Document:

Unassociated Document

    

      
        

        

      

       

      IMPAC
        SECURED ASSETS CORP.,

      Depositor,

      

      

      

      IMPAC
        FUNDING CORPORATION,

      Master
        Servicer,

      

      

      and

      

       

      DEUTSCHE
        BANK NATIONAL TRUST COMPANY,

      Trustee

       

      

       

      POOLING
        AND SERVICING AGREEMENT

       

      Dated
        as
        of June 1, 2006

       

       

      ________________________

       

      Mortgage
        Pass-Through Certificates

       

      Series
        2006-2

       

      

      
        

        

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

          
          

        

      

      TABLE
        OF
        CONTENTS

      
      

      ARTICLE
        I
        DEFINITIONS

      

      
        
          	 	
                  Section
                    1.01.

                	
                  Defined
                    Terms.

                
	 	
                  Accrual
                    Period

                
	 	
                  Adjustment
                    Date

                
	 	
                  Advance

                
	 	
                  Affected
                    Party

                
	 	
                  Affiliate

                
	 	
                  Aggregate
                    Stated Principal Balance

                
	 	
                  Agreement

                
	 	
                  Allocated
                    Realized Loss Amount

                
	 	
                  Assessment
                    of Compliance

                
	 	
                  Assignment

                
	 	
                  Attestation
                    Report

                
	 	
                  Available
                    Distribution Amount

                
	 	
                  Bankruptcy
                    Code

                
	 	
                  Basic
                    Principal Distribution Amount

                
	 	
                  Book-Entry
                    Certificate

                
	 	
                  Business
                    Day

                
	 	
                  Cash
                    Liquidation

                
	 	
                  Certificate

                
	 	
                  Certificate
                    Account

                
	 	
                  Certificate
                    Account Deposit Date

                
	 	
                  Certificate
                    Margin

                
	 	
                  Certificate
                    Owner

                
	 	
                  Certificate
                    Principal Balance

                
	 	
                  Certificate
                    Register

                
	 	
                  Certificateholder

                
	 	
                  Class

                
	 	
                  Class
                    1-A Certificates

                
	 	
                  Class
                    1-A Principal Distribution Amount

                
	 	
                  Class
                    1-A1 Certificate

                
	 	
                  Class
                    1-A2 Certificate

                
	 	
                  Class
                    1-IO Interest

                
	 	
                  Class
                    1-M Certificates

                
	 	
                  Class
                    2-A Certificate

                
	 	
                  Class
                    2-A Principal Distribution Amount

                
	 	
                  Class
                    2-IO Interest

                
	 	
                  Class
                    2-M Certificates

                
	 	
                  Class
                    A Certificates

                
	 	
                  Class
                    B Certificates

                
	 	
                  Class
                    C Certificates

                
	 	
                  Class
                    C-M Distribution Amount

                
	 	
                  Class
                    C-R Distribution Amount

                
	 	
                  Class
                    IO Interests

                
	 	
                  Class
                    IO Distribution Amount

                
	 	
                  Class
                    M Certificates

                
	 	
                  Class
                    P Certificates

                
	 	
                  Class
                    R Certificate

                
	 	
                  Class
                    R-1 Interest

                
	 	
                  Class
                    R-2 Interest

                
	 	
                  Class
                    R-3 Interest

                
	 	
                  Class
                    R-4 Interest

                
	 	
                  Closing
                    Date

                
	 	
                  Code

                
	 	
                  Collateral
                    Value

                
	 	
                  Commission

                
	 	
                  Compensating
                    Interest

                
	 	
                  Corporate
                    Trust Office

                
	 	
                  Corresponding
                    Certificate

                
	 	
                  Credit
                    Enhancement Percentage

                
	 	
                  Current
                    Report

                
	 	
                  Custodial
                    Account

                
	 	
                  Custodian

                
	 	
                  Cut-off
                    Date

                
	 	
                  Cut-off
                    Date Balance

                
	 	
                  Debt
                    Service Coverage Ratio

                
	 	
                  Defaulted
                    Mortgage Loan

                
	 	
                  Defaulting
                    Party

                
	 	
                  Deficient
                    Valuation

                
	 	
                  Definitive
                    Certificate

                
	 	
                  Deleted
                    Mortgage Loan

                
	 	
                  Delinquent

                
	 	
                  Depositor

                
	 	
                  Depository

                
	 	
                  Depository
                    Participant

                
	 	
                  Determination
                    Date

                
	 	
                  Disqualified
                    Organization

                
	 	
                  Distribution
                    Date

                
	 	
                  Distribution
                    Report

                
	 	
                  Due
                    Date

                
	 	
                  Due
                    Period

                
	 	
                  Eligible
                    Account

                
	 	
                  Event
                    of Default

                
	 	
                  Excess
                    Proceeds

                
	 	
                  Excess
                    Servicing Strip

                
	 	
                  Exchange
                    Act

                
	 	
                  Extra
                    Principal Distribution Amount

                
	 	
                  Fannie
                    Mae

                
	 	
                  FDIC

                
	 	
                  Final
                    Scheduled Distribution Date

                
	 	
                  Freddie
                    Mac

                
	 	
                  GMAC

                
	 	
                  Gross
                    Margin

                
	 	
                  Group
                    1 Class IO Distribution Amount

                
	 	
                  Group
                    1 Interest Rate Swap Agreement

                
	 	
                  Group
                    1 Loans

                
	 	
                  Group
                    1 Marker Rate

                
	 	
                  Group
                    1 Maximum Uncertificated Accrued Interest Deferral
                    Amount

                
	 	
                  Group
                    1 Net Mortgage Rate

                
	 	
                  Group
                    1 Net WAC Rate

                
	 	
                  Group
                    1 Net WAC Shortfall Reserve Fund

                
	 	
                  Group
                    1 Net WAC Shortfall Reserve Fund Deposit

                
	 	
                  Group
                    1 Overcollateralization Deficiency Amount

                
	 	
                  Group
                    1 Overcollateralization Floor

                
	 	
                  Group
                    1 Overcollateralization Release Amount

                
	 	
                  Group
                    1 Overcollateralization Target Amount

                
	 	
                  Group
                    1 Overcollateralized Amount

                
	 	
                  Group
                    1 Step-Up Date

                
	 	
                  Group
                    1 Stepdown Date

                
	 	
                  Group
                    1 Subordinate Class Principal Distribution Amount

                
	 	
                  Group
                    1 Supplemental Interest Trust

                
	 	
                  Group
                    1 Swap Account

                
	 	
                  Group
                    1 Swap Provider

                
	 	
                  Group
                    1 Trigger Event

                
	 	
                  Group
                    2 Class IO Distribution Amount

                
	 	
                  Group
                    2 Interest Rate Swap Agreement

                
	 	
                  Group
                    2 Loans

                
	 	
                  Group
                    2 Marker Rate

                
	 	
                  Group
                    2 Maximum Uncertificated Accrued Interest Deferral
                    Amount

                
	 	
                  Group
                    2 Net WAC Rate

                
	 	
                  Group
                    2 Net WAC Shortfall Reserve Fund

                
	 	
                  Group
                    2 Net WAC Shortfall Reserve Fund Deposit

                
	 	
                  Group
                    2 Overcollateralization Deficiency Amount

                
	 	
                  Group
                    2 Overcollateralization Floor

                
	 	
                  Group
                    2 Overcollateralization Release Amount

                
	 	
                  Group
                    2 Overcollateralization Target Amount

                
	 	
                  Group
                    2 Overcollateralized Amount

                
	 	
                  Group
                    2 Step-Up Date

                
	 	
                  Group
                    2 Stepdown Date

                
	 	
                  Group
                    2 Subordinate Class Principal Distribution Amount

                
	 	
                  Group
                    2 Supplemental Interest Trust

                
	 	
                  Group
                    2 Swap Account

                
	 	
                  Group
                    2 Swap Provider

                
	 	
                  Group
                    2 Trigger Event

                
	 	
                  Index

                
	 	
                  Initial
                    Certificate Principal Balance

                
	 	
                  Initial
                    Notional Amount

                
	 	
                  Insurance
                    Policy

                
	 	
                  Insurance
                    Proceeds

                
	 	
                  Interest
                    Rate Swap Agreement

                
	 	
                  Interest
                    Remittance Amount

                
	 	
                  Late
                    Collections

                
	 	
                  LIBOR

                
	 	
                  LIBOR
                    Business Day

                
	 	
                  LIBOR
                    Rate Adjustment Date

                
	 	
                  Liquidated
                    Mortgage Loan

                
	 	
                  Liquidation
                    Proceeds

                
	 	
                  Loan-to-Value
                    Ratio

                
	 	
                  Loan
                    Group

                
	 	
                  Loan
                    Group 1

                
	 	
                  Loan
                    Group 2

                
	 	
                  Lost
                    Note Affidavit

                
	 	
                  Majority
                    Class C Certificateholder

                
	 	
                  Master
                    Servicer

                
	 	
                  Master
                    Servicer Prepayment Charge Payment Amount

                
	 	
                  Master
                    Servicing Fees

                
	 	
                  Master
                    Servicing Fee Rate

                
	 	
                  MERS

                
	 	
                  MERS®
                    System

                
	 	
                  MIN

                
	 	
                  MOM
                    Loan

                
	 	
                  Monthly
                    Interest Distributable Amount

                
	 	
                  Monthly
                    Payment

                
	 	
                  Moody's

                
	 	
                  Mortgage

                
	 	
                  Mortgage
                    File

                
	 	
                  Mortgage
                    Loan

                
	 	
                  Mortgage
                    Loan Purchase Agreement

                
	 	
                  Mortgage
                    Loan Schedule

                
	 	
                  Mortgage
                    Note

                
	 	
                  Mortgage
                    Rate

                
	 	
                  Mortgaged
                    Property

                
	 	
                  Mortgagor

                
	 	
                  Net
                    Liquidation Proceeds

                
	 	
                  Net
                    Monthly Excess Cashflow

                
	 	
                  Net
                    Mortgage Rate

                
	 	
                  Net
                    Prepayment Interest Shortfall

                
	 	
                  Net
                    Swap Payment

                
	 	
                  Net
                    WAC Rate

                
	 	
                  Net
                    WAC Shortfall Amount

                
	 	
                  Net
                    WAC Shortfall Reserve Fund

                
	 	
                  Nonrecoverable
                    Advance

                
	 	
                  Non-United
                    States Person

                
	 	
                  Notional
                    Balance

                
	 	
                  Officers’
                    Certificate

                
	 	
                  One
                    Month LIBOR

                
	 	
                  Opinion
                    of Counsel

                
	 	
                  Optional
                    Termination Date

                
	 	
                  OTS

                
	 	
                  Outstanding
                    Mortgage Loan

                
	 	
                  Overcollateralization
                    Deficiency Amount

                
	 	
                  Overcollateralization
                    Floor

                
	 	
                  Overcollateralization
                    Release Amount

                
	 	
                  Overcollateralization
                    Target Amount

                
	 	
                  Overcollateralized
                    Amount

                
	 	
                  Ownership
                    Interest

                
	 	
                  Pass-Through
                    Rate

                
	 	
                  Percentage
                    Interest

                
	 	
                  Permitted
                    Investment

                
	 	
                  Permitted
                    Transferee

                
	 	
                  Person

                
	 	
                  PMI
                    Insurer

                
	 	
                  PMI
                    Insurer Policy

                
	 	
                  PMI
                    Mortgage Loan

                
	 	
                  PMI
                    Insurer Fee Rate

                
	 	
                  Prepayment
                    Assumption

                
	 	
                  Prepayment
                    Charge

                
	 	
                  Prepayment
                    Interest Excess

                
	 	
                  Prepayment
                    Interest Shortfall

                
	 	
                  Prepayment
                    Period

                
	 	
                  Primary
                    Hazard Insurance Policy

                
	 	
                  Primary
                    Insurance Policy

                
	 	
                  Principal
                    Distribution Amount

                
	 	
                  Principal
                    Prepayment

                
	 	
                  Principal
                    Prepayment in Full

                
	 	
                  Principal
                    Remittance Amount

                
	 	
                  Prospectus
                    Supplement

                
	 	
                  Purchase
                    Price

                
	 	
                  Qualified
                    Insurer

                
	 	
                  Qualified
                    Substitute Mortgage Loan

                
	 	
                  Rating
                    Agency

                
	 	
                  Realized
                    Loss

                
	 	
                  Record
                    Date

                
	 	
                  Regular
                    Certificate

                
	 	
                  Regulation
                    AB

                
	 	
                  Relief
                    Act

                
	 	
                  Relief
                    Act Interest Shortfall

                
	 	
                  REMIC

                
	 	
                  REMIC
                    1

                
	 	
                  REMIC
                    1 Regular Interest

                
	 	
                  REMIC
                    2

                
	 	
                  REMIC
                    2 Regular Interest

                
	 	
                  REMIC
                    3

                
	 	
                  REMIC
                    3 Group 1 Interest Loss Allocation Amount

                
	 	
                  REMIC
                    3 Group 1 Overcollateralized Amount

                
	 	
                  REMIC
                    3 Group 1 Overcollateralization Target Amount

                
	 	
                  REMIC
                    3 Group 1 Principal Loss Allocation Amount

                
	 	
                  REMIC
                    3 Group 1 Regular Interest

                
	 	
                  REMIC
                    3 Group 2 Interest Loss Allocation Amount

                
	 	
                  REMIC
                    3 Group 2 Overcollateralized Amount

                
	 	
                  REMIC
                    3 Group 2 Overcollateralization Target Amount

                
	 	
                  REMIC
                    3 Group 2 Principal Loss Allocation Amount

                
	 	
                  REMIC
                    3 Group 2 Regular Interest

                
	 	
                  REMIC
                    3 Regular Interest

                
	 	
                  REMIC
                    4

                
	 	
                  REMIC
                    4 Regular Interest

                
	 	
                  REMIC
                    Provisions

                
	 	
                  REMIC
                    Regular Interest

                
	 	
                  Remittance
                    Report

                
	 	
                  REO
                    Acquisition

                
	 	
                  REO
                    Disposition

                
	 	
                  REO
                    Imputed Interest

                
	 	
                  REO
                    Proceeds

                
	 	
                  REO
                    Property

                
	 	
                  Request
                    for Release

                
	 	
                  Residual
                    Certificate

                
	 	
                  Residual
                    Interest

                
	 	
                  Responsible
                    Officer

                
	 	
                  Servicing
                    Account

                
	 	
                  Servicing
                    Advances

                
	 	
                  Servicing
                    Criteria

                
	 	
                  Servicing
                    Guide

                
	 	
                  Servicing
                    Officer

                
	 	
                  Single
                    Certificate

                
	 	
                  Specially
                    Serviced Multifamily Loan

                
	 	
                  Sponsor

                
	 	
                  Standard
                    & Poor's

                
	 	
                  Startup
                    Day

                
	 	
                  Stated
                    Principal Balance

                
	 	
                  Step-Up
                    Date

                
	 	
                  Stepdown
                    Date

                
	 	
                  Stepdown
                    Target Subordination Percentage

                
	 	
                  Subordinate
                    Certificates

                
	 	
                  Subordinate
                    Class Principal Distribution Amount

                
	 	
                  Subsequent
                    Recoveries

                
	 	
                  Sub-Servicer

                
	 	
                  Sub-Servicer
                    Remittance Date

                
	 	
                  Sub-Servicing
                    Account

                
	 	
                  Sub-Servicing
                    Agreement

                
	 	
                  Sub-Servicing
                    Fees

                
	 	
                  Sub-Servicing
                    Fee Rate

                
	 	
                  Substitution
                    Adjustment

                
	 	
                  Supplemental
                    Interest Trust

                
	 	
                  Swap
                    LIBOR

                
	 	
                  Swap
                    Optional Termination Payment

                
	 	
                  Swap
                    Provider

                
	 	
                  Swap
                    Provider Trigger Event

                
	 	
                  Swap
                    Termination Payment

                
	 	
                  Tax
                    Matters Person

                
	 	
                  Tax
                    Returns

                
	 	
                  Transfer

                
	 	
                  Transferor

                
	 	
                  Trust
                    Fund

                
	 	
                  Trustee

                
	 	
                  Uncertificated
                    Accrued Interest

                
	 	
                  Uncertificated
                    Notional Balance

                
	 	
                  Uncertificated
                    Pass-Through Rate

                
	 	
                  Uncertificated
                    Principal Balance

                
	 	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  Uncertificated
                    REMIC 2 Pass-Through Rate

                
	 	
                  Uncertificated
                    REMIC 3 Pass-Through Rate

                
	 	
                  Uninsured
                    Cause

                
	 	
                  United
                    States Person

                
	 	
                  Unpaid
                    Interest Shortfall Amount

                
	 	
                  Voting
                    Rights

                
	 	
                  Weighted
                    Average Net Mortgage Rate

                
	 	
                  Section
                    1.02.

                	
                  Determination
                    of LIBOR.

                
	 	
                  Section
                    1.03.

                	
                  Allocation
                    of Certain Interest Shortfalls.

                

        

        
           

          
            	
                    ARTICLE
                      II CONVEYANCE OF MORTGAGE LOANS; ORIGINAL ISSUANCE OF
                      CERTIFICATES

                  
	 	
                    Section
                      2.01.

                  	
                    Conveyance
                      of Mortgage Loans.

                  
	 	
                    Section
                      2.02.

                  	
                    Acceptance
                      of the Trust Fund by the Trustee.

                  
	 	
                    Section
                      2.03.

                  	
                    Representations,
                      Warranties and Covenants of the Master Servicer and the
                      Depositor.

                  
	 	
                    Section
                      2.04.

                  	
                    Representations
                      and Warranties of the Sponsor.

                  
	 	
                    Section
                      2.05.

                  	
                    Issuance
                      of Certificates; Conveyance of REMIC Regular Interests; Acceptance
                      of
                      REMIC 2, REMIC 3 and REMIC 4 by the Trustee.

                  
	 	
                    Section
                      2.06.

                  	
                    Purposes
                      and Powers of the Trust.

                  
	 
	ARTICLE
                    III ADMINISTRATION AND SERVICING OF THE TRUST FUND
	 	
                    Section
                      3.01.

                  	
                    Master
                      Servicer to Act as Master Servicer.

                  
	 	
                    Section
                      3.02.

                  	
                    Sub-Servicing
                      Agreements Between Master Servicer and Sub-Servicers.

                  
	 	
                    Section
                      3.03.

                  	
                    Successor
                      Sub-Servicers.

                  
	 	
                    Section
                      3.04.

                  	
                    Liability
                      of the Master Servicer.

                  
	 	
                    Section
                      3.05.

                  	
                    No
                      Contractual Relationship Between Sub-Servicers and 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; Servicing
                      Accounts.

                  
	 	
                    Section
                      3.10.

                  	
                    Custodial
                      Account.

                  
	 	
                    Section
                      3.11.

                  	
                    Permitted
                      Withdrawals From the Custodial Account.

                  
	 	
                    Section
                      3.12.

                  	
                    Permitted
                      Investments.

                  
	 	
                    Section
                      3.13.

                  	
                    Maintenance
                      of Primary Hazard Insurance.

                  
	 	
                    Section
                      3.14.

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

                  
	 	
                    Section
                      3.15.

                  	
                    Realization
                      Upon Defaulted Mortgage Loans.

                  
	 	
                    Section
                      3.16.

                  	
                    Trustee
                      to Cooperate; Release of Mortgage Files.

                  
	 	
                    Section
                      3.17.

                  	
                    Servicing
                      Compensation.

                  
	 	
                    Section
                      3.18.

                  	
                    Maintenance
                      of Certain Servicing Policies.

                  
	 	
                    Section
                      3.19.

                  	
                    Annual
                      Statement as to Compliance.

                  
	 	
                    Section
                      3.20.

                  	
                    Assessments
                      of Compliance and Attestation Reports.

                  
	 	
                    Section
                      3.21.

                  	
                    Access
                      to Certain Documentation.

                  
	 	
                    Section
                      3.22.

                  	
                    Title,
                      Conservation and Disposition of REO Property.

                  
	 	
                    Section
                      3.23.

                  	
                    Additional
                      Obligations of the Master Servicer.

                  
	 	
                    Section
                      3.24.

                  	
                    Additional
                      Obligations of the Depositor.

                  
	 	
                    Section
                      3.25.

                  	
                    Exchange
                      Act Reporting.

                  
	 	
                    Section
                      3.26.

                  	
                    Intention
                      of the Parties and Interpretation.

                  
	 	 	 
	ARTICLE
                    IV PAYMENTS TO CERTIFICATEHOLDERS
	 	
                    Section
                      4.01.

                  	
                    Distributions.

                  
	 	
                    Section
                      4.02.

                  	
                    Statements
                      to Certificateholders.

                  
	 	
                    Section
                      4.03.

                  	
                    Remittance
                      Reports; Advances by the Master Servicer.

                  
	 	
                    Section
                      4.04.

                  	
                    Distributions
                      on the REMIC Regular Interests.

                  
	 	
                    Section
                      4.05.

                  	
                    Allocation
                      of Realized Losses.

                  
	 	
                    Section
                      4.06.

                  	
                    Information
                      Reports to Be Filed by the Master Servicer.

                  
	 	
                    Section
                      4.07.

                  	
                    Compliance
                      with Withholding Requirements.

                  
	 	
                    Section
                      4.08.

                  	
                    Net
                      WAC Shortfall Reserve Funds.

                  
	 	
                    Section
                      4.09.

                  	
                    Supplemental
                      Interest Trusts.

                  
	 	
                    Section
                      4.10.

                  	
                    Tax
                      Treatment of Class IO Distribution Amounts in the Event of
                      Resecuritization of Class 1-A, Class 1-M or Class 1-B
                      Certificates.

                  
	 	 	 
	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.

                  	
                    Rule
                      144A Information.

                  
	 	 	 
	ARTICLE
                    VI THE DEPOSITOR AND THE MASTER SERVICER
	 	
                    Section
                      6.01.

                  	
                    Liability
                      of the Depositor and the Master Servicer.

                  
	 	
                    Section
                      6.02.

                  	
                    Merger,
                      Consolidation or Conversion of the Depositor or the Master
                      Servicer.

                  
	 	
                    Section
                      6.03.

                  	
                    Limitation
                      on Liability of the Depositor, the Master Servicer and
                      Others.

                  
	 	
                    Section
                      6.04.

                  	
                    Limitation
                      on Resignation of the Master Servicer.

                  
	 	
                    Section
                      6.05.

                  	
                    Sale
                      and Assignment of Master Servicing.

                  
	 
	ARTICLE
                    VII DEFAULT
	 	
                    Section
                      7.01.

                  	
                    Events
                      of Default.

                  
	 	
                    Section
                      7.02.

                  	
                    Trustee
                      to Act; Appointment of Successor.

                  
	 	
                    Section
                      7.03.

                  	
                    Notification
                      to Certificateholders.

                  
	 	
                    Section
                      7.04.

                  	
                    Waiver
                      of Events of Default.

                  
	 	
                    Section
                      7.05.

                  	
                    List
                      of Certificateholders.

                  
	 
	ARTICLE
                    VIII CONCERNING 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’s
                      Fees.

                  
	 	
                    Section
                      8.06.

                  	
                    Eligibility
                      Requirements for Trustee.

                  
	 	
                    Section
                      8.07.

                  	
                    Resignation
                      and Removal of the Trustee.

                  
	 	
                    Section
                      8.08.

                  	
                    Successor
                      Trustee.

                  
	 	
                    Section
                      8.09.

                  	
                    Merger
                      or Consolidation of Trustee.

                  
	 	
                    Section
                      8.10.

                  	
                    Appointment
                      of Co-Trustee or Separate Trustee.

                  
	 
	ARTICLE
                    IX TERMINATION
	 	
                    Section
                      9.01.

                  	
                    Termination
                      Upon Repurchase or Liquidation of All Mortgage Loans or upon
                      Purchase of
                      Certificates.

                  
	 	
                    Section
                      9.02.

                  	
                    Termination
                      of REMIC 4 and Retirement of Class R Certificates.

                  
	 	
                    Section
                      9.03.

                  	
                    Additional
                      Termination Requirements.

                  
	 
	ARTICLE
                    X REMIC PROVISIONS
	 	
                    Section
                      10.01.

                  	
                    REMIC
                      Administration.

                  
	 	
                    Section
                      10.02.

                  	
                    Prohibited
                      Transactions and Activities.

                  
	 	
                    Section
                      10.03.

                  	
                    Master
                      Servicer and Trustee Indemnification.

                  
	 
	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.

                  
	 	
                    Section
                      11.05.

                  	
                    Notices.

                  
	 	
                    Section
                      11.06.

                  	
                    Severability
                      of Provisions.

                  
	 	
                    Section
                      11.07.

                  	
                    Successors
                      and Assigns.

                  
	 	
                    Section
                      11.08.

                  	
                    Article
                      and Section Headings.

                  
	 	
                    Section
                      11.09.

                  	
                    Notice
                      to Rating Agencies.

                  
	 	
                    Section
                      11.10.

                  	
                    Third
                      Party Rights.

                  

          

          
Signatures

        

      

      Acknowledgments

       

      
        
          	
                  Exhibit
                    A

                	
                  Form
                    of Class A Certificate

                
	
                  Exhibit
                    B-1

                	
                  Form
                    of Class [M][B] Certificate

                
	
                  Exhibit
                    B-2

                	
                  Form
                    of Class C Certificate

                
	
                  Exhibit
                    B-3

                	
                  Form
                    of Class P Certificate

                
	
                  Exhibit
                    B-4

                	
                  Form
                    of Class R Certificate

                
	
                  Exhibit
                    C

                	
                  Form
                    of Custodian Initial Certification

                
	
                  Exhibit
                    D

                	
                  Form
                    of Custodian Final Certification

                
	
                  Exhibit
                    E

                	
                  Form
                    of Remittance Report

                
	
                  Exhibit
                    F-1

                	
                  Request
                    for Release

                
	
                  Exhibit
                    F-2

                	
                  Request
                    for Release for Mortgage Loans Paid in Full

                
	
                  Exhibit
                    G-1

                	
                  Form
                    of Investor Representation Letter

                
	
                  Exhibit
                    G-2

                	
                  Form
                    of Transferor Representation Letter

                
	
                  Exhibit
                    G-3

                	
                  Form
                    of Rule 144A Investment Representation

                
	
                  Exhibit
                    G-4

                	
                  Transferor
                    Certificate for Transfers of Residual Certificates

                
	
                  Exhibit
                    G-5

                	
                  Transfer
                    Affidavit and Agreement for Transfers of Residual
                    Certificates

                
	
                  Exhibit
                    H

                	
                  Mortgage
                    Loan Schedule

                
	
                  Exhibit
                    I

                	
                  Sponsor
                    Representations and Warranties

                
	
                  Exhibit
                    J

                	
                  Form
                    of Notice Under Section 3.24

                
	
                  Exhibit
                    K

                	
                  Impac
                    Funding Corporation Servicing Guide

                
	
                  Exhibit
                    L-1

                	
                  Form
                    10-K Certification

                
	
                  Exhibit
                    L-2

                	
                  Form
                    10-K Back-up Certification (Master Servicer)

                
	
                  Exhibit
                    L-3

                	
                  Form
                    10-K Back-up Certification (Trustee)

                
	
                  Exhibit
                    L-4

                	
                  Form
                    of Back-up Certification to Form 10-K Certificate

                
	
                  Exhibit
                    M

                	
                  Form
                    of Interest Rate Swap Agreement

                
	
                  Exhibit
                    N

                	
                  Servicing
                    Criteria to be Addressed in Assessment of Compliance

                
	
                  Exhibit
                    O

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

                

        

        

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

              
              

            

          

      

      This
        Pooling and Servicing Agreement, dated and effective as of June 1, 2006,
        is
        entered into among Impac Secured Assets Corp., as depositor (the “Depositor”),
        Impac Funding Corporation, as master servicer (the “Master Servicer”), and
        Deutsche Bank National Trust Company, as trustee (the “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-five classes
        of
        certificates, designated as (i) the Class 1-A1-1 Certificates, (ii) the Class
        1-A1-2 Certificates, (iii) the Class 1-A2-A Certificates, (iv) the Class
        1-A2-B
        Certificates, (v) the Class 1-A2-C Certificates,(vi) the Class 2-A-1
        Certificates, (vii) the Class 2-A-2 Certificates, (viii) the Class 1-M-1
        Certificates, (ix) the Class 1-M-2 Certificates, (x) the Class 1-M-3
        Certificates, (xi) the Class 1-M-4 Certificates, (xii) the Class 1-M-5
        Certificates, (xiii) the Class 1-M-6 Certificates, (xiv) the Class 1-M-7
        Certificates, (x) the Class 1-M-8 Certificates, (xi) the Class 2-M-1
        Certificates, (xii) the Class 2-M-2 Certificates,
        (xiii)
        the Class 2-M-3 Certificates, (xix) the Class 1-B Certificates, (xx) the
        Class
        2-B Certificates, (xxi) the Class C-R Certificates, (xxii) the Class C-M
        Certificates, (xxiii) the Class P-R Certificates, (xxiv) the Class P-M
        Certificates, and (xxv) the Class R Certificates.

       

      REMIC
        1

       

      As
        provided herein, the Trustee will elect to treat the segregated pool of assets
        consisting of Loan Group 1 and certain other related assets (other than the
        Group 1 Net WAC Shortfall Reserve Fund, any related Master Servicer Prepayment
        Charge Payment Amounts and, for the avoidance of doubt, the Group 1 Supplemental
        Interest Trust, the Group 1 Swap Account and the Group 1 Interest Rate Swap
        Agreement) subject to this Agreement as a REMIC for federal income tax purposes,
        and such segregated pool of assets will be designated as “REMIC 1.” The Class
        R-1 Interest will be 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 will be certificated.

      

        
          	
                  Designation

                	
                  Uncertificated
                    REMIC 1 

                  Pass-Through
                    Rate

                	 	
                  Initial
                    Uncertificated Principal Balance

                	
                  Latest
                    Possible Maturity Date (1)

                
	
                  1-1-A

                	
                  Variable(2)

                	
                  $

                	
                  977,900.25
                    

                	
                  August
                    2036

                
	
                  1-1-B

                	
                  Variable(2)

                	
                  $

                	
                  977,900.25
                    

                	
                  August
                    2036

                
	
                  1-2-A

                	
                  Variable(2)

                	
                  $

                	
                  1,318,993.50
                    

                	
                  August
                    2036

                
	
                  1-2-B

                	
                  Variable(2)

                	
                  $

                	
                  1,318,993.50
                    

                	
                  August
                    2036

                
	
                  1-3-A

                	
                  Variable(2)

                	
                  $

                	
                  1,660,765.50
                    

                	
                  August
                    2036

                
	
                  1-3-B

                	
                  Variable(2)

                	
                  $

                	
                  1,660,765.50
                    

                	
                  August
                    2036

                
	
                  1-4-A

                	
                  Variable(2)

                	
                  $

                	
                  2,001,067.50
                    

                	
                  August
                    2036

                
	
                  1-4-B

                	
                  Variable(2)

                	
                  $

                	
                  2,001,067.50
                    

                	
                  August
                    2036

                
	
                  1-5-A

                	
                  Variable(2)

                	
                  $

                	
                  2,337,800.50
                    

                	
                  August
                    2036

                
	
                  1-5-B

                	
                  Variable(2)

                	
                  $

                	
                  2,337,800.50
                    

                	
                  August
                    2036

                
	
                  1-6-A

                	
                  Variable(2)

                	
                  $

                	
                  2,668,608.00
                    

                	
                  August
                    2036

                
	
                  1-6-B

                	
                  Variable(2)

                	
                  $

                	
                  2,668,608.00
                    

                	
                  August
                    2036

                
	
                  1-7-A

                	
                  Variable(2)

                	
                  $

                	
                  2,991,283.25
                    

                	
                  August
                    2036

                
	
                  1-7-B

                	
                  Variable(2)

                	
                  $

                	
                  2,991,283.25
                    

                	
                  August
                    2036

                
	
                  1-8-A

                	
                  Variable(2)

                	
                  $

                	
                  3,303,556.00
                    

                	
                  August
                    2036

                
	
                  1-8-B

                	
                  Variable(2)

                	
                  $

                	
                  3,303,556.00
                    

                	
                  August
                    2036

                
	
                  1-9-A

                	
                  Variable(2)

                	
                  $

                	
                  3,579,021.00
                    

                	
                  August
                    2036

                
	
                  1-9-B

                	
                  Variable(2)

                	
                  $

                	
                  3,579,021.00
                    

                	
                  August
                    2036

                
	
                  1-10-A

                	
                  Variable(2)

                	
                  $

                	
                  3,841,078.75
                    

                	
                  August
                    2036

                
	
                  1-10-B

                	
                  Variable(2)

                	
                  $

                	
                  3,841,078.75
                    

                	
                  August
                    2036

                
	
                  1-11-A

                	
                  Variable(2)

                	
                  $

                	
                  3,942,968.00
                    

                	
                  August
                    2036

                
	
                  1-11-B

                	
                  Variable(2)

                	
                  $

                	
                  3,942,968.00
                    

                	
                  August
                    2036

                
	
                  1-12-A

                	
                  Variable(2)

                	
                  $

                	
                  3,891,888.50
                    

                	
                  August
                    2036

                
	
                  1-12-B

                	
                  Variable(2)

                	
                  $

                	
                  3,891,888.50
                    

                	
                  August
                    2036

                
	
                  1-13-A

                	
                  Variable(2)

                	
                  $

                	
                  3,774,295.50
                    

                	
                  August
                    2036

                
	
                  1-13-B

                	
                  Variable(2)

                	
                  $

                	
                  3,774,295.50
                    

                	
                  August
                    2036

                
	
                  1-14-A

                	
                  Variable(2)

                	
                  $

                	
                  3,660,235.75
                    

                	
                  August
                    2036

                
	
                  1-14-B

                	
                  Variable(2)

                	
                  $

                	
                  3,660,235.75
                    

                	
                  August
                    2036

                
	
                  1-15-A

                	
                  Variable(2)

                	
                  $

                	
                  3,549,619.50
                    

                	
                  August
                    2036

                
	
                  1-15-B

                	
                  Variable(2)

                	
                  $

                	
                  3,549,619.50
                    

                	
                  August
                    2036

                
	
                  1-16-A

                	
                  Variable(2)

                	
                  $

                	
                  3,442,297.50
                    

                	
                  August
                    2036

                
	
                  1-16-B

                	
                  Variable(2)

                	
                  $

                	
                  3,442,297.50
                    

                	
                  August
                    2036

                
	
                  1-17-A

                	
                  Variable(2)

                	
                  $

                	
                  3,338,173.25
                    

                	
                  August
                    2036

                
	
                  1-17-B

                	
                  Variable(2)

                	
                  $

                	
                  3,338,173.25
                    

                	
                  August
                    2036

                
	
                  1-18-A

                	
                  Variable(2)

                	
                  $

                	
                  3,237,238.25
                    

                	
                  August
                    2036

                
	
                  1-18-B

                	
                  Variable(2)

                	
                  $

                	
                  3,237,238.25
                    

                	
                  August
                    2036

                
	
                  1-19-A

                	
                  Variable(2)

                	
                  $

                	
                  3,139,364.00
                    

                	
                  August
                    2036

                
	
                  1-19-B

                	
                  Variable(2)

                	
                  $

                	
                  3,139,364.00
                    

                	
                  August
                    2036

                
	
                  1-20-A

                	
                  Variable(2)

                	
                  $

                	
                  8,713,977.25
                    

                	
                  August
                    2036

                
	
                  1-20-B

                	
                  Variable(2)

                	
                  $

                	
                  8,713,977.25
                    

                	
                  August
                    2036

                
	
                  1-21-A

                	
                  Variable(2)

                	
                  $

                	
                  2,779,268.75
                    

                	
                  August
                    2036

                
	
                  1-21-B

                	
                  Variable(2)

                	
                  $

                	
                  2,779,268.75
                    

                	
                  August
                    2036

                
	
                  1-22-A

                	
                  Variable(2)

                	
                  $

                	
                  5,529,972.00
                    

                	
                  August
                    2036

                
	
                  1-22-B

                	
                  Variable(2)

                	
                  $

                	
                  5,529,972.00
                    

                	
                  August
                    2036

                
	
                  1-23-A

                	
                  Variable(2)

                	
                  $

                	
                  6,779,380.50
                    

                	
                  August
                    2036

                
	
                  1-23-B

                	
                  Variable(2)

                	
                  $

                	
                  6,779,380.50
                    

                	
                  August
                    2036

                
	
                  1-24-A

                	
                  Variable(2)

                	
                  $

                	
                  3,738,314.50
                    

                	
                  August
                    2036

                
	
                  1-24-B

                	
                  Variable(2)

                	
                  $

                	
                  3,738,314.50
                    

                	
                  August
                    2036

                
	
                  1-25-A

                	
                  Variable(2)

                	
                  $

                	
                  2,207,397.50
                    

                	
                  August
                    2036

                
	
                  1-25-B

                	
                  Variable(2)

                	
                  $

                	
                  2,207,397.50
                    

                	
                  August
                    2036

                
	
                  1-26-A

                	
                  Variable(2)

                	
                  $

                	
                  2,140,540.00
                    

                	
                  August
                    2036

                
	
                  1-26-B

                	
                  Variable(2)

                	
                  $

                	
                  2,140,540.00
                    

                	
                  August
                    2036

                
	
                  1-27-A

                	
                  Variable(2)

                	
                  $

                	
                  2,075,692.50
                    

                	
                  August
                    2036

                
	
                  1-27-B

                	
                  Variable(2)

                	
                  $

                	
                  2,075,692.50
                    

                	
                  August
                    2036

                
	
                  1-28-A

                	
                  Variable(2)

                	
                  $

                	
                  2,012,807.50
                    

                	
                  August
                    2036

                
	
                  1-28-B

                	
                  Variable(2)

                	
                  $

                	
                  2,012,807.50
                    

                	
                  August
                    2036

                
	
                  1-29-A

                	
                  Variable(2)

                	
                  $

                	
                  1,951,800.00
                    

                	
                  August
                    2036

                
	
                  1-29-B

                	
                  Variable(2)

                	
                  $

                	
                  1,951,800.00
                    

                	
                  August
                    2036

                
	
                  1-30-A

                	
                  Variable(2)

                	
                  $

                	
                  1,892,675.00
                    

                	
                  August
                    2036

                
	
                  1-30-B

                	
                  Variable(2)

                	
                  $

                	
                  1,892,675.00
                    

                	
                  August
                    2036

                
	
                  1-31-A

                	
                  Variable(2)

                	
                  $

                	
                  1,835,322.50
                    

                	
                  August
                    2036

                
	
                  1-31-B

                	
                  Variable(2)

                	
                  $

                	
                  1,835,322.50
                    

                	
                  August
                    2036

                
	
                  1-32-A

                	
                  Variable(2)

                	
                  $

                	
                  1,779,635.00
                    

                	
                  August
                    2036

                
	
                  1-32-B

                	
                  Variable(2)

                	
                  $

                	
                  1,779,635.00
                    

                	
                  August
                    2036

                
	
                  1-33-A

                	
                  Variable(2)

                	
                  $

                	
                  1,725,647.50
                    

                	
                  August
                    2036

                
	
                  1-33-B

                	
                  Variable(2)

                	
                  $

                	
                  1,725,647.50
                    

                	
                  August
                    2036

                
	
                  1-34-A

                	
                  Variable(2)

                	
                  $

                	
                  7,534,410.00
                    

                	
                  August
                    2036

                
	
                  1-34-B

                	
                  Variable(2)

                	
                  $

                	
                  7,534,410.00
                    

                	
                  August
                    2036

                
	
                  1-35-A

                	
                  Variable(2)

                	
                  $

                	
                  1,443,282.50
                    

                	
                  August
                    2036

                
	
                  1-35-B

                	
                  Variable(2)

                	
                  $

                	
                  1,443,282.50
                    

                	
                  August
                    2036

                
	
                  1-36-A

                	
                  Variable(2)

                	
                  $

                	
                  8,237,347.50
                    

                	
                  August
                    2036

                
	
                  1-36-B

                	
                  Variable(2)

                	
                  $

                	
                  8,237,347.50
                    

                	
                  August
                    2036

                
	
                  1-37-A

                	
                  Variable(2)

                	
                  $

                	
                  1,147,782.50
                    

                	
                  August
                    2036

                
	
                  1-37-B

                	
                  Variable(2)

                	
                  $

                	
                  1,147,782.50
                    

                	
                  August
                    2036

                
	
                  1-38-A

                	
                  Variable(2)

                	
                  $

                	
                  1,112,952.50
                    

                	
                  August
                    2036

                
	
                  1-38-B

                	
                  Variable(2)

                	
                  $

                	
                  1,112,952.50
                    

                	
                  August
                    2036

                
	
                  1-39-A

                	
                  Variable(2)

                	
                  $

                	
                  1,079,165.00
                    

                	
                  August
                    2036

                
	
                  1-39-B

                	
                  Variable(2)

                	
                  $

                	
                  1,079,165.00
                    

                	
                  August
                    2036

                
	
                  1-40-A

                	
                  Variable(2)

                	
                  $

                	
                  1,046,395.00
                    

                	
                  August
                    2036

                
	
                  1-40-B

                	
                  Variable(2)

                	
                  $

                	
                  1,046,395.00
                    

                	
                  August
                    2036

                
	
                  1-41-A

                	
                  Variable(2)

                	
                  $

                	
                  1,014,575.00
                    

                	
                  August
                    2036

                
	
                  1-41-B

                	
                  Variable(2)

                	
                  $

                	
                  1,014,575.00
                    

                	
                  August
                    2036

                
	
                  1-42-A

                	
                  Variable(2)

                	
                  $

                	
                  983,792.50
                    

                	
                  August
                    2036

                
	
                  1-42-B

                	
                  Variable(2)

                	
                  $

                	
                  983,792.50
                    

                	
                  August
                    2036

                
	
                  1-43-A

                	
                  Variable(2)

                	
                  $

                	
                  953,897.50
                    

                	
                  August
                    2036

                
	
                  1-43-B

                	
                  Variable(2)

                	
                  $

                	
                  953,897.50
                    

                	
                  August
                    2036

                
	
                  1-44-A

                	
                  Variable(2)

                	
                  $

                	
                  924,885.00
                    

                	
                  August
                    2036

                
	
                  1-44-B

                	
                  Variable(2)

                	
                  $

                	
                  924,885.00
                    

                	
                  August
                    2036

                
	
                  1-45-A

                	
                  Variable(2)

                	
                  $

                	
                  896,782.50
                    

                	
                  August
                    2036

                
	
                  1-45-B

                	
                  Variable(2)

                	
                  $

                	
                  896,782.50
                    

                	
                  August
                    2036

                
	
                  1-46-A

                	
                  Variable(2)

                	
                  $

                	
                  869,530.00
                    

                	
                  August
                    2036

                
	
                  1-46-B

                	
                  Variable(2)

                	
                  $

                	
                  869,530.00
                    

                	
                  August
                    2036

                
	
                  1-47-A

                	
                  Variable(2)

                	
                  $

                	
                  843,095.00
                    

                	
                  August
                    2036

                
	
                  1-47-B

                	
                  Variable(2)

                	
                  $

                	
                  843,095.00
                    

                	
                  August
                    2036

                
	
                  1-48-A

                	
                  Variable(2)

                	
                  $

                	
                  817,410.00
                    

                	
                  August
                    2036

                
	
                  1-48-B

                	
                  Variable(2)

                	
                  $

                	
                  817,410.00
                    

                	
                  August
                    2036

                
	
                  1-49-A

                	
                  Variable(2)

                	
                  $

                	
                  792,562.50
                    

                	
                  August
                    2036

                
	
                  1-49-B

                	
                  Variable(2)

                	
                  $

                	
                  792,562.50
                    

                	
                  August
                    2036

                
	
                  1-50-A

                	
                  Variable(2)

                	
                  $

                	
                  768,442.50
                    

                	
                  August
                    2036

                
	
                  1-50-B

                	
                  Variable(2)

                	
                  $

                	
                  768,442.50
                    

                	
                  August
                    2036

                
	
                  1-51-A

                	
                  Variable(2)

                	
                  $

                	
                  745,017.50
                    

                	
                  August
                    2036

                
	
                  1-51-B

                	
                  Variable(2)

                	
                  $

                	
                  745,017.50
                    

                	
                  August
                    2036

                
	
                  1-52-A

                	
                  Variable(2)

                	
                  $

                	
                  722,337.50
                    

                	
                  August
                    2036

                
	
                  1-52-B

                	
                  Variable(2)

                	
                  $

                	
                  722,337.50
                    

                	
                  August
                    2036

                
	
                  1-53-A

                	
                  Variable(2)

                	
                  $

                	
                  700,365.00
                    

                	
                  August
                    2036

                
	
                  1-53-B

                	
                  Variable(2)

                	
                  $

                	
                  700,365.00
                    

                	
                  August
                    2036

                
	
                  1-54-A

                	
                  Variable(2)

                	
                  $

                	
                  679,052.50
                    

                	
                  August
                    2036

                
	
                  1-54-B

                	
                  Variable(2)

                	
                  $

                	
                  679,052.50
                    

                	
                  August
                    2036

                
	
                  1-55-A

                	
                  Variable(2)

                	
                  $

                	
                  658,347.50
                    

                	
                  August
                    2036

                
	
                  1-55-B

                	
                  Variable(2)

                	
                  $

                	
                  658,347.50
                    

                	
                  August
                    2036

                
	
                  1-56-A

                	
                  Variable(2)

                	
                  $

                	
                  638,282.50
                    

                	
                  August
                    2036

                
	
                  1-56-B

                	
                  Variable(2)

                	
                  $

                	
                  638,282.50
                    

                	
                  August
                    2036

                
	
                  1-57-A

                	
                  Variable(2)

                	
                  $

                	
                  618,830.00
                    

                	
                  August
                    2036

                
	
                  1-57-B

                	
                  Variable(2)

                	
                  $

                	
                  618,830.00
                    

                	
                  August
                    2036

                
	
                  1-58-A

                	
                  Variable(2)

                	
                  $

                	
                  7,997,132.50
                    

                	
                  August
                    2036

                
	
                  1-58-B

                	
                  Variable(2)

                	
                  $

                	
                  7,997,132.50
                    

                	
                  August
                    2036

                
	
                  1-59-A

                	
                  Variable(2)

                	
                  $

                	
                  10,062,652.50
                    

                	
                  August
                    2036

                
	
                  1-59-B

                	
                  Variable(2)

                	
                  $

                	
                  10,062,652.50
                    

                	
                  August
                    2036

                
	
                  1-60-A

                	
                  Variable(2)

                	
                  $

                	
                  1,431,030.00
                    

                	
                  August
                    2036

                
	
                  1-60-B

                	
                  Variable(2)

                	
                  $

                	
                  1,431,030.00
                    

                	
                  August
                    2036

                
	
                  1-Non-Swap

                	
                  Variable(2)

                	
                  $

                	
                  271,737,769.15

                	
                  August
                    2036

                
	
                  P-R

                	
                  Variable(2)

                	
                  $

                	
                  100.00

                	
                  August
                    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
                  Mortgage Loan in Loan Group 1 with the latest possible maturity
                  date has
                  been designated as the “latest possible maturity date” for each REMIC 1
                  Regular Interest.

              

      

      
        	
                (2)

              	
                Calculated
                  in accordance with the definition of “Uncertificated REMIC 1 Pass-Through
                  Rate” in this Agreement.

              

      

       

      REMIC
        2

       

      As
        provided herein, the Trustee will elect to treat the segregated pool of assets
        consisting of Loan Group 2 and certain other related assets (other than the
        Group 2 Net WAC Shortfall Reserve Fund, any related Master Servicer Prepayment
        Charge Payment Amounts and, for the avoidance of doubt, the Group 2 Supplemental
        Interest Trust, the Group 2 Swap Account and the Group 2 Interest Rate Swap
        Agreement) subject to this Agreement as a REMIC for federal income tax purposes,
        and such segregated pool of assets will be designated as “REMIC 2.” The Class
        R-2 Interest will be the sole class of Residual Interests in REMIC 2 for
        purposes of the REMIC Provisions. 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 will be certificated.

      

        
          	
                  Designation

                	
                  Uncertificated
                    REMIC 2 

                  Pass-Through
                    Rate

                	 	
                  Initial
                    Uncertificated Principal Balance

                	
                  Latest
                    Possible Maturity Date(1)

                
	
                  2-1-A

                	
                  Variable(2)

                	
                  $

                	
                  116,687.00
                    

                	
                  August
                    2036

                
	
                  2-1-B

                	
                  Variable(2)

                	
                  $

                	
                  116,687.00
                    

                	
                  August
                    2036

                
	
                  2-2-A

                	
                  Variable(2)

                	
                  $

                	
                  125,865.00
                    

                	
                  August
                    2036

                
	
                  2-2-B

                	
                  Variable(2)

                	
                  $

                	
                  125,865.00
                    

                	
                  August
                    2036

                
	
                  2-3-A

                	
                  Variable(2)

                	
                  $

                	
                  135,072.00
                    

                	
                  August
                    2036

                
	
                  2-3-B

                	
                  Variable(2)

                	
                  $

                	
                  135,072.00
                    

                	
                  August
                    2036

                
	
                  2-4-A

                	
                  Variable(2)

                	
                  $

                	
                  144,047.50
                    

                	
                  August
                    2036

                
	
                  2-4-B

                	
                  Variable(2)

                	
                  $

                	
                  144,047.50
                    

                	
                  August
                    2036

                
	
                  2-5-A

                	
                  Variable(2)

                	
                  $

                	
                  153,057.50
                    

                	
                  August
                    2036

                
	
                  2-5-B

                	
                  Variable(2)

                	
                  $

                	
                  153,057.50
                    

                	
                  August
                    2036

                
	
                  2-6-A

                	
                  Variable(2)

                	
                  $

                	
                  162,092.50
                    

                	
                  August
                    2036

                
	
                  2-6-B

                	
                  Variable(2)

                	
                  $

                	
                  162,092.50
                    

                	
                  August
                    2036

                
	
                  2-7-A

                	
                  Variable(2)

                	
                  $

                	
                  171,070.00
                    

                	
                  August
                    2036

                
	
                  2-7-B

                	
                  Variable(2)

                	
                  $

                	
                  171,070.00
                    

                	
                  August
                    2036

                
	
                  2-8-A

                	
                  Variable(2)

                	
                  $

                	
                  180,038.00
                    

                	
                  August
                    2036

                
	
                  2-8-B

                	
                  Variable(2)

                	
                  $

                	
                  180,038.00
                    

                	
                  August
                    2036

                
	
                  2-9-A

                	
                  Variable(2)

                	
                  $

                	
                  188,800.00
                    

                	
                  August
                    2036

                
	
                  2-9-B

                	
                  Variable(2)

                	
                  $

                	
                  188,800.00
                    

                	
                  August
                    2036

                
	
                  2-10-A

                	
                  Variable(2)

                	
                  $

                	
                  197,435.50
                    

                	
                  August
                    2036

                
	
                  2-10-B

                	
                  Variable(2)

                	
                  $

                	
                  197,435.50
                    

                	
                  August
                    2036

                
	
                  2-11-A

                	
                  Variable(2)

                	
                  $

                	
                  206,130.50
                    

                	
                  August
                    2036

                
	
                  2-11-B

                	
                  Variable(2)

                	
                  $

                	
                  206,130.50
                    

                	
                  August
                    2036

                
	
                  2-12-A

                	
                  Variable(2)

                	
                  $

                	
                  214,728.00
                    

                	
                  August
                    2036

                
	
                  2-12-B

                	
                  Variable(2)

                	
                  $

                	
                  214,728.00
                    

                	
                  August
                    2036

                
	
                  2-13-A

                	
                  Variable(2)

                	
                  $

                	
                  223,258.50
                    

                	
                  August
                    2036

                
	
                  2-13-B

                	
                  Variable(2)

                	
                  $

                	
                  223,258.50
                    

                	
                  August
                    2036

                
	
                  2-14-A

                	
                  Variable(2)

                	
                  $

                	
                  231,678.50
                    

                	
                  August
                    2036

                
	
                  2-14-B

                	
                  Variable(2)

                	
                  $

                	
                  231,678.50
                    

                	
                  August
                    2036

                
	
                  2-15-A

                	
                  Variable(2)

                	
                  $

                	
                  240,001.00
                    

                	
                  August
                    2036

                
	
                  2-15-B

                	
                  Variable(2)

                	
                  $

                	
                  240,001.00
                    

                	
                  August
                    2036

                
	
                  2-16-A

                	
                  Variable(2)

                	
                  $

                	
                  248,191.50
                    

                	
                  August
                    2036

                
	
                  2-16-B

                	
                  Variable(2)

                	
                  $

                	
                  248,191.50
                    

                	
                  August
                    2036

                
	
                  2-17-A

                	
                  Variable(2)

                	
                  $

                	
                  255,361.50
                    

                	
                  August
                    2036

                
	
                  2-17-B

                	
                  Variable(2)

                	
                  $

                	
                  255,361.50
                    

                	
                  August
                    2036

                
	
                  2-18-A

                	
                  Variable(2)

                	
                  $

                	
                  262,304.00
                    

                	
                  August
                    2036

                
	
                  2-18-B

                	
                  Variable(2)

                	
                  $

                	
                  262,304.00
                    

                	
                  August
                    2036

                
	
                  2-19-A

                	
                  Variable(2)

                	
                  $

                	
                  269,179.50
                    

                	
                  August
                    2036

                
	
                  2-19-B

                	
                  Variable(2)

                	
                  $

                	
                  269,179.50
                    

                	
                  August
                    2036

                
	
                  2-20-A

                	
                  Variable(2)

                	
                  $

                	
                  276,042.00
                    

                	
                  August
                    2036

                
	
                  2-20-B

                	
                  Variable(2)

                	
                  $

                	
                  276,042.00
                    

                	
                  August
                    2036

                
	
                  2-21-A

                	
                  Variable(2)

                	
                  $

                	
                  282,010.00
                    

                	
                  August
                    2036

                
	
                  2-21-B

                	
                  Variable(2)

                	
                  $

                	
                  282,010.00
                    

                	
                  August
                    2036

                
	
                  2-22-A

                	
                  Variable(2)

                	
                  $

                	
                  285,405.50
                    

                	
                  August
                    2036

                
	
                  2-22-B

                	
                  Variable(2)

                	
                  $

                	
                  285,405.50
                    

                	
                  August
                    2036

                
	
                  2-23-A

                	
                  Variable(2)

                	
                  $

                	
                  286,645.50
                    

                	
                  August
                    2036

                
	
                  2-23-B

                	
                  Variable(2)

                	
                  $

                	
                  286,645.50
                    

                	
                  August
                    2036

                
	
                  2-24-A

                	
                  Variable(2)

                	
                  $

                	
                  285,278.00
                    

                	
                  August
                    2036

                
	
                  2-24-B

                	
                  Variable(2)

                	
                  $

                	
                  285,278.00
                    

                	
                  August
                    2036

                
	
                  2-25-A

                	
                  Variable(2)

                	
                  $

                	
                  283,941.00
                    

                	
                  August
                    2036

                
	
                  2-25-B

                	
                  Variable(2)

                	
                  $

                	
                  283,941.00
                    

                	
                  August
                    2036

                
	
                  2-26-A

                	
                  Variable(2)

                	
                  $

                	
                  282,506.50
                    

                	
                  August
                    2036

                
	
                  2-26-B

                	
                  Variable(2)

                	
                  $

                	
                  282,506.50
                    

                	
                  August
                    2036

                
	
                  2-27-A

                	
                  Variable(2)

                	
                  $

                	
                  281,334.00
                    

                	
                  August
                    2036

                
	
                  2-27-B

                	
                  Variable(2)

                	
                  $

                	
                  281,334.00
                    

                	
                  August
                    2036

                
	
                  2-28-A

                	
                  Variable(2)

                	
                  $

                	
                  279,867.00
                    

                	
                  August
                    2036

                
	
                  2-28-B

                	
                  Variable(2)

                	
                  $

                	
                  279,867.00
                    

                	
                  August
                    2036

                
	
                  2-29-A

                	
                  Variable(2)

                	
                  $

                	
                  278,570.00
                    

                	
                  August
                    2036

                
	
                  2-29-B

                	
                  Variable(2)

                	
                  $

                	
                  278,570.00
                    

                	
                  August
                    2036

                
	
                  2-30-A

                	
                  Variable(2)

                	
                  $

                	
                  277,160.50
                    

                	
                  August
                    2036

                
	
                  2-30-B

                	
                  Variable(2)

                	
                  $

                	
                  277,160.50
                    

                	
                  August
                    2036

                
	
                  2-31-A

                	
                  Variable(2)

                	
                  $

                	
                  275,793.00
                    

                	
                  August
                    2036

                
	
                  2-31-B

                	
                  Variable(2)

                	
                  $

                	
                  275,793.00
                    

                	
                  August
                    2036

                
	
                  2-32-A

                	
                  Variable(2)

                	
                  $

                	
                  274,561.00
                    

                	
                  August
                    2036

                
	
                  2-32-B

                	
                  Variable(2)

                	
                  $

                	
                  274,561.00
                    

                	
                  August
                    2036

                
	
                  2-33-A

                	
                  Variable(2)

                	
                  $

                	
                  4,596,799.00
                    

                	
                  August
                    2036

                
	
                  2-33-B

                	
                  Variable(2)

                	
                  $

                	
                  4,596,799.00
                    

                	
                  August
                    2036

                
	
                  2-34-A

                	
                  Variable(2)

                	
                  $

                	
                  2,410,624.50
                    

                	
                  August
                    2036

                
	
                  2-34-B

                	
                  Variable(2)

                	
                  $

                	
                  2,410,624.50
                    

                	
                  August
                    2036

                
	
                  2-35-A

                	
                  Variable(2)

                	
                  $

                	
                  3,694,829.50
                    

                	
                  August
                    2036

                
	
                  2-35-B

                	
                  Variable(2)

                	
                  $

                	
                  3,694,829.50
                    

                	
                  August
                    2036

                
	
                  2-36-A

                	
                  Variable(2)

                	
                  $

                	
                  216,395.50
                    

                	
                  August
                    2036

                
	
                  2-36-B

                	
                  Variable(2)

                	
                  $

                	
                  216,395.50
                    

                	
                  August
                    2036

                
	
                  2-37-A

                	
                  Variable(2)

                	
                  $

                	
                  215,283.00
                    

                	
                  August
                    2036

                
	
                  2-37-B

                	
                  Variable(2)

                	
                  $

                	
                  215,283.00
                    

                	
                  August
                    2036

                
	
                  2-38-A

                	
                  Variable(2)

                	
                  $

                	
                  214,411.00
                    

                	
                  August
                    2036

                
	
                  2-38-B

                	
                  Variable(2)

                	
                  $

                	
                  214,411.00
                    

                	
                  August
                    2036

                
	
                  2-39-A

                	
                  Variable(2)

                	
                  $

                	
                  213,456.50
                    

                	
                  August
                    2036

                
	
                  2-39-B

                	
                  Variable(2)

                	
                  $

                	
                  213,456.50
                    

                	
                  August
                    2036

                
	
                  2-40-A

                	
                  Variable(2)

                	
                  $

                	
                  212,477.50
                    

                	
                  August
                    2036

                
	
                  2-40-B

                	
                  Variable(2)

                	
                  $

                	
                  212,477.50
                    

                	
                  August
                    2036

                
	
                  2-41-A

                	
                  Variable(2)

                	
                  $

                	
                  211,560.00
                    

                	
                  August
                    2036

                
	
                  2-41-B

                	
                  Variable(2)

                	
                  $

                	
                  211,560.00
                    

                	
                  August
                    2036

                
	
                  2-42-A

                	
                  Variable(2)

                	
                  $

                	
                  210,460.50
                    

                	
                  August
                    2036

                
	
                  2-42-B

                	
                  Variable(2)

                	
                  $

                	
                  210,460.50
                    

                	
                  August
                    2036

                
	
                  2-43-A

                	
                  Variable(2)

                	
                  $

                	
                  209,586.50
                    

                	
                  August
                    2036

                
	
                  2-43-B

                	
                  Variable(2)

                	
                  $

                	
                  209,586.50
                    

                	
                  August
                    2036

                
	
                  2-44-A

                	
                  Variable(2)

                	
                  $

                	
                  208,626.50
                    

                	
                  August
                    2036

                
	
                  2-44-B

                	
                  Variable(2)

                	
                  $

                	
                  208,626.50
                    

                	
                  August
                    2036

                
	
                  2-45-A

                	
                  Variable(2)

                	
                  $

                	
                  207,720.00
                    

                	
                  August
                    2036

                
	
                  2-45-B

                	
                  Variable(2)

                	
                  $

                	
                  207,720.00
                    

                	
                  August
                    2036

                
	
                  2-46-A

                	
                  Variable(2)

                	
                  $

                	
                  206,743.00
                    

                	
                  August
                    2036

                
	
                  2-46-B

                	
                  Variable(2)

                	
                  $

                	
                  206,743.00
                    

                	
                  August
                    2036

                
	
                  2-47-A

                	
                  Variable(2)

                	
                  $

                	
                  205,701.00
                    

                	
                  August
                    2036

                
	
                  2-47-B

                	
                  Variable(2)

                	
                  $

                	
                  205,701.00
                    

                	
                  August
                    2036

                
	
                  2-48-A

                	
                  Variable(2)

                	
                  $

                	
                  204,829.00
                    

                	
                  August
                    2036

                
	
                  2-48-B

                	
                  Variable(2)

                	
                  $

                	
                  204,829.00
                    

                	
                  August
                    2036

                
	
                  2-49-A

                	
                  Variable(2)

                	
                  $

                	
                  203,914.50
                    

                	
                  August
                    2036

                
	
                  2-49-B

                	
                  Variable(2)

                	
                  $

                	
                  203,914.50
                    

                	
                  August
                    2036

                
	
                  2-50-A

                	
                  Variable(2)

                	
                  $

                	
                  203,023.00
                    

                	
                  August
                    2036

                
	
                  2-50-B

                	
                  Variable(2)

                	
                  $

                	
                  203,023.00
                    

                	
                  August
                    2036

                
	
                  2-51-A

                	
                  Variable(2)

                	
                  $

                	
                  202,111.00
                    

                	
                  August
                    2036

                
	
                  2-51-B

                	
                  Variable(2)

                	
                  $

                	
                  202,111.00
                    

                	
                  August
                    2036

                
	
                  2-52-A

                	
                  Variable(2)

                	
                  $

                	
                  5,141,246.50
                    

                	
                  August
                    2036

                
	
                  2-52-B

                	
                  Variable(2)

                	
                  $

                	
                  5,141,246.50
                    

                	
                  August
                    2036

                
	
                  2-53-A

                	
                  Variable(2)

                	
                  $

                	
                  173,810.00
                    

                	
                  August
                    2036

                
	
                  2-53-B

                	
                  Variable(2)

                	
                  $

                	
                  173,810.00
                    

                	
                  August
                    2036

                
	
                  2-54-A

                	
                  Variable(2)

                	
                  $

                	
                  173,115.50
                    

                	
                  August
                    2036

                
	
                  2-54-B

                	
                  Variable(2)

                	
                  $

                	
                  173,115.50
                    

                	
                  August
                    2036

                
	
                  2-55-A

                	
                  Variable(2)

                	
                  $

                	
                  172,339.00
                    

                	
                  August
                    2036

                
	
                  2-55-B

                	
                  Variable(2)

                	
                  $

                	
                  172,339.00
                    

                	
                  August
                    2036

                
	
                  2-56-A

                	
                  Variable(2)

                	
                  $

                	
                  3,211,597.00
                    

                	
                  August
                    2036

                
	
                  2-56-B

                	
                  Variable(2)

                	
                  $

                	
                  3,211,597.00
                    

                	
                  August
                    2036

                
	
                  2-57-A

                	
                  Variable(2)

                	
                  $

                	
                  9,274,492.50
                    

                	
                  August
                    2036

                
	
                  2-57-B

                	
                  Variable(2)

                	
                  $

                	
                  9,274,492.50
                    

                	
                  August
                    2036

                
	
                  2-58-A

                	
                  Variable(2)

                	
                  $

                	
                  6,184,963.50
                    

                	
                  August
                    2036

                
	
                  2-58-B

                	
                  Variable(2)

                	
                  $

                	
                  6,184,963.50
                    

                	
                  August
                    2036

                
	
                  2-59-A

                	
                  Variable(2)

                	
                  $

                	
                  10,154,749.50
                    

                	
                  August
                    2036

                
	
                  2-59-B

                	
                  Variable(2)

                	
                  $

                	
                  10,154,749.50
                    

                	
                  August
                    2036

                
	
                  2-60-A

                	
                  Variable(2)

                	
                  $

                	
                  363,665.00
                    

                	
                  August
                    2036

                
	
                  2-60-B

                	
                  Variable(2)

                	
                  $

                	
                  363,665.00
                    

                	
                  August
                    2036

                
	
                  2-61-A

                	
                  Variable(2)

                	
                  $

                	
                  352,576.00
                    

                	
                  August
                    2036

                
	
                  2-61-B

                	
                  Variable(2)

                	
                  $

                	
                  352,576.00
                    

                	
                  August
                    2036

                
	
                  2-62-A

                	
                  Variable(2)

                	
                  $

                	
                  341,817.50
                    

                	
                  August
                    2036

                
	
                  2-62-B

                	
                  Variable(2)

                	
                  $

                	
                  341,817.50
                    

                	
                  August
                    2036

                
	
                  2-63-A

                	
                  Variable(2)

                	
                  $

                	
                  331,376.50
                    

                	
                  August
                    2036

                
	
                  2-63-B

                	
                  Variable(2)

                	
                  $

                	
                  331,376.50
                    

                	
                  August
                    2036

                
	
                  2-64-A

                	
                  Variable(2)

                	
                  $

                	
                  321,262.50
                    

                	
                  August
                    2036

                
	
                  2-64-B

                	
                  Variable(2)

                	
                  $

                	
                  321,262.50
                    

                	
                  August
                    2036

                
	
                  2-65-A

                	
                  Variable(2)

                	
                  $

                	
                  311,449.00
                    

                	
                  August
                    2036

                
	
                  2-65-B

                	
                  Variable(2)

                	
                  $

                	
                  311,449.00
                    

                	
                  August
                    2036

                
	
                  2-66-A

                	
                  Variable(2)

                	
                  $

                	
                  301,938.50
                    

                	
                  August
                    2036

                
	
                  2-66-B

                	
                  Variable(2)

                	
                  $

                	
                  301,938.50
                    

                	
                  August
                    2036

                
	
                  2-67-A

                	
                  Variable(2)

                	
                  $

                	
                  292,715.50
                    

                	
                  August
                    2036

                
	
                  2-67-B

                	
                  Variable(2)

                	
                  $

                	
                  292,715.50
                    

                	
                  August
                    2036

                
	
                  2-68-A

                	
                  Variable(2)

                	
                  $

                	
                  283,767.50
                    

                	
                  August
                    2036

                
	
                  2-68-B

                	
                  Variable(2)

                	
                  $

                	
                  283,767.50
                    

                	
                  August
                    2036

                
	
                  2-69-A

                	
                  Variable(2)

                	
                  $

                	
                  275,090.50
                    

                	
                  August
                    2036

                
	
                  2-69-B

                	
                  Variable(2)

                	
                  $

                	
                  275,090.50
                    

                	
                  August
                    2036

                
	
                  2-70-A

                	
                  Variable(2)

                	
                  $

                	
                  266,681.00
                    

                	
                  August
                    2036

                
	
                  2-70-B

                	
                  Variable(2)

                	
                  $

                	
                  266,681.00
                    

                	
                  August
                    2036

                
	
                  2-71-A

                	
                  Variable(2)

                	
                  $

                	
                  258,529.50
                    

                	
                  August
                    2036

                
	
                  2-71-B

                	
                  Variable(2)

                	
                  $

                	
                  258,529.50
                    

                	
                  August
                    2036

                
	
                  2-72-A

                	
                  Variable(2)

                	
                  $

                	
                  250,617.50
                    

                	
                  August
                    2036

                
	
                  2-72-B

                	
                  Variable(2)

                	
                  $

                	
                  250,617.50
                    

                	
                  August
                    2036

                
	
                  2-73-A

                	
                  Variable(2)

                	
                  $

                	
                  242,954.50
                    

                	
                  August
                    2036

                
	
                  2-73-B

                	
                  Variable(2)

                	
                  $

                	
                  242,954.50
                    

                	
                  August
                    2036

                
	
                  2-74-A

                	
                  Variable(2)

                	
                  $

                	
                  235,514.00
                    

                	
                  August
                    2036

                
	
                  2-74-B

                	
                  Variable(2)

                	
                  $

                	
                  235,514.00
                    

                	
                  August
                    2036

                
	
                  2-75-A

                	
                  Variable(2)

                	
                  $

                	
                  228,298.50
                    

                	
                  August
                    2036

                
	
                  2-75-B

                	
                  Variable(2)

                	
                  $

                	
                  228,298.50
                    

                	
                  August
                    2036

                
	
                  2-76-A

                	
                  Variable(2)

                	
                  $

                	
                  221,315.00
                    

                	
                  August
                    2036

                
	
                  2-76-B

                	
                  Variable(2)

                	
                  $

                	
                  221,315.00
                    

                	
                  August
                    2036

                
	
                  2-77-A

                	
                  Variable(2)

                	
                  $

                	
                  214,537.50
                    

                	
                  August
                    2036

                
	
                  2-77-B

                	
                  Variable(2)

                	
                  $

                	
                  214,537.50
                    

                	
                  August
                    2036

                
	
                  2-78-A

                	
                  Variable(2)

                	
                  $

                	
                  207,962.50
                    

                	
                  August
                    2036

                
	
                  2-78-B

                	
                  Variable(2)

                	
                  $

                	
                  207,962.50
                    

                	
                  August
                    2036

                
	
                  2-79-A

                	
                  Variable(2)

                	
                  $

                	
                  201,588.00
                    

                	
                  August
                    2036

                
	
                  2-79-B

                	
                  Variable(2)

                	
                  $

                	
                  201,588.00
                    

                	
                  August
                    2036

                
	
                  2-80-A

                	
                  Variable(2)

                	
                  $

                	
                  195,408.50
                    

                	
                  August
                    2036

                
	
                  2-80-B

                	
                  Variable(2)

                	
                  $

                	
                  195,408.50
                    

                	
                  August
                    2036

                
	
                  2-81-A

                	
                  Variable(2)

                	
                  $

                	
                  189,416.50
                    

                	
                  August
                    2036

                
	
                  2-81-B

                	
                  Variable(2)

                	
                  $

                	
                  189,416.50
                    

                	
                  August
                    2036

                
	
                  2-82-A

                	
                  Variable(2)

                	
                  $

                	
                  183,606.50
                    

                	
                  August
                    2036

                
	
                  2-82-B

                	
                  Variable(2)

                	
                  $

                	
                  183,606.50
                    

                	
                  August
                    2036

                
	
                  2-83-A

                	
                  Variable(2)

                	
                  $

                	
                  177,978.50
                    

                	
                  August
                    2036

                
	
                  2-83-B

                	
                  Variable(2)

                	
                  $

                	
                  177,978.50
                    

                	
                  August
                    2036

                
	
                  2-84-A

                	
                  Variable(2)

                	
                  $

                	
                  172,510.00
                    

                	
                  August
                    2036

                
	
                  2-84-B

                	
                  Variable(2)

                	
                  $

                	
                  172,510.00
                    

                	
                  August
                    2036

                
	
                  2-85-A

                	
                  Variable(2)

                	
                  $

                	
                  167,214.50
                    

                	
                  August
                    2036

                
	
                  2-85-B

                	
                  Variable(2)

                	
                  $

                	
                  167,214.50
                    

                	
                  August
                    2036

                
	
                  2-86-A

                	
                  Variable(2)

                	
                  $

                	
                  162,084.00
                    

                	
                  August
                    2036

                
	
                  2-86-B

                	
                  Variable(2)

                	
                  $

                	
                  162,084.00
                    

                	
                  August
                    2036

                
	
                  2-87-A

                	
                  Variable(2)

                	
                  $

                	
                  157,104.00
                    

                	
                  August
                    2036

                
	
                  2-87-B

                	
                  Variable(2)

                	
                  $

                	
                  157,104.00
                    

                	
                  August
                    2036

                
	
                  2-88-A

                	
                  Variable(2)

                	
                  $

                	
                  152,280.00
                    

                	
                  August
                    2036

                
	
                  2-88-B

                	
                  Variable(2)

                	
                  $

                	
                  152,280.00
                    

                	
                  August
                    2036

                
	
                  2-89-A

                	
                  Variable(2)

                	
                  $

                	
                  147,604.50
                    

                	
                  August
                    2036

                
	
                  2-89-B

                	
                  Variable(2)

                	
                  $

                	
                  147,604.50
                    

                	
                  August
                    2036

                
	
                  2-90-A

                	
                  Variable(2)

                	
                  $

                	
                  143,064.50
                    

                	
                  August
                    2036

                
	
                  2-90-B

                	
                  Variable(2)

                	
                  $

                	
                  143,064.50
                    

                	
                  August
                    2036

                
	
                  2-91-A

                	
                  Variable(2)

                	
                  $

                	
                  138,662.00
                    

                	
                  August
                    2036

                
	
                  2-91-B

                	
                  Variable(2)

                	
                  $

                	
                  138,662.00
                    

                	
                  August
                    2036

                
	
                  2-92-A

                	
                  Variable(2)

                	
                  $

                	
                  134,395.00
                    

                	
                  August
                    2036

                
	
                  2-92-B

                	
                  Variable(2)

                	
                  $

                	
                  134,395.00
                    

                	
                  August
                    2036

                
	
                  2-93-A

                	
                  Variable(2)

                	
                  $

                	
                  130,265.50
                    

                	
                  August
                    2036

                
	
                  2-93-B

                	
                  Variable(2)

                	
                  $

                	
                  130,265.50
                    

                	
                  August
                    2036

                
	
                  2-94-A

                	
                  Variable(2)

                	
                  $

                	
                  126,256.50
                    

                	
                  August
                    2036

                
	
                  2-94-B

                	
                  Variable(2)

                	
                  $

                	
                  126,256.50
                    

                	
                  August
                    2036

                
	
                  2-95-A

                	
                  Variable(2)

                	
                  $

                	
                  122,366.50
                    

                	
                  August
                    2036

                
	
                  2-95-B

                	
                  Variable(2)

                	
                  $

                	
                  122,366.50
                    

                	
                  August
                    2036

                
	
                  2-96-A

                	
                  Variable(2)

                	
                  $

                	
                  118,599.00
                    

                	
                  August
                    2036

                
	
                  2-96-B

                	
                  Variable(2)

                	
                  $

                	
                  118,599.00
                    

                	
                  August
                    2036

                
	
                  2-97-A

                	
                  Variable(2)

                	
                  $

                	
                  114,948.50
                    

                	
                  August
                    2036

                
	
                  2-97-B

                	
                  Variable(2)

                	
                  $

                	
                  114,948.50
                    

                	
                  August
                    2036

                
	
                  2-98-A

                	
                  Variable(2)

                	
                  $

                	
                  111,407.50
                    

                	
                  August
                    2036

                
	
                  2-98-B

                	
                  Variable(2)

                	
                  $

                	
                  111,407.50
                    

                	
                  August
                    2036

                
	
                  2-99-A

                	
                  Variable(2)

                	
                  $

                	
                  107,970.50
                    

                	
                  August
                    2036

                
	
                  2-99-B

                	
                  Variable(2)

                	
                  $

                	
                  107,970.50
                    

                	
                  August
                    2036

                
	
                  2-100-A

                	
                  Variable(2)

                	
                  $

                	
                  104,637.50
                    

                	
                  August
                    2036

                
	
                  2-100-B

                	
                  Variable(2)

                	
                  $

                	
                  104,637.50
                    

                	
                  August
                    2036

                
	
                  2-101-A

                	
                  Variable(2)

                	
                  $

                	
                  101,416.00
                    

                	
                  August
                    2036

                
	
                  2-101-B

                	
                  Variable(2)

                	
                  $

                	
                  101,416.00
                    

                	
                  August
                    2036

                
	
                  2-102-A

                	
                  Variable(2)

                	
                  $

                	
                  98,289.00
                    

                	
                  August
                    2036

                
	
                  2-102-B

                	
                  Variable(2)

                	
                  $

                	
                  98,289.00
                    

                	
                  August
                    2036

                
	
                  2-103-A

                	
                  Variable(2)

                	
                  $

                	
                  95,255.00
                    

                	
                  August
                    2036

                
	
                  2-103-B

                	
                  Variable(2)

                	
                  $

                	
                  95,255.00
                    

                	
                  August
                    2036

                
	
                  2-104-A

                	
                  Variable(2)

                	
                  $

                	
                  92,310.00
                    

                	
                  August
                    2036

                
	
                  2-104-B

                	
                  Variable(2)

                	
                  $

                	
                  92,310.00
                    

                	
                  August
                    2036

                
	
                  2-105-A

                	
                  Variable(2)

                	
                  $

                	
                  89,465.50
                    

                	
                  August
                    2036

                
	
                  2-105-B

                	
                  Variable(2)

                	
                  $

                	
                  89,465.50
                    

                	
                  August
                    2036

                
	
                  2-106-A

                	
                  Variable(2)

                	
                  $

                	
                  86,700.50
                    

                	
                  August
                    2036

                
	
                  2-106-B

                	
                  Variable(2)

                	
                  $

                	
                  86,700.50
                    

                	
                  August
                    2036

                
	
                  2-107-A

                	
                  Variable(2)

                	
                  $

                	
                  84,017.50
                    

                	
                  August
                    2036

                
	
                  2-107-B

                	
                  Variable(2)

                	
                  $

                	
                  84,017.50
                    

                	
                  August
                    2036

                
	
                  2-108-A

                	
                  Variable(2)

                	
                  $

                	
                  81,423.50
                    

                	
                  August
                    2036

                
	
                  2-108-B

                	
                  Variable(2)

                	
                  $

                	
                  81,423.50
                    

                	
                  August
                    2036

                
	
                  2-109-A

                	
                  Variable(2)

                	
                  $

                	
                  78,907.50
                    

                	
                  August
                    2036

                
	
                  2-109-B

                	
                  Variable(2)

                	
                  $

                	
                  78,907.50
                    

                	
                  August
                    2036

                
	
                  2-110-A

                	
                  Variable(2)

                	
                  $

                	
                  76,462.00
                    

                	
                  August
                    2036

                
	
                  2-110-B

                	
                  Variable(2)

                	
                  $

                	
                  76,462.00
                    

                	
                  August
                    2036

                
	
                  2-111-A

                	
                  Variable(2)

                	
                  $

                	
                  74,096.50
                    

                	
                  August
                    2036

                
	
                  2-111-B

                	
                  Variable(2)

                	
                  $

                	
                  74,096.50
                    

                	
                  August
                    2036

                
	
                  2-112-A

                	
                  Variable(2)

                	
                  $

                	
                  71,807.00
                    

                	
                  August
                    2036

                
	
                  2-112-B

                	
                  Variable(2)

                	
                  $

                	
                  71,807.00
                    

                	
                  August
                    2036

                
	
                  2-113-A

                	
                  Variable(2)

                	
                  $

                	
                  69,582.50
                    

                	
                  August
                    2036

                
	
                  2-113-B

                	
                  Variable(2)

                	
                  $

                	
                  69,582.50
                    

                	
                  August
                    2036

                
	
                  2-114-A

                	
                  Variable(2)

                	
                  $

                	
                  67,430.50
                    

                	
                  August
                    2036

                
	
                  2-114-B

                	
                  Variable(2)

                	
                  $

                	
                  67,430.50
                    

                	
                  August
                    2036

                
	
                  2-115-A

                	
                  Variable(2)

                	
                  $

                	
                  65,341.50
                    

                	
                  August
                    2036

                
	
                  2-115-B

                	
                  Variable(2)

                	
                  $

                	
                  65,341.50
                    

                	
                  August
                    2036

                
	
                  2-116-A

                	
                  Variable(2)

                	
                  $

                	
                  63,312.00
                    

                	
                  August
                    2036

                
	
                  2-116-B

                	
                  Variable(2)

                	
                  $

                	
                  63,312.00
                    

                	
                  August
                    2036

                
	
                  2-117-A

                	
                  Variable(2)

                	
                  $

                	
                  61,347.50
                    

                	
                  August
                    2036

                
	
                  2-117-B

                	
                  Variable(2)

                	
                  $

                	
                  61,347.50
                    

                	
                  August
                    2036

                
	
                  2-118-A

                	
                  Variable(2)

                	
                  $

                	
                  1,099,900.50
                    

                	
                  August
                    2036

                
	
                  2-118-B

                	
                  Variable(2)

                	
                  $

                	
                  1,099,900.50
                    

                	
                  August
                    2036

                
	
                  2-119-A

                	
                  Variable(2)

                	
                  $

                	
                  787,814.50
                    

                	
                  August
                    2036

                
	
                  2-119-B

                	
                  Variable(2)

                	
                  $

                	
                  787,814.50
                    

                	
                  August
                    2036

                
	
                  2-Non-Swap

                	
                  Variable(2)

                	
                  $

                	
                  113,748,636.52

                	
                  August
                    2036

                
	
                  P-M

                	
                  Variable(2)

                	
                  $

                	
                  100.00
                    

                	
                  August
                    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
                  Mortgage Loan in Loan Group 2 with the latest possible maturity
                  date has
                  been designated as the “latest possible maturity date” for each REMIC 2
                  Regular Interest.

              

      

      
        	
                (2)

              	
                Calculated
                  in accordance with the definition of “Uncertificated REMIC 2 Pass-Through
                  Rate” in this Agreement.

              

      

       

      REMIC
        3

       

      As
        provided in this Agreement, the Trustee will make an election to treat the
        segregated pool of assets consisting of the REMIC 1 Regular Interests and
        the
        REMIC 2 Regular Interests as a REMIC for federal income tax purposes, and
        such
        segregated pool of assets will be designated as “REMIC 3”. The Class R-3
        Interest will represent the sole class of Residual Interests in REMIC 3 for
        purposes of the REMIC Provisions. The following table irrevocably sets forth
        the
        designation, the Uncertificated REMIC 3 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 3 Regular Interests (as defined herein). None of the REMIC
        3
        Regular Interests will be certificated.

       

      
        
          	
                  Designation

                	
                  Uncertificated
                    REMIC 3

                  Pass-Through
                    Rate

                	
                  Initial
                    Uncertificated

                  Principal
                    Balance

                	
                  Latest
                    Possible

                  Maturity
                    Date(1)

                
	
                  1-AA

                	
                  Variable(2)

                	
                  $

                	
                  573,117,376.17
                    

                	
                  August
                    2036

                
	
                  1-A1-1

                	
                  Variable(2)

                	
                  $

                	
                  3,140,000.00
                    

                	
                  August
                    2036

                
	
                  1-A1-2

                	
                  Variable(2)

                	
                  $

                	
                  348,890.00
                    

                	
                  August
                    2036

                
	
                  1-A2-A

                	
                  Variable(2)

                	
                  $

                	
                  793,840.00
                    

                	
                  August
                    2036

                
	
                  1-A2-B

                	
                  Variable(2)

                	
                  $

                	
                  859,210.00
                    

                	
                  August
                    2036

                
	
                  1-A2-C

                	
                  Variable(2)

                	
                  $

                	
                  250,040.00
                    

                	
                  August
                    2036

                
	
                  1-M-1

                	
                  Variable(2)

                	
                  $

                	
                  114,040.00
                    

                	
                  August
                    2036

                
	
                  1-M-2

                	
                  Variable(2)

                	
                  $

                	
                  73,100.00
                    

                	
                  August
                    2036

                
	
                  1-M-3

                	
                  Variable(2)

                	
                  $

                	
                  46,780.00
                    

                	
                  August
                    2036

                
	
                  1-M-4

                	
                  Variable(2)

                	
                  $

                	
                  29,240.00
                    

                	
                  August
                    2036

                
	
                  1-M-5

                	
                  Variable(2)

                	
                  $

                	
                  29,240.00
                    

                	
                  August
                    2036

                
	
                  1-M-6

                	
                  Variable(2)

                	
                  $

                	
                  29,240.00
                    

                	
                  August
                    2036

                
	
                  1-M-7

                	
                  Variable(2)

                	
                  $

                	
                  29,240.00
                    

                	
                  August
                    2036

                
	
                  1-M-8

                	
                  Variable(2)

                	
                  $

                	
                  29,240.00
                    

                	
                  August
                    2036

                
	
                  1-B

                	
                  Variable(2)

                	
                  $

                	
                  29,240.00
                    

                	
                  August
                    2036

                
	
                  1-ZZ

                	
                  Variable(2)

                	
                  $

                	
                  5,894,932.98
                    

                	
                  August
                    2036

                
	
                  1-IO

                	
                  Variable(2)

                	 	
                  (3)

                	
                  August
                    2036

                
	
                  P-R

                	
                  Variable(2)

                	
                  $

                	
                  100.00

                	
                  August
                    2036

                
	
                  2-AA

                	
                  Variable(2)

                	
                  $

                	
                  244,195,637.09
                    

                	
                  August
                    2036

                
	
                  2-A-1

                	
                  Variable(2)

                	
                  $

                	
                  1,619,660.00
                    

                	
                  August
                    2036

                
	
                  2-A-2

                	
                  Variable(2)

                	
                  $

                	
                  421,110.00
                    

                	
                  August
                    2036

                
	
                  2-M-1

                	
                  Variable(2)

                	
                  $

                	
                  89,700.00
                    

                	
                  August
                    2036

                
	
                  2-M-2

                	
                  Variable(2)

                	
                  $

                	
                  104,660.00
                    

                	
                  August
                    2036

                
	
                  2-M-3

                	
                  Variable(2)

                	
                  $

                	
                  127,080.00
                    

                	
                  August
                    2036

                
	
                  2-B

                	
                  Variable(2)

                	
                  $

                	
                  27,410.00
                    

                	
                  August
                    2036

                
	
                  2-ZZ

                	
                  Variable(2)

                	
                  $

                	
                  2,593,964.43
                    

                	
                  August
                    2036

                
	
                  2-IO

                	
                  Variable(2)

                	 	
                  (3)

                	
                  August
                    2036

                
	
                  P-M

                	
                  Variable(2)

                	
                  $

                	
                  100.00

                	
                  August
                    2036

                

        

      

      ___________________

      
        	
                (1)

              	
                For
                  purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations,
                  the
                  Distribution Date immediately following the maturity date for the
                  Mortgage
                  Loan in Loan Group 1 with the latest maturity date has been designated
                  as
                  the “latest possible maturity date” for each REMIC 3 Group 1 Regular
                  Interest (as defined herein), and the Distribution Date immediately
                  following the maturity date for the Mortgage Loan in Loan Group
                  2 with the
                  latest maturity date has been designated as the “latest possible maturity
                  date” for each REMIC 3 Group 2 Regular Interest (as defined
                  herein).

              

      

      (2)            Calculated
        in accordance with the definition of “Uncertificated REMIC 3 Pass-Through Rate”
in this Agreement.

      
        	
                (3)

              	
                REMIC
                  3 Regular Interest 1-IO and REMIC 3 Regular Interest 2-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
        4

       

      As
        provided in this Agreement, the Trustee will make an election to treat the
        segregated pool of assets consisting of the REMIC 3 Regular Interests 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 will represent the sole class of
        Residual Interests in REMIC 4 for purposes of the REMIC Provisions.

       

      The
        following table irrevocably sets forth the designation, the Pass-Through
        Rate,
        the Initial 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 and interests that represents ownership of
        one or more of the Regular Interests in REMIC 4 created hereunder.

       

      Each
        Certificate, other than the Class C Certificates (as defined herein) and
        the
        Class R Certificates, represents ownership of a Regular Interest in REMIC
        4 and
        also represents (i) the right to receive certain amounts specified herein
        in
        respect of related Net
        WAC
        Shortfall 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 such Certificate shall be equal in amount
        and
        timing to the entitlement to principal of such Certificate. Each of the Class
        C-R Certificates and the Class C-M Certificates represents ownership of a
        Regular Interest in REMIC 4 and also represents (i) the obligation to pay
        certain amounts specified herein in respect of related Net WAC Shortfall
        Amounts
        and (ii) the right to receive related Class IO Distribution
        Amounts.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      
        	
                Class
                  Designation

              	
                Initial
                  Certificate Principal Balance

              	
                Pass-Through
                  Rate

              	
                Assumed
                  Final Maturity Date(1)

              
	
                Class
                  1-A1-1(4)

              	
                $

              	
                314,000,000

              	
                Variable(2)

              	
                August
                  2036

              
	
                Class
                  1-A1-2(4)

              	
                $

              	
                34,889,000

              	
                Variable(2)

              	
                August
                  2036

              
	
                Class
                  1-A2-A(4)

              	
                $

              	
                79,384,000

              	
                Variable(2)

              	
                August
                  2036

              
	
                Class
                  1-A2-B(4)

              	
                $

              	
                85,921,000

              	
                Variable(2)

              	
                August
                  2036

              
	
                Class
                  1-A2-C(4)

              	
                $

              	
                25,004,000

              	
                Variable(2)

              	
                August
                  2036

              
	
                Class
                  2-A-1(4)

              	
                $

              	
                161,966,000

              	
                Variable(2)

              	
                August
                  2036

              
	
                Class
                  2-A-2(4)

              	
                $

              	
                42,111,000

              	
                Variable(2)

              	
                August
                  2036

              
	
                Class
                  1-M-1(4)

              	
                $

              	
                11,404,000

              	
                Variable(2)

              	
                August
                  2036

              
	
                Class
                  1-M-2(4)

              	
                $

              	
                7,310,000

              	
                Variable(2)

              	
                August
                  2036

              
	
                Class
                  1-M-3(4)

              	
                $

              	
                4,678,000

              	
                Variable(2)

              	
                August
                  2036

              
	
                Class
                  1-M-4(4)

              	
                $

              	
                2,924,000

              	
                Variable(2)

              	
                August
                  2036

              
	
                Class
                  1-M-5(4)

              	
                $

              	
                2,924,000

              	
                Variable(2)

              	
                August
                  2036

              
	
                Class
                  1-M-6(4)

              	
                $

              	
                2,924,000

              	
                Variable(2)

              	
                August
                  2036

              
	
                Class
                  1-M-7(4)

              	
                $

              	
                2,924,000

              	
                Variable(2)

              	
                August
                  2036

              
	
                Class
                  1-M-8(4)

              	
                $

              	
                2,924,000

              	
                Variable(2)

              	
                August
                  2036

              
	
                Class
                  2-M-1(4)

              	
                $

              	
                8,970,000

              	
                Variable(2)

              	
                August
                  2036

              
	
                Class
                  2-M-2(4)

              	
                $

              	
                10,466,000

              	
                Variable(2)

              	
                August
                  2036

              
	
                Class
                  2-M-3(4)

              	
                $

              	
                12,708,000

              	
                Variable(2)

              	
                August
                  2036

              
	
                Class
                  1-B(4)

              	
                $

              	
                2,924,000

              	
                Variable(2)

              	
                August
                  2036

              
	
                Class
                  2-B(4)

              	
                $

              	
                2,741,000

              	
                Variable(2)

              	
                August
                  2036

              
	
                Class
                  C-R 

              	
                $

              	
                4,679,649.15(3)

              	
                Variable(2)

              	
                August
                  2036

              
	
                Class
                  C-M 

              	
                $

              	
                10,217,221.52(3)

              	
                Variable(2)

              	
                August
                  2036

              
	
                Class
                  P-R 

              	
                $

              	
                100.00

              	
                N/A(5)

              	
                August
                  2036

              
	
                Class
                  P-M 

              	
                $

              	
                100.00

              	
                N/A(5)

              	
                August
                  2036

              
	
                Class
                  1-IO Interest

              	 	
                (6)

              	
                (7)

              	
                August
                  2036

              
	
                Class
                  2-IO Interest

              	 	
                (6)

              	
                (7)

              	
                August
                  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
                  Mortgage Loan in Loan Group 1 with the latest maturity date has
                  been
                  designated as the “latest possible maturity date” for each Regular
                  Interest in REMIC 4 the ownership of which is represented by the
                  Class
                  1-A, Class 1-B, Class 1-M, Class C-R and Class P-R Certificates
                  and the
                  Class 1-IO Interest, and the Distribution Date in the month following
                  the
                  maturity date for the Mortgage Loan in Loan Group 2 with the latest
                  maturity date has been designated as the “latest possible maturity date”
                  for each Regular Interest in REMIC 4 the ownership of which is
                  represented
                  by the Class 2-A, Class 2-B, Class 2-M, Class C-M and Class P-M
                  Certificates and the Class 2-IO Interest.

              

      

      
        	
                (2)

              	
                Calculated
                  in accordance with the definition of “Pass-Through Rate” in this
                  Agreement. Each
                  Regular Interest in REMIC 4 which corresponds to a Class A, Class
                  B or
                  Class M Certificate will have the same Pass-Through Rate as such
                  Certificate, except with respect to the related Net WAC Rate. The
                  Net WAC
                  Rate for each such Regular Interest in REMIC 4 and Certificate
                  is
                  specified in the related definition of “Net WAC Rate
                  .”

              

      

      
        	
                (3)

              	
                The
                  Class C-R Certificates and Class C-M Certificates will not accrue
                  interest
                  on their Certificate Principal Balances, but will accrue interest
                  at their
                  variable Pass-Through Rates on their Notional Balances outstanding
                  from
                  time to time, which shall equal the aggregate Uncertificated Principal
                  Balance of the REMIC 3 Group 1 Regular Interests or the REMIC 3
                  Group 2
                  Regular Interests, respectively (other than REMIC 3 Regular Interests
                  P-R
                  and P-M). 

              

      

      
        	
                (4)

              	
                This
                  Class of Certificates represents ownership of a Regular Interest
                  in REMIC
                  4. 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 4 on such Distribution Date shall be
                  treated for
                  federal income tax purposes as having been paid from the related
                  Net WAC
                  Shortfall Reserve Fund or the related Supplemental Interest Trust,
                  as
                  applicable, and any amount distributable on the related Regular
                  Interest
                  in REMIC 4 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
                  4.09
                  hereof.

              

      

      
        	
                (5)

              	
                The
                  Class P-R Certificates and Class P-M Certificates do not accrue
                  interest.

              

      

      
        	
                (6)

              	
                The
                  Class 1-IO Interest and Class 2-IO Interest will not have Uncertificated
                  Principal Balances, but will have notional amounts equal to the
                  Uncertificated Notional Amounts of REMIC 3 Regular Interest 1-IO
                  and REMIC
                  3 Regular Interest 2-IO,
                  respectively.

              

      

      
        	
                (7)

              	
                The
                  Class 1-IO Interest and Class 2-IO Interest will not have Pass-Through
                  Rates, but will be entitled to 100% of the amounts distributed
                  on REMIC 3
                  Regular Interest 1-IO and REMIC 3 Regular Interest 2-IO,
                  respectively.

              

      

      

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

       

      ARTICLE
        I

       

      DEFINITIONS

       

      
        	Section
                1.01.  	
                Defined
                  Terms.

              

      

       

      
        Whenever
          used in this Agreement, 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 Class
          A,
          Class M and Class B Certificates shall accrue on the basis of a 360-day
          year and
          the actual number of days in the related Accrual Period. All calculations
          of
          interest on the Class C Certificates will be made on the basis of a 360-day
          year
          consisting of twelve 30-day months. The Class P-R, Class P-M and Class
          R
          Certificates do not accrue interest.

         

        “Accrual
          Period”: With respect to each Class of Certificates (other than the Class C,
          Class P-M, Class P-R and Class R Certificates), (i) with respect to the
          distribution date in July 2006, the period commencing on the Closing Date
          and
          ending on the day preceding the Distribution Date in July 2006, and (ii)
          with
          respect to any Distribution Date after the Distribution Date in July 2006,
          the
          period commencing on the Distribution Date in the month immediately preceding
          the month in which such Distribution Date occurs and ending on the day
          preceding
          such Distribution Date. With respect to the Class C Certificates and any
          Distribution Date, the calendar month immediately preceding such Distribution
          Date.

         

        “Adjustment
          Date”: As to each adjustable-rate Mortgage Loan, each date set forth in the
          related Mortgage Note on which an adjustment to the interest rate on such
          Mortgage Loan becomes effective.

         

      

      “Advance”:
        As to any Mortgage Loan, any advance made by the Sub-Servicer or Master Servicer
        on any Distribution Date pursuant to Section 4.03.

       

      “Affected
        Party”: As defined in the related Interest Rate Swap Agreement.

       

      “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.

       

      “Aggregate
        Stated Principal Balance”: As of any date of determination, the aggregate Stated
        Principal Balance of the Mortgage Loans.

       

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

       

      “Allocated
        Realized Loss Amount”: With respect to any Class of Offered Certificates and any
        Distribution Date, an amount equal to the sum of any Realized Loss allocated
        to
        that Class of Certificates on that Distribution Date and any Allocated Realized
        Loss Amount for that Class remaining unpaid from any previous Distribution
        Date,
        minus any Subsequent Recoveries applied to such Allocated Realized Loss
        Amount.

       

      “Assessment
        of Compliance” As defined in Section 3.20.

       

      “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 of record the sale of
        the
        Mortgage.

       

      “Attestation
        Report” As defined in Section 3.20.

      

        “Available
          Distribution Amount”: With respect to any Distribution Date and any Loan Group,
          an amount equal to the amount received by the Trustee and available in
          the
          Certificate Account on that Distribution Date. The Available Distribution
          Amount
          will be equal to (i) the sum of (1) the aggregate amount of scheduled payments
          on the related Mortgage Loans received or advanced that were due during
          the
          related Due Period and (2) any unscheduled payments and receipts, including
          mortgagor prepayments on such Mortgage Loans, Insurance Proceeds, Liquidation
          Proceeds and Subsequent Recoveries, received during the related Prepayment
          Period, in each case net of amounts reimbursable therefrom to the Trustee,
          the
          Master Servicer and any Sub-Servicer, minus (ii) (1) Master Servicing Fees,
          Subservicing Fees, any amounts needed to reimburse the Securities Administrator
          or the Master Servicer for amounts due under the Servicing Agreement and
          this
          Agreement to the extent such amounts have not been retained by, or paid
          previously to the Securities Administrator or the Master Servicer, and
          any
          amounts in respect of the premiums payable to the PMI Insurer under the
          PMI
          Insurer Policy and (2) amounts payable by the trust to the related Supplemental
          Interest Trust in respect of related Net Swap Payments and related Swap
          Termination Payments other than Swap Termination Payments resulting from
          a Swap
          Provider Trigger Event.

         

      

      “Bankruptcy
        Code”: The Bankruptcy Code of 1978, as amended.

       

      “Basic
        Principal Distribution Amount”: With respect to any Distribution Date and any
        Loan Group, the excess of (i) the related Principal Remittance Amount for
        such
        Distribution Date over (ii) the related Overcollateralization Release Amount,
        if
        any, for such Distribution Date.

       

      “Book-Entry
        Certificate”: Each class of the Offered Certificates for so long as they are
        issued, maintained and transferred at the Depository.

       

      “Business
        Day”: Any day other than a Saturday, a Sunday or a day on which banking
        institutions in California or New York (and such other state or states in
        which
        the Custodial Account or the Certificate Account are at the time located)
        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 close.

       

      “Cash
        Liquidation”: As to any defaulted Mortgage Loan other than a Mortgage Loan as to
        which an REO Acquisition occurred, a determination by the Master Servicer
        that
        it has received all Insurance Proceeds, Liquidation Proceeds and other payments
        or cash recoveries which the Master Servicer reasonably and in good faith
        expects to be finally recoverable with respect to such Mortgage
        Loan.

       

      “Certificate”:
        Any Regular Certificate or Class R Certificate.

       

      “Certificate
        Account”: The trust account or accounts created and maintained pursuant to
        Section 4.01, which shall be entitled Deutsche Bank National Trust Company,
        in
        trust for registered holders of Impac Secured Assets Corp., Mortgage
        Pass-Through Certificates, Series 2006-2, and which account or accounts must
        each be an Eligible Account.

       

      “Certificate
        Account Deposit Date”: With respect to any Distribution Date, the Business Day
        immediately preceding such Distribution Date.

       

      “Certificate
        Margin” The Certificate Margin for the Offered Certificates, and for purposes of
        the definition of “Group 1 Marker Rate”, “Group 2 Marker Rate”, “Group 1 Maximum
        Uncertificated Accrued Interest Deferral Amount”, or “Group 2 Maximum
        Uncertificated Accrued Interest Deferral Amount”, each REMIC 3 Regular Interest
        for which such Certificates are Corresponding Certificates, shall
        be:

       

      

      
        	
                Certificate
                  Margin

              
	
                Class
                  

              	
                  (1)  

              	
                  (2)  

              
	
                1-A1-1

              	
                0.180%

              	
                0.360%

              
	
                1-A1-2

              	
                0.240%

              	
                0.480%

              
	
                1-A2-A

              	
                0.080%

              	
                0.160%

              
	
                1-A2-B

              	
                0.170%

              	
                0.340%

              
	
                1-A2-C

              	
                0.280%

              	
                0.560%

              
	
                2-A-1

              	
                0.350%

              	
                0.700%

              
	
                2-A-2

              	
                0.430%

              	
                0.860%

              
	
                1-M-1

              	
                0.330%

              	
                0.495%

              
	
                1-M-2

              	
                0.360%

              	
                0.540%

              
	
                1-M-3

              	
                0.380%

              	
                0.570%

              
	
                1-M-4

              	
                0.480%

              	
                0.720%

              
	
                1-M-5

              	
                0.510%

              	
                0.765%

              
	
                1-M-6

              	
                0.590%

              	
                0.885%

              
	
                1-M-7

              	
                1.100%

              	
                1.650%

              
	
                1-M-8

              	
                1.250%

              	
                1.875%

              
	
                2-M-1

              	
                0.500%

              	
                0.750%

              
	
                2-M-2

              	
                0.680%

              	
                1.020%

              
	
                2-M-3

              	
                1.100%

              	
                1.650%

              
	
                1-B

              	
                1.250%

              	
                1.875%

              
	
                2-B

              	
                1.100%

              	
                1.650%

              

      

      ______

      (1) Initially.

      (2) On
        and
        after the related Step-Up Date.

       

      “Certificate
        Owner”: With respect to a Book-Entry Certificate, the Person who is the
        beneficial owner of such Certificate, as reflected on the books of an indirect
        participating brokerage firm for which a Depository Participant acts as agent,
        if any, and otherwise on the books of a Depository Participant, if any, and
        otherwise on the books of the Depository.

       

      “Certificate
        Principal Balance”: With respect to any Certificate (other than the Class C-R,
        Class C-M and Class R Certificates) as of any date of determination, the
        Initial
        Certificate Principal Balance thereof, increased by any Subsequent Recoveries
        allocated thereto, and reduced by the aggregate of (a) all amounts allocable
        to
        principal previously distributed with respect to such Certificate and (b)
        any
        reductions in the Certificate Principal Balance thereof deemed to have occurred
        in connection with allocations of Realized Losses in the manner described
        herein. With respect to the Class C-R 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 3 Group 1 Regular Interests,
        over
        (B) the then aggregate Certificate Principal Balance of the Class 1-A, Class
        1-B, Class 1-M and Class P-R Certificates then outstanding. With respect
        to the
        Class C-M 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 3 Group 2 Regular Interests, over (B) the then aggregate Certificate
        Principal Balance of the Class 2-A, Class 2-B, Class 2-M and Class P-M
        Certificates then outstanding.

       

      “Certificate
        Register”: The register maintained pursuant to Section 5.02.

       

      “Certificateholder”
        or “Holder”: The Person in whose name a Certificate is registered in the
        Certificate Register, except that only a Permitted Transferee shall be a
        holder
        of a Residual Certificate for any purposes 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 Master Servicer or any affiliate thereof
        shall
        be deemed not to be outstanding and the Voting Rights to which such Certificate
        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 shall
        be
        entitled to rely upon a certification of the Depositor or the Master Servicer
        in
        determining if any Certificates are registered in the name of the respective
        affiliate. All references in this Agreement 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 in this Agreement; provided,
        however,
        that
        the Trustee shall be required to recognize as a “Holder” or “Certificateholder”
only the Person in whose name a Certificate is registered in the Certificate
        Register.

       

      “Class”:
        Collectively, all of the Certificates bearing the same designation.

       

      “Class
        1-A Certificates”: The Class 1-A1-1, Class 1-A1-2, Class 1-A2-A, Class 1-A2-B
        and Class 1-A2-C Certificates.

       

      “Class
        1-A Principal Distribution Amount”: For any Distribution Date will equal the
        excess of (1) the aggregate Certificate Principal Balance of the Class 1-A
        Certificates immediately prior to such Distribution Date, over (2) the lesser
        of
        (x) 84.40% of the aggregate Stated Principal Balance of the Group 1 Loans
        for
        such Distribution Date after giving effect to distributions to be made on
        that
        Distribution Date and (y) the aggregate Stated Principal Balance of the Group
        1
        Loans for such Distribution Date after giving effect to distributions to
        be made
        on that Distribution Date minus the Group 1 Overcollateralization
        Floor.

       

      “Class
        1-A1 Certificates”: The Class 1-A1-1 Certificates and Class 1-A1-2
        Certificates.

       

      “Class
        1-A2 Certificates”: The Class 1-A2-A, Class 1-A2-B and Class 1-A2-C
        Certificates.

       

      “Class
        1-IO Interest”: An uncertificated interest in the Trust Fund held by the Trustee
        on behalf of the Group 1 Supplemental Interest Trust, evidencing a Regular
        Interest in REMIC 4 for purposes of the REMIC Provisions.

       

      “Class
        1-M Certificates”: The Class 1-M-1, Class 1-M-2, Class 1-M-3, Class 1-M-4, Class
        1-M-5, Class 1-M-6, Class 1-M-7 and Class 1-M-8 Certificates.

       

      “Class
        2-A Certificates”: The Class 2-A-1 Certificates and Class 2-A-2
        Certificates.

       

      “Class
        2-A Principal Distribution Amount”: For any Distribution Date will equal the
        excess of (1) the aggregate Certificate Principal Balance of the Class 2-A
        Certificates immediately prior to such Distribution Date, over (2) the lesser
        of
        (x) 62.20% of the aggregate Stated Principal Balance of the Group 2 Loans
        for
        such Distribution Date after giving effect to distributions to be made on
        that
        Distribution Date and (y) the aggregate Stated Principal Balance of the Group
        2
        Loans for such Distribution Date after giving effect to distributions to
        be made
        on that Distribution Date minus the Group 2 Overcollateralization
        Floor.

       

      “Class
        2-IO Interest”: An uncertificated interest in the Trust Fund held by the Trustee
        on behalf of the Group 2 Supplemental Interest Trust, evidencing a Regular
        Interest in REMIC 4 for purposes of the REMIC Provisions. 

       

      “Class
        2-M Certificates”: The Class 2-M-1, Class 2-M-2 and Class 2-M-3
        Certificates.

       

      “Class
        A
        Certificates”: The Class 1-A Certificates and Class 2-A
        Certificates.

       

      “Class
        B
        Certificates”: The Class 1-B Certificates and Class 2-B
        Certificates.

       

      “Class
        C
        Certificates ”: The Class C-R Certificates and Class C-M
        Certificates.

       

      “Class
        C-M Distribution Amount”: With respect to any Distribution Date, the sum of (i)
        the Monthly Interest Distributable Amount for the Class C-M Certificates
        for
        such Distribution Date, (ii) any Group 2 Overcollateralization Release Amount
        for such Distribution Date and (iii) without duplication, any Subsequent
        Recoveries related to Loan Group 2 not distributed to the Class 2-A, Class
        2-B
        and Class 2-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 2-A, Class 2-B and Class 2-M Certificates
        have
        been reduced to zero, the Class C-M Distribution Amount shall include the
        Group
        2 Overcollateralization Amount.

       

      “Class
        C-R Distribution Amount”: With respect to any Distribution Date, the sum of (i)
        the Monthly Interest Distributable Amount for the Class C-R Certificates
        for
        such Distribution Date, (ii) any Group 1 Overcollateralization Release Amount
        for such Distribution Date and (iii) without duplication, any Subsequent
        Recoveries related to Loan Group 1 not distributed to the Class 1-A, Class
        1-B
        and Class 1-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 1-A, Class 1-B and Class 1-M Certificates
        have
        been reduced to zero, the Class C-R Distribution Amount shall include the
        Group
        1 Overcollateralization Amount.

       

      “Class
        IO
        Interests”: The Class 1-IO Interest and Class 2-IO Interest.

       

      “Class
        IO
        Distribution Amount”: Any of the Group 1 Class IO Distribution Amount or the
        Group 2 Class IO Distribution Amount.

       

      “Class
        M
        Certificates”: The Class 1-M Certificates and 2-M Certificates.

       

      “Class
        P
        Certificates ”: The Class P-R Certificates and Class P-M
        Certificates.

       

      “Class
        R
        Certificate”: Any one of the Class R Certificates as designated on the face
        thereof substantially in the form annexed hereto as Exhibit B-4, evidencing
        the
        ownership of the Class R-1 Interest, Class R-2 Interest, Class R-3 Interest
        and
        Class R-4 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.

       

      “Closing
        Date”: June 29, 2006.

       

      “Code”:
        The Internal Revenue Code of 1986.

       

      “Collateral
        Value”: The appraised value of a Mortgaged Property based upon the lesser of (i)
        the appraisal (as reviewed and approved by the Sponsor) made at the time
        of the
        origination of the related Mortgage Loan, or (ii) the sales price of such
        Mortgaged Property at such time of origination. With respect to a Mortgage
        Loan
        the proceeds of which were used to refinance an existing mortgage loan, the
        appraised value of the Mortgaged Property based upon the appraisal (as reviewed
        and approved by the Sponsor) obtained at the time of refinancing.

       

      “Commission”:
        The Securities and Exchange Commission.

       

      “Compensating
        Interest”: With respect to any Distribution Date, any payments made by the
        Subservicer or the Master Servicer from its own funds to cover Prepayment
        Interest Shortfalls, which shall be equal to the lesser of the sum of the
        Master
        Servicing and Subservicing Fees (not including such portion that represents
        the
        Excess Servicing Strip) for the related Distribution Date, and the Prepayment
        Interest Shortfall for such Distribution Date.

       

      “Corporate
        Trust Office”: The principal corporate trust office of the Trustee at which at
        any particular time its corporate trust business related to this Agreement
        shall
        be administered, which office at the date of the execution of this Agreement
        is
        located at 1761 East St. Andrew Place, Santa Ana, California 92705, Attention:
        Corporate Trust, Impac Secured Assets Corp. Series 2006-2 (IM06S2).

       

      “Corresponding
        Certificate”: With respect to each REMIC 3 Regular Interest (other than REMIC 3
        Regular Interest 1-AA, 2-AA, 1-ZZ, 2-ZZ, 1-IO and 2-IO), the Certificate
        with
        the corresponding designation. With respect to each REMIC 4 Regular Interest
        (other than the Class IO Interests), the related Certificate representing
        an
        ownership therein.

       

      “Credit
        Enhancement Percentage”: For any Distribution Date and any Loan Group, the
        percentage equivalent of a fraction, the numerator of which is equal to (x)
        the
        excess of (i) the Aggregate Stated Principal Balance of the related Mortgage
        Loans for the preceding Distribution Date over (ii) (1) before the Certificate
        Principal Balances of the related Class A Certificates have been reduced
        to
        zero, the sum of the Certificate Principal Balances of the related Class
        A
        Certificates, or (2) after such time, the Certificate Principal Balance of
        the
        most senior class of related Subordinate Certificates outstanding, as of
        the
        preceding Distribution Date, and the denominator of which is equal to (y)
        the
        Aggregate Stated Principal Balance of the related Mortgage Loans, calculated
        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.

       

      “Current
        Report”: The Current Report pursuant to Section 13 or 15(d) of the Exchange
        Act.

       

      “Custodial
        Account”: The custodial account or accounts created and maintained pursuant to
        Section 3.10 in the name of a depository institution, as custodian for the
        Holders of the Certificates. Any such account or accounts shall be an Eligible
        Account.

       

      “Custodian”:
        Deutsche Bank National Trust Company.

       

      “Cut-off
        Date”: With respect to the Mortgage Loans, June 1, 2006. References herein to
        the “Cut-off Date,” when used with respect to more than one Mortgage Loan, shall
        be to the respective Cut-off Dates for such Mortgage Loans.

       

      “Cut-off
        Date Balance”: The Aggregate Stated Principal Balance of the Mortgage Loans as
        of the Cut-off Date.

       

      “Debt
        Service Coverage Ratio”: With respect to any multifamily loan at any given time,
        the ratio of (i) the net cashflow of the related mortgaged property for a
        twelve
        month period to (ii) the annualized scheduled payments on the mortgage loan.
        

       

      “Defaulted
        Mortgage Loan” means any Mortgage Loan as to which the Mortgagor has failed to
        make unexcused three or more consecutive scheduled Monthly
        Payments.

       

      “Defaulting
        Party”: As defined in the related Interest Rate 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 the Mortgage Loan, or any reduction in the
        amount
        of principal to be paid in connection with any scheduled Monthly Payment
        that
        constitutes a permanent forgiveness of principal, which valuation or reduction
        results from a proceeding under the Bankruptcy Code.

       

      “Definitive
        Certificate”: Any definitive, fully registered Certificate.

       

      “Deleted
        Mortgage Loan”: A Mortgage Loan replaced or to be replaced with a Qualified
        Substitute Mortgage Loan.

       

      “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.

       

      “Depositor”
        Impac Secured Assets Corp., or its successor in interest. 

       

      “Depository”:
        The Depository Trust Company, or any successor Depository hereafter named.
        The
        nominee of the initial Depository for purposes of registering those Certificates
        that are to be Book-Entry Certificates is Cede & Co. The Depository shall at
        all times be a “clearing corporation” as defined in Section 8-102(5) of the
        Uniform Commercial Code of the State of New York and a “clearing agency”
registered pursuant to the provisions of Section 17A of the Securities Exchange
        Act of 1934, as amended.

       

      “Depository
        Participant”: A broker, dealer, bank or other financial institutions 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 in which
        such Distribution Date occurs or, if such day is not a Business Day, on the
        immediately preceding Business Day.

       

      “Disqualified
        Organization”: Any organization defined as a “disqualified organization” under
        Section 860E(e)(5) of the Code, which includes any of the following: (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 (other
        than an instrumentality which is a corporation if all of its activities are
        subject to tax and, except for the Freddie Mac, a majority of its board of
        directors is not selected by such governmental unit), (ii) a foreign government,
        any international organization, or any agency or instrumentality of any of
        the
        foregoing, (iii) 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 (including the tax imposed by Section 511 of the Code
        on
        unrelated business taxable income), (iv) rural electric and telephone
        cooperatives described in Section 1381(a)(2)(C) of the Code and (v) any other
        Person so designated by the Trustee based upon an Opinion of Counsel that
        the
        holding of an Ownership Interest in a Class R Certificate by such Person
        may
        cause REMIC 1, REMIC 2, REMIC 3 or REMIC 4 or any Person having an Ownership
        Interest in any Class of Certificates (other than such Person) to incur a
        liability for any federal tax imposed under the Code that would not otherwise
        be
        imposed but for the Transfer of an Ownership Interest in a Class R Certificate
        to such Person. The terms “United States”, “State” and “international
        organization” shall have the meanings set forth in Section 7701 of the Code or
        successor provisions.

       

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

       

      “Distribution
        Report” The Asset-Backed Issuer Distribution Report pursuant to Section 13 or
        15(d) of the Exchange Act. 

       

      “Due
        Date”: With respect to each Mortgage Loan, the first day of the month of the
        related Distribution Date.

       

      “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 (or, with respect to the first Due Period, the day following the Cut-off
        Date) and ending on the first day of the month in which such Distribution
        Date
        occurs.

       

      “Eligible
        Account”: Any of (i) a segregated account maintained with a federal or state
        chartered depository institution (A) the short-term obligations of which
        are
        rated A-1+ or better by Standard & Poor's and P-1 by Moody's at the time of
        any deposit therein or if such account is maintained with PNC Bank, National
        Association, rated no less than A-1 by Standard & Poor’s and no less than
        P-1 by Moody’s or (B) insured by the FDIC (to the limits established by such
        Corporation), the uninsured deposits in which account are otherwise secured
        such
        that, as evidenced by an Opinion of Counsel (obtained by the Person requesting
        that the account be held pursuant to this clause (ii)) delivered to the Trustee
        prior to the establishment of such account, the Certificateholders will have
        a
        claim with respect to the funds in such account and a perfected first priority
        security interest against any collateral (which shall be limited to Permitted
        Investments, each of which shall mature not later than the Business Day
        immediately preceding the Distribution Date next following the date of
        investment in such collateral or the Distribution Date if such Permitted
        Investment is an obligation of the institution that maintains the Certificate
        Account, Insurance Account or Custodial Account) securing such funds that
        is
        superior to claims of any other depositors or general creditors of the
        depository institution with which such account is maintained, (ii) a segregated
        trust account or accounts maintained with a federal or state chartered
        depository institution or trust company subject to regulations regarding
        fiduciary funds on deposit similar to Title 12 of the Code of Federal
        Regulations Section 9.10(b), which, in either case, has corporate trust powers,
        acting in its fiduciary capacity or (iii) a segregated account or accounts
        of a
        depository institution acceptable to the Rating Agencies (as evidenced in
        writing by the Rating Agencies that use of any such account as the Custodial
        Account or the Certificate Account will not have an adverse effect on the
        then-current ratings assigned to the Classes of the Certificates then rated
        by
        the Rating Agencies). Eligible Accounts may bear interest.

       

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

       

      “Excess
        Proceeds”: As defined in Section 3.22.

       

      “Excess
        Servicing Strip”: With
        respect to any Group 2 Loan that has not become a Specially Serviced Multifamily
        Loan, that portion of the related Sub-Servicing Fee computed at a rate equal
        to
        the excess of (a) 0.25% (25 basis points) per annum over (b) 0.14% (14 basis
        points) per annum. With respect to any Group 2 Loan that has become a Specially
        Serviced Multifamily Loan, that portion of the related Sub-Servicing Fee
        computed at a rate equal to the excess of (a) 0.75% ( 75 basis points) per
        annum
        over (b) 0.64% (64 basis points) per annum.

       

      “Exchange
        Act”: The Securities Exchange Act of 1934, as amended, and the rules and
        regulations promulgated thereunder.

       

      “Extra
        Principal Distribution Amount”: With respect to any Distribution Date and Loan
        Group, the lesser of (x) the related Overcollateralization Deficiency Amount
        for
        such Distribution Date and (y) the sum of (1) the related Net Monthly Excess
        Cashflow Amount for such Distribution Date and (2) amounts available from
        the
        related Supplemental Interest Trust to pay principal as provided in Sections
        4.01(n)(iii) and 4.01(o)(iii), as applicable, hereof.

       

      “Fannie
        Mae” Fannie Mae (formerly, Federal National Mortgage Association) or any
        successor thereto.

       

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

       

      “Final
        Scheduled Distribution Date”: The Distribution Date occurring in August
        2036.

       

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

       

      “GMAC”:
        GMAC Mortgage Corporation, or an Affiliate thereof.

       

      “Gross
        Margin”: With respect to any Mortgage Loan, the percentage set forth as the
“Gross Margin” for such Mortgage Loan on the Mortgage Loan Schedule, as adjusted
        from time to time in accordance with the terms of this Agreement.

       

      “Group
        1
        Class IO Distribution Amount”: As defined in Section 4.09 hereof. For purposes
        of clarity, the Group 1 Class IO Distribution Amount for any Distribution
        Date
        shall equal the amount payable to the Group 1 Supplemental Interest Trust
        with
        respect to the Group 1 Interest Rate Swap Agreement pursuant to the fourth
        paragraph of Section 4.01(a) (except for the last sentence thereof) on such
        Distribution Date in excess of the amount payable on the Class 1-IO Interest
        on
        such Distribution Date, all as further provided in Section 4.09
        hereof.

       

      “Group
        1
        Interest Rate Swap Agreement”: An interest rate swap agreement, dated as of June
        29, 2006, between Deutsche Bank National Trust Company, as Trustee on behalf
        of
        the Group 1 Supplemental Interest Trust, and Wachovia Bank, National
        Association, as Group 1 Swap Provider for the benefit of the Class 1-A, Class
        1-M and Class 1-B Certificates, which agreement provides for Net Swap Payments
        and Swap Termination Payments to be paid, as provided therein, together with
        any
        schedules, confirmations or other agreements relating thereto, a form of
        which
        is attached hereto as Exhibit M.

       

      “Group
        1
        Loans”: The Mortgage Loans designated as Group 1 Loans on the Mortgage Loan
        Schedule.

       

      “Group
        1
        Marker Rate”: With respect to the Class C-R Certificates and any Distribution
        Date, a per annum rate equal to two (2) times the weighted average of the
        Uncertificated REMIC 3 Pass-Through Rates for each REMIC 3 Group 1 Regular
        Interest for which a Class 1-A, Class 1-M or Class 1-B Certificate is the
        Corresponding Certificate and REMIC 3 Regular Interest 1-ZZ, with the rate
        on
        each such REMIC 3 Group 1 Regular Interest (other than REMIC 3 Regular Interest
        1-ZZ) subject to a cap equal to the least of (i) LIBOR plus the Certificate
        Margin for the Corresponding Certificate for such Distribution Date, (ii)
        11.50%
        per annum and (iii) the Group 1 Net WAC Rate for the REMIC 4 Regular Interest
        the ownership of which is represented by the Corresponding Certificate for
        such
        Distribution Date for the purpose of this calculation, and with the rate
        on
        REMIC 3 Regular Interest 1-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 such REMIC 3 Group 1 Regular Interest (other than REMIC
        3
        Regular Interest 1-ZZ) 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
        1
        Maximum Uncertificated Accrued Interest Deferral Amount”: With respect to any
        Distribution Date, the excess of (i) the sum of (x) the accrued interest
        at the
        Uncertificated REMIC 3 Pass-Through Rate applicable to REMIC 3 Regular Interest
        1-ZZ for such Distribution Date on a balance equal to the Uncertificated
        Principal Balance of REMIC 3 Regular Interest 1-ZZ minus the REMIC 3 Group
        1
        Overcollateralized Amount, in each case for such Distribution Date and (y)
        1.00%
        of the accrued interest on REMIC 3 Regular Interest P-R at the applicable
        Uncertificated REMIC 3 Pass-Through Rate for such Distribution Date, over
        (ii)
        the aggregate amount of Uncertificated Accrued Interest for such Distribution
        Date on the REMIC 3 Group 1 Regular Interests for which the Class 1-A, Class
        1-B
        and Class 1-M Certificates are the Corresponding Certificates, with the rate
        on
        each such REMIC 3 Group 1 Regular Interest subject to a cap equal to the
        least
        of (1) LIBOR plus the Certificate Margin for the Corresponding Certificate
        for
        such Distribution Date, (2) 11.50% per annum and (3) the Group 1 Net WAC
        Rate
        for the REMIC 4 Regular Interest the ownership of which is represented by
        the
        Corresponding Certificate for such Distribution Date for the purpose of this
        calculation; provided, however, that solely for this purpose, the related
        cap
        with respect to each such REMIC 3 Group 1 Regular Interest 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
        1
        Net Mortgage Rate”: The weighted average of the Net Mortgage Rates of the Group
        1 Loans weighted on the basis of the aggregate Stated Principal Balances
        of the
        Group 1 Loans as of the related Due Date (prior to giving effect to any
        reduction in the Stated Principal Balances of such Mortgage Loans on such
        Due
        Date).

       

      “Group
        1
        Net WAC Rate”: With respect to the Class 1-A, Class 1-M and Class 1-B
        Certificates and any Distribution Date, a per annum rate equal to the excess,
        if
        any, of (A) a per annum rate equal to the Group 1 Net Mortgage Rate over
        (B) the
        sum of (1) a per annum rate equal to the Net Swap Payment (with respect to
        the
        Group 1 Interest Rate Swap Agreement) payable to the Group 1 Swap Provider
        on
        such Distribution Date, divided by the outstanding Stated Principal Balance
        of
        the Group 1 Loans as of the first day of the calendar month preceding the
        month
        in which the Distribution Date occurs, multiplied by 12, and (2) a per annum
        rate equal to any Swap Termination Payment with respect to the Group 1 Interest
        Rate Swap Agreement not due to a Swap Provider Trigger Event payable to the
        Group 1 Swap Provider on such Distribution Date, divided by the outstanding
        Stated Principal Balance of the Group 1 Loans as of the first day of the
        calendar month preceding the month in which the Distribution Date occurs,
        multiplied by 12. The Group 1 Net WAC Rate 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 4 Regular Interests, the ownership of which
        is
        represented by the Class 1-A, Class 1-M and Class 1-B 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 3
        Pass-Through Rates on the REMIC 3 Group 1 Regular Interests (other than REMIC
        3
        Regular Interest 1-IO), weighted on the basis of the Uncertificated Principal
        Balances of each such REMIC 3 Regular Interest immediately prior to such
        Distribution Date.

       

      “Group
        1
        Net WAC Shortfall Reserve Fund”: A reserve fund established by the Trustee for
        the benefit of the Holders of the Class 1-A, Class 1-M, Class 1-B and Class
        C-R
        Certificates, and funded on the Closing Date by or on behalf of the Depositor
        with an amount equal to the Group 1 Net WAC Shortfall Reserve Fund Deposit.
        The
        Group 1 Net WAC Shortfall Reserve Fund is an “outside reserve fund” within the
        meaning of Treasury regulation Section 1.860G-2(h), which is not an asset
        of any
        REMIC, the ownership of which is evidenced by the Class C-R Certificates
        and
        which is established and maintained pursuant to Section 4.08.

       

      “Group
        1
        Net WAC Shortfall Reserve Fund Deposit”: With respect to the Group 1 Net WAC
        Shortfall Reserve Fund, an amount equal to $5,000, which the Depositor shall
        fund initially pursuant to Section 4.08 hereof.

       

      “Group
        1
        Overcollateralization Deficiency Amount”: With respect to any Distribution Date,
        the amount, if any, by which the Group 1 Overcollateralization Target Amount
        exceeds the Group 1 Overcollateralized Amount on such Distribution Date (after
        giving effect to distributions in respect of the related Basic Principal
        Distribution Amount on such Distribution Date).

       

      “Group
        1
        Overcollateralization Floor”: With respect to any Distribution Date, 0.50% of
        the Cut-off Date Balance of the Group 1 Loans.

       

      “Group
        1
        Overcollateralization Release Amount”: With respect to any Distribution Date,
        the lesser of (x) the related Principal Remittance Amount for such Distribution
        Date and (y) the excess, if any, of (i) the Group 1 Overcollateralized Amount
        for such Distribution Date (assuming that 100% of the related Principal
        Remittance Amount is applied as a principal payment on such Distribution
        Date)
        over (ii) the Group 1 Overcollateralization Target Amount for such Distribution
        Date.

       

      “Group
        1
        Overcollateralization Target Amount”: With respect to any Distribution Date
        prior to the Group 1 Stepdown Date, 0.80% of the Cut-off Date Balance of
        the
        Group 1 Loans. With respect to any Distribution Date on or after the Group
        1
        Stepdown Date, the greater of (x) 1.60% of the aggregate Stated Principal
        Balance of the Group 1 Loans and (y) the Group 1 Overcollateralization Floor;
        provided, however, that if a Group 1 Trigger Event is in effect on any
        Distribution Date, the Group 1 Overcollateralization Target Amount will be
        equal
        to the Group 1 Overcollateralization Target Amount on the prior Distribution
        Date.

       

      “Group
        1
        Overcollateralized Amount”: For any Distribution Date, the amount, if any, by
        which (i) the aggregate principal balance of the related Mortgage Loans (after
        giving effect to scheduled payments of principal due during the related Due
        Period, to the extent received or advanced, unscheduled collections of principal
        received during the related Prepayment Period and any Realized Losses on
        the
        Mortgage Loans during the related Prepayment Period), exceeds (ii) the aggregate
        Certificate Principal Balance of the Class 1-A, Class 1-M, Class 1-B and
        the
        Class P-R Certificates as of such Distribution Date (after giving effect
        to
        distributions to be made on such Distribution Date).

       

      “Group
        1
        Step-Up Date”: The first Distribution Date following the first month in which
        the aggregate unpaid principal balance of the Group 1 Loans, and properties
        acquired in respect thereof, remaining in the trust has been reduced to less
        than or equal to 10% of the Cut-off Date Balance of the Group 1
        Loans.

       

      “Group
        1
        Stepdown Date”: The earlier of (i) the first Distribution Date on which the
        Certificate Principal Balances of the Class 1-A Certificates have been reduced
        to zero and (ii) the later to occur of (x) the Distribution Date occurring
        in
        July 2009 and (y) the first Distribution Date on which the aggregate Certificate
        Principal Balance of the Class 1-A Certificates (calculated for this purpose
        only after taking into account the receipt of principal on the related Mortgage
        Loans, but prior to any distribution of principal to the holders of the related
        Certificates) is less than or equal to approximately 84.40% of the aggregate
        principal balance of the Group 1 Loans, calculated 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.

       

      “Group
        1
        Subordinate Class Principal Distribution Amount”: For any class of Class 1-M-1,
        Class 1-M-2, Class 1-M-3, Class 1-M-4, Class 1-M-5, Class 1-M-6, Class 1-M-7,
        Class 1-M-8 and Class 1-B Certificates and any Distribution Date, the excess
        of
        (1) the sum of (a) the aggregate Certificate Principal Balance of the Class
        1-A
        Certificates (after taking into account distribution of the Class 1-A Principal
        Distribution Amount for such Distribution Date), (b) the aggregate Certificate
        Principal Balance of any class(es) of Class 1-M-1, Class 1-M-2, Class 1-M-3,
        Class 1-M-4, Class 1-M-5, Class 1-M-6, Class 1-M-7 and Class 1-M-8 that are
        senior to the subject class (in each case, after taking into account
        distribution of the Group 1 Subordinate Class Principal Distribution Amount(s)
        for such senior class(es) of Certificates for such Distribution Date) and
        (c)
        the Certificate Principal Balance of the subject class of Class 1-M-1, Class
        1-M-2, Class 1-M-3, Class 1-M-4, Class 1-M-5, Class 1-M-6, Class 1-M-7, Class
        1-M-8 and Class 1-B Certificates immediately prior to such Distribution Date
        over (2) the lesser of (a) the product of (x) 100% minus the Stepdown Target
        Subordination Percentage for the subject class of Certificates and (y) the
        aggregate Stated Principal Balance of the Group 1 Loans for such Distribution
        Date and (b) the aggregate Stated Principal Balance of the Group 1 Loans
        for
        such Distribution Date minus the Group 1 Overcollateralization Floor; provided,
        however, that if such class of Class 1-M-1, Class 1-M-2, Class 1-M-3, Class
        1-M-4, Class 1-M-5, Class 1-M-6, Class 1-M-7, Class 1-M-8 and Class 1-B
        Certificates is the only class of Group 1 Subordinate Certificates outstanding
        on such Distribution Date, that class will be entitled to receive the entire
        remaining related Principal Distribution Amount until the Certificate Principal
        Balance thereof is reduced to zero.

       

      “Group
        1
        Supplemental Interest Trust”: The corpus of a trust created pursuant to Section
        4.09 of this Agreement and designated as the “Group 1 Supplemental Interest
        Trust,” consisting of the Group 1 Interest Rate Swap Agreement, the Class 1-IO
        Interest and the Group 1 Swap Account. For the avoidance of doubt, the Group
        1
        Supplemental Interest Trust does not constitute a part of the Trust
        Fund.

       

      “Group
        1
        Swap Account”: As defined in Section 4.09(i).

       

      “Group
        1
        Swap Provider”: The swap provider under the Group 1 Swap Agreement either (a)
        entitled to receive payments from the Group 1 Supplemental Interest Trust
        from
        amounts payable by the Trust Fund with respect to the Group 1 Loans under
        this
        Agreement or (b) required to make payments to the Group 1 Supplemental Interest
        Trust for payment to the Trust Fund with respect to the Group 1 Loans, in
        either
        case pursuant to the terms of the Group 1 Interest Rate Swap Agreement, and
        any
        successor in interest or assign. Initially, the Group 1 Swap Provider shall
        be
        Wachovia Bank, National Association.

       

      “Group
        1
        Trigger Event”: A Group 1 Trigger Event is in effect with respect to any
        Distribution Date and the Group 1 Loans if:

       

      (1) the
        average three-month rolling percentage obtained by dividing (x) Aggregate
        Stated
        Principal Balance of Group 1 Loans that are 60 or more days delinquent
        (including for this purpose any such Mortgage Loans in foreclosure, Mortgage
        Loans with respect to which the related Mortgaged Property has been acquired
        by
        the trust, and Mortgage Loans discharged due to bankruptcy) by (y) the Aggregate
        Stated Principal Balance of the Mortgage Loans, in each case, as of the last
        day
        of the previous calendar month, exceeds 40.00% multiplied by the realted
        Credit
        Enhancement Percentage; or

       

      (2) the
        cumulative amount of Realized Losses incurred on the Group 1 Loans from the
        Cut-off Date through the end of the calendar month immediately preceding
        such
        Distribution Date divided by the Group 1 Cut-off Date Balance exceeds (i)
        0.30%
        with respect to the Distribution Date occurring in July 2008, plus an additional
        1/12th of 0.40% for each month thereafter up to and including the Distribution
        Date in June 2009, (ii) 0.70% with respect to the Distribution Date occurring
        in
        July 2009, plus an additional 1/12th of 0.55% for each month thereafter up
        to
        and including the Distribution Date in June 2010, (iii) 1.25% with respect
        to
        the Distribution Date occurring in July 2010, plus an additional 1/12th of
        0.55%
        for each month thereafter up to and including the Distribution Date in June
        2011, (iv) 1.80% with respect to the Distribution Date occurring in July
        2011,
        plus an additional 1/12th of 0.35% for each month thereafter up to and including
        the Distribution Date in June 2012 and (v) 2.15% with respect to any
        Distribution Date occurring in July 2012 and thereafter.

       

      For
        purposes of the foregoing calculation, a Mortgage Loan is considered “60 days”
delinquent if a payment due on the first day of a month has not been received
        by
        the second day of the second following month.

       

      “Group
        2
        Class IO Distribution Amount”: As defined in Section 4.09 hereof. For purposes
        of clarity, the Group 2 Class IO Distribution Amount for any Distribution
        Date
        shall equal the amount payable to the Group 2 Supplemental Interest Trust
        with
        respect to the Group 2 Interest Rate Swap Agreement pursuant the fourth
        paragraph of Section 4.01(a) (except for the last sentence thereof) on such
        Distribution Date in excess of the amount payable on the Class 2-IO Interest
        on
        such Distribution Date, all as further provided in Section 4.09
        hereof.

       

      “Group
        2
        Interest Rate Swap Agreement”: An interest rate swap agreement, dated as of June
        29, 2006, between Deutsche Bank National Trust Company, as Trustee on behalf
        of
        the Group
        2
        Supplemental Interest Trust, and Wachovia Bank, National Association, as
        Group 2
        Swap Provider for the benefit of the Class 2-A, Class 2-M and Class 2-B
        Certificates, which agreement provides for Net Swap Payments and Swap
        Termination Payments to be paid, as provided therein, together with any
        schedules, confirmations or other agreements relating thereto, a form of
        which
        is attached hereto as Exhibit M. 

       

      “Group
        2
        Loans”: The Mortgage Loans designated as Group 2 Loans on the Mortgage Loan
        Schedule.

       

      “Group
        2
        Marker Rate”: With respect to the Class C-M Certificates and any Distribution
        Date, a per annum rate equal to two (2) times the weighted average of the
        Uncertificated REMIC 3 Pass-Through Rates for each REMIC 3 Group 2 Regular
        Interest for which a Class 2-A, Class 2-M or Class 2-B Certificate is the
        Corresponding Certificate and REMIC 3 Regular Interest 2-ZZ, with the rate
        on
        each such REMIC 3 Group 2 Regular Interest (other than REMIC 3 Regular Interest
        2-ZZ) subject to a cap equal to the least of (i) LIBOR plus the Certificate
        Margin for the Corresponding Certificate for such Distribution Date, (ii)
        11.50%
        per annum and (iii) the Group 2 Net WAC Rate for the REMIC 4 Regular Interest
        the ownership of which is represented by the Corresponding Certificate for
        such
        Distribution Date for the purpose of this calculation, and with the rate
        on
        REMIC 3 Regular Interest 2-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 such REMIC 3 Group 2 Regular Interest (other than REMIC
        3
        Regular Interest 2-ZZ) 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
        2
        Maximum Uncertificated Accrued Interest Deferral Amount”: With respect to any
        Distribution Date, the excess of (i) the sum of (x) accrued interest at the
        Uncertificated REMIC 3 Pass-Through Rate applicable to REMIC 3 Regular Interest
        2-ZZ for such Distribution Date on a balance equal to the Uncertificated
        Principal Balance of REMIC 3 Regular Interest 2-ZZ minus the REMIC 3 Group
        2
        Overcollateralized Amount, in each case for such Distribution Date and (y)
        1.00%
        of the accrued interest on REMIC 3 Regular Interest P-M at the applicable
        Uncertificated REMIC 3 Pass-Through Rate for such Distribution Date, over
        (ii)
        the aggregate amount of Uncertificated Accrued Interest for such Distribution
        Date on the REMIC 3 Group 2 Regular Interests for which the Class 2-A, Class
        2-B
        and Class 2-M Certificates are the Corresponding Certificates, with the rate
        on
        each such REMIC 3 Group 1 Regular Interest subject to a cap equal to the
        least
        of (1) LIBOR plus the Certificate Margin for the Corresponding Certificate
        for
        such Distribution Date, (2) 11.50% per annum and (3) the Net WAC Rate for
        the
        REMIC 4 Regular Interest the ownership of which is represented by the
        Corresponding Certificate for such Distribution Date for the purpose of this
        calculation; provided, however, that solely for this purpose, the related
        cap
        with respect to each such REMIC 3 Group 2 Regular Interest 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
        2
        Net WAC Rate”: With respect to the Class 2-A, Class 2-M and Class 2-B
        Certificates and any Distribution Date, a per annum rate equal to the excess,
        if
        any, of (A) a per annum rate equal to the weighted average of the Net Mortgage
        Rates of the Group 2 Loans as of the first day of the month preceding the
        month
        in which such Distribution Date occurs over (B) the sum of (1) a per annum
        rate
        equal to the Net Swap Payment (with respect to the Group 2 Interest Rate
        Swap
        Agreement) payable to the Group 2 Swap Provider on such Distribution Date,
        divided by the outstanding Stated Principal Balance of the Group 2 Loans
        as of
        the first day of the calendar month preceding the month in which the
        Distribution Date occurs, multiplied by 12, and (2) a per annum rate equal
        to
        any Swap Termination Payment with respect to the Group 2 Interest Rate Swap
        Agreement not due to a Swap Provider Trigger Event payable to the Group 2
        Swap
        Provider on such Distribution Date, divided by the outstanding Stated Principal
        Balance of the Group 2 Loans as of the first day of the calendar month preceding
        the month in which the Distribution Date occurs, multiplied by 12. The Group
        2
        Net WAC Rate 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 4 Regular Interests the ownership of which is represented by the Class
        2-A, Class 2-M and Class 2-B 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 3 Pass-Through Rates on the REMIC
        3
        Group 2 Regular Interests (other than REMIC 3 Regular Interest 2-IO), weighted
        on the basis of the Uncertificated Principal Balances of such REMIC 3 Regular
        Interests immediately prior to such Distribution Date.

       

      “Group
        2
        Net WAC Shortfall Reserve Fund”: A reserve fund established by the Trustee for
        the benefit of the Holders of the Class 1-A, Class 1-M, Class 1-B and Class
        C-R
        Certificates, and funded on the Closing Date by or on behalf of the Depositor
        with an amount equal to the Group 2 Net WAC Shortfall Reserve Fund Deposit.
        The
        Group 2 Net WAC Shortfall Reserve Fund is an “outside reserve fund” within the
        meaning of Treasury regulation Section 1.860G-2(h), which is not an asset
        of any
        REMIC, the ownership of which is evidenced by the Class C-R Certificates
        and
        which is established and maintained pursuant to Section 4.08.

       

      “Group
        2
        Net WAC Shortfall Reserve Fund Deposit”: With respect to the Group 2 Net WAC
        Shortfall Reserve Fund, an amount equal to $5,000, which the Depositor shall
        fund initially pursuant to Section 4.08 hereof.

       

      “Group
        2
        Overcollateralization Deficiency Amount”: With respect to any Distribution Date,
        the amount, if any, by which the Group 2 Overcollateralization Target Amount
        exceeds the Group 2 Overcollateralized Amount on such Distribution Date (after
        giving effect to distributions in respect of the related Basic Principal
        Distribution Amount on such Distribution Date).

       

      “Group
        2
        Overcollateralization Floor”: With respect to any Distribution Date, 0.50% of
        the Cut-off Date Balance of the Group 2 Loans.

       

      “Group
        2
        Overcollateralization Release Amount”: With respect to any Distribution Date,
        the lesser of (x) the related Principal Remittance Amount for such Distribution
        Date and (y) the excess, if any, of (i) the Group 2 Overcollateralized Amount
        for such Distribution Date (assuming that 100% of the related Principal
        Remittance Amount is applied as a principal payment on such Distribution
        Date)
        over (ii) the Group 2 Overcollateralization Target Amount for such Distribution
        Date.

       

      “Group
        2
        Overcollateralization Target Amount”: With respect to any Distribution Date
        prior to the Group 2 Stepdown Date, 4.90% of the Cut-off Date Balance of
        the
        Group 2 Loans. With respect to any Distribution Date on or after the Group
        2
        Stepdown Date, the greater of (x) 9.80% of the aggregate Stated Principal
        Balance of the Group 2 Loans and (y) the Group 2 Overcollateralization Floor;
        provided, however, that if a Group 2 Trigger Event is in effect on any
        Distribution Date, the Group 2 Overcollateralization Target Amount will be
        equal
        to the Group 2 Overcollateralization Target Amount on the prior Distribution
        Date.

       

      “Group
        2
        Overcollateralized Amount”: For any Distribution Date, the amount, if any, by
        which (i) the aggregate principal balance of the related Mortgage Loans (after
        giving effect to scheduled payments of principal due during the related Due
        Period, to the extent received or advanced, unscheduled collections of principal
        received during the related Prepayment Period and any Realized Losses on
        the
        Mortgage Loans during the related Prepayment Period), exceeds (ii) the aggregate
        Certificate Principal Balance of the Class 2-A, Class 2-M, Class 2-B and
        the
        Class P-M Certificates as of such Distribution Date (after giving effect
        to
        distributions to be made on such Distribution Date).

       

      “Group
        2
        Step-Up Date”: The first Distribution Date following the first month in which
        the aggregate unpaid principal balance of the Group 2 Loans, and properties
        acquired in respect thereof, remaining in the trust has been reduced to less
        than or equal to 10% of the Cut-off Date Balance of the Group 2
        Loans.

       

      “Group
        2
        Stepdown Date”: The earlier of (i) the first Distribution Date on which the
        Certificate Principal Balances of the Class 2-A Certificates have been reduced
        to zero and (ii) the later to occur of (x) the Distribution Date occurring
        in
        July 2013 and (y) the first Distribution Date on which the aggregate Certificate
        Principal Balance of the Class 2-A Certificates (calculated for this purpose
        only after taking into account the receipt of principal on the Mortgage Loans,
        but prior to any distribution of principal to the holders of the certificates)
        is less than or equal to approximately 62.20% of the aggregate principal
        balance
        of the Group 2 Loans, calculated 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. 

       

      “Group
        2
        Subordinate Class Principal Distribution Amount”: For any class of Class 2-M-1,
        Class 2-M-2, Class 2-M-3 and Class 2-B Certificates and any Distribution
        Date,
        the excess of (1) the sum of (a) the aggregate Certificate Principal Balance
        of
        the Class 2-A Certificates (after taking into account distribution of the
        Class
        2-A Principal Distribution Amount for such Distribution Date), (b) the aggregate
        Certificate Principal Balance of any class(es) of Class 2-M-1, Class 2-M-2
        and
        Class 2-M-3 Certificates that are senior to the subject class (in each case,
        after taking into account distribution of the Group 2 Subordinate Class
        Principal Distribution Amount(s) for such senior class(es) of Certificates
        for
        such Distribution Date) and (c) the Certificate Principal Balance of the
        subject
        class of Class 2-M-1, Class 2-M-2, Class 2-M-3 and Class 2-B Certificates
        immediately prior to such Distribution Date over (2) the lesser of (a) the
        product of (x) 100% minus the Stepdown Target Subordination Percentage for
        the
        subject class of Certificates and (y) the aggregate Stated Principal Balance
        of
        the Group 2 Loans for such Distribution Date and (b) the aggregate Stated
        Principal Balance of the Group 2 Loans for such Distribution Date minus the
        Group 2 Overcollateralization Floor; provided, however, that if such class
        of
        Class 2-M-1, Class 2-M-2, Class 2-M-3 and Class 2-B Certificates is the only
        class of Group 2 Subordinate Certificates outstanding on such Distribution
        Date,
        that class will be entitled to receive the entire remaining related Principal
        Distribution Amount until the Certificate Principal Balance thereof is reduced
        to zero.

       

      “Group
        2
        Supplemental Interest Trust”: The corpus of a trust created pursuant to Section
        4.09 of this Agreement and designated as the “Group 2 Supplemental Interest
        Trust,” consisting of the Group 2 Interest Rate Swap Agreement, the Class 2-IO
        Interest and the Group 2 Swap Account. For the avoidance of doubt, the Group
        2
        Supplemental Interest Trust does not constitute a part of the Trust
        Fund.

       

      “Group
        2
        Swap Account”: As defined in Section 4.09(i).

       

      “Group
        2
        Swap Provider”: The swap provider under the Group 2 Swap Agreement either (a)
        entitled to receive payments from the Group 2 Supplemental Interest Trust
        from
        amounts payable by the Trust Fund with respect to the Group 2 Loans under
        this
        Agreement or (b) required to make payments to the Group 2 Supplemental Interest
        Trust for payment to the Trust Fund with respect to the Group 2 Loans, in
        either
        case pursuant to the terms of the Group 2 Interest Rate Swap Agreement, and
        any
        successor in interest or assign. Initially, the Group 2 Swap Provider shall
        be
        Wachovia Bank, National Association.

       

      “Group
        2
        Trigger Event”: A Group 2 Trigger Event is in effect with respect to any
        Distribution Date with respect to the Group 2 Loans if:

       

      (1) in
        the
        case of any payment date on or after July 2013, the three month average of
        the
        aggregate principal balance of Group 2 Loans that are 60 or more days delinquent
        (including for this purpose any such Mortgage Loans in bankruptcy or foreclosure
        and Mortgage Loans with respect to which the related mortgaged property has
        been
        acquired by the trust) as of the close of business on the last day of the
        preceding calendar month exceeds 14.00% of the aggregate Stated Principal
        Balance of the Group 2 Loans;

       

      (2) the
        cumulative amount of Realized Losses incurred on the Group 2 Loans from the
        Cut-off Date through the end of the calendar month immediately preceding
        such
        Distribution Date divided by the Cut-off Date Balance exceeds (i) 5.25% with
        respect to the Distribution Date occurring in July 2013, plus an additional
        1/12th of 1.65% for each month thereafter up to and including the Distribution
        Date in June 2014, (ii) 6.90% with respect to the Distribution Date occurring
        in
        July 2014, plus an additional 1/12th of 0.30% for each month thereafter up
        to
        and including the Distribution Date in June 2015, (iii) 7.20% with respect
        to
        the Distribution Date occurring in July 2015, plus an additional 1/12th of
        0.20%
        for each month thereafter up to and including the Distribution Date in June
        2016
        and (iv) 7.40% with respect to any Distribution Date occurring in July 2016
        and
        thereafter.

       

      For
        purposes of the foregoing calculation, a mortgage loan is considered “60 days”
delinquent if a payment due on the first day of a month has not been received
        by
        the second day of the second following month.

       

      “Index”:
        With respect to any Mortgage Loan, the index for the adjustment of the Mortgage
        Rate set forth as such on the related Mortgage Note.

       

      “Initial
        Certificate Principal Balance”: With respect to each Class of Regular
        Certificates, the Initial Certificate Principal Balance of such Class of
        Certificates as set forth in the Preliminary Statement hereto, or with respect
        to any single Certificate, the Initial Certificate Principal Balance as stated
        on the face thereof.

       

      “Initial
        Notional Amount”: With respect to the Class C-R Certificates and Class C-M
        Certificates, an amount equal to the Notional Balance of the Class C-R
        Certificates or Class C-M Certificates, respectively, or with respect to
        any
        single Certificate, the Initial Notional Amount as stated on the face
        thereof.

       

      “Insurance
        Policy”: With respect to any Mortgage Loan, any insurance policy (including a
        PMI Insurer Policy) which is required to be maintained from time to time
        under
        this Agreement in respect of such Mortgage Loan.

       

      “Insurance
        Proceeds”: Proceeds paid in respect of the Mortgage Loans pursuant to any
        Primary Hazard Insurance Policy, any title insurance policy or any other
        insurance policy covering a Mortgage Loan, to the extent such proceeds 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.

       

      “Interest
        Rate Swap Agreement”: The Group 1 Interest Rate Swap Agreement or the Group 2
        Interest Rate Swap Agreement. 

       

      “Interest
        Remittance Amount”: With respect to any Distribution Date and each Loan Group,
        that portion of the Available Distribution Amount for such Distribution Date
        that represents interest received or advanced with respect to the related
        Mortgage Loans.

       

      “Late
        Collections”: With respect to any Mortgage Loan, all amounts received during any
        Due Period, whether as late payments of Monthly Payments or as Insurance
        Proceeds, Liquidation Proceeds or otherwise, which represent late payments
        or
        collections of Monthly Payments due but delinquent for a previous Due Period
        and
        not previously recovered.

       

      “LIBOR”:
        With respect to any Distribution Date and the Pass-Through Rates on the Class
        A
        Certificates and Subordinate Certificates, the arithmetic mean of the London
        interbank offered rate quotations of reference banks (which will be selected
        by
        the Trustee after consultation with the Master Servicer) for one-month U.S.
        dollar deposits, expressed on a per annum basis, determined in accordance
        with
        Section 1.02.

       

      “LIBOR
        Business Day”: Any day other than (i) Saturday or Sunday or (ii) a day on which
        banking institutions in the city of London, England and New York City are
        required or authorized by law to be closed.

       

      “LIBOR
        Rate Adjustment Date”: With respect to each Distribution Date, the second LIBOR
        Business Day immediately preceding the commencement of the related Accrual
        Period.

       

      “Liquidated
        Mortgage Loan”: As to any Distribution Date, any Mortgage Loan in respect of
        which the Master 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
        Proceeds”: Amounts (other than Insurance Proceeds) received by the Master
        Servicer in connection with the taking of an entire Mortgaged Property by
        exercise of the power of eminent domain or condemnation or in connection
        with
        the liquidation of a defaulted Mortgage Loan through trustee’s sale, foreclosure
        sale or otherwise, other than amounts received in respect of any REO
        Property.

       

      “Loan-to-Value
        Ratio”: As of any date, the fraction, expressed as a percentage, the numerator
        of which is the current principal balance of the related Mortgage Loan at
        the
        date of determination and the denominator of which is the Collateral Value
        of
        the related Mortgaged Property.

       

      “Loan
        Group”: Loan Group 1 or Loan Group 2, as applicable.

       

      “Loan
        Group 1”: The Group 1 Loans.

       

      “Loan
        Group 2”: The Group 2 Loans.

       

      “Lost
        Note Affidavit”: With respect to any Mortgage Note, an original lost note
        affidavit from the Sponsor stating that the original Mortgage Note was lost,
        misplaced or destroyed, together with a copy of the related Mortgage
        Note.

       

      “Majority
        Class C Certificateholder”: The holder of a 50.01% or greater Percentage
        Interest of the Class C Certificates.

       

      “Master
        Servicer”: Impac Funding Corporation, or any successor master servicer appointed
        as herein provided.

       

      “Master
        Servicer Prepayment Charge Payment Amount”: The amounts payable by the Master
        Servicer in respect of any waived Prepayment Charges pursuant to Section
        2.03,
        and any amount paid to the Trust Fund by any Person to remedy any breach
        of any
        representation, warranty or covenant made with respect to the Prepayment
        Charges
        to the extent the Trust Fund, as assignee, is the beneficiary of such
        representation, warranty or covenant.

       

      “Master
        Servicing Fees”: With respect to each Mortgage Loan, an amount, payable out of
        any payment of interest on the Mortgage Loan, equal to interest at the Master
        Servicing Fee Rate on the Stated Principal Balance of such Mortgage Loan
        as of
        the Due Date in the calendar month preceding the month in which the payment
        of
        the Master Servicing Fee is due (alternatively, in the event such payment
        of
        interest accompanies a Principal Prepayment in part or in full made by the
        Mortgagor, interest for the number of days covered by such payment of interest).
        The Master Servicing Fee consists of servicing compensation payable to the
        Master Servicer in respect of its master servicing
        responsibilities.

       

      “Master
        Servicing Fee Rate”: With respect to each Mortgage Loan, the per annum rate of
        0.03%.

       

      “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.

       

      “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
        Interest Distributable Amount”: With respect to the Class A Certificates,
        Subordinate Certificates, Class C Certificates and Class IO Interests and
        any
        Distribution Date, the amount of interest accrued during the related Accrual
        Period at the related Pass-Through Rate on the Certificate Principal Balances
        or
        Notional Balances or Uncertificated Notional Amounts of such Certificates
        or
        interests, or otherwise distributable thereto, immediately prior to such
        Distribution Date, in each case, reduced by any Net Prepayment Interest
        Shortfalls and any shortfalls resulting from the application of the Relief
        Act
        (in each case to the extent allocated to such Certificates or interests as
        set
        forth in Section 1.03). The Monthly Interest Distributable Amount on the
        Offered
        Certificates will be calculated on the basis of the actual number of days
        in the
        related Accrual Period and a 360-day year.

       

      “Monthly
        Payment”: With respect to any Mortgage Loan, the scheduled monthly payment of
        principal and interest on such Mortgage Loan which is payable by a Mortgagor
        from time to time under the related Mortgage Note as originally executed
        (after
        adjustment, if any, for Deficient Valuations occurring prior to such Due
        Date,
        and after any adjustment by reason of any bankruptcy or similar proceeding
        or
        any moratorium or similar waiver or grace period).

       

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

       

      “Mortgage”:
        The mortgage, deed of trust or any other instrument securing the Mortgage
        Loan.

       

      “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 and the Custodial Agreement; provided, that
        whenever the term “Mortgage File” is used to refer to documents actually
        received by the Custodian, such term shall not be deemed to include such
        additional documents required to be added unless they are actually so
        added.

       

      “Mortgage
        Loan”: Each of the mortgage loans, transferred and assigned to the Trustee
        pursuant to Section 2.01, 2.04 or 2.06 and from time to time held in the
        Trust
        Fund (including any Qualified Substitute Mortgage Loans), the mortgage loans
        so
        transferred, assigned and held being identified in the Mortgage Loan Schedule.
        As used herein, the term “Mortgage Loan” includes the related Mortgage Note and
        Mortgage.

       

      “Mortgage
        Loan Purchase Agreement”: The Mortgage Loan Purchase Agreement dated as of June
        29, 2006, among Impac Funding Corporation, as sponsor, Impac Mortgage Holdings,
        Inc., as guarantor, and the Depositor as purchaser, and all amendments thereof
        and supplements thereto.

       

      “Mortgage
        Loan Schedule”: As of any date of determination, the schedule of Mortgage Loans
        included in the Trust Fund. The schedule of Mortgage Loans with accompanying
        information transferred on the Closing Date to the Trustee as part of the
        Trust
        Fund for the Certificates, attached hereto as Exhibit H, which list shall
        set
        forth the following information with respect to each Mortgage Loan:

       

      (i) the
        loan
        number and name of the Mortgagor;

       

      (ii) the
        street address, city, state and zip code of the Mortgaged Property;

       

      (iii) the
        original term to maturity;

       

      (iv) the
        original principal balance and the original Mortgage Rate;

       

      (v) the
        first
        payment date;

       

      (vi) the
        applicable Loan Group;

       

      (vii) the
        type
        of Mortgaged Property;

       

      (viii) the
        Monthly Payment in effect as of the Cut-off Date;

       

      (ix) the
        principal balance as of the Cut-off Date;

       

      (x) the
        Mortgage Rate as of the Cut-off Date;

       

      (xi) the
        occupancy status;

       

      (xii) the
        purpose of the Mortgage Loan;

       

      (xiii) the
        Collateral Value of the Mortgaged Property;

       

      (xiv) the
        remaining term to maturity;

       

      (xv) the
        paid-through date of the Mortgage Loan;

       

      (xvi) the
        Master Servicing Fee Rate;

       

      (xvii) the
        Sub-Servicing Fee Rate;

       

      (xviii) the
        Net
        Mortgage Rate for such Mortgage Loan;

       

      (xix) whether
        such Mortgage Loan is a PMI Mortgage Loan and, if so, the related PMI Insurer
        Fee Rate;

       

      (xx) whether
        the Mortgage Loan is covered by a private mortgage insurance policy or an
        original certificate of private mortgage insurance;

       

      (xxi) the
        documentation type;

       

      (xxii) the
        type
        and term of the related Prepayment Charge, if any;

       

      (xxiii) the
        Index
        and the Gross Margin; and

       

      (xxiv) the
        Adjustment Date frequency and Distribution Date frequency.

       

      The
        Mortgage Loan Schedule may be in the form of more than one schedule,
        collectively setting forth all of the information required.

       

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

       

      “Mortgage
        Rate”: With respect to any Mortgage Loan, the annual rate at which interest
        accrues on such Mortgage Loan in the absence of default, as adjusted from
        time
        to time in accordance with the provisions of the Mortgage Note.

       

      “Mortgaged
        Property”: The underlying property securing a Mortgage Loan.

       

      “Mortgagor”:
        The obligor or obligors 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 net of Advances, Servicing Advances, Master Servicing
        Fees,
        Sub-Servicing Fees and any other accrued and unpaid servicing fees 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 and any Loan
        Group, the sum of (a) any related Overcollateralization Release Amount and
        (b)
        the excess of (x) the related Interest Remittance Amount for such Distribution
        Date over (y) the aggregate Monthly Interest Distributable Amount for the
        related Offered Certificates for such Distribution Date and any Unpaid Interest
        Shortfalls payable to the related Class A Certificateholder for each
        Distribution Date.

       

      “Net
        Mortgage Rate”: With respect to each Mortgage Loan Due Date, the then applicable
        Mortgage Rate thereon minus the sum of (1) the Master Servicing Fee Rate,
        (2)
        the Subservicing Fee Rate and (3) the related PMI Insurer Fee Rate, if such
        Mortgage Loan is a PMI Mortgage Loan.

       

      “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”: With respect to each Distribution Date, the net payment required to be
        made pursuant to the terms of each Interest Rate Swap Agreement by either
        the
        related Swap Provider or the related Supplemental Interest Trust, which net
        payment shall not take into account any Swap Termination Payment.

       

      “Net
        WAC
        Rate”: With respect to the Class 1-A, Class 1-M and Class 1-B Certificates, the
        Group 1 Net WAC Rate. With respect to the Class 2-A, Class 2-M, and Class
        2-B
        Certificates, the Group 2 Net WAC Rate.

       

      “Net
        WAC
        Shortfall Amount”: With respect to the Class A Certificates and the Subordinate
        Certificates and any Distribution Date, the sum of (i) if on any Distribution
        Date the Pass-Through Rate for such Certificates is limited to the related
        Net
        WAC Rate, the excess, if any, of (a) the amount of interest such Class A
        Certificates or Subordinate Certificates would have been entitled to receive
        on
        such Distribution Date if such Net WAC Rate would not have been applicable
        to
        such Certificates, over (b) the amount of interest accrued on such Certificates
        at such Net WAC Rate, plus (ii) the related Net WAC Shortfall Amount from
        the
        prior Distribution Date not previously distributed together with interest
        thereon at the related Pass-Through Rate for the most recently ended Accrual
        Period.

       

      “Net
        WAC
        Shortfall Reserve Fund”: The Group 1 Net WAC Shortfall Reserve Fund and Group 2
        Net WAC Shortfall Reserve Fund.

       

      “Nonrecoverable
        Advance”: Any Advance or Servicing Advance previously made or proposed to be
        made in respect of a Mortgage Loan which, in the reasonable good faith judgment
        of the Master Servicer, will not or, in the case of a proposed Advance or
        Servicing Advance, would not be ultimately recoverable from related Late
        Collections, Insurance Proceeds, Liquidation Proceeds or REO Proceeds. The
        determination by the Master Servicer that it has made a Nonrecoverable Advance
        or that any proposed Advance or Servicing Advance would constitute a
        Nonrecoverable Advance, shall be evidenced by a certificate of a Servicing
        Officer delivered to the Depositor and the Trustee.

       

      “Non-United
        States Person”: Any Person other than a United States Person.

       

      “Notional
        Balance”: With
        respect to the Class C-R Certificates and any Distribution Date, an amount
        equal
        to the Stated Principal Balance of the Mortgage Loans in Loan Group 1 as
        of the
        related Due Date, minus the Certificate Principal Balance of the Class P-R
        Certificates. For
        federal income tax purposes, the Notional Balance of the Class C-R Certificates
        for any Distribution Date shall be an amount equal to the aggregate
        Uncertificated Principal Balance of the REMIC 3 Group 1 Regular Interests,
        other
        than REMIC 3 Regular Interest P-R, for such Distribution Date. With respect
        to
        the Class C-M Certificates and any Distribution Date, an amount equal to
        the
        Stated Principal Balance of the Mortgage Loans in Loan Group 2 as of the
        related
        Due Date, minus the Certificate Principal Balance of the Class P-M Certificates.
        For federal income tax purposes, the Notional Balance of the Class C-M
        Certificates for any Distribution Date shall be an amount equal to the aggregate
        Uncertificated Principal Balance of the REMIC 3 Group 2 Regular Interests,
        other
        than REMIC 3 Regular Interest P-M, for such Distribution Date.

       

      “Officers’
        Certificate”: A certificate signed by the Chairman of the Board, the Vice
        Chairman of the Board, the President or a vice president and by the Treasurer,
        the Secretary, or one of the assistant treasurers or assistant secretaries
        of
        the Depositor, the Sponsor, the Master Servicer or of any Sub-Servicer and
        delivered to the Depositor and Trustee.

       

      “One
        Month LIBOR”: The London interbank offered rate for one-month United States
        dollar deposits, determined as described in Section 1.02 of this
        Agreement.

       

      “Opinion
        of Counsel”: A written opinion of counsel, who may be counsel for the Depositor,
        the Sponsor, or the Master Servicer, reasonably acceptable to the Trustee;
        except that any opinion of counsel relating to (a) the qualification of any
        account required to be maintained pursuant to this Agreement as an Eligible
        Account, (b) the qualification of REMIC 1, REMIC 2, REMIC 3 or REMIC 4 as
        REMICs, (c) compliance with the REMIC Provisions or (d) resignation of the
        Master Servicer pursuant to Section 6.04 must be an opinion of counsel who
        (i)
        is in fact independent of the Depositor and the Master Servicer, (ii) does
        not
        have any direct financial interest or any material indirect financial interest
        in the Depositor or the Master Servicer or in an affiliate of either and
        (iii)
        is not connected with the Depositor or the Master Servicer as an officer,
        employee, director or person performing similar functions.

       

      “Optional
        Termination Date”: The first Distribution Date on which the Majority Class C
        Certificateholder may opt to terminate the Trust Fund pursuant to Section
        9.01.

       

      “OTS”:
        Office of Thrift Supervision or any successor.

       

      “Outstanding
        Mortgage Loan”: As to any Due Date, a Mortgage Loan (including an REO Property)
        which was not the subject of a Principal Prepayment in Full, Cash Liquidation
        or
        REO Disposition and which was not purchased prior to such Due Date pursuant
        to
        Sections 2.02, 2.04 or 3.14.

       

      “Overcollateralization
        Deficiency Amount”: The Group 1 Overcollataralization Deficiency Amount or the
        Group 2 Overcollateralization Deficiency Amount,
        as
        applicable.

       

      “Overcollateralization
        Floor”: The Group 1 Overcollateralization Floor or the Group 2
        Overcollateralization Floor, as applicable.

       

      “Overcollateralization
        Release Amount”: The Group 1 Overcollateralization Release Amount or the Group 2
        Overcollateralization Release Amount, as applicable.

       

      “Overcollateralization
        Target Amount”: The Group 1 Overcollateralization Target Amount or the Group 2
        Overcollateralization Target Amount, as applicable.

       

      “Overcollateralized
        Amount”: The Group 1 Overcollateralized Amount or the Group 2 Overcollateralized
        Amount, as applicable. 

       

      “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 any Distribution Date and the Offered Certificates, the
        least of (x) One-Month LIBOR plus the related Certificate Margin (y) the
        applicable Net WAC Rate and (z) 11.50% per annum.

       

      With
        respect to the Class C-R Certificates and any Distribution Date, (x) 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 3 Group 1 Regular Interest
        (other than REMIC 3 Regular Interests 1-IO and P-R) equal to the product
        of (a)
        the excess, if any, of the Uncertificated REMIC 3 Pass-Through Rate for such
        REMIC 3 Group 1 Regular Interest over the Group 1 Marker Rate and (b) a notional
        amount equal to the Uncertificated Principal Balance of such REMIC 3 Group
        1
        Regular Interest, and the denominator of which is the aggregate Uncertificated
        Principal Balance of such REMIC 3 Group 1 Regular Interests, and (y) 100%
        of the
        interest distributable in respect of REMIC 3 Regular Interest P-R. 

       

      With
        respect to the Class C-M Certificates and any Distribution Date, (x) 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 3 Group 2 Regular Interest
        (other than REMIC 3 Regular Interests 2-IO and P-M) equal to the product
        of (a)
        the excess, if any, of the Uncertificated REMIC 3 Pass-Through Rate for such
        REMIC 3 Group 2 Regular Interest over the Group 2 Marker Rate and (b) a notional
        amount equal to the Uncertificated Principal Balance of such REMIC 3 Group
        2
        Regular Interest, and the denominator of which is the aggregate Uncertificated
        Principal Balance of such REMIC 3 Group 2 Regular Interests, and (y) 100%
        of the
        interest distributable in respect of REMIC 3 Regular Interest P-M. 

       

      With
        respect to each of the Class P-R Certificates and Class P-M Certificates
        and any
        Distribution Date, 0.00% per annum.

       

      With
        respect to each of the Class 1-IO Interest and Class 2-IO Interest and any
        Distribution Date , 100% of the amounts distributable to REMIC 3 Regular
        Interest 1-IO and REMIC 3 Regular Interest 2-IO, respectively, for such
        Distribution Date.

       

      “Percentage
        Interest”: With respect to any Regular Certificate, the undivided percentage
        ownership interest in the related Class evidenced by such Certificate, which
        percentage ownership interest shall be equal to the Initial Certificate
        Principal Balance thereof divided by the aggregate Initial Certificate Principal
        Balance of all of the Certificates of the same Class. With respect to any
        Class
        R Certificate, the interest in distributions to be made with respect to such
        Class evidenced thereby, expressed as a percentage, as stated on the face
        of
        each such Certificate.

       

      “Permitted
        Investment”: One or more of the following:

       

      (i) obligations
        of or guaranteed as to principal and interest by the United States or any
        agency
        or instrumentality thereof when such obligations are backed by the full faith
        and credit of the United States;

       

      (ii) repurchase
        agreements on obligations specified in clause (i) maturing not more than
        one
        month from the date of acquisition thereof, provided that the unsecured
        obligations of the party agreeing to repurchase such obligations are at the
        time
        rated by each Rating Agency in its highest short-term rating available,
        provided, however, that such repurchase agreements are treated as financings
        under generally accepted accounting principles (“GAAP”);

       

      (iii) federal
        funds, certificates of deposit, demand deposits, time deposits and bankers'
        acceptances (which shall each have an original maturity of not more than
        90 days
        and, in the case of bankers' acceptances, shall in no event have an original
        maturity of more than 365 days or a remaining maturity of more than 30 days)
        denominated in United States dollars of any U.S. depository institution or
        trust
        company incorporated under the laws of the United States or any state thereof
        or
        of any domestic branch of a foreign depository institution or trust company;
        provided that the debt obligations of such depository institution or trust
        company (or, if the only Rating Agency is Standard & Poor's, in the case of
        the principal depository institution in a depository institution holding
        company, debt obligations of the depository institution holding company)
        at the
        date of acquisition thereof have been rated by each Rating Agency in its
        highest
        short-term rating available; and provided further that, if the only Rating
        Agency is Standard & Poor's 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 Standard & Poor's if Standard &
Poor's is the Rating Agency;

       

      (iv) commercial
        paper (having original maturities of not more than 365 days) of any corporation
        incorporated under the laws of the United States or any state thereof which
        on
        the date of acquisition has been rated by Moody's and Standard & Poor's in
        their highest short-term ratings available; provided that such commercial
        paper
        shall have a remaining maturity of not more than 30 days;

       

      (v) a
        money
        market fund or a qualified investment fund rated by Moody's in its highest
        long-term ratings available or rated AAAm or AAAm-G by Standard & Poor's,
        including any such funds for which Deutsche Bank National Trust Company or
        any
        affiliate thereof serves as an investment advisor, manager, administrator,
        shareholder, servicing agent, and/or custodian or sub-custodian;
        and

       

      (vi) other
        obligations or securities that are acceptable to each Rating Agency as a
        Permitted Investment hereunder and will not reduce the rating assigned to
        any
        Class of Certificates by such Rating Agency below the lower of the then-current
        rating or the rating assigned to such Certificates as of the Closing Date
        by
        such Rating Agency, as evidenced in writing;

       

      provided,
        however,
        that no
        instrument shall be a Permitted Investment if it represents, either (1) the
        right to receive only interest payments with respect to the underlying debt
        instrument or (2) the right to receive both principal and interest payments
        derived from obligations underlying such instrument and the principal and
        interest payments with respect to such instrument provide a yield to maturity
        greater than 120% of the yield to maturity at par of such underlying
        obligations.

       

      To
        the
        extent that the Trustee receives any materials in connection with the holding
        of
        any Permitted Investment which require the holder to vote, the Trustee shall
        not
        exercise its voting rights. 

       

      Permitted
        Investments shall not be sold prior to maturity, except that a money market
        fund
        or qualified investment fund may be liquidated at any time.

       

      “Permitted
        Transferee”: Any transferee of a Residual Certificate other than a Disqualified
        Organization, a Non-United States Person or an “electing large partnership” (as
        defined in Section 775 of the Code).

       

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

       

      “PMI
        Insurer”: Radian Guaranty, Inc., or its successors or assigns.

       

      “PMI
        Insurer Policy”: The lender-paid primary mortgage insurance policy issued by the
        PMI Insurer in accordance with a June 29, 2002 letter between the Sponsor
        and
        the PMI Insurer.

       

      “PMI
        Mortgage Loan”: Any mortgage loan covered by the PMI Insurer
        Policy.

       

      “PMI
        Insurer Fee Rate”: With respect to each PMI Mortgage Loan, the per annum rate
        payable to the PMI Insurer under the PMI Insurer Policy. 

       

      “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 prepayment of such Mortgage Loan in
        accordance with the terms thereof (other than any Master Servicer Prepayment
        Charge Payment Amount).

       

      “Prepayment
        Interest Excess”: With respect to any Distribution Date, for each Mortgage Loan
        that was the subject of a Principal Prepayment during the portion of the
        Prepayment Period from the related Due Date to the end of such Prepayment
        Period, any payment of interest received in connection therewith (net of
        any
        applicable Servicing Fee) representing interest accrued for any portion of
        such
        month of receipt.

       

      “Prepayment
        Interest Shortfall”: As to any Distribution Date and any Mortgage Loan (other
        than a Mortgage Loan relating to an REO Property) that was the subject of
        (a) a
        Principal Prepayment in Full during the related Prepayment Period, an amount
        equal to the excess of one month’s interest at the Net Mortgage Rate on the
        Stated Principal Balance of such Mortgage Loan over the amount of interest
        (adjusted to the Net Mortgage Rate) paid by the Mortgagor for such Prepayment
        Period to the date of such Principal Prepayment in Full or (b) a Curtailment
        during the prior calendar month, an amount equal to one month’s interest at the
        Net Mortgage Rate on the amount of such Curtailment.

       

      “Prepayment
        Period”: With respect to any Distribution Date, the calendar month immediately
        preceding the month in which such distribution occurs.

       

      “Primary
        Hazard Insurance Policy”: Each primary hazard insurance policy required to be
        maintained pursuant to Section 3.13.

       

      “Primary
        Insurance Policy”: Any primary policy of mortgage guaranty insurance including
        the PMI Insurer Policy, or any replacement policy therefor.

       

      “Principal
        Distribution Amount”: With respect to any Distribution Date and any Loan Group,
        an amount equal to the sum of the related Basic Principal Distribution Amount
        plus the related Extra Principal Distribution Amount.

       

      “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 scheduled interest due
        on any
        date or dates in any month or months subsequent to the month of
        prepayment.

       

      “Principal
        Prepayment in Full”: Any Principal Prepayment made by a Mortgagor of the entire
        unpaid principal balance of the Mortgage Loan.

       

      “Principal
        Remittance Amount”: With respect to any Distribution Date and each Loan Group,
        the sum of the following from the Available Distribution Amount: (i) each
        scheduled payment of principal collected or advanced on the related Mortgage
        Loans by the Master Servicer that were due during the related Due Period,
        (ii)
        the principal portion of all partial and full Principal Prepayments of the
        related Mortgage Loans applied by the Master Servicer during the related
        Prepayment Period, (iii) the principal portion of all Net Liquidation Proceeds,
        REO Proceeds, Insurance Proceeds, and Subsequent Recoveries received during
        the
        related Prepayment Period, (iv) the principal portion of proceeds of Mortgage
        Loan purchases made pursuant to Section 2.02, 2.04 or 3.14, in each case
        received or made during the related Prepayment Period, (v) the principal
        portion
        of any related Substitution Adjustments deposited in the Custodial Account
        during the related Prepayment Period and (vi) on the Distribution Date on
        which
        the Trust Fund is to be terminated pursuant to Section 9.01, the principal
        portion of the termination price received from the Master Servicer in connection
        with a termination of the Trust Fund to occur on such Distribution
        Date.

       

      “Prospectus
        Supplement”: That certain Prospectus Supplement dated June 28, 2006 relating to
        the public offering of the Class A, Class M and Class B
        Certificates.

       

      “Purchase
        Price”: With respect to any Mortgage Loan (or REO Property) required to be
        purchased pursuant to Section 2.02, 2.04 or 3.14, an amount equal to the
        sum of
        (i) 100% of the Stated Principal Balance thereof, (ii) unpaid accrued interest
        (or REO Imputed Interest) at the applicable Net Mortgage Rate on the Stated
        Principal Balance thereof outstanding during each Due Period that such interest
        was not paid or advanced, from the date through which interest was last paid
        by
        the Mortgagor or advanced and distributed to Certificateholders together
        with
        unpaid Master Servicing Fees, Sub-Servicing Fees and, if such Mortgage Loan
        is a
        PMI Mortgage Loan, fees due the PMI Insurer at the PMI Insurer Fee Rate,
        from
        the date through which interest was last paid by the Mortgagor, in each case
        to
        the first day of the month in which such Purchase Price is to be distributed,
        plus (iii) the aggregate of all Advances and Servicing Advances made in respect
        thereof that were not previously reimbursed and (iv)
        costs and damages incurred by the Trust Fund in connection with a repurchase
        pursuant to Section 2.04 hereof that arises out of a violation of any
        anti-predatory lending law which also constitutes an actual breach of
        representations (xii), (xxxv), (xxxiii), (xxxviii), (xxxix) or (xliii) of
        Section 3.1(b) of the Mortgage Loan Purchase Agreement.

       

      “Qualified
        Insurer”: Any insurance company duly qualified as such under the laws of the
        state or states in which the related Mortgaged Property or Mortgaged Properties
        is or are located, duly authorized and licensed in such state or states to
        transact the type of insurance business in which it is engaged and approved
        as
        an insurer by the Master Servicer, so long as the claims paying ability of
        which
        is acceptable to the Rating Agencies for pass-through certificates having
        the
        same rating as the Certificates rated by the Rating Agencies as of the Closing
        Date.

       

      “Qualified
        Substitute Mortgage Loan”: A Mortgage Loan substituted by the Depositor for a
        Deleted Mortgage Loan which must, on the date of such substitution, as confirmed
        in an Officers’
        Certificate of the Sponsor delivered to the Trustee, (i) have an outstanding
        principal balance, after deduction of the principal portion of the monthly
        payment due in the month of substitution (or in the case of a substitution
        of
        more than one Mortgage Loan for a Deleted Mortgage Loan, an aggregate
        outstanding principal balance, after such deduction), not in excess of the
        Stated Principal Balance of the Deleted Mortgage Loan (the amount of any
        shortfall to be paid to the Master Servicer for deposit in the Custodial
        Account
        in the month of substitution); (ii) have a Mortgage Rate and a Net Mortgage
        Rate
        no lower than and not more than 1% per annum higher than the Mortgage Rate
        and
        Net Mortgage Rate, respectively, of the Deleted Mortgage Loan as of the date
        of
        substitution; (iii) have a Loan-to-Value Ratio at the time of substitution
        no
        higher than that of the Deleted Mortgage Loan at the time of substitution;
        (iv)
        have a remaining term to stated maturity not greater than (and not more than
        one
        year less than) that of the Deleted Mortgage Loan; (v) comply with each
        representation and warranty set forth in Section 2.04 hereof; and, (vi) comply
        with each representation and warranty set forth in the Mortgage Loan Purchase
        Agreement (other than representations (xiv), (xvi), (xxix) and (xxxiii) through
        (xli).

       

      “Rating
        Agency”: Standard & Poor's or Moody's and each of their successors. If such
        agencies and their successors are no longer in existence, “Rating Agency” shall
        be such nationally recognized statistical rating agency, or other comparable
        Person, designated by the Depositor, notice of which designation shall be
        given
        to the Trustee and Master Servicer. References herein to the two highest
        long
        term debt rating of a Rating Agency shall mean “AA” or better in the case of
        Standard & Poor's and “Aa2” or better in the case of Moody's and references
        herein to the highest short-term debt rating of a Rating Agency shall mean
        “A-1+” in the case of Standard & Poor's and “P-1” in the case of Moody's,
        and in the case of any other Rating Agency such references shall mean such
        rating categories without regard to any plus or minus.

       

      “Realized
        Loss”: With respect to each Mortgage Loan or REO Property as to which a Cash
        Liquidation or REO Disposition has occurred, an amount (not less than zero)
        equal to (i) the Stated Principal Balance of the Mortgage Loan as of the
        date of
        Cash Liquidation or REO Disposition, plus (ii) interest (and REO Imputed
        Interest, if any) at the Net Mortgage Rate from the Due Date as to which
        interest was last paid or advanced to Certificateholders up to the date of
        the
        Cash Liquidation or REO Disposition on the Stated Principal Balance of such
        Mortgage Loan outstanding during each Due Period that such interest was not
        paid
        or advanced, minus (iii) the proceeds, if any, received during the month
        in
        which such Cash Liquidation or REO Disposition occurred, to the extent applied
        as recoveries of interest at the Net Mortgage Rate and to principal of the
        Mortgage Loan, net of the portion thereof reimbursable to the Master Servicer
        or
        any Sub-Servicer with respect to related Advances or Servicing Advances not
        previously reimbursed. 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.

       

      “Record
        Date”: With respect to each Distribution Date and the Offered Certificates, so
        long as such Certificates are Book-Entry Certificates, the Business Day prior
        to
        such Distribution Date. With respect to any Offered Certificates which are
        not
        Book-Entry Certificates, the close of business on the last Business Day of
        the
        month preceding the month in which such Distribution Date occurs.

       

      “Regular
        Certificate”: Any of the Certificates other than the Class R
        Certificates.

       

      “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 Relief Act, as amended, and similar legislation or
        regulations.

       

      “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 Loan 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 (exclusive of any Net WAC
        Shortfall Reserve Fund, any Master Servicer Prepayment Charge Payment Amounts
        and, for the avoidance of doubt, any Supplemental Interest Trust, any Swap
        Account and any Interest Rate Swap Agreement) with respect to which a REMIC
        election is to be made, conveyed in trust to the Trustee, for the benefit
        of the
        holders of the REMIC 1 Regular Interests and the Holders of the Class R
        Certificates (in respect of the Class R-1 Interest), consisting of: (i) each
        Mortgage Loan in Loan Group 1 (exclusive of payments of principal and interest
        due on or before the Cut-off Date, if any, received by the Master Servicer,
        which shall not constitute an asset of the Trust Fund) as from time to time
        are
        subject to this Agreement and all payments under and proceeds of such Mortgage
        Loans (exclusive of any late payment charges received on the Mortgage Loans),
        together with all documents included in the related Mortgage File, subject
        to
        Section 2.01; (ii) such funds or assets relating to such Mortgage Loans as
        from
        time to time are deposited in the Custodial Account or the Certificate Account
        and belonging to the Trust Fund; (iii) any related REO Property; (iv) the
        Primary Hazard Insurance Policies, if any, the Primary Insurance Policies,
        if
        any, and all other Insurance Policies with respect to such Mortgage Loans;
        and
        (v) the Depositor’s interest in respect of the representations and warranties
        made by the Sponsor in the Mortgage Loan Purchase Agreement as assigned to
        the
        Trustee pursuant to Section 2.04 hereof.

       

      “REMIC
        1
        Regular Interest”: 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. The designations
        for
        the respective REMIC 1 Regular Interests are set forth in the Preliminary
        Statement hereto. The REMIC 1 Regular Interests consist of REMIC 1 Regular
        Interests 1-1-A through REMIC 1 Regular Interest 1-60-B, REMIC 1 Regular
        Interest 1-Non-Swap and REMIC 1 Regular Interest P-R, each as designated
        in the
        Preliminary Statement hereto.

       

      “REMIC
        2”: The segregated pool of assets subject hereto (exclusive of any Net WAC
        Shortfall Reserve Fund, any Master Servicer Prepayment Charge Payment Amounts
        and, for the avoidance of doubt, any Supplemental Interest Trust, any Swap
        Account and any Interest Rate Swap Agreement) with respect to which a REMIC
        election is to be made, conveyed in trust to the Trustee, for the benefit
        of the
        holders of the REMIC 2 Regular Interests and the Holders of the Class R
        Certificates (in respect of the Class R-2 Interest), consisting of: (i) each
        Mortgage Loan in Loan Group 2 (exclusive of payments of principal and interest
        due on or before the Cut-off Date, if any, received by the Master Servicer,
        which shall not constitute an asset of the Trust Fund) as from time to time
        are
        subject to this Agreement and all payments under and proceeds of such Mortgage
        Loans (exclusive of any late payment charges received on the Mortgage Loans),
        together with all documents included in the related Mortgage File, subject
        to
        Section 2.01; (ii) such funds or assets relating to such Mortgage Loans as
        from
        time to time are deposited in the Custodial Account or the Certificate Account
        and belonging to the Trust Fund; (iii) any related REO Property; (iv) the
        Primary Hazard Insurance Policies, if any, the Primary Insurance Policies,
        if
        any, and all other Insurance Policies with respect to such Mortgage Loans;
        and
        (v) the Depositor’s interest in respect of the representations and warranties
        made by the Sponsor in the Mortgage Loan Purchase Agreement as assigned to
        the
        Trustee pursuant to Section 2.04 hereof.

       

      “REMIC
        2
        Regular Interest”: Any 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, 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 2 Regular Interests are set forth in the Preliminary
        Statement hereto. The REMIC 2 Regular Interests consist of REMIC 2 Regular
        Interests 2-1-A through REMIC 2 Regular Interest 2-119-B, REMIC 2 Regular
        Interest 2-Non-Swap and REMIC 2 Regular Interest P-M, each as designated
        in the
        Preliminary Statement hereto.

       

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

       

      “REMIC
        3
        Group 1 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 sum of (x) the product of
        (i)
        the aggregate Stated Principal Balance of the Mortgage Loans in Loan Group
        1 and
        the related REO Properties then outstanding, minus the Certificate Principal
        Balance of the Class P-R Certificates, and (ii) the Uncertificated REMIC
        3
        Pass-Through Rate for REMIC 3 Regular Interest 1-AA minus the Group 1 Marker
        Rate, and (y) the accrued interest on REMIC 3 Regular Interest P-R, divided
        by
        (b) 12.

       

      “REMIC
        3
        Group 1 Overcollateralized Amount”: With respect to any date of determination,
        (i) 1.00% of the aggregate Uncertificated Principal Balance of the REMIC
        3 Group
        1 Regular Interests, other than REMIC 3 Regular Interest P-R, minus (ii)
        the
        aggregate Uncertificated Principal Balance of each REMIC 3 Group 1 Regular
        Interest for which a Class 1-A, Class 1-M or Class 1-B Certificate is a
        Corresponding Certificate, in each case, as of such date of
        determination.

       

      “REMIC
        3
        Group 1 Overcollateralization Target Amount”: 1.00% of the Group 1
        Overcollateralization Target Amount.

       

      “REMIC
        3
        Group 1 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 in Loan Group 1 and the related REO Properties
        then outstanding, minus the Certificate Principal Balance of the Class P-R
        Certificates, and (ii) 1 minus a fraction, the numerator of which is two
        (2)
        times the aggregate Uncertificated Principal Balance of each REMIC 3 Group
        1
        Regular Interest for which a Class 1-A, Class 1-M or Class 1-B Certificate
        is a
        Corresponding Certificate and the denominator of which is the aggregate
        Uncertificated Principal Balance of each REMIC 3 Group 1 Regular Interest
        for
        which a Class 1-A, Class 1-M or Class 1-B Certificate is a Corresponding
        Certificate and REMIC 3 Regular Interest 1-ZZ.

       

      “REMIC
        3
        Group 1 Regular Interest”: Any of the REMIC 3 Regular Interests 1-AA, 1-ZZ,
        1-A1-1, 1-A1-2, 1-A2-A, 1-A2-B, 1-A2-C, 1-M-1, 1-M-2, 1-M-3, 1-M-4, 1-M-5,
        1-M-6, 1-M-7, 1-M-8, 1-B, 1-IO and P-R.

       

      “REMIC
        3
        Group 2 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 sum of (x) the product of
        (i)
        the aggregate Stated Principal Balance of the Mortgage Loans in Loan Group
        2 and
        the related REO Properties then outstanding, minus the Certificate Principal
        Balance of the Class P-M Certificates, and (ii) the Uncertificated REMIC
        3
        Pass-Through Rate for REMIC 3 Regular Interest 2-AA minus the Group 2 Marker
        Rate, and (y) the accrued interest on REMIC 3 Regular Interest P-M, divided
        by
        (b) 12.

       

      “REMIC
        3
        Group 2 Overcollateralized Amount”: With respect to any date of determination,
        (i) 1.00% of the aggregate Uncertificated Principal Balance of the REMIC
        3 Group
        2 Regular Interests, other than REMIC 3 Regular Interest P-M, minus (ii)
        the
        aggregate Uncertificated Principal Balance of each REMIC 3 Group 2 Regular
        Interest for which a Class 2-A, Class 2-M or Class 2-B Certificate is a
        Corresponding Certificate, in each case, as of such date of
        determination.

       

      “REMIC
        3
        Group 2 Overcollateralization Target Amount”: 1.00% of the Group 2
        Overcollateralization Target Amount.

       

      “REMIC
        3
        Group 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 in Loan Group 2 and the related REO Properties
        then outstanding, minus the Certificate Principal Balance of the Class P-M
        Certificates, and (ii) 1 minus a fraction, the numerator of which is two
        (2)
        times the aggregate Uncertificated Principal Balance of each REMIC 3 Group
        2
        Regular Interest for which a Class 2-A, Class 2-M or Class 2-B Certificate
        is a
        Corresponding Certificate and the denominator of which is the aggregate
        Uncertificated Principal Balance of each REMIC 3 Group 2 Regular Interest
        for
        which a Class 2-A, Class 2-M or Class 2-B Certificate is a Corresponding
        Certificate and REMIC 3 Regular Interest 2-ZZ.

       

      “REMIC
        3
        Group 2 Regular Interest”: Any of the REMIC 3 Regular Interests 2-AA, 2-ZZ,
        2-A-1, 2-A-2, 2-M-1, 2-M-2, 2-M-3, 2-B, 2-IO and P-M.

       

      “REMIC
        3
        Regular Interest”: Any of the separate non-certificated beneficial ownership
        interests in REMIC 3 issued hereunder and designated as a Regular Interest
        in
        REMIC 3. Each REMIC 3 Regular Interest shall accrue interest at the related
        Uncertificated REMIC 3 Pass-Through Rate in effect from time to time, and
        (except for the REMIC 3 Regular Interests 1-IO and 2-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 3 Regular Interests are set forth in the Preliminary Statement hereto.
        The
        REMIC 3 Regular Interests consist of the REMIC 3 Group 1 Regular Interests
        and
        REMIC 3 Group 2 Regular Interests.

       

      “REMIC
        4”: The segregated pool of assets consisting of all of the REMIC 3 Regular
        Interests conveyed in trust to the Trustee, for the benefit of the holders
        of
        the Regular 4 Regular Interests and the Holders of the Class R 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”: The Class 1-IO Interest, Class 2-IO Interest or any Regular
        Interest in REMIC 4 the ownership of which is represented by any of the Regular
        Certificates.

       

      “REMIC
        Provisions”: Provisions of the federal income tax law relating to real estate
        mortgage investment conduits, which appear at Sections 860A through 860G
        of
        Subchapter M of Chapter 1 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.

       

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

       

      “Remittance
        Report”: A report prepared by the Master Servicer providing the information set
        forth in Exhibit E attached hereto.

       

      “REO
        Acquisition”: The acquisition by the Master Servicer on behalf of the Trustee
        for the benefit of the Certificateholders of any REO Property pursuant to
        Section 3.15.

       

      “REO
        Disposition”: The receipt by the Master Servicer of Insurance Proceeds,
        Liquidation Proceeds and other payments and recoveries (including proceeds
        of a
        final sale) which the Master Servicer expects to be finally recoverable from
        the
        sale or other disposition of the REO Property.

       

      “REO
        Imputed Interest”: As to any REO Property, for any period, an amount equivalent
        to interest (at the Mortgage Rate that would have been applicable to the
        related
        Mortgage Loan had it been outstanding) on the unpaid principal balance of
        the
        Mortgage Loan as of the date of acquisition thereof (as such balance is reduced
        pursuant to Section 3.15 by any income from the REO Property treated as a
        recovery of principal).

       

      “REO
        Proceeds”: Proceeds, net of directly related expenses, received in respect of
        any REO Property (including, without limitation, proceeds from the rental
        of the
        related Mortgaged Property and of any REO Disposition), which proceeds are
        required to be deposited into the Custodial Account as and when
        received.

       

      “REO
        Property”: A Mortgaged Property acquired by the Master Servicer on behalf of the
        Trust Fund through foreclosure or deed-in-lieu of foreclosure in connection
        with
        a defaulted Mortgage Loan.

       

      “Request
        for Release”: A release signed by a Servicing Officer, in the form of Exhibits
        F-1 or F-2 attached hereto.

       

      “Residual
        Certificate”: Any of the Class R 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, the Chairman or Vice Chairman
        of the Board of Directors or Trustees, the Chairman or Vice Chairman of the
        Executive or Standing Committee of the Board of Directors or Trustees, the
        President, the Chairman of the Committee on Trust Matters, any vice president,
        any assistant vice president, the Secretary, any assistant secretary, the
        Treasurer, any assistant treasurer, any trust officer or assistant trust
        officer
        or any other officer of the Trustee customarily performing functions similar
        to
        those performed by any of the above designated officers and also, with respect
        to a particular matter, any other officer to whom such matter is referred
        because of such officer's knowledge of and familiarity with the particular
        subject.

       

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

       

      “Servicing
        Advances”: All customary, reasonable and necessary “out of pocket” costs and
        expenses incurred in connection with a default, delinquency or other
        unanticipated event in the performance by the Master Servicer or any
        Sub-Servicer of its servicing obligations, 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,
        including any expenses incurred in relation to any such proceedings that
        result
        from the Mortgage Loan being registered on the MERS System, (iii) the management
        and liquidation of any REO Property, including reasonable fees paid to any
        independent contractor in connection therewith, and (iv) compliance with
        the
        obligations under the second paragraph of Section 3.01, Section 3.09 and
        Section
        3.13 (other than any deductible described in the last paragraph
        thereof).

       

      “Servicing
        Criteria” The “servicing criteria” set forth in Item 1122(d) of Regulation AB,
        as such may be amended from time to time, or those Servicing Criteria otherwise
        mutually agreed to by Sponsor, the Master Servicer and the applicable
        Sub-Servicer in response to evolving interpretations of Regulation AB and
        incorporated into a revised Exhibit N. 

       

      “Servicing
        Guide”: The Impac Funding Corporation Servicing Guide attached hereto as Exhibit
        K.

       

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

       

      “Single
        Certificate”: A Regular Certificate of any Class (other than a Class P
        Certificate) evidencing an Initial Certificate Principal Balance of $1,000,
        or,
        in the case of a Class P Certificate, a Certificate of such Class evidencing
        an
        Initial Certificate Principal Balance of $100.

       

      “Specially
        Serviced Multifamily Loan”: A multifamily loan with respect to which certain
        delinquency, loss or foreclosure events have occurred as provided in the
        Servicing Agreement, including any multifamily loan which is 60 days or more
        delinquent. 

       

      “Sponsor”
        Impac Funding Corporation, or its successor in interest. 

       

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

       

      “Startup
        Day”: The day designated as such pursuant to Article X hereof.

       

      “Stated
        Principal Balance”: With respect to any Mortgage Loan or related REO Property at
        any given time, (i) the principal balance of the Mortgage Loan outstanding
        as of
        the Cut-off Date, after application of principal payments due on or before
        such
        date, whether or not received, minus (ii) the sum of (a) the principal portion
        of the Monthly Payments due with respect to such Mortgage Loan or REO Property
        during each Due Period ending prior to the most recent Distribution Date
        which
        were received or with respect to which an Advance was made, and (b) all
        Principal Prepayments with respect to such Mortgage Loan or REO Property,
        and
        all Insurance Proceeds, Liquidation Proceeds and REO Proceeds to the extent
        applied by the Master Servicer as recoveries of principal in accordance with
        Section 3.15 with respect to such Mortgage Loan or REO Property, which were
        distributed pursuant to Section 4.01 on any previous Distribution Date, and
        (c)
        any Realized Loss with respect thereto allocated pursuant to Section 4.07
        for
        any previous Distribution Date.

       

      “Step-Up
        Date”: The Group 1 Step-Up Date or the Group 2 Step-Up Date.

       

      “Stepdown
        Date”: The Group 1 Stepdown Date or the Group 2 Stepdown Date.

       

      “Stepdown
        Target Subordination Percentage”: For each class of Subordinate Certificates,
        the respective percentages indicated in the following table:

       

      
        	 	
                Stepdown
                  Target Subordination Percentage

              
	
                Class
                  1-M-1

              	
                11.70%

              
	
                Class
                  1-M-2

              	
                9.20%

              
	
                Class
                  1-M-3

              	
                7.60%

              
	
                Class
                  1-M-4

              	
                6.60%

              
	
                Class
                  1-M-5

              	
                5.60%

              
	
                Class
                  1-M-6

              	
                4.60%

              
	
                Class
                  1-M-7

              	
                3.60%

              
	
                Class
                  1-M-8

              	
                2.60%

              
	
                Class
                  2-M-1

              	
                30.60%

              
	
                Class
                  2-M-2

              	
                22.20%

              
	
                Class
                  2-M-3

              	
                12.00%

              
	
                Class
                  1-B

              	
                1.60%

              
	
                Class
                  2-B

              	
                9.80%

              

      

      

      “Subordinate
        Certificates”: The Class 1-M-1, Class 1-M-2, Class 1-M-3, Class 1-M-4, Class
        1-M-5, Class 1-M-6, Class 1-M-7, Class 1-M-8, Class 1-B, Class 2-M-1, Class
        2-M-2, Class 2-M-3 and Class 2-B Certificates.

       

      “Subordinate
        Class Principal Distribution Amount”: The Group 1 Subordinate Class Principal
        Amount or the Group 2 Subordinate Class Principal Distribution Amount, as
        applicable.

       

      “Subsequent
        Recoveries”: Any Liquidation Proceeds (net of amounts owed to the Master
        Servicer or any Sub-Servicer with respect to the related Mortgage Loan) received
        after the final liquidation of a Mortgage Loan. If Subsequent Recoveries
        are
        received, they will be included as part of the Principal Remittance Amount
        for
        the following Distribution Date and distributed in accordance with the
        priorities described in Section 4.01 of this Agreement. In addition, after
        giving effect to all distributions on a Distribution Date, if any Allocated
        Realized Loss Amounts are outstanding, the Allocated Realized Loss Amount
        for
        the class of Offered Certificates then outstanding with the highest distribution
        priority will be decreased by the amount of such Subsequent Recoveries until
        reduced to zero (with any remaining Subsequent Recoveries applied to reduce
        the
        Allocated Realized Loss Amount of the class with the next highest distribution
        priority), and the Certificate Principal Balance of such class or classes
        of
        Offered Certificates will be increased by the same amount. Thereafter, such
        class or classes of Offered Certificates will accrue interest on the increased
        Certificate Principal Balance.

       

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

       

      “Sub-Servicer
        Remittance Date”: The 18th day of each month, or if such day is not a Business
        Day, the immediately preceding Business Day.

       

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

       

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

       

      “Sub-Servicing
        Fees”: With respect to each Mortgage Loan, accrued interest at the Sub-Servicing
        Fee Rate with respect to the Mortgage Loan on the same principal balance
        on
        which interest on the Mortgage Loan accrues for the calendar month. The
        Sub-Servicing Fees consist of subservicing and other related compensation
        payable to the related Sub-Servicer or to the Master Servicer if the Master
        Servicer is directly servicing the loan.

       

      “Sub-Servicing
        Fee Rate”: As to each Group 1 Loan which is an adjustable-rate mortgage loan,
        including any such mortgage loan with an initial fixed rate, 0.375% per annum.
        For each fixed rate mortgage loan, 0.25% per annum. For each second lien
        mortgage loan, 0.50% per annum. On each Group 2 Loan, a rate equal to 0.25%
        per
        annum, with such rate increasing to 0.7500% per annum for any multifamily
        loan
        that becomes a Specially Serviced Multifamily Loan.

       

      “Substitution
        Adjustment”: As defined in Section 2.04 hereof.

       

      “Supplemental
        Interest Trust”: The Group 1 Supplemental Interest Trust or the Group 2
        Supplemental Interest Trust.

       

      “Swap
        Account”: As defined in Section 4.09(i).

       

      “Swap
        LIBOR”: LIBOR as determined pursuant to each Interest Rate Swap
        Agreement.

       

      “Swap
        Optional Termination Payment”: As defined in Section 9.01 hereof.

       

      “Swap
        Provider”: The Group 1 Swap Provider or the Group 2 Swap Provider.

       

      “Swap
        Provider Trigger Event”: With respect to any Distribution Date, (i) an Event of
        Default under the related Interest Rate Swap Agreement with respect to which
        the
        related Swap Provider is a Defaulting Party, (ii) a Termination Event under
        the
        related Interest Rate Swap Agreement with respect to which the related Swap
        Provider is the sole Affected Party, or (iii) an Additional Termination Event
        under the related Interest Rate Swap Agreement with respect to which the
        related
        Swap Provider is the sole Affected Party.

       

      “Swap
        Termination Payment”: Upon the designation of an “Early Termination Date” as
        defined in the related Interest Rate Swap Agreement, the payment to be made
        by
        the related Supplemental Interest Trust to the related Swap Provider, or
        by the
        related Swap Provider to the related Supplemental Interest Trust, as applicable,
        pursuant to the terms of the related Interest Rate Swap Agreement.

       

      “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 Interests
        in a REMIC 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.

       

      “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 REMIC
        Taxable Income or Net Loss Allocation, or any successor forms, to be filed
        on
        behalf of REMIC 1, REMIC 2, REMIC 3 and REMIC 4 due to their classification
        as
        REMICs under the REMIC Provisions, 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.

       

      “Transfer”:
        Any direct or indirect transfer, sale, pledge, hypothecation or other form
        of
        assignment of any Ownership Interest in a Certificate.

       

      “Transferor”:
        Any Person who is disposing by Transfer of any Ownership Interest in a
        Certificate.

       

      “Trust
        Fund”: REMIC 1, REMIC 2, REMIC 3, REMIC 4, the Net WAC Shortfall Reserve Funds
        and Master Servicer Prepayment Charge Payment Amounts.

       

      “Trustee”:
        Deutsche Bank National Trust Company, or its successor in interest, or any
        successor trustee appointed as herein provided.

       

      “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 Net Prepayment
        Interest Shortfalls and Relief Act Interest Shortfalls (allocated to such
        REMIC
        Regular Interests as set forth in Section 1.03).

       

      “Uncertificated
        Notional Balance”: With respect to REMIC 3 Regular Interest 1-IO 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

              
	
                1

              	
                1-1-A
                  through 1-60-A

              
	
                2

              	
                1-2-A
                  through 1-60-A

              
	
                3

              	
                1-3-A
                  through 1-60-A

              
	
                4

              	
                1-4-A
                  through 1-60-A

              
	
                5

              	
                1-5-A
                  through 1-60-A

              
	
                6

              	
                1-6-A
                  through 1-60-A

              
	
                7

              	
                1-7-A
                  through 1-60-A

              
	
                8

              	
                1-8-A
                  through 1-60-A

              
	
                9

              	
                1-9-A
                  through 1-60-A

              
	
                10

              	
                1-10-A
                  through 1-60-A

              
	
                11

              	
                1-11-A
                  through 1-60-A

              
	
                12

              	
                1-12-A
                  through 1-60-A

              
	
                13

              	
                1-13-A
                  through 1-60-A

              
	
                14

              	
                1-14-A
                  through 1-60-A

              
	
                15

              	
                1-15-A
                  through 1-60-A

              
	
                16

              	
                1-16-A
                  through 1-60-A

              
	
                17

              	
                1-17-A
                  through 1-60-A

              
	
                18

              	
                1-18-A
                  through 1-60-A

              
	
                19

              	
                1-19-A
                  through 1-60-A

              
	
                20

              	
                1-20-A
                  through 1-60-A

              
	
                21

              	
                1-21-A
                  through 1-60-A

              
	
                22

              	
                1-22-A
                  through 1-60-A

              
	
                23

              	
                1-23-A
                  through 1-60-A

              
	
                24

              	
                1-24-A
                  through 1-60-A

              
	
                25

              	
                1-25-A
                  through 1-60-A

              
	
                26

              	
                1-26-A
                  through 1-60-A

              
	
                27

              	
                1-27-A
                  through 1-60-A

              
	
                28

              	
                1-28-A
                  through 1-60-A

              
	
                29

              	
                1-29-A
                  through 1-60-A

              
	
                30

              	
                1-30-A
                  through 1-60-A

              
	
                31

              	
                1-31-A
                  through 1-60-A

              
	
                32

              	
                1-32-A
                  through 1-60-A

              
	
                33

              	
                1-33-A
                  through 1-60-A

              
	
                34

              	
                1-34-A
                  through 1-60-A

              
	
                35

              	
                1-35-A
                  through 1-60-A

              
	
                36

              	
                1-36-A
                  through 1-60-A

              
	
                37

              	
                1-37-A
                  through 1-60-A

              
	
                38

              	
                1-38-A
                  through 1-60-A

              
	
                39

              	
                1-39-A
                  through 1-60-A

              
	
                40

              	
                1-40-A
                  through 1-60-A

              
	
                41

              	
                1-41-A
                  through 1-60-A

              
	
                42

              	
                1-42-A
                  through 1-60-A

              
	
                43

              	
                1-43-A
                  through 1-60-A

              
	
                44

              	
                1-44-A
                  through 1-60-A

              
	
                45

              	
                1-45-A
                  through 1-60-A

              
	
                46

              	
                1-46-A
                  through 1-60-A

              
	
                47

              	
                1-47-A
                  through 1-60-A

              
	
                48

              	
                1-48-A
                  through 1-60-A

              
	
                49

              	
                1-49-A
                  through 1-60-A

              
	
                50

              	
                1-50-A
                  through 1-60-A

              
	
                51

              	
                1-51-A
                  through 1-60-A

              
	
                52

              	
                1-52-A
                  through 1-60-A

              
	
                53

              	
                1-53-A
                  through 1-60-A

              
	
                54

              	
                1-54-A
                  through 1-60-A

              
	
                55

              	
                1-55-A
                  through 1-60-A

              
	
                56

              	
                1-56-A
                  through 1-60-A

              
	
                57

              	
                1-57-A
                  through 1-60-A

              
	
                58

              	
                1-58-A
                  through 1-60-A

              
	
                59

              	
                1-59-A
                  through 1-60-A

              
	
                60

              	
                1-60-A

              
	
                thereafter

              	
                $0.00

              

      

      

       

      With
        respect to REMIC 3 Regular Interest 2-IO and each Distribution Date listed
        below, the aggregate Uncertificated Principal Balance of the REMIC 2 Regular
        Interests ending with the designation “A” listed below:

       

      
        	
                Distribution
                  Date

              	
                REMIC
                  2 Regular Interests

              
	
                1

              	
                2-1-A
                  through 2-119-A

              
	
                2

              	
                2-2-A
                  through 2-119-A

              
	
                3

              	
                2-3-A
                  through 2-119-A

              
	
                4

              	
                2-4-A
                  through 2-119-A

              
	
                5

              	
                2-5-A
                  through 2-119-A

              
	
                6

              	
                2-6-A
                  through 2-119-A

              
	
                7

              	
                2-7-A
                  through 2-119-A

              
	
                8

              	
                2-8-A
                  through 2-119-A

              
	
                9

              	
                2-9-A
                  through 2-119-A

              
	
                10

              	
                2-10-A
                  through 2-119-A

              
	
                11

              	
                2-11-A
                  through 2-119-A

              
	
                12

              	
                2-12-A
                  through 2-119-A

              
	
                13

              	
                2-13-A
                  through 2-119-A

              
	
                14

              	
                2-14-A
                  through 2-119-A

              
	
                15

              	
                2-15-A
                  through 2-119-A

              
	
                16

              	
                2-16-A
                  through 2-119-A

              
	
                17

              	
                2-17-A
                  through 2-119-A

              
	
                18

              	
                2-18-A
                  through 2-119-A

              
	
                19

              	
                2-19-A
                  through 2-119-A

              
	
                20

              	
                2-20-A
                  through 2-119-A

              
	
                21

              	
                2-21-A
                  through 2-119-A

              
	
                22

              	
                2-22-A
                  through 2-119-A

              
	
                23

              	
                2-23-A
                  through 2-119-A

              
	
                24

              	
                2-24-A
                  through 2-119-A

              
	
                25

              	
                2-25-A
                  through 2-119-A

              
	
                26

              	
                2-26-A
                  through 2-119-A

              
	
                27

              	
                2-27-A
                  through 2-119-A

              
	
                28

              	
                2-28-A
                  through 2-119-A

              
	
                29

              	
                2-29-A
                  through 2-119-A

              
	
                30

              	
                2-30-A
                  through 2-119-A

              
	
                31

              	
                2-31-A
                  through 2-119-A

              
	
                32

              	
                2-32-A
                  through 2-119-A

              
	
                33

              	
                2-33-A
                  through 2-119-A

              
	
                34

              	
                2-34-A
                  through 2-119-A

              
	
                35

              	
                2-35-A
                  through 2-119-A

              
	
                36

              	
                2-36-A
                  through 2-119-A

              
	
                37

              	
                2-37-A
                  through 2-119-A

              
	
                38

              	
                2-38-A
                  through 2-119-A

              
	
                39

              	
                2-39-A
                  through 2-119-A

              
	
                40

              	
                2-40-A
                  through 2-119-A

              
	
                41

              	
                2-41-A
                  through 2-119-A

              
	
                42

              	
                2-42-A
                  through 2-119-A

              
	
                43

              	
                2-43-A
                  through 2-119-A

              
	
                44

              	
                2-44-A
                  through 2-119-A

              
	
                45

              	
                2-45-A
                  through 2-119-A

              
	
                46

              	
                2-46-A
                  through 2-119-A

              
	
                47

              	
                2-47-A
                  through 2-119-A

              
	
                48

              	
                2-48-A
                  through 2-119-A

              
	
                49

              	
                2-49-A
                  through 2-119-A

              
	
                50

              	
                2-50-A
                  through 2-119-A

              
	
                51

              	
                2-51-A
                  through 2-119-A

              
	
                52

              	
                2-52-A
                  through 2-119-A

              
	
                53

              	
                2-53-A
                  through 2-119-A

              
	
                54

              	
                2-54-A
                  through 2-119-A

              
	
                55

              	
                2-55-A
                  through 2-119-A

              
	
                56

              	
                2-56-A
                  through 2-119-A

              
	
                57

              	
                2-57-A
                  through 2-119-A

              
	
                58

              	
                2-58-A
                  through 2-119-A

              
	
                59

              	
                2-59-A
                  through 2-119-A

              
	
                60

              	
                2-60-A
                  through 2-119-A

              
	
                61

              	
                2-61-A
                  through 2-119-A

              
	
                62

              	
                2-62-A
                  through 2-119-A

              
	
                63

              	
                2-63-A
                  through 2-119-A

              
	
                64

              	
                2-64-A
                  through 2-119-A

              
	
                65

              	
                2-65-A
                  through 2-119-A

              
	
                66

              	
                2-66-A
                  through 2-119-A

              
	
                67

              	
                2-67-A
                  through 2-119-A

              
	
                68

              	
                2-68-A
                  through 2-119-A

              
	
                69

              	
                2-69-A
                  through 2-119-A

              
	
                70

              	
                2-70-A
                  through 2-119-A

              
	
                71

              	
                2-71-A
                  through 2-119-A

              
	
                72

              	
                2-72-A
                  through 2-119-A

              
	
                73

              	
                2-73-A
                  through 2-119-A

              
	
                74

              	
                2-74-A
                  through 2-119-A

              
	
                75

              	
                2-75-A
                  through 2-119-A

              
	
                76

              	
                2-76-A
                  through 2-119-A

              
	
                77

              	
                2-77-A
                  through 2-119-A

              
	
                78

              	
                2-78-A
                  through 2-119-A

              
	
                79

              	
                2-79-A
                  through 2-119-A

              
	
                80

              	
                2-80-A
                  through 2-119-A

              
	
                81

              	
                2-81-A
                  through 2-119-A

              
	
                82

              	
                2-82-A
                  through 2-119-A

              
	
                83

              	
                2-83-A
                  through 2-119-A

              
	
                84

              	
                2-84-A
                  through 2-119-A

              
	
                85

              	
                2-85-A
                  through 2-119-A

              
	
                86

              	
                2-86-A
                  through 2-119-A

              
	
                87

              	
                2-87-A
                  through 2-119-A

              
	
                88

              	
                2-88-A
                  through 2-119-A

              
	
                89

              	
                2-89-A
                  through 2-119-A

              
	
                90

              	
                2-90-A
                  through 2-119-A

              
	
                91

              	
                2-91-A
                  through 2-119-A

              
	
                92

              	
                2-92-A
                  through 2-119-A

              
	
                93

              	
                2-93-A
                  through 2-119-A

              
	
                94

              	
                2-94-A
                  through 2-119-A

              
	
                95

              	
                2-95-A
                  through 2-119-A

              
	
                96

              	
                2-96-A
                  through 2-119-A

              
	
                97

              	
                2-97-A
                  through 2-119-A

              
	
                98

              	
                2-98-A
                  through 2-119-A

              
	
                99

              	
                2-99-A
                  through 2-119-A

              
	
                100

              	
                2-100-A
                  through 2-119-A

              
	
                101

              	
                2-101-A
                  through 2-119-A

              
	
                102

              	
                2-102-A
                  through 2-119-A

              
	
                103

              	
                2-103-A
                  through 2-119-A

              
	
                104

              	
                2-104-A
                  through 2-119-A

              
	
                105

              	
                2-105-A
                  through 2-119-A

              
	
                106

              	
                2-106-A
                  through 2-119-A

              
	
                107

              	
                2-107-A
                  through 2-119-A

              
	
                108

              	
                2-108-A
                  through 2-119-A

              
	
                109

              	
                2-109-A
                  through 2-119-A

              
	
                110

              	
                2-110-A
                  through 2-119-A

              
	
                111

              	
                2-111-A
                  through 2-119-A

              
	
                112

              	
                2-112-A
                  through 2-119-A

              
	
                113

              	
                2-113-A
                  through 2-119-A

              
	
                114

              	
                2-114-A
                  through 2-119-A

              
	
                115

              	
                2-115-A
                  through 2-119-A

              
	
                116

              	
                2-116-A
                  through 2-119-A

              
	
                117

              	
                2-117-A
                  through 2-119-A

              
	
                118

              	
                2-118-A
                  through 2-119-A

              
	
                119

              	
                2-119-A

              
	
                thereafter

              	
                $0.00

              

      

      

       

      With
        respect to the Class 1-IO Interest and any Distribution Date, an amount equal
        to
        the Uncertificated Notional Amount of the REMIC 3 Regular Interest
        1-IO.

       

      With
        respect to the Class 2-IO Interest and any Distribution Date, an amount equal
        to
        the Uncertificated Notional Amount of the REMIC 3 Regular Interest
        2-IO.

       

      “Uncertificated
        Pass-Through Rate”: The Uncertificated REMIC 1 Pass-Through Rate, Uncertificated
        REMIC 2 Pass-Through Rate or Uncertificated REMIC 3 Pass-Through
        Rate.

       

      “Uncertificated
        Principal Balance”: With respect to each REMIC Regular Interest, the principal
        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 such REMIC
        Regular Interest shall be reduced by all distributions of principal made
        on such
        REMIC Regular Interest on such Distribution Date pursuant to Section 4.04
        and,
        if and to the extent necessary and appropriate, shall be further reduced
        on such
        Distribution Date by Realized Losses as provided in Section 4.05. The
        Uncertificated Principal Balances of REMIC 3 Regular Interest 1-ZZ and REMIC
        3
        Regular Interest 2-ZZ shall be increased by interest deferrals as provided
        in
        Sections 4.04(c)(1)(ii) and 4.04(c)(2)(ii), respectively. The Uncertificated
        Principal Balance of each REMIC Regular Interest shall never be less than
        zero.

       

      “Uncertificated
        REMIC 1 Pass-Through Rate”: With respect to REMIC 1 Regular Interests P-R and
        1-Non-Swap and any Distribution Date, a per annum rate equal to the Group
        1 Net
        WAC Rate for such Distribution Date.

       

      With
        respect to each REMIC 1 Regular Interest ending with the designation “A” and any
        Distribution Date, a per annum rate equal to the Group 1 Net Mortgage Rate
        for
        such Distribution Date multiplied by 2, subject to a maximum rate equal to
        2
        multiplied by the per annum fixed rate set forth in the Group 1 Interest
        Rate
        Swap Agreement to be used in determining the Net Swap Payment under such
        agreement for such Distribution Date.

       

      With
        respect to each REMIC 1 Regular Interest ending with the designation “B” and any
        Distribution Date, a per annum rate equal to the greater of (x) the excess
        of
        (1) 2 multiplied by the Group 1 Net Mortgage Rate for such Distribution Date,
        over (2) 2 multiplied by the per annum fixed rate set forth in the Group
        1
        Interest Rate Swap Agreement to be used in determining the Net Swap Payment
        under such agreement for such Distribution Date, and (y) 0.00%.

       

      “Uncertificated
        REMIC 2 Pass-Through Rate”: With respect to REMIC 2 Regular Interests P-M and
        2-Non-Swap and any Distribution Date, a per annum rate equal to the weighted
        average of the Net Mortgage Rates of the Mortgage Loans in Loan Group 2 as
        of
        the first date of the month preceding the month in which such Distribution
        Date
        occurs.

       

      With
        respect to each REMIC 2 Regular Interest ending with the designation “A” and any
        Distribution Date, a per annum rate equal to the weighted average of the
        Net
        Mortgage Rates of the Mortgage Loans in Loan Group 2 as of the first date
        of the
        month preceding the month in which such Distribution Date occurs, multiplied
        by
        2, subject to a maximum rate equal to 2 multiplied by the per annum fixed
        rate
        set forth in the Group 2 Interest Rate Swap Agreement to be used in determining
        the Net Swap Payment under such agreement for such Distribution
        Date.

       

      With
        respect to each REMIC 2 Regular Interest ending with the designation “B” and any
        Distribution Date, a per annum rate equal to the greater of (x) the excess
        of
        (1) 2 multiplied by the weighted average of the Net Mortgage Rates of the
        Mortgage Loans in Loan Group 2 as of the first date of the month preceding
        the
        month in which such Distribution Date occurs, over (2) 2 multiplied by the
        per
        annum fixed rate set forth in the Group 2 Interest Rate Swap Agreement to
        be
        used in determining the Net Swap Payment under such agreement for such
        Distribution Date, and (y) 0.00%.

       

      “Uncertificated
        REMIC 3 Pass-Through Rate”: With respect to each REMIC 3 Group 1 Regular
        Interest (other than REMIC 3 Regular Interest 1-IO) and any Distribution
        Date, a
        per annum rate equal to the weighted average of (i) the Uncertificated REMIC
        1
        Pass-Through Rates for the REMIC 1 Regular Interests ending with the designation
        “B”, REMIC 1 Regular Interest P-R and REMIC 1 Regular Interest 1-Non-Swap for
        such Distribution Date, and (ii) the rates listed below for the REMIC 1 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 1 Regular Interest for such Distribution Date:

       

      
        	
                Distribution
                  Date

              	
                 

                REMIC
                  1 Regular Interest

              	
                 

                Rate

              
	
                1

              	
                1-1-A
                  through 1-60-A

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

              
	
                2

              	
                1-2-A
                  through 1-60-A

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

              
	 	
                1-1-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                3

              	
                1-3-A
                  through 1-60-A

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

              
	 	
                1-1-A
                  through 1-2-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                4

              	
                1-4-A
                  through 1-60-A

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

              
	 	
                1-1-A
                  through 1-3-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                5

              	
                1-5-A
                  through 1-60-A

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

              
	 	
                1-1-A
                  through 1-4-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                6

              	
                1-6-A
                  through 1-60-A

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

              
	 	
                1-1-A
                  through 1-5-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                7

              	
                1-7-A
                  through 1-60-A

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

              
	 	
                1-1-A
                  through 1-6-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                8

              	
                1-8-A
                  through 1-60-A

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

              
	 	
                1-1-A
                  through 1-7-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                9

              	
                1-9-A
                  through 1-60-A

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

              
	 	
                1-1-A
                  through 1-8-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                10

              	
                1-10-A
                  through 1-60-A

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

              
	 	
                1-1-A
                  through 1-9-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                11

              	
                1-11-A
                  through 1-60-A

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

              
	 	
                1-1-A
                  through 1-10-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                12

              	
                1-12-A
                  through 1-60-A

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

              
	 	
                1-1-A
                  through 1-11-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                13

              	
                1-13-A
                  through 1-60-A

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

              
	 	
                1-1-A
                  through 1-12-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                14

              	
                1-14-A
                  through 1-60-A

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

              
	 	
                1-1-A
                  through 1-13-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                15

              	
                1-15-A
                  through 1-60-A

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

              
	 	
                1-1-A
                  through 1-14-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                16

              	
                1-16-A
                  through 1-60-A

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

              
	 	
                1-1-A
                  through 1-15-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                17

              	
                1-17-A
                  through 1-60-A

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

              
	 	
                1-1-A
                  through 1-16-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                18

              	
                1-18-A
                  through 1-60-A

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

              
	 	
                1-1-A
                  through 1-17-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                19

              	
                1-19-A
                  through 1-60-A

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

              
	 	
                1-1-A
                  through 1-18-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                20

              	
                1-20-A
                  through 1-60-A

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

              
	 	
                1-1-A
                  through 1-19-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                21

              	
                1-21-A
                  through 1-60-A

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

              
	 	
                1-1-A
                  through 1-20-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                22

              	
                1-22-A
                  through 1-60-A

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

              
	 	
                1-1-A
                  through 1-21-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                23

              	
                1-23-A
                  through 1-60-A

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

              
	 	
                1-1-A
                  through 1-22-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                24

              	
                1-24-A
                  through 1-60-A

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

              
	 	
                1-1-A
                  through 1-23-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                25

              	
                1-25-A
                  through 1-60-A

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

              
	 	
                1-1-A
                  through 1-24-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                26

              	
                1-26-A
                  through 1-60-A

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

              
	 	
                1-1-A
                  through 1-25-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                27

              	
                1-27-A
                  through 1-60-A

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

              
	 	
                1-1-A
                  through 1-26-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                28

              	
                1-28-A
                  through 1-60-A

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

              
	 	
                1-1-A
                  through 1-27-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                29

              	
                1-29-A
                  through 1-60-A

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

              
	 	
                1-1-A
                  through 1-28-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                30

              	
                1-30-A
                  through 1-60-A

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

              
	 	
                1-1-A
                  through 1-29-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                31

              	
                1-31-A
                  through 1-60-A

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

              
	 	
                1-1-A
                  through 1-30-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                32

              	
                1-32-A
                  through 1-60-A

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

              
	 	
                1-1-A
                  through 1-31-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                33

              	
                1-33-A
                  through 1-60-A

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

              
	 	
                1-1-A
                  through 1-32-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                34

              	
                1-34-A
                  through 1-60-A

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

              
	 	
                1-1-A
                  through 1-33-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                35

              	
                1-35-A
                  through 1-60-A

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

              
	 	
                1-1-A
                  through 1-34-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                36

              	
                1-36-A
                  through 1-60-A

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

              
	 	
                1-1-A
                  through 1-35-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                37

              	
                1-37-A
                  through 1-60-A

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

              
	 	
                1-1-A
                  through 1-36-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                38

              	
                1-38-A
                  through 1-60-A

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

              
	 	
                1-1-A
                  through 1-37-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                39

              	
                1-39-A
                  through 1-60-A

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

              
	 	
                1-1-A
                  through 1-38-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                40

              	
                1-40-A
                  through 1-60-A

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

              
	 	
                1-1-A
                  through 1-39-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                41

              	
                1-41-A
                  through 1-60-A

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

              
	 	
                1-1-A
                  through 1-40-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                42

              	
                1-42-A
                  through 1-60-A

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

              
	 	
                1-1-A
                  through 1-41-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                43

              	
                1-43-A
                  through 1-60-A

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

              
	 	
                1-1-A
                  through 1-42-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                44

              	
                1-44-A
                  through 1-60-A

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

              
	 	
                1-1-A
                  through 1-43-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                45

              	
                1-45-A
                  through 1-60-A

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

              
	 	
                1-1-A
                  through 1-44-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                46

              	
                1-46-A
                  through 1-60-A

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

              
	 	
                1-1-A
                  through 1-45-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                47

              	
                1-47-A
                  through 1-60-A

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

              
	 	
                1-1-A
                  through 1-46-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                48

              	
                1-48-A
                  through 1-60-A

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

              
	 	
                1-1-A
                  through 1-47-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                49

              	
                1-49-A
                  through 1-60-A

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

              
	 	
                1-1-A
                  through 1-48-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                50

              	
                1-50-A
                  through 1-60-A

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

              
	 	
                1-1-A
                  through 1-49-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                51

              	
                1-51-A
                  through 1-60-A

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

              
	 	
                1-1-A
                  through 1-50-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                52

              	
                1-52-A
                  through 1-60-A

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

              
	 	
                1-1-A
                  through 1-51-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                53

              	
                1-53-A
                  through 1-60-A

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

              
	 	
                1-1-A
                  through 1-52-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                54

              	
                1-54-A
                  through 1-60-A

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

              
	 	
                1-1-A
                  through 1-53-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                55

              	
                1-55-A
                  through 1-60-A

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

              
	 	
                1-1-A
                  through 1-54-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                56

              	
                1-56-A
                  through 1-60-A

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

              
	 	
                1-1-A
                  through 1-55-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                57

              	
                1-57-A
                  through 1-60-A

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

              
	 	
                1-1-A
                  through 1-56-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                58

              	
                1-58-A
                  through 1-60-A

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

              
	 	
                1-1-A
                  through 1-57-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                59

              	
                1-59-A
                  through 1-60-A

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

              
	 	
                1-1-A
                  through 1-58-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                60

              	
                1-60-A
                  

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

              
	 	
                1-1-A
                  through 1-59-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              
	
                thereafter

              	
                1-1-A
                  through 1-60-A

              	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              

      

       

      With
        respect to REMIC 3 Regular Interest 1-IO and any Distribution Date, a per
        annum
        rate equal to the excess of (i) the weighted average of the Uncertificated
        REMIC
        1 Pass-Through Rates for the REMIC 1 Regular Interests ending with the
        designation “A” for such Distribution Date over (ii) 2 multiplied by Swap LIBOR
        for such Distribution Date.

       

      With
        respect to each REMIC 3 Group 2 Regular Interest (other than REMIC 3 Regular
        Interest 1-IO) and any Distribution Date, a per annum rate equal to the weighted
        average of (i) the Uncertificated REMIC 2 Pass-Through Rates for the REMIC
        2
        Regular Interests ending with the designation “B”, REMIC 2 Regular Interest P-M
        and REMIC 2 Regular Interest 2-Non-Swap for such Distribution Date, and (ii)
        the
        rates listed below for the REMIC 2 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 2 Regular Interest for
        such
        Distribution Date:

       

      
        	
                Distribution
                  Date

              	
                 

                REMIC
                  2 Regular Interest

              	
                 

                Rate

              
	
                1

              	
                2-1-A
                  through 2-119-A

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

              
	
                2

              	
                2-2-A
                  through 2-119-A

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

              
	 	
                2-1-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                3

              	
                2-3-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-1-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                4

              	
                2-4-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-3-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                5

              	
                2-5-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-4-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                6

              	
                2-6-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-5-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                7

              	
                2-7-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-6-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                8

              	
                2-8-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-7-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                9

              	
                2-9-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-8-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                10

              	
                2-10-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-9-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                11

              	
                2-11-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-10-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                12

              	
                2-12-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-11-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                13

              	
                2-13-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-12-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                14

              	
                2-14-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-13-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                15

              	
                2-15-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-14-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                16

              	
                2-16-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-15-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                17

              	
                2-17-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-16-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                18

              	
                2-18-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-17-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                19

              	
                2-19-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-18-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                20

              	
                2-20-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-19-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                21

              	
                2-21-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-20-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                22

              	
                2-22-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-21-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                23

              	
                2-23-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-22-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                24

              	
                2-24-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-23-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                25

              	
                2-25-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-24-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                26

              	
                2-26-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-25-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                27

              	
                2-27-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-26-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                28

              	
                2-28-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-27-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                29

              	
                2-29-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-28-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                30

              	
                2-30-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-29-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                31

              	
                2-31-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-30-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                32

              	
                2-32-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-31-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                33

              	
                2-33-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-32-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                34

              	
                2-34-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-33-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                35

              	
                2-35-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-34-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                36

              	
                2-36-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-35-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                37

              	
                2-37-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-36-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                38

              	
                2-38-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-37-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                39

              	
                2-39-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-38-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                40

              	
                2-40-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-39-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                41

              	
                2-41-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-40-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                42

              	
                2-42-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-41-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                43

              	
                2-43-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-42-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                44

              	
                2-44-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-43-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                45

              	
                2-45-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-44-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                46

              	
                2-46-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-45-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                47

              	
                2-47-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-46-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                48

              	
                2-48-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-47-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                49

              	
                2-49-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-48-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                50

              	
                2-50-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-49-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                51

              	
                2-51-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-50-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                52

              	
                2-52-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-51-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                53

              	
                2-53-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-52-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                54

              	
                2-54-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-53-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                55

              	
                2-55-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-54-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                56

              	
                2-56-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-55-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                57

              	
                2-57-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-56-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                58

              	
                2-58-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-57-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                59

              	
                2-59-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-58-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                60

              	
                2-60-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-59-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                61

              	
                2-61-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-60-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                62

              	
                2-62-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-61-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                63

              	
                2-63-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-62-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                64

              	
                2-64-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-63-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                65

              	
                2-65-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-64-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                66

              	
                2-66-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-65-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                67

              	
                2-67-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-66-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                68

              	
                2-68-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-67-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                69

              	
                2-69-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-68-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                70

              	
                2-70-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-69-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                71

              	
                2-71-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-70-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                72

              	
                2-72-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-71-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                73

              	
                2-73-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-72-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                74

              	
                2-74-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-73-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                75

              	
                2-75-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-74-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                76

              	
                2-76-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-75-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                77

              	
                2-77-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-76-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                78

              	
                2-78-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-77-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                79

              	
                2-79-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-78-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                80

              	
                2-80-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-79-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                81

              	
                2-81-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-80-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                82

              	
                2-82-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-81-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                83

              	
                2-83-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-82-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                84

              	
                2-84-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-83-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                85

              	
                2-85-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-84-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                86

              	
                2-86-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-85-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                87

              	
                2-87-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-86-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                88

              	
                2-88-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-87-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                89

              	
                2-89-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-88-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                80

              	
                2-80-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-89-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                91

              	
                2-92-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-90-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                92

              	
                2-91-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-91-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                93

              	
                2-93-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-92-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                94

              	
                2-94-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-93-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                95

              	
                2-95-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-94-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                96

              	
                2-96-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-95-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                97

              	
                2-97-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-96-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                98

              	
                2-98-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-97-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                99

              	
                2-99-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-98-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                90

              	
                2-90-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-99-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                101

              	
                2-101-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-100-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                102

              	
                2-102-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-101-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                103

              	
                2-103-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-102-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                104

              	
                2-104-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-103-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                105

              	
                2-105-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-104-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                106

              	
                2-106-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-105-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                107

              	
                2-107-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-106-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                108

              	
                2-108-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-107-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                109

              	
                2-109-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-108-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                110

              	
                2-100-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-109-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                111

              	
                2-111-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-110-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                112

              	
                2-112-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-111-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                113

              	
                2-113-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-112-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                114

              	
                2-114-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-113-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                115

              	
                2-115-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-114-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                116

              	
                2-116-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-115-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                117

              	
                2-117-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-116-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                118

              	
                2-118-A
                  through 2-119-A

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

              
	 	
                2-1-A
                  through 2-119-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                119

              	
                2-119-A
                  

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

              
	 	
                2-1-A
                  through 2-118-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              
	
                thereafter

              	
                2-1-A
                  through 2-119-A

              	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              

      

       

      With
        respect to REMIC 3 Regular Interest 2-IO and any Distribution Date, a per
        annum
        rate equal to the excess of (i) the weighted average of the Uncertificated
        REMIC
        2 Pass-Through Rates for the REMIC 2 Regular Interests ending with the
        designation “A” for such Distribution Date over (ii) 2 multiplied by Swap LIBOR
        for such Distribution Date.

       

      “Uninsured
        Cause”: Any cause of damage to property subject to a Mortgage such that the
        complete restoration of such property is not fully reimbursable by the hazard
        insurance policies or flood insurance policies required to be maintained
        pursuant to Section 3.13.

       

      “United
        States Person”: A citizen or resident of the United States, a corporation or a
        partnership (including an 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 or any State thereof or the District of Columbia
        (except, in the case of a partnership, to the extent provided in regulations)
        provided that, for purposes solely of the restrictions on the transfer of
        Class
        R 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 whose income is subject to United
        States federal income tax regardless of its source, 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 such United States Persons have
        the
        authority to control all substantial decisions of the trust. To the extent
        prescribed in regulations by the Secretary of the Treasury, which have not
        yet
        been issued, a trust which was in existence on August 20, 1996 (other than
        a
        trust treated as owned by the grantor under subpart E of part I of subchapter
        J
        of chapter 1 of the Code), and which was treated as a United States person
        on
        August 20, 1996 may elect to continue to be treated as a United States person
        notwithstanding the previous sentence.

       

      “Unpaid
        Interest Shortfall Amount”: For each Class of Offered Certificates and any
        Distribution Date, the amount, if any, by which (a) the sum of (1) the Monthly
        Interest Distributable Amount for such Class for such Distribution Date and
        (2)
        the outstanding Unpaid Interest Shortfall Amount, if any, for such Class
        for the
        immediately 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 Distribution Date, plus interest on the amount of Unpaid
        Interest Shortfall Amount due but not paid on such Class on the immediately
        preceding Distribution Date, to the extent permitted by law, at the Pass-Through
        Rate for such Class for the related Accrual Period.

       

      “Voting
        Rights”: The portion of the voting rights of all of the Certificates which is
        allocated to any Certificate. At all times during the term of this Agreement,
        (i) 98% of all Voting Rights will be allocated among the Holders of the Class
        A
        Certificates, the Subordinate Certificates and the Class C Certificates in
        proportion to the then outstanding Certificate Principal Balances of their
        respective Certificates, (ii) 1% of all Voting Rights will be allocated to
        the
        Holders of the Class P Certificates and (iii) 1% of all Voting Rights will
        be
        allocated to the Holders of the Class R Certificates. The Voting Rights
        allocated to any Class of Certificates shall be allocated among all Holders
        of
        the Certificates of such Class in proportion to the outstanding Percentage
        Interests in such Class represented thereby.

       

      “Weighted
        Average Net Mortgage Rate”: The weighted average of the Net Mortgage Rates of
        the Mortgage Loans, weighted on the basis of the Stated Principal Balances
        thereof as of the close of business on the first day of the calendar month
        preceding the month in which such Distribution Date occurs.

       

      
        	Section
                1.02.  	
                Determination
                  of LIBOR.

              

      

       

      LIBOR
        applicable to the calculation of the Pass-Through Rate on the Class A
        Certificates and Subordinate Certificates for any Accrual Period will be
        determined on each LIBOR Rate Adjustment Date.

       

      On
        each
        LIBOR Rate Adjustment Date, LIBOR shall be established by the Trustee and,
        as to
        any Accrual Period, will equal the rate for one month United States dollar
        deposits that appears on the Telerate Screen Page 3750 as of 11:00 a.m.,
        London
        time, on such LIBOR Rate Adjustment Date. “Telerate Screen Page 3750” means the
        display designated as page 3750 on the Telerate Service (or such other page
        as
        may replace page 3750 on that service for the purpose of displaying London
        interbank offered rates of major banks). 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, LIBOR shall be so established by use of such
        other
        service for displaying LIBOR or comparable rates as may be selected by the
        Trustee after consultation with the Master Servicer), the rate will be the
        Reference Bank Rate. The “Reference Bank Rate” will be determined on the basis
        of the rates at which deposits in U.S. Dollars are offered by the reference
        banks (which shall be any three major banks that are engaged in transactions
        in
        the London interbank market, selected by the Trustee after consultation with
        the
        Master Servicer) as of 11:00 a.m., London time, on the LIBOR Rate Adjustment
        Date to prime banks in the London interbank market for a period of one month
        in
        amounts approximately equal to the aggregate Certificate Principal Balance
        of
        the Class A Certificates and Subordinate Certificates then outstanding. The
        Trustee will request the principal London office of each of the reference
        banks
        to provide a quotation of its rate. If at least two such quotations are
        provided, the rate will be the arithmetic mean of the quotations rounded
        up to
        the next multiple of 1/16%. If on such date fewer than two quotations are
        provided as requested, the rate will be the arithmetic mean of the rates
        quoted
        by one or more major banks in New York City, selected by the Trustee after
        consultation with the Master Servicer, as of 11:00 a.m., New York City time,
        on
        such date for loans in U.S. Dollars to leading European banks for a period
        of
        one month. If no such quotations can be obtained, the rate will be LIBOR
        for the
        prior Distribution Date; provided however, if, under the priorities described
        above, LIBOR for a Distribution Date would be based on LIBOR for the previous
        Distribution Date for the third consecutive Distribution Date, the Trustee
        shall
        select an alternative comparable index after consultation with the Master
        Servicer (over which the Trustee has no control), used for determining one-month
        Eurodollar lending rates that is calculated and published (or otherwise made
        available) by an independent party.

       

      The
        establishment of LIBOR by the Trustee on any LIBOR Rate Adjustment Date and
        the
        Trustee’s subsequent calculation of the Pass-Through Rate applicable to the
        Class A Certificates and Subordinate Certificates for the relevant Accrual
        Period, in the absence of manifest error, will be final and
        binding.

       

      Promptly
        following each LIBOR Rate Adjustment Date the Trustee shall supply the Master
        Servicer with the results of its determination of LIBOR on such date.
        Furthermore, the Trustee will supply to any Certificateholder so requesting
        by
        telephone the Pass-Through Rate on the Class A Certificates and Subordinate
        Certificates for the current and the immediately preceding Accrual
        Period.

       

      
        	Section
                1.03.  	
                Allocation
                  of Certain Interest Shortfalls.

              

      

       

      For
        purposes of calculating the amount of the Monthly Interest Distributable
        Amount
        for the Class A Certificates, the Subordinate 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 related Mortgage Loans for any Distribution Date shall
        be
        allocated first, among the related Class C Certificates, based on, and to
        the
        extent of, one month's interest at the then applicable Pass-Through Rate
        on the
        related Notional Balance of each such Certificate and, thereafter, among
        the
        Class A Certificates and the Subordinate Certificates 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 and (2) the aggregate amount of any Realized Losses
        incurred for any Distribution Date shall be allocated among the related Class
        C
        Certificates, based on, and to the extent of, one month's interest at the
        then
        applicable Pass-Through Rate on the related Notional Balance 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 Loan Group 1 shall be allocated first, to REMIC 1
        Regular
        Interests ending with the designation “B” and REMIC 1 Regular Interests P-R and
        1-Non-Swap, 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 Loan Group 2 shall be allocated first, to REMIC 2
        Regular
        Interests ending with the designation “B” and REMIC 2 Regular Interests P-M and
        2-Non-Swap, pro
        rata,
        based
        on, and to the extent of, one month’s interest at the then applicable respective
        Uncertificated REMIC 2 Pass-Through Rates on the respective Uncertificated
        Principal Balances of each such REMIC 2 Regular Interest, and then, to REMIC
        2
        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 2 Pass-Through Rates on the respective Uncertificated
        Principal Balances of each such REMIC 2 Regular Interest.

       

      For
        purposes of calculating the amount of Uncertificated Accrued Interest for
        the
        REMIC 3 Group 1 Regular Interests (other than REMIC 3 Regular Interest 1-IO)
        for
        any Distribution Date, the aggregate amount of any Net Prepayment Interest
        Shortfalls and any Relief Act Interest Shortfalls incurred in respect of
        the
        Loan Group 1 for any Distribution Date shall be allocated first, to
        Uncertificated Accrued Interest payable to REMIC 3 Regular Interest 1-AA
        and
        REMIC 3 Regular Interest 1-ZZ up to an aggregate amount equal to the REMIC
        3
        Group 1 Interest Loss Allocation Amount, 98% and 2%, respectively, and
        thereafter among REMIC 3 Regular Interest 1-AA, each REMIC 3 Group 1 Regular
        Interest for which a Class 1-A, Class 1-B, Class 1-M or Class P-R Certificate
        is
        the Corresponding Certificate and REMIC 3 Regular Interest 1-ZZ, pro
        rata,
        based
        on, and to the extent of, one month’s interest at the then applicable respective
        Uncertificated REMIC 3 Pass-Through Rates on the respective Uncertificated
        Principal Balances of each such REMIC 3 Regular Interest.

       

      For
        purposes of calculating the amount of Uncertificated Accrued Interest for
        the
        REMIC 3 Group 2 Regular Interests (other than REMIC 3 Regular Interest 2-IO)
        for
        any Distribution Date, the aggregate amount of any Net Prepayment Interest
        Shortfalls and any Relief Act Interest Shortfalls incurred in respect of
        the
        Loan Group 2 for any Distribution Date shall be allocated first, to
        Uncertificated Accrued Interest payable to REMIC 3 Regular Interest 2-AA
        and
        REMIC 3 Regular Interest 2-ZZ up to an aggregate amount equal to the REMIC
        3
        Group 2 Interest Loss Allocation Amount, 98% and 2%, respectively, and
        thereafter among REMIC 3 Regular Interest 2-AA, each REMIC 3 Group 2 Regular
        Interest for which a Class 2-A, Class 2-B, Class 2-M or Class P-M Certificate
        is
        the Corresponding Certificate and REMIC 3 Regular Interest 2-ZZ, pro
        rata,
        based
        on, and to the extent of, one month’s interest at the then applicable respective
        Uncertificated REMIC 3 Pass-Through Rates on the respective Uncertificated
        Principal Balances of each such REMIC 3 Regular Interest. 

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      ARTICLE
        II

       

      CONVEYANCE
        OF MORTGAGE LOANS;

      ORIGINAL
        ISSUANCE OF CERTIFICATES

       

      
        	Section
                2.01.  	
                Conveyance
                  of Mortgage Loans.

              

      

       

      The
        Depositor, as of the Closing Date, and concurrently with the execution and
        delivery hereof, does hereby assign, transfer, sell, set over and otherwise
        convey to the Trustee without recourse all the right, title and interest
        of the
        Depositor in and to the Mortgage Loans identified on the Mortgage Loan Schedule
        (exclusive of any prepayment fees and late payment charges received thereon)
        and
        all other assets included or to be included in the Trust Fund for the benefit
        of
        the Certificateholders, including the amount to be deposited by or on behalf
        of
        the Depositor into the Net WAC Shortfall Reserve Funds. Such assignment includes
        all principal and interest received by the Master Servicer on or with respect
        to
        the Mortgage Loans (other than payment of principal and interest due on or
        before the Cut-off Date). The Trustee is hereby authorized and directed to
        enter
        into the Corridor Contracts.

       

      In
        connection with such transfer and assignment, the Depositor has caused the
        Sponsor to deliver to, and deposit with the Custodian, as described in the
        Mortgage Loan Purchase Agreement, with respect to each Mortgage Loan, the
        following documents or instruments:

       

      (i)  the
        original Mortgage Note endorsed without recourse, “Deutsche Bank National Trust
        Company, as trustee under the Pooling and Servicing Agreement relating to
        Impac
        Secured Assets Corp., Mortgage Pass-Through Certificates, Series 2006-2” with
        all intervening endorsements showing an unbroken chain of endorsements from
        the
        originator to the Person endorsing it to the Trustee or, with respect to
        any
        Mortgage Loan as to which the original Mortgage Note has been permanently
        lost
        or destroyed and has not been replaced, a Lost Note Affidavit;

       

      (ii)  the
        original recorded 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 indicated thereon or, if the
        original Mortgage has not been returned from the public recording office,
        a copy
        of the Mortgage certified by the Sponsor or the public recording office in
        which
        such Mortgage has been recorded to be a true and complete copy of the original
        Mortgage submitted for recording;

       

      (iii)  unless
        the Mortgage Loan is registered on the MERS® System, a duly executed original
        Assignment of the Mortgage, without recourse, in recordable form to Deutsche
        Bank National Trust Company, as trustee,” or to “Deutsche Bank National Trust
        Company, as trustee for holders of Impac Secured Assets Corp., Mortgage
        Pass-Through Certificates, Series 2006-2”;

       

      (iv)  the
        original recorded Assignment or Assignments of the Mortgage showing an unbroken
        chain of assignment from the originator thereof to the Person assigning it
        to
        the Trustee (or to MERS, if the Mortgage Loan is registered on the MERS® System
        and noting the presence of a MIN) or, if any such Assignment has not been
        returned from the applicable public recording office, a copy of such Assignment
        certified by the Sponsor to be a true and complete copy of the original
        Assignment submitted to the title insurance company for recording;

       

      (v)  the
        original title insurance policy, or, if such policy has not been issued,
        any one
        of an original or a copy of the preliminary title report, title binder or
        title
        commitment on the Mortgaged Property with the original policy of the insurance
        to be delivered promptly following the receipt thereof;

       

      (vi)  a
        copy of
        the related hazard insurance policy; and

       

      (vii)  a
        true
        and correct copy of any assumption, modification, consolidation or substitution
        agreement.

       

      The
        Sponsor is obligated as described in the Mortgage Loan Purchase Agreement,
        with
        respect to the Mortgage Loans, to deliver to the Custodian: (a) either the
        original recorded Mortgage, or in the event such original cannot be delivered
        by
        the Sponsor, a copy of such Mortgage certified as true and complete by the
        appropriate recording office, in those instances where a copy thereof certified
        by the Sponsor was delivered to the Custodian pursuant to clause (ii) above;
        and
        (b) either the original Assignment or Assignments of the Mortgage, with evidence
        of recording thereon, showing an unbroken chain of assignment from the
        originator to the Sponsor, or in the event such original cannot be delivered
        by
        the Sponsor, a copy of such Assignment or Assignments certified as true and
        complete by the appropriate recording office, in those instances where copies
        thereof certified by the Sponsor were delivered to the Custodian pursuant
        to
        clause (iv) above. However, pursuant to the Mortgage Loan Purchase Agreement
        with respect to the Mortgage Loans, the Sponsor need not cause to be recorded
        any assignment in any jurisdiction under the laws of which, as evidenced
        by an
        Opinion of Counsel delivered by the Sponsor 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 shall
        be
        submitted for recording by the Sponsor in the manner described above, at
        no
        expense to the Trust or the Trustee, upon the earliest to occur of: (i)
        direction by the Holders of Certificates evidencing at least 25% of the Voting
        Rights, (ii) the occurrence of a Event of Default, (iii) the occurrence of
        a
        bankruptcy, insolvency or foreclosure relating to the Sponsor, (iv) the
        occurrence of a servicing transfer as described in Section 7.02 hereof and
        (v)
        if the Sponsor is not the Master Servicer and with respect to any one
        assignment, the occurrence of a bankruptcy, insolvency or foreclosure relating
        to the Mortgagor under the related Mortgage.

       

      Notwithstanding
        anything to the contrary contained in this Section 2.01, in those instances
        where the public recording office retains the original Mortgage after it
        has
        been recorded, the Sponsor shall be deemed to have satisfied its obligations
        hereunder upon delivery to the Custodian of a copy of such Mortgage certified
        by
        the public recording office to be a true and complete copy of the recorded
        original thereof.

       

      If
        any
        Assignment is lost or returned unrecorded to the Custodian because of any
        defect
        therein, the Sponsor is required, as described in the Mortgage Loan Purchase
        Agreement with respect to the Mortgage Loans, to prepare a substitute Assignment
        or cure such defect, as the case may be, and the Sponsor shall cause such
        Assignment to be recorded in accordance with this section.

       

      The
        Sponsor is required as described in the Mortgage Loan Purchase Agreement
        with
        respect to the Mortgage Loans, to exercise its best reasonable efforts to
        deliver or cause to be delivered to the Custodian within 120 days of the
        Closing
        Date, with respect to the Mortgage Loans, the original or a photocopy of
        the
        title insurance policy with respect to each such Mortgage Loan assigned to
        the
        Trustee pursuant to this Section 2.01.

       

      In
        connection with the assignment of any Mortgage Loan registered on the MERS®
System, the Sponsor further agrees that it will cause, at the Sponsor's own
        expense, as of the Closing Date, the MERS® System to indicate that such Mortgage
        Loans have been assigned by the Sponsor 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.
        The
        Depositor 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.

       

      All
        original documents relating to the Mortgage Loans which are not delivered
        to the
        Custodian are and shall be held by the Master Servicer in trust for the benefit
        of the Trustee on behalf of the Certificateholders.

       

      Except
        as
        may otherwise expressly be provided herein, none of the Depositor, the Master
        Servicer or the Trustee shall (and the Master Servicer shall ensure that
        no
        Sub-Servicer shall) assign, sell, dispose of or transfer any interest in
        the
        Trust Fund or any portion thereof, or cause the Trust Fund or any portion
        thereof to be subject to any lien, claim, mortgage, security interest, pledge
        or
        other encumbrance.

       

      It
        is
        intended that the conveyance of the Mortgage Loans by the Depositor to the
        Trustee as provided in this Section be, and be construed as, a sale of the
        Mortgage Loans as provided for in this Section 2.01 by the Depositor to the
        Trustee for the benefit of the Certificateholders. It is, further, not intended
        that such conveyance be deemed a pledge of the Mortgage Loans by the Depositor
        to the Trustee to secure a debt or other obligation of the Depositor. However,
        in the event that the Mortgage Loans are held to be property of the Depositor,
        or if for any reason this Agreement is held or deemed to create a security
        interest in the Mortgage Loans, then it is intended that, (a) this Agreement
        shall also be deemed to be a security agreement within the meaning of Articles
        8
        and 9 of the New York Uniform Commercial Code and the Uniform Commercial
        Code of
        any other applicable jurisdiction; (b) the conveyance provided for in this
        Section shall be deemed to be (1) a grant by the Depositor to the Trustee
        of a
        security interest in all of the Depositor's right (including the power to
        convey
        title thereto), title and interest, whether now owned or hereafter acquired,
        in
        and to (A) the Mortgage Loans, including the Mortgage Notes, the Mortgages,
        any
        related Insurance Policies and all other documents in the related Mortgage
        Files, (B) all amounts payable to the holders of the Mortgage Loans in
        accordance with the terms thereof and (C) all proceeds of the conversion,
        voluntary or involuntary, of the foregoing into cash, instruments, securities
        or
        other property, including without limitation all amounts from time to time
        held
        or invested in the Certificate Account or the Custodial Account, whether
        in the
        form of cash, instruments, securities or other property and (2) an assignment
        by
        the Depositor to the Trustee of any security interest in any and all of the
        Sponsor's right (including the power to convey title thereto), title and
        interest, whether now owned or hereafter acquired, in and to the property
        described in the foregoing clauses (1)(A) through (C); (c) the possession
        by the
        Trustee or any other Custodian or agent of the Trustee 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” or possession by a purchaser or a person designated by such secured
        party, for purposes of perfecting the security interest pursuant to the New
        York
        Uniform Commercial Code and the Uniform Commercial Code of any other applicable
        jurisdiction (including, without limitation, Sections 9-115, 9-305, 8-102,
        8-301, 8-501 and 8-503 thereof); 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 Trustee for the purpose of perfecting such security interest under
        applicable law. The Depositor and the Trustee 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 Mortgage
        Loans
        and the REMIC 1 Regular Interests, 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.

       

      Concurrently
        with the execution of this Agreement, the Interest Rate Swap Agreements shall
        be
        delivered to the Trustee. In connection therewith, the Company hereby directs
        the Trustee (not in its individual capacity, but solely in its capacity as
        such)
        to execute and deliver the Intereset Rate Swap Agreements.

       

      
        	Section
                2.02.  	
                Acceptance
                  of the Trust Fund by the Trustee.

              

      

       

      The
        Custodian, with respect to the Mortgage Files held by it, acknowledges receipt
        (subject to any exceptions noted in the Initial Certification described below)
        on behalf of the Trustee, 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
        holds and will hold such documents and the other documents delivered to it
        constituting the Mortgage Files, and that it holds or will hold such other
        assets included in the definition of “Trust Fund” (to the extent delivered or
        assigned to the Trustee), in trust for the exclusive use and benefit of all
        present and future Certificateholders.

       

      The
        Custodian agrees, for the benefit of the Certificateholders, to review or
        cause
        to be reviewed on its behalf, each Mortgage File on or before the Closing
        Date
        to ascertain that all documents required to be delivered to it are in its
        possession, and the Custodian agrees to execute and deliver, or cause to
        be
        executed and delivered, to the Depositor and the Master Servicer on the Closing
        Date, with respect to each Mortgage Loan, an Initial Certification in the
        form
        annexed hereto as Exhibit C to the effect 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 such certification as not covered
        by
        such certification), (i) all documents required to be delivered to it pursuant
        to this Agreement with respect to such Mortgage Loan are in its possession,
        (ii)
        such documents have been reviewed by it and appear regular on their face
        and
        relate to such Mortgage Loan and (iii) based on its examination and only
        as to
        the foregoing documents, the information set forth in items (i), (ii), (iii)(A)
        and (iv) of the definition of the “Mortgage Loan Schedule” accurately reflects
        information set forth in the Mortgage File. None of the Custodian, the Trustee
        or the Master Servicer shall be under any duty to determine whether any Mortgage
        File should include any of the documents specified in clause (vi) or (vii)
        of
        Section 2.01. None of the Custodian, the Trustee or the Master Servicer shall
        be
        under any 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 they are in recordable form or that they
        are
        other than what they purport to be on their face.

       

      Within
        90
        days of the Closing Date, with respect to the Mortgage Loans, the Trustee,
        or
        the Custodian on its behalf, shall deliver to the Depositor and the Master
        Servicer a Final Certification in the form annexed hereto as Exhibit D
        evidencing the completeness of the Mortgage Files, with any applicable
        exceptions noted thereon, with respect to all of the Mortgage
        Loans.

       

      If
        in the
        process of reviewing the Mortgage Files and preparing the certifications
        referred to above the Custodian finds any document or documents constituting
        a
        part of a Mortgage File to be missing or defective in any material respect,
        the
        Custodian shall promptly notify the Sponsor, the Master Servicer, the Trustee
        (if not the Custodian) and the Depositor. The Trustee shall promptly notify
        the
        Sponsor of such defect and request that the Sponsor cure any such defect
        within
        60 days from the date on which the Sponsor was notified of such defect, and
        if
        the Sponsor does not cure such defect in all material respects during such
        period, request on behalf of the Certificateholders that the Sponsor purchase
        such Mortgage Loan from the Trust Fund at the Purchase Price within 90 days
        after the date on which the Sponsor was notified of such defect; provided
        that
        if such defect would cause the Mortgage Loan to be other than a “qualified
        mortgage” as defined in Section 860G(a)(3) of the Code, any such cure or
        repurchase must occur within 90 days from the date such breach was discovered.
        It is understood and agreed that the obligation of the Sponsor to cure a
        material defect in, or purchase any Mortgage Loan as to which a material
        defect
        in a constituent document exists shall constitute the sole remedy respecting
        such defect available to Certificateholders or the Trustee on behalf of
        Certificateholders. The Purchase Price for the purchased Mortgage Loan shall
        be
        deposited or caused to be deposited upon receipt by the Master Servicer in
        the
        Custodial Account and, upon receipt by the Trustee of written notification
        of
        such deposit signed by a Servicing Officer, the Custodian shall release or
        cause
        to be released to the Sponsor the related Mortgage File and shall execute
        and
        deliver such instruments of transfer or assignment, in each case without
        recourse, as the Sponsor shall require as necessary to vest in the Sponsor
        ownership of any Mortgage Loan released pursuant hereto and at such time
        the
        Trustee and the Custodian shall have no further responsibility with respect
        to
        the related Mortgage File. In furtherance of the foregoing, if the Sponsor
        is
        not a member of MERS and the Mortgage is registered on the MERS® System, the
        Master Servicer, 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 Sponsor and shall
        cause such Mortgage to be removed from registration on the MERS® System in
        accordance with MERS' rules and regulations.

       

      
        	Section
                2.03.  	
                Representations,
                  Warranties and Covenants of the Master Servicer and the
                  Depositor.

              

      

       

      (a)  The
        Master Servicer hereby represents and warrants to and covenants with the
        Depositor and the Trustee for the benefit of Certificateholders
        that:

       

      (i)  The
        Master Servicer is, and throughout the term hereof shall remain, a corporation
        duly organized, validly existing and in good standing under the laws of the
        state of its incorporation (except as otherwise permitted pursuant to Section
        6.02), the Master Servicer is, and shall remain, in compliance with the laws
        of
        each state in which any Mortgaged Property is located to the extent necessary
        to
        perform its obligations under this Agreement, and the Master Servicer is,
        and
        shall remain, approved to sell mortgage loans to and service mortgage loans
        for
        Fannie Mae and Freddie Mac;

       

      (ii)  The
        execution and delivery of this Agreement by the Master Servicer, and the
        performance and compliance with the terms of this Agreement by the Master
        Servicer, will not violate the Master Servicer's articles of incorporation
        or
        bylaws or constitute a default (or an event which, with notice or lapse of
        time,
        or both, would constitute a default) under, or result in the breach of, any
        material agreement or other instrument to which it is a party or which is
        applicable to it or any of its assets;

       

      (iii)  The
        Master Servicer has the full power and authority to enter into and consummate
        all transactions contemplated by this Agreement, has duly authorized the
        execution, delivery and performance of this Agreement, and has duly executed
        and
        delivered this Agreement;

       

      (iv)  This
        Agreement, assuming due authorization, execution and delivery by the Depositor
        and the Trustee, constitutes a valid, legal and binding obligation of the
        Master
        Servicer, enforceable against the Master Servicer in accordance with the
        terms
        hereof, subject to (A) applicable bankruptcy, insolvency, reorganization,
        moratorium and other laws affecting the enforcement of creditors' rights
        generally, and (B) general principles of equity, regardless of whether such
        enforcement is considered in a proceeding in equity or at law;

       

      (v)  The
        Master Servicer is not in violation of, and its execution and delivery of
        this
        Agreement and its performance and compliance with the terms of this Agreement
        will not constitute a violation of, any law, any order or decree of any court
        or
        arbiter, or any order, regulation or demand of any federal, state or local
        governmental or regulatory authority, which violation is likely to affect
        materially and adversely either the ability of the Master Servicer to perform
        its obligations under this Agreement or the financial condition of the Master
        Servicer;

       

      (vi)  No
        litigation is pending (other than litigation with respect to which pleadings
        or
        documents have been filed with a court, but not served on the Master Servicer)
        or, to the best of the Master Servicer's knowledge, threatened against the
        Master Servicer which would prohibit its entering into this Agreement or
        performing its obligations under this Agreement or is likely to affect
        materially and adversely either the ability of the Master Servicer to perform
        its obligations under this Agreement or the financial condition of the Master
        Servicer;

       

      (vii)  The
        Master Servicer will comply in all material respects in the performance of
        this
        Agreement with all reasonable rules and requirements of each insurer under
        each
        Insurance Policy;

       

      (viii)  The
        execution of this Agreement and the performance of the Master Servicer's
        obligations hereunder do not require any license, consent or approval of
        any
        state or federal court, agency, regulatory authority or other governmental
        body
        having jurisdiction over the Master Servicer, other than such as have been
        obtained;

       

      (ix)  No
        information, certificate of an officer, statement furnished in writing or
        report
        delivered to the Depositor, any affiliate of the Depositor or the Trustee
        by the
        Master Servicer in its capacity as Master Servicer, and not in its capacity
        as a
        Sponsor hereunder, will, to the knowledge of the Master Servicer, contain
        any
        untrue statement of a material fact;

       

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

       

      (xi)  The
        Master Servicer is a member of MERS in good standing, and will 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.

       

      It
        is
        understood and agreed that the representations, warranties and covenants
        set
        forth in this Section 2.03(a) shall survive the execution and delivery of
        this
        Agreement, and shall inure to the benefit of the Depositor, the Trustee and
        the
        Certificateholders. Upon discovery by the Depositor, the Trustee or the Master
        Servicer of a breach of any of the foregoing representations, warranties
        and
        covenants that materially and adversely affects the interests of the Depositor
        or the Trustee, the party discovering such breach shall give prompt written
        notice to the other parties. Notwithstanding the foregoing, within 90 days
        of
        the earlier of discovery by the Master Servicer or receipt of notice by the
        Master Servicer of the breach of the covenant of the Master Servicer set
        forth
        in Section 2.03(x) above which materially and adversely affects the interests
        of
        the Holders of the Class P Certificates in any Prepayment Charge, the Master
        Servicer shall remedy such breach as follows: the Master Servicer shall 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 Custodial Account
        (net
        of any amount actually collected by the Master Servicer in respect of such
        Prepayment Charge and remitted by the Master Servicer, for the benefit of
        the
        Holders of the Class P Certificates, in respect of such Prepayment Charge,
        into
        the Custodial 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 any of the representations, warranties and covenants
        contained in the Mortgage Loan Purchase Agreement.

       

      (b)  The
        Depositor hereby represents and warrants to the Master Servicer and the Trustee
        for the benefit of Certificateholders that as of the Closing Date, the
        representations and warranties of the Sponsor with respect to the Mortgage
        Loans
        and the remedies therefor that are contained in the Mortgage Loan Purchase
        Agreement are as set forth in Exhibit I hereto.

       

      It
        is
        understood and agreed that the representations and warranties set forth in
        this
        Section 2.03(b) shall survive delivery of the respective Mortgage Files to
        the
        Custodian, on behalf of the Trustee.

       

      Upon
        discovery by either the Depositor, the Master Servicer or the Trustee of
        a
        breach of any representation or warranty set forth in this Section 2.03 which
        materially and adversely affects the interests of the Certificateholders
        in any
        Mortgage Loan, the party discovering such breach shall give prompt written
        notice to the other parties.

       

      
        	Section
                2.04.  	
                Representations
                  and Warranties of the Sponsor.

              

      

       

      The
        Depositor hereby assigns to the Trustee for the benefit of Certificateholders
        all of its rights (but none of its obligations) in, to and under the Mortgage
        Loan Purchase Agreement. Insofar as the Mortgage Loan Purchase Agreement
        relates
        to such representations and warranties and any remedies provided thereunder
        for
        any breach of such representations and warranties, such right, title and
        interest may be enforced by the Trustee on behalf of the Certificateholders.
        Upon the discovery by the Depositor, the Master Servicer or the Trustee of
        a
        breach of any of the representations and warranties made in the Mortgage
        Loan
        Purchase Agreement in respect of any Mortgage Loan which materially and
        adversely affects the interests of the Certificateholders in such Mortgage
        Loan,
        the party discovering such breach shall give prompt written notice to the
        other
        parties. The Trustee shall promptly notify the Sponsor of such breach and
        request that the Sponsor shall, within 90 days from the date that the Sponsor
        was notified or otherwise obtained knowledge of such breach, either (i) cure
        such breach in all material respects or (ii) purchase such Mortgage Loan
        from
        the Trust Fund at the Purchase Price and in the manner set forth in Section
        2.02; provided that if such breach would cause the Mortgage Loan to be other
        than a “qualified mortgage” as defined in Section 860G(a)(3) of the Code, any
        such cure or repurchase must occur within 90 days from the date such breach
        was
        discovered. However, in the case of a breach under the Mortgage Loan Purchase
        Agreement, subject to the approval of the Depositor the Sponsor shall have
        the
        option to substitute a Qualified Substitute Mortgage Loan or Loans for such
        Mortgage Loan if such substitution occurs within two years following the
        Closing
        Date, except that if the breach would cause the Mortgage Loan to be other
        than a
“qualified mortgage” as defined in Section 860G(a)(3) of the Code, any such
        substitution must occur within 90 days from the date the breach was discovered
        if such 90 day period expires before two years following the Closing Date.
        In
        the event that the Sponsor elects to substitute a Qualified Substitute Mortgage
        Loan or Loans for a Deleted Mortgage Loan pursuant to this Section 2.04,
        the
        Trustee shall enforce the obligation of the Sponsor under the Mortgage Loan
        Purchase Agreement to deliver to the Trustee and the Master Servicer, as
        appropriate, with respect to such Qualified Substitute Mortgage Loan or Loans,
        the original Mortgage Note, the Mortgage, an Assignment of the Mortgage in
        recordable form, and such other documents and agreements as are required
        by
        Section 2.01, with the Mortgage Note endorsed as required by Section 2.01.
        No
        substitution will be made in any calendar month after the Determination Date
        for
        such month. Monthly Payments due with respect to Qualified Substitute Mortgage
        Loans in the month of substitution, to the extent received by the Master
        Servicer or any Sub-Servicer, shall not be part of the Trust Fund and will
        be
        retained by the Master Servicer and remitted by the Master Servicer to the
        Sponsor on the next succeeding Distribution Date. For the month of substitution,
        distributions to Certificateholders will include the Monthly Payment due
        on a
        Deleted Mortgage Loan for such month and thereafter the Sponsor shall be
        entitled to retain all amounts received in respect of such Deleted Mortgage
        Loan. The Depositor shall amend or cause to be amended the Mortgage Loan
        Schedule for the benefit of the Certificateholders to reflect the removal
        of
        such Deleted Mortgage Loan and the substitution of the Qualified Substitute
        Mortgage Loan or Loans and the Depositor shall deliver the amended Mortgage
        Loan
        Schedule to the Trustee. Upon such substitution, the Qualified Substitute
        Mortgage Loan or Loans shall be subject to the terms of this Agreement in
        all
        respects, the Sponsor shall be deemed to have made the representations and
        warranties with respect to the Qualified Substitute Mortgage Loan contained
        in
        the Mortgage Loan Purchase Agreement as of the date of substitution, and
        the
        Depositor shall be deemed to have made with respect to any Qualified Substitute
        Mortgage Loan or Loans, as of the date of substitution, the representations
        and
        warranties set forth in Exhibit I hereof (other than representations (xiv),
        (xvi), (xxix) and (xxxiii) through (xli)).

       

      In
        connection with the substitution of one or more Qualified Substitute Mortgage
        Loans for one or more Deleted Mortgage Loans, the Master Servicer will determine
        the amount (the “Substitution Adjustment”), if any, by which the aggregate
        principal balance of all such Qualified Substitute Mortgage Loans as of the
        date
        of substitution is less than the aggregate Stated Principal Balance of all
        such
        Deleted Mortgage Loans (in each case after application of the principal portion
        of the Monthly Payments due in the month of substitution that are to be
        distributed to Certificateholders in the month of substitution). The Trustee
        shall enforce the obligation of the Sponsor under the Mortgage Loan Purchase
        Agreement to provide the Master Servicer on the day of substitution for
        immediate deposit into the Custodial Account the amount of such shortfall,
        without any reimbursement therefor. In accordance with the Mortgage Loan
        Purchase Agreement, the Sponsor shall give notice in writing to the Trustee
        of
        such event, which notice shall be accompanied by an Officers’ Certificate as to
        the calculation of such shortfall and by an Opinion of Counsel to the effect
        that such substitution will not cause (a) any federal tax to be imposed on
        REMIC
        1, REMIC 2, REMIC 3 or REMIC 4, including without limitation, any federal
        tax
        imposed on “prohibited transactions” under Section 860F(a)(1) of the Code or on
“contributions after the startup date” under Section 860G(d)(1) of the Code or
        (b) any of REMIC 1, REMIC 2, REMIC 3 or REMIC 4 to fail to qualify as a REMIC
        at
        any time that any Certificate is outstanding. The costs of any substitution
        as
        described above, including any related assignments, opinions or other
        documentation in connection therewith shall be borne by the
        Sponsor.

       

      Except
        as
        expressly set forth herein none of the Trustee or the Master Servicer is
        under
        any obligation to discover any breach of the above-mentioned representations
        and
        warranties. It is understood and agreed that the obligation of the Sponsor
        to
        cure such breach, purchase or to substitute for such Mortgage Loan as to
        which
        such a breach has occurred and is continuing shall constitute the sole remedy
        respecting such breach available to Certificateholders or the Trustee on
        behalf
        of Certificateholders.

       

      
        	Section
                2.05.  	
                Issuance
                  of Certificates; Conveyance of REMIC Regular Interests; Acceptance
                  of
                  REMIC 2, REMIC 3 and REMIC 4 by the
                  Trustee.

              

      

       

      (a)  The
        Trustee acknowledges the assignment to it of the Mortgage Loans and the delivery
        to it or to a Custodian on its behalf of the Mortgage Files, subject to the
        provisions of Sections 2.01 and 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.

       

      (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 and REMIC 2 Regular Interests for the benefit of the
        holders
        of the REMIC 3 Regular Interests and the Holders of the Class R Certificates
        (in
        respect of the Class R-3 Interest). The Trustee acknowledges receipt of the
        REMIC 1 Regular Interests and REMIC 2 Regular Interests (all of which are
        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 3 Regular Interests
        and the Holders of the Class R Certificates (in respect of the Class R-3
        Interest). The interests evidenced by the Class R-3 Interest, together with
        the
        REMIC 3 Regular Interests, constitute the entire beneficial ownership interest
        in REMIC 3.

       

      (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
        3 Regular Interests for the benefit of the holders of the REMIC 4 Regular
        Interests and the Holders of the Class R Certificates (in respect of the
        Class
        R-4 Interest). The Trustee acknowledges receipt of the REMIC 3 Regular Interests
        (which are 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 4 Regular
        Interests and the Holders of the Class R Certificates (in respect of the
        Class
        R-4 Interest). The interests evidenced by the Class R-4 Interest, together
        with
        the REMIC 4 Regular Interests, constitute the entire beneficial ownership
        interest in REMIC 4.

       

      (c)  In
        exchange for the REMIC 3 Regular Interests and, concurrently with the assignment
        to the Trustee thereof, pursuant to the written request of the Depositor
        executed by an officer of the Depositor, the Trustee has executed, authenticated
        and delivered to or upon the order of the Depositor, the Regular Certificates
        in
        authorized denominations evidencing (together with the Class R-4 Interest
        and
        Class IO Interests) the entire beneficial ownership interest in REMIC
        4.

       

      (d)  Concurrently
        with (i) the assignment and delivery to the Trustee of REMIC 1 (including
        the
        Residual Interest therein represented by the Class R-1 Interest) and the
        acceptance by the Trustee thereof, (ii) the assignment and delivery to the
        Trustee of REMIC 2 (including the Residual Interest therein represented by
        the
        Class R-2 Interest), (iii) the assignment and delivery to the Trustee of
        REMIC 3
        (including the Residual Interest therein represented by the Class R-3 Interest),
        and (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, the Trustee, from and 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 Class
        R
        Certificates in authorized denominations evidencing the Class R-1 Interest,
        Class R-2 Interest, Class R-3 Interest and Class R-4 Interest,
        respectively.

       

      
        	Section
                2.06.  	
                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 the Mortgage Loans and the other assets of the Trust Fund and the
        proceeds therefrom;

       

      (b)  to
        issue
        the Certificates sold to the Depositor in exchange for the Mortgage
        Loans;

       

      (c)  to
        make
        payments 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. The Trustee shall
        not knowingly and explicity 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, and this Section
        2.06 may not be amended, without the consent of the Certificateholders
        evidencing 51% or more of the aggregate voting rights of the
        Certificates.

       

      ARTICLE
        III

       

      ADMINISTRATION
        AND SERVICING

      OF
        THE
        TRUST FUND

       

      
        	Section
                3.01.  	
                Master
                  Servicer to Act as Master Servicer.

              

      

       

      The
        Master Servicer shall supervise, or take such actions as are necessary to
        ensure, the servicing and administration of the Mortgage Loans and any REO
        Property in accordance with this Agreement and its normal servicing practices,
        which generally shall conform to the standards (i) of the Servicing Guide,
        if
        Impac Funding Corporation is Master Servicer, or (ii) if Impac Funding
        Corporation is not the Master Servicer, of an institution prudently servicing
        mortgage loans for its own account and shall have full authority to do anything
        it reasonably deems appropriate or desirable in connection with such servicing
        and administration. To the extent consistent with the foregoing, the Master
        Servicer shall waive (or permit a Sub-Servicer to waive) a Prepayment Charge
        only if such waiver would maximize recovery of total proceeds taking into
        account the value of such Prepayment Charge and related Mortgage Loan and
        doing
        so is standard and customary in servicing mortgage loans similar to the Mortgage
        Loans (including any waiver of a Prepayment Charge in connection with a
        refinancing of a Mortgage Loan that is related to a default or a reasonably
        foreseeable default), and in no event will it waive a Prepayment Charge in
        connection with a refinancing of a Mortgage Loan that is not related to a
        default or a reasonably foreseeable default.

       

      The
        Master Servicer may perform its responsibilities relating to servicing through
        other agents or independent contractors, but shall not thereby be released
        from
        any of its responsibilities as hereinafter set forth. The authority of the
        Master Servicer, in its capacity as master servicer, and any Sub-Servicer
        acting
        on its behalf, shall include, without limitation, the power to (i) consult
        with
        and advise any Sub-Servicer regarding administration of a related Mortgage
        Loan,
        (ii) approve any recommendation by a Sub-Servicer to foreclose on a related
        Mortgage Loan, (iii) supervise the filing and collection of insurance claims
        and
        take or cause to be taken such actions on behalf of the insured Person
        thereunder as shall be reasonably necessary to prevent the denial of coverage
        thereunder, and (iv) effectuate foreclosure or other conversion of the ownership
        of the Mortgaged Property securing a related Mortgage Loan, including the
        employment of attorneys, the institution of legal proceedings, the collection
        of
        deficiency judgments, the acceptance of compromise proposals, the filing
        of
        claims under any Insurance Policy and any other matter pertaining to a
        delinquent Mortgage Loan. The authority of the Master Servicer shall include,
        in
        addition, the power on behalf of the Certificateholders, the Trustee or any
        of
        them to (i) execute and deliver customary consents or waivers and other
        instruments and documents, (ii) consent to transfer of any related Mortgaged
        Property and assumptions of the related Mortgage Notes and Security Instruments
        (in the manner provided in this Agreement) and (iii) collect any Insurance
        Proceeds and Liquidation Proceeds. If permitted under applicable law without
        prejudicing any rights of the Trust Fund with respect to any Mortgage Loan,
        the
        Master Servicer, with such documentation as local law requires, acting in
        its
        own name, may pursue claims on behalf of the Trust Fund. Without limiting
        the
        generality of the foregoing, the Master Servicer and any Sub-Servicer acting
        on
        its behalf may, and is hereby authorized, and empowered by the Trustee to,
        execute and deliver, on behalf of itself, the Certificateholders or the Trustee
        or any of them, any instruments of satisfaction, cancellation, partial or
        full
        release, discharge and all other comparable instruments, with respect to
        the
        related Mortgage Loans, the Insurance Policies and the accounts related thereto,
        and the Mortgaged Properties. The Master Servicer may exercise this power
        in its
        own name or in the name of a Sub-Servicer.

       

      Subject
        to Section 3.16, the Trustee shall execute, at the written request of the
        Master
        Servicer, and furnish to the Master Servicer and any Sub-Servicer such documents
        as are necessary or appropriate to enable the Master Servicer or any
        Sub-Servicer to carry out their servicing and administrative duties hereunder,
        and the Trustee hereby grants to the Master Servicer a power of attorney
        to
        carry out such duties. The Trustee shall not be liable for the actions of
        the
        Master Servicer or any Sub-Servicers under such powers of attorney.

       

      In
        accordance with the standards of the preceding paragraph, 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 Mortgaged Properties,
        which advances shall be reimbursable in the first instance from related
        collections from the Mortgagors pursuant to Section 3.09, and further as
        provided in Section 3.11; provided that the Master Servicer shall not be
        obligated to make such advance if, in its reasonable good faith judgment,
        the
        Master Servicer determines that such advance to be a Nonrecoverable
        Advance.

       

      The
        Master Servicer is authorized and empowered by the Trustee, on behalf of
        the
        Certificateholders and the Trustee, in its own name or in the name of any
        Sub-Servicer, when the Master Servicer or such 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 expenses incurred in connection with the actions
        described in the preceding sentence shall be borne by the Master Servicer
        in
        accordance with Section 3.17, with no right of reimbursement; provided, that
        if,
        as a result of MERS discontinuing or becoming unable to continue operations
        in
        connection with the MERS System, it becomes necessary to remove any Mortgage
        Loan from registration on the MERS System and to arrange for the assignment
        of
        the related Mortgages to the Trustee, then any related expenses shall be
        reimbursable to the Master Servicer from the Trust Fund.

       

      Notwithstanding
        anything in this Agreement to the contrary, the Master Servicer shall not
        (unless the Mortgagor is in default with respect to the Mortgage Loan or
        such
        default is, in the judgment of the Master Servicer, reasonably foreseeable)
        make
        or permit any modification, waiver or amendment of any term of any Mortgage
        Loan
        that would both (i) effect an exchange or reissuance of such Mortgage Loan
        under
        Section 1001 of the Code (or Treasury regulations promulgated thereunder)
        and
        (ii) cause any of REMIC 1, REMIC 2, REMIC 3 or REMIC 4 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
        relationship of the Master Servicer (and of any successor to the Master Servicer
        under this Agreement) to the Trustee under this Agreement is intended by
        the
        parties to be that of an independent contractor and not that of a joint
        venturer, partner or agent.

       

      
        	Section
                3.02.  	
                Sub-Servicing
                  Agreements Between Master Servicer and
                  Sub-Servicers.

              

      

       

      (a)  The
        Master Servicer may enter into Sub-Servicing Agreements with Sub-Servicers
        for
        the servicing and administration of the Mortgage Loans and for the performance
        of any and all other activities of the Master Servicer hereunder; provided,
        however, that such agreements would not result in a withdrawal or a downgrading
        by Standard & Poor's of its rating on any Class of Certificates. Each
        Sub-Servicer shall be either (i) an institution the accounts of which are
        insured by the FDIC or (ii) another entity that engages in the business of
        originating or servicing mortgage loans comparable to the Mortgage Loans,
        and in
        either case shall be authorized to transact business in the state or states
        in
        which 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 in either
        case
        shall be a Freddie Mac or Fannie Mae approved mortgage servicer. Any
        Sub-Servicing Agreement entered into by the Master Servicer shall include
        the
        provision that such Agreement may be immediately terminated (x) with cause
        and
        without any termination fee by any Master Servicer hereunder or (y) without
        cause in which case the Master Servicer shall be responsible for any termination
        fee or penalty resulting therefrom (except that in the case of Midland Loan
        Services, Inc. acting as a Sub-Servicer, neither the Master Servicer nor
        any
        successor Master Servicer shall terminate the Agreement without cause). In
        addition, each Sub-Servicing Agreement shall provide for servicing of the
        Mortgage Loans consistent with the terms of this Agreement. The Master Servicer
        and the Sub-Servicers may enter into Sub-Servicing Agreements and make
        amendments to the Sub-Servicing Agreements or enter into different forms
        of
        Sub-Servicing Agreements providing for, among other things, the delegation
        by
        the Master Servicer to a Sub-Servicer of additional duties regarding the
        administration of the Mortgage Loans; provided, however, that any such
        amendments or different forms shall be consistent with and not violate the
        provisions of this Agreement, and that no such amendment or different form
        shall
        be made or entered into which could be reasonably expected to be materially
        adverse to the interests of the Certificateholders, without the consent of
        the
        Holders of Certificates entitled to at least 51% of the Voting Rights. The
        parties hereto acknowledge that the initial Sub-Servicers shall be GMAC and
        Midland Loan Services, Inc.

       

      The
        Master Servicer has entered into a separate Sub-Servicing Agreement with
        each of
        Countrywide Home Loans Servicing LP, GMAC and Midland Loan Services, Inc.
        for
        the servicing and administration of certain of the Mortgage Loans and may
        enter
        into additional Sub-Servicing Agreements with Sub-Servicers for the servicing
        and administration of certain of the Mortgage Loans.

       

      (b)  As
        part
        of its servicing activities hereunder, the Master Servicer, for the benefit
        of
        the Trustee and the Certificateholders, shall enforce the obligations of
        each
        Sub-Servicer under the related 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 Master
        Servicer, in its good faith business judgment, would require were it the
        owner
        of the related Mortgage Loans. The Master Servicer shall pay the costs of
        such
        enforcement at its own expense, but shall be reimbursed therefor only (i)
        from a
        general recovery resulting from such enforcement only to the extent, if any,
        that such recovery exceeds all amounts due in respect of the related Mortgage
        Loan or (ii) from a specific recovery of costs, expenses or attorneys' fees
        against the party against whom such enforcement is directed.

       

      (c)  [Reserved].

       

      (d)  The
        Master Servicer represents that it will cause any Sub-Servicer to accurately
        and
        fully report its borrower credit files to all three credit repositories in
        a
        timely manner.

       

      
        	Section
                3.03.  	
                Successor
                  Sub-Servicers.

              

      

       

      The
        Master 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, except that in the case of Midland Loan Services, Inc., such
        termination may only be for cause. In the event of termination of any
        Sub-Servicer, all servicing obligations of such Sub-Servicer shall be assumed
        simultaneously by the Master Servicer without any act or deed on the part
        of
        such Sub-Servicer or the Master Servicer, and the Master 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.

       

      
        	Section
                3.04.  	
                Liability
                  of the Master Servicer.

              

      

       

      Notwithstanding
        any Sub-Servicing Agreement, any of the provisions of this Agreement relating
        to
        agreements or arrangements between the Master Servicer and a Sub-Servicer
        or
        reference to actions taken through a Sub-Servicer or otherwise, the Master
        Servicer shall under all circumstances remain obligated and primarily liable
        to
        the Trustee and Certificateholders for the servicing and administering of
        the
        Mortgage Loans and any REO Property in accordance with the provisions of
        Article
        III 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 Master Servicer alone were servicing and administering the Mortgage
        Loans. For purposes of this Agreement, the Master Servicer shall be deemed
        to
        have received payments on Mortgage Loans when the Sub-Servicer has received
        such
        payments. The Master Servicer shall be entitled to enter into any agreement
        with
        a Sub-Servicer for indemnification of the Master 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 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 and not as an originator shall be deemed to be between the Sub-Servicer
        and the Master Servicer alone, and the Trustee and 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, 3.17 and 4.03. The Master Servicer (or the Sub-Servicer of the Group
        1
        Loans) shall be liable for the payment of any franchise taxes which may be
        assessed by the California Franchise Tax Board in connection with the activities
        of the Trust under this Agreement.

       

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

              

      

       

      (a)  If
        the
        Trustee or its designee shall assume the master servicing obligations of
        the
        Master Servicer in accordance with Section 7.02 below, the Trustee, to the
        extent necessary to permit the Trustee to carry out the provisions of Section
        7.02 with respect to the Mortgage Loans, shall succeed to all of the rights
        and
        obligations of the Master Servicer under each of the Sub-Servicing Agreements.
        In such event, the Trustee or its designee as the successor master servicer
        shall be deemed to have assumed all of the Master Servicer's rights and
        obligations therein and to have replaced the Master Servicer as a party to
        such
        Sub-Servicing Agreements to the same extent as if such Sub-Servicing Agreements
        had been assigned to the Trustee or its designee as a successor master servicer,
        except that the Trustee or its designee as a successor master servicer shall
        not
        be deemed to have assumed any obligations or liabilities of the Master Servicer
        arising prior to such assumption (other than the obligation to make any Advances
        hereunder) and the Master Servicer shall not thereby be relieved of any
        liability or obligations under such Sub-Servicing Agreements arising prior
        to
        such assumption. Nothing in the foregoing shall be deemed to entitle the
        Trustee
        or its designee as a successor master servicer at any time to receive any
        portion of the servicing compensation provided under Section 3.17 except
        for
        such portion as the Master Servicer would be entitled to receive.

       

      (b)  In
        the
        event that the Trustee or its designee as successor master servicer for the
        Trustee assumes the servicing obligations of the Master Servicer under Section
        7.02, upon the reasonable request of the Trustee or such designee as successor
        master servicer the Master Servicer shall at its own expense deliver to the
        Trustee, or at its written request to such designee, photocopies of all
        documents, files and records, electronic or otherwise, relating to the
        Sub-Servicing Agreements and the related Mortgage Loans or REO Property then
        being serviced and an accounting of amounts collected and held by it, if
        any,
        and will otherwise cooperate and use its reasonable efforts to effect the
        orderly and efficient transfer of the Sub-Servicing Agreements, or
        responsibilities hereunder to the Trustee, or at its written request to such
        designee as successor master servicer.

       

      
        	Section
                3.07.  	
                Collection
                  of Certain Mortgage Loan Payments.

              

      

       

      (a)  The
        Master Servicer will coordinate and monitor remittances by Sub-Servicers
        to the
        Master Servicer with respect to the Mortgage Loans in accordance with this
        Agreement.

       

      (b)  The
        Master Servicer shall make its reasonable efforts to collect or cause to
        be
        collected all payments required under the terms and provisions of the Mortgage
        Loans and shall follow, and use its reasonable efforts to cause Sub-Servicers
        to
        follow, collection procedures comparable to the collection procedures of
        prudent
        mortgage lenders servicing mortgage loans for their own account to the extent
        such procedures shall be consistent with this Agreement. Consistent with
        the
        foregoing, the Master Servicer may in its discretion (i) waive or permit
        to be
        waived any late payment charge, assumption fee, or any penalty interest in
        connection with the prepayment of a Mortgage Loan and (ii) suspend or reduce
        or
        permit to be suspended or reduced regular monthly payments for a period of
        up to
        six months, or arrange or permit an arrangement with a Mortgagor for a scheduled
        liquidation of delinquencies. In the event the Master Servicer shall consent
        to
        the deferment of the due dates for payments due on a Mortgage Note, the Master
        Servicer shall nonetheless make an Advance or shall cause the related
        Sub-Servicer to make an Advance to the same extent as if such installment
        were
        due, owing and delinquent and had not been deferred through liquidation of
        the
        Mortgaged Property; provided,
        however,
        that
        the obligation of the Master Servicer or related Sub-Servicer to make an
        Advance
        shall apply only to the extent that such Advances are not Nonrecoverable
        Advances.

       

      (c)  On
        each
        Determination Date, with respect to each Mortgage Loan for which during the
        related Prepayment Period the Master Servicer has determined that all amounts
        which it expects to recover from or on account of each such Mortgage Loan
        have
        been recovered and that no further Liquidation Proceeds will be received
        in
        connection therewith, the Master Servicer shall provide to the Trustee a
        certificate of a Servicing Officer that such Mortgage Loan became a Liquidated
        Mortgage Loan in a Cash Liquidation or REO Disposition.

       

      The
        Master Servicer shall make reasonable efforts to collect all payments called
        for
        under the terms and provisions of the Mortgage Loans, and shall, to the extent
        such procedures shall be consistent with this Agreement and the terms and
        provisions of any related Insurance Policy, follow such collection procedures
        as
        it would follow with respect to mortgage loans comparable to the Mortgage
        Loans
        and held for its own account. 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, Primary Hazard Insurance Policy
        or
        otherwise or against any public or governmental authority with respect to
        a
        taking or condemnation) if it reasonably believes that it is prohibited by
        applicable law from enforcing the provision of the Mortgage or other instrument
        pursuant to which such payment is required. The Master Servicer shall be
        responsible for preparing and distributing all information statements relating
        to payments on the Mortgage Loans, in accordance with all applicable federal
        and
        state tax laws and regulations.

       

      
        	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 otherwise be
        acceptable to the Master Servicer. All amounts held in a Sub-Servicing Account
        shall be held in trust for the Trustee for the benefit of the
        Certificateholders. Any investment of funds held in such an account shall
        be in
        Permitted Investments maturing not later than the Business Day immediately
        preceding the next Sub-Servicer Remittance Date. The Sub-Servicer will be
        required to deposit into the Sub-Servicing Account no later than two Business
        Days after receipt all proceeds of Mortgage Loans received by the Sub-Servicer,
        less its servicing compensation and any unreimbursed expenses and advances,
        to
        the extent permitted by the Sub-Servicing Agreement. On each Sub-Servicer
        Remittance Date the Sub-Servicer will be required to remit to the Master
        Servicer for deposit in the Custodial Account all funds held in the
        Sub-Servicing Account with respect to any Mortgage Loan as of the Sub-Servicer
        Remittance Date, after deducting from such remittance an amount equal to
        the
        servicing compensation (including interest on Permitted Investments) and
        unreimbursed expenses and advances to which it is then entitled pursuant
        to the
        related Sub-Servicing Agreement, to the extent not previously paid to or
        retained by it. In addition, on each Sub-Servicer Remittance Date the
        Sub-Servicer will be required to remit to the Master Servicer any amounts
        required to be advanced pursuant to the related Sub-Servicing Agreement.
        The
        Sub-Servicer will also be required to remit to the Master Servicer, within
        five
        Business Days of receipt, the proceeds of any Principal Prepayment made by
        the
        Mortgagor, and, on each Sub-Servicer Remittance Date, the amount of any
        Insurance Proceeds or Liquidation Proceeds received during the related
        Prepayment Period.

       

      
        	Section
                3.09.  	
                Collection
                  of Taxes, Assessments and Similar Items; Servicing
                  Accounts.

              

      

       

      The
        Master Servicer and the Sub-Servicers shall establish and maintain one or
        more
        accounts (the “Servicing Accounts”), and shall deposit and retain therein all
        collections from the Mortgagors (or related advances from Sub-Servicers)
        for the
        payment of taxes, assessments, Primary Hazard Insurance Policy premiums,
        and
        comparable items for the account of the Mortgagors, to the extent that the
        Master Servicer customarily escrows for such amounts. Withdrawals of amounts
        so
        collected from a Servicing Account may be made only to (i) effect payment
        of
        taxes, assessments, Primary Hazard Insurance Policy premiums and comparable
        items; (ii) reimburse the Master Servicer (or a Sub-Servicer to the extent
        provided in the related Sub-Servicing Agreement) out of related collections
        for
        any payments made pursuant to Sections 3.01 (with respect to taxes and
        assessments), and 3.13 (with respect to Primary Hazard Insurance Policies);
        (iii) refund to Mortgagors any sums as may be determined to be overages;
        (iv)
        payment of investment income to the extent provided in the mortgage loan
        documentation or (v) clear and terminate the Servicing Account at the
        termination of this Agreement pursuant to Section 9.01. As part of its servicing
        duties, the Master Servicer or the Sub-Servicer of the Group 1 Loans shall,
        if
        and to the extent required by law, pay to the Mortgagors interest on funds
        in
        Servicing Accounts from its or their own funds, without any reimbursement
        therefor.

       

      
        	Section
                3.10.  	
                Custodial
                  Account.

              

      

       

      (a)  The
        Master Servicer shall establish and maintain one or more accounts (collectively,
        the “Custodial Account”) in which the Master Servicer shall deposit or cause to
        be deposited on a daily basis, or as and when received and identified from
        the
        Sub-Servicers, the following payments and collections received or made by
        or on
        behalf of it subsequent to the Cut-off Date with respect to the Mortgage
        Loans,
        or payments received by it prior to the Cut-off Date but allocable to a period
        subsequent thereto (other than in respect of principal and interest on the
        Mortgage Loans due on or before the Cut-off Date):

       

      (i)  all
        payments (including advances by a Sub-Servicer) on account of principal,
        including Principal Prepayments, on the Mortgage Loans;

       

      (ii)  all
        payments (including advances by a Sub-Servicer) on account of interest on
        the
        Mortgage Loans, net of any portion thereof retained by the Master Servicer
        or
        any Sub-Servicer as Servicing Fees;

       

      (iii)  all
        Insurance Proceeds, other than proceeds that represent reimbursement of costs
        and expenses incurred by the Master Servicer or any Sub-Servicer in connection
        with presenting claims under the related Insurance Policies, Liquidation
        Proceeds and REO Proceeds;

       

      (iv)  all
        proceeds of any Mortgage Loan or REO Property repurchased or purchased in
        accordance with Sections 2.02, 2.04, 3.14 or 9.01; and all amounts required
        to
        be deposited in connection with the substitution of a Qualified Substitute
        Mortgage Loan pursuant to Section 2.04; and

       

      (v)  any
        amounts required to be deposited pursuant to Section 3.12, 3.13, 3.15 or
        3.22.

       

      The
        foregoing requirements for deposit in the Custodial Account shall be exclusive.
        In the event the Master Servicer shall deposit in the Custodial Account any
        amount not required to be deposited therein, it may withdraw such amount
        from
        the Custodial Account, any provision herein to the contrary notwithstanding.
        The
        Custodial Account shall be maintained as a segregated account, separate and
        apart from trust funds created for mortgage pass-through certificates of
        other
        series, and the other accounts of the Master Servicer.

       

      (b)  Funds
        in
        the Custodial Account may be invested in Permitted Investments in accordance
        with the provisions set forth in Section 3.12. The Master Servicer shall
        give
        notice to the Trustee and the Depositor of the location of the Custodial
        Account
        after any change thereof.

       

      
        	Section
                3.11.  	
                Permitted
                  Withdrawals From the Custodial
                  Account.

              

      

       

      The
        Master Servicer may, from time to time as provided herein, make withdrawals
        from
        the Custodial Account of amounts on deposit therein pursuant to Section 3.10
        that are attributable to the Mortgage Loans for the following
        purposes:

       

      (i)  to
        make
        deposits into the Certificate Account in the amounts and in the manner provided
        for in Section 4.01;

       

      (ii)  to
        pay to
        itself, the Depositor, the Sponsor or any other appropriate person, as the
        case
        may be, with respect to each Mortgage Loan that has previously been purchased
        or
        repurchased pursuant to Sections 2.02, 2.04, 3.14 or 9.01 all amounts received
        thereon and not yet distributed as of the date of purchase or
        repurchase;

       

      (iii)  to
        reimburse itself or any Sub-Servicer for Advances not previously reimbursed,
        the
        Master Servicer's or any Sub-Servicer's right to reimbursement pursuant to
        this
        clause (iii) being limited to amounts received which represent Late Collections
        (net of the related Servicing Fees) of Monthly Payments on Mortgage Loans
        with
        respect to which such Advances were made and as further provided in Section
        3.15;

       

      (iv)  to
        reimburse or pay itself, the Trustee or the Depositor for expenses incurred
        by
        or reimbursable to the Master Servicer, the Trustee or the Depositor pursuant
        to
        Sections 3.22, 6.03, 8.05 or 10.01(g), except as otherwise provided in such
        Sections hereof;

       

      (v)  to
        reimburse itself or any Sub-Servicer for costs and expenses incurred by or
        reimbursable to it relating to the prosecution of any claims pursuant to
        Section
        3.13 that are in excess of the amounts so recovered;

       

      (vi)  to
        reimburse itself or any Sub-Servicer for unpaid Master Servicing Fees,
        Sub-Servicing Fees and unreimbursed Servicing Advances, the Master Servicer's
        or
        any Sub-Servicer's right to reimbursement pursuant to this clause (vi) with
        respect to any Mortgage Loan being limited to late recoveries of the payments
        for which such advances were made pursuant to Section 3.01 or Section 3.09
        and
        any other related Late Collections and as further provided in Section
        3.15;

       

      (vii)  to
        pay
        itself as servicing compensation (in addition to the Master Servicing Fee
        and
        Sub-Servicing Fee), on or after each Distribution Date, any interest or
        investment income earned on funds deposited in the Custodial Account for
        the
        period ending on such Distribution Date;

       

      (viii)  to
        reimburse itself
        or
        any Sub-Servicer for any Advance or Servicing Advance
        previously made, after a Realized Loss has been allocated with respect to
        the
        related Mortgage Loan if the Advance or Servicing Advance was not reimbursed
        pursuant to clauses (iii) and (vi);

       

      (ix)  to
        pay
        Radian the premium under the PMI Insurer Policies;

       

      (x)  to
        clear
        and terminate the Custodial Account at the termination of this Agreement
        pursuant to Section 9.01; and

       

      (xi)  to
        reimburse itself or any Sub-Servicer from general collections for any Advance
        or
        Servicing Advance made that has been deemed by the Master Servicer to be
        a
        Nonrecoverable Advance.

       

      The
        Master Servicer shall keep and maintain separate accounting records on a
        Mortgage Loan by Mortgage Loan basis, for the purpose of justifying any
        withdrawal from the Custodial Account pursuant to such subclauses (ii) through
        (x). Reconciliations will be prepared for the Custodial Account within 45
        Calendar days after the bank statement cut-off date. All items requiring
        reconciliation will be resolved within 90 calendar days of their original
        identification.

       

      
        	Section
                3.12.  	
                Permitted
                  Investments.

              

      

       

      Any
        institution maintaining the Custodial Account shall at the direction of the
        Master Servicer invest the funds in such account in Permitted Investments,
        each
        of which shall mature not later than (i) 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, 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 and shall not be sold or disposed of prior to its maturity.
        All
        income and gain realized from any such investment as well as any interest
        earned
        on deposits in the Custodial Account shall be for the benefit of the Master
        Servicer. The Master Servicer shall deposit in the Custodial Account an amount
        equal to the amount of any loss incurred in respect of any such investment
        immediately upon realization of such loss without right of
        reimbursement.

       

      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.

       

      Funds
        on
        deposit in the Net WAC Shortfall Reserve Fund Deposit may be invested in
        Permitted Investments in accordance with this Section 3.12 subject to any
        limitations set forth in Section 4.08 (with respect to the Net WAC Shortfall
        Reserve Fund) and any investment earnings or interest paid shall accrue to
        the
        Trustee and the Trustee shall deposit in the related account from its own
        funds
        the amount of any loss incurred on Permitted Investments in such
        account.

       

      Section
        3.13.  Maintenance
        of Primary Hazard Insurance. 

       

      The
        Master Servicer shall cause to be maintained for each Mortgage Loan primary
        hazard insurance by a Qualified Insurer or other insurer satisfactory to
        the
        Rating Agencies with extended coverage on the related Mortgaged Property
        in an
        amount equal to the lesser of (i) 100% of the replacement value of the
        improvements, as determined by the insurance company, on such Mortgaged Property
        or (ii) the unpaid principal balance of the Mortgage Loan. The Master Servicer
        shall also cause to be maintained on property acquired upon foreclosure,
        or deed
        in lieu of foreclosure, of any Mortgage Loan, fire insurance with extended
        coverage in an amount equal to the replacement value of the improvements
        thereon. Any costs incurred in maintaining any insurance described in this
        Section 3.13 (other than any deductible described in the last paragraph hereof)
        shall be recoverable as a Servicing Advance. The Master Servicer shall not
        be
        obligated to advance any amounts pursuant to this Section 3.13 if, in its
        good
        faith judgment, the Master Servicer determines that such advance would be
        a
        Nonrecoverable Advance. Pursuant to Section 3.10, any amounts collected by
        the
        Master Servicer under any such policies (other than 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 Custodial
        Account, subject to withdrawal pursuant to Section 3.11. Any cost incurred
        by
        the Master Servicer in maintaining any such insurance shall not, for the
        purpose
        of calculating monthly distributions to Certificateholders, be added to the
        amount owing under the Mortgage Loan, notwithstanding that the terms of the
        Mortgage Loan so permit. 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 Loan other than pursuant to such
        applicable laws and regulations as shall at any time be in force and as shall
        require such additional insurance.

       

      The
        Master Servicer shall, or shall cause the related Sub-Servicer to, exercise
        its
        best reasonable efforts to maintain and keep in full force and effect each
        Primary Insurance Policy by a Qualified Insurer, or other insurer satisfactory
        to the Rating Agencies, with respect to each first lien Mortgage Loan as
        to
        which as of the Cut-Off Date such a Primary Insurance Policy was in effect
        (or,
        in the case of a Qualified Substitute Mortgage Loan, the date of substitution)
        and the original principal amount of the related Mortgage Note exceeded 80%
        of
        the Collateral Value in an amount at least equal to the excess of such original
        principal amount over 75% of such Collateral Value until the principal amount
        of
        any such first lien Mortgage Loan is reduced below 80% of the Collateral
        Value
        or, based upon a new appraisal, the principal amount of such first lien Mortgage
        Loan represents less than 80% of the new appraised value. The Master Servicer
        shall, or shall cause the related Sub-Servicer to, effect the timely payment
        of
        the premium on each Primary Insurance Policy. The Master Servicer and the
        related Sub-Servicer shall have the power to substitute for any Primary
        Insurance Policy another substantially equivalent policy issued by another
        Qualified Insurer, provided,
        that,
        such
        substitution shall be subject to the condition that it will not cause the
        ratings on the Certificates to be downgraded or withdrawn, as evidenced in
        writing from each Rating Agency.

      

      The
        Master Servicer shall cooperate with the PMI Insurer and shall use its best
        efforts to furnish all reasonable aid, evidence and information in the
        possession of the Master Servicer or to which the Master Servicer has access
        with respect to any PMI Mortgage Loan.

      

      In
        the
        event of a default by PMI Insurer under the PMI Insurer Policy (a “Replacement
        Event”), the Master Servicer shall use its best efforts to obtain a substitute
        lender-paid primary mortgage insurance policy (a “Substitute PMI Policy”), with
        the approval of the Certificate Insurer; provided,
        however,
        that
        the Master Servicer shall not be obligated, and shall have no liability for
        failing, to obtain a Substitute PMI Policy unless such Substitute PMI Policy
        can
        be obtained on the following terms and conditions: (i) the Certificates shall
        be
        rated no lower than the rating assigned by each Rating Agency to the
        Certificates immediately prior to such Replacement Event, as evidenced by
        a
        letter from each Rating Agency addressed to the Company, the Master Servicer
        and
        the Trustee, (ii) the timing and mechanism for drawing on such new Substitute
        PMI Policy shall be reasonably acceptable to the Master Servicer and the
        Trustee
        and (iii) the premiums under the proposed Substitute PMI Policy shall not
        exceed
        such premiums under the existing PMI Insurer Policy.

      

      With
        respect to the PMI Mortgage Loans covered by a PMI Insurer Policy, the Master
        Servicer will confirm with PMI Insurer, and PMI Insurer will certify to the
        Trustee, on or before August 1, 2006, that the Mortgage Loans indicated on
        the Mortgage Loan Schedule as being covered by PMI Insurer Policy are so
        covered.

      

      No
        earthquake or other additional insurance is to be required of any Mortgagor
        or
        maintained on property acquired with respect to a security instrument other
        than
        pursuant to such applicable laws and regulations as shall at any time be
        in
        force and shall require such additional insurance. When, at the time of
        origination of the Mortgage Loan or at any subsequent time, the Mortgaged
        Property is located in a federally designated special flood hazard area,
        the
        Master Servicer shall cause with respect to the Mortgage Loans and each REO
        Property flood insurance (to the extent available and in accordance with
        mortgage servicing industry practice) to be maintained. Such flood insurance
        shall cover the Mortgaged Property, including all items taken into account
        in
        arriving at the Collateral Value on which the Mortgage Loan was based, and
        shall
        be in an amount equal to the lesser of (i) the Stated Principal Balance of
        the
        related Mortgage Loan and (ii) the minimum amount required under the terms
        of
        coverage to compensate for any damage or loss on a replacement cost basis,
        but
        not more than the maximum amount of such insurance available for the related
        Mortgaged Property under either the regular or emergency programs of the
        National Flood Insurance Program (assuming that the area in which such Mortgaged
        Property is located is participating in such program). Unless applicable
        state
        law requires a higher deductible, the deductible on such flood insurance
        may not
        exceed $1,000 or 1% of the applicable amount of coverage, whichever is
        less.

      

      In
        the
        event that the Master Servicer shall obtain and maintain a blanket fire
        insurance policy with extended coverage 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 3.13,
        it
        being understood and agreed that such policy may contain a deductible clause,
        in
        which case 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 two sentences of this Section 3.13 and there shall have been a loss
        which
        would have been covered by such policy, deposit in the Certificate Account
        from
        its own funds the amount not otherwise payable under the blanket policy because
        of such deductible clause. Any such deposit by the Master Servicer shall
        be made
        on the Certificate Account Deposit Date next preceding the Distribution Date
        which occurs in the month following the month in which payments under any
        such
        policy would have been deposited in the Custodial Account. Any such deposit
        shall not be deemed Servicing Advances and the Master Servicer shall not
        be
        entitled to 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 Trustee and Certificateholders, claims
        under
        any such blanket policy.

       

      
        	Section
                3.14.  	
                Enforcement
                  of Due-on-Sale Clauses; Assumption
                  Agreements.

              

      

       

      The
        Master Servicer will, to the extent it has knowledge of any conveyance or
        prospective conveyance by any Mortgagor of the Mortgaged Property (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 or the Mortgage),
        exercise or cause to be exercised its rights to accelerate the maturity of
        such
        Mortgage Loan under any “due-on-sale” clause applicable thereto; provided,
        however,
        that
        the Master Servicer shall not exercise any such rights if it reasonably believes
        that it is prohibited by law from doing so. The Master Servicer or the related
        Sub-Servicer may repurchase a Mortgage Loan at the Purchase Price when the
        Master Servicer requires acceleration of the Mortgage Loan, but only if the
        Master Servicer is satisfied, as evidenced by an Officer's Certificate delivered
        to the Trustee, that either (i) such Mortgage Loan is in default or default
        is
        reasonably foreseeable or (ii) if such Mortgage Loan is not in default or
        default is not reasonably foreseeable, such repurchase will have no adverse
        tax
        consequences for the Trust Fund or any Certificateholder. If the Master Servicer
        is unable to enforce such “due-on-sale” clause (as provided in the second
        preceding sentence) or if no “due-on-sale” clause is applicable, the Master
        Servicer or the Sub-Servicer is authorized to enter into an assumption and
        modification agreement 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; provided,
        however,
        that
        the Master Servicer shall not enter into any assumption and modification
        agreement if the coverage provided under the Primary Insurance Policy, if
        any,
        would be impaired by doing so. The Master Servicer shall notify the Trustee,
        whenever possible, before the completion of such assumption agreement, and
        shall
        forward to the Custodian the original copy of such assumption agreement,
        which
        copy shall be added by the Custodian to the related Mortgage File and which
        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.
        In
        connection with any such assumption agreement, the interest rate on the related
        Mortgage Loan shall not be changed and no other material alterations in the
        Mortgage Loan shall be made unless such material alteration would not cause
        any
        of REMIC 1, REMIC 2, REMIC 3 or REMIC 4 to fail to qualify as a REMIC for
        federal income tax purposes, as evidenced by an Opinion of Counsel. The Master
        Servicer is also authorized 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. Any fee collected by or on behalf of the Master
        Servicer for entering into an assumption or substitution of liability agreement
        will be retained by or on behalf of the Master Servicer as additional servicing
        compensation. 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
        Monthly Payment and any other term affecting the amount or timing of payment
        on
        the Mortgage Loan) may be changed. The Master Servicer shall not enter into
        any
        substitution or assumption if such substitution or assumption shall (i) both
        constitute a “significant modification” effecting an exchange or reissuance of
        such Mortgage Loan under the Code (or Treasury regulations promulgated
        thereunder) and cause any of REMIC 1, REMIC 2, REMIC 3 or REMIC 4 to fail
        to
        qualify as a REMIC under the REMIC Provisions or (ii) cause the imposition
        of
        any tax on “prohibited transactions” or “contributions” after the Startup Day
        under the REMIC Provisions. The Master Servicer shall notify the Trustee
        that
        any such substitution or assumption agreement has been completed and shall
        by
        forwarding to the Custodian the original copy of such substitution or assumption
        agreement, which copy 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. A portion
        equal
        to up to 2% of the Collateral Value of the related Mortgage Loan, of any
        fee or
        additional interest collected by the related Sub-Servicer for consenting
        in any
        such conveyance or entering into any such assumption agreement may be retained
        by the related Sub-Servicer as additional servicing compensation.

       

      Notwithstanding
        the foregoing paragraph or any other provision of this Agreement, the Master
        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 any assumption that the Master Servicer may be restricted
        by
        law from preventing, for any reason whatsoever. For purposes of this Section
        3.14, the term “assumption” is deemed to also include a sale of a Mortgaged
        Property that is not accompanied by an assumption or substitution of liability
        agreement.

       

      
        	Section
                3.15.  	
                Realization
                  Upon Defaulted Mortgage Loans.

              

      

       

      The
        Master Servicer shall exercise reasonable efforts, consistent with the
        procedures that the Master Servicer would use in servicing loans for its
        own
        account, to foreclose upon or otherwise comparably convert (which may include
        an
        REO Acquisition) 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, and which are not released from the Trust Fund pursuant to
        any
        other provision hereof. The Master Servicer shall use reasonable efforts
        to
        realize proceeds from such defaulted Mortgage Loans in such manner (including
        short sales and passing through to the Trust Fund less than the full amount
        it
        expects to receive from the related Mortgage Loan) as will maximize the receipt
        of principal and interest by Certificateholders, taking into account, among
        other things, the timing of foreclosure proceedings. The foregoing is subject
        to
        the provisions that, in any case in which Mortgaged Property shall have suffered
        damage from an Uninsured Cause, the Master Servicer shall not be required
        to
        expend its own funds toward the restoration of such property unless it shall
        determine in its sole discretion (i) that such restoration will increase
        the net
        proceeds of liquidation of the related Mortgage Loan to Certificateholders
        after
        reimbursement to itself for such expenses, and (ii) that such expenses will
        be
        recoverable by the Master Servicer through Insurance Proceeds or Liquidation
        Proceeds from the related Mortgaged Property, as contemplated in Section
        3.11.
        The Master Servicer shall be responsible for all other costs and expenses
        incurred by it in any such proceedings; provided,
        however,
        that it
        shall be entitled to reimbursement thereof from the related property, as
        contemplated in Section 3.11.

       

      The
        proceeds of any Cash Liquidation or REO Disposition, as well as any recovery
        resulting from a partial collection of Insurance Proceeds or Liquidation
        Proceeds or any income from an REO Property, will be deposited into the
        Custodial Account and applied in the following order of priority: first,
        to
        reimburse the Master Servicer or any Sub-Servicer for any related unreimbursed
        Servicing Advances, pursuant to Section 3.11(vi) or 3.22; second, to accrued
        and
        unpaid interest on the Mortgage Loan or REO Imputed Interest, at the Mortgage
        Rate, to the date of the Cash Liquidation or REO Disposition, or to the Due
        Date
        prior to the Distribution Date on which such amounts are to be distributed
        if
        not in connection with a Cash Liquidation or REO Disposition; and third,
        as a
        recovery of principal of the Mortgage Loan. If the amount of the recovery
        so
        allocated to interest is less than a full recovery thereof, that amount will
        be
        allocated as follows: first, to unpaid Master Servicing Fees or Sub-Servicing
        Fees; and second, to interest at the Net Mortgage Rate. The portion of the
        recovery so allocated to unpaid Master Servicing Fees or Sub-Servicing Fees
        shall be reimbursed to the Master Servicer or any Sub-Servicer pursuant to
        Section 3.11(vi). The portions of the recovery so allocated to interest at
        the
        Net Mortgage Rate and to principal of the Mortgage Loan shall be applied
        as
        follows: first, to reimburse the Master Servicer or any Sub-Servicer for
        any
        related unreimbursed Advances in accordance with Section 3.11(iii) or 3.22,
        second, payment to the PMI Insurer in accordance with Sections 3.11(ix) and
        third, for payment to the Trustee and distribution to the Certificateholders
        in
        accordance with the provisions of Section 4.01, subject to Section 3.22 with
        respect to certain recoveries from an REO Disposition constituting Excess
        Proceeds. To the extent the Master Servicer receives additional recoveries
        following a Cash Liquidation, the amount of the Realized Loss will be restated,
        and the additional recoveries will be passed through the Trust Fund as
        Liquidation Proceeds.

       

      
        	Section
                3.16.  	
                Trustee
                  to Cooperate; Release of Mortgage
                  Files.

              

      

       

      Upon
        the
        payment in full of any Mortgage Loan, or the receipt by the Master Servicer
        of a
        notification that payment in full shall be escrowed in a manner customary
        for
        such purposes, the Master Servicer will immediately notify the Trustee by
        a
        certification (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 Custodial Account pursuant to Section 3.10
        have
        been or will be so deposited) of a Servicing Officer and shall request delivery
        to it of the Mortgage File in the form of the Request for Release attached
        hereto as Exhibit F-2. Upon receipt by the Custodian of such certification
        and
        request, such Custodian shall promptly release the related Mortgage File
        to the
        Master Servicer. Subject to the receipt by the Master Servicer of the proceeds
        of such payment in full and the payment of all related fees and expenses,
        the
        Master Servicer shall arrange for the release to the Mortgagor of the original
        canceled Mortgage Note. In connection with the satisfaction of any MOM Loan,
        the
        Master Servicer is authorized to cause the removal from the registration
        on the
        MERS® System of such Mortgage. All other documents in the Mortgage File shall be
        retained by the Master Servicer to the extent required by applicable law.
        The
        Master Servicer shall provide for preparation of the appropriate instrument
        of
        satisfaction covering any Mortgage Loan which pays in full and the Trustee
        shall
        cooperate in the execution and return of such instrument to provide for its
        delivery or recording as may be required. No expenses incurred in connection
        with any instrument of satisfaction or deed of reconveyance shall be chargeable
        to the Custodial Account or the Certificate Account.

       

      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 Loan, the Custodian shall, upon request of the Master
        Servicer and delivery to the Custodian of a Request for Release in the form
        attached hereto as Exhibit F-1, release the related Mortgage File to the
        Master
        Servicer and the Trustee shall execute such documents as the Master Servicer
        shall prepare and request as being necessary to the prosecution of any such
        proceedings. Such Request for Release shall obligate the Master Servicer
        to
        return each document previously requested from the Mortgage File to the
        Custodian when the need therefor by the Master Servicer no longer exists;
        and in
        any event within 21 days of the Master Servicer's receipt thereof, unless
        the
        Mortgage Loan has been liquidated and the Liquidation Proceeds relating to
        the
        Mortgage Loan have been deposited in the Custodial 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 Master Servicer has delivered
        to
        the Trustee a certificate of a Servicing Officer certifying as to 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 stating that such Mortgage Loan was liquidated and that all amounts
        received or to be received in connection with such liquidation which are
        required to be deposited into the Custodial Account have been or will be
        so
        deposited, or that such Mortgage Loan has become an REO Property, a copy
        of the
        Request for Release shall be released by the Trustee to the Master
        Servicer.

       

      Upon
        written request of a Servicing Officer, the Trustee shall execute and deliver
        to
        the Master Servicer any court pleadings, requests for trustee’s sale or other
        documents prepared by the Master Servicer that are 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 request that such pleadings or documents be executed
        by
        the Trustee shall include a certification signed by a Servicing Officer as
        to
        the reason such documents or pleadings are required and that the execution
        and
        delivery thereof by 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
                3.17.  	
                Servicing
                  Compensation.

              

      

       

      As
        compensation for its activities hereunder, the Master Servicer shall be entitled
        to withhold and retain, from deposits to the Custodial Account of amounts
        representing payments or recoveries of interest, the Master Servicing Fees
        and
        Sub-Servicing Fees with respect to each Mortgage Loan (less any portion of
        such
        amounts retained by any Sub-Servicer). In addition, the Master Servicer shall
        be
        entitled to recover unpaid Master Servicing Fees and Sub-Servicing Fees out
        of
        related Late Collections to the extent permitted in Section 3.11.

       

      Each
        Sub-Servicing Agreement shall permit the related Sub-Servicer to retain the
        Sub-Servicer Fees from collections on the related Mortgage Loans, or shall
        provide that the Sub-Servicer be paid directly by the Master Servicer from
        collections on the related Mortgage Loans. To the extent the Master Servicer
        directly services a Mortgage Loan, the Master Servicer shall be entitled
        to
        retain the Sub-Servicing Fees (other than such portion that represents the
        Excess Servicing Strip) for that Mortgage Loan.

       

      The
        Master Servicer also shall be entitled pursuant to Section 3.11 to receive
        from
        the Custodial Account as additional servicing compensation interest or other
        income earned on deposits therein, subject to Section 3.23, as well as any
        assumption fees, late payment charges and reconveyance fees. The Master Servicer
        shall not be entitled to retain any Prepayment Charges. Any Prepayment Charges
        shall be paid to the Holders of the Class P Certificates. The Master Servicer
        shall be required to pay all expenses incurred by it in connection with its
        servicing activities hereunder (including payment of the premiums for any
        blanket policy insuring against hazard losses pursuant to Section 3.13 and
        servicing compensation of the Sub-Servicer to the extent not retained by
        it),
        and shall not be entitled to reimbursement therefor except as specifically
        provided in Section 3.11. The Master Servicing Fee may not be transferred
        in
        whole or in part except in connection with the transfer of all of the Master
        Servicer's responsibilities and obligations under this Agreement.

       

      Notwithstanding
        anything herein to the contrary, Midland Loan Services, Inc. (and its successors
        and assigns) shall also be entitled to the Excess Servicing Strip with respect
        to the Mortgage Loans that it is servicing and may at its option assign or
        pledge to any third party or retain for itself the Excess Servicing Strip.
        The
        Master Servicer (or its successor hereunder, if any) shall pay the Excess
        Servicing Strip to the holder of the Excess Servicing Strip (i.e., Midland
        Loan
        Services, Inc. or any such third party) at such time and to the extent the
        Master Servicer is entitled to receive payment of its Master Servicing Fees
        hereunder, notwithstanding any resignation or termination of the Master Servicer
        hereunder. In the event that Midland Loan Services, Inc. is terminated or
        resigns as Sub-Servicer, it (and its successors and assigns) will be entitled
        to
        retain the Excess Servicing Strip.

       

      
        	Section
                3.18.  	
                Maintenance
                  of Certain Servicing Policies.

              

      

       

      The
        Master Servicer shall obtain and maintain at its own expense and shall cause
        each Sub-Servicer to obtain and maintain for the duration of this Agreement
        a
        blanket fidelity bond and an errors and omissions insurance policy covering
        the
        Master Servicer's and such Sub-Servicer's officers, employees and other persons
        acting on its behalf in connection with its activities under this Agreement.
        The
        amount of coverage shall be at least equal to the coverage maintained by
        the
        Master Servicer or Sub-Servicer in order to be acceptable to Fannie Mae or
        Freddie Mac to service loans for it or otherwise in an amount as is commercially
        available at a cost that is generally not regarded as excessive by industry
        standards. The Master Servicer shall promptly notify the Trustee in writing
        of
        any material change in the terms of such bond or policy. The Master Servicer
        shall provide annually to the Trustee a certificate of insurance that such
        bond
        and policy are in effect. If any such bond or policy ceases to be in effect,
        the
        Master Servicer shall, to the extent possible, give the Trustee ten days'
        notice
        prior to any such cessation and shall use its reasonable best efforts to
        obtain
        a comparable replacement bond or policy, as the case may be.

       

      
        	Section
                3.19.  	
                Annual
                  Statement as to Compliance.

              

      

       

      Not
        later
        than March 15th of each calendar year beginning in 2007, the Master Servicer
        at
        its own expense shall deliver to the Trustee via
        e-mail (DBSEC.Notifications@db.com)
        a
        certificate (an “Annual Statement of Compliance”) signed by a Servicing Officer
        stating, as to the signers thereof, that (i) a review of the activities of
        the
        Master Servicer during the preceding calendar year and of performance under
        this
        Agreement or other applicable servicing agreement has been made under such
        officers’ supervision, (ii) to the best of such officers’ knowledge, based on
        such review, the Master Servicer has fulfilled all its obligations under
        this
        Agreement or other applicable servicing agreement in all material respects
        for
        such year or portion thereof, 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 has delegated any servicing responsibilities with
        respect to the Mortgage Loans to a Sub-Servicer, the Master Servicer shall
        deliver a similar Annual Statement of Compliance by that Sub-Servicer to
        the
        Trustee as described above as and when required with respect to the Master
        Servicer.

      

      Failure
        of the Master Servicer to timely comply with this Section 3.19 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, 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. This paragraph shall supersede
        any other provision in this Agreement or any other agreement to the
        contrary.

      

      
        	Section
                3.20.  	
                Assessments
                  of Compliance and Attestation
                  Reports.

              

      

       

      Pursuant
        to Rules 13a-18 and 15d-18 of the Exchange Act and Item 1122(a) of Regulation
        AB, the Master Servicer shall deliver to the Trustee via e-mail
        (DBSEC.Notifications@db.com) on or before March 22nd of each calendar year
        beginning in 2007, a report regarding the Master Servicer’s assessment of
        compliance (an “Assessment of Compliance”) with the applicable Servicing
        Criteria (as set forth in Exhibit N) 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 Master Servicer;

       

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

       

      (c) An
        assessment by such officer of the Master 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 Master 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 Master 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 Master Servicer, which statement shall be based on the activities it
        performs with respect to asset-backed securities transactions taken as a
        whole
        involving the Master 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 N hereto which are indicated as applicable to the Master
        Servicer.

       

      On
        or
        before March 22nd of each calendar year beginning in 2007, the Master Servicer
        shall furnish to 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 Master Servicer, 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 Sub-Servicer and each subcontractor determined
        by the Master 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 Master 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.

       

      Failure
        of the Master 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 Master Servicer under this Agreement and in and to the
        Mortgage Loans and the proceeds thereof without compensating the Master 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 supercede any other provision in this Agreement or any other
        agreement to the contrary.

       

      The
        Trustee 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 N hereto which are indicated as applicable to the “trustee”.
        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.

       

      
        	Section
                3.21.  	
                Access
                  to Certain Documentation.

              

      

       

      The
        Master Servicer shall provide, and shall cause any Sub-Servicer to provide,
        to
        the Trustee, access to the documentation in their possession regarding the
        related Mortgage Loans and REO Properties and to the Certificateholders,
        the
        FDIC, and the supervisory agents and examiners of the FDIC (to which the
        Trustee
        shall also provide) access to the documentation regarding the related Mortgage
        Loans required by applicable regulations, such access being afforded without
        charge but only upon reasonable request and during normal business hours
        at the
        offices of the Master Servicer or the Sub-Servicers that are designated by
        these
        entities; provided,
        however,
        that,
        unless otherwise required by law, the Trustee, the Custodian, the Master
        Servicer or the Sub-Servicer shall not be required to provide access to such
        documentation if the provision thereof would violate the legal right to privacy
        of any Mortgagor. The Master Servicer and the Sub-Servicers shall allow
        representatives of the above entities to photocopy any of the documentation
        and
        shall provide equipment for that purpose at a charge that covers their own
        actual out-of-pocket costs. The Master Servicer shall designate a Servicing
        Officer to provide certain information regarding the Mortgage
        Loans.

       

      
        	Section
                3.22.  	
                Title,
                  Conservation and Disposition of REO
                  Property.

              

      

       

      This
        Section shall apply only to REO Properties acquired for the account of REMIC
        1
        or REMIC 2, as applicable, and shall not apply to any REO Property relating
        to a
        Mortgage Loan which was purchased or repurchased from REMIC 1 or REMIC 2,
        as
        applicable, pursuant to Sections 2.02, 2.04 or 3.14. In the event that title
        to
        any such REO Property is acquired, the deed or certificate of sale shall
        be
        issued to the Trustee, or to its nominee, on behalf of the Certificateholders.
        The Master Servicer, on behalf of REMIC 1 or REMIC 2, as applicable, shall
        either sell any related REO Property as soon as practicable but in any case
        before the close of the third taxable year following the taxable year in
        which
        REMIC 1 or REMIC 2, as applicable, acquires ownership of such REO Property
        for
        purposes of Section 860G(a)(8) of the Code, or, at the expense of REMIC 1
        or
        REMIC 2, as applicable, request, more than 60 days before the day on which
        the
        three-year grace period would otherwise expire an extension of the three-year
        grace period, unless the Master Servicer has delivered to the Trustee an
        Opinion
        of Counsel (which shall not be at the expense of the Trustee), addressed
        to the
        Trustee and the Master Servicer, to the effect that the holding by REMIC
        1 or
        REMIC 2, as applicable, of such REO Property subsequent to the close of the
        third taxable year following the taxable year in which REMIC 1 or REMIC 2,
        as
        applicable, acquires ownership of such REO Property will not result in the
        imposition on REMIC 1 or REMIC 2, as applicable, of taxes on “prohibited
        transactions” thereof, as defined in Section 860F of the Code, or cause any of
        REMIC 1, REMIC 2, REMIC 3 or REMIC 4 to fail to qualify as a REMIC under
        the
        REMIC Provisions or comparable provisions of the laws of the State of California
        at any time that any Certificates are outstanding. The Master 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) or result in the
        receipt by any of REMIC 1, REMIC 2, REMIC 3 or REMIC 4 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. 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
        Certificateholders, rent the same, or any part thereof, as the Master Servicer
        deems to be in the best interest of the Certificateholders for the period
        prior
        to the sale of such REO Property.

       

      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).

       

      The
        Master Servicer shall segregate and hold all funds collected and received
        in
        connection with the operation of any REO Property separate and apart from
        its
        own funds and general assets. The Master Servicer shall deposit, or cause
        to be
        deposited, on a daily basis in the Custodial Account all revenues received
        with
        respect to the REO Properties, net of any directly related expenses incurred
        or
        withdraw therefrom funds necessary for the proper operation, management and
        maintenance of the REO Property.

       

      If
        as of
        the date of acquisition of title to any REO Property there remain outstanding
        unreimbursed Servicing Advances with respect to such REO Property or any
        outstanding Advances allocated thereto the Master Servicer, upon an REO
        Disposition, shall be entitled to reimbursement for any related unreimbursed
        Servicing Advances and any unreimbursed related Advances as well as any unpaid
        Master Servicing Fees or Sub-Servicing Fees from proceeds received in connection
        with the REO Disposition, as further provided in Section 3.15. The Master
        Servicer shall not be obligated to advance any amounts with respect to an
        REO
        Property if such advance would constitute a Nonrecoverable Advance.

       

      The
        REO
        Disposition shall be carried out by the Master Servicer at such price and
        upon
        such terms and conditions as the Master Servicer shall determine.

       

      The
        Master Servicer shall deposit the proceeds from the REO Disposition, net
        of any
        payment to the Master Servicer as provided above, in the Custodial Account
        upon
        receipt thereof for distribution in accordance with Section 4.01; provided,
        that
        any such net proceeds received by the Master Servicer which are in excess
        of the
        applicable Stated Principal Balance plus all unpaid REO Imputed Interest
        thereon
        through the last day of the month in which the REO Disposition occurred (“Excess
        Proceeds”) shall be retained by the Master Servicer as additional servicing
        compensation.

       

      With
        respect to any Mortgage Loan as to which the Master Servicer has received
        notice
        of, or has actual knowledge of, the presence of any toxic or hazardous substance
        on the Mortgaged Property, the Master Servicer shall not, on behalf of the
        Trustee, either (i) obtain title to the related Mortgaged Property as a result
        of or in lieu of foreclosure or otherwise, or (ii) otherwise acquire possession
        of, the related Mortgaged Property, unless the Master Servicer has, at least
        30
        days prior to taking such action, obtained and delivered to the Trustee an
        environmental audit report prepared by a Person who regularly conducts
        environmental audits using customary industry standards. The Master Servicer
        shall take such action as it deems to be in the best economic interest of
        the
        Trust Fund (other than proceeding against the Mortgaged Property) and is
        hereby
        authorized at such time as it deems appropriate to release such Mortgaged
        Property from the lien of the related Mortgage.

       

      The
        cost
        of the environmental audit report contemplated by this Section 3.22 shall
        be
        advanced by the Master Servicer as an expense of the Trust Fund, and the
        Master
        Servicer shall be reimbursed therefor from the Custodial Account as provided
        in
        Section 3.11, any such right of reimbursement being prior to the rights of
        the
        Certificateholders to receive any amount in the Custodial Account.

       

      If
        the
        Master 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 in 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 Master Servicer
        shall
        take such action as it deems to be in the best economic interest of the Trust
        Fund. The cost of any such compliance, containment, clean-up or remediation
        shall be advanced by the Master Servicer as an expense of the Trust Fund,
        and
        the Master Servicer shall be entitled to be reimbursed therefor from the
        Custodial Account as provided in Section 3.11, any such right of reimbursement
        being prior to the rights of the Certificateholders to receive any amount
        in the
        Custodial Account.

       

      
        	Section
                3.23.  	
                Additional
                  Obligations of the Master Servicer.

              

      

       

      On
        each
        Certificate Account Deposit Date, the Master Servicer shall deliver to the
        Trustee for deposit in the Certificate Account from its own funds and without
        any right of reimbursement therefor, a total amount equal to the amount of
        Compensating Interest for the related Distribution Date.

       

      
        	Section
                3.24.  	
                Additional
                  Obligations of the Depositor.

              

      

       

      The
        Depositor agrees that on or prior to the tenth day after the Closing Date,
        the
        Depositor shall provide the Trustee with a written notification, substantially
        in the form of Exhibit J attached hereto, relating to each Class of
        Certificates, setting forth (i) in the case of each Class of such Certificates,
        (a) if less than 10% of the aggregate Certificate Principal Balance of such
        Class of Certificates has been sold as of such date, the value calculated
        pursuant to clause (b)(iii) of Exhibit J hereto, or, (b) if 10% or more of
        such
        Class of Certificates has been sold as of such date but no single price is
        paid
        for at least 10% of the aggregate Certificate Principal Balance of such Class
        of
        Certificates, then the weighted average price at which the Certificates of
        such
        Class were sold and the aggregate percentage of Certificates of such Class
        sold,
        (c) the first single price at which at least 10% of the aggregate Certificate
        Principal Balance of such Class of Certificates was sold, or (d) if any
        Certificates of each Class of Certificates are retained by the Depositor
        or an
        affiliate corporation, or are delivered to the Sponsor, the fair market value
        of
        such Certificates as of the Closing Date, (ii) the Prepayment Assumption
        used in
        pricing the Certificates, and (iii) such other information as to matters
        of fact
        as the Trustee may reasonably request to enable it to comply with its reporting
        requirements with respect to each Class of such Certificates to the extent
        such
        information can in the good faith judgment of the Depositor be determined
        by
        it.

       

      
        	Section
                3.25.  	
                Exchange
                  Act Reporting.

              

      

       

      (a)  The
        Trustee (to the extent any information requested by the Depositor is actually
        in
        the possession of the Trustee) and the Master Servicer shall fully cooperate
        with the Depositor in connection with the Trust’s satisfying the reporting
        requirements under the Exchange Act as may be requested by the Depositor
        pursuant to Section 3.26.

       

      (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 the monthly statement to be
        furnished by the Trustee to the Certificateholders for such Distribution
        Date.
        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 O 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 O as the responsible party for providing Additional Form 10-D
        Disclosure shall be required to provide to the Trustee via e-mail
        (DBSEC.Notifications@db.com) and the Depositor, to the extent known by a
        responsible party thereof, 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 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 O 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 O as the
        responsible party for providing Form 8-K Disclosure Information shall be
        required to provide to the Depositor, to the extent known by a responsible
        officer thereof, 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 April 15 of each year thereafter, the
        Master
        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 Master Servicer pursuant to Sections 3.19 and 3.20 (including
        with respect to any Sub-Servicer or any subcontractor, if required to be
        filed).
        Prior to (x) March 30, 2007 and (y) unless and until a Form 15 Suspension
        Notice
        shall have been filed, March 30 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 Master Servicer pursuant to Sections
        3.19
        and 3.20 (including with respect to any Sub-Servicer or subcontractor, if
        required to be filed) and Section 3.20 with respect to the Trustee, and the
        Form
        10-K certification in the form attached hereto as Exhibit L-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 O 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.

       

      On
        or
        prior to (x) March 15, 2007 and (y) unless and until a Form 15 Suspension
        Notice
        shall have been filed, prior to March 15 of each year thereafter, each entity
        that is indicated in Exhibit O as the responsible party for providing Additional
        Form 10-K Disclosure shall be required to provide to the Trustee via e-mail
        (DBSEC.Notifications@db.com) and the Depositor, to the extent known by a
        responsible party thereof, 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
        Master Servicer shall be responsible for determining the pool concentration
        applicable to any Sub-Servicer to which the Master 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
        L-3)
        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 Master Servicer shall sign a certification
        (the “Master Servicer Certification) solely with respect to the Master Servicer
        (in the form attached hereto as Exhibit L-2) 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 L-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).

       

      The
        Trustee will have no duty to verify the accuracy or sufficiency of any
        information not prepared by it included in any Form 10-D, Form 10-K or Form
        8-K.
        The Trustee shall have no liability with respect to any failure to properly
        prepare or file any Form 10- D or Form 10-K 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 disclosure information. The Trustee
        shall have no liability with respect to any failure to properly file any
        Form
        l0-D or 10-K resulting from or relating to the Depositor’s failure to timely
        comply with the provisions of this section. Nothing herein shall be construed
        to
        require the Trustee or any officer, director or Affiliate thereof to sign
        any
        Form 10-D, Form 10-K or Form 8-K.

       

      (c)  (A)
        The
        Trustee shall indemnify and hold harmless the Depositor, the Master 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 any material misstatement or omission in the Assessment of Compliance
        delivered by the Trustee pursuant to Section 3.20 and (B) the Master 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 Master Servicer to timely deliver the Master
        Servicer Certification or (ii) any material misstatement or omission in the
        Statement as to Compliance delivered by the Master Servicer pursuant to Section
        3.19 or any Sub-Servicer pursuant to Section 3.20, the Assessment of Compliance
        delivered by the Master Servicer or any Sub-Servicer pursuant to Section
        3.20 or
        the Master Servicer Certification. If the indemnification provided for herein
        is
        unavailable or insufficient to hold harmless the Depositor, then the Master
        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 Master Servicer on the other in connection with the
        Master
        Servicer Certification and the related obligations of the Master Servicer
        under
        this Section 3.25.

       

      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
                3.26.  	
                Intention
                  of the Parties and Interpretation.

              

      

       

      Each
        of
        the parties acknowledges and agrees that the purpose of Sections 3.19, 3.20
        and
        3.25 of this Agreement is to facilitate compliance by the Sponsor 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 requests made by the Sponsor
        or
        the
        Depositor for delivery of additional or different information as the Sponsor
        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.

      

       

      ARTICLE
        IV

       

      PAYMENTS
        TO CERTIFICATEHOLDERS

       

      
        	Section
                4.01.  	
                Distributions.

              

      

       

      (a)  The
        Trustee shall establish and maintain a Certificate Account,
        in
        which the Master Servicer shall cause to be deposited on behalf of the Trustee
        on or before 5:00 P.M. New York time on each Certificate Account Deposit
        Date by
        wire transfer of immediately available funds an amount equal to the sum of
        (i)
        any Advance for the immediately succeeding Distribution Date, (ii) any amount
        required to be deposited in the Certificate Account pursuant to Sections
        3.11,
        3.13 or 3.23, (iii) all other amounts constituting the Available Distribution
        Amount for the immediately succeeding Distribution Date and (iv) any amounts
        on
        deposit in the Custodial Account representing Prepayment Charges collected
        by
        the Master Servicer (and any Master Servicer Prepayment Charge Payment Amounts
        paid by, or collected on behalf of the Trust Fund by, the Master Servicer
        or any
        Sub-Servicer), other than any such Prepayment Charges or Master Servicer
        Prepayment Charge Payment Amounts relating to Principal Prepayments that
        occurred after the end of the related Prepayment Period.

       

      On
        each
        Distribution Date, prior to making any other distributions referred to in
        Section 4.01, the Trustee shall withdraw from the Certificate Account and
        pay
        itself any income earned on retention of amounts on deposit in the Certificate
        Account for such Distribution Date and any other amounts payable to it
        hereunder.

       

      On
        each
        Distribution Date the Trustee shall distribute to each Certificateholder
        of
        record as of the next preceding Record Date (other than as provided in Section
        9.01 respecting the final distribution) either in immediately available funds
        (by wire transfer or otherwise) to the account of such Certificateholder
        at a
        bank or other entity having appropriate facilities therefor, if such
        Certificateholder has so notified the Trustee at least 5 Business Days prior
        to
        the related Record Date, or otherwise by check mailed to such Certificateholder
        at the address of such Holder appearing in the Certificate Register, such
        Certificateholder's share (based on the aggregate of the Percentage Interests
        represented by Certificates of the applicable Class held by such Holder)
        of the
        amounts required to be distributed to such Holder pursuant to this Section
        4.01.

       

      Net
        Swap
        Payments and Swap Termination Payments (other than Swap Termination Payments
        resulting from a Swap Provider Trigger Event) payable by the related
        Supplemental Interest Trust to the related Swap Provider pursuant to the
        related
        Interest Rate Swap Agreement shall be deducted (without duplication) from
        the
        interest collections in the related Available Distribution Amount, and to
        the
        extent of any such remaining amounts due, from the principal collections
        in the
        related Available Distribution Amount, prior to any distributions to the
        related
        Certificateholders. On each Distribution Date, such amounts will be remitted
        to
        the related Supplemental Interest Trust, first to make any Net Swap Payment
        owed
        to the related Swap Provider pursuant to the related Interest Rate Swap
        Agreement for such Distribution Date and for prior Distribution Dates, and
        second to make any Swap Termination Payment (not due to a Swap Provider Trigger
        Event) owed to the related Swap Provider pursuant to the related Interest
        Rate
        Swap Agreement for such Distribution Date and for prior Distribution Dates.
        Any
        Swap Termination Payment triggered by a Swap Provider Trigger Event owed
        to the
        related Swap Provider pursuant to the related Interest Rate Swap Agreement
        will
        be subordinated to distributions to the Holders of the related Offered
        Certificates and shall be paid as set forth in Section 4.01(l)(v) and
        4.01(m)(v).

       

      (b)  On
        each
        Distribution Date, the Trustee shall withdraw from the Certificate Account
        that
        portion of Available Distribution Amount for such Distribution Date consisting
        of the Interest Remittance Amount in respect of the Group 1 Loans 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 related
        Interest Remittance Amount for such Class for such Distribution
        Date:

       

      (i)  from
        the
        Interest Remittance Amount in respect of the Group 1 Loans, concurrently
        to the
        Holders of the Class 1-A1-1, Class 1-A1-2, Class 1-A2-A, Class 1-A2-B and
        Class
        1-A2-C Certificates, pro rata, based on entitlement the related Monthly Interest
        Distributable Amount and any Unpaid Interest Shortfall Amount for each such
        Class for such Distribution Date;

       

      (ii)  from
        the
        remaining Interest Remittance Amount in respect of the Group 1 Loans, to
        the
        Class 1-M-1 Certificates, the related Monthly Interest Distributable Amount
        for
        such Class for such Distribution Date;

       

      (iii)  from
        the
        remaining Interest Remittance Amount in respect of the Group 1 Loans, to
        the
        Class 1-M-2 Certificates, the related Monthly Interest Distributable Amount
        for
        such Class for such Distribution Date;

       

      (iv)  from
        the
        remaining Interest Remittance Amount in respect of the Group 1 Loans, to
        the
        Class 1-M-3 Certificates, the related Monthly Interest Distributable Amount
        for
        such Class for such Distribution Date;

       

      (v)  from
        the
        remaining Interest Remittance Amount in respect of the Group 1 Loans, to
        the
        Class 1-M-4 Certificates, the related Monthly Interest Distributable Amount
        for
        such Class for such Distribution Date;

       

      (vi)  from
        the
        remaining Interest Remittance Amount in respect of the Group 1 Loans, to
        the
        Class 1-M-5 Certificates, the related Monthly Interest Distributable Amount
        for
        such Class for such Distribution Date;

       

      (vii)  from
        the
        remaining Interest Remittance Amount in respect of the Group 1 Loans, to
        the
        Class 1-M-6 Certificates, the related Monthly Interest Distributable Amount
        for
        such Class for such Distribution Date;

       

      (viii)  from
        the
        remaining Interest Remittance Amount in respect of the Group 1 Loans, to
        the
        Class 1-M-7 Certificates, the related Monthly Interest Distributable Amount
        for
        such Class for such Distribution Date;

       

      (ix)  from
        the
        remaining Interest Remittance Amount in respect of the Group 1 Loans, to
        the
        Class 1-M-8 Certificates, the related Monthly Interest Distributable Amount
        for
        such Class for such Distribution Date; and

       

      (x)  from
        the
        remaining Interest Remittance Amount in respect of the Group 1 Loans, to
        the
        Class 1-B Certificates, the related Monthly Interest Distributable Amount
        for
        such Class for such Distribution Date.

       

      (c)  On
        each
        Distribution Date, the Trustee shall withdraw from the Certificate Account
        that
        portion of Available Distribution Amount for such Distribution Date consisting
        of the Interest Remittance Amount in respect of the Group 2 Loans 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 related
        Interest Remittance Amount for such Class for such Distribution
        Date:

       

      (i)  from
        the
        Interest Remittance Amount in respect of the Group 2 Loans, concurrently
        to the
        Holders of the Class 2-A-1 Certificates and Class 2-A-2 Certificates, the
        related Monthly Interest Distributable Amount and any Unpaid Interest Shortfall
        Amount for each such Class for such Distribution Date;

       

      (ii)  from
        the
        remaining Interest Remittance Amount in respect of the Group 2 Loans, to
        the
        Class 2-M-1 Certificates, the related Monthly Interest Distributable Amount
        for
        such Class for such Distribution Date;

       

      (iii)  from
        the
        remaining Interest Remittance Amount in respect of the Group 2 Loans, to
        the
        Class 2-M-2 Certificates, the related Monthly Interest Distributable Amount
        for
        such Class for such Distribution Date;

       

      (iv)  from
        the
        remaining Interest Remittance Amount in respect of the Group 2 Loans, to
        the
        Class 2-M-3 Certificates, the related Monthly Interest Distributable Amount
        for
        such Class for such Distribution Date; and

       

      (v)  from
        the
        remaining Interest Remittance Amount in respect of the Group 2 Loans, to
        the
        Class 2-B Certificates, the related Monthly Interest Distributable Amount
        for
        such Class for such Distribution Date.

       

      (d)  On
        each
        Distribution Date (i) prior to the Group 1 Stepdown Date or (ii) on or after
        the
        Group 1 Stepdown Date if a Group 1 Trigger Event is in effect, the Trustee
        shall
        withdraw from the Certificate Account an amount equal to the Principal
        Distribution Amount related to Loan Group 1 and distribute to the Holders
        of the
        Class 1-A, Class 1-M and Class 1-B Certificates, distributions in respect
        of
        principal to the extent of the related Principal Distribution Amount remaining
        for such Distribution Date:

       

      (i)  first,
        concurrently on a pro rata basis, to the Holders of the Class 1-A1 Certificates
        and Class 1-A2 Certificates, based on the Certificate Principal Balances
        thereof, the Principal Distribution Amount related to Loan Group 1, in each
        case
        until the Certificate Principal Balances thereof have been reduced to zero,
        provided however that, except as provided in clause (f) below, any amounts
        payable to the Class 1-A2 Certificates shall be paid sequentially, to the
        Holders of the Class 1-A2-A, Class 1-A2-B and Class 1-A2-C Certificates,
        in that
        order, in each case until the Certificate Principal Balance thereof has been
        reduced to zero; and

       

      (ii)  second,
        from the remaining related Principal Distribution Amount, sequentially, to
        the
        Holders of the Class 1-M-1, Class 1-M-2, Class 1-M-3, Class 1-M-4, Class
        1-M-5,
        Class 1-M-6, Class 1-M-7, Class 1-M-8 and Class 1-B Certificates, in that
        order,
        in each case until the Certificate Principal Balances thereof have been reduced
        to zero.

       

      (e)  On
        each
        Distribution Date (i) on and after the Group 1 Stepdown Date and (ii) on
        which a
        Group 1 Trigger Event is not in effect, the Trustee shall withdraw from the
        Certificate Account an amount equal to the related Principal Distribution
        Amount
        and distribute to the Holders of the Class 1-A, Class 1-M and Class 1-B
        Certificates, distributions in respect of principal to the extent of the
        related
        Principal Distribution Amount remaining for such Distribution Date:

       

      (i)  first,
        concurrently on a pro rata basis, to the Holders of the Class 1-A1 Certificates
        and Class 1-A2 Certificates, based on the Certificate Principal Balances
        thereof, the related Class 1-A Principal Distribution Amount, in each case
        until
        the Certificate Principal Balances thereof have been reduced to zero, provided
        however that, except as provided in clause (f) below, any amounts payable
        to the
        Class 1-A2 Certificates shall be paid sequentially, to the Holders of the
        Class
        1-A2-A, Class 1-A2-B and Class 1-A2-C Certificates, in that order, in each
        case
        until the Certificate Principal Balance thereof has been reduced to zero;
        and

       

      (ii)  second,
        sequentially, to the Holders of the Class 1-M-1, Class 1-M-2, Class 1-M-3,
        Class
        1-M-4, Class 1-M-5, Class 1-M-6, Class 1-M-7, Class 1-M-8 and Class 1-B
        Certificates, in that order, the related Subordinate Class Principal
        Distribution Amount, in each case until the Certificate Principal Balances
        thereof have been reduced to zero.

       

      (f)  Notwithstanding
        the foregoing, on any Distribution Date on which the aggregate Certificate
        Principal Balance of the Class 1-M Certificates and Class 1-B Certificates
        and
        the related Overcollateralized Amount have been reduced to zero, the related
        Principal Distribution Amount will be paid to the Class 1-A Certificates
        on a
        pro rata basis, based on the Certificate Principal Balances thereof, until
        reduced to zero.

       

      (g)  Notwithstanding
        the foregoing, to the extent any Net Swap Payment or Swap Termination Payment
        with respect to the Group 1 Interest Rate Swap Agreement is payable from
        principal collections from Loan Group 1, Principal Distribution Amounts with
        respect to Loan Group 1 will be deemed paid to the most subordinate class
        of
        related Certificates (other than the Class R Certificates and Class P-R
        Certificates), until the Certificate Principal Balance thereof has been reduced
        to zero.

       

      (h)  Except
        as
        provided in clause (j) below, on each Distribution Date (i) prior to the
        Group 2
        Stepdown Date or (ii) on or after the Group 2 Stepdown Date if a Group 2
        Trigger
        Event is in effect, the Trustee shall withdraw from the Certificate Account
        an
        amount equal to the related Principal Distribution Amount and distribute
        to the
        Holders of the Class 2-A, Class 2-M and Class 2-B Certificates, distributions
        in
        respect of principal to the extent of the related Principal Distribution
        Amount
        remaining for such Distribution Date:

       

      (i)  first,
        to
        the Holders of the Class 2-A-1 Certificates and Class 2-A-2 Certificates,
        concurrently, on a pro rata basis, based on the Certificate Principal Balances
        thereof, the Principal Distribution Amount related to Loan Group 2;
        and

       

      (ii)  second,
        from the remaining related Principal Distribution Amount, sequentially, to
        the
        Holders of the Class 2-M-1, Class 2-M-2, Class 2-M-3 and Class 2-B Certificates,
        in that order, in each case until the Certificate Principal Balances thereof
        have been reduced to zero.

       

      (i)  Except
        as
        provided in clause (j) below, on each Distribution Date (i) on and after
        the
        Group 2 Stepdown Date and (ii) on which a Group 2 Trigger Event is not in
        effect, the Trustee shall withdraw from the Certificate Account an amount
        equal
        to the related Principal Distribution Amount and distribute to the Holders
        of
        the Class 2-A, Class 2-M and Class 2-B Certificates, distributions in respect
        of
        principal to the extent of the related Principal Distribution Amount remaining
        for such Distribution Date:

       

      (i)  first,
        to
        the Holders of the Class 2-A-1 Certificates and Class 2-A-2 Certificates,
        concurrently, on a pro rata basis, based on the Certificate Principal Balances
        thereof, the Class 2-A Principal Distribution Amount; and

       

      (ii)  second,
        sequentially, to the Holders of the Class 2-M-1, Class 2-M-2, Class 2-M-3
        and
        Class 2-B Certificates, in that order, the related Subordinate Class Principal
        Distribution Amount, in each case until the Certificate Principal Balances
        thereof have been reduced to zero.

       

      (j)  [reserved].

       

      (k)  Notwithstanding
        the foregoing, to the extent any Net Swap Payment or Swap Termination Payment
        with respect to the Group 2 Interest Rate Swap Agreement is payable from
        principal collections from Loan Group 2, Principal Distribution Amounts with
        respect to Loan Group 2 will be deemed paid to the most subordinate class
        of
        related Certificates (other than the Class R Certificates and Class P-M
        Certificates), until the Certificate Principal Balance thereof has been reduced
        to zero.

       

      (l)  On
        each
        Distribution Date the Net Monthly Excess Cashflow related to Loan Group 1
        shall
        be distributed in the following order of priority:

       

      (i)  from
        the
        portion of Net Monthly Excess Cashflow with respect to Loan Group 1 otherwise
        distributable to each of the Class C-R Certificates, to the Holders of the
        Class
        1-A, Class 1-M and Class 1-B Certificates then entitled to receive distributions
        in respect of principal, in an amount equal to any related Extra Principal
        Distribution Amount, payable to such Holders as part of the related Principal
        Distribution Amount as described under Sections 4.01(d), (e) and (f) above,
        as
        applicable;

       

      (ii)  to
        the
        Holders of the Class 1-A Certificates, pro rata, in an amount equal to any
        related Allocated Realized Loss Amount for each such class;

       

      (iii)  sequentially,
        to the Holders of the Class 1-M-1, Class 1-M-2, Class 1-M-3, Class 1-M-4,
        Class
        1-M-5, Class 1-M-6, Class 1-M-7, Class 1-M-8 and Class 1-B Certificates,
        in that
        order, an amount equal to the sum of the Unpaid Interest Shortfall Amount
        and
        the Allocated Realized Loss Amount (such amount to be applied first to cover
        Unpaid Interest Shortfall Amount for such class and second to cover Allocated
        Realized Loss Amount for such Class) for each such Class;

       

      (iv)  from
        the
        portion of Net Monthly Excess Cashflow with respect to Loan Group 1 otherwise
        distributable to the Class C-R Certificates, to the Group 1 Net WAC Shortfall
        Reserve Fund, (i) first, to pay the Class 1-A, Class 1-M and Class 1-B
        Certificates, on a pro rata basis, based on the Certificate Principal Balances
        thereof, to the extent needed to pay any remaining related Net WAC Shortfall
        Amount for each such class and to the extent such amount exceeds the amounts
        then on deposit in the Group 1 Net WAC Shortfall Reserve Fund; provided that
        any
        related Net Monthly Excess Cashflow remaining after such allocation to pay
        any
        such Net WAC Shortfall Amount based on the Certificate Principal Balances
        of the
        Class 1-A, Class 1-M and Class 1-B Certificates will be distributed to each
        such
        class of certificates with respect to which there remains any unpaid Net
        WAC
        Shortfall Amount (after the distribution based on Certificate Principal
        Balances), pro rata, based on the amount of such unpaid Net WAC Shortfall
        Amount
        to the extent such amount exceeds the amounts then on deposit in the Group
        1 Net
        WAC Shortfall Reserve Fund, and (ii) second, to maintain a balance in the
        Group
        1 Net WAC Shortfall Reserve Fund equal to the Group 1 Net WAC Shortfall Reserve
        Fund Deposit;

       

      (v)  to
        the
        Group 1 Supplemental Interest Trust for payment to the Group 1 Swap Provider
        any
        Swap Termination Payments with respect to the Group 1 Interest Rate Swap
        Agreement owed to the Group 1 Swap Provider due to a Swap Provider Trigger
        Event
        not previously paid; 

       

      (vi)  to
        the
        Holders of the Class C-R Certificates, an amount equal to the Class C-R
        Distribution Amount, reduced by amounts distributed in clauses (i) and (iv)
        above; and

       

      (ix) to
        the
        Class R Certificates, any remaining amounts.

       

      (m)  On
        each
        Distribution Date the Net Monthly Excess Cashflow related to Loan Group 2
        shall
        be distributed in the following order of priority:

       

      (i)  from
        the
        portion of Net Monthly Excess Cashflow with respect to Loan Group 2 otherwise
        distributable to the Class C-M Certificates, to the Holders of the Class
        2-A,
        Class 2-M and Class 2-B Certificates then entitled to receive distributions
        in
        respect of principal, in an amount equal to any related Extra Principal
        Distribution Amount, payable to such Holders as part of the related Principal
        Distribution Amount as described under Sections 4.01(h), (i) and (j) above,
        as
        applicable;

       

      (ii)  to
        the
        Holders of the Class 2-A Certificates, pro rata, in an amount equal to any
        related Allocated Realized Loss Amount for each such class;

       

      (iii)  sequentially,
        to the Holders of the Class 2-M-1, Class 2-M-2, Class 2-M-3 and Class 2-B
        Certificates, in that order, an amount equal to the sum of the Unpaid Interest
        Shortfall Amount and the Allocated Realized Loss Amount (such amount to be
        applied first to cover Unpaid Interest Shortfall Amounts for such class and
        second to cover Allocated Realized Loss Amounts for such class) for each
        such
        class;

       

      (iv)  from
        the
        portion of Net Monthly Excess Cashflow with respect to Loan Group 2 otherwise
        distributable to the Class C-M Certificates, to the Group 2 Net WAC Shortfall
        Reserve Fund, (i) first, to pay the Class 2-A, Class 2-M and Class 2-B
        Certificates, on a pro rata basis, based on the Certificate Principal Balances
        thereof, to the extent needed to pay any remaining related Net WAC Shortfall
        Amount for each such class to the extent such amount exceeds the amounts
        then on
        deposit in the Group 2 Net WAC Shortfall Reserve Fund; provided that any
        related
        Net Monthly Excess Cashflow remaining after such allocation to pay any such
        Net
        WAC Shortfall Amount based on the Certificate Principal Balances of the Class
        2-A, Class 2-M and Class 2-B Certificates will be distributed to each such
        class
        of certificates with respect to which there remains any unpaid Net WAC Shortfall
        Amount (after the distribution based on Certificate Principal Balances),
        pro
        rata, based on the amount of such unpaid Net WAC Shortfall Amount to the
        extent
        such amount exceeds the amounts then on deposit in the Group 2 Net WAC Shortfall
        Reserve Fund, and (ii) second, to maintain a balance in the Group 2 Net WAC
        Shortfall Reserve Fund equal to the Group 2 Net WAC Shortfall Reserve Fund
        Deposit;

       

      (v)  to
        the
Group
        2
        Supplemental Interest Trust for payment to the Group 2 Swap Provider any
        Swap
        Termination Payments with respect to the Group 2 Interest Rate Swap Agreement
        owed to the Group 2 Swap Provider due to a Swap Provider Trigger Event not
        previously paid; 

       

      (vi)  to
        the
        Holders of the Class C-M Certificates, an amount equal to the Class C-M
        Distribution Amount, reduced by amounts distributed in clauses (i) and (iv)
        above; and

       

      (ix) to
        the
        Class R Certificates, any remaining amounts.

       

      (n)  On
        or
        before each Distribution Date, the Trustee shall distribute from the amounts
        received from the Group 1 Swap Provider pursuant to the Group 1 Interest
        Rate
        Swap Agreement in respect of any Net Swap Payment then on deposit in an account
        held by the Group 1 Supplemental Interest Trust to the Class 1-A, Class 1-M
        and
        Class 1-B Certificates in the following order of priority:

       

      (i)  to
        the
        Holders of the Class 1-A Certificates, pro rata, based on entitlement, an
        amount
        equal to any Unpaid Interest Shortfall Amount for such Class or Classes,
        in each
        case, to the extent not covered by the related Interest Remittance Amount
        on
        that Distribution Date and solely to the extent the Unpaid Interest Shortfall
        Amount is as a result of the interest portion of Realized Losses;

       

      (ii)  sequentially,
        to the Holders of the Class 1-M-1, Class 1-M-2, Class 1-M-3, Class 1-M-4,
        Class
        1-M-5, Class 1-M-6, Class 1-M-7, Class 1-M-8 and Class 1-B Certificates,
        in that
        order, in an amount equal to any Unpaid Interest Shortfall Amount for such
        Class
        or Classes, in each case, to the extent not covered by the related Interest
        Remittance Amount on that Distribution Date and solely to the extent the
        Unpaid
        Interest Shortfall Amount is as a result of the interest portion of Realized
        Losses;

       

      (iii)  to
        the
        Holders of the Class 1-A, Class 1-M and Class 1-B Certificates, an amount
        equal
        to any related Extra Principal Distribution Amount, in each case, to the
        extent
        not covered by any related Net Monthly Excess Cashflow on that Distribution
        Date
        and solely to the extent the payment of the related Extra Principal Distribution
        Amount is as a result of current or prior period Realized Losses, to be included
        in the related Principal Distribution Amount for that Distribution Date and
        payable to such Holders as part of the related Principal Distribution Amount
        as
        described under Sections 4.01(d), (e) and (l) above, as applicable;

       

      (iv)  to
        the
        Group 1 Net WAC Reserve Fund, (i) first, to pay related Net WAC Shortfall
        Amounts to the Holders of the Class 1-A, Class 1-M and Class 1-B Certificates,
        on a pro rata basis, based on the aggregate amount of Net WAC Shortfall Amounts
        for such class(es) of Class 1-A, Class 1-M and Class 1-B Certificates remaining
        unpaid, to the extent not covered by the related Net Monthly Excess Cashflow
        on
        that Distribution Date, and (ii) second, to maintain a balance in the Group
        1
        Net WAC Shortfall Reserve Fund equal to the Group 1 Net WAC Shortfall Reserve
        Fund Deposit;

       

      (v)  to
        the
        Holders of the Class 1-A Certificates, pro rata, in an amount equal to any
        Allocated Realized Loss Amount for such Class or Classes, in each case, to
        the
        extent not covered by any related Net Monthly Excess Cashflow on that
        Distribution Date; and

       

      (vi)  sequentially
        to the Holders of the Class 1-M-1, Class 1-M-2, Class 1-M-3, Class 1-M-4,
        Class
        1-M-5, Class 1-M-6, Class 1-M-7, Class 1-M-8 and Class 1-B Certificates,
        in that
        order, in an amount equal to any Allocated Realized Loss Amount for such
        Class
        or Classes, to the extent not covered by any related Net Monthly Excess Cashflow
        on that Distribution Date.

       

      (o)  On
        or
        before each Distribution Date, the Trustee shall distribute from the amounts
        received from the Group 2 Swap Provider pursuant to the Group 2 Interest
        Rate
        Swap Agreement in respect of any Net Swap Payment then on deposit in an account
        held by the Group 2 Supplemental Interest Trust to the Class 2-A, Class 2-M
        and
        Class 2-B Certificates in the following order of priority:

       

      (i)  concurrently
        to the Holders of the Class 2-A-1 Certificates and Class 2-A-2 Certificates,
        pro
        rata, based on entitlement, an amount equal to any Unpaid Interest Shortfall
        Amount for such Class or Classes to the extent not covered by the related
        Interest
        Remittance Amount on that Distribution Date and solely to the extent the
        Unpaid
        Interest Shortfall Amount is as a result of the interest portion of Realized
        Losses;

       

      (ii)  sequentially,
        to the Holders of the Class 2-M-1, Class 2-M-2, Class 2-M-3 and Class 2-B
        Certificates, in that order, in an amount equal to any Unpaid Interest Shortfall
        Amount for such Class or Classes to the extent not covered by the related
        Interest Remittance Amount on that Distribution Date and solely to the extent
        the Unpaid Interest Shortfall Amount is as a result of the interest portion
        of
        Realized Losses;

       

      (iii)  to
        the
        Holders of the Class 2-A, Class 2-M and Class 2-B Certificates, an amount
        equal
        to any
        related Extra Principal Distribution Amount,
        in each
        case, to the extent not covered by any related Net Monthly Excess Cashflow
        on
        that Distribution Date and solely to the extent the payment of the related
        Extra
        Principal Distribution Amount is as a result of current or prior period Realized
        Losses, to be included in the related Principal Distribution Amount for that
        Distribution Date and payable to such Holders as part of the related Principal
        Distribution Amount as described under Sections 4.01(h), (i) and (m) above,
        as
        applicable;

       

      (iv)  to
        the
        Group 2 Net WAC Reserve Fund, (i) first, to pay related Net WAC Shortfall
        Amounts to the Holders of the Class 2-A, Class 2-M and Class 2-B Certificates,
        on a pro rata basis, based on the aggregate amount of Net WAC Shortfall Amounts
        for such Class(es) of Class 2-A, Class 2-M and Class 2-B Certificates remaining
        unpaid, to the extent not covered by the related Net Monthly Excess Cashflow
        on
        that Distribution Date, and (ii) second, to maintain a balance in the Group
        2
        Net WAC Shortfall Reserve Fund equal to the Group 2 Net WAC Shortfall Reserve
        Fund Deposit;

       

      (v)  to
        the
        Holders of the Class 2-A Certificates, pro rata, in an amount equal to any
        Allocated Realized Loss Amount for such Class or Classes, to the extent not
        covered by any related Net Monthly Excess Cashflow on that Distribution Date;
        and

       

      (vi)  sequentially
        to the Holders of the Class 2-M-1, Class 2-M-2, Class 2-M-3 and Class 2-B
        Certificates, in that order, in an amount equal to any Allocated Realized
        Loss
        Amount for such Class or Classes, to the extent not covered by any related
        Net
        Monthly Excess Cashflow on that Distribution Date.

       

      (p)  On
        each
        Distribution Date, all amounts representing Prepayment Charges in respect
        of the
        Mortgage Loans received during the related Prepayment Period and any Master
        Servicer Prepayment Charge Amounts paid by the Master Servicer during the
        related Prepayment Period will be withdrawn from the Certificate Account
        and
        distributed by the Trustee to the Holders of the Class P-R Certificates with
        respect to the Mortgage Loans in Loan Group 1 and Class P-M Certificates
        with
        respect to the Mortgage Loans in Loan Group 2 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.

       

      (q)  Each
        distribution with respect to a Book-Entry Certificate shall be paid to the
        Depository, as Holder thereof, and the Depository shall be responsible for
        crediting 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. None of the Trustee, the Depositor
        or the Master Servicer shall have any responsibility therefor except as
        otherwise provided by this Agreement or applicable law.

       

      (r)  The
        Trustee, upon written direction of the Master Servicer, shall invest or cause
        the institution maintaining the Certificate Account to invest the funds in
        the
        Certificate Account in Permitted Investments designated in the name of the
        Trustee for the benefit of the Certificateholders, which shall mature not
        later
        than the Distribution Date next following the date of such investment and
        shall
        not be sold or disposed of prior to maturity. All income and gain realized
        from
        any such investment shall be for the benefit of the Master Servicer and shall
        be
        subject to its withdrawal or order from time to time. The amount of any losses
        incurred in respect of any such investments shall be deposited in the
        Certificate Account by the Master Servicer out of its own funds immediately
        as
        realized without any right of reimbursement.

       

      (s)  Except
        as
        otherwise provided in Section 9.01, if the Master Servicer anticipates that
        a
        final distribution with respect to any Class of Certificates will be made
        on the
        next Distribution Date, the Master Servicer shall, no later than the 15th
        day of
        the month in the month of such final distribution (or if such 15th day is
        not a
        Business Day, the Business Day immediately preceding such 15th day), notify
        the
        Trustee and the Trustee shall, no later than two (2) Business Days after
        such
        date, mail on such date to each Holder of such Class of Certificates a notice
        to
        the effect that: (i) the Trustee anticipates that the final distribution
        with
        respect to such Class of Certificates will be made on such Distribution Date
        but
        only upon presentation and surrender of such Certificates at the office of
        the
        Trustee or as otherwise specified therein, and (ii) no interest shall accrue
        on
        such Certificates from and after the end of the prior calendar
        month.

       

      Any
        funds
        not distributed to any Holder or Holders of Certificates of such Class on
        such
        Distribution Date because of the failure of such Holder or Holders to tender
        their Certificates shall, on such date, be set aside and held in trust and
        credited to the account of the appropriate non-tendering Holder or Holders.
        If
        any Certificates as to which notice has been given pursuant to this Section
        4.01(r) shall not have been surrendered for cancellation within six months
        after
        the time specified in such notice, the Trustee shall mail a second notice
        to the
        remaining non-tendering Certificateholders to surrender their Certificates
        for
        cancellation in order to receive the final distribution with respect thereto.
        If
        within six months after the second notice all such Certificates shall not
        have
        been surrendered for cancellation, the Trustee shall take reasonable steps
        as
        directed by the Depositor, or appoint an agent to take reasonable steps,
        to
        contact the remaining non-tendering Certificateholders concerning surrender
        of
        their Certificates. The costs and expenses of maintaining the funds in trust
        and
        of contacting such Certificateholders shall be paid out of the assets remaining
        in the Trust Fund. If within nine months after the second notice any such
        Certificates shall not have been surrendered for cancellation, the Class
        R
        Certificateholders shall be entitled to all unclaimed funds and other assets
        which remain subject hereto. No interest shall accrue or be payable to any
        Certificateholder on any amount held in trust as a result of such
        Certificateholder's failure to surrender its Certificate(s) for final payment
        thereof in accordance with this Section 4.01(r).

       

      
        	Section
                4.02.  	
                Statements
                  to Certificateholders.

              

      

       

      (a) On
        each
        Distribution Date, based, as applicable, on information provided to it by
        the
        Master Servicer, the Trustee shall prepare and make available on the Trustee’s
        website, which 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), to each Holder of the Regular
        Certificates, the Swap Providers, the Master Servicer and the Rating Agencies,
        a
        statement as to the distributions made on such Distribution Date setting
        forth,
        with respect to each Loan Group:

       

      (i)  the
        applicable record dates, accrual periods, determination dates for calculating
        distributions and general distributions dates;

       

      (ii)  the
        total
        cash flows received and the general sources thereof;

       

      (iii)  the
        amount of any Net Swap Payment payable to the related Supplemental Interest
        Trust, any Net Swap Payment payable to the related Swap Provider, any Swap
        Termination Payment payable to the related Supplemental Interest Trust and
        any
        Swap Termination Payment payable to the related Swap Provider;

       

      (iv)  
        (A) 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
        (B) the amount of the distribution made on such Distribution Date to the
        Holders
        of the Class P Certificates allocable to Prepayment Charges and Master Servicer
        Prepayment Charge Payment Amounts;

       

      (v)  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;

       

      (vi)  the
        Pass-Through Rate on each Class of Regular Certificates (other than the Class
        P
        Certificates) for such Distribution Date;

       

      (vii)  the
        aggregate amount of Advances for such Distribution Date (including the general
        purpose of such Advances), the aggregate amount of unreimbursed Advances
        at the
        close of business on the Distribution Date, and the general source of funds
        for
        reimbursements;

       

      (viii)  the
        number and Aggregate Stated Principal Balance of the Mortgage Loans as of
        the
        end of the related Due Period;

       

      (ix)  the
        related Overcollateralization Release Amount and the related
        Overcollateralization Deficiency Amount for such Distribution Date;

       

      (x)  the
        aggregate Certificate Principal Balance of each Class of Regular Certificates
        after giving effect to the amounts distributed on such Distribution Date
        (in the
        case of each Class of the Offered Certificates, separately identifying any
        reduction thereof due to the allocation of Realized Losses
        thereto);

       

      (xi)  the
        number and Stated Principal Balance of Mortgage Loans in respect of which
        (a)
        one Scheduled Payment is delinquent, (b) two Scheduled Payments are delinquent,
        (c) three or more Scheduled Payments are delinquent and (d) foreclosure
        proceedings have been commenced, in each case as of the end of the calendar
        month prior to such Distribution Date;

       

      (xii)  the
        number, aggregate principal balance and book value of any REO Properties
        as of
        the close of business on the last day of the calendar month preceding the
        month
        in which such Distribution Date occurs;

       

      (xiii)  the
        weighted average remaining term to maturity, weighted average Mortgage Rate
        and
        weighted average Net Mortgage Rate of the Mortgage Loans as of the close
        of
        business on the first day of the calendar month in which such Distribution
        Date
        occurs;

       

      (xiv)  the
        aggregate amount of Principal Prepayments made during the related Prepayment
        Period;

       

      (xv)  the
        aggregate amount of Realized Losses incurred during the related Prepayment
        Period and the cumulative amount of Realized Losses;

       

      (xvi)  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;

       

      (xvii)  the
        aggregate amount of extraordinary Trust Fund expenses withdrawn from the
        Custodial Account or the Certificate Account for such Distribution
        Date;

       

      (xviii)  the
        aggregate amount of any Prepayment Interest Shortfalls for such Distribution
        Date, to the extent not covered by payments by the Master Servicer or a
        Sub-Servicer pursuant to Section 3.23, and the aggregate amount of Relief
        Act
        Interest Shortfalls for such Distribution Date;

       

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

       

      (xx)  (A)
        the
        related Overcollateralization Target Amount, (B) the related Overcollateralized
        Amount and (C) the amount, if any, by which the related Overcollateralization
        Target Amount exceeds the related Overcollateralized Amount, in each case
        after
        giving effect to the distribution made on the Regular Certificates on such
        Distribution Date;

       

      (xxi)  the
        aggregate amount of servicing compensation received by the Master Servicer
        with
        respect to the related Due Period and such other customary information as
        the
        Trustee deems necessary or desirable, or which a Certificateholder reasonably
        requests, to enable Certificateholders to prepare their tax
        returns;

       

      (xxii)  the
        aggregate of any deposits to and withdrawals from the related Net WAC Shortfall
        Reserve Fund for such Distribution Date and the remaining amount on deposit
        in
        the related Net WAC Shortfall Reserve Fund after such deposits and
        withdrawals;

       

      (xxiii)  the
        Available Distribution Amount for such Distribution Date; 

       

      (xxiv)  updated
        pool composition data including the following with respect to each Loan Group:
        average loan balance, weighted average mortgage rate, weighted average
        loan-to-value ratio at origination, weighted average FICO at origination,
        and
        weighted average remaining term;

       

      (xxv)  information
        about any additions of, substitutions for or removal of any Mortgage Loans
        from
        the Trust Fund, and any changes in the underwriting, acquisition or selection
        criteria as to any Mortgage Loans added to the Trust Fund; and

       

      (xxvi)  the
        amount of any Net Swap Payment payable to the related Supplemental Interest
        Trust made pursuant to the related Interest Rate Swap Agreement, any Net
        Swap
        Payment payable to the related Swap Provider pursuant to the fourth paragraph
        of
        Section 4.01(a), any Swap Termination Payment payable to the related
        Supplemental Interest Trust made pursuant to the related Interest Rate Swap
        Agreement and any Swap Termination Payment to the related Swap Provider made
        pursuant to the fourth paragraph of Section 4.01(a), or Section 4.01(l)(v)
        or
        Section 4.01(m)(v).

       

      In
        the
        case of information furnished pursuant to subclauses (i) and (ii) above,
        the
        amounts shall also be expressed as a dollar amount per Single
        Certificate.

       

      On
        each
        Distribution Date the Trustee shall provide Bloomberg Financial Markets,
        L.P.
        (“Bloomberg”) CUSIP level factors for each Class of Certificates as of such
        Distribution Date, using a format and media mutually acceptable to the Trustee
        and Bloomberg.

       

      Within
        a
        reasonable period of time after the end of each calendar year, the Trustee
        shall
        prepare and forward, to each Person who at any time during the calendar year
        was
        a Holder of a Certificate, 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 provided by the Trustee
        pursuant to any requirements of the Code and regulations thereunder as from
        time
        to time are in force.

       

      On
        each
        Distribution Date the Trustee shall prepare and make available on the Trustee’s
        website (or deliver at the recipient's option), to each Holder of a Class
        R
        Certificate a copy of the reports forwarded to the other Certificateholders
        on
        such Distribution Date.

       

      Within
        a
        reasonable period of time after the end of each calendar year, the Trustee
        shall
        prepare and forward, to each Person who at any time during the calendar year
        was
        a Holder of a Class R Certificate 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 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 are
        in
        force.

       

      The
        location of the Trustee’s website and the procedures used therein are subject to
        change from time to time at the Trustee’s discretion. The Trustee shall have the
        right to change the way monthly distribution statement are distributed in
        order
        to make such distribution more convenient and/or more accessible to the above
        parties. The Trustee shall be entitled to conclusively rely on but shall
        not be
        responsible for the content or accuracy of any information provided by third
        parties for purposes of preparing the monthly statement, and may affix thereto
        any disclaimer it deems appropriate in its reasonable discretion (without
        suggesting liability on the part of any other party hereto). As a condition
        to
        access the Trustee’s website, the Trustee may require registration and the
        acceptance of a disclaimer. Notwithstanding anything to the contrary set
        forth
        in this Agreement, the parties hereto acknowledge that in connection with
        the
        Trustee’s preparation of the foregoing reports, the Trustee will rely solely
        upon the information provided to it in the Remittance Reports.

       

      
        	Section
                4.03.  	
                Remittance
                  Reports; Advances by the Master
                  Servicer.

              

      

       

      (a)  On
        the
        Business Day following each Determination Date, the Master Servicer shall
        deliver to the Trustee a report, prepared as of the close of business on
        Business Day preceding such Determination Date (the “Remittance Report”), in the
        form of an electromagnetic tape or disk. The Remittance Report and any written
        information supplemental thereto shall include such information with respect
        to
        the Mortgage Loans that is required by the Trustee for purposes of making
        the
        calculations and preparing the statement described in Sections 4.01 and 4.02,
        as
        set forth in written specifications or guidelines issued by the Trustee from
        time to time. The Trustee shall have no obligation to recompute, recalculate
        or
        verify any information provided to it by the Master Servicer.

       

      (b)  The
        Master Servicer shall determine the aggregate amount of Advances required
        to be
        made for the related Distribution Date, which shall be in an aggregate amount
        equal to the sum of (1) the aggregate amount of Monthly Payments, other than
        Balloon Payments, (with each interest portion thereof adjusted to the Mortgage
        Rate less the sum of the Master Servicing Fee Rate, the Sub-Servicing Fee
        Rate
        and any applicable PMI Insurer Fee Rate, and less the amount of any reductions
        in the amount of interest collectable from the Mortgagor pursuant to the
        Relief
        Act, on the Outstanding Mortgage Loans as of the related Due Date, which
        Monthly
        Payments were delinquent as of the close of business as of the related
        Determination Date) plus (2) with respect to each Balloon Loan delinquent
        in
        respect of its Balloon Payment as of the close of business on the related
        Determination Date, an amount equal to the assumed Monthly Payment (net of
        the
        related Master Servicing Fees and Sub-Servicing Fees) that would have been
        due
        on the related Due Date based on the original principal amortization scheduled
        for such Balloon Loan until such Balloon Loan is finally liquidated; provided
        that no Advance shall be made if it would be a Nonrecoverable Advance. On
        or
        before 4:00 P.M. New York time on each Certificate Account Deposit Date,
        the
        Master Servicer shall either (i) deposit in the Certificate Account from
        its own
        funds, or funds received therefor from the Sub-Servicers, an amount equal
        to the
        Advances to be made by the Master Servicer or any Sub-Servicers in respect
        of
        the related Distribution Date, (ii) withdraw from amounts on deposit in the
        Custodial Account and deposit in the Certificate Account all or a portion
        of the
        amounts held for future distribution in discharge of any such Advance, or
        (iii)
        make advances in the form of any combination of (i) and (ii) aggregating
        the
        amount of such Advance. Any portion of the amounts held for future distribution
        so used shall be replaced by the Master Servicer (to the extent not previously
        replaced by late collections of Monthly Payments in respect of which such
        Advance was made) by deposit in the Certificate Account on or before 1:00
        P.M.
        New York time on any future Certificate Account Deposit Date to the extent
        that
        funds attributable to the Mortgage Loans that are available in the Custodial
        Account for deposit in the Certificate Account on such Certificate Account
        Deposit Date shall be less than payments to Certificateholders required to
        be
        made on the following Distribution Date. The amount of any reimbursement
        pursuant to Section 3.11 in respect of outstanding Advances on any Distribution
        Date shall be allocated to specific Monthly Payments due but delinquent for
        previous Due Periods, which allocation shall be made, to the extent practicable,
        to Monthly Payments which have been delinquent for the longest period of
        time.
        Such allocations shall be conclusive for purposes of reimbursement to the
        Master
        Servicer from recoveries on related Mortgage Loans pursuant to Section 3.11.
        The
        determination by the Master Servicer that it has made a Nonrecoverable Advance
        or that any proposed Advance, if made, would constitute a Nonrecoverable
        Advance, shall be evidenced by a certificate of a Servicing Officer delivered
        to
        the Sponsor, the Certificate Insurer and the Trustee with the Remittance
        Report.
        The Trustee shall deposit all funds it receives pursuant to this Section
        4.03
        into the Certificate Account.

       

      (c)  In
        the
        event that the Master Servicer determines as of any Certificate Account Deposit
        Date that it will be unable to deposit in the Certificate Account an amount
        equal to the Advance required to be made for the immediately succeeding
        Distribution Date in the amount determined by the Master Servicer pursuant
        to
        paragraph (b) above, it shall give notice to the Trustee of its inability
        to
        Advance (such notice may be given by telecopy), not later than 4:00 P.M.,
        New
        York time, on such date, specifying the portion of such amount that it will
        be
        unable to deposit. Not later than 4:00 P.M., New York time, on the earlier
        of
        (x) two Business Days following such Certificate Account Deposit Date or
        (y) the
        Business Day preceding the related Distribution Date, unless by such time
        the
        Master Servicer shall have directly or indirectly deposited in the Certificate
        Account the entire amount of the Advances required to be made for the related
        Distribution Date, pursuant to Section 7.01, the Trustee shall (a) terminate
        all
        of the rights and obligations of the Master Servicer under this Agreement
        in
        accordance with Section 7.01 and (b) assume the rights and obligations of
        the
        Master Servicer hereunder, including the obligation to deposit in the
        Certificate Account an amount equal to the Advance for the immediately
        succeeding Distribution Date.

       

      The
        Master Servicer and the Sub-Servicer shall in all cases have a right prior
        to
        the Certificateholders to any particular funds on deposit in the Custodial
        Account from time to time for the reimbursement or payment of its Servicing
        Fee,
        Advances, Servicing Advances and any amounts reimbursable thereto in accordance
        with Section 3.11 of this Agreement, but only if and to the extent such amounts
        are to be reimbursed or paid from such particular funds on deposit in the
        Custodial Account pursuant to the express terms of this Agreement.

       

      
        	Section
                4.04.  	
                Distributions
                  on the REMIC Regular Interests.

              

      

       

      (a) On
        each
        Distribution Date, the Trustee shall cause the following amounts with respect
        to
        Loan Group 1, in the following order of priority, to be distributed by REMIC
        1
        to REMIC 3 on account of the REMIC 1 Regular Interests or withdrawn from
        the
        Certificate 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) from
        the
        Available Distribution Amount with respect to Loan Group 1 determined without
        regard to clause (ii)(2) of the definition thereof, to holders of the REMIC
        1
        Regular Interests, pro
        rata,
        in an
        amount equal to (A) the 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 the Available Distribution Amount with respect to Loan Group 1,
        determined without regard to clause (ii)(2) of the definition thereof, remaining
        after the distribution made pursuant to clause (i) above, first, to holders
        of
        REMIC 1 Regular Interest 1-Non-Swap, until the Uncertificated Principal Balance
        of such REMIC 1 Regular Interest is reduced to zero, and then, to holders
        of
        REMIC 1 Regular Interests 1-1-A through 1-60-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; 

       

      (iii) to
        holders of REMIC 1 Regular Interest P-R, (A) all amounts representing Prepayment
        Charges in respect of the Mortgage Loans in Loan Group 1 received during
        the
        related Prepayment Period, and (B) on the Distribution Date immediately
        following the expiration of the latest Prepayment Charge as identified on
        the
        related Prepayment Charge Schedule or any Distribution Date thereafter, any
        remaining Available Distribution Amount with respect to Loan Group 1, until
        an
        amount equal to the initial Uncertificated Principal Balance of such REMIC
        1
        Regular Interest has been distributed pursuant to this clause; and

       

      (iv) any
        remaining amount to the Holders of the Class R Certificates (in respect of
        the
        Class R-1 Interest).

       

      (b) On
        each
        Distribution Date, the Trustee shall cause the following amounts with respect
        to
        Loan Group 2, in the following order of priority, to be distributed by REMIC
        2
        to REMIC 3 on account of the REMIC 2 Regular Interests or withdrawn from
        the
        Certificate 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) from
        the
        Available Distribution Amount with respect to Loan Group 2, determined without
        regard to clause (ii)(2) of the definition thereof, to holders of REMIC 2
        Regular Interests, pro
        rata,
        in an
        amount equal to (A) the Uncertificated Accrued Interest for such REMIC 2
        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 the Available Distribution Amount with respect to Loan Group 2,
        determined without regard to clause (ii)(2) of the definition thereof, remaining
        after the distributions made pursuant to clause (i) above, first, to holders
        of
        REMIC 2 Regular Interest 2-Non-Swap, until the Uncertificated Principal Balance
        of such REMIC 2 Regular Interest is reduced to zero, and then, to holders
        of
        REMIC 2 Regular Interests 2-1-A through 2-119-B, starting with the lowest
        numerical denomination, until the Uncertificated Principal Balance of each
        such
        REMIC 2 Regular Interest is reduced to zero, provided that, for REMIC 2 Regular
        Interests with the same numerical denomination, such payments of principal
        shall
        be allocated pro
        rata
        between
        such REMIC 2 Regular Interests; 

       

      (iii) to
        holders of REMIC 2 Regular Interest P-M, (A) all amounts representing Prepayment
        Charges in respect of the Mortgage Loans in Loan Group 2 received during
        the
        related Prepayment Period, and (B) on the Distribution Date immediately
        following the expiration of the latest Prepayment Charge as identified on
        the
        related Prepayment Charge Schedule or any Distribution Date thereafter, any
        remaining Available Distribution Amount with respect to Loan Group 2, until
        an
        amount equal to the initial Uncertificated Principal Balance of such REMIC
        2
        Regular Interest has been distributed pursuant to this clause; and

       

      (iv) any
        remaining amount to the Holders of the Class R Certificates (in respect of
        the
        Class R-2 Interest).

       

      (c) (1) On
        each
        Distribution Date, the following amounts with respect to Loan Group 1, in
        the
        following order of priority, shall be distributed by REMIC 3 to REMIC 4 on
        account of the REMIC 3 Group 1 Regular Interests or withdrawn from the
        Certificate Account and distributed to the Holders of the Class R Certificates
        (in respect of the Class R-3 Interest), as the case may be:

       

      (i) from
        the
        Available Distribution Amount with respect to Loan Group 1, determined without
        regard to clause (ii)(2) of the definition thereof, to holders of REMIC 3
        Regular Interest 1-IO, in an amount equal to (A) the Uncertificated Accrued
        Interest for such REMIC 3 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 the Available Distribution Amount with respect to Loan Group
        1,
        determined without regard to clause (ii)(2) of the definition thereof, for
        such
        Distribution Date remaining after the distribution pursuant to clause (i),
        to
        holders of each REMIC 3 Group 1 Regular Interest (other than REMIC 3 Regular
        Interest 1-IO), pro
        rata,
        in an
        amount equal to (A) the Uncertificated Accrued Interest for such REMIC 3
        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 3 Regular Interest 1-ZZ
        and
        REMIC 3 Regular Interest P-R shall be reduced when the REMIC 3 Group 1
        Overcollateralized Amount is less than the REMIC 3 Group 1 Overcollateralization
        Target Amount, by the lesser of (x) the amount of such difference and (y)
        the
        Group 1 Maximum Uncertificated Accrued Interest Deferral Amount, and such
        amount
        will be payable to holders of each REMIC 3 Group 1 Regular Interest for which
        a
        Class 1-A, Class 1-M or Class 1-B Certificate is the Corresponding Certificate
        in the same proportion as the Extra Principal Distribution Amount with respect
        to Loan Group 1 is allocated to the Corresponding Certificates for each such
        REMIC 3 Regular Interest, and the Uncertificated Principal Balance of REMIC
        3
        Regular Interest 1-ZZ shall be increased by such amount;

       

      (iii) to
        the
        extent of the the Available Distribution Amount with respect to Loan Group
        1,
        determined without regard to clause (ii)(2) of the definition thereof, for
        such
        Distribution Date remaining after the distributions pursuant to clauses (i)
        and
        (ii), to holders of REMIC 3 Group 1 Regular Interests (other than REMIC 3
        Regular Interest 1-IO and P-R), allocated as follows:

       

      (A) 98.00%
        of
        such remainder to holders of REMIC 3 Regular Interest 1-AA, until the
        Uncertificated Principal Balance of such REMIC 3 Regular Interest is reduced
        to
        zero; and

       

      (B) 2.00%
        of
        such remainder, first, to holders of each REMIC 3 Group 1 Regular Interest
        for
        which a Class 1-A, Class 1-M or Class 1-B 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 3 Regular Interest, until the Uncertificated Principal Balances of
        such
        REMIC 3 Regular Interests are reduced to zero; and second, to the holders
        of
        REMIC 3 Regular Interest 1-ZZ, until the Uncertificated Principal Balance
        of
        such REMIC 3 Regular Interest is reduced to zero; 

       

      (iv) to
        holders of REMIC 3 Regular Interest P-R, (A) all amounts representing Prepayment
        Charges in respect of the Mortgage Loans in Loan Group 1 distributed on REMIC
        1
        Regular Interest P-R, and (B) on the Distribution Date immediately following
        the
        expiration of the latest Prepayment Charge as identified on the related
        Prepayment Charge Schedule or any Distribution Date thereafter, any remaining
        Available Distribution Amount with respect to Loan Group 1 distributed in
        respect of REMIC 1 Regular Interest P-R, until an amount equal to the initial
        Uncertificated Principal Balance of such REMIC 3 Regular Interest has been
        distributed pursuant to this clause; and

       

      (v) any
        remaining amount to the Holders of the Class R Certificates (in respect of
        the
        Class R-3 Interest).

       

      (2) On
        each
        Distribution Date, the following amounts with respect to Loan Group 2, in
        the
        following order of priority, shall be distributed by REMIC 3 to REMIC 4 on
        account of the REMIC 3 Group 2 Regular Interests or withdrawn from the
        Certificate Account and distributed to the Holders of the Class R-3 Certificates
        (in respect of the Class R-3 Interest), as the case may be:

       

      (i) from
        the
        Available Distribution Amount with respect to Loan Group 2, determined without
        regard to clause (ii)(2) of the definition thereof, to holders of REMIC 3
        Regular Interest 2-IO, in an amount equal to (A) the Uncertificated Accrued
        Interest for such REMIC 3 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 Available Distribution Amount with respect to Loan Group 2,
        determined without regard to clause (ii)(2) of the definition thereof, for
        such
        Distribution Date remaining after the distribution pursuant to clause (i),
        to
        holders of each REMIC 3 Group 2 Regular Interest (other than REMIC 3 Regular
        Interest 2-IO), pro
        rata,
        in an
        amount equal to (A) the Uncertificated Accrued Interest for such REMIC 3
        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 3 Regular Interests 2-ZZ
        and
        P-M shall be reduced when the REMIC 3 Group 2 Overcollateralized Amount is
        less
        than the REMIC 3 Group 2 Overcollateralization Target Amount, by the lesser
        of
        (x) the amount of such difference and (y) the Group 2 Maximum Uncertificated
        Accrued Interest Deferral Amount, and such amount will be payable to holders
        of
        each REMIC 3 Group 2 Regular Interest for which a Class 2-A, Class 2-M or
        Class
        2-B Certificate is the Corresponding Certificate in the same proportion as
        the
        Extra Principal Distribution Amount with respect to Loan Group 2 is allocated
        to
        the Corresponding Certificates for each such REMIC 3 Regular Interest, and
        the
        Uncertificated Principal Balance of REMIC 3 Regular Interest 2-ZZ shall be
        increased by such amount;

       

      (iii) to
        the
        extent of the Available Distribution Amount with respect to Loan Group 2,
        determined without regard to clause (ii)(2) of the definition thereof, for
        such
        Distribution Date remaining after the distributions pursuant to clauses (i)
        and
        (ii), to holders of REMIC 3 Group 2 Regular Interests (other than REMIC 3
        Regular Interests 2-IO and P-M), allocated as follows:

       

      (A) 98.00%
        of
        such remainder to holders of REMIC 3 Regular Interest 2-AA, until the
        Uncertificated Principal Balance of such REMIC 3 Regular Interest is reduced
        to
        zero; and

       

      (B) 2.00%
        of
        such remainder, first, to holders of each REMIC 3 Group 2 Regular Interest
        for
        which a Class 2-A, Class 2-M or Class 2-B 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 3 Regular Interest, until the Uncertificated Principal Balances of
        such
        REMIC 3 Regular Interests are reduced to zero; and second, to the holders
        of
        REMIC 3 Regular Interest 2-ZZ, until the Uncertificated Principal Balance
        of
        such REMIC 3 Regular Interest is reduced to zero; 

       

      (iv) to
        holders of REMIC 3 Regular Interest P-M, (A) all amounts representing Prepayment
        Charges in respect of the Mortgage Loans in Loan Group 2 distributed on REMIC
        2
        Regular Interest P-M, and (B) on the Distribution Date immediately following
        the
        expiration of the latest Prepayment Charge as identified on the related
        Prepayment Charge Schedule or any Distribution Date thereafter, any remaining
        Available Distribution Amount with respect to Loan Group 2 distributed in
        respect of REMIC 2 Regular Interest P-M, until an amount equal to the initial
        Uncertificated Principal Balance of such REMIC 3 Regular Interest has been
        distributed pursuant to this clause; and

       

      (v) any
        remaining amount to the Holders of the Class R Certificates (in respect of
        the
        Class R-3 Interest).

       

      (d) On
        each
        Distribution Date, interest shall be deemed payable from REMIC 4 to the holders
        of each REMIC 4 Regular Interest the ownership of which is represented by
        the
        Class A, Class M and Class B Certificates at a pass-through rate equal to
        the
        lesser of (i) the Pass-Through Rate for the Corresponding Certificate determined
        without regard to the related Net WAC Rate and (ii) the Net WAC Rate for
        the
        REMIC 4 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 4 Regular Interests the ownership of which
        is
        represented by the Class A, Class M and Class B Certificates as such amounts
        are
        payable and allocable to the Corresponding Certificates.

       

      (e) On
        each
        Distribution Date, a portion of the amounts distributed pursuant to Sections
        4.01(l)(i), (iv) and (vi) on such date shall be deemed distributed from REMIC
        4
        to Holders of the Class C-R Certificates in respect of the Class C-R
        Distribution Amount.

       

      (f) On
        each
        Distribution Date, an amount equal to the amounts distributed pursuant to
        Sections 4.01(m)(i), (iv) and (vi) on such date shall be deemed distributed
        from
        REMIC 4 to Holders of the Class C-M
        Certificates in respect of the Class C-M Distribution Amount.

       

      (g) On
        each
        Distribution Date, 100% of the amounts deemed distributed on REMIC 3 Regular
        Interest 1-IO shall be deemed distributed by REMIC 4 in respect of the Class
        1-IO Interest for deposit into the Group 1 Supplemental Interest
        Trust.

       

      (h) On
        each
        Distribution Date, 100% of the amounts deemed distributed on REMIC 3 Regular
        Interest 2-IO shall be deemed distributed by REMIC 4 in respect of the Class
        2-IO Interest for deposit into the Group 2 Supplemental Interest
        Trust.

       

      
        	Section
                4.05.  	
                Allocation
                  of Realized Losses.

              

      

       

      All
        Realized Losses on the Mortgage Loans shall be allocated by the Trustee on
        each
        Distribution Date as follows: first, to related Net Monthly Excess Cashflow,
        through a distribution of the related Extra Principal Distribution Amount
        for
        that Distribution Date; second, to the related Overcollateralized Amount
        by a
        reduction of the Certificate Principal Balance of the related Class C-R
        Certificates or Class C-M Certificates, until the Certificate Principal Balance
        thereof has been reduced to zero; third, if such Realized Loss is on a Group
        1
        Loan, first, to the Class 1-B Certificates, until the Certificate Principal
        Balance thereof has been reduced to zero; second, to the Class 1-M-8
        Certificates, until the Certificate Principal Balance thereof has been reduced
        to zero; third, to the Class 1-M-7 Certificates, until the Certificate Principal
        Balance thereof has been reduced to zero; fourth, to the Class 1-M-6
        Certificates, until the Certificate Principal Balance thereof has been reduced
        to zero; fifth, to the Class 1-M-5 Certificates, until the Certificate Principal
        Balance thereof has been reduced to zero; sixth, to the Class 1-M-4
        Certificates, until the Certificate Principal Balance thereof has been reduced
        to zero; seventh, to the Class 1-M-3 Certificates, until the Certificate
        Principal Balance thereof has been reduced to zero; eighth, to the Class
        1-M-2
        Certificates, until the Certificate Principal Balance thereof has been reduced
        to zero; and ninth to the Class 1-M-1 Certificates, until the Certificate
        Principal Balance thereof has been reduced to zero; thereafter, any Realized
        Losses on the Group 1 Loans will be allocated on any Distribution Date to
        the
        Class 1-A1-1, Class 1-A1-2, Class 1-A2-A, Class 1-A2-B and Class 1-A2-C
        Certificates, pro rata, based on the Certificate Principal Balances thereof,
        in
        each case, in reduction of the Certificate Principal Balances thereof, until
        reduced to zero; provided that any such Realized Losses otherwise allocable
        to
        the Class 1-A1-1 Certificates shall be first allocated to the Class 1-A1-2
        Certificates, until reduced to zero and if such Realized Loss is on a Group
        2
        Loan, first, to the Class 2-B Certificates, until the Certificate Principal
        Balance thereof has been reduced to zero; second, to the Class 2-M-3
        Certificates, until the Certificate Principal Balance thereof has been reduced
        to zero; third, to the Class 2-M-2 Certificates, until the Certificate Principal
        Balance thereof has been reduced to zero; fourth, to the Class 2-M-1
        Certificates, until the Certificate Principal Balance thereof has been reduced
        to zero, thereafter, any Realized Losses on the Group 2 Loans will be allocated
        on any Distribution Date to the Class 2-A-1 Certificates and Class 2-A-2
        Certificates, pro rata, based on the Certificate Principal Balances thereof,
        in
        each case, in reduction of the Certificate Principal Balances thereof, until
        reduced to zero; provided that any such Realized Losses otherwise allocable
        to
        the Class 2-A-1 Certificates shall be first allocated to the Class 2-A-2
        Certificates, until 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. 

       

      (a)  Any
        allocation of Realized Losses to an Offered 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 Net Monthly Excess
        Cashflow related to Loan Group 1 shall be made by reducing the amount otherwise
        payable in respect of the Class C-R Certificates pursuant to Section
        4.01(l)(vi), and any allocation of Realized Losses to Group 1 Overcollateralized
        Amount shall be made by reducing the Certificate Principal Balance of the
        Class
        C-R Certificates by the amount so allocated. Any allocation of Realized Losses
        to Net Monthly Excess Cashflow related to Loan Group 2 shall be made by reducing
        the amount otherwise payable in respect of the Class C-M Certificates pursuant
        to Section 4.01(m)(vi), and any allocation of Realized Losses to Group 2
        Overcollateralized Amount shall be made by reducing the Certificate Principal
        Balance of the Class C-M Certificates by the amount so allocated. No allocations
        of any Realized Losses shall be made to the Certificate Principal Balance
        of the
        Class P-R Certificates and Class P-M Certificates.

       

      (b)  All
        Realized Losses on the Mortgage Loans in Loan Group 1 shall be allocated
        on each
        Distribution Date, first, to REMIC 1 Regular Interest 1-Non-Swap, until the
        Uncertificated Principal Balance thereof has been reduced to zero, and second,
        to REMIC 1 Regular Interest I-1-A through REMIC 1 Regular Interest 1-60-B,
        starting with the lowest numerical denomination, until the Uncertificated
        Principal Balance of each 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, and third, to REMIC 1 Regular Interest P-R
        until
        the Uncertificated Principal Balance thereof has been reduced to
        zero.

       

      (c)  All
        Realized Losses on the Mortgage Loans in Loan Group 2 shall be allocated
        on each
        Distribution Date, first, to REMIC 2 Regular Interest 2-Non-Swap, until the
        Uncertificated Principal Balance thereof has been reduced to zero, and second,
        to REMIC 2 Regular Interest 2-1-A through REMIC 1 Regular Interest 2-119-B,
        starting with the lowest numerical denomination, until the Uncertificated
        Principal Balance of each such REMIC 1 Regular Interest has been reduced
        to
        zero, provided that, for REMIC 2 Regular Interests with the same numerical
        denomination, such Realized Losses shall be allocated pro
        rata
        between
        such REMIC 2 Regular Interests, and third, to REMIC 2 Regular Interest P-M
        until
        the Uncertificated Principal Balance thereof has been reduced to
        zero.

       

      (d)  (1)All
        Realized Losses on the Mortgage Loans in Loan Group 1 shall be allocated
        by the
        Trustee on each Distribution Date to the following REMIC 3 Group 1 Regular
        Interests in the specified percentages, as follows: first, to Uncertificated
        Accrued Interest payable to the REMIC 3 Regular Interest 1-AA and REMIC 3
        Regular Interest 1-ZZ up to an aggregate amount equal to the REMIC 3 Group
        1
        Interest Loss Allocation Amount (without duplication of shortfalls allocated
        pursuant to Section 1.03), 98.00% and 2.00%, respectively, and to the extent
        of
        any amount equal to the REMIC 3 Group 1 Interest Loss Allocation Amount
        remaining after the foregoing allocations to REMIC 3 Regular Interests 1-AA
        and
        1-ZZ, to Uncertificated Accrued Interest payable to REMIC 3 Regular Interest
        P-R
        to the extent of such remaining amount; second, to the Uncertificated Principal
        Balances of the REMIC 3 Regular Interest 1-AA and REMIC 3 Regular Interest
        1-ZZ
        up to an aggregate amount equal to the REMIC 3 Group 1 Principal Loss Allocation
        Amount, 98.00% and 2.00%, respectively; third, to the Uncertificated Principal
        Balances of REMIC 3 Regular Interest 1-AA, REMIC 3 Regular Interest 1-B and
        REMIC 3 Regular Interest 1-ZZ, 98.00%, 1.00% and 1.00%, respectively, until
        the
        Uncertificated Principal Balance of REMIC 3 Regular Interest 1-B has been
        reduced to zero; fourth, to the Uncertificated Principal Balances of REMIC
        3
        Regular Interest 1-AA, REMIC 3 Regular Interest 1-M-8 and REMIC 3 Regular
        Interest 1-ZZ, 98.00%, 1.00% and 1.00%, respectively, until the Uncertificated
        Principal Balance of REMIC 3 Regular Interest 1-M-8 has been reduced to zero;
        fifth, to the Uncertificated Principal Balances of REMIC 3 Regular Interest
        1-AA, REMIC 3 Regular Interest 1-M-7 and REMIC 3 Regular Interest 1-ZZ, 98.00%,
        1.00% and 1.00%, respectively, until the Uncertificated Principal Balance
        of
        REMIC 3 Regular Interest 1-M-7 has been reduced to zero; sixth, to the
        Uncertificated Principal Balances of REMIC 3 Regular Interest 1-AA, REMIC
        3
        Regular Interest 1-M-6 and REMIC 3 Regular Interest 1-ZZ, 98.00%, 1.00% and
        1.00%, respectively, until the Uncertificated Principal Balance of REMIC
        3
        Regular Interest 1-M-6 has been reduced to zero; seventh, to the Uncertificated
        Principal Balances of REMIC 3 Regular Interest 1-AA, REMIC 3 Regular Interest
        1-M-5 and REMIC 3 Regular Interest 1-ZZ, 98.00%, 1.00% and 1.00%, respectively,
        until the Uncertificated Principal Balance of REMIC 3 Regular Interest 1-M-5
        has
        been reduced to zero; eighth, to the Uncertificated Principal Balances of
        REMIC
        3 Regular Interest 1-AA, REMIC 3 Regular Interest 1-M-4 and REMIC 3 Regular
        Interest 1-ZZ, 98.00%, 1.00% and 1.00%, respectively, until the Uncertificated
        Principal Balance of REMIC 3 Regular Interest 1-M-4 has been reduced to zero;
        ninth, to the Uncertificated Principal Balances of REMIC 3 Regular Interest
        1-AA, REMIC 3 Regular Interest 1-M-3 and REMIC 3 Regular Interest 1-ZZ, 98.00%,
        1.00% and 1.00%, respectively, until the Uncertificated Principal Balance
        of
        REMIC 3 Regular Interest 1-M-3 has been reduced to zero; tenth, to the
        Uncertificated Principal Balances of REMIC 3 Regular Interest 1-AA, REMIC
        3
        Regular Interest 1-M-2 and REMIC 3 Regular Interest 1-ZZ, 98.00%, 1.00% and
        1.00%, respectively, until the Uncertificated Principal Balance of REMIC
        3
        Regular Interest 1-M-2 has been reduced to zero; eleventh, to the Uncertificated
        Principal Balance of REMIC 3 Regular Interest 1-M-1 and REMIC 3 Regular Interest
        1-ZZ, 98.00%, 1.00% and 1.00%, respectively, until the Uncertificated Principal
        Balance of REMIC 3 Regular Interest 1-M-1 has been reduced to zero; and twelfth,
        REMIC 3 Regular Interest 1-AA, 98.00%, to the Uncertificated Principal Balances
        of REMIC 3 Regular Interests 1-A1-1, 1-A1-2, 1-A2-A, 1-A2-B and 1-A2-C, 1.00%
        pro
        rata,
        and to
        the Uncertificated Principal Balance of REMIC 3 Regular Interest 1-ZZ, 1.00%,
        until the Uncertificated Principal Balances of such REMIC 3 Regular Interests
        1-A1-1, 1-A1-2, 1-A2-A, 1-A2-B and 1-A2-C have been reduced to zero, provided
        that any such Realized Losses otherwise allocable to REMIC 3 Regular Interest
        1-A1-1 shall be first allocated to REMIC 3 Regular Interest 1-A1-2, until
        the
        Uncertificated Principal Balance thereof has been reduced to zero.

       

      (2) All
        Realized Losses on the Mortgage Loans in Loan Group 2 shall be allocated
        by the
        Trustee on each Distribution Date to the following REMIC 3 Group 2 Regular
        Interests in the specified percentages, as follows: first, to Uncertificated
        Accrued Interest payable to the REMIC 3 Regular Interest 2-AA and REMIC 3
        Regular Interest 2-ZZ up to an aggregate amount equal to the REMIC 3 Group
        2
        Interest Loss Allocation Amount (without duplication of shortfalls allocated
        pursuant to Section 1.03), 98.00% and 2.00%, respectively, and to the extent
        of
        any amount equal to the REMIC 3 Group 2 Interest Loss Allocation Amount
        remaining after the foregoing allocations to REMIC 3 Regular Interests 2-AA
        and
        2-ZZ, to Uncertificated Accrued Interest payable to REMIC 3 Regular Interest
        P-M
        to the extent of such remaining amount; second, to the Uncertificated Principal
        Balances of REMIC 3 Regular Interest 2-AA and REMIC 3 Regular Interest 2-ZZ
        up
        to an aggregate amount equal to the REMIC 3 Group 2 Principal Loss Allocation
        Amount, 98.00% and 2.00%, respectively; third, to the Uncertificated Principal
        Balances of REMIC 3 Regular Interest 2-AA, REMIC 3 Regular Interest 2-B and
        REMIC 3 Regular Interest 2-ZZ, 98.00%, 1.00% and 1.00%, respectively, until
        the
        Uncertificated Principal Balance of REMIC 3 Regular Interest 2-B has been
        reduced to zero; fourth, to the Uncertificated Principal Balances of REMIC
        3
        Regular Interest 2-AA, REMIC 3 Regular Interest 2-M-3 and REMIC 3 Regular
        Interest 2-ZZ, 98.00%, 1.00% and 1.00%, respectively, until the Uncertificated
        Principal Balance of REMIC 3 Regular Interest 2-M-3 has been reduced to zero;
        fifth, to the Uncertificated Principal Balances of REMIC 3 Regular Interest
        2-AA, REMIC 3 Regular Interest 2-M-2 and REMIC 3 Regular Interest 2-ZZ, 98.00%,
        1.00% and 1.00%, respectively, until the Uncertificated Principal Balance
        of
        REMIC 3 Regular Interest 2-M-2 has been reduced to zero; sixth, to the
        Uncertificated Principal Balance of REMIC 3 Regular Interest 2-M-1 and REMIC
        3
        Regular Interest 2-ZZ, 98.00%, 1.00% and 1.00%, respectively, until the
        Uncertificated Principal Balance of REMIC 3 Regular Interest 2-M-1 has been
        reduced to zero; and seventh, REMIC 3 Regular Interest 2-AA, 98.00%, to the
        Uncertificated Principal Balances of REMIC 3 Regular Interests 2-A-1 and
        2-A-2,
        1.00% pro
        rata,
        and to
        the Uncertificated Principal Balance of REMIC 3 Regular Interest 2-ZZ, 1.00%,
        until the Uncertificated Principal Balances of such REMIC 3 Regular Interests
        2-A-1 and 2-A-2 have been reduced to zero, provided that any such Realized
        Losses otherwise allocable to REMIC 3 Regular Interest 2-A-1 shall be first
        allocated to REMIC 3 Regular Interest 2-A-2, until the Uncertificated Principal
        Balance thereof has been reduced to zero.

       

      
        	Section
                4.06.  	
                Information
                  Reports to Be Filed by the Master
                  Servicer.

              

      

       

      The
        Master Servicer or the Sub-Servicers shall file information reports with
        respect
        to the receipt of mortgage interest received in a trade or business,
        foreclosures and abandonments of any Mortgaged Property and the information
        returns relating to cancellation of indebtedness income with respect to any
        Mortgaged Property required by Sections 6050H, 6050J and 6050P of the Code,
        respectively, and deliver to the Trustee an Officers’ Certificate stating that
        such reports have been filed. Such reports shall be in form and substance
        sufficient to meet the reporting requirements imposed by such Sections 6050H,
        6050J and 6050P of the Code.

       

      
        	Section
                4.07.  	
                Compliance
                  with Withholding Requirements.

              

      

       

      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 on the Mortgage Loans, 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 withholds
        any
        amount from interest or original issue discount payments or advances thereof
        to
        any Certificateholder pursuant to federal withholding requirements, the Trustee
        shall, together with its monthly report to such Certificateholders pursuant
        to
        Section 4.02 hereof, indicate such amount withheld.

       

      
        	Section
                4.08.  	
                Net
                  WAC Shortfall Reserve Funds.

              

      

       

      (a)  On
        the
        Closing Date, the Trustee shall establish and maintain in its name, in trust
        for
        the benefit of Class 1-A, Class 1-M and Class 1-B Certificates, the Group
        1 Net
        WAC Shortfall Reserve Fund. In addition, on the Closing Date, the Depositor
        shall deposit into the Net Group 1 WAC Shortfall Reserve Fund an amount equal
        to
        the Group 1 Net WAC Shortfall Reserve Fund Deposit. On each Distribution
        Date as
        to which there is a Net WAC Shortfall Amount with respect to Loan Group 1
        payable to any Class of Class 1-A, Class 1-M and Class 1-B Certificates,
        the
        Trustee shall deposit the amounts distributable pursuant to clause (iv) of
        Section 4.01(l) into the Group 1 Net WAC Shortfall Reserve Fund, and the
        Trustee
        has been directed by the Holders of the Class C-R Certificates to distribute
        amounts then on deposit in the Group 1 Net WAC Shortfall Reserve Fund to
        the
        Holders of the related Class 1-A, Class 1-M and Class 1-B Certificates in
        respect of the related Net WAC Shortfall Amounts in the priorities set forth
        in
        clause (iv) of Section 4.01(l). Any amount paid to the Holders of any Class
        1-A,
        Class 1-M and Class 1-B Certificates pursuant to the preceding sentence in
        respect of Net WAC Shortfall Amounts from amounts distributable pursuant
        to
        clause (iv) of Section 4.01(l) shall be treated as distributed to the Holders
        of
        the Class C-R Certificates and paid by such Holders to the Holders of such
        Class
        1-A, Class 1-M and Class 1-B Certificates. Any payments to the Holders of
        the
        Class 1-A, Class 1-M and Class 1-B Certificates in respect of Net WAC Shortfall
        Amounts pursuant to the second preceding sentence shall not be payments with
        respect to a Regular Interest in a REMIC within the meaning of Code Section
        860G(a)(1).

       

      (b)  On
        the
        Closing Date, the Trustee shall establish and maintain in its name, in trust
        for
        the benefit of Class 2-A, Class 2-M and Class 2-B Certificates, the Group
        2 Net
        WAC Shortfall Reserve Fund. In addition, on the Closing Date, the Depositor
        shall deposit into the Net Group 2 WAC Shortfall Reserve Fund an amount equal
        to
        the Group 2 Net WAC Shortfall Reserve Fund Deposit. On each Distribution
        Date as
        to which there is a Net WAC Shortfall Amount with respect to Loan Group 2
        payable to any Class of Class 2-A, Class 2-M and Class 2-B Certificates,
        the
        Trustee shall deposit the amounts distributable pursuant to clause (iv) of
        Section 4.01(m) into the Group 2 Net WAC Shortfall Reserve Fund, and the
        Trustee
        has been directed by the Holders of the Class C-M Certificates to distribute
        amounts then on deposit in the Group 2 Net WAC Shortfall Reserve Fund to
        the
        Holders of the related Class 2-A, Class 2-M and Class 2-B Certificates in
        respect of the related Net WAC Shortfall Amounts in the priorities set forth
        in
        clause (iv) of Section 4.01(m). Any amount paid to the Holders of any Class
        2-A,
        Class 2-M and Class 2-B Certificates pursuant to the preceding sentence in
        respect of Net WAC Shortfall Amounts from amounts distributable pursuant
        to
        clause (iv) of Section 4.01(m) shall be treated as distributed to the Holders
        of
        the Class C-M Certificates and paid by such Holders to the Holders of such
        Class
        2-A, Class 2-M and Class 2-B Certificates. Any payments to the Holders of
        the
        Class 2-A, Class 2-M and Class 2-B Certificates in respect of Net WAC Shortfall
        Amounts pursuant to the second preceding sentence shall not be payments with
        respect to a Regular Interest in a REMIC within the meaning of Code Section
        860G(a)(1).

       

      (c)  Each
        of
        the Net WAC Shortfall Reserve Funds 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 Net WAC Shortfall Reserve Funds. The Holders
        of the Class C-R Certificates shall be the beneficial owners of the Group
        1 Net
        WAC Shortfall Reserve Fund, subject to the power of the Trustee to transfer
        amounts under Section 4.01. The Holders of the Class C-M Certificates shall
        be
        the beneficial owners of the Group 2 Net WAC Shortfall Reserve Fund, subject
        to
        the power of the Trustee to transfer amounts under Section 4.01. Amounts
        in each
        Net WAC Shortfall Reserve Fund shall, at the written direction of the Holders
        of
        the Class C-R Certificates or the Class C-M Certificates, as applicable,
        be
        invested in Permitted Investments that mature no later than the Business
        Day
        prior to the next succeeding Distribution Date. In the absence of such written
        direction, all funds in the related Net WAC Shortfall Reserve Fund shall
        remain
        uninvested. All net income and gain from such investments shall be distributed
        to the Holders of the Class C-R Certificates or the Class C-M Certificates,
        as
        applicable, not as a distribution in respect of any interest in any REMIC,
        on
        each such Distribution Date. All amounts earned on amounts on deposit in
        any Net
        WAC Shortfall Reserve Fund shall be taxable to the Holders of the related
        Class
        C-R Certificates or Class C-M Certificates, as applicable. Any losses on
        such
        investments shall be deposited in the related Net WAC Shortfall Reserve Fund
        by
        the Holders of the Class C-R Certificates or Class C-M Certificates, as
        applicable, out of their own funds immediately as realized.

       

      
        	Section
                4.09.  	
                Supplemental
                  Interest Trusts.

              

      

       

      (i)  As
        of the
        Closing Date, the Trustee shall establish and maintain in the name of the
        Trustee, the Group 1 Supplemental Interest Trust for the benefit of the Group
        1
        Swap Provider and the Holders of the Class 1-A, Class 1-M and Class 1-B
        Certificates, and the Trustee shall establish and maintain in the name of
        the
        Trustee, the Group 2 Supplemental Interest Trust for the benefit of the Group
        2
        Swap Provider and the Holders of the Class 2-A, Class 2-M and Class 2-B
        Certificates. The Group 1 Supplemental Interest Trust shall hold the Group
        1
        Interest Rate Swap Agreement, the Class 1-IO Interest and the Group 1 Swap
        Account, and the Group 2 Supplemental Interest Trust shall hold the Group
        2
        Interest Rate Swap Agreement, the Class 2-IO Interest and the Group 2 Swap
        Account. The Trustee shall establish two Eligible Accounts (the “Group 1 Swap
        Account” and the “Group 2 Swap Account”, and collectively, the “Swap Accounts”)
        into each of which the Depositor shall deposit $1,000 on the Closing Date.
        Funds
        on deposit in the Swap Accounts shall be held separate and apart from, and
        shall
        not be commingled with, any other moneys, including, without limitation,
        other
        moneys of the Trustee or held pursuant to this Agreement.

       

      (ii)  On
        each
        Distribution Date, the Trustee shall deposit into the Group 1 Swap Account
        amounts distributable to the Group 1 Supplemental Interest Trust with respect
        to
        the Group 1 Interest Rate Swap Agreement pursuant to Sections 4.01(a) (fourth
        paragraph) and 4.01(l)(v) of this Agreement, and the Trustee shall deposit
        into
        the Group 2 Swap Account amounts distributable to the Group 2 Supplemental
        Interest Trust with respect to the Group 2 Interest Rate Swap Agreement pursuant
        to Sections 4.01(a) (fourth paragraph) and 4.01(m)(v) of this Agreement.
        In
        addition, the Trustee shall deposit into each Swap Account for payment to
        the
        related Swap Provider any Swap Optional Termination Payment with respect
        to any
        Interest Rate Swap Agreement paid as part of the repurchase price payable
        under
        Section 9.01(a)(i) in connection with the optional repurchase of Mortgage
        Loans
        in the related Loan Group. On each Distribution Date, the Trustee shall
        distribute any such amounts described in the two preceding sentences to the
        related Swap Provider pursuant to the related Interest Rate Swap Agreement,
        first to pay any related Net Swap Payment owed to such Swap Provider for
        such
        Distribution Date or remaining unpaid from prior Distribution Dates, and
        second
        to pay any related Swap Termination Payment owed to such Swap Provider for
        such
        Distribution Date or remaining unpaid from prior Distribution Dates.

       

      (iii)  On
        each
        Distribution Date, the Trustee shall deposit into the Group 1 Swap Account
        amounts received by the Group 1 Supplemental Interest Trust under the Group
        1
        Interest Rate Swap Agreement from the Group 1 Swap Provider. On each
        Distribution Date, the Trustee shall, and the Trustee has been directed by
        the
        Holders of the Class C-R Certificates to, distribute from the Group 1 Swap
        Account an amount equal to the amount of any related Net Swap Payment or
        Swap
        Termination Payment received from the Group 1 Swap Provider under the Group
        1
        Interest Rate Swap Agreement, in the following order of priority:

       

      (a)  first,
        an
        amount equal to the aggregate amount required under Section 4.01(n) to be
        distributed on such Distribution Date, to the related Class 1-A, Class 1-M
        and
        Class 1-B Certificateholders in accordance with Section 4.01(n) of this
        Agreement, and 

       

      (b)  second,
        any
        remainder, to the holder of the Class C-R Certificates.

       

      (iv)  On
        each
        Distribution Date, the Trustee shall deposit into the Group 2 Swap Account
        amounts received by the Group 2 Supplemental Interest Trust under the Group
        2
        Interest Rate Swap Agreement from the Group 2 Swap Provider. On each
        Distribution Date, the Trustee shall, and the Trustee has been directed by
        the
        Holders of the Class C-M Certificates to, distribute from the Group 2 Swap
        Account an amount equal to the amount of any related Net Swap Payment received
        from the Group 2 Swap Provider under the Group 2 Interest Rate Swap Agreement,
        in the following order of priority:

       

      (a)  first,
        an
        amount equal to the aggregate amount required under Section 4.01(o) to be
        distributed on such Distribution Date, to the related Class 2-A, Class 2-M
        and
        Class 2-B Certificateholders in accordance with Section 4.01(o) of this
        Agreement, and 

       

      (b)  second,
        any
        remainder, to the holder of the Class C-M Certificates.

       

      (v)  Each
        of
        the Supplemental Interest Trusts constitutes an “outside reserve fund” within
        the meaning of Treasury Regulation Section 1.860G-2(h) and shall not be an
        asset
        of any REMIC. The Holders of the Class C-R Certificates shall be the beneficial
        owner of the Group 1 Supplemental Interest Trust, and the Holders of the
        Class
        C-M Certificates shall be the beneficial owner of the Group 2 Supplemental
        Interest Trust, in each case subject to the power of the Trustee to transfer
        amounts under this Agreement. The Trustee shall keep records that accurately
        reflect the funds on deposit in the Swap Accounts. The Trustee shall, at
        the
        written direction of the Holders of the Class C-R Certificates or the Class
        C-M
        Certificates, as applicable, invest amounts on deposit in the related
        Supplemental Interest Trust in Permitted Investments that mature no later
        than
        the Business Day prior to the next succeeding Distribution Date. In the absence
        of such written direction, all funds in the related Supplemental Interest
        Trust
        shall remain uninvested. On each Distribution Date, the Trustee shall
        distribute, not as a distribution in respect of any interest in any REMIC,
        any
        income or gain earned on the invested assets in any Supplemental Interest
        Trust
        to the Holders of the related Class C-R Certificates or Class C-M Certificates,
        as applicable. All amounts earned on amounts on deposit in any Supplemental
        Interest Trust shall be taxable to the Holders of the related Class C-R
        Certificates or Class C-M Certificates, as applicable. Any losses on such
        investments shall be deposited in the related Supplemental Interest Trust
        by the
        Holders of the related Class C-R Certificates or Class C-M Certificates,
        as
        applicable, out of their own funds immediately as realized. 

       

      (vi)  For
        federal income tax purposes, amounts paid to the Group 1 Supplemental Interest
        Trust on each Distribution Date pursuant to Sections 4.01(a) (fourth
        paragraph,
        except
        for the fourth sentence thereof)
        and
        4.01(l)(v), in each case for payment to the Group 1 Swap Provider with respect
        to the Group 1 Interest Rate Swap Agreement shall first be deemed to be paid
        to
        the Group 1 Supplemental Interest Trust in respect of the Class 1-IO Interest
        to
        the extent of the amount distributable on such Class 1-IO Interest on such
        Distribution Date, and shall then be deemed to be paid to the Group 1
        Supplemental Interest Trust in respect of a Group 1 Class IO Distribution
        Amount
        as described below. For federal income tax purposes, amounts paid to the
        Group 2
        Supplemental Interest Trust on each Distribution Date pursuant to Sections
        4.01(a) (fourth paragraph, except for the fourth sentence thereof) and
        4.01(m)(v), in each case for payment to the Group 2 Swap Provider with respect
        to the Group 2 Interest Rate Swap Agreement shall first be deemed to be paid
        to
        the Group 2 Supplemental Interest Trust in respect of the Class 2-IO Interest
        to
        the extent of the amount distributable on such Class 2-IO Interest on such
        Distribution Date, and shall then be deemed to be paid to the Group 2
        Supplemental Interest Trust in respect of a Group 2 Class IO Distribution
        Amount
        as described below.

       

      (vii)  (A)The
        Trustee shall treat the Holders of the Class 1-A, Class 1-M and Class 1-B
        Certificates as having entered into a notional principal contract with respect
        to the Holders of the Class C-R Certificates. Pursuant to each such notional
        principal contract, all Holders of the Class 1-A, Class 1-M and Class 1-B
        Certificates shall be treated as having agreed to pay, on each Distribution
        Date, to the Holder of the Class C-R Certificates an aggregate amount equal
        to
        the excess, if any, of (i) the amount payable on such Distribution Date on
        the
        REMIC 4 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 1 Class IO Distribution Amount”). A Group 1 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 4 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 WAC Rate, and a
        Group 1
        Class IO Distribution Amount payable from principal collections shall be
        allocated to the most subordinate Class of the Class 1-A, Class 1-M, Class
        1-B
        and Class C-R 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-R Certificates shall be treated as having agreed to
        pay
        Net WAC Shortfall Amounts with respect to Loan Group 1 to the Holders of
        the
        Class 1-A, Class 1-M and Class 1-B Certificates from amounts received by
        the
        Group 1 Supplemental Interest Trust pursuant to the Group 1 Interest Rate
        Swap
        Agreement in accordance with the terms of this Agreement. Any payments deemed
        to
        be received by Holders of the Class 1-A, Class 1-M, Class 1-B and Class C-R
        Certificates pursuant this notional principal contract shall not be payments
        with respect to a Regular Interest in a REMIC within the meaning of Section
        860G(a)(1) of the Code. However, any payment from the Class 1-A, Class 1-M
        and
        Class 1-B Certificates of a Group 1 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 4 and as having been
        paid by
        such Holders to the Group 1 Supplemental Interest Trust pursuant to the notional
        principal contract. Thus, each Class 1-A, Class 1-M, Class 1-B and Class
        C-R
        Certificate shall be treated as representing not only ownership of a Regular
        Interest in REMIC 4, but also ownership of an interest in, and obligations
        with
        respect to, a notional principal contract.

       

      (B) The
        Trustee shall treat the Holders of the Class 2-A, Class 2-M and Class 2-B
        Certificates as having entered into a notional principal contract with respect
        to the Holders of the Class C-M Certificates. Pursuant to each such notional
        principal contract, all Holders of the Class 2-A, Class 2-M and Class 2-B
        Certificates shall be treated as having agreed to pay, on each Distribution
        Date, to the Holder of the Class C-M Certificates an aggregate amount equal
        to
        the excess, if any, of (i) the amount payable on such Distribution Date on
        the
        REMIC 4 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 2 Class IO Distribution Amount”). A Group 2 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 4 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 WAC Rate, and a
        Group 2
        Class IO Distribution Amount payable from principal collections shall be
        allocated to the most subordinate Class of the Class 2-A, Class 2-M, Class
        2-B
        and Class C-M 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-M Certificates shall be treated as having agreed to
        pay
        Net WAC Shortfall Amounts with respect to Loan Group 2 to the Holders of
        the
        Class 2-A, Class 2-M and Class 2-B Certificates from amounts received by
        the
        Group 2 Supplemental Interest Trust pursuant to the Group 2 Interest Rate
        Swap
        Agreement in accordance with the terms of this Agreement. Any payments deemed
        to
        be received by the Holders of the Class 2-A, Class 2-M, Class 2-B and Class
        C-M
        Certificates pursuant to this notional principal contract shall not be payments
        with respect to a Regular Interest in a REMIC within the meaning of Section
        860G(a)(1) of the Code. However, any payment from the Class 2-A, Class 2-M
        and
        Class 2-B Certificates of a Group 2 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 4 and as having been
        paid by
        such Holders to the Group 2 Supplemental Interest Trust pursuant to the notional
        principal contract. Thus, each Class 2-A, Class 2-M, Class 2-B and Class
        C-M
        Certificate shall be treated as representing not only ownership of a Regular
        Interest in REMIC 4, but also ownership of an interest in, and obligations
        with
        respect to, a notional principal contract.

       

      (viii)  In
        the
        event that the Group 1 Interest Rate Swap Agreement or Group 2 Interest Rate
        Swap Agreement is terminated prior to the Distribution Date in June 2011
        or May
        2016, respectively, the Trustee, at the written direction of the Depositor
        or
        the Master Servicer, shall use reasonable efforts to appoint a successor
        swap
        provider with respect to the related Interest Rate Swap Agreement using any
        related Swap Termination Payments paid by the related Swap Provider, if any.
        If
        the Trustee is unable to locate a qualified successor swap provider, any
        such
        Swap Termination Payments will be remitted to the Trustee for payment to
        the
        holders of the related Offered Certificates of amounts described in clauses
        (iii) and (iv), as applicable, above.

       

      Section
        4.10.  Tax
        Treatment of Class IO Distribution Amounts in the Event of Resecuritization
        of
        Class 1-A, Class 1-M or Class 1-B Certificates.

       

      In
        the
        event that any Class A, Class M or Class B Certificate is resecuritized in
        a
        REMIC (the “Resecuritization REMIC”), for federal income tax purposes, (i)
        payments on the REMIC 4 Regular Interest corresponding to such Class A, Class
        M
        or Class B 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
        C-R
        Certificates or Class C-M Certificates, as applicable, 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 C-R Certificates or Class C-M Certificates,
        as
        applicable,. 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 4.09(ii)
        hereof.

       

      ARTICLE
        V

       

      THE
        CERTIFICATES

       

      
        	Section
                5.01.  	
                The
                  Certificates.

              

      

       

      (a)  The
        Certificates will be substantially in the respective forms annexed hereto
        as
        Exhibits A and B-1 through B-4. The Certificates will be issuable in registered
        form only. The Certificates (other than the Class P, Class C and Class R
        Certificates) will be issued in minimum denominations of $25,000 Initial
        Certificate Principal Balance and integral multiples of $1 in excess thereof.
        The Class C Certificates will be issued in minimum denominations of $1.00
        Initial Notional Amount and integral multiples of $1.00 in excess thereof.
        The
        Class P Certificates and the Class R Certificates will each be issuable in
        minimum denominations of any Percentage Interest representing 10.00% and
        multiples of 0.01% in excess thereof.

       

      Upon
        original issue, the Certificates shall, upon the written request of the
        Depositor executed by an officer of the Depositor, be executed and delivered
        by
        the Trustee, authenticated by the Trustee and delivered to or upon the order
        of
        the Depositor upon receipt by the Trustee of the documents specified in Section
        2.01. The Certificates shall be executed by manual or facsimile signature
        on
        behalf of the Trustee in its capacity as trustee hereunder by a Responsible
        Officer. Certificates bearing the manual or facsimile signatures of individuals
        who were at the time they signed the proper officers of the Trustee shall
        bind
        the Trustee, notwithstanding that such individuals or any of them have ceased
        to
        hold such offices prior to the authentication and delivery of such Certificates
        or did not hold such offices at the date of such Certificates. No Certificate
        shall be entitled to any benefit under this Agreement, or be valid for any
        purpose, unless there appears on such Certificate a certificate of
        authentication substantially in the form provided for herein executed by
        the
        Trustee by manual signature, and such certificate upon any Certificate shall
        be
        conclusive evidence, and the only evidence, that such Certificate has been
        duly
        authenticated and delivered hereunder. All Certificates issued on the Closing
        Date shall be dated the Closing Date and any Certificates delivered thereafter
        shall be dated the date of their authentication.

       

      (b)  The
        Class
        A Certificates and the Subordinate Certificates shall initially be issued
        as one
        or more Certificates registered in the name of the Depository or its nominee
        and, except as provided below, registration of such Certificates may not
        be
        transferred by the Trustee except to another Depository that agrees to hold
        such
        Certificates for the respective Certificate Owners with Ownership Interests
        therein. The Certificate Owners shall hold their respective Ownership Interests
        in and to each of such Book-Entry Certificates through the book-entry facilities
        of the Depository and, except as provided below, shall not be entitled to
        Definitive Certificates in respect of such Ownership Interests. All transfers
        by
        Certificate Owners of their respective Ownership Interests in the Book-Entry
        Certificates shall be made in accordance with the procedures established
        by the
        Depository Participant or brokerage firm representing such Certificate Owner.
        Each Depository Participant shall transfer the Ownership Interests only in
        the
        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. The Trustee shall not be required to monitor, determine or inquire
        as to compliance with the transfer restrictions with respect to the Book-Entry
        Certificates, and the Trustee shall have no liability for transfers of Ownership
        Interests in the Book Entry Certificates made through the book-entry facilities
        of the Depositary or between or among Depositary Participants or Certificate
        Owners, made in violation of the applicable restrictions.

       

      The
        Trustee, the Master Servicer and the Depositor may for all purposes (including
        the making of payments due on the respective Classes of Book-Entry Certificates)
        deal with the Depository as the authorized representative of the Certificate
        Owners with respect to the respective Classes of Book-Entry Certificates
        for the
        purposes of exercising the rights of Certificateholders hereunder. The rights
        of
        Certificate Owners with respect to the respective Classes of Book-Entry
        Certificates shall be limited to those established by law and agreements
        between
        such Certificate Owners and the Depository Participants and brokerage firms
        representing such Certificate Owners. Multiple requests and directions from,
        and
        votes of, the Depository as Holder of any Class of Book-Entry Certificates
        with
        respect to any particular matter shall not be deemed inconsistent if they
        are
        made with respect to different Certificate Owners. The Trustee may establish
        a
        reasonable record date in connection with solicitations of consents from
        or
        voting by Certificateholders and shall give notice to the Depository of such
        record date.

       

      If
        (i)(A)
        the Depositor advises the Trustee in writing that the Depository is no longer
        willing or able to properly discharge its responsibilities as Depository
        and (B)
        the Depositor is unable to locate a qualified successor or (ii) the Depositor
        at
        its option advises the Trustee in writing that it elects to terminate the
        book-entry system through the Depository, the Trustee shall notify all
        Certificate Owners, through the Depository, of the occurrence of any such
        event
        and of the availability of Definitive Certificates to Certificate Owners
        requesting the same. Upon surrender to the Trustee of the Book-Entry
        Certificates by the Depository, accompanied by registration instructions
        from
        the Depository for registration of transfer, the Trustee shall, at the expense
        of the Depositor, issue the Definitive Certificates. Neither the Depositor,
        the
        Master Servicer nor the Trustee shall be liable for any actions taken by
        the
        Depository or its nominee, including, without limitation, 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 and the Master Servicer shall recognize the Holders of the Definitive
        Certificates as Certificateholders hereunder.

       

      (c)  Each
        Certificate is intended to be a “security” governed by Article 8 of the Uniform
        Commercial Code as in effect in the State of New York and any other applicable
        jurisdiction, to the extent that any of such laws may be
        applicable.

       

      
        	Section
                5.02.  	
                Registration
                  of Transfer and Exchange of
                  Certificates.

              

      

       

      (a)  The
        Trustee shall maintain a Certificate Register in which, subject 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.

       

      (b)  Except
        as
        provided in Section 5.02(c), no transfer, sale, pledge or other disposition
        of a
        Class P, Class C or Class R Certificate shall be made unless such transfer,
        sale, pledge or other disposition is exempt from the registration requirements
        of the Securities Act of 1933, as amended (the “Act”), and any applicable state
        securities laws or is made in accordance with said Act and laws. In the event
        that a transfer of a Class P, Class C or Class R Certificate is to be made
        under
        this Section 5.02(b), (i) the Trustee shall require an Opinion of Counsel
        acceptable to and in form and substance satisfactory to the Trustee that
        such
        transfer shall be made pursuant to an exemption, describing the applicable
        exemption and the basis therefor, from said Act and laws or is being made
        pursuant to said Act and laws, which Opinion of Counsel shall not be an expense
        of the Trustee, the Depositor or the Master Servicer, provided that such
        Opinion
        of Counsel will not be required in connection with the initial transfer of
        any
        such Certificate by the Depositor or any affiliate thereof, to a non-affiliate
        of the Depositor and (ii) the Trustee shall require the transferee to execute
        a
        representation letter, substantially in the form of Exhibit G-1 hereto, and
        the
        Trustee shall require the transferor to execute a representation letter,
        substantially in the form of Exhibit G-2 hereto, each acceptable to and in
        form
        and substance satisfactory to the Trustee certifying to the Depositor and
        the
        Trustee the facts surrounding such transfer, which representation letters
        shall
        not be an expense of the Trustee, the Depositor or the Master Servicer;
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 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.
        Any
        such Certificateholder desiring to effect such transfer shall, and does hereby
        agree to, indemnify the Trustee, the Depositor 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 applicable federal and state laws.

       

      (c)  Notwithstanding
        the requirements of Section 5.02(b), transfers of Class
        P-R, Class P-M, Class C-R, Class C-M and Class R
        Certificates may be made in accordance with this Section 5.02(c) if the
        prospective transferee of a Certificate provides the Trustee and the Depositor
        with an investment letter substantially in the form of Exhibit G-3 attached
        hereto, which investment letter shall not be an expense of the Trustee, the
        Depositor or the Master Servicer, and which investment letter states that,
        among
        other things, such transferee is a “qualified institutional buyer” as defined
        under Rule 144A. Such transfers shall be deemed to have complied with the
        requirements of Section 5.02(b) hereof; provided,
        however,
        that no
        Transfer of any of the Class P-R, Class P-M, Class C-R, Class C-M and Class
        R
        Certificates may be made pursuant to this Section 5.02(c) by the Depositor.
        Any
        such Certificateholder desiring to effect such transfer shall, and does hereby
        agree to, indemnify the Trustee, the Depositor 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 applicable federal and state laws.

       

      The
        Trustee shall require an Opinion of Counsel, on which the Trustee, Depositor
        and
        Master Servicer may rely, from a prospective transferee prior to the transfer
        of
        any Class P-R, Class P-M, Class C-R, Class C-M and Class R Certificate to
        any
        employee benefit plan or other retirement arrangement, including individual
        retirement accounts and Keogh plans, that is subject to the Employee Retirement
        Income Security Act of 1974, as amended (“ERISA”) or Section 4975 of the Code
        (any of the foregoing, a “Plan”), to a trustee or other Person acting on behalf
        of any Plan, or to any other person who is using “plan assets” of any Plan to
        effect such acquisition (including any insurance company using funds in its
        general or separate accounts that may constitute “plan assets”). Such Opinion of
        Counsel must establish to the satisfaction of the Trustee that such transfer
        is
        permissible under applicable law, will not constitute or result in a prohibited
        transaction under Section 406 of ERISA and Section 4975 of the Code, and
        will
        not subject the Trustee, the Master Servicer or the Depositor to any obligation
        in addition to those undertaken in this Agreement. Neither the Depositor,
        the
        Master Servicer nor the Trustee, will be required to obtain such Opinion
        of
        Counsel on behalf of any prospective transferee.

       

      Prior
        to
        the termination of the Supplemental Interest Trust, each beneficial owner
        of an
        Offered 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) it is not a Plan or (ii) (A) it is an
        accredited investor within the meaning of Prohibited Transaction Exemption
        2002-41 (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 one
        of
        Prohibited Transaction Class Exemption (“PTCE”) 84-14, 91-38, 95-60, 90-1 or
        96-23.

       

      Each
        beneficial owner of a Subordinate Certificate or any interest therein which
        is
        acquired subsequent to the termination of the Supplemental Interest Trust
        shall
        be deemed to have represented, by virtue of its acquisition or holding of
        that
        Certificate or interest therein, that either (i) it is not a Plan or a trustee
        or other Person acting on behalf of a Plan or using “plan assets” of a Plan to
        effect such acquisition (including any insurance company using funds in its
        general or separate accounts that may constitute “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 Ratings,
        Inc. 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.

       

      (d)  [Reserved]

       

      (e)  (i)
        Each
        Person who has or who acquires any Ownership Interest in a Class R 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
        authorized the Trustee or its designee under clause (iii)(A) below to deliver
        payments to a Person other than such Person and to negotiate the terms of
        any
        mandatory sale under clause (iii)(B) below and to execute all instruments
        of
        transfer and to do all other things necessary in connection with any such
        sale.
        The rights of each Person acquiring any Ownership Interest in a Class R
        Certificate are expressly subject to the following provisions:

       

      (A)  Each
        Person holding or acquiring any Ownership Interest in a Class R 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.

       

      (B)  In
        connection with any proposed Transfer of any Ownership Interest in a Class
        R
        Certificate, the Trustee shall require delivery to it, and shall not register
        the Transfer of any Class R Certificate until its receipt, of (I) an affidavit
        and agreement (a “Transfer Affidavit and Agreement” in the form attached hereto
        as Exhibit G-5) from the proposed Transferee, in form and substance satisfactory
        to the Trustee representing and warranting, among other things, that it is
        a
        Permitted Transferee, that it is not acquiring its Ownership Interest in
        the
        Class R Certificate that is the subject of the proposed Transfer as a nominee,
        trustee or agent for any Person who is not a Permitted Transferee, that for
        so
        long as it retains its Ownership Interest in a Class R Certificate, it will
        endeavor to remain a Permitted Transferee, and that it has reviewed the
        provisions of this Section 5.02 and agrees to be bound by them, and (II)
        a
        certificate, in the form attached hereto as Exhibit G-4, from the Holder
        wishing
        to transfer the Class R Certificate, in form and substance satisfactory to
        the
        Trustee representing and warranting, among other things, that no purpose
        of the
        proposed Transfer is to impede the assessment or collection of tax and that
        it
        has no knowledge that the proposed transferee is not a Permitted
        Transferee.

       

      (C)  Notwithstanding
        the delivery of a Transfer Affidavit and Agreement by a proposed Transferee
        under clause (B) above, if a Responsible Officer of the Trustee assigned
        to this
        transaction has actual knowledge that the proposed Transferee is not a Permitted
        Transferee, no Transfer of an Ownership Interest in a Class R Certificate
        to
        such proposed Transferee shall be effected.

       

      (D)  Each
        Person holding or acquiring any Ownership Interest in a Class R Certificate
        shall agree (x) to require a Transfer Affidavit and Agreement from any other
        Person to whom such Person attempts to transfer its Ownership Interest in
        a
        Class R Certificate and (y) not to transfer its Ownership Interest unless
        it
        provides a certificate to the Trustee in the form attached hereto as Exhibit
        G-4.

       

      (E)  Each
        Person holding or acquiring an Ownership Interest in a Class R Certificate,
        by
        purchasing an Ownership Interest in such Certificate, agrees to give the
        Trustee
        written notice that it is a “pass-through interest holder” within the meaning of
        Temporary Treasury Regulations Section 1.67-3T(a)(2)(i)(A) immediately upon
        acquiring an Ownership Interest in a Class R Certificate, if it is “a
        pass-through interest holder”, or is holding an Ownership Interest in a Class R
        Certificate on behalf of a “pass-through interest holder.”

       

      (ii)  The
        Trustee will register the Transfer of any Class R Certificate only if it
        shall
        have received the Transfer Affidavit and Agreement in the form attached hereto
        as Exhibit G-5, a certificate of the Holder requesting such transfer in the
        form
        attached hereto as Exhibit G-4 and all of such other documents as shall have
        been reasonably required by the Trustee as a condition to such registration.
        Transfers of the Class R Certificates other than to Permitted Transferees
        are
        prohibited.

       

      (iii)  (A)
        If
        any Person other than a Permitted Transferee shall become a Holder of a Class
        R
        Certificate, then the last preceding Permitted Transferee shall be restored,
        to
        the extent permitted by law, to all rights and obligations as Holder thereof
        retroactive to the date of registration of such Transfer of such Class R
        Certificate. If a transfer of a Class R Certificate is disregarded pursuant
        to
        the provisions of Treasury Regulations Section 1.860E-1 or Section 1.860G-3,
        then the last preceding Permitted Transferee shall be restored, to the extent
        permitted by law, to all rights and obligations as Holder thereof retroactive
        to
        the date of registration of such transfer of such Class R Certificate. The
        prior
        Holder shall be entitled to recover from any purported Holder of a Class
        R
        Certificate that was in fact not a Permitted Transferee under this Section
        5.02(e) at the time it became a Holder all payments made on such Class R
        Certificate. Each Holder of a Class R Certificate, by acceptance thereof,
        shall
        be deemed for all purposes to have consented to the provisions of this Section
        5.02(e) and to any amendment of this Agreement deemed necessary (whether
        as a
        result of new legislation or otherwise) by counsel of the Depositor to ensure
        that the Class R Certificates are not transferred to any Person who is not
        a
        Permitted Transferee and that any transfer of such Class R Certificates will
        not
        cause the imposition of a tax upon the Trust or cause any such REMIC to fail
        to
        qualify as a REMIC. Neither the Trustee nor the Trustee shall be under any
        liability to any Person for any registration of Transfer of a Class R
        Certificate that is in fact not permitted by this Section 5.02 or for making
        any
        payments due on such Certificate to the Holder thereof or for taking any
        other
        action with respect to such Holder under the provisions of this
        Agreement.

       

      (B)
        If
        any purported Transferee shall become a Holder of a Class R Certificate in
        violation of the restrictions in this Section 5.02 and to the extent that
        the
        retroactive restoration of the rights of the Holder of such Class R Certificate
        as described in clause (iii)(A) above shall be invalid, illegal or
        unenforceable, then the Trustee shall have the right, without notice to the
        Holder or any prior Holder of such Class R Certificate, to sell such Class
        R
        Certificate to a purchaser selected by the Trustee on such terms as the Trustee
        may choose. Such purported Transferee shall promptly endorse and deliver
        each
        Class R Certificate in accordance with the instructions of the Trustee. Such
        purchaser may be the Trustee itself. The proceeds of such sale, net of the
        commissions (which may include commissions payable to the Trustee), expenses
        and
        taxes due, if any, will be remitted by the Trustee to such purported Transferee.
        The terms and conditions of any sale under this clause (iii)(B) shall be
        determined in the sole discretion of the Trustee, and the Trustee shall not
        be
        liable to any Person having an Ownership Interest in a Class R Certificate
        as a
        result of its exercise of such discretion.

       

      (iv)  The
        Trustee shall make available to the Internal Revenue Service and those Persons
        specified by the REMIC Provisions, all information necessary to compute any
        tax
        imposed (A) as a result of the transfer of an ownership interest in a Class
        R
        Certificate to any Person who is a Disqualified Organization, including the
        information regarding “excess inclusions” of such Class R Certificates required
        to be provided to the Internal Revenue Service and certain Persons as described
        in Treasury Regulations Sections 1.860D-1(b)(5) and 1.860E-2(a)(5), and (B)
        as a
        result of any regulated investment company, real estate investment trust,
        common
        trust fund, partnership, trust, estate or organization described in Section
        1381
        of the Code that holds an Ownership Interest in a Class R Certificate having
        as
        among its record Holders at any time any Person who is a Disqualified
        Organization. The Trustee may charge and shall be entitled to reasonable
        compensation for providing such information as may be required from those
        Persons which may have had a tax imposed upon them as specified in clauses
        (A)
        and (B) of this paragraph for providing such information.

       

      (f)  Subject
        to the preceding paragraphs, upon surrender for registration of transfer
        of any
        Certificate at the office of the Trustee maintained for such purpose, the
        Trustee shall execute and the Trustee shall authenticate and deliver, in
        the
        name of the designated transferee or transferees, one or more new Certificates
        of the same Class of a like aggregate Percentage Interest. Every Certificate
        surrendered for transfer shall be accompanied by notification of the account
        of
        the designated transferee or transferees for the purpose of receiving
        distributions pursuant to Section 4.01 by wire transfer, if any such transferee
        desires and is eligible for distribution by wire transfer.

       

      (g)  At
        the
        option of the Certificateholders, Certificates may be exchanged for other
        Certificates of authorized denominations of the same Class of a like aggregate
        Percentage Interest, upon surrender of the Certificates to be exchanged at
        the
        office of the Trustee. Whenever any Certificates are so surrendered for exchange
        the Trustee shall execute, authenticate and deliver the Certificates which
        the
        Certificateholder making the exchange is entitled to receive. Every Certificate
        presented or surrendered for transfer or exchange shall (if so required by
        the
        Trustee) be duly endorsed by, or be accompanied by a written instrument of
        transfer in the form satisfactory to the Trustee duly executed by, the Holder
        thereof or his attorney duly authorized in writing. In addition, with respect
        to
        each Class R Certificate, the Holder thereof may exchange, in the manner
        described above, such Class R Certificate for four separate Certificates,
        each
        representing such Holder's respective Percentage Interest in the Class R-1
        Interest, the Class R-2 Interest, the Class R-3 Interest and Class R-4 Interest,
        respectively, in each case that was evidenced by the Class R Certificate
        being
        exchanged.

       

      (h)  No
        service charge shall be made to the Certificateholders for any transfer or
        exchange of Certificates, but the Trustee 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.

       

      (i)  All
        Certificates surrendered for transfer and exchange shall be canceled and
        retained by the Trustee in accordance with the Trustee’s standard
        procedures.

       

      
        	Section
                5.03.  	
                Mutilated,
                  Destroyed, Lost or Stolen
                  Certificates.

              

      

       

      If
        (i)
        any mutilated Certificate is surrendered to the Trustee and the Trustee receives
        evidence to its satisfaction of the destruction, loss or theft of any
        Certificate, and (ii) there is delivered to the Trustee such security or
        indemnity as may be required by it to save it 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 the same Class and Percentage Interest. Upon the issuance
        of any
        new Certificate under this Section, 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 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.

       

      
        	Section
                5.04.  	
                Persons
                  Deemed Owners.

              

      

       

      The
        Depositor, the Master Servicer, the Trustee and any agent of any of them
        may
        treat the person 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 neither the Depositor, the
        Master Servicer, the Trustee nor any agent of any of them shall be affected
        by
        notice to the contrary.

       

      
        	Section
                5.05.  	
                Rule
                  144A Information.

              

      

       

      For
        so
        long as any Class P, Class C and Class R are outstanding and are “restricted
        securities” within the meaning of Rule 144(a)(3) of the Securities Act, (1) the
        Depositor will provide or cause to be provided to any Holder of such
        Certificates and any prospective purchaser thereof designated by such a Holder,
        upon the request of such Holder or prospective purchaser, the information
        required to be provided to such Holder or prospective purchaser by Rule
        144A(d)(4) under the Securities Act; and (2) the Depositor shall update such
        information from time to time in order to prevent such information from becoming
        false and misleading and will take such other actions as are necessary to
        ensure
        that the safe harbor exemption from the registration requirements of the
        Securities Act under Rule 144A is and will be available for resales of such
        Certificates conducted in accordance with Rule 144A. The Master Servicer
        shall
        cooperate with the Depositor and furnish the Depositor such information in
        the
        Master Servicer's possession as the Depositor may reasonably
        request.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

          
          

        

      

      ARTICLE
        VI

       

      THE
        DEPOSITOR AND THE MASTER SERVICER

       

      
        	Section
                6.01.  	
                Liability
                  of the Depositor and the Master
                  Servicer.

              

      

       

      The
        Depositor and the Master Servicer each shall be liable in accordance herewith
        only to the extent of the obligations specifically imposed upon and undertaken
        by the Depositor and the Master Servicer herein. Only the Master Servicer,
        any
        successor Master Servicer or the Trustee acting as Master Servicer shall
        be
        liable with respect to the servicing of the Mortgage Loans and the REO Property
        for actions taken by any such Person in contravention of the Master Servicer's
        duties hereunder.

       

      
        	Section
                6.02.  	
                Merger,
                  Consolidation or Conversion of the Depositor or the Master
                  Servicer.

              

      

       

      The
        Depositor and the Master Servicer each will keep in full effect its existence,
        rights and franchises as a corporation under the laws of the state of its
        incorporation, and each 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 respective duties under this Agreement.

       

      Any
        Person into which the Depositor or the Master Servicer may be merged,
        consolidated or converted, 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, 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 or surviving Person
        to
        the Master Servicer shall be qualified to sell mortgage loans to and service
        mortgage loans for Fannie Mae or Freddie Mac.

       

      
        	Section
                6.03.  	
                Limitation
                  on Liability of the Depositor, the Master Servicer and
                  Others.

              

      

       

      Neither
        the Depositor, the Master Servicer nor any of the directors, officers, employees
        or agents of the Depositor or the Master Servicer shall be under any liability
        to the Trust Fund or the Certificateholders for any action taken or for
        refraining from the taking of any action in good faith pursuant to this
        Agreement, or for errors in judgment; provided, however, that this provision
        shall not protect the Depositor or the Master Servicer (but this provision
        shall
        protect the above described persons) against any breach of warranties or
        representations made herein, or against any specific liability imposed on
        the
        Master Servicer pursuant to Section 3.01 or any other Section hereof; and
        provided further that this provision shall not protect the Depositor, the
        Master
        Servicer or any such person, against any liability which would otherwise
        be
        imposed by reason of willful misfeasance, bad faith or gross negligence in
        the
        performance of duties or by reason of reckless disregard of obligations and
        duties hereunder. The Depositor, the Master Servicer and any director, officer,
        employee or agent of the Depositor or 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.
        The Depositor, the Master Servicer and any director, officer, employee or
        agent
        of the Depositor or the Master Servicer shall be indemnified and held harmless
        by the Trust Fund against any loss, liability or expense incurred in connection
        with any legal action relating to this Agreement or the Certificates (including
        reasonable legal fees and disbursements of counsel), other than (a) any loss,
        liability or expense related to Master Servicer's servicing obligations with
        respect to any specific Mortgage Loan or Mortgage Loans (except as any such
        loss, liability or expense shall be otherwise reimbursable pursuant to this
        Agreement) or related to the Master Servicer's obligations under Section
        3.01,
        or (b) any loss, liability or expense incurred by reason of willful misfeasance,
        bad faith or gross negligence in the performance of duties hereunder or by
        reason of reckless disregard of obligations and duties hereunder. Neither
        the
        Depositor nor the Master Servicer shall be under any obligation to appear
        in,
        prosecute or defend any legal action which is not incidental to its respective
        duties under this Agreement and which in its opinion may involve it in any
        expense or liability; provided,
        however,
        that
        the Depositor or the Master Servicer may in its sole discretion 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 (except any action or
        liability related to the Master Servicer's obligations under Section 3.01)
        shall
        be expenses, costs and liabilities of the Trust Fund, and the Depositor and
        the
        Master Servicer shall be entitled to be reimbursed therefor from the Certificate
        Account as provided in Section 3.11, any such right of reimbursement being
        prior
        to the rights of Certificateholders to receive any amount in the Certificate
        Account.

       

      
        	Section
                6.04.  	
                Limitation
                  on Resignation of the Master
                  Servicer.

              

      

       

      The
        Master Servicer shall not resign from the obligations and duties hereby imposed
        on it except (a) upon appointment of a successor servicer reasonably acceptable
        to the Trustee upon receipt by the Trustee of a letter from each Rating Agency
        (obtained by the Master Servicer and at its expense) that such a resignation
        and
        appointment will not, in and of itself, result in a downgrading of the
        Certificates or (b) upon determination that its duties hereunder are no longer
        permissible under applicable law. Any such determination permitting the
        resignation of the Master Servicer shall be evidenced by an Opinion of Counsel
        (at the expense of the resigning Master Servicer) to such effect delivered
        to
        the Trustee. No such resignation shall become effective until the Trustee
        or a
        successor servicer shall have assumed the Master Servicer's responsibilities,
        duties, liabilities and obligations hereunder.

       

      
        	Section
                6.05.  	
                Sale
                  and Assignment of Master Servicing.

              

      

       

      The
        Master Servicer may sell and assign its rights and delegate its duties and
        obligations in their 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, in the case of successor master servicers
        only,
        have a net worth of not less than $10,000,000 (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)
        as
        having a comparable servicing ability to that of the Master Servicer on the
        Closing Date; (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 and 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 or withdrawn as a
        result
        of such assignment, sale and delegation, as evidenced by a letter to such
        effect
        obtained by the Master Servicer at its expense and delivered to the Trustee;
        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
        (at
        the expense of the Master Servicer), 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
        VII

       

      DEFAULT

       

      
        	Section
                7.01.  	
                Events
                  of Default.

              

      

       

      “Event
        of
        Default”, wherever used herein, means any one of the following
        events:

       

      (i)  any
        failure by the Master Servicer to deposit into the Certificate Account on
        each
        Certificate Account Deposit Date the amounts required to be deposited therein
        (other than an Advance) under the terms of this Agreement which continues
        unremedied for two (2) Business Days after such amount was required to be
        remitted; or

       

      (ii)  any
        failure on the part of the Master Servicer duly to observe or perform in
        any
        material respect any other of the covenants or agreements on the part of
        the
        Master Servicer contained in the Certificates or in this Agreement (including
        any breach of the Master Servicer's representations and warranties pursuant
        to
        Section 2.03(a) which materially and adversely affects the interests of the
        Certificateholders) which continues unremedied for a period of 60 days after
        the
        date on which written notice of such failure, requiring the same to be remedied,
        shall have been given to the Master Servicer by the Trustee, or to the Master
        Servicer and the Trustee by the Holders of Certificates entitled to at least
        25%
        of the Voting Rights; or

       

      (iii)  a
        decree
        or order of a court or agency or supervisory authority having jurisdiction
        in an
        involuntary case under any present or future federal or state bankruptcy,
        insolvency or similar law or the appointment of a conservator or receiver
        or
        liquidator in any insolvency, readjustment of debt, marshaling 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; or

       

      (iv)  the
        Master Servicer shall consent to the appointment of a conservator or receiver
        or
        liquidator in any insolvency, readjustment of debt, marshaling of assets
        and
        liabilities or similar proceedings of or relating to the Master Servicer
        or of
        or relating to all or substantially all of its property; or

       

      (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 otherwise
        voluntarily commence a case or proceeding under any applicable bankruptcy,
        insolvency, reorganization or other similar statute, make an assignment for
        the
        benefit of its creditors, or voluntarily suspend payment of its obligations;
        or

       

      (vi)  the
        Master Servicer shall fail to deposit in the Certificate Account on any
        Certificate Account Deposit Date an amount equal to any required Advance
        which
        continues unremedied for the earlier of (a) a period of two (2) Business
        Days or
        (b) the Business Day immediately preceding the Distribution Date.

       

      If
        an
        Event of Default described in clauses (i) - (v) of this Section shall occur,
        then, and in each and every such case, so long as such Event of Default shall
        not have been remedied, the Trustee or the Holders of Certificates entitled
        to
        at least 51% of the Voting Rights, by notice in writing to the Master Servicer
        and the Swap Providers (and to the Trustee if given by such Holders of
        Certificates), with a copy to the Rating Agencies, may terminate all of the
        rights and obligations (but not the liabilities) of the Master Servicer under
        this Agreement and in and to the Trust Fund, other than its rights as a
        Certificateholder hereunder; provided,
        however,
        that
        the successor to the Master Servicer appointed pursuant to Section 7.02 shall
        have accepted the duties of Master Servicer effective upon the resignation
        or
        termination of the Master Servicer. If an Event of Default described in clause
        (vi) hereof shall occur, the Trustee, as applicable, shall, by notice to
        the
        Master Servicer and the Depositor, terminate all of the rights and obligations
        of the Master Servicer under this Agreement and in and to the Trust Fund,
        other
        than its rights as a Certificateholder hereunder; provided,
        however,
        that if
        the Trustee, as applicable, determines (in its sole discretion) that the
        failure
        by the Master Servicer to make any required Advance was due to circumstances
        beyond its control, and the required Advance was otherwise made, the Trustee,
        as
        applicable, shall not terminate the Master Servicer. On or after the receipt
        by
        the Master Servicer of such notice, all authority and power of the Master
        Servicer under this Agreement, whether with respect to the Certificates (other
        than as a Holder thereof) or the Mortgage Loans or otherwise, shall pass
        to and
        be vested in the Trustee pursuant to and under this Section, and, without
        limitation, the Trustee is hereby authorized and empowered to execute and
        deliver, on behalf of the 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
        the Mortgage Loans and related documents, or otherwise at the expense of
        the
        Master Servicer. The Master Servicer agrees to cooperate with (and pay any
        related costs and expenses of) the Trustee in effecting the termination of
        the
        Master Servicer's responsibilities and rights hereunder, including, without
        limitation, the transfer to the Trustee or the successor Master Servicer
        for
        administration by it of (i) the property and amounts which are then or should
        be
        part of the Trust Fund or which thereafter become part of the Trust Fund;
        (ii)
        originals or copies of all documents of the Master Servicer reasonably requested
        by the Trustee to enable it to assume the Master Servicer's duties thereunder;
        (iii) the rights and obligations of the Master Servicer under the Sub-Servicing
        Agreements with respect to the Mortgage Loans; and (iv) all cash amounts
        which
        shall at the time be deposited by the Master Servicer or should have been
        deposited to the Custodial or the Certificate Account or thereafter be received
        with respect to the Mortgage Loans. The Trustee shall not be deemed to have
        breached any obligation hereunder as a result of a failure to make or delay
        in
        making any distribution as and when required hereunder caused by the failure
        of
        the Master Servicer to remit any amounts received by it or to deliver any
        documents held by it with respect to the Mortgage Loans. For purposes of
        this
        Section 7.01, the Trustee shall not be deemed to have knowledge of an Event
        of
        Default unless a Responsible Officer of the Trustee has actual knowledge
        thereof
        or unless notice of any event which is in fact such an Event of Default is
        received by the Trustee as provided in Section 11.05 and such notice references
        the Certificates, the Trust Fund or this Agreement.

       

      
        	Section
                7.02.  	
                Trustee
                  to Act; Appointment of Successor.

              

      

       

      Within
        90
        days of the time the Master Servicer receives a notice of termination pursuant
        to Section 7.01(i) - (v), the Trustee or its appointed agent shall be the
        successor in all respects to the Master Servicer in its capacity as Master
        Servicer under this Agreement and the transactions set forth or provided
        for
        herein and shall be subject thereafter to all the responsibilities, duties
        and
        liabilities relating thereto placed on the Master Servicer including the
        obligation to make Advances which have been or will be required to be made
        (except for the responsibilities, duties and liabilities contained in Section
        2.03 and its obligations to deposit amounts in respect of losses pursuant
        to
        Section 3.12 and 4.01(r)) by the terms and provisions hereof; and provided
        further, that any failure to perform such duties or responsibilities caused
        by
        the Master Servicer's failure to provide information required by Section
        4.03
        shall not be considered a default by the Trustee hereunder. As compensation
        therefor, the Trustee shall be entitled to all funds relating to the Mortgage
        Loans which the Master Servicer would have been entitled to charge to the
        Custodial Account if the Master Servicer had continued to act hereunder.
        If the
        Trustee has become the successor to the Master Servicer in accordance with
        Section 6.04 or Section 7.02, then notwithstanding the above, if the Trustee
        shall be unwilling to so act, or shall be unable to so act, the Trustee may
        appoint, or petition a court of competent jurisdiction or appoint, any
        established housing and home finance institution, which is also a Fannie
        Mae- or
        Freddie Mac-approved mortgage servicing institution, having a net worth of
        not
        less than $10,000,000 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. Pending appointment of a successor to the
        Master
        Servicer hereunder, the Trustee shall act in such capacity as herein above
        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 as it and such successor shall agree; provided, however, that
        no
        such compensation shall be in excess of that permitted the Master Servicer
        hereunder. Each of the Sponsor, the Trustee and such successor shall take
        such
        action, consistent with this Agreement, as shall be necessary to effectuate
        any
        such succession. In no event shall the successor Master Servicer be liable
        for
        the acts or omissions of the predecessor Master Servicer.

       

      In
        connection with the termination or resignation of the Master Servicer hereunder,
        either (i) the successor Master Servicer, including the Trustee if the Trustee
        is acting as successor Master Servicer, 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 Master Servicer shall cooperate with the successor Master Servicer
        in causing MERS to revise its records to reflect the transfer of servicing
        to
        the successor Master Servicer as necessary under MERS' rules and regulations,
        or
        (ii) the predecessor Master Servicer shall cooperate with the successor Master
        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 Master Servicer. The
        predecessor Master Servicer shall file or cause to be filed any such assignment
        in the appropriate recording office. The predecessor Master 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 Section 7.02. The successor Master Servicer shall cause such assignment
        to
        be delivered to the Custodian promptly upon receipt of the original with
        evidence of recording thereon or a copy certified by the public recording
        office
        in which such assignment was recorded.

       

      Any
        successor, including the Trustee, to the Master Servicer shall maintain in
        force
        during its term as master servicer hereunder policies and fidelity bonds
        to the
        same extent as the Master Servicer is so required pursuant to Section
        3.18.

       

      Any
        successor, including the Trustee, to the Master Servicer shall not terminate
        any
        Sub-Servicing Agreement with Midland Loan Services, Inc. without
        cause.

       

      Notwithstanding
        anything else herein to the contrary, in no event shall the Trustee be liable
        for any Master Servicing Fee or Sub-Servicing Fee or for any differential
        in the
        amount of the Master Servicing Fee or Sub-Servicing Fee paid hereunder and
        the
        amount necessary to induce any successor Master Servicer or Sub-Servicer,
        as
        applicable, to act as successor Master Servicer or Sub-Servicer, as applicable,
        under this Agreement and the transactions set forth or provided for
        herein.

       

      
        	Section
                7.03.  	
                Notification
                  to Certificateholders.

              

      

       

      (a)  Upon
        any
        such termination or appointment of a successor to the Master Servicer, the
        Trustee shall give prompt notice thereof to Certificateholders and to the
        Rating
        Agencies.

       

      (b)  Within
        60
        days after the occurrence of any Event of Default, the Trustee shall transmit
        by
        mail to all Holders of Certificates and the Swap Providers notice of each
        such
        Event of Default hereunder known to the Trustee, unless such Event of Default
        shall have been cured or waived.

       

      
        	Section
                7.04.  	
                Waiver
                  of Events of Default.

              

      

       

      The
        Holders representing at least 51% of the Voting Rights of Certificates affected
        by a default or Event of Default hereunder, may waive such default or Event
        of
        Default (other than an Event of Default set forth in Section 7.01(vi));
provided,
        however,
        that
        (a) a default or Event of Default under clause (i) of Section 7.01 may be
        waived
        only by all of the Holders of Certificates affected by such default or Event
        of
        Default and (b) no waiver pursuant to this Section 7.04 shall affect the
        Holders
        of Certificates in the manner set forth in the second paragraph of Section
        11.01
        or materially adversely affect any non-consenting Certificateholder. Upon
        any
        such waiver of a default or Event of Default by the Holders representing
        the
        requisite percentage of Voting Rights of Certificates affected by such default
        or Event of Default, such default or Event of Default shall cease to exist
        and
        shall be deemed to have been remedied for every purpose hereunder. No such
        waiver shall extend to any subsequent or other default or Event of Default
        or
        impair any right consequent thereon except to the extent expressly so waived.
        The Master Servicer shall give notice of any such waiver to the Rating
        Agencies.

       

      
        	Section
                7.05.  	
                List
                  of Certificateholders.

              

      

       

      Upon
        written request of three or more Certificateholders of record, for purposes
        of
        communicating with other Certificateholders with respect to their rights
        under
        this Agreement, the Trustee will afford such Certificateholders access during
        business hours to the most recent list of Certificateholders held by the
        Trustee.

       

      ARTICLE
        VIII

       

      CONCERNING
        THE TRUSTEE

       

      
        	Section
                8.01.  	
                Duties
                  of Trustee.

              

      

       

      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. If an Event of Default occurs, is continuing and has not been
        waived,
        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. Any permissive right of the Trustee enumerated in this Agreement
        shall not be construed as a duty.

       

      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 in accordance with the requirements of this
        Agreement. 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. Notwithstanding the foregoing, 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 hereunder or any Opinion of Counsel required
        hereunder.

       

      The
        Trustee shall prepare and file or cause to be filed on behalf of the Trust
        Fund
        any tax return that is required with respect to REMIC 1, REMIC 2, REMIC 3
        and
        REMIC 4 pursuant to applicable federal, state or local tax laws.

       

      The
        Trustee covenants and agrees that it shall perform its obligations hereunder
        in
        a manner so as to maintain the status of REMIC 1, REMIC 2, REMIC 3 and REMIC
        4
        under the REMIC Provisions and to prevent the imposition of any federal,
        state
        or local income, prohibited transaction, contribution or other tax on any
        of
        REMIC 1, REMIC 2, REMIC 3 or REMIC 4 to the extent that maintaining such
        status
        and avoiding such taxes are within the control of the Trustee and are reasonably
        within the scope of its duties under this Agreement.

       

      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
        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 liable 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;
        and

       

      (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 direction
        of the
        Holders of Certificates entitled to at least 25% of the Voting Rights relating
        to the time, method and place of conducting any proceeding for any remedy
        available to the Trustee, or exercising any trust or power conferred upon
        the
        Trustee, under this Agreement.

       

      
        	Section
                8.02.  	
                Certain
                  Matters Affecting the Trustee.

              

      

       

      Except
        as
        otherwise provided in Section 8.01:

       

      (a)  The
        Trustee may conclusively rely upon and shall be fully protected in acting
        or
        refraining from acting in reliance 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;

       

      (b)  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
        therewith;

       

      (c)  The
        Trustee shall be under no obligation to exercise any of the trusts or powers
        vested in it by this Agreement, other than its obligation to give notice
        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 security or indemnity
        satisfactory to it 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’s corporate trust department has
        actual knowledge (which has not been waived or cured), 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 man would exercise or use under
        the circumstances in the conduct of his own affairs;

       

      (d)  The
        Trustee shall not be 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;

       

      (e)  Prior
        to
        the occurrence of an Event of Default hereunder and after the curing or waiver
        of all Events of Default 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 document, unless requested in writing
        to
        do so by the Holders of Certificates entitled to at least 25% of the Voting
        Rights; 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, reasonably
        assured to the Trustee by the security afforded to it by the terms of this
        Agreement reasonable expense of every such examination shall be paid by the
        Certificateholders requesting the investigation;

       

      (f)  The
        Trustee may execute any of the trusts or powers hereunder or perform any
        duties
        hereunder either directly or by or through agents, nominees, custodians or
        attorneys appointed with due care, and shall not be responsible for any willful
        misconduct or negligence on the part of any agent, attorney, custodian or
        nominee so appointed;

       

      (g)  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;
        and

       

      (h)  Whenever
        in the administration of the provisions of this Agreement the Trustee shall
        deem
        it necessary or desirable that a matter be proved or established prior to
        taking
        or suffering any action to be taken hereunder, such matter (unless other
        evidence in respect thereof be herein specifically prescribed) may, in the
        absence of gross negligence or bad faith on the part of the Trustee, be deemed
        to be conclusively proved and established by a certificate signed and delivered
        to the Trustee and such certificate, in the absence of gross negligence or
        bad
        faith on the part of the Trustee, shall be full warrant to the Trustee for
        any
        action taken, suffered or omitted by it under the provisions of this Agreement
        upon the faith thereof.

       

      The
        Trustee shall have no obligation to invest and reinvest any cash held in
        the
        absence of timely and specific written investment direction from the Master
        Servicer. In no event shall the Trustee be liable for the selection of
        investments or for investment losses incurred thereon. The Trustee shall
        have no
        liability in respect of losses incurred as a result of the liquidation of
        any
        investment incurred as a result of the liquidation of any investment prior
        to
        its stated maturity or the failure of the Master Servicer to provide timely
        written investment direction.

       

      In
        order
        to comply with the 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 (“Lending Laws”), 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
        the Lending Laws.

       

      
        	Section
                8.03.  	
                Trustee
                  Not Liable for Certificates or Mortgage
                  Loans.

              

      

       

      The
        recitals contained herein and in the Certificates (other than the signature
        of
        the Trustee, the authentication of the Trustee on the Certificates, the
        acknowledgments of the Trustee contained in Article II) shall be taken as
        the
        statements of the Depositor and the Trustee assumes no responsibility for
        their
        correctness. The Trustee makes no representations or warranties 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 of MERS or the MERS® System. Te 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 or the Master Servicer in
        respect
        of the Mortgage Loans or deposited in or withdrawn from the Custodial Account
        by
        the Master Servicer.

       

      
        	Section
                8.04.  	
                Trustee
                  May Own Certificates.

              

      

       

      The
        Trustee in its individual or any other capacity (other than as Trustee
        hereunder) may become the owner or pledgee of Certificates with the same
        rights
        it would have if it were not Trustee and may otherwise deal with the parties
        hereto.

       

      
        	Section
                8.05.  	
                Trustee’s
                  Fees.

              

      

       

      On
        each
        Distribution Date, the Trustee shall be entitled to withdraw from the
        Certificate Account as compensation hereunder any amounts earned on funds
        in the
        Certificate Account. Such compensation (which shall not be limited by any
        provision of law in regard to the compensation of a trustee of an express
        trust)
        shall be paid for all services rendered by it in the execution of the trusts
        hereby created and in the exercise and performance of any of the powers and
        duties hereunder or of the Trustee. Except as otherwise provided in this
        Agreement, the Trustee and any director, officer, employee or agent of the
        Trustee shall be indemnified and held harmless by the Trust Fund against
        any
        claim, loss, liability, fee or expense incurred in connection with any Event
        of
        Default, any breach of this Agreement or any claim or legal action (including
        any pending or threatened claim or legal action), or relating to the acceptance
        or administration of its trusts hereunder or the Trustee’s performance under the
        Certificates, other than any claim, loss, liability or expense (i) sustained
        in
        connection with this Agreement related to the willful misfeasance, bad faith
        or
        negligence of the Master Servicer in the performance of its duties hereunder
        or
        (ii) incurred in connection with a breach constituting willful misfeasance,
        bad
        faith or negligence of the Trustee in the performance of its duties hereunder
        or
        by reason of reckless disregard of its obligations and duties
        hereunder.

       

      The
        Master Servicer shall indemnify the Trustee and any director, officer, employee
        or agent of the Trustee against any such claim or legal action (including
        any
        pending or threatened claim or legal action), loss, liability, fee or expense
        that may be sustained in connection with this Agreement related to the willful
        misfeasance, bad faith, or negligence in the performance of the Master
        Servicer's duties hereunder.

       

      The
        provisions of this Section 8.05 shall survive the resignation or removal
        of the
        Trustee or the termination of this Agreement.

       

      
        	Section
                8.06.  	
                Eligibility
                  Requirements for Trustee.

              

      

       

      The
        Trustee hereunder shall at all times be a corporation or a national banking
        association organized and doing business under the laws of any state or the
        United States of America or the District of Columbia, 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. In addition, the Trustee shall at all times be acceptable to the
        Rating Agency rating the Certificates. If such corporation 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 the combined capital and surplus of such corporation shall be deemed
        to
        be its 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, the Trustee shall
        resign immediately in the manner and with the effect specified in Section
        8.07.
        The corporation or national banking association serving as Trustee may have
        normal banking and trust relationships with the Sponsor and their affiliates
        or
        the Master Servicer and its affiliates; provided,
        however,
        that
        such corporation cannot be an affiliate of the Master Servicer other than
        the
        Trustee in its role as successor to the Master Servicer.

       

      
        	Section
                8.07.  	
                Resignation
                  and Removal of the Trustee.

              

      

       

      The
        Trustee may at any time resign and be discharged from the trusts hereby created
        by giving written notice thereof to the Master Servicer; with a copy to the
        Rating Agencies and the Swap Providers; provided,
        that
        such resignation shall not be effective until successor trustee is appointed
        and
        accepts appointment in accordance with the following provisions; provided,
        however,
        that
        the resigning trustee shall not resign and be discharged from the trusts
        hereby
        created until such time as the Rating Agency rating the Certificates approves
        the successor trustee. Upon receiving such notice of resignation, the Master
        Servicer shall promptly appoint successor trustee who meets the eligibility
        requirements of Section 8.06 by written instrument, in triplicate, one copy
        of
        which instrument shall be delivered to the resigning trustee and to 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 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
        Master Servicer, or if at any time the Trustee shall become incapable of
        acting,
        or shall be adjudged 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, the Master Servicer, may remove
        the
        Trustee and appoint successor trustee who meets the eligibility requirements
        of
        Section 8.06 by written instrument, in triplicate, which instrument shall
        be
        delivered to the Trustee so removed and to the successor trustee.

       

      During
        the continuance of an Insurer Default, the Holders of Certificates entitled
        to
        at least 51% of the Voting Rights, may at any time remove the Trustee and
        appoint successor trustee by written instrument or instruments, in triplicate,
        signed by such Holders or their attorneys-in-fact duly authorized, one complete
        set of which instruments shall be delivered to the Master Servicer, one complete
        set to the Trustee so removed and one complete set to the successor so
        appointed. A copy of such instrument shall be delivered to the
        Certificateholders and the Depositor by the Master Servicer.

       

      Any
        resignation or removal of the Trustee and appointment of successor trustee
        pursuant to any of the provisions of this Section 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 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. The predecessor trustee
        shall after payment of its outstanding fees and expenses, promptly deliver
        to
        the successor trustee all assets and records of the Trust Fund held by it
        hereunder, and the Master Servicer and the predecessor trustee shall execute
        and
        deliver all such instruments and do such other things as may reasonably be
        required for more 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 unless
        at
        the time of such acceptance such successor trustee shall be eligible under
        the
        provisions of Section 8.06.

       

      Upon
        acceptance of appointment by successor trustee as provided in this Section,
        the
        Master Servicer shall mail notice of the succession of such trustee hereunder
        to
        all Holders of Certificates at their addresses as shown in the Certificate
        Register. If the Master Servicer fails to mail such notice within ten days
        after
        acceptance of appointment by the successor trustee, the successor trustee
        shall
        cause such notice to be mailed at the expense of the Master
        Servicer.

       

      
        	Section
                8.09.  	
                Merger
                  or Consolidation of Trustee.

              

      

       

      Any
        state
        bank or trust company or corporation or national banking association into
        which
        the Trustee may be merged or converted or with which it may be consolidated
        or
        any state bank or trust company or national banking association resulting
        from
        any merger, conversion or consolidation to which the Trustee shall be a party,
        or any state bank or trust company or corporation or national banking
        association succeeding to all or substantially all of the corporate trust
        business of the Trustee, shall be the successor of the Trustee hereunder,
        provided such state bank or trust company or corporation or national banking
        association shall be eligible under the provisions of Section 8.06 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 hereof, 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 the same 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, such title to the Trust Fund, or any
        part
        thereof, and, subject to the other provisions of this Section 8.10, 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
        so to do, or in case an Event of Default shall have occurred and be continuing,
        the Trustee alone shall have the power to make such appointment without the
        Master Servicer. No co-trustee or separate trustee hereunder shall be required
        to meet the terms of eligibility as successor trustee under Section 8.06
        hereunder and no notice to Holders of Certificates of the appointment of
        co-trustee(s) or separate trustee(s) shall be required under Section 8.08
        hereof.

       

      In
        the
        case of any appointment of a co-trustee or separate trustee pursuant to this
        Section 8.10, all rights, powers, duties and obligations conferred or imposed
        upon the Trustee and required to be conferred or such co-trustee shall be
        conferred or imposed upon and exercised or performed by the Trustee and such
        separate trustee or co-trustee jointly, 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 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 by such separate trustee or co-trustee at
        the
        direction of the 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.

       

      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.

       

      ARTICLE
        IX

       

      TERMINATION

       

      
        	Section
                9.01.  	
                Termination
                  Upon Repurchase or Liquidation of All Mortgage Loans or upon Purchase
                  of
                  Certificates.

              

      

       

      (a)  Subject
        to Section 9.03, the respective obligations and responsibilities of the
        Depositor, the Master Servicer and the Trustee created hereby (other than
        the
        obligations of the Master Servicer to the Trustee pursuant to Section 8.05
        and
        of the Master Servicer to provide for and the Trustee to make payments to
        Certificateholders as hereafter set forth) shall terminate upon payment to
        the
        related Certificateholders of all amounts held by or on behalf of the Trustee
        and required to be paid to them hereunder following the earlier to occur
        of (i)
        the repurchase by the Master Servicer or its designee of all related Mortgage
        Loans and each related REO Property in respect thereof remaining in the Trust
        Fund at a price in cash equal to (a) 100% of the unpaid principal balance
        of
        each such Mortgage Loan (other than one as to which a REO Property was acquired)
        on the day of repurchase together with accrued interest on such unpaid principal
        balance at the Net Mortgage Rate to the first day of the month in which the
        proceeds of such repurchase are to be distributed, plus (b) the appraised
        value
        of any such REO Property (but not more than the unpaid principal balance
        of the
        related Mortgage Loan, together with accrued interest on that balance at
        the Net
        Mortgage Rate to the first day of the month such repurchase price is
        distributed), less the good faith estimate of the Master Servicer of liquidation
        expenses to be incurred in connection with its disposal thereof, such appraisal
        to be conducted by an appraiser mutually agreed upon by the Master Servicer
        and
        the Trustee at the expense of the Master Servicer and plus (c) any Swap
        Termination Payment (which
        shall include any Net Swap Payment payable for the final Distribution
        Date)
        payable
        to the related Swap Provider pursuant to the related Interest Rate Swap
        Agreement which remains upaid or which is due to the exercise of such option
        (a
“Swap Optional Termination Payment”), and (ii) the final payment or other
        liquidation (or any Advance with respect thereto) of the last Mortgage Loan
        in
        the related Loan Group remaining in the Trust Fund (or the disposition of
        all
        REO Property in respect thereof); provided,
        however,
        that in
        no event shall the trust created hereby continue beyond the earlier of (i)
        the
        Distribution Date occurring in August 2036 (ii) 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 (iii) the “latest possible maturity date” specified in the
        Preliminary Statements with respect to the related Regular Interests and
        Certificates, and provided further,
        that
        the purchase price set forth above shall be increased as is necessary, as
        determined by the Master Servicer, to avoid disqualification of any of REMIC
        1,
        REMIC 2, REMIC 3 or REMIC 4 as a REMIC. In the case of any repurchase by
        the
        Master Servicer pursuant to clause (i), the Master Servicer shall exercise
        reasonable efforts to cooperate fully with the Trustee in effecting such
        repurchase and the transfer of the Mortgage Loans and related Mortgage Files
        and
        related records to the Master Servicer.

       

      The
        right
        of the Master Servicer or its designee to repurchase all Mortgage Loans in
        a
        Loan Group pursuant to (i) above shall be conditioned upon the Aggregate
        Stated
        Principal Balance of such Mortgage Loans at the time of any such repurchase
        aggregating an amount equal to or less than 10% of the Cut-off Date Balance
        of
        such Mortgage Loans. If such right is exercised, the Master Servicer upon
        such
        repurchase shall provide to the Trustee, notice of such exercise prior to
        the
        Determination Date in the month preceding the month of purchase and the
        certification required by Section 3.16.

       

      In
        the
        case of a repurchase of Mortgage Loans and REO Property related to a Loan
        Group
        pursuant to clause (a)(i) above, only an amount equal to the repurchase price
        specified in such clause (a)(i) above for such Mortgage Loans and REO Property,
        less any related Swap Optional Termination Payment, shall be made available
        for
        distribution to the related Regular Certificates and Class IO Interests.
        The
        related Swap Optional Termination Payment shall be withdrawn by the Trustee
        from
        the Certificate Account and remitted to the related Supplemental Interest
        Trust
        to be paid in accordance with Section 4.09(ii). The 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.

       

      Written
        notice of any termination, specifying the Distribution Date upon which the
        related Certificateholders may surrender their Certificates to the Trustee
        for
        payment of the final distribution and cancellation, shall be given promptly
        by
        the Trustee by letter to the Certificateholders mailed (a) in the event such
        notice is given in connection with the Master Servicer's election to repurchase,
        not earlier than the 15th day and not later than the 25th day of the month
        next
        preceding the month of such final distribution or (b) otherwise during the
        month
        of such final distribution on or before the 15th day of the month (or if
        such
        15th day is not a Business Day, on the Business Day immediately preceding
        such
        15th day) in such month, in each case specifying (i) the Distribution Date
        upon
        which final payment of such Certificates will be made upon presentation and
        surrender of Certificates at the office of the Trustee therein designated,
        (ii)
        the amount of any such final payment and (iii) that the Record Date otherwise
        applicable to such Distribution Date is not applicable, payments being made
        only
        upon presentation and surrender of such Certificates at the office of the
        Trustee therein specified. In the event such notice is given in connection
        with
        the Master Servicer or its designee's election to repurchase, the Master
        Servicer or its designee shall deliver to the Trustee for deposit in the
        Certificate Account on the Business Day immediately preceding the Distribution
        Date specified in such notice an amount equal to the above-described repurchase
        price payable out of its own funds. Upon presentation and surrender of the
        related Certificates by the Certificateholders, the Trustee shall first,
        pay
        itself its fee for such Distribution Date (as described in Section 8.05 )
        and
        any other amounts owing to the Trustee under this Agreement, and second,
        distribute to such Certificateholders (i) the amount otherwise distributable
        on
        such Distribution Date, if not in connection with the Master Servicer's election
        to repurchase, or (ii) if the Master Servicer elected to so repurchase, an
        amount determined as follows: with respect to each related Regular Certificate,
        the outstanding Certificate Principal Balance thereof, plus with respect
        to each
        Regular Certificate (other than the related Class P Certificates) and the
        related Class IO Interest, one month's interest thereon at the applicable
        Pass-Through Rate, or otherwise distributable thereto, and any Unpaid Interest
        Shortfall Amount, plus with respect to each Subordinate Certificate, any
        unpaid
        Allocated Realized Loss Amount; with respect to the Class R Certificates,
        the
        Percentage Interest evidenced thereby multiplied by the difference, if any,
        between the above described repurchase price and the aggregate amount to
        be
        distributed to the Holders of the related Regular Certificates and the related
        Class IO Interest, subject to the priorities set forth in Section 4.01. Upon
        certification to the Trustee and the Custodian by a Servicing Officer, following
        such final deposit, the Custodian shall promptly release the Mortgage Files
        as
        directed by the Master Servicer for the remaining Mortgage Loans, and the
        Trustee shall execute all assignments, endorsements and other instruments
        required by the Master Servicer as being necessary to effectuate such
        transfer.

       

      In
        the
        event that all of the related
        Certificateholders
        shall not surrender their Certificates for cancellation within six months
        after
        the time specified in the above-mentioned notice, the Trustee shall give
        a
        second notice to the remaining related Certificateholders to surrender their
        Certificates for cancellation and receive the final distribution with respect
        thereto. If within six months after the second notice all of the related
        Certificates shall not have been surrendered for cancellation, the Trustee
        shall
        take reasonable steps as directed by the Depositor in writing, or appoint
        an
        agent to take reasonable steps, to contact the remaining related
        Certificateholders concerning surrender of their Certificates, and the cost
        thereof shall be paid out of the funds and other assets which remain subject
        hereto. If within nine months after the second notice all the Certificates
        shall
        not have been surrendered for cancellation, the Class R Certificateholders
        shall
        be entitled to all unclaimed funds and other assets which remain subject
        hereto.

       

      
        	Section
                9.02.  	
                Termination
                  of REMIC 4 and Retirement of Class R
                  Certificates.

              

      

       

      REMIC
        4
        shall be terminated on the earlier of (i) the date on which the last
        distribution due on each of the REMIC 4 Regular Interests and Class R
        Certificates (in respect of the Class R-4 Interest) is made and (ii) the
        date on
        which it is terminated pursuant to an optional repurchase of all of the Mortgage
        Loans in accordance with Section 9.03.
        Notwithstanding anything to the contrary herein, the Class R Certificates
        will
        not be retired until the retirement of all the other Certificates.

       

      
        	Section
                9.03.  	
                Additional
                  Termination Requirements.

              

      

       

      (a)  In
        the
        event the Master Servicer repurchases any Mortgage Loans or REO Property
        in a
        Loan Group as provided in Section 9.01, the Trust Fund shall be terminated
        in
        accordance with the following additional requirements, unless the Master
        Servicer, at its own expense, obtains for the Trustee an Opinion of Counsel
        to
        the effect that the failure of the Trust Fund to comply with the requirements
        of
        this Section 9.03 will not (i) result in the imposition on the Trust of taxes
        on
“prohibited transactions,” as described in Section 860F of the Code, or (ii)
        cause either REMIC 1, REMIC 2, REMIC 3 or REMIC 4 to fail to qualify as a
        REMIC
        at any time that any Certificate is outstanding:

       

      (i)  The
        Master Servicer shall establish a 90-day liquidation period and notify the
        Trustee in writing 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
        1,
        REMIC 2, REMIC 3 or REMIC 4, as the case may be, pursuant to Treasury Regulation
        Section 1.860F-1. The Master Servicer and the Trustee also shall satisfy
        all of
        the requirements of a qualified liquidation for REMIC 1, REMIC 2, REMIC 3
        or
        REMIC 4, as the case may be, under Section 860F of the Code and regulations
        thereunder, as evidenced by an Opinion of Counsel obtained at the expense
        of the
        Master Servicer, as applicable; 

       

      (ii)  During
        such 90-day liquidation period, and at or prior to the time of making the
        final
        payment on the related Certificates, the Trustee shall sell all of the assets
        of
        REMIC 1 or REMIC 2, as the case may be, for cash; and

       

      (iii) At
        the
        time of the making of the final payment on the related Certificates, the
        Trustee
        shall distribute or credit, or cause to be distributed or credited, to the
        Holders of the Class R Certificates, all cash on hand (other than cash retained
        to meet claims), and REMIC 1, REMIC 2, REMIC 3 or REMIC 4, as the case may
        be,
        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 the related
        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 Master Servicer and the receipt of the Opinion of Counsel
        referred to in clause (a)(i) above and to take such other action in connection
        therewith as may be reasonably requested by the Master Servicer.

       

      ARTICLE
        X

       

      REMIC
        PROVISIONS

       

      
        	Section
                10.01.  	
                REMIC
                  Administration.

              

      

       

      (a)  The
        Trustee shall make an election to treat the Trust Fund as four REMICs under
        the
        Code and, if necessary, under applicable state law. Each such election will
        be
        made on Form 1066 or other appropriate federal tax or information return
        (including Form 8811) or any appropriate state return for the taxable year
        ending on the last day of the calendar year in which the Certificates are
        issued. For the purposes of the REMIC elections in respect of the Trust Fund,
        (i) the Class R-1 Interest will constitute the sole class of Residual Interests
        in REMIC 1, the REMIC 1 Regular Interests shall be designated as the Regular
        Interests in REMIC 1 (ii) the Class R-2 Interest will constitute the sole
        class
        of Residual Interests in REMIC 2, the REMIC 2 Regular Interests shall be
        designated as the Regular Interests in REMIC 2, (iii) the Class R-3 Interest
        will constitute the sole class of Residual Interests in REMIC 3, the REMIC
        3
        Regular Interests shall be designated as the Regular Interests in REMIC 3,
        (iv)
        the Class R-4 Interest will constitute the sole class of Residual Interests
        in
        REMIC 4, and the REMIC 4 Regular Interests shall be designated as the Regular
        Interests in REMIC 4. The Master Servicer and the Trustee shall not permit
        the
        creation of any “interests” (within the meaning of Section 860G of the Code) in
        REMIC 1, REMIC 2, REMIC 3 or REMIC 4 other than the REMIC 1 Regular Interests,
        REMIC 2 Regular Interests, REMIC 3 Regular Interests, REMIC 4 Regular Interests,
        the Class R-1 Interest, the Class R-2 Interest, the Class R-3 Interest and
        the
        Class R-4 Interest. The Trustee will apply for an Employee Identification
        Number
        from the Internal Revenue Service via Form SS-4 or any other acceptable method
        for each of REMIC 1, REMIC 2, REMIC 3 and REMIC 4.

       

      (b)  The
        Closing Date is hereby designated as the “startup day” of the Trust Fund within
        the meaning of Section 860G(a)(9) of the Code.

       

      (c)  The
        Trustee shall pay out of its own funds, without any right of reimbursement,
        any
        and all expenses relating to any tax audit of the REMICs (including, but
        not
        limited to, any professional fees or any administrative or judicial proceedings
        with respect to the REMICs that involve the Internal Revenue Service or state
        tax authorities), other than the expense of obtaining any tax-related Opinion
        of
        Counsel except as specified herein. The Trustee, as agent for the REMICs'
        Tax
        Matters Person, shall (i) act on behalf of the REMICs in relation to any
        tax
        matter or controversy involving the Trust Fund and (ii) represent the Trust
        Fund
        in any administrative or judicial proceeding relating to an examination or
        audit
        by any governmental taxing authority with respect thereto. 

       

      (d)  The
        Trustee shall prepare, sign and file all of the Tax Returns (including Form
        8811, which must be filed within 30 days of the Closing Date) in respect
        of the
        REMICs created hereunder. The expenses of preparing and filing such returns
        shall be borne by the Trustee without any right of reimbursement therefor.
        The
        Master Servicer shall provide on a timely basis to the Trustee or its designee
        such information with respect to the assets of the REMICs as is in its
        possession and reasonably required by the Trustee to enable it to perform
        its
        obligations under this Article X.

       

      (e)  The
        Trustee shall perform on behalf of the REMICs all reporting and other tax
        compliance duties that are the responsibility of the REMICs 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, as
        required by the Code, the REMIC Provisions or other such compliance guidance,
        the Trustee shall provide (i) to any Transferor of a Class R Certificate
        such
        information as is necessary for the application of any tax relating to the
        transfer of a Class R Certificate to any Person who is not a Permitted
        Transferee, (ii) to the Certificateholders such information or reports as
        are
        required by the Code or the REMIC Provisions including reports relating to
        interest, original issue discount and market discount or premium (using the
        Prepayment Assumption as required) and (iii) to the Internal Revenue Service
        the
        name, title, address and telephone number of the Person who will serve as
        the
        representative of the REMICs. The Master Servicer shall provide on a timely
        basis to the Trustee such information with respect to the assets of the REMICs,
        including, without limitation, the related Mortgage Loans, as is in its
        possession and reasonably required by the Trustee to enable it to perform
        its
        obligations under this subsection. In addition, the Depositor shall provide
        or
        cause to be provided to the Trustee, within ten (10) days after the Closing
        Date, all information or data that the Trustee reasonably determines to be
        relevant for tax purposes as to the valuations and issue prices of the
        Certificates, including, without limitation, the price, yield, Prepayment
        Assumption and projected cash flow of the Certificates.

       

      (f)  The
        Trustee shall take such action and shall cause the REMICs created hereunder
        to
        take such action as shall be necessary to create or maintain the status thereof
        as REMICs under the REMIC Provisions (and the Master Servicer shall assist
        it,
        to the extent reasonably requested by it). The Trustee shall not take any
        action
        or cause the Trust Fund 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 the REMIC 1, REMIC 2,
        REMIC
        3 or REMIC 4 as REMICs or (ii) result in the imposition of a tax upon the
        REMICs
        (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) (either such event, an “Adverse REMIC Event”)
        unless the Trustee has received an Opinion of Counsel, addressed to the Trustee
        (at the expense of the party seeking to take or not take such action, but
        in no
        event at the expense of the Trustee) to the effect that the contemplated
        action
        or omission will not, with respect to the REMICs created hereunder, endanger
        such status or result in the imposition of such a tax; nor shall the Master
        Servicer take, or fail to take, any action (whether or not authorized hereunder)
        as to which the Trustee has advised it in writing that it has received an
        Opinion of Counsel to the effect that an Adverse REMIC Event could occur
        with
        respect to the taking, or omission of, such action. In addition, prior to
        taking, or failing to take, any action with respect to the REMICs or the
        assets
        of the REMICs, or causing, or failing to cause, the REMICs to take any action,
        which is not contemplated under the terms of this Agreement, the Master Servicer
        will consult with the Trustee or its designee, in writing, with respect to
        whether the taking, or omission of, such action could cause an Adverse REMIC
        Event to occur with respect to any REMIC, and the Master Servicer shall not
        take, or fail to take, any such action, or cause, or fail to cause, any REMIC
        to
        take, any such action as to which the Trustee has advised it in writing that
        an
        Adverse REMIC Event could occur. The Trustee may consult with counsel to
        provide
        such written advice, and the cost of same shall be borne by the party seeking
        to
        take or not take the action other than as permitted by this Agreement, but
        in no
        event shall such cost be an expense of the Trustee. At all times as may be
        required by the Code, the Trustee will ensure that substantially all of the
        assets of the REMICs created hereunder will consist of “qualified mortgages” as
        defined in Section 860G(a)(3) of the Code and “permitted investments” as defined
        in Section 860G(a)(5) of the Code.

       

      (g)  In
        the
        event that any tax is imposed on “prohibited transactions” of any REMIC created
        hereunder as defined in Section 860F(a)(2) of the Code, on the “net income from
        foreclosure property” of any REMIC as defined in Section 860G(c) of the Code, on
        any contributions to any REMIC after the Startup Day therefor pursuant to
        Section 860G(d) of the Code, or any other tax is imposed by the Code or any
        applicable provisions of state or local tax laws, such tax shall be charged
        (i)
        to the Trustee pursuant to Section 10.03 hereof, if such tax arises out of
        or
        results from a breach by the Trustee of any of its obligations under this
        Article X, (ii) to the Master Servicer pursuant to Section 10.03 hereof,
        if such
        tax arises out of or results from a breach by the Master Servicer of any
        of its
        obligations under Article III or this Article X or otherwise, (iii) to the
        Master Servicer as provided in Section 3.05 and (iv) against amounts related
        to
        such REMIC and the Loan Group to which such REMIC relates on deposit in the
        Certificate Account and shall be paid by withdrawal therefrom to the extent
        not
        required to be paid by the Master Servicer or the Trustee pursuant to another
        provision of this Agreement.

       

      (h)  On
        or
        before April 15 of each calendar year, commencing April 15, 2006, the Trustee
        shall deliver to the Master Servicer and the Rating Agency a Certificate
        from a
        Responsible Officer of the Trustee stating the Trustee’s compliance with this
        Article X.

       

      (i)  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.

       

      (j)  Following
        the Startup Day, the Trustee shall not accept any contributions of assets
        to the
        REMICs other than in connection with any Qualified Substitute Mortgage Loan
        delivered in accordance with Section 2.04 unless it shall have received an
        Opinion of Counsel to the effect that the inclusion of such assets in the
        REMICs
        will not cause REMIC 1, REMIC 2, REMIC 3 or REMIC 4 to fail to qualify as
        REMICs
        at any time that any Certificates are outstanding or subject any of REMIC
        1,
        REMIC 2, REMIC 3 or REMIC 4 to any tax under the REMIC Provisions or other
        applicable provisions of federal, state and local law or
        ordinances.

       

      (k)  Neither
        the Trustee nor the Master Servicer shall enter into any arrangement under
        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.

       

      
        	Section
                10.02.  	
                Prohibited
                  Transactions and Activities.

              

      

       

      None
        of
        the Depositor, the Master Servicer or the Trustee shall (1) sell, dispose
        of, or
        substitute any property for any of, the Mortgage Loans (except in connection
        with (i) the foreclosure of a Mortgage Loan, including but not limited to,
        the
        acquisition or sale of a Mortgaged Property acquired by deed in lieu of
        foreclosure, (ii) the bankruptcy of the Trust Fund, (iii) the termination
        of
        REMIC 1, REMIC 2, REMIC 3 or REMIC 4 pursuant to Article IX of this Agreement,
        (iv) a substitution pursuant to Article II of this Agreement or (v) a purchase
        of Mortgage Loans pursuant to Article II or III of this Agreement), (2) acquire
        any assets for the Trust Fund (other than REO Property acquired in respect
        of a
        defaulted Mortgage Loan), (3) sell or dispose of any investments in the
        Custodial Account or the Certificate Account for gain, (4) accept any
        contributions to the REMICs after the Closing Date (other than a Qualified
        Substitute Mortgage Loan delivered in accordance with Section 2.04), in each
        case, unless it has received an Opinion of Counsel, addressed to the Trustee
        (at
        the expense of the party seeking to cause such sale, disposition, substitution,
        acquisition or contribution, but in no event at the expense of the Trustee)
        that
        such sale, disposition, substitution, acquisition or contribution will not
        (a)
        affect adversely the status of REMIC 1, REMIC 2, REMIC 3 or REMIC 4 as REMICs
        or
        (b) cause the Trust Fund to be subject to a tax on “prohibited transactions” or
“contributions” pursuant to the REMIC Provisions.

       

      
        	Section
                10.03.  	
                Master
                  Servicer and Trustee
                  Indemnification.

              

      

       

      (a)  The
        Trustee agrees to indemnify the Trust Fund, the Depositor, and the Master
        Servicer for any taxes and costs including, without limitation, any reasonable
        attorneys' fees imposed on or incurred by the Trust Fund, the Depositor or
        the
        Master Servicer, as a result of a breach of the Trustee’s covenants set forth in
        this Article X.

       

      (b)  The
        Master Servicer agrees to indemnify the Trust Fund, the Depositor and the
        Trustee for any taxes and costs including, without limitation, any reasonable
        attorneys' fees imposed on or incurred by the Trust Fund, the Depositor or
        the
        Trustee, as a result of a breach of the Master Servicer's covenants set forth
        in
        Article III or this Article X, in each case with respect to compliance with
        the
        REMIC Provisions.

       

      ARTICLE
        XI

       

      MISCELLANEOUS
        PROVISIONS

       

      
        	Section
                11.01.  	
                Amendment.

              

      

       

      This
        Agreement may be amended from time to time by the Depositor, the Master Servicer
        and the Trustee, without the consent of any of the Certificateholders or
        the
        Swap Provider, (i) to cure any ambiguity, (ii) to correct or supplement any
        provisions herein which may be defective or inconsistent with any other
        provisions herein or to correct any error, (iii) to amend this Agreement
        in any
        respect subject to the provisions in clauses (A) and (B) below, or (iv) if
        such
        amendment, as evidenced by an Opinion of Counsel (provided by the Person
        requesting such amendment) delivered to the Trustee, is reasonably necessary
        to
        comply with any requirements imposed by the Code or any successor or amendatory
        statute or any temporary or final regulation, revenue ruling, revenue procedure
        or other written official announcement or interpretation relating to federal
        income tax laws or any proposed such action which, if made effective, would
        apply retroactively to the Trust Fund at least from the effective date of
        such
        amendment; provided
        that
        such action (except any amendment described in (iv) above) shall not adversely
        affect in any material respect the interests of any Certificateholder (other
        than Certificateholders who shall consent to such amendment), as evidenced
        by
        (A) an Opinion of Counsel (provided by the Person requesting such amendment)
        delivered to the Trustee, and (B) a letter from each Rating Agency, confirming
        that such amendment shall not cause it to lower its rating on any of the
        Certificates. Any such amendment to the Agreement shall not be effective
        unless
        the Master Servicer has delivered to the Trustee an Officer's Certificate
        stating that the Master Servicer, after consultation with its accountants,
        does
        not believe that the amendment will result in the Trust failing to qualify
        as a
        "qualifying special-purpose entity" as defined in Statement of Financial
        Accounting Standards Number 140.

       

      This
        Agreement may also be amended from time to time by the Depositor, the Master
        Servicer and the Trustee and Holders of Certificates entitled to at least
        66-2/3% of the Voting Rights 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,
        however,
        that no
        such amendment shall (i) reduce in any manner the amount of, or delay the
        timing
        of, payments received on Mortgage Loans which are required to be distributed
        on
        any Certificate without the consent of the Holder of such Certificate, (ii)
        adversely affect in any material respect the interests of the Holders of
        any
        Class of Certificates in a manner other than as described in (i), without
        the
        consent of the Holders of Certificates of such Class evidencing at least
        66-2/3%
        of the Voting Rights of such Class, or (iii) reduce the aforesaid percentage
        of
        Certificates the Holders of which are required to consent to any such amendment,
        without the consent of the Holders of all Certificates then outstanding.
        Notwithstanding any other provision of this Agreement, for purposes of the
        giving or withholding of consents pursuant to this Section 11.01, Certificates
        registered in the name of the Sponsor or the Master Servicer or any affiliate
        thereof shall be entitled to Voting Rights with respect to matters described
        in
        (i), (ii) and (iii) of this paragraph.

       

      Notwithstanding
        any contrary provision of this Agreement, the Trustee shall not consent to
        any
        amendment to this Agreement unless they shall have first received an Opinion
        of
        Counsel (provided by the Person requesting such amendment) to the effect
        that
        such amendment will not result in the imposition of any tax on any of REMIC
        1,
        REMIC 2, REMIC 3 or REMIC 4 pursuant to the REMIC Provisions or cause any
        of
        REMIC 1, REMIC 2, REMIC 3 or REMIC 4 to fail to qualify as a REMIC at any
        time
        that any Certificates are outstanding.

       

      Promptly
        after the execution of any such amendment the Trustee shall furnish a copy
        of
        such amendment or a written statement describing the amendment to each
        Certificateholder, with a copy to the Rating Agencies and the Swap
        Providers.

       

      It
        shall
        not be necessary for the consent of Certificateholders under this Section
        11.01
        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.

       

      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 to the fourth
        paragraph of Section 4.01(a), Section 4.09 or Section 4.01(l)(v) or Section
        4.01(m)(v) of this Agreement without the prior written consent of the related
        Swap Provider, and shall not enter into an amendment that has a materially
        adverse effect on the related Swap Provider without the related Swap Provider’s
        consent.

       

      Prior
        to
        executing any amendment pursuant to this Section, the Trustee shall be entitled
        to receive an Opinion of Counsel (provided by the Person requesting such
        amendment) to the effect that such amendment is authorized or permitted by
        this
        Agreement. The cost of any Opinion of Counsel delivered pursuant to this
        Section
        11.01 shall be an expense of the party requesting such amendment, but in
        any
        case shall not be an expense of the Trustee.

       

      The
        Trustee may, but shall not be obligated to, enter into any amendment pursuant
        to
        this Section 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 Master Servicer at the
        expense of the Certificateholders, but only upon direction of the Depositor
        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 constitute but one and the same
        instrument.

       

      
        	Section
                11.03.  	
                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
        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 Fund,
        nor
        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 expressly provided
        for
        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 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 notice of an Event of Default, or of a default
        by
        the Sponsor or the Trustee in the performance of any obligation hereunder,
        and
        of the continuance thereof, as hereinbefore provided, and unless also the
        Holders of Certificates entitled to at least 51% 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 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
        is
        understood and intended, and expressly covenanted by each Certificateholder
        with
        every other Certificateholder, 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, 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, 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.

              

      

       

      This
        Agreement and the Certificates 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.

       

      
        	Section
                11.05.  	
                Notices.

              

      

       

      All
        demands, notices and direction hereunder shall be in writing and shall be
        deemed
        effective upon receipt when delivered to (a) in the case of the Depositor,
        1401
        Dove Street, Newport Beach, California 92660, Attention: General Counsel,
        or
        such other address as may hereafter be furnished to the other parties hereto
        in
        writing; (b) in the case of Impac Funding, 1401 Dove Avenue, Newport Beach,
        California 92660, Attention: General Counsel, or such other address as may
        hereafter be furnished to the other parties hereto in writing; (c) in the
        case
        of the Trustee, to its Corporate Trust Offices, or such other address as
        may
        hereafter be furnished to the other parties hereto in writing; (d) in the
        case
        of the Rating Agencies, Standard & Poor’s, 55 Water Street, 41st
        Floor,
        New York, NY 10041, Attention: Asset Backed Surveillance Department; and
        Moody’s, Moody’s Investors Service, Inc., Residential Mortgage Monitoring
        Department, 99 Church Street, New York, New York 10007; or (e) in the case
        of
        the Swap Providers, Wachovia Bank, N.A., 301 South College Street, DC-8,
        Charlotte, NC 28202-0600, Attention: Bruce M. Young. 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. 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.  	
                Successors
                  and Assigns.

              

      

       

      The
        provisions of this Agreement shall be binding upon and inure to the benefit
        of
        the respective successors and assigns of the parties hereto, and all such
        provisions shall inure to the benefit of the Trustee and the
        Certificateholders.

       

      
        	Section
                11.08.  	
                Article
                  and Section Headings.

              

      

       

      The
        article and Section headings herein are for convenience of reference only,
        and
        shall not limit or otherwise affect the meaning hereof.

       

      
        	Section
                11.09.  	
                Notice
                  to Rating Agencies.

              

      

       

      The
        Trustee shall use its best efforts to promptly provide notice to each Rating
        Agency referred to below with respect to each of the following of which it
        has
        actual knowledge:

       

      1.  Any
        material change or amendment to this Agreement;

       

      2.  The
        occurrence of any Event of Default that has not been cured;

       

      3.  The
        resignation or termination of the Master Servicer or the Trustee;

       

      4.  The
        repurchase or substitution of Mortgage Loans pursuant to Section
        2.04;

       

      5.  The
        final
        payment to Certificateholders; and

       

      6.  Any
        change in the location of the Custodial Account or the Certificate
        Account.

       

      In
        addition, the Trustee shall promptly furnish to each Rating Agency copies
        of
        each report to Certificateholders described in Section 4.02; and the Master
        Servicer shall promptly furnish to each Rating Agency copies of each annual
        independent public accountants' servicing report received as described in
        Section 3.20.

       

      Any
        such
        notice pursuant to this Section 11.09 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) in the case of Standard
        & Poor's, 55 Water Street, 41st
        Floor,
        New York, New York 10041, Attention: Asset Backed Surveillance Department
        and
        (ii) in the case of Moody's, Residential Mortgage Monitoring Department,
        99
        Church Street, New York, New York 10007, or, in each case, such other address
        as
        either such Rating Agency may designate in writing to the parties
        thereto.

       

      
        	Section
                11.10.  	
                Third
                  Party Rights.

              

      

       

      Each
        of
        the Swap Providers shall be a third-party beneficiary of this Agreement to
        the
        same extent as if it was a party hereto, and shall have the right to enforce
        the
        provisions of this Agreement.

      

      Each
        of
        the Depositor, Trustee and Master Servicer acknowledge that Midland Loan
        Services, Inc., as a Sub-Servicer for the Master Servicer, is an intended
        third-party beneficiary of this Agreement in respect of its right to be
        reimbursed for any Advance or Servicing Advance and may directly enforce
        such
        right.

      

      

      IN
        WITNESS WHEREOF, the Depositor, the Master 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.

       

      IMPAC
        SECURED ASSETS CORP.,

      Depositor

       

      By:  /S/
        Gretchen Verdugo

      Name:
         Gretchen
        Verdugo

      Title: EVP,
        CFO

       

      IMPAC
        FUNDING CORPORATION,

      Master
        Servicer

       

      By:  /S/
        Nancy Pollard

      Name:
         Nancy
        Pollard

      Title:
        EVP

       

      DEUTSCHE
        BANK NATIONAL TRUST COMPANY,

      Trustee

       

      By:  /S/
        Marion Hogan

      Name:
         Marion
        Hogan

      Title:
        Associate

       

      By:  /S/
        Barbara Campbell

      Name:
         Barbara
        Campbell

      Title:
        Vice President

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      

        
          	
                  STATE
                    OF CALIFORNIA

                	
                  )

                
	 	
                  )
                    ss.:

                
	
                  COUNTY
                    OF ORANGE

                	
                  )

                

        

         

      

      On
        the
        29th day of June, 2006, before me, a notary public in and for said State,
        personally appeared Gretchen Verdugo, known to me to be the Chief Financial
        Officer of Impac Secured Assets Corp., one of the corporations 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.

       

      /S/
        Julia Williams

      Notary
        Public

       

      [Notarial
        Seal]

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
        
          	
                  STATE
                    OF CALIFORNIA

                	
                  )

                
	 	
                  )
                    ss.:

                
	
                  COUNTY
                    OF ORANGE

                	
                  )

                

        

         

      

      On
        the
        29th day of June, 2006, before me, a notary public in and for said State,
        personally appeared Nancy Pollard, known to me to be an Executive Vice President
        of Impac Funding 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
        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.

       

      /S/
        Julia Williams 

      Notary
        Public

       

      [Notarial
        Seal]

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
        
          	
                  STATE
                    OF CALIFORNIA

                	
                  )

                
	 	
                  )
                    ss.:

                
	
                  COUNTY
                    OF NEW YORK

                	
                  )

                

        

         

      

      On
        the
        29th day of June, 2006, before me, a notary public in and for said State,
        personally appeared Marion Hogan, known to me to be an Associate 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 entity, 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.

       

      _/S/
        Diana Nguyen

      Notary
        Public

       

      [Notarial
        Seal]

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

        
          
            	
                    STATE
                      OF CALIFORNIA

                  	
                    )

                  
	 	
                    )
                      ss.:

                  
	
                    COUNTY
                      OF NEW YORK

                  	
                    )

                  

          

           

        

      

      On
        the
        29th day of June, 2006, before me, a notary public in and for said State,
        personally appeared Barbara Campbell, known to me to be a Vice President
        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 entity, 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.

       

      _/S/
        Diana Nguyen

      Notary
        Public

       

      [Notarial
        Seal]

      
 

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    

      EXHIBIT
        A

       

      FORM
        OF
        CLASS [ ]-A-[ ] 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”).

       

      THIS
        CERTIFICATE SHALL INITIALLY BE ISSUED AS ONE OR MORE CERTIFICATES REGISTERED
        IN
        THE NAME OF THE DEPOSITORY OR ITS NOMINEE AND, EXCEPT AS PROVIDED BELOW,
        REGISTRATION OF SUCH CERTIFICATES MAY NOT BE TRANSFERRED BY THE TRUSTEE EXCEPT
        TO ANOTHER DEPOSITORY THAT AGREES TO HOLD SUCH CERTIFICATES FOR THE RESPECTIVE
        CERTIFICATE OWNERS WITH OWNERSHIP INTERESTS THEREIN. THE CERTIFICATE OWNERS
        SHALL HOLD THEIR RESPECTIVE OWNERSHIP INTERESTS IN AND TO EACH OF SUCH
        BOOK-ENTRY CERTIFICATES THROUGH THE BOOK-ENTRY FACILITIES OF THE DEPOSITORY
        AND,
        EXCEPT AS PROVIDED BELOW, SHALL NOT BE ENTITLED TO DEFINITIVE CERTIFICATES
        IN
        RESPECT OF SUCH OWNERSHIP INTERESTS. ALL TRANSFERS BY CERTIFICATE OWNERS
        OF
        THEIR RESPECTIVE OWNERSHIP IN THE BOOK-ENTRY CERTIFICATES SHALL BE MADE IN
        ACCORDANCE WITH THE PROCEDURES ESTABLISHED BY THE DEPOSITORY PARTICIPANT
        OR
        BROKERAGE FIRM REPRESENTING SUCH CERTIFICATE OWNER. EACH DEPOSITORY PARTICIPANT
        SHALL TRANSFER THE OWNERSHIP INTERESTS ONLY IN THE 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. THE TRUSTEE
        SHALL
        NOT BE REQUIRED TO MONITOR, DETERMINE OR INQUIRE AS TO COMPLIANCE WITH THE
        TRANSFER RESTRICTIONS WITH RESPECT TO THE BOOK-ENTRY CERTIFICATES, AND THE
        TRUSTEE SHALL HAVE NO LIABILITY FOR TRANSFERS OF OWNERSHIP INTERESTS IN THE
        BOOK-ENTRY CERTIFICATES MADE THROUGH THE BOOK-ENTRY FACILITIES OF THE DEPOSITORY
        OR BETWEEN OR AMONG DEPOSITORY PARTICIPANTS OR CERTIFICATE OWNERS, MADE IN
        VIOLATION OF THE APPLICABLE RESTRICTIONS.

       

      PRIOR
        TO THE TERMINATION OF THE SUPPLEMENTAL INTEREST TRUST, ANY TRANSFEREE SHALL
        BE
        DEEMED TO HAVE MADE THE REPRESENTATIONS IN SECTION 5.02(c) OF THE POOLING
        AND
        SERVICING AGREEMENT.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      
        	
                Certificate
                  No. 1

              	
                Adjustable
                  Pass-Through Rate

              
	 	 
	
                Class
                  [ ]-A-[ ] Senior

              	 
	 	 
	
                Date
                  of Pooling and Servicing Agreement and Cut-off Date: June 1,
                  2006

              	
                Percentage
                  Interest: [_]%

              
	 	 
	
                First
                  Distribution Date: July 25, 2006

              	
                Aggregate
                  Initial [Certificate Principal] [Notional] Balance of the Class
                  [ ]-A-[ ]
                  Certificates: $[_____________]

              
	 	 
	
                Master
                  Servicer:

              	
                Initial
                  [Certificate Principal] [Notional]

                 

              
	
                Impac
                  Funding Corporation

              	
                Balance
                  of this Certificate:

              
	 	
                $[____________]

              
	 	 
	
                Assumed
                  Final

              	
                CUSIP:
                  [_________]

              
	
                Distribution
                  Date: August 25, 2036

              	 

      

      

      MORTGAGE
        PASS-THROUGH CERTIFICATE

      SERIES
        2006-2

       

      evidencing
        a percentage interest in the distributions allocable to the Class [ ]-A-[
        ]
        Certificates with respect to a Trust Fund consisting primarily of a pool
        of
        conforming one- to four-family adjustable-rate and fixed rate first and second
        lien mortgage loans and adjustable-rate first lien multifamily mortgage loans
        formed and sold by IMPAC SECURED ASSETS CORP.

       

      This
        Certificate is payable solely from the assets of the Trust Fund, and does
        not
        represent an obligation of or interest in Impac Secured Assets Corp., the
        Master
        Servicer, the Trustee referred to below or any of their affiliates. Neither
        this
        Certificate nor the underlying Mortgage Loans are guaranteed or insured by
        any
        governmental agency or instrumentality or by Impac Secured Assets Corp.,
        the
        Master Servicer, the Trustee or any of their affiliates. None of the Company,
        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 by this Certificate (obtained by dividing the Initial Certificate
        Principal Balance of this Certificate by the aggregate Initial Certificate
        Principal Balance of all Class [ ]-A-[ ] Certificates, both as specified
        above)
        in certain distributions with respect to the Trust Fund consisting primarily
        of
        an interest in a pool of conforming one- to four-family adjustable-rate and
        fixed rate first and second lien mortgage loans and adjustable-rate first
        lien
        multifamily mortgage loans (the “Mortgage Loans”), formed and sold by Impac
        Secured Assets Corp. (hereinafter called the “Company,” which term includes any
        successor entity under the Agreement referred to below). The Trust Fund was
        created pursuant to a Pooling and Servicing Agreement dated as specified
        above
        (the “Agreement”) among the Company, the Master Servicer and Deutsche Bank
        National Trust Company, as trustee (the “Trustee”), a summary of certain of the
        pertinent provisions of which is set forth hereafter. 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.

       

      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, the Business Day
        immediately following (the "Distribution Date”), commencing as described in the
        Agreement, to the Person in whose name this Certificate is registered on
        the
        Business Day immediately preceding such Distribution Date (the “Record Date”),
        from the Available Funds in 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 Holders of Class [ ]-A-[ ] Certificates
        on
        such Distribution Date.

       

      Distributions
        on this Certificate will be made either by the Trustee or by a Paying Agent
        appointed by the Trustee either in immediately available funds (by wire transfer
        or otherwise) for the account of the Person entitled thereto if such Person
        shall have so notified the Trustee or such Paying Agent at least 5 Business
        Days
        prior to the related Record Date, or by check mailed to the address of the
        Person entitled thereto, as such name and address shall appear on the
        Certificate Register.

       

      Notwithstanding
        the above, the final distribution on this Certificate will be made after
        due
        notice 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 in the City and State of New York. 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.

       

      This
        Certificate is one of a duly authorized issue of Certificates issued in several
        Classes designated as Mortgage Pass-Through Certificates of the Series specified
        hereon (herein collectively called the “Certificates”).

       

      The
        Certificates are limited in right of payment to certain collections and
        recoveries respecting the Mortgage Loans, all as more specifically set forth
        herein and in the Agreement. In the event Master Servicer funds are advanced
        with respect to any Mortgage Loan, such advance is reimbursable to the Master
        Servicer, to the extent provided in the Agreement, from related recoveries
        on
        such Mortgage Loan or from other cash that would have been distributable
        to
        Certificateholders.

       

      As
        provided in the Agreement, withdrawals from the Custodial Account and/or
        the
        Certificate Account created for the benefit of Certificateholders may be
        made by
        the Master Servicer from time to time for purposes other than distributions
        to
        Certificateholders, such purposes including without limitation reimbursement
        to
        the Trustee, the Company and the Master Servicer of advances made, or certain
        expenses incurred, by either of them.

       

      The
        Agreement permits, with certain exceptions therein provided, the amendment
        of
        the Agreement and the modification of the rights and obligations of the Company,
        the Master Servicer and the Trustee and the rights of the Certificateholders
        under the Agreement at any time by the Company, the Master Servicer and the
        Trustee with the consent of the Holders of Certificates evidencing in the
        aggregate not less than 66-2/3% of the Percentage Interests of each Class
        of
        Certificates affected thereby. 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 herefor or in lieu hereof whether or not notation of
        such
        consent is made upon the Certificate. The Agreement also permits the amendment
        thereof in certain circumstances without the consent of the Holders of any
        of
        the Certificates and, in certain additional circumstances, without the consent
        of the Holders of certain Classes of Certificates.

       

      Prior
        to
        the termination of the Supplemental Interest Trust, any transferee shall
        be
        deemed to have made the representations in Section 5.02(c) of the
        Agreement.

       

      As
        provided in the Agreement and subject to certain limitations therein set
        forth,
        the transfer of this Certificate is registrable in the Certificate Register
        upon
        surrender of this Certificate for registration of transfer at the offices
        or
        agencies appointed by the Trustee, duly endorsed by, or accompanied by an
        assignment in the form below or other 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 authorized denominations evidencing
        the same Class and aggregate Percentage Interest will be issued to the
        designated transferee or transferees.

       

      The
        Certificates are issuable only as registered Certificates without coupons
        in
        Classes and 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 authorized denominations evidencing
        the
        same Class and 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
        Company, the Master Servicer, the Trustee and the Certificate Registrar and
        any
        agent of the Company, the Master Servicer, the Trustee or the Certificate
        Registrar may treat the Person in whose name this Certificate is registered
        as
        the owner hereof for all purposes, and neither the Company, the Master Servicer,
        the Trustee nor any such agent shall be affected by notice to the
        contrary.

       

      This
        Certificate shall be governed by and construed in accordance with the laws
        of
        the State of New York.

       

      The
        Group
        1 Certificates are subject to termination in whole, but not in part, by the
        Master Servicer, on or after the Distribution Date on which the aggregate
        Stated
        Principal Balance of the Group 1 Mortgage Loans as of the end of the related
        Due
        Period is less than or equal to 10% of the aggregate Stated Principal Balance
        of
        the Group 1 Mortgage Loans as of the Cut off Date. The Group 2 Certificates
        are
        subject to termination in whole, but not in part, by the Master Servicer,
        on or
        after the Distribution Date on which the aggregate Stated Principal Balance
        of
        the Group 2 Mortgage Loans as of the end of the related Due Period is less
        than
        or equal to 10% of the aggregate Stated Principal Balance of the Group 2
        Mortgage Loans as of the Cut off Date.

       

      Unless
        the certificate of authentication hereon has been executed by 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:
        June 29, 2006    

       

      

        
          	 	
                  
                    DEUTSCHE
                      BANK NATIONAL TRUST COMPANY,

                    as
                      Trustee

                  

                
	 	 	 
	 	
                  By:

                	 
	 	
                  
                    Authorized
                      Signatory

                  

                

        

      

       

       

      CERTIFICATE
        OF AUTHENTICATION

       

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

       

      
        

          
            	 	
                    
                      DEUTSCHE
                        BANK NATIONAL TRUST COMPANY,

                      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 Mortgage Pass-Through 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                                 ,
        the
        assignee named above, or                           ,
        as its
        agent.

      
 

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      EXHIBIT
        B-1

       

      FORM
        OF
        CLASS [ ]-M-[ ] CERTIFICATE

       

      THIS
        CERTIFICATE IS SUBORDINATED IN RIGHT OF PAYMENT TO THE SENIOR CERTIFICATES[,
        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 SHALL INITIALLY BE ISSUED AS ONE OR MORE CERTIFICATES REGISTERED
        IN
        THE NAME OF THE DEPOSITORY OR ITS NOMINEE AND, EXCEPT AS PROVIDED BELOW,
        REGISTRATION OF SUCH CERTIFICATES MAY NOT BE TRANSFERRED BY THE TRUSTEE EXCEPT
        TO ANOTHER DEPOSITORY THAT AGREES TO HOLD SUCH CERTIFICATES FOR THE RESPECTIVE
        CERTIFICATE OWNERS WITH OWNERSHIP INTERESTS THEREIN. THE CERTIFICATE OWNERS
        SHALL HOLD THEIR RESPECTIVE OWNERSHIP INTERESTS IN AND TO EACH OF SUCH
        BOOK-ENTRY CERTIFICATES THROUGH THE BOOK-ENTRY FACILITIES OF THE DEPOSITORY
        AND,
        EXCEPT AS PROVIDED BELOW, SHALL NOT BE ENTITLED TO DEFINITIVE CERTIFICATES
        IN
        RESPECT OF SUCH OWNERSHIP INTERESTS. ALL TRANSFERS BY CERTIFICATE OWNERS
        OF
        THEIR RESPECTIVE OWNERSHIP IN THE BOOK-ENTRY CERTIFICATES SHALL BE MADE IN
        ACCORDANCE WITH THE PROCEDURES ESTABLISHED BY THE DEPOSITORY PARTICIPANT
        OR
        BROKERAGE FIRM REPRESENTING SUCH CERTIFICATE OWNER. EACH DEPOSITORY PARTICIPANT
        SHALL TRANSFER THE OWNERSHIP INTERESTS ONLY IN THE 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. THE TRUSTEE
        SHALL
        NOT BE REQUIRED TO MONITOR, DETERMINE OR INQUIRE AS TO COMPLIANCE WITH THE
        TRANSFER RESTRICTIONS WITH RESPECT TO THE BOOK-ENTRY CERTIFICATES, AND THE
        TRUSTEE SHALL HAVE NO LIABILITY FOR TRANSFERS OF OWNERSHIP INTERESTS IN THE
        BOOK-ENTRY CERTIFICATES MADE THROUGH THE BOOK-ENTRY FACILITIES OF THE DEPOSITORY
        OR BETWEEN OR AMONG DEPOSITORY PARTICIPANTS OR CERTIFICATE OWNERS, MADE IN
        VIOLATION OF THE APPLICABLE RESTRICTIONS.

       

      ANY
        TRANSFEREE SHALL BE DEEMED TO HAVE MADE THE REPRESENTATION SET FORTH IN SECTION
        5.02(c) OF THE POOLING AND SERVICING AGREEMENT.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
 

      
        
          
            	
                    Certificate
                      No. 1

                  	 	
                    Variable
                      Pass-Through Rate

                  
	 	 	 
	
                    Class
                      [ ]-M-[ ]

                  	 	
                    Aggregate
                      Initial Certificate Principal

                  
	
                     

                  	 	
                    Balance
                      of the Class [ ]-M-[ ] Certificates:

                  
	
                     

                  	 	
                    $[__________]

                  
	 	 	 
	
                    Date
                      of Pooling and Servicing

                  	 	
                    Initial
                      Certificate Principal Balance

                  
	
                    Agreement
                      and Cut-off Date:

                  	 	
                    of
                      this Certificate:

                  
	
                    June
                      1, 2006

                  	 	
                    $[__________]

                  
	 	 	 
	
                    First
                      Distribution Date:

                  	 	
                    CUSIP:
                      [__________]

                  
	
                    July
                      25, 2006

                  	 	 
	 	 	 
	
                    Master
                      Servicer:

                  	 	 
	
                    Impac
                      Funding Corporation

                  	 	 
	 	 	 
	
                    Assumed
                      Final Distribution Date:

                  	 	 
	
                    August
                      25, 2036

                  	 	 

          

        

        

      

       

      MORTGAGE
        PASS-THROUGH CERTIFICATE

      SERIES
        2006-2

       

      evidencing
        a percentage interest in any distributions allocable to the Class [ ]-M-[
        ]
        Certificates with respect to the Trust Fund consisting primarily of a pool
        of
        conforming one- to four-family adjustable-rate and fixed rate first and second
        lien mortgage loans and adjustable-rate first lien multifamily mortgage loans
        formed and sold by IMPAC SECURED ASSETS CORP.

       

      This
        Certificate is payable solely from the assets of the Trust Fund, and does
        not
        represent an obligation of or interest in Impac Secured Assets Corp., the
        Master
        Servicer, the Trustee referred to below or any of their affiliates. Neither
        this
        Certificate nor the underlying Mortgage Loans are guaranteed or insured by
        any
        governmental agency or instrumentality or by Impac Secured Assets Corp.,
        the
        Master Servicer, the Trustee or any of their affiliates. None of the Company,
        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 by this Certificate (obtained by dividing the Initial Certificate
        Principal Balance of this Certificate by the aggregate Initial Certificate
        Principal Balance of all Class [ ]-M-[ ] Certificates, both as specified
        above)
        in certain distributions with respect to a Trust Fund consisting primarily
        of a
        pool of conforming one- to four-family adjustable-rate and fixed rate first
        and
        second lien mortgage loans and adjustable-rate first lien multifamily mortgage
        loans (the “Mortgage Loans”), formed and sold by Impac Secured Assets Corp.
        (hereinafter called the “Company,” which term includes any successor entity
        under the Agreement referred to below). The Trust Fund was created pursuant
        to a
        Pooling and Servicing Agreement dated as specified above (the “Agreement”) among
        the Company, the Master Servicer and Deutsche Bank National Trust Company,
        as
        trustee (the “Trustee”), a summary of certain of the pertinent provisions of
        which is set forth hereafter. 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.

       

      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, the Business Day
        immediately following (the "Distribution Date”), commencing as described in the
        Agreement, to the Person in whose name this Certificate is registered on
        the
        Business Day immediately preceding such Distribution Date (the “Record Date”),
        from the Available Funds in 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 Holders of Class [ ]-M-[ ] Certificates
        on
        such Distribution Date.

       

      Distributions
        on this Certificate will be made either by the Trustee or by a Paying Agent
        appointed by the Trustee either in immediately available funds (by wire transfer
        or otherwise) for the account of the Person entitled thereto if such Person
        shall have so notified the Trustee or such Paying Agent at least 5 Business
        Days
        prior to the related Record Date, or by check mailed to the address of the
        Person entitled thereto, as such name and address shall appear on the
        Certificate Register.

       

      Notwithstanding
        the above, the final distribution on this Certificate will be made after
        due
        notice 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 in the City and State of New York. The Initial Certificate
        Principal Balance of this Certificate is set forth above. The Certificate
        Principal Balance hereof will be reduced to the extent of the distributions
        allocable to principal and any Realized Losses allocable hereto.

       

      This
        Certificate is one of a duly authorized issue of Certificates issued in several
        Classes designated as Mortgage Pass-Through Certificates of the Series specified
        hereon (herein collectively called the “Certificates”).

       

      The
        Certificates are limited in right of payment to certain collections and
        recoveries respecting the Mortgage Loans, all as more specifically set forth
        herein and in the Agreement. In the event Master Servicer funds are advanced
        with respect to any Mortgage Loan, such advance is reimbursable to the Master
        Servicer, to the extent provided in the Agreement, from related recoveries
        on
        such Mortgage Loan or from other cash that would have been distributable
        to
        Certificateholders.

       

      As
        provided in the Agreement, withdrawals from the Custodial Account and/or
        the
        Certificate Account created for the benefit of Certificateholders may be
        made by
        the Master Servicer from time to time for purposes other than distributions
        to
        Certificateholders, such purposes including without limitation reimbursement
        to
        the Trustee, the Company and the Master Servicer of advances made, or certain
        expenses incurred, by either of them.

       

      The
        Agreement permits, with certain exceptions therein provided, the amendment
        of
        the Agreement and the modification of the rights and obligations of the Company,
        the Master Servicer and the Trustee and the rights of the Certificateholders
        under the Agreement at any time by the Company, the Master Servicer and the
        Trustee with the consent of the Holders of Certificates evidencing in the
        aggregate not less than 66-2/3% of the Percentage Interests of each Class
        of
        Certificates affected thereby. 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 herefor or in lieu hereof whether or not notation of
        such
        consent is made upon the Certificate. The Agreement also permits the amendment
        thereof in certain circumstances without the consent of the Holders of any
        of
        the Certificates and, in certain additional circumstances, without the consent
        of the Holders of certain Classes of Certificates.

       

      Any
        transferee shall be deemed to have made the representation set forth in Section
        5.02(c) of the Agreement.

       

      No
        transfer of this Class [ ]-M-[ ] Certificate will be made unless such transfer
        is 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. In the event that such a transfer is to be made, (i) the
        Trustee shall require an opinion of counsel acceptable to and in form and
        substance satisfactory to the Trustee that such transfer is exempt (describing
        the applicable exemption and the basis therefor) from or is being made pursuant

        to the registration requirements of the Securities Act of 1933, as amended,
        and
        of any applicable statute of any state and (ii) the transferee and transferor
        shall execute a representation letter in the form described by the Agreement.
        The Holder hereof desiring to effect such transfer shall, and does hereby
        agree
        to, indemnify the Trustee, the Company, the Master Servicer and the Certificate
        Registrar acting on behalf of the Trustee 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. 

       

      As
        provided in the Agreement and subject to certain limitations therein set
        forth,
        the transfer of this Certificate is registrable in the Certificate Register
        upon
        surrender of this Certificate for registration of transfer at the offices
        or
        agencies appointed by the Trustee, duly endorsed by, or accompanied by an
        assignment in the form below or other 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 authorized denominations evidencing
        the same Class and aggregate Percentage Interest will be issued to the
        designated transferee or transferees.

       

      The
        Certificates are issuable only as registered Certificates without coupons
        in
        Classes and 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 authorized denominations evidencing
        the
        same Class and 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
        Company, the Master Servicer, the Trustee and the Certificate Registrar and
        any
        agent of the Company, the Master Servicer, the Trustee or the Certificate
        Registrar may treat the Person in whose name this Certificate is registered
        as
        the owner hereof for all purposes, and neither the Company, the Master Servicer,
        the Trustee nor any such agent shall be affected by notice to the
        contrary.

       

      This
        Certificate shall be governed by and construed in accordance with the laws
        of
        the State of New York.

       

      The
        Group
        1 Certificates are subject to termination in whole, but not in part, by the
        Master Servicer, on or after the Distribution Date on which the aggregate
        Stated
        Principal Balance of the Group 1 Mortgage Loans as of the end of the related
        Due
        Period is less than or equal to 10% of the aggregate Stated Principal Balance
        of
        the Group 1 Mortgage Loans as of the Cut off Date. The Group 2 Certificates
        are
        subject to termination in whole, but not in part, by the Master Servicer,
        on or
        after the Distribution Date on which the aggregate Stated Principal Balance
        of
        the Group 2 Mortgage Loans as of the end of the related Due Period is less
        than
        or equal to 10% of the aggregate Stated Principal Balance of the Group 2
        Mortgage Loans as of the Cut off Date.

       

      Unless
        the certificate of authentication hereon has been executed by 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:
          June 29, 2006    

         

        

          
            	 	
                    
                      DEUTSCHE
                        BANK NATIONAL TRUST COMPANY,

                      as
                        Trustee

                    

                  
	 	 	 
	 	
                    By:

                  	 
	 	
                    
                      Authorized
                        Signatory

                    

                  

          

        

         

         

        CERTIFICATE
          OF AUTHENTICATION

         

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

         

        
          

            
              	 	
                      
                        DEUTSCHE
                          BANK NATIONAL TRUST COMPANY,

                        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 Mortgage Pass-Through 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                                 ,
        the
        assignee named above, or                           ,
        as its
        agent.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      EXHIBIT
        B-2

       

      FORM
        OF
        CLASS C CERTIFICATES

       

      THIS
        CERTIFICATE IS SUBORDINATED IN RIGHT OF PAYMENT TO THE CLASS 1-A-1, CLASS
        1-M-1,
        CLASS 1-M-2, CLASS 1-M-3, CLASS 1-M-4, CLASS 1-M-5, CLASS 1-M-6, CLASS 1-M-7
        AND
        CLASS 1-M-8 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 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”), OR SECTION 4975 OF THE CODE SHALL BE MADE
        EXCEPT IN COMPLIANCE WITH THE PROCEDURES DESCRIBED HEREIN.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      
        	
                Certificate
                  No. 1

              	 
	
                Class
                  C-[ ]

              	
                Aggregate
                  Initial Notional Amount of the Class C-[ ]
                  Certificates:

              
	 	
                $_____________]

              
	 	 
	
                Date
                  of Pooling and Servicing

              	
                Initial
                  Notional Amount of this Certificate:

              
	
                Agreement:
                  June 1, 2006 and Cut-off Date: June 1, 2006

              	
                $[_____________]

              
	 	 
	
                First
                  Distribution Date:

              	
                Initial
                  Certificate Principal Balance

              
	 	 
	
                July
                  25, 2006

              	
                of
                  this Certificate $[_________]

              
	 	 
	
                Master
                  Servicer:

              	
                Percentage
                  Interest of this 

              
	
                Impac
                  Funding Corporation

              	
                Certificate:
                  [___]%

              
	 	 
	
                Assumed
                  Final Distribution Date:

              	
                CUSIP:
                  [_________]

              
	
                August
                  25, 2036

              	 

      

       

      MORTGAGE
        PASS-THROUGH CERTIFICATE

      SERIES
        2006-2

       

      evidencing
        percentage interest in the distributions allocable to the Class C-[ ]
        Certificates with respect to a Trust Fund consisting primarily of a pool
        of
        conforming one- to four- family adjustable-rate and fixed rate first and
        second
        lien mortgage loans and adjustable-rate first lien multifamily mortgage family
        formed and sold by IMPAC SECURED ASSETS CORP.

       

      This
        Certificate is payable solely from the assets of the Trust Fund, and does
        not
        represent an obligation of or interest in Impac Secured Assets Corp., the
        Master
        Servicer, the Trustee referred to below or any of their affiliates. Neither
        this
        Certificate nor the underlying Mortgage Loans are guaranteed or insured by
        any
        governmental agency or instrumentality or by Impac Secured Assets Corp.,
        the
        Master Servicer, the Trustee or any of their affiliates. None of the Company,
        the Master Servicer or any of their affiliates will have any obligation with
        respect to any certificate or other or obligation secured by or payable from
        payments on the Certificates.

       

      This
        certifies that Deutsche Bank National Trust Company is the registered owner
        of
        the Percentage Interest evidenced by this Class C Certificate (obtained by
        dividing the Original 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 Impac Secured Assets Corp. (the
        “Company”). The Trust was created pursuant to a Pooling and Servicing Agreement
        dated as of June 1, 2006 (the “Agreement”) among the Company, Impac Funding
        Corporation, as master servicer (the “Master Servicer”) and Deutsche Bank
        National Trust Company, 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.

       

      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, the Business Day
        immediately following (the “Distribution Date”), commencing as described in the
        Agreement, to the Person in whose name this Certificate is registered at
        the
        close of business on the last Business Day of the month immediately preceding
        the month of such Distribution Date (the “Record Date”), from the Available
        Distribution Amount in 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 Holders of Class C Certificates on such
        Distribution Date.

       

      Distributions
        on this Certificate will be made either by the Trustee or by a Paying Agent
        appointed by the Trustee either in immediately available funds (by wire transfer
        or otherwise) for the account of the Person entitled thereto if such Person
        shall have so notified the Trustee or such Paying Agent at least 5 Business
        Days
        prior to the related Record Date, or by check mailed to the address of the
        Person entitled thereto, as such name and address shall appear on the
        Certificate Register.

       

      Notwithstanding
        the above, the final distribution on this Certificate will be made after
        due
        notice 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 in the City and State of New York.

       

      This
        Certificate is one of a duly authorized issue of Certificates issued in several
        Classes designated as Mortgage Pass-Through Certificates of the Series specified
        hereon (herein collectively called the “Certificates”).

       

      The
        Certificates are limited in right of payment to certain collections and
        recoveries respecting the Mortgage Loans, all as more specifically set forth
        herein and in the Agreement. In the event Master Servicer funds are advanced
        with respect to any Mortgage Loan, such advance is reimbursable to the Master
        Servicer, to the extent provided in the Agreement, from related recoveries
        on
        such Mortgage Loan or from other cash that would have been distributable
        to
        Certificateholders.

       

      As
        provided in the Agreement, withdrawals from the Custodial Account and/or
        the
        Certificate Account created for the benefit of Certificateholders may be
        made by
        the Master Servicer from time to time for purposes other than distributions
        to
        Certificateholders, such purposes including without limitation reimbursement
        to
        the Trustee, the Company and the Master Servicer of advances made, or certain
        expenses incurred, by either of them.

       

      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 Company 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 Company
        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 Master Servicer or the Company; or there shall be delivered
        to the
        Trustee and the Company 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 Company 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(c) of the Agreement.

       

      The
        Agreement permits, with certain exceptions therein provided, the amendment
        of
        the Agreement and the modification of the rights and obligations of the Company,
        the Master Servicer and the Trustee and the rights of the Certificateholders
        under the Agreement at any time by the Company, the Master Servicer and the
        Trustee with the consent of the Holders of Certificates evidencing in the
        aggregate not less than 66-2/3% of the Percentage Interests of each Class
        of
        Certificates affected thereby. 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 herefor or in lieu hereof whether or not notation of
        such
        consent is made upon the Certificate. The Agreement also permits the amendment
        thereof in certain circumstances without the consent of the Holders of any
        of
        the Certificates and, in certain additional circumstances, without the consent
        of the Holders of certain Classes of 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
        upon
        surrender of this Certificate for registration of transfer at the offices
        or
        agencies appointed by the Trustee, duly endorsed by, or accompanied by an
        assignment in the form below or other 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 authorized denominations evidencing
        the same Class and aggregate Percentage Interest will be issued to the
        designated transferee or transferees.

       

      The
        Certificates are issuable only as registered Certificates without coupons
        in
        Classes and 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 authorized denominations evidencing
        the
        same Class and 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
        Company, the Master Servicer, the Trustee and the Certificate Registrar and
        any
        agent of the Company, the Master Servicer, the Trustee or the Certificate
        Registrar may treat the Person in whose name this Certificate is registered
        as
        the owner hereof for all purposes, and neither the Company, the Master Servicer,
        the Trustee nor any such agent shall be affected by notice to the
        contrary.

       

      This
        Certificate shall be governed by and construed in accordance with the laws
        of
        the State of New York.

       

      The
        Group
        1 Certificates are subject to termination in whole, but not in part, by the
        Master Servicer, on or after the Distribution Date on which the aggregate
        Stated
        Principal Balance of the Group 1 Mortgage Loans as of the end of the related
        Due
        Period is less than or equal to 10% of the aggregate Stated Principal Balance
        of
        the Group 1 Mortgage Loans as of the Cut-off Date. The Group 2 Certificates
        are
        subject to termination in whole, but not in part, by the Master Servicer,
        on or
        after the Distribution Date on which the aggregate Stated Principal Balance
        of
        the Group 2 Mortgage Loans as of the end of the related Due Period is less
        than
        or equal to 10% of the aggregate Stated Principal Balance of the Group 2
        Mortgage Loans as of the Cut-off Date.

       

      Unless
        the certificate of authentication hereon has been executed by 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:
            June 30, 2006    

           

          

            
              	 	
                      
                        DEUTSCHE
                          BANK NATIONAL TRUST COMPANY,

                        as
                          Trustee

                      

                    
	 	 	 
	 	
                      By:

                    	 
	 	 	
                      Authorized
                        Signatory

                    
	 	
                      
                         

                      

                    

            

          

           

           

          CERTIFICATE
            OF AUTHENTICATION

           

          This
            is
            one of the Class C Certificates referred to in the within-mentioned
            Agreement.

           

          
            

              
                	 	
                        
                          DEUTSCHE
                            BANK NATIONAL TRUST COMPANY,

                          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 Mortgage Pass-Through 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                                 ,
          the
          assignee named above, or                           ,
          as its
          agent.

        
 

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      EXHIBIT
        B-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, 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”), OR SECTION 4975 OF THE CODE SHALL BE MADE
        EXCEPT IN COMPLIANCE WITH THE PROCEDURES DESCRIBED HEREIN.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      
        	
                Certificate
                  No. 1

              	 
	 	 
	
                Class
                  P

              	
                Aggregate
                  Initial Certificate Principal

              
	 	
                Balance
                  of the Class P Certificates:

              
	 	
                $100.00

              
	 	 
	
                Date
                  of Pooling and Servicing

              	
                Initial
                  Certificate Principal Balance

                 

              
	
                Agreement:
                  June 1, 2006 and Cut-off Date:

              	
                of
                  this Certificate Denomination:

              
	
                June
                  1, 2006

              	
                $[_____________]

              
	 	 
	
                First
                  Distribution Date

              	
                Percentage
                  Interest of this Certificate:

              
	
                July
                  25, 2006

              	
                [___]%

              
	 	 
	
                Master
                  Servicer

              	
                CUSIP:
                  [_________]

              
	
                Impac
                  Funding Corporation

                 

              	 
	
                Assumed
                  Final Distribution Date:

              	 
	
                August
                  25, 2036

              	 

      

       

      MORTGAGE
        PASS-THROUGH CERTIFICATE

       

      SERIES
        2006-2

       

      evidencing
        a percentage interest in any distributions allocable to the Class P Certificates
        with respect to the Trust Fund consisting primarily of a pool of one-to
        four-family adjustable-rate and fixed rate first and second lien mortgage
        loans
        and adjustable-rate first lien multifamily mortgage family formed and sold
        by
        IMPAC SECURED ASSETS CORP.

       

      This
        Certificate is payable solely from the assets of the Trust Fund, and does
        not
        represent an obligation of or interest in Impac Secured Assets Corp., the
        Master
        Servicer, the Trustee referred to below or any of their affiliates. Neither
        this
        Certificate nor the underlying Mortgage Loans are guaranteed or insured by
        any
        governmental agency or instrumentality or by Impac Secured Assets Corp.,
        the
        Master Servicer, the Trustee or any of their affiliates. None of the Company,
        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 Deutsche Bank National Trust Company 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
        Fund consisting primarily of a pool of one- to four-family adjustable-rate
        and
        fixed rate first and second lien mortgage loans and adjustable-rate first
        lien
        multifamily mortgage family (the “Mortgage Loans”), formed and sold by Impac
        Secured Assets Corp. (hereinafter called the “Company,” which term includes any
        successor entity under the Agreement referred to below). The Trust Fund was
        created pursuant to a Pooling and Servicing Agreement dated as specified
        above
        (the “Agreement”) among the Company, the Master Servicer, Deutsche Bank National
        Trust Company, as trustee (the “Trustee”), a summary of certain of the pertinent
        provisions of which is set forth hereafter. 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.

       

      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, the Business Day
        immediately following (the “Distribution Date”), commencing as described in the
        Agreement, to the Person in whose name this Certificate is registered at
        the
        close of business on the last Business Day of the month immediately preceding
        the month of such Distribution Date (the “Record Date”), from the Available
        Distribution Amount in an amount equal to the product of the Percentage Interest
        evidenced by this Certificate and the amount (of Prepayment Charges and
        principal, if any) required to be distributed to Holders of Class P Certificates
        on such Distribution Date.

       

      Distributions
        on this Certificate will be made either by the Trustee or by a Paying Agent
        appointed by the Trustee either in immediately available funds (by wire transfer
        or otherwise) for the account of the Person entitled thereto if such Person
        shall have so notified the Trustee or such Paying Agent at least 5 Business
        Days
        prior to the related Record Date, or by check mailed to the address of the
        Person entitled thereto, as such name and address shall appear on the
        Certificate Register.

       

      Notwithstanding
        the above, the final distribution on this Certificate will be made after
        due
        notice 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 in the City and State of New York. The Initial Certificate
        Principal Balance of this Certificate is set forth above. The Certificate
        Principal Balance hereof will be reduced to the extent of the distributions
        allocable to principal allocable hereto.

       

      This
        Certificate is one of a duly authorized issue of Certificates issued in several
        Classes designated as Mortgage Pass-Through Certificates of the Series specified
        hereon (herein collectively called the “Certificates”).

       

      The
        Certificates are limited in right of payment to certain collections and
        recoveries respecting the Mortgage Loans, all as more specifically set forth
        herein and in the Agreement. In the event Master Servicer funds are advanced
        with respect to any Mortgage Loan, such advance is reimbursable to the Master
        Servicer, to the extent provided in the Agreement, from related recoveries
        on
        such Mortgage Loan or from other cash that would have been distributable
        to
        Certificateholders.

       

      As
        provided in the Agreement, withdrawals from the Custodial Account and/or
        the
        Certificate Account created for the benefit of Certificateholders may be
        made by
        the Master Servicer from time to time for purposes other than distributions
        to
        Certificateholders, such purposes including without limitation reimbursement
        to
        the Trustee, the Company and the Master Servicer of advances made, or certain
        expenses incurred, by either of them.

       

      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 Company 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 Company
        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 Master Servicer or the Company; or there shall be delivered
        to the
        Trustee and the Company 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 Company 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(c) of the Agreement.

       

      The
        Agreement permits, with certain exceptions therein provided, the amendment
        of
        the Agreement and the modification of the rights and obligations of the Company,
        the Master Servicer and the Trustee and the rights of the Certificateholders
        under the Agreement at any time by the Company, the Master Servicer and the
        Trustee with the consent of the Holders of Certificates evidencing in the
        aggregate not less than 66-2/3% of the Percentage Interests of each Class
        of
        Certificates affected thereby. 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 herefor or in lieu hereof whether or not notation of
        such
        consent is made upon the Certificate. The Agreement also permits the amendment
        thereof in certain circumstances without the consent of the Holders of any
        of
        the Certificates and, in certain additional circumstances, without the consent
        of the Holders of certain Classes of 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
        upon
        surrender of this Certificate for registration of transfer at the offices
        or
        agencies appointed by the Trustee, duly endorsed by, or accompanied by an
        assignment in the form below or other 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 authorized denominations evidencing
        the same Class and aggregate Percentage Interest will be issued to the
        designated transferee or transferees.

       

      The
        Certificates are issuable only as registered Certificates without coupons
        in
        Classes and 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 authorized denominations evidencing
        the
        same Class and 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
        Company, the Master Servicer, the Trustee and the Certificate Registrar and
        any
        agent of the Company, the Master Servicer, the Trustee or the Certificate
        Registrar may treat the Person in whose name this Certificate is registered
        as
        the owner hereof for all purposes, and neither the Company, the Master Servicer,
        the Trustee nor any such agent shall be affected by notice to the
        contrary.

       

      This
        Certificate shall be governed by and construed in accordance with the laws
        of
        the State of New York.

       

      The
        Group
        1 Certificates are subject to termination in whole, but not in part, by the
        Master Servicer, on or after the Distribution Date on which the aggregate
        Stated
        Principal Balance of the Group 1 Mortgage Loans as of the end of the related
        Due
        Period is less than or equal to 10% of the aggregate Stated Principal Balance
        of
        the Group 1 Mortgage Loans as of the Cut-off Date. The Group 2 Certificates
        are
        subject to termination in whole, but not in part, by the Master Servicer,
        on or
        after the Distribution Date on which the aggregate Stated Principal Balance
        of
        the Group 2 Mortgage Loans as of the end of the related Due Period is less
        than
        or equal to 10% of the aggregate Stated Principal Balance of the Group 2
        Mortgage Loans as of the Cut-off Date.

       

      Unless
        the certificate of authentication hereon has been executed by 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:
          June 30, 2006    

         

        

          
            	 	
                    
                      DEUTSCHE
                        BANK NATIONAL TRUST COMPANY,

                      as
                        Trustee

                    

                  
	 	 	 
	 	
                    By:

                  	 
	 	 	
                    Authorized
                      Signatory

                  
	 	
                    
                       

                    

                  

          

        

         

         

        CERTIFICATE
          OF AUTHENTICATION

         

        This
          is
          one of the Class P Certificates referred to in the within-mentioned
          Agreement.

         

        
          

            
              	 	
                      
                        DEUTSCHE
                          BANK NATIONAL TRUST COMPANY,

                        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)
              

             

            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:

                    	 
	 	
                      Signature
                        by or on behalf of assignor

                    
	 	 

            

            

              
                
                  
                  

                

                
                  
                  

                  
                    

                  

                

                
                  
                  

                

              

              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                                 ,
                  the
                  assignee named above, or                           ,
                  as its
                  agent.

              

            

          

        

      

      

      
 

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      EXHIBIT
        B-4

       

      FORM
        OF
        CLASS R CERTIFICATE

       

      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 5.02(c) OF THE AGREEMENT
        OR
        AN OPINION OF COUNSEL AS PROVIDED IN SECTION 5.02(c) THAT THE PURCHASE OF
        THIS
        CERTIFICATE IS PERMISSIBLE UNDER APPLICABLE LAW, WILL NOT CONSTITUTE OR RESULT
        IN A NON-EXEMPT PROHIBITED TRANSACTION 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 MASTER SERVICER, THE COMPANY OR THE TRUSTEE
        TO
        ANY OBLIGATION OR LIABILITY IN ADDITION TO THOSE UNDERTAKEN IN THE POOLING
        AND
        SERVICING AGREEMENT (THE “AGREEMENT”).

       

      THIS
        CLASS R CERTIFICATE HAS NO PRINCIPAL BALANCE, DOES NOT BEAR INTEREST AND
        WILL
        NOT RECEIVE ANY DISTRIBUTIONS EXCEPT AS PROVIDED HEREIN.

       

      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 FOREIGN GOVERNMENT, ANY INTERNATIONAL
        ORGANIZATION, OR ANY AGENCY OR INSTRUMENTALITY OF ANY OF THE FOREGOING, (B)
        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, (C)
        ANY
        ORGANIZATION DESCRIBED IN SECTION 1381(a)(2)(C) OF THE CODE, (ANY SUCH PERSON
        DESCRIBED IN THE FOREGOING CLAUSES (A), (B) OR (C) BEING HEREIN REFERRED
        TO AS A
“DISQUALIFIED ORGANIZATION”) OR (D) AN AGENT OF A DISQUALIFIED ORGANIZATION, (2)
        NO PURPOSE OF SUCH TRANSFER IS TO IMPEDE THE ASSESSMENT OR COLLECTION OF
        TAX,
        (3) SUCH TRANSFEREE SATISFIES CERTAIN ADDITIONAL CONDITIONS RELATING TO THE
        FINANCIAL CONDITION OF THE PROPOSED TRANSFEREE AND (4) SUCH TRANSFEREE IS
        A
        UNITED STATES PERSON. 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 OR A
        NON-UNITED STATES PERSON, 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
                  R Senior

              	 
	 	 
	
                Date
                  of Pooling and Servicing

              	
                Percentage
                  Interest: 100%

              
	 	 
	
                Agreement
                  and Cut-off Date: June 1, 2006

              	 
	 	 
	
                First
                  Distribution Date: July 25, 2006

              	 
	 	 
	
                Master
                  Servicer:

              	 
	
                Impac
                  Funding Corporation

              	 
	 	 
	
                Assumed
                  Final Distribution Date: [_________], 20__

              	
                CUSIP:
                  [_________]

              

      

       

       

      MORTGAGE
        PASS-THROUGH CERTIFICATE,

      SERIES
        2006-2

       

      evidencing
        a percentage interest in any distributions allocable to the Class R Certificates
        with respect to the Trust Fund consisting primarily of a pool of one- to
        four-family adjustable-rate and fixed rate first and second lien mortgage
        loans
        and adjustable-rate first lien multifamily mortgage family formed and sold
        by
        IMPAC SECURED ASSETS CORP.

       

      This
        Certificate is payable solely from the assets of the Trust Fund, and does
        not
        represent an obligation of or interest in Impac Secured Assets Corp., the
        Master
        Servicer, the Trustee referred to below or any of their affiliates. Neither
        this
        Certificate nor the underlying Mortgage Loans are guaranteed or insured by
        any
        governmental agency or instrumentality or by Impac Secured Assets Corp.,
        the
        Master Servicer, the Trustee or any of their affiliates. None of the Company,
        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 Impac Funding Corporation is the registered owner of the
        Percentage Interest evidenced by this Certificate stated above in certain
        distributions with respect to a Trust Fund, consisting primarily of a pool
        of
        one- to four-family adjustable-rate and fixed rate first and second lien
        mortgage loans and adjustable-rate first lien multifamily mortgage family
        (the
“Mortgage Loans”), formed and sold by Impac Secured Assets Corp. (hereinafter
        called the “Company,” which term includes any successor entity under the
        Agreement referred to below). The Trust Fund was created pursuant to a Pooling
        and Servicing Agreement dated as specified above (the “Agreement”) among the
        Company, the Master Servicer, Deutsche Bank National Trust Company, as trustee
        (the “Trustee”), a summary of certain of the pertinent provisions of which is
        set forth hereafter. 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 Patent 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 agency maintained by the Trustee.

       

      This
        Certificate is one of a duly authorized issue of Certificates issued in several
        Classes designated as Mortgage Pass-Through Certificates of the Series specified
        hereon (herein collectively called the “Certificates”).

       

      As
        provided in the Agreement, withdrawals from the Custodial Account and/or
        the
        Certificate Account created for the benefit of Certificateholders may be
        made by
        the Master Servicer from time to time for purposes other than distributions
        to
        Certificateholders, such purposes including without limitation reimbursement
        to
        the Trustee, the Company and the Master Servicer of advances made, or certain
        expenses incurred, by either of them.

       

      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 Company 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 Company
        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 Master Servicer or the Company; or there shall be delivered
        to the
        Trustee and the Company 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 Company 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(c) 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.

       

      The
        Agreement permits, with certain exceptions therein provided, the amendment
        of
        the Agreement and the modification of the rights and obligations of the Company,
        the Master Servicer and the Trustee and the rights of the Certificateholders
        under the Agreement at any time by the Company, the Master Servicer and the
        Trustee with the consent of the Holders of Certificates evidencing in the
        aggregate not less than 66-2/3% of the Percentage Interests of each Class
        of
        Certificates affected thereby. 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 herefor or in lieu hereof whether or not notation of
        such
        consent is made upon the Certificate. The Agreement also permits the amendment
        thereof in certain circumstances without the consent of the Holders of any
        of
        the Certificates and, in certain additional circumstances, without the consent
        of the Holders of certain Classes of 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
        upon
        surrender of this Certificate for registration of transfer at the offices
        or
        agencies appointed by the Trustee, duly endorsed by, or accompanied by an,
        assignment in the form below or other 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 authorized denominations evidencing
        the same Class and aggregate Percentage Interest will be issued to the
        designated transferee or transferees.

       

      The
        Certificates are issuable only as registered Certificates without coupons
        in
        Classes and 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 authorized denominations evidencing
        the
        same Class and 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
        Company, the Master Servicer, the Trustee and the Certificate Registrar and
        any
        agent of the Company, the Master Servicer, the Trustee or the Certificate
        Registrar may treat the Person in whose name this Certificate is registered
        as
        the owner hereof for all purposes, and neither the Company, the Master Servicer,
        the Trustee nor any such agent shall be affected by notice to the
        contrary.

       

      This
        Certificate shall be governed by and construed in accordance with the laws
        of
        the State of New York.

       

      The
        Group
        1 Certificates are subject to termination in whole, but not in part, by the
        Master Servicer, on or after the Distribution Date on which the aggregate
        Stated
        Principal Balance of the Group 1 Mortgage Loans as of the end of the related
        Due
        Period is less than or equal to 10% of the aggregate Stated Principal Balance
        of
        the Group 1 Mortgage Loans as of the Cut-off Date. The Group 2 Certificates
        are
        subject to termination in whole, but not in part, by the Master Servicer,
        on or
        after the Distribution Date on which the aggregate Stated Principal Balance
        of
        the Group 2 Mortgage Loans as of the end of the related Due Period is less
        than
        or equal to 10% of the aggregate Stated Principal Balance of the Group 2
        Mortgage Loans as of the Cut-off Date.

       

      Unless
        the certificate of authentication hereon has been executed by 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:
          June 30, 2006    

         

        

          
            	 	
                    
                      DEUTSCHE
                        BANK NATIONAL TRUST COMPANY,

                      as
                        Trustee

                    

                  
	 	 	 
	 	
                    By:

                  	 
	 	 	
                    Authorized
                      Signatory

                  
	 	
                    
                       

                    

                  

          

        

         

         

        CERTIFICATE
          OF AUTHENTICATION

         

        This
          is
          one of the Class R Certificates referred to in the within-mentioned
          Agreement.

         

        
          

            
              	 	
                      
                        DEUTSCHE
                          BANK NATIONAL TRUST COMPANY,

                        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)
          

         

        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:

                	 
	 	
                  Signature
                    by or on behalf of assignor

                
	 	 

        

        

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

          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                                 ,
              the
              assignee named above, or                           ,
              as its
              agent.

          

        

         

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      EXHIBIT
        C

       

      FORM
        OF
        CUSTODIAN'S INITIAL CERTIFICATION

       

      June
        29,
        2006

       

      Impac
        Secured Assets Corp.

      1401
        Dove
        Street

      Newport
        Beach, California 92660

       

      Impac
        Funding Corporation

      1401
        Dove
        Street

      Newport
        Beach, California 92660

       

       

      
        	 	Re:	
                Pooling and Servicing Agreement, dated as of
                  June 1,
                  2006 among Impac Secured Assets Corp., Impac Funding Corporation
                  and
                  

                Deutsche Bank National Trust
                  Company, Mortgage Pass-Through Certificates, Series
                  2006-2                                                               
                  

              

      

       

       

      Ladies
        and Gentlemen:

       

      In
        accordance with Section 2.02 of the above-captioned Pooling and Servicing
        Agreement, the undersigned, as Custodian, 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 the attachment hereto) it has reviewed the Mortgage
        File and the Mortgage Loan Schedule and has determined that: (i) all documents
        required to be included in the Mortgage File are in its possession; (ii)
        such
        documents have reviewed by it and appear regular on their face and relate to
        such Mortgage Loan; and (iii) based on examination by it, and only as to
        such
        documents, the information set forth in items (iii) and (iv) of the definition
        or description of “Mortgage Loan Schedule” is correct.

       

      The
        Custodian has made no independent examination of any documents contained
        in each
        Mortgage File beyond the review specifically required in the above-referenced
        Pooling and Servicing Agreement. The Custodian makes no representation that
        any
        documents specified in clause (vi) of Section 2.01 should be included in
        any
        Mortgage File. The Custodian makes no representations as to and shall not
        be
        responsible to verify: (i) the validity, legality, sufficiency, enforceability,
        due authorization, recordability or genuineness of any of the documents
        contained in each Mortgage File of any of the Mortgage Loans identified on
        the
        Mortgage Loan Schedule, (ii) the collectability, insurability, effectiveness
        or
        suitability of any such Mortgage Loan, or (iii) the existence of any assumption,
        modification, written assurance or substitution agreement with respect to
        any
        Mortgage File if no such documents appear in the Mortgage File delivered
        to the
        Custodian.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Capitalized
        words and phrases used herein shall have the respective meanings assigned
        to
        them in the above-captioned Pooling and Servicing Agreement.

       

      

        
          	 	
                  [_______________________________]

                
	 	 	 
	 	
                  By:

                	 
	 	
                  Name:

                	 
	 	
                  Title:

                	 

        

        
 

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      EXHIBIT
        D

       

      FORM
        OF
        CUSTODIAN FINAL CERTIFICATION

       

      ______________,
        20__

       

      Impac
        Secured Assets Corp.

      1401
        Dove
        Street

      Newport
        Beach, California 92660

       

      Impac
        Funding Corporation

      1401
        Dove
        Street

      Newport
        Beach, California 92660

       

      
         

        
          	 	Re:	
                  Pooling and Servicing Agreement, dated as
                    of June 1,
                    2006 among Impac Secured Assets Corp., Impac Funding Corporation
                    and
                    

                  Deutsche Bank National Trust
                    Company, Mortgage Pass-Through
                    Certificates, Series
                    2006-2_______                                              
                     

                

        

         

      

       

      Ladies
        and Gentlemen:

       

      In
        accordance with Section 2.02 of the above-captioned Pooling and Servicing
        Agreement, the undersigned, as Custodian, 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 the attachment hereto) it has received the documents
        set forth in Section 2.01.

       

      The
        Custodian has made no independent examination of any documents contained
        in each
        Mortgage File beyond the review specifically required in the above-referenced
        Pooling and Servicing Agreement. The Custodian makes no representation that
        any
        documents specified in clause (vi) of Section 2.01 should be included in
        any
        Mortgage File. The Custodian makes no representations as to and shall not
        be
        responsible to verify: (i) the validity, legality, sufficiency, enforceability,
        due authorization, recordability or genuineness of any of the documents
        contained in each Mortgage File of any of the Mortgage Loans identified on
        the
        Mortgage Loan Schedule, (ii) the collectability, insurability, effectiveness
        or
        suitability of any such Mortgage Loan or (iii) the existence of any assumption,
        modification, written assurance or substitution agreement with respect to
        any
        Mortgage File if no such documents appear in the Mortgage File delivered
        to the
        Custodian.

      
 

      Capitalized
        words and phrases used herein shall have the respective meanings assigned
        to
        them in the above-captioned Pooling and Servicing Agreement.

       

      

        
          	 	
                  [_______________________________]

                
	 	 	 
	 	
                  By:

                	 
	 	
                  Name:

                	 
	 	
                  Title:

                	 

        

        
 

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

      

       

       

      EXHIBIT
        E

       

      FORM
        OF
        REMITTANCE REPORT

       

      (Provided
        Upon Request)

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

       

      EXHIBIT
        F-1

       

      REQUEST
        FOR RELEASE

       

      (for
        Custodian)

       

      
        	
                Loan
                  Information

              	 	 	 
	 	
                Name
                  of Mortgagor:

              	
                 

              	 
	 	
                Master
                  Servicer

              	 	 
	 	
                Loan
                  No.:

              	
                 

              	 
	 	 	 	 
	
                Trustee

              	 	 	 
	 	
                Name:

              	
                 

              	 
	 	
                Address:

              	
                 

              	 
	 	 	
                 

              	 
	 	 	 	 
	 	
                Trustee

              	 	 
	 	
                Mortgage
                  File No.:

              	
                 

              	 

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Request
        for Requesting Documents (check one):

       

      
        	
                1.

              	 	
                Mortgage
                  Loan Liquidated.

              

      

      (The
        Master Servicer hereby certifies that all proceeds of foreclosure, insurance
        or
        other liquidation have been finally received and deposited into the Custodial
        Account to the extent required pursuant to the Pooling and Servicing
        Agreement.)

       

      
        	
                2.

              	 	
                Mortgage
                  Loan in Foreclosure.

              

      

       

      
        	
                3.

              	 	
                Mortgage
                  Loan Repurchased Pursuant to Section 9.01 of the Pooling and Servicing
                  Agreement.

              

      

       

      
        	
                4.

              	 	
                Mortgage
                  Loan Repurchased Pursuant to Article II of the Pooling and Servicing
                  Agreement.

              

      

      (The
        Master Servicer hereby certifies that the repurchase price has been deposited
        into the Custodial Account pursuant to the Pooling and Servicing
        Agreement.)

       

      
        	
                5.

              	 	
                Other
                  (explain).

              

      

       

      
        	
                 

              
	
                 

              
	
                 

              
	
                 

              
	
                 

              
	
                 

              
	 

      

      

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      The
        undersigned Master Servicer hereby acknowledges that it has received from
        the
        Trustee for the Holders of Mortgage Pass-Through Certificates, Series 2006-2,
        the documents referred to below (the “Documents”). All capitalized terms not
        otherwise defined in this Request for Release shall have the meanings given
        them
        in the Pooling and Servicing Agreement, dated as of June 1, 2006 (the “Pooling
        and Servicing Agreement”), among Impac Secured Assets Corp., Impac Funding
        Corporation and the Trustee.

       

      
        
          	
                  ( 
                    )

                	
                  Promissory
                    Note dated _________________, 200_, in the original principal
                    sum of
                    $__________, made by __________________, payable to, or endorsed
                    to the
                    order of, the Trustee.

                
	 	 
	
                  (
                     )

                	
                  Mortgage
                    recorded on _________________________ as instrument no. ___________
                    in the
                    County Recorders Office of the County of ______________________,
                    State of
                    _____________________ in book/reel/docket of official records
                    at
                    page/image _______________.

                
	 	 
	
                  ( 
                    )

                	
                  Deed
                    of Trust recorded on ____________________ as instrument no._____________
                    in the County Recorder's Office of the County of ______________________,
                    State of _____________________in book/reel/docket __________________
                    of
                    official records at page/image ________________.

                
	 	 
	
                  (
                     )

                	
                  Assignment
                    of Mortgage or Deed of Trust to the Trustee, recorded on _______________
                    as instrument no. ______________ in the County Recorder's Office
                    of the
                    County of ________________, State of ___________________ in
                    book/reel/docket ____________ of official records at page/image
                    ___________.

                
	 	 
	
                  ( 
                    )

                	
                  Other
                    documents, including any amendments, assignments or other assumptions
                    of
                    the Mortgage Note or
                    Mortgage.

                

        

      

       

      (
         )     ____________________________

       

      (
         )     ___________________________

       

      ( 
        )     ___________________________

       

      ( 
        )     ___________________________

      

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

      The
        undersigned Master Servicer hereby acknowledges and agrees as
        follows:

       

      (1) The
        Master Servicer shall hold and retain possession of the Documents in trust
        for
        the benefit of the Trustee, solely for the purposes provided in the
        Agreement.

       

      (2) The
        Master Servicer shall not cause or knowingly permit the Documents to become
        subject to, or encumbered by, any claim, liens, security interest, charges,
        writs of attachment or other impositions nor shall the Master Servicer assert
        or
        seek to assert any claims or rights of setoff to or against the Documents
        or any
        proceeds thereof.

       

      (3) The
        Master Servicer shall return each and every Document previously requested
        from
        the Mortgage File to the Custodian when the need therefor no longer exists,
        unless the Mortgage Loan relating to the Documents has been liquidated and
        the
        proceeds thereof have been remitted to the Custodial Account and except as
        expressly provided in the Agreement.

       

      (4) The
        Documents and any proceeds thereof, including any proceeds of proceeds, coming
        into the possession or control of the Master Servicer shall at all times
        be
        earmarked for the account of the Trustee, and the Master Servicer shall keep
        the
        Documents and any proceeds separate and distinct from all other property
        in the
        Master Servicer's possession, custody or control.

       

      

        
          	 	
                  IMPAC
                    FUNDING CORPORATION

                
	 	 	 
	 	
                  By:

                	 
	 	
                  Name:

                	 
	 	
                  Title:

                	 

        

         

      

      Date:
        _________________, 200_

       

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      EXHIBIT
        F-2

       

       

      REQUEST
        FOR RELEASE

       

      [Mortgage
        Loans Paid in Full]

       

       

      OFFICER'S
        CERTIFICATE AND TRUST RECEIPT

       

      MORTGAGE
        PASS-THROUGH CERTIFICATES

       

      SERIES
        2006-2

       

      _____________________________________
        HEREBY CERTIFIES THAT HE/SHE IS AN OFFICER OF THE MASTER SERVICER, HOLDING
        THE
        OFFICE SET FORTH BENEATH HIS/HER SIGNATURE, AND HEREBY FURTHER CERTIFIES
        AS
        FOLLOWS:

       

      WITH
        RESPECT TO THE MORTGAGE LOANS, AS THE TERM IS DEFINED IN THE POOLING AND
        SERVICING AGREEMENT DESCRIBED IN THE ATTACHED SCHEDULE:

       

      ALL
        PAYMENTS OF PRINCIPAL, PREMIUM (IF ANY), AND INTEREST HAVE BEEN
        MADE.

       

      
        	
                LOAN
                  NUMBER: _____________________

              	
                BORROWER'S
                  NAME: ________________

              
	 	 
	
                COUNTY:
                  ___________________________

              	 

      

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      WE
        HEREBY
        CERTIFY THAT ALL AMOUNTS RECEIVED IN CONNECTION WITH SUCH PAYMENTS, WHICH
        ARE
        REQUIRED TO BE DEPOSITED IN THE CUSTODIAL ACCOUNT PURSUANT TO SECTION 3.10
        OF
        THE POOLING AND SERVICING AGREEMENT, HAVE BEEN OR WILL BE CREDITED.

       

      
        	
                _________
                  ____________

              	
                DATED:
                  _____________________

              

      

      

      /
        / VICE
        PRESIDENT

       

      

      /
        / ASSISTANT
        VICE PRESIDENT

       

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      EXHIBIT
        G-1

       

      FORM
        OF
        INVESTOR REPRESENTATION LETTER

       

      ___________,200__

       

      Impac
        Secured Assets Corp.

      1401
        Dove
        Street

      Newport
        Beach, California 92660

       

      Deutsche
        Bank National Trust Company

      1761
        East
        St. Andrew Place

      Santa
        Ana, California 92705-4934

       

      Attention:
        Impac Secured Assets Corp. Series 2006-2

       

      
        	 	
                Re:

              	
                Impac
                  Secured Assets Corp.

                Mortgage
                  Pass-Through Certificates Series
                  2006-2, Class[_]

              

      

       

       

      Ladies
        and Gentlemen:

       

      ______________
        (the “Purchaser”) intends to purchase from ______________ (the “Seller”)
        $_________ Initial Certificate Principal Balance of Mortgage Pass-Through
        Certificates, Series 2006-2, Class _____ (the “Certificates”), issued pursuant
        to the Pooling and Servicing Agreement (the “Pooling and Servicing Agreement”),
        dated as of June 1, 2006 among Impac Secured Assets Corp., as company (the
        “Company”), Impac Funding Corporation, as master servicer, Deutsche Bank
        National Trust Company, as trustee (the “Trustee”). All terms used herein and
        not otherwise defined shall have the meanings set forth in the Pooling and
        Servicing Agreement. The Purchaser hereby certifies, represents and warrants
        to,
        and covenants with, the Company and the Trustee that:

       

      1. The
        Purchaser understands that (a) the Certificates have not been and will not
        be
        registered or qualified under the Securities Act of 1933, as amended (the
“Act”)
        or any state securities law, (b) the Company is not required to so register
        or
        qualify the Certificates, (c) the Certificates may be resold only if registered
        and qualified pursuant to the provisions of the Act or any state securities
        law,
        or if an exemption from such registration and qualification is available,
        (d)
        the Pooling and Servicing Agreement contains restrictions regarding the transfer
        of the Certificates and (e) the Certificates will bear a legend to the foregoing
        effect.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      2. The
        Purchaser is acquiring the Certificates for its own account for investment
        only
        and not with a view to or for sale in connection with any distribution thereof
        in any manner that would violate the Act or any applicable state securities
        laws.

       

      3. The
        Purchaser is (a) a substantial, sophisticated institutional investor having
        such
        knowledge and experience in financial and business matters, and, in particular,
        in such matters related to securities similar to the Certificates, such that
        it
        is capable of evaluating the merits and risks of investment in the Certificates,
        (b) able to bear the economic risks of such an investment and (c) an “accredited
        investor” within the meaning of Rule 501 (a) promulgated pursuant to the
        Act.

       

      4. The
        Purchaser has been furnished with, and has had an opportunity to review (a)
        a
        copy of the Pooling and Servicing Agreement and (b) such other information
        concerning the Certificates, the Mortgage Loans and the Company as has been
        requested by the Purchaser from the Company or the Seller and is relevant
        to the
        Purchaser's decision to purchase the Certificates. The Purchaser has had
        any
        questions arising from such review answered by the Company or the Seller
        to the
        satisfaction of the Purchaser.

       

      5. The
        Purchaser has not and will not nor has it authorized or will it authorize
        any
        person to (a) offer, pledge, sell, dispose of or otherwise transfer any
        Certificate, any interest in any Certificate or any other similar security
        to
        any person in any manner, (b) solicit any offer to buy or to accept a pledge,
        disposition of other transfer of any Certificate, any interest in any
        Certificate or any other similar security from any person in any manner,
        (c)
        otherwise approach or negotiate with respect to any Certificate, any interest
        in
        any Certificate or any other similar security with any person in any manner,
        (d)
        make any general solicitation by means of general advertising or in any other
        manner or (e) take any other action, that (as to any of (a) through (e) above)
        would constitute a distribution of any Certificate under 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 Purchaser 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,

              
	 	 
	 	
                (Purchaser)

              
	 	
                By:
                  

                Name:
                  

                Title:
                  

              

      

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      EXHIBIT
        G-2

       

      FORM
        OF
        TRANSFEROR REPRESENTATION LETTER

       

      ______________,200___

       

      Impac
        Secured Assets Corp.

      1401
        Dove
        Street

      Newport
        Beach, California 92660

       

      Deutsche
        Bank National Trust Company

      1761
        East
        St. Andrew Place

      Santa
        Ana, California 92705-4934

       

      Attention:
        Impac Secured Assets Corp. Series 2006-2

       

      
        	 	
                Re:

              	
                Impac
                  Secured Assets Corp.

                Mortgage
                  Pass-Through Certificates, Series
                  2006-2, Class [_]

              

      

       

       

      Ladies
        and Gentlemen:

       

      In
        connection with the sale by ___________ (the “Seller”) to ________ (the
“Purchaser”) of $_________ Initial Certificate Principal Balance of Mortgage
        Pass-Through Certificates, Series 2006-2, Class _____ (the “Certificates”),
        issued pursuant to the Pooling and Servicing Agreement (the “Pooling and
        Servicing Agreement”), dated as of June 1, 2006 among Impac Secured Assets
        Corp., as company (the “Company”), Impac Funding Corporation, as master
        servicer, Deutsche Bank National Trust Company, as trustee (the “Trustee”). The
        Seller hereby certifies, represents and warrants to, and covenants with,
        the
        Company and the Trustee that:

       

      Neither
        the Seller nor anyone acting on its behalf has (a) 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
        G-3

       

       

      FORM
        OF
        RULE 144A INVESTMENT REPRESENTATION

       

      Description
        of Rule 144A Securities, including numbers:

       

      Impac
        Secured Assets Corp.

       

      Mortgage
        Pass-Through Certificates

       

      Series
        2006-2, Class ____, No. ____

       

      The
        undersigned seller, as registered holder (the “Transferor”), intends to transfer
        the Rule 144A Securities described above to the undersigned buyer (the
“Buyer”).

       

      1.
        In
        connection with such transfer and in accordance with the agreements pursuant
        to
        which the Rule 144A Securities were issued, the Transferor hereby certifies
        the
        following facts: Neither the Transferor nor anyone acting on its behalf has
        offered, transferred, pledged, sold or otherwise disposed of the Rule 144A
        Securities, any interest in the Rule 144A Securities or any other similar
        security to, or solicited any offer to buy or accept a transfer, pledge or
        other
        disposition of the Rule 144A Securities, or otherwise approached or negotiated
        with respect to the Rule 144A Securities, any interest in the Rule 144A
        Securities 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, which would constitute a distribution of the Rule
        144A Securities under the Securities Act of 1933, as amended (the “1933 Act”),
        or which would render the disposition of the Rule 144A Securities a violation
        of
        Section 5 of the 1933 Act or require registration pursuant thereto, and that
        the
        Transferor has not offered the Rule 144A Securities to any person other than
        the
        Buyer or another “qualified institutional buyer” as defined in Rule 144A under
        the 1933 Act.

       

      2.
        The
        Buyer warrants and represents to, and covenants with, the Transferor, the
        Trustee and the Master Servicer pursuant to Section 5.02 of the Pooling and
        Servicing Agreement as follows:

       

      a.
        The
        Buyer understands that the Rule 144A Securities have not been registered
        under
        the 1933 Act or the securities laws of any state.

       

      b.
        The
        Buyer considers itself a substantial, sophisticated institutional investor
        having such knowledge and experience in financial and business matters that
        it
        is capable of evaluating the merits and risks of investment in the Rule 144A
        Securities.

       

      c.
        The
        Buyer has been furnished with all information regarding the Rule 144A Securities
        that it has requested from the Transferor, the Trustee or the Master
        Servicer.

       

      d.
        Neither the Buyer nor anyone acting on its behalf has offered, transferred,
        pledged, sold or otherwise disposed of the Rule 144A Securities, any interest
        in
        the Rule 144A Securities or any other similar security to, or solicited any
        offer to buy or accept a transfer, pledge or other disposition of the Rule
        144A
        Securities, any interest in the Rule 144A Securities or any other similar
        security from, or otherwise approached or negotiated with respect to the
        Rule
        144A Securities, any interest in the Rule 144A Securities 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 Rule 144A Securities under the
        1933
        Act or that would render the disposition of the Rule 144A Securities a violation
        of Section 5 of the 1933 Act or require registration pursuant thereto, nor
        will
        it act, nor has it authorized or will it authorize any person to act, in
        such
        manner with respect to the Rule 144A Securities.

       

      e.
        The
        Buyer is a “qualified institutional buyer” as that term is defined in Rule 144
        under the 1933 Act and has completed either of the forms of certification
        to
        that effect attached hereto as Annex 1 or Annex 2. The Buyer is aware that
        the
        sale to it is being made in reliance on Rule 144A. The Buyer is acquiring
        the
        Rule 144A Securities for its own account or the account of other qualified
        institutional buyers, understands that such Rule 144 Securities 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 1933 Act.

       

      3.
        The
        Buyer warrants and represents to, and covenants with, the Transferor, the
        Servicer and the Company that either (1) the Buyer is not an employee benefit
        plan within the meaning of Section 3(3) of the Employee Retirement Income
        Security Act of 1974, as amended (“ERISA”) (“Plan”), or a plan within the
        meaning of Section 4975(e)(1) of the Internal Revenue Code of 1986 (the “Code”)
        (also a “Plan”), and the Buyer is not directly or indirectly purchasing the Rule
        144A Securities on behalf of, as investment manager of, as named fiduciary
        of,
        as trustee of, or with assets of a Plan, or (2) the Buyer has provided the
        Trustee with the opinion letter required by section 5.02(c) of the Pooling
        and
        Servicing Agreement.

       

      4.
        This
        document 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; such counterparts, together, shall constitute
        one
        and the same document.

       

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      IN
        WITNESS WHEREOF, each of the parties has executed this document as of the
        date
        set forth below.

      

        
          	 
	 	 	 
	
                  Print
                    Name of Seller

                	 	 Print
                  Name of Buyer
	 	 	 	 	 
	 	 	 	 	 
	
                  By:

                	 	 	
                  By:

                	 
	
                  Name:

                	
                   

                	 	
                  Name:

                	
                   

                
	
                  Title:

                	
                   

                	 	
                  Title:

                	
                   

                
	 	 	 	 	 
	
                  Taxpayer
                    Identification:

                	 	
                  Taxpayer
                    Identification:

                
	 	 	 	 
	
                  No:

                	 	 	
                  No:

                	 
	 	 	 	 	 
	
                  Date:

                	 	 	
                  Date:

                	 

        

        
 

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

      

      

      

       

      ANNEX
        1 TO EXHIBIT G-

       

      QUALIFIED
        INSTITUTIONAL BUYER STATUS UNDER SEC RULE 144A

       

      [For
        Buyers Other Than Registered Investment Companies]

       

      

       

      The
        undersigned hereby certifies as follows in connection with the Rule 144A
        Investment Representation to which this Certification is attached:

       

      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
        (“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.

                
	 	 
	
                  ____

                	
                  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
                    statement, 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.

                
	 	 
	
                  ____

                	
                  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.

                
	 	 
	
                  ____

                	
                  Investment
                    Adviser.
                    The Buyer is an investment adviser registered under the Investment
                    Advisers Act of 1940.

                
	 	 
	
                  ____

                	
                  SBIC.
                    The 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.
                    The Buyer is a business development company as defined in Section
                    202(a)(22) of the Investment Advisers Act of 1940.

                
	 	 
	
                  ____

                	
                  Trust
                    Fund.
                    The Buyer is a trust fund whose trustee is a bank or trust company
                    and
                    whose participants are exclusively (a) plans 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,
                    or (b) employee benefit plans within the meaning of Title I of
                    the
                    Employee Retirement Income Security Act of 1974, but is not a
                    trust fund
                    that includes as participants individual retirement accounts
                    or H.R. 10
                    plans.

                

        

      

       

      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) 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.

       

      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. 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.

       

      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.

       

      
        	
                ___

              	
                ___

              	 	
                Will
                  the Buyer be purchasing the Rule 144A

              
	 	 	 	 
	
                Yes

              	
                No

              	 	
                Securities
                  only for the Buyer's own account?

              

      

       

      6.
        If the
        answer to the foregoing question is “no”, the Buyer agrees that, in connection
        with any purchase of securities sold to the Buyer for the account of a third
        party (including any separate account) in reliance on Rule 144A, the Buyer
        will
        only purchase for the account of a third party that at the time is a “qualified
        institutional buyer” within the meaning of Rule 144A. In addition, the Buyer
        agrees that the Buyer will not purchase securities for a third party unless
        the
        Buyer has obtained a current representation letter from such third party
        or
        taken other appropriate steps contemplated by Rule 144A to conclude that
        such
        third party independently meets the definition of “qualified institutional
        buyer” set forth in Rule 144A.

       

      7.
        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 Rule 144A Securities will constitute a reaffirmation
        of
        this certification as of the date of such purchase.

       

      

      
        	 	
                ________________________________

                Print
                  Name of Buyer

              
	 	
                By:
                  ________________________________

                Name:

                Title:

                Date:
                  ________________________________

              

      

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      ANNEX
        2 TO EXHIBIT G-3

       

      QUALIFIED
        INSTITUTIONAL BUYER STATUS UNDER SEC RULE 144A

       

      [For
        Buyers That Are Registered Investment Companies]

       

       

      The
        undersigned hereby certifies as follows in connection with the Rule 144A
        Investment Representation to which this Certification is attached:

       

      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 (“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, 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.

       

       

      
        	____	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) bank
        deposit notes and certificates of deposit, (iii) loan participations, (iv)
        repurchase agreements, (v) securities owned but subject to a repurchase
        agreement and (vi) currency, interest rate and commodity swaps.

       

      5.
        The
        Buyer is familiar with Rule 144A and understands that each of the parties
        to
        which this certification is made 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.
        The
        undersigned will notify each of the parties to which this certification is
        made
        of any changes in the information and conclusions herein. Until such notice,
        the
        Buyer's purchase of Rule 144A Securities will constitute a reaffirmation
        of this
        certification by the undersigned as of the date of such purchase.

       

      
        	 	
                ________________________________

                Print
                  Name of Buyer

              
	 	 
	 	
                By:
                  ________________________________

                Name:

                Title:

                 

                 

              
	 	
                IF
                  AN ADVISER:

              
	 	
                ________________________________

                Print
                  Name of Buyer

              
	 	 
	 	
                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.

        

      

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
 

      EXHIBIT
        G-4

       

       

      FORM
        OF
        TRANSFEROR CERTIFICATE

       

      ______________,
        200__

       

      Impac
        Secured Assets Corp.

      1401
        Dove
        Street

      Newport
        Beach, California 92660

       

      Deutsche
        Bank National Trust Company

      1761
        East
        St. Andrew Place

      Santa
        Ana, California 92705-4934

       

      Attention:
        Impac Secured Assets Corp. Series 2006-2

       

      
        	 	
                Re:

              	
                Impac
                  Secured Assets Corp.

                
                  Mortgage
                    Pass-Through Certificates

                  Series
                    2006-2, Class
                    R                           
                    

                

              

      

       

       

      Ladies
        and Gentlemen:

       

      This
        letter is delivered to you in connection with the sale by
        ________________________ (the “Seller”) to
        _______________________________________ (the “Purchaser”) of a ____% Percentage
        Interest in the Mortgage Pass-Through Certificates, Series 2006-2, Class
        R
“Certificates”), issued pursuant to Section 5.02 of the Pooling and Servicing
        Agreement (the “Pooling and Servicing Agreement”), dated as of June 1, 2006,
        among Impac Secured Assets Corp., as company (the “Company”), Impac Funding
        Corporation, as master servicer and Deutsche Bank National Trust Company,
        as
        trustee (the “Trustee”). All terms used herein and not otherwise defined shall
        have the meaning set forth in the Pooling and Servicing Agreement. The Seller
        hereby certifies, represents and warrants to, and covenants with, the Company
        and the Trustee that:

       

      1. No
        purpose of the Seller relating to the sale of the Certificates by the Seller
        to
        the Purchaser is or will be to impede the assessment or collection of any
        tax.

       

      2. The
        Seller understands that the Purchaser has delivered to the Trustee and the
        Master Servicer a transfer affidavit and agreement in the form attached to
        the
        Pooling and Servicing Agreement as Exhibit G-5. The Seller does not know
        or
        believe that any representation contained therein is false.

       

      3. The
        Seller has at the time of the transfer conducted a reasonable investigation
        of
        the financial condition of the Purchaser as contemplated by Treasury Regulations
        Section 1.860E-1(c)(4)(i) and, as a result of that investigation, the Seller
        has
        determined that the Purchaser has historically paid its debts as they have
        become due and has found no significant evidence to indicate that the Purchaser
        will not continue to pay its debts as they become due in the future. The
        Seller
        understands that the transfer of the Certificates may not be respected for
        United States income tax purposes (and the Seller may continue to be liable
        for
        United States income taxes associated therewith) unless the Seller has conducted
        such an investigation.

       

      4. The
        Seller has no actual knowledge that the proposed Transferee is a Disqualified
        Organization, an agent of a Disqualified Organization or a Non-United States
        Person.

       

       

      

        
          	 	Very
                  truly
                  yours,
	 	 
	 	(Seller)
	 	 	 
	 	
                  By:

                	 
	 	
                  Name:

                	 
	 	
                  Title:

                	 

        

        

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

      

      EXHIBIT
        G-5

       

      FORM
        OF
        TRANSFER AFFIDAVIT AND AGREEMENT

       

      
        	
                STATE
                  OF

              	
                )

              	 
	 	
                   
                  :   ss.

              	 
	
                COUNTY
                  OF

              	
                )

              	 
	 	 	 

      

      

      ___________________,
        being first duly sworn, deposes, represents and warrants:

       

      1. That
        he/she is [Title of Officer] of [Name of Owner], a [savings institution]
        [corporation] duly organized and existing under the laws of [the State of
        __________] [the United States], (the “Owner”), (record or beneficial owner of
        the Class R Certificates (the “Class R Certificates”) on behalf of which he/she
        makes this affidavit and agreement). This Class R Certificates were issued
        pursuant to the Pooling and Servicing Agreement (the “Pooling and Servicing
        Agreement”) dated as of June 1, 2006 among Impac Secured Assets Corp., as
        company, Impac Funding Corporation, as master servicer (the “Master Servicer”)
        and Deutsche Bank National Trust Company, as trustee (the
“Trustee”).

       

      2. That
        the
        Owner (i) is not and will not be a “disqualified organization” as of
        _____________ [date of transfer] within the meaning of Section 860E(e)(5)
        of the
        Internal Revenue Code of 1986, as amended (the “Code”), (ii) will endeavor to
        remain other than a disqualified organization for so long as it retains its
        ownership interest in the Class R Certificates, and (iii) is acquiring the
        Class
        R Certificates for its own account or for the account of another Owner from
        which it has received an affidavit and agreement in substantially the same
        form
        as this affidavit and agreement. (For this purpose, a “disqualified
        organization” means the United States, any state or political subdivision
        thereof, any agency or instrumentality of any of the foregoing (other than
        an
        instrumentality all of the activities of which are subject to tax and, except
        for Freddie Mac, a majority of whose board of directors is not selected by
        any
        such governmental entity) or any foreign government, international organization
        or any agency or instrumentality of such foreign government or organization,
        any
        rural electric or telephone cooperative, or any organization (other than
        certain
        farmers' cooperatives) that is generally exempt from federal income tax unless
        such organization is subject to the tax on unrelated business taxable
        income).

       

      3. That
        the
        Owner is aware (i) of the tax that would be imposed on transfers of Class
        R
        Certificates to disqualified organizations under the Code, that applies to
        all
        transfers of Class R Certificates after March 31, 1988; (ii) that such tax
        would
        be on the transferor, or, if such transfer is through an agent (which person
        includes a broker, nominee or middleman) for a disqualified organization,
        on the
        agent; (iii) that the person otherwise liable for the tax shall be relieved
        of
        liability for the tax if the transferee furnishes to such person an affidavit
        that the transferee is not a disqualified organization and, at the time of
        transfer, such person does not have actual knowledge that the affidavit is
        false; and (iv) that the Class R Certificates may be “noneconomic residual
        interests” within the meaning of 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.

       

      4. That
        the
        Owner is aware of the tax imposed on a “pass-through entity” holding Class R
        Certificates if at any time during the taxable year of the pass-through entity
        a
        disqualified organization is the record holder of an interest in such entity.
        (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.)

       

      5. That
        the
        Owner is aware that the Trustee will not register the transfer of any Class
        R
        Certificates unless the transferee, or the transferee's agent, delivers to
        it an
        affidavit and agreement, among other things, in substantially the same form
        as
        this affidavit and agreement. The Owner expressly agrees that it will not
        consummate any such transfer if it knows or believes that any of the
        representations contained in such affidavit and agreement are
        false.

       

      6. That
        the
        Owner has reviewed the restrictions set forth on the face of the Class R
        Certificates and the provisions of Section 5.02(f) of the Pooling and Servicing
        Agreement under which the Class R Certificates were issued (in particular,
        clause (iii)(A) and (iii)(B) of Section 5.02(f) which authorize the Trustee
        to
        deliver payments to a person other than the Owner and negotiate a mandatory
        sale
        by the Trustee in the event the Owner holds such Certificates in violation
        of
        Section 5.02(f)). The Owner expressly agrees to be bound by and to comply
        with
        such restrictions and provisions.

       

      7. That
        the
        Owner consents to any additional restrictions or arrangements that shall
        be
        deemed necessary upon advice of counsel to constitute a reasonable arrangement
        to ensure that the Class R Certificates will only be owned, directly or
        indirectly, by an Owner that is not a disqualified organization.

       

      8. The
        Owner's Taxpayer Identification Number is ____________________.

       

      9. This
        affidavit and agreement relates only to the Class R Certificates held by
        the
        owner and not to any other holder of the Class R Certificates. The Owner
        understands that the liabilities described herein relate only to the Class
        R
        Certificates.

       

      10. That
        no
        purpose of the Owner relating to the transfer of any of the Class R Certificates
        by the Owner is or will be to impede the assessment or collection of any
        tax.

       

      11. That
        the
        Owner has no present knowledge or expectation that it will be unable to pay
        any
        United States taxes owed by it so long as any of the Certificates remain
        outstanding. In this regard, the Owner hereby represents to and for the benefit
        of the person from whom it acquired the Class R Certificate that the Owner
        intends to pay taxes associated with holding such Class R Certificate as
        they
        become due, fully understanding that it may incur tax liabilities in excess
        of
        any cash flows generated by the Class R Certificate.

       

      12. That
        the
        Owner has no present knowledge or expectation that it will become insolvent
        or
        subject to a bankruptcy proceeding for so long as any of the Class R
        Certificates remain outstanding.

       

      13. The
        Owner
        is a citizen or resident of the United States, a corporation, partnership
        or
        other entity created or organized in, or under the laws of, the United States
        or
        any political subdivision thereof, provided that with respect to any partnership
        or other entity treated as a partnership for United States federal income
        tax
        purposes, 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 or trust 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.

       

      14. (a)
        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 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 or otherwise under ERISA, 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, 29 C.F.R. § 2510.3-101 or otherwise
        under ERISA; or

       

      (b)
        The
        Owner will provide the Trustee with an opinion of counsel, as specified in
        Section 5.02(c) of the Pooling and Servicing Agreement, acceptable to and
        in
        form and substance satisfactory to the Trustee to the effect that the purchase
        of Certificates is permissible under applicable law, will not constitute
        or
        result in any non-exempt prohibited transaction under ERISA or Section 4975
        of
        the Code and will not subject the Trustee, the Company or the Master Servicer
        to
        any obligation or liability (including obligations or liabilities under ERISA
        or
        Section 4975 of the Code) in addition to those undertaken in the Pooling
        and
        Servicing Agreement.

       

      In
        addition, the Owner hereby certifies, represents and warrants to, and covenants
        with, the Company, the Trustee and the Master Servicer that the Owner will
        not
        transfer such Certificates to any Plan or person unless either such Plan
        or
        person meets the requirements set forth in either (a) or (b) above.

       

      Capitalized
        terms used but not defined herein shall have the meanings assigned in the
        Pooling and Servicing Agreement.

       

      IN
        WITNESS WHEREOF, the Owner has caused this instrument to be executed on its
        behalf, by its [Title of Officer] and its corporate seal to be hereunto
        attached, attested by its [Assistant] Secretary, this ______ day of
        _____________, _____.

       

      _______________________________________________________
                                          
        [NAME
        OF
        OWNER]

       

      
        	 	 	By:
                	 
	 	 	 	
                [Name
                  of Officer]

                
                  [Title
                    of Officer]

                

              
	 	 	 	 

      

      

      
        	
                [Corporate
                  Seal]

                 

                 

                ATTEST:

                ________________________________
                  

                [Assistant]
                  Secretary

              	 

      

       

      
 

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      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 Owner, and acknowledged to me that such person executed the
        same
        as such person's free act and deed and the free act and deed of the
        Owner.

       

      Subscribed
        and sworn before me this ____ day of ___________, 200__.

       

       

      

        
          	 	 
	 	
                  NOTARY
                    PUBLIC

                

        

         

        
          	 	COUNTY
                  OF	 
	 	STATE
                  OF	 
	 	 	 
	 	
                  My
                    Commission expires the ____ day of __________,
                    200__.

                

        

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      EXHIBIT
        H

       

      MORTGAGE
        LOAN SCHEDULE

       

                 LOAN                           CURRENT_BALANCE                PAYMENT                                     STATED_ORIGINAL_TERM                     STATED_REM_TERM                          CURRENT_NET_COUPON               LPMI
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
            1                                  833000                    5612.08                                            360                                      360                                        6.845                    0
            2                                  132000                      797.5                                            360                                      359                                        6.845                    0
            3                                  133750                     822.01                                            360                                      357                                         6.97                    0
            4                                  240000                       1375                                            360                                      359                                         6.47                    0
            5                                  399900                    2457.72                                            360                                      357                                         6.97                    0
            6                                  140000                    1027.27                                            360                                      360                                        7.595                    0
            7                               123893.24                     804.26                                            360                                      359                                        6.345                    0
            8                                  140000                    1027.27                                            360                                      360                                        7.595                    0
            9                                  268000                    1647.08                                            360                                      360                                         6.97                    0
           10                                  755000                    4772.11                                            360                                      360                                         6.22                    0
           11                                 1380000                       7820                                            360                                      360                                         6.52                    0
           12                               509654.02                    3299.38                                            360                                      359                                        6.445                    0
           13                                  275500                    1693.18                                            360                                      357                                         6.97                    0
           14                               764473.46                     4923.7                                            360                                      359                                        6.395                    0
           15                                  257600                    1395.33                                            360                                      359                                        6.095                    0
           16                                  188000                    1155.42                                            360                                      357                                         6.97                    0
           17                                  416000                    2383.33                                            360                                      359                                         6.47                    0
           18                                  346774                    2314.12                                            360                                      360                                         7.22                    0
           19                                  387750                    2777.89                                            360                                      360                                         7.47                    0
           20                                  368700                    2265.97                                            360                                      357                                         6.97                    0
           21                                  417000                    2562.81                                            360                                      359                                         6.97                    0
           22                                  273750                    1596.88                                            360                                      359                                        6.595                    0
           23                                  150600                     854.03                                            360                                      360                                          6.4                    0
           24                                  239900                    1424.41                                            360                                      357                                         6.72                    0
           25                                  177000                     958.75                                            360                                      360                                        6.095                    0
           26                                  344000                    2006.67                                            360                                      359                                        6.595                    0
           27                              2363289.02                   14948.41                                            360                                      359                                         6.22                    0
           28                                  392000                    2368.33                                            360                                      357                                        6.845                    0
           29                                  228000                    1496.25                                            360                                      359                                         7.47                    0
           30                                  248000                     1317.5                                            360                                      359                                         5.97                    0
           31                                 1500000                    8406.25                                            360                                      360                                        6.445                    0
           32                                  280000                    1691.67                                            360                                      357                                        6.845                    0
           33                                  187500                    1054.69                                            360                                      359                                        6.345                    0
           34                                  347200                     2278.5                                            360                                      359                                         7.47                    0
           35                               165238.13                    1172.11                                            360                                      357                                         7.22                    0
           36                                  725000                    4523.06                                            360                                      360                                        6.095                    0
           37                                  256000                    1626.67                                            360                                      359                                         7.22                    0
           38                                  272300                    1650.82                                            360                                      359                                         6.87                    0
           39                               371893.44                    2131.25                                            360                                      357                                         6.47                    0
           40                                 1237500                    8088.19                                            360                                      360                                        6.545                    0
           41                               187499.18                    1132.81                                            360                                      357                                        6.845                    0
           42                                  680000                       3995                                            360                                      360                                         6.77                    0
           43                               318235.45                    2230.14                                            360                                      357                                        7.095                    0
           44                               388549.28                    2744.87                                            360                                      359                                         7.32                    0
           45                                  512000                    3253.33                                            360                                      356                                         7.22                    0
           46                                  464000                    3286.67                                            360                                      359                                        8.095                    0
           47                                  452000                    3145.17                                            360                                      360                                        7.945                    0
           48                                  305000                    1493.23                                            360                                      360                                         5.47                    0
           49                                  245550                    1534.69                                            360                                      358                                        7.095                    0
           50                                 1070000                    6130.21                                            360                                      360                                        6.595                    0
           51                               374398.02                    2774.54                                            360                                      359                                         7.82                    0
           52                               199551.92                    1398.43                                            360                                      357                                        7.095                    0
           53                                 1026000                    6485.02                                            360                                      360                                         6.22                    0
           54                                  198400                    1157.33                                            360                                      359                                        6.595                    0
           55                                  649900                    2504.82                                            360                                      355                                         4.22                    0
           56                                  510000                    3293.75                                            360                                      360                                        7.345                    0
           57                                  415750                    2641.74                                            360                                      359                                         7.22                    0
           58                               134808.82                     967.16                                            360                                      358                                        7.345                    0
           59                                   95900                     529.45                                            360                                      359                                         6.22                    0
           60                                  298250                    1985.85                                            360                                      360                                        7.585                    0
           61                                  315000                    1771.88                                            360                                      359                                        6.345                    0
           62                                  364000                    1971.67                                            360                                      360                                        6.095                    0
           63                               276384.85                    2050.02                                            360                                      358                                        7.695                    0
           64                                  173600                    1121.17                                            360                                      360                                        7.345                    0
           65                                  231200                    1469.08                                            360                                      357                                         7.22                    0
           66                                   97400                     639.19                                            360                                      360                                         7.47                    0
           67                                  247200                       1545                                            360                                      359                                        7.095                    0
           68                                271530.3                    1764.19                                            360                                      358                                        6.345                    0
           69                               226694.35                    1665.65                                            360                                      358                                        7.595                    0
           70                                  123520                      810.6                                            360                                      358                                         7.47                    0
           71                                  285600                       1785                                            360                                      358                                        7.095                    0
           72                                  255000                     1487.5                                            360                                      359                                        6.595                    0
           73                                  120000                        800                                            360                                      358                                        7.595                    0
           74                                  196000                    1184.17                                            360                                      358                                        6.845                    0
           75                                  428000                    2273.75                                            360                                      360                                         5.97                    0
           76                               167702.74                    1075.72                                            360                                      358                                         6.22                    0
           77                                  417350                    2434.54                                            360                                      359                                        6.595                    0
           78                                  440000                    2841.67                                            360                                      358                                        7.345                    0
           79                                  149350                    1151.24                                            360                                      358                                        8.845                    0
           80                                  276000                       1840                                            360                                      358                                        7.595                    0
           81                                  660000                    4056.25                                            360                                      359                                         6.97                    0
           82                                  308000                    1764.58                                            360                                      358                                         6.47                    0
           83                               149911.45                    1166.68                                            360                                      359                                         8.22                    0
           84                                  200000                     1437.5                                            360                                      358                                         8.22                    0
           85                                  400400                    2252.25                                            360                                      359                                        6.345                    0
           86                                  219000                    1391.56                                            360                                      359                                         7.22                    0
           87                                283587.6                    2010.13                                            360                                      358                                         7.22                    0
           88                                  101500                     666.09                                            360                                      358                                         7.47                    0
           89                                  270000                    1957.69                                            360                                      360                                         7.47                    0
           90                                  353750                    2321.48                                            360                                      359                                         7.47                    0
           91                                  101500                     666.09                                            360                                      358                                         7.47                    0
           92                                  101500                     655.52                                            360                                      358                                        7.345                    0
           93                                  110150                     677.42                                            360                                      359                                        6.975                    0
           94                                  156750                     996.02                                            360                                      358                                         7.22                    0
           95                                  419250                    2314.61                                            360                                      359                                         6.22                    0
           96                               198616.37                    1456.97                                            360                                      359                                        7.585                    0
           97                               154923.76                    1303.32                                            360                                      359                                        9.095                    0
           98                                  192000                       1200                                            360                                      359                                        7.095                    0
           99                                  255188                    1382.27                                            360                                      358                                        6.095                    0
          100                                  169600                       1219                                            360                                      359                                         8.22                    0
          101                                  167300                     993.34                                            360                                      359                                         6.72                    0
          102                               271563.69                    1832.51                                            360                                      358                                         6.72                    0
          103                                  188000                       1316                                            360                                      359                                        7.995                    0
          104                                  172250                    1022.73                                            360                                      358                                         6.72                    0
          105                                  484800                       2929                                            360                                      358                                        6.845                    0
          106                                  517600                       3235                                            360                                      359                                        7.095                    0
          107                               459468.77                    3618.82                                            360                                      358                                        8.345                    0
          108                                  551500                    3331.98                                            360                                      358                                        6.845                    0
          109                                  272000                    1841.67                                            360                                      359                                         7.72                    0
          110                                  164000                     888.33                                            360                                      359                                        6.095                    0
          111                                  150500                     846.56                                            360                                      358                                        6.345                    0
          112                                  488000                       2745                                            360                                      359                                        6.345                    0
          113                                  440000                    3043.33                                            360                                      359                                        7.895                    0
          114                               199609.37                    1104.17                                            360                                      359                                         6.22                    0
          115                                  500000                    2760.42                                            360                                      359                                         6.22                    0
          116                                  201000                    1130.63                                            360                                      359                                        6.345                    0
          117                                  199520                    1163.87                                            360                                      358                                        6.595                    0
          118                                  298400                    1927.17                                            360                                      359                                        7.345                    0
          119                                  419300                    2314.89                                            360                                      359                                         6.22                    0
          120                                  436000                    2361.67                                            360                                      360                                        6.095                    0
          121                                  168250                     971.64                                            360                                      359                                        6.525                    0
          122                                  292500                    1767.19                                            360                                      359                                        6.845                    0
          123                                  268000                     1507.5                                            360                                      359                                        6.345                    0
          124                                  450000                    2981.25                                            360                                      359                                        7.545                    0
          125                                  372750                    2135.55                                            360                                      360                                         6.47                    0
          126                                 1815000                    9453.13                                            360                                      359                                        5.845                    0
          127                                  750000                       4000                                            360                                      360                                        5.995                    0
          128                                  449550                    2575.55                                            360                                      359                                         6.47                    0
          129                               100023.83                     691.37                                            360                                      359                                         6.97                    0
          130                                  181900                     890.55                                            360                                      359                                         5.47                    0
          131                                  495000                       2805                                            360                                      359                                        6.395                    0
          132                                  292500                    1675.78                                            360                                      359                                         6.47                    0
          133                                  376000                    2036.67                                            360                                      360                                        6.095                    0
          134                                  432000                       2700                                            360                                      359                                        7.095                    0
          135                                  473400                    2860.13                                            360                                      359                                        6.845                    0
          136                               167755.36                    1089.64                                            360                                      359                                        6.345                    0
          137                                  453600                    2693.25                                            360                                      358                                         6.72                    0
          138                                  152000                     886.67                                            360                                      359                                        6.595                    0
          139                                  284000                       1775                                            360                                      359                                        7.095                    0
          140                                  340000                    1664.58                                            360                                      360                                         5.47                    0
          141                                112733.4                     877.35                                            360                                      359                                         8.22                    0
          142                                  225000                    1218.75                                            360                                      359                                        6.095                    0
          143                               304665.55                     2454.1                                            360                                      358                                        7.775                 0.82
          144                                  630000                    3543.75                                            360                                      359                                        6.345                    0
          145                                  304000                    1963.33                                            360                                      359                                        7.345                    0
          146                                  266400                     1831.5                                            360                                      359                                        7.845                    0
          147                                 1087500                    6343.75                                            360                                      359                                        6.595                    0
          148                                  416000                       2340                                            360                                      359                                        6.345                    0
          149                               154199.63                     995.88                                            360                                      358                                        7.345                    0
          150                                  496000                    3306.67                                            360                                      359                                        7.595                    0
          151                                  300800                       1222                                            360                                      359                                         4.47                    0
          152                               311999.98                     1722.5                                            360                                      358                                         6.22                    0
          153                                  228000                    1505.75                                            360                                      358                                         7.52                    0
          154                                  292000                    1946.67                                            360                                      360                                        7.595                    0
          155                                  359900                    1724.52                                            360                                      360                                        5.345                    0
          156                                  335120                    1996.76                                            360                                      358                                        6.745                    0
          157                               142767.81                    1239.97                                            360                                      355                                        9.445                    0
          158                                  414400                       2590                                            360                                      358                                        7.095                    0
          159                                  256000                    1573.33                                            360                                      359                                         6.97                    0
          160                                  728000                    4847.27                                            360                                      358                                        7.585                    0
          161                                  101625                     582.23                                            360                                      360                                         6.47                    0
          162                                  220000                    1365.83                                            360                                      358                                        7.045                    0
          163                               459622.94                    3060.39                                            360                                      359                                        6.595                    0
          164                                   93750                     695.31                                            360                                      359                                        8.495                    0
          165                                  196300                     1136.9                                            360                                      360                                        6.545                    0
          166                                  242250                    1514.06                                            360                                      360                                        7.095                    0
          167                                  462400                    2649.17                                            360                                      359                                         6.47                    0
          168                              1139776.36                     5690.5                                            360                                      358                                        5.585                    0
          169                                  308800                    1865.67                                            360                                      359                                        6.845                    0
          170                                  184500                    1153.13                                            360                                      358                                        7.095                    0
          171                                  472500                    2953.12                                            360                                      360                                        7.095                    0
          172                                  520000                    2773.33                                            360                                      359                                        5.995                    0
          173                                  650000                    3182.29                                            360                                      360                                         5.47                    0
          174                                  200000                    1208.33                                            360                                      359                                        6.845                    0
          175                                  378550                     2271.3                                            360                                      358                                        6.795                    0
          176                                  393750                    2214.84                                            360                                      359                                        6.345                    0
          177                                  115400                     745.29                                            360                                      359                                        7.345                    0
          178                                  980000                    5410.42                                            360                                      358                                         6.22                    0
          179                                  240000                       1400                                            360                                      359                                        6.595                    0
          180                                  500000                    3020.83                                            360                                      360                                        6.845                    0
          181                                  316700                    2177.31                                            360                                      358                                        7.845                    0
          182                                107839.2                     755.15                                            360                                      358                                        7.095                    0
          183                                73997.67                     537.28                                            360                                      358                                         7.47                    0
          184                                  224000                    1446.67                                            360                                      358                                        7.345                    0
          185                                  276500                    1728.12                                            360                                      360                                        7.095                    0
          186                                  165130                    1032.06                                            360                                      358                                        7.095                    0
          187                               315028.53                    2045.03                                            360                                      359                                        6.345                    0
          188                                  328000                    1909.78                                            360                                      359                                        6.582                    0
          189                               377877.47                    2743.66                                            360                                      358                                         7.47                    0
          190                                   81600                        510                                            360                                      358                                        7.095                    0
          191                                  288000                    1820.36                                            360                                      360                                        6.095                    0
          192                                  140000                      787.5                                            360                                      358                                        6.345                    0
          193                                  113400                     826.88                                            360                                      358                                        8.345                    0
          194                                  140000                     991.67                                            360                                      356                                        8.095                    0
          195                                  307500                    1857.81                                            360                                      360                                        6.845                    0
          196                                  218750                    1321.61                                            360                                      358                                        6.845                    0
          197                                  388000                    2465.42                                            360                                      360                                         7.22                    0
          198                                  264000                       1705                                            360                                      358                                        7.345                    0
          199                                  616000                    3785.83                                            360                                      358                                         6.97                    0
          200                                  403200                       2478                                            360                                      358                                         6.97                    0
          201                                  142360                     860.33                                            360                                      358                                        6.845                    0
          202                                  345000                    1976.56                                            360                                      359                                         6.47                    0
          203                                  210000                     1137.5                                            360                                      359                                        6.095                    0
          204                                  708000                     4572.5                                            360                                      358                                        7.345                    0
          205                                  372000                     2092.5                                            360                                      358                                        6.345                    0
          206                                  485000                    3031.25                                            360                                      359                                        7.095                    0
          207                                  380000                     2137.5                                            360                                      358                                        6.345                    0
          208                                  378400                    2089.08                                            360                                      358                                         6.22                    0
          209                                  350000                    2041.67                                            360                                      359                                        6.595                    0
          210                               207938.23                    1426.77                                            360                                      359                                         7.47                    0
          211                               220757.69                    1609.69                                            360                                      358                                        8.345                    0
          212                                  435000                    2492.19                                            360                                      359                                         6.47                    0
          213                                  271600                    2065.29                                            360                                      357                                         8.72                    0
          214                                  237600                    1806.75                                            360                                      357                                         8.72                    0
          215                                  305348                    1844.81                                            360                                      357                                        6.845                    0
          216                                  167920                    1119.47                                            360                                      358                                        7.595                    0
          217                                  264193                    1733.77                                            360                                      358                                         7.47                    0
          218                                  216240                    1464.13                                            360                                      357                                         7.72                    0
          219                                  173920                    1159.47                                            360                                      356                                        7.595                    0
          220                               459224.88                    3021.87                                            360                                      358                                         6.47                    0
          221                                  228000                    1116.25                                            360                                      358                                         5.47                    0
          222                               259996.67                    1516.67                                            360                                      358                                        6.595                    0
          223                               211684.36                    1482.33                                            360                                      358                                        7.095                    0
          224                                  287000                    1584.48                                            360                                      358                                         6.22                    0
          225                                  325500                    1613.94                                            360                                      359                                        5.545                    0
          226                                  492000                       3485                                            360                                      359                                        8.095                    0
          227                                  121000                     802.23                                            360                                      359                                        7.551                    0
          228                                  203300                    1164.74                                            360                                      359                                         6.47                    0
          229                                  360000                     2399.7                                            360                                      359                                        7.594                    0
          230                                  220000                    1420.83                                            360                                      359                                        7.345                    0
          231                                  359150                    2207.28                                            360                                      359                                         6.97                    0
          232                               244794.17                    1609.48                                            360                                      359                                         6.47                    0
          233                               295400.93                    2168.41                                            360                                      358                                        7.585                    0
          234                                  368800                     2074.5                                            360                                      358                                        6.345                    0
          235                               447857.05                    2989.62                                            360                                      359                                         7.22                    0
          236                                  110000                     499.58                                            360                                      359                                        5.045                    0
          237                                  106500                     599.06                                            360                                      360                                        6.345                    0
          238                                  444000                       2849                                            360                                      359                                        7.845                    0
          239                                  189650                    1126.05                                            360                                      359                                         6.72                    0
          240                                  248500                    1475.47                                            360                                      359                                         6.72                    0
          241                                  302400                       1575                                            360                                      359                                        5.845                    0
          242                                  520000                       3250                                            360                                      360                                        7.095                    0
          243                                  518250                    3325.44                                            360                                      360                                        7.295                    0
          244                                  254400                     1563.5                                            360                                      359                                         6.97                    0
          245                                  900000                     5437.5                                            360                                      359                                        6.845                    0
          246                                  164000                     990.83                                            360                                      359                                        6.845                    0
          247                                55688.95                     643.48                                            180                                      179                                       12.845                    0
          248                                  572000                    4468.75                                            360                                      358                                         8.97                    0
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          818                                  107000                       1070                                            240                                      234                                        11.22                    0
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          822                                  274016                    2140.75                                            360                                      358                                         8.97                    0
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          824                                28717.71                     247.44                                            180                                      174                                         8.97                    0
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          826                                25929.78                     211.54                                            360                                      355                                        8.345                    0
          827                                26960.97                     280.33                                            180                                      175                                       11.345                    0
          828                               674098.89                     4201.9                                            360                                      357                                        5.475                 0.46
          829                                  155000                    1663.02                                            360                                      355                                       12.095                    0
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          832                                  116800                    1192.33                                            180                                      176                                        11.47                    0
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          834                                65929.47                     697.99                                            180                                      176                                       11.595                    0
          835                                  411200                    2395.24                                            360                                      359                                        6.585                    0
          836                                28791.37                     301.56                                            180                                      175                                        11.72                    0
          837                                123706.1                     845.22                                            360                                      358                                        6.845                    0
          838                                  417000                    1954.69                                            360                                      358                                         5.22                    0
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          840                                23191.59                     275.81                                            180                                      178                                        13.27                    0
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          844                                  210000                    1071.88                                            360                                      357                                         5.72                    0
          845                                 75943.7                      900.5                                            180                                      176                                        13.22                    0
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          848                                  232330                    1306.86                                            360                                      359                                        6.345                    0
          849                                   93750                     957.03                                            180                                      176                                        11.47                    0
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          852                                39599.87                     375.38                                            360                                      356                                       10.595                    0
          853                                  136750                     911.67                                            360                                      357                                        7.595                    0
          854                                  187600                     918.46                                            360                                      359                                         5.47                    0
          855                                   95800                    1157.58                                            180                                      176                                        13.72                    0
          856                                  170000                     991.67                                            360                                      358                                        6.595                    0
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          860                                42401.37                     450.52                                            180                                      176                                       11.595                    0
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          864                                35998.46                      367.5                                            180                                      176                                        11.47                    0
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          867                                  616000                     3272.5                                            360                                      359                                         5.97                    0
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          870                                49928.12                     489.58                                            180                                      176                                        10.97                    0
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          878                                67893.45                      713.3                                            180                                      176                                       11.095                    0
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          882                                  117600                        735                                            360                                      358                                        7.095                    0
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          886                                   92000                        920                                            180                                      176                                        11.22                    0
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          888                                51694.68                     547.29                                            180                                      176                                       11.595                    0
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          890                                  191920                     1199.5                                            360                                      357                                        7.095                    0
          891                                29626.72                     345.46                                            180                                      176                                        12.97                    0
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          900                              2920224.84                   18487.99                                            360                                      358                                         6.22                    0
          901                                99807.37                     751.27                                            360                                      357                                        7.845                    0
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          911                               372759.81                     1980.5                                            360                                      358                                         5.97                    0
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          913                                  496000                    3203.33                                            360                                      358                                        7.345                    0
          914                                  478400                    2591.33                                            360                                      360                                        6.095                    0
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          919                                  235200                     1543.5                                            360                                      357                                         7.47                    0
          920                                   88000                     586.67                                            360                                      357                                        7.595                    0
          921                                93199.89                     621.33                                            360                                      357                                        7.595                    0
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          923                                  192000                       1280                                            360                                      357                                        7.595                    0
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          926                                  225600                     1527.5                                            360                                      357                                         7.72                    0
          927                                  112750                     763.41                                            360                                      356                                         7.72                    0
          928                                  440000                       3025                                            360                                      357                                        7.845                    0
          929                                  284000                     1952.5                                            360                                      357                                        7.845                    0
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          935                                   57300                     590.91                                            180                                      175                                       11.595                    0
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          937                                  396000                     2227.5                                            360                                      359                                        6.345                    0
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          939                                  292000                    2037.92                                            360                                      358                                         7.97                    0
          940                               131658.58                     1014.2                                            360                                      357                                        8.095                    0
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          943                                  200000                       1500                                            360                                      357                                        8.595                    0
          944                                  280000                       2100                                            360                                      357                                        8.595                    0
          945                                  353500                    1951.61                                            360                                      358                                         6.22                    0
          946                               325599.41                    2204.58                                            360                                      358                                         7.72                    0
          947                                  619500                    3613.75                                            360                                      358                                        6.595                    0
          948                                  204000                    1423.75                                            360                                      358                                         7.97                    0
          949                                  372550                    2017.98                                            360                                      359                                        6.095                    0
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          953                                  508000                     2705.1                                            360                                      354                                        5.985                    0
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          963                               307999.98                    1537.44                                            360                                      353                                        5.585                    0
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          970                                  260000                    1597.92                                            360                                      358                                         6.97                    0
          971                               159251.02                     979.55                                            360                                      351                                         6.96                    0
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          974                                  122000                      762.5                                            360                                      359                                        7.095                    0
          975                                  142400                     793.88                                            360                                      351                                        6.285                    0
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          977                                  380800                       2142                                            360                                      357                                        6.345                    0
          978                                  435500                    2857.97                                            360                                      357                                         7.47                    0
          979                                  280000                    1720.83                                            360                                      357                                         6.97                    0
          980                                  340000                     1912.5                                            360                                      358                                        6.345                    0
          981                               143768.74                     970.15                                            360                                      358                                         6.72                    0
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          983                                  680000                       4080                                            360                                      357                                        6.795                    0
          984                                  504000                     2152.5                                            360                                      359                                         4.72                    0
          985                               153521.08                    1075.04                                            360                                      358                                        7.095                    0
          986                                  268000                     1507.5                                            360                                      359                                        6.345                    0
          987                               193137.01                    1255.95                                            360                                      357                                        6.345                    0
          988                                  302700                    2175.66                                            360                                      359                                         8.22                    0
          989                               686933.98                    4716.73                                            360                                      358                                        6.895                    0
          990                                  448000                     2609.6                                            360                                      358                                        6.585                    0
          991                                  236000                    1573.33                                            360                                      358                                        7.595                    0
          992                               147744.42                     959.93                                            360                                      358                                        6.345                    0
          993                               114279.61                     611.09                                            360                                      351                                        6.005                    0
          994                                104753.3                     680.71                                            360                                      351                                        6.285                    0
          995                               163098.57                     719.27                                            360                                      353                                        4.887                    0
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          997                                   62000                     587.71                                            180                                      174                                       10.595                    0
          998                                   38000                     360.21                                            180                                      174                                       10.595                    0
          999                                  448000                    2053.33                                            360                                      358                                        5.095                    0
         1000                                  195000                    1117.19                                            360                                      358                                         6.47                    0
         1001                                  123000                       1230                                            180                                      174                                        11.22                    0
         1002                                  409890                     2775.3                                            360                                      359                                         7.72                    0
         1003                               519848.88                    3596.12                                            360                                      359                                        7.545                    0
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         1005                                  388000                    2142.08                                            360                                      358                                         6.22                    0
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         1007                               391282.52                    3014.14                                            360                                      357                                        8.095                    0
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         1011                                  460000                    2779.17                                            360                                      359                                        6.845                    0
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         1013                                  570000                     3087.5                                            360                                      358                                        6.095                    0
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         1021                                  296000                    1880.83                                            360                                      358                                         7.22                    0
         1022                                  520000                       3250                                            360                                      358                                        7.095                    0
         1023                               327825.53                    2015.83                                            360                                      357                                         6.97                    0
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         1025                               487558.41                    3167.28                                            360                                      359                                        7.385                    0
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         1027                                  216000                     1507.5                                            360                                      358                                         7.97                    0
         1028                                  306000                    1753.13                                            360                                      358                                         5.53                 0.94
         1029                                  259250                    1431.28                                            360                                      358                                         6.22                    0
         1030                                  405000                    1982.81                                            360                                      359                                         5.47                    0
         1031                                  299200                     1776.5                                            360                                      359                                         6.72                    0
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         1033                                  196000                     1102.5                                            360                                      358                                        6.345                    0
         1034                                  340000                    1947.92                                            360                                      359                                         6.47                    0
         1035                                81194.08                     589.12                                            360                                      359                                         7.47                    0
         1036                                  244000                     1372.5                                            360                                      358                                        6.345                    0
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         1042                                  340000                    1947.92                                            360                                      358                                         6.47                    0
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         1049                                  165000                     876.56                                            360                                      360                                         5.97                    0
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         1051                                  272000                     1584.4                                            360                                      358                                        6.585                    0
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         1071                                  244000                       1525                                            360                                      358                                        7.095                    0
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         1080                                  107900                     584.46                                            360                                      357                                        6.095                    0
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         1083                                  170300                    1064.38                                            360                                      359                                        7.095                    0
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         1085                                  352500                    2166.41                                            360                                      358                                         6.97                    0
         1086                                  350000                    2005.21                                            360                                      358                                         6.47                    0
         1087                                  580800                       3872                                            360                                      358                                        7.595                    0
         1088                               209836.18                    1432.57                                            360                                      359                                        6.845                    0
         1089                                  360000                       2025                                            360                                      358                                        6.345                    0
         1090                                19995.82                     227.51                                            180                                      179                                        12.62                    0
         1091                               103729.87                     674.54                                            360                                      357                                        6.345                    0
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         1093                               106788.61                     794.47                                            360                                      357                                         7.72                    0
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         1095                               101409.23                     772.23                                            360                                      357                                         7.97                    0
         1096                               121776.72                     938.07                                            360                                      357                                        8.095                    0
         1097                                79804.08                     615.13                                            360                                      356                                        8.095                    0
         1098                               145739.56                    1135.57                                            360                                      357                                         8.22                    0
         1099                                  279200                    1686.83                                            360                                      357                                        6.845                    0
         1100                                  209600                    1288.17                                            360                                      357                                         6.97                    0
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         1102                                  356000                       2225                                            360                                      357                                        7.095                    0
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         1105                                  411900                    2660.19                                            360                                      357                                        7.345                    0
         1106                                  185200                    1196.08                                            360                                      357                                        7.345                    0
         1107                                  237200                    1531.92                                            360                                      357                                        7.345                    0
         1108                               199174.63                    1289.08                                            360                                      357                                        7.345                    0
         1109                                  346400                    2237.17                                            360                                      357                                        7.345                    0
         1110                               299757.33                    1942.67                                            360                                      357                                        7.345                    0
         1111                                  279900                    1807.69                                            360                                      357                                        7.345                    0
         1112                                  240000                       1550                                            360                                      357                                        7.345                    0
         1113                                  276091                    1696.81                                            360                                      360                                         6.97                    0
         1114                                  291250                    1759.64                                            360                                      358                                        6.845                    0
         1115                                  368000                    2261.67                                            360                                      359                                         6.97                    0
         1116                                  359992                    2287.45                                            360                                      359                                         7.22                    0
         1117                                  591000                    4607.25                                            360                                      360                                         8.37                    0
         1118                               972377.73                    6424.46                                            360                                      359                                        6.645                    0
         1119                                  324000                     2227.5                                            360                                      359                                        7.845                    0
         1120                               494607.27                    3545.17                                            360                                      359                                         7.47                    0
         1121                                  176650                    1012.06                                            360                                      359                                         6.47                    0
         1122                                  572700                    3571.74                                            360                                      360                                        7.079                    0
         1123                                  332000                    2040.42                                            360                                      359                                         6.97                    0
         1124                                   49000                     428.75                                            180                                      173                                         9.72                    0
         1125                                89336.64                     568.86                                            180                                      172                                         5.72                    0
         1126                                  168000                      962.5                                            360                                      360                                         6.47                    0
         1127                                  191200                    1234.83                                            360                                      359                                        7.345                    0
         1128                                  247200                    1570.75                                            360                                      360                                         7.22                    0
         1129                              1632475.61                   10514.19                                            360                                      359                                        6.395                    0
         1130                                  220000                    1306.25                                            360                                      359                                         6.72                    0
         1131                                  211500                    1101.56                                            360                                      358                                        5.845                    0
         1132                                54015.76                      546.6                                            180                                      173                                        10.97                    0
         1133                                  328000                     1910.6                                            360                                      359                                        6.585                    0
         1134                                  230600                    1441.25                                            360                                      360                                        7.095                    0
         1135                                  600000                       3475                                            360                                      357                                        6.545                    0
         1136                                  391000                    1873.54                                            360                                      353                                        4.575                 0.77
         1137                                47245.47                      411.6                                            180                                      173                                        9.095                    0
         1138                                  300000                    1843.75                                            360                                      358                                         6.97                    0
         1139                                74531.66                     518.01                                            180                                      172                                        6.595                    0
         1140                                  316000                       1975                                            360                                      358                                        7.095                    0
         1141                                  233600                     1343.2                                            360                                      357                                        6.495                    0
         1142                                  147200                    1036.53                                            360                                      357                                        8.045                    0
         1143                              1032888.59                    6652.46                                            360                                      359                                        6.395                    0
         1144                                  383200                       2395                                            360                                      359                                        7.095                    0
         1145                                  875000                    5458.86                                            360                                      360                                        6.095                    0
         1146                                  990000                    6273.76                                            360                                      360                                        6.245                    0
         1147                                  100000                     635.42                                            360                                      358                                         7.22                    0
         1148                                  592500                    3456.25                                            360                                      359                                        6.595                    0
         1149                                  937500                    5664.06                                            360                                      360                                        6.845                    0
         1150                                  484750                    2777.21                                            360                                      359                                         6.47                    0
         1151                               399572.37                    2302.63                                            360                                      359                                         5.22                    0
         1152                                  266000                    1604.31                                            360                                      360                                        6.832                    0
         1153                                   96000                        740                                            360                                      360                                        8.845                    0
         1154                               499805.54                    3800.36                                            360                                      359                                        8.095                    0
         1155                                  612500                    4236.46                                            360                                      359                                        7.895                    0
         1156                                  286000                    1698.12                                            360                                      360                                         6.72                    0
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         1223                                  372000                     2092.5                                            360                                      357                                        6.345                    0
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         1245                                  399960                     2333.1                                            360                                      359                                        6.595                    0
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         1285                                  288000                       1800                                            360                                      360                                        7.095                    0
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         1323                                  448000                       2800                                            360                                      359                                        7.095                    0
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         1373                               772020.65                    5152.44                                            360                                      359                                        6.745                    0
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         1375                                  324000                       2025                                            360                                      358                                        7.095                    0
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         1378                                  284000                       1775                                            360                                      359                                        7.095                    0
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         1380                                  356000                     2180.5                                            360                                      359                                        6.945                    0
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         1385                                  504800                       3155                                            360                                      358                                        7.095                    0
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         1391                                  344000                     2405.3                                            360                                      360                                        7.095                    0
         1392                                  315000                    1935.94                                            360                                      360                                         6.97                    0
         1393                                  455200                     3015.7                                            360                                      359                                        7.545                    0
         1394                               278865.66                    2042.28                                            360                                      359                                        7.695                    0
         1395                                  293600                       1835                                            360                                      359                                        7.095                    0
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         1397                                   37200                     348.75                                            180                                      172                                        10.47                    0
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         1402                                  510000                       2975                                            360                                      359                                        6.595                    0
         1403                                  464000                     3165.3                                            360                                      360                                        6.845                    0
         1404                                  270000                    1518.75                                            360                                      359                                        6.345                    0
         1405                                   71980                     599.83                                            180                                      172                                         9.22                    0
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         1408                                  492400                     3077.5                                            360                                      360                                        7.095                    0
         1409                                  273750                    1682.42                                            360                                      358                                         6.97                    0
         1410                                   68000                     672.92                                            180                                      175                                       11.095                    0
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         1412                                  393750                    2329.69                                            360                                      358                                        6.695                    0
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         1416                                  342240                    2103.35                                            360                                      360                                         6.97                    0
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         1419                                  488000                    2541.67                                            360                                      360                                        5.845                    0
         1420                                  335200                    1613.15                                            360                                      358                                         5.37                    0
         1421                                  650000                    3791.67                                            360                                      359                                        6.595                    0
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         1424                                  282000                     1762.5                                            360                                      359                                        7.095                    0
         1425                                  554000                    3000.83                                            360                                      358                                        6.095                    0
         1426                               261447.89                    1497.89                                            360                                      358                                         6.47                    0
         1427                                  337500                    1828.13                                            360                                      358                                        6.095                    0
         1428                              3241820.32                   19889.93                                            360                                      358                                         5.92                    0
         1429                                  259350                    1539.89                                            360                                      360                                         6.72                    0
         1430                                   74603                     676.09                                            180                                      172                                       10.095                    0
         1431                               146226.52                    1052.25                                            360                                      358                                         8.22                    0
         1432                                  297000                    1670.63                                            360                                      358                                        6.345                    0
         1433                                39872.31                     369.64                                            180                                      172                                        9.845                    0
         1434                                  219200                    1347.17                                            360                                      358                                         6.97                    0
         1435                               376240.82                     2308.4                                            360                                      358                                         5.92                    0
         1436                                  184550                    1095.77                                            360                                      358                                         6.72                    0
         1437                                347960.5                       2320                                            360                                      358                                        7.595                    0
         1438                                  454000                    2364.58                                            360                                      358                                        5.845                    0
         1439                               371206.25                    1856.25                                            360                                      353                                        5.595                    0
         1440                                  123000                     801.55                                            360                                      360                                        7.415                    0
         1441                                  319200                     1795.5                                            360                                      358                                        6.345                    0
         1442                                  180000                      997.5                                            360                                      360                                        6.245                    0
         1443                                  240000                       1525                                            360                                      358                                         7.22                    0
         1444                               337808.15                     2072.6                                            360                                      358                                         5.92                    0
         1445                               116636.39                    1092.17                                            180                                      172                                         9.97                    0
         1446                                  164000                    1042.08                                            360                                      359                                         7.22                    0
         1447                              2495627.67                   15311.72                                            360                                      358                                         5.92                    0
         1448                                  120800                     918.58                                            360                                      358                                         8.72                    0
         1449                                88928.93                     676.77                                            360                                      358                                         7.97                    0
         1450                              1407034.87                    8632.75                                            360                                      358                                         5.92                    0
         1451                                  340000                    2160.42                                            360                                      358                                         7.22                    0
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         1483                                  448000                       2800                                            360                                      360                                        7.095                    0
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         1529                                  460000                     2587.5                                            360                                      358                                        6.345                    0
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         1567                                  383790                     2918.4                                            360                                      359                                         7.26                 1.46
         1568                                  237300                    1359.53                                            360                                      360                                         6.47                    0
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         1570                                  416000                       2340                                            360                                      360                                        6.345                    0
         1571                                  153500                     959.37                                            360                                      358                                        7.095                    0
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         1584                                  378000                    2008.13                                            360                                      360                                         5.97                    0
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         1610                                  398791                    2118.58                                            360                                      358                                         5.97                    0
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         1647                                  472000                     3097.5                                            360                                      358                                         7.47                    0
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         1678                                  318200                    1988.75                                            360                                      358                                        7.095                    0
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         1686                                  155650                     891.74                                            360                                      360                                         6.47                    0
         1687                                  292000                    1849.33                                            360                                      359                                        7.195                    0
         1688                               123032.76                    1153.78                                            180                                      169                                         9.97                    0
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         1690                                  152000                     934.17                                            360                                      360                                         6.97                    0
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         1693                                  210350                    1358.51                                            360                                      360                                        7.345                    0
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         1699                                  312000                       1950                                            360                                      359                                        7.095                    0
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         1701                                   56250                     357.42                                            360                                      359                                         7.22                    0
         1702                                  384800                    2124.42                                            360                                      359                                         6.22                    0
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         1706                                  333000                    1630.31                                            360                                      358                                         5.47                    0
         1707                                  160650                    1054.27                                            360                                      358                                         7.47                    0
         1708                                42831.39                     482.39                                            180                                      178                                        12.47                    0
         1709                                  144440                     947.89                                            360                                      358                                         7.47                    0
         1710                                  264000                       1650                                            360                                      357                                        7.095                    0
         1711                                  564000                       3196                                            360                                      358                                        6.395                    0
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         1714                                43820.01                     451.74                                            180                                      171                                        11.21                    0
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         1716                                  224000                    1306.67                                            360                                      359                                        6.595                    0
         1717                                296826.8                    2053.94                                            360                                      359                                        7.545                    0
         1718                                   59970                     537.23                                            180                                      171                                         9.97                    0
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         1720                                  188950                    1180.94                                            360                                      359                                        7.095                    0
         1721                                  341600                       2135                                            360                                      358                                        7.095                    0
         1722                                  351200                    2012.08                                            360                                      357                                         6.47                    0
         1723                                  336000                       1995                                            360                                      358                                         6.72                    0
         1724                                  325600                     1831.5                                            360                                      359                                        6.345                    0
         1725                               115348.15                     954.14                                            180                                      170                                         8.47                    0
         1726                               203616.37                    1425.84                                            360                                      358                                        7.095                    0
         1727                                  145000                     984.79                                            360                                      359                                        7.745                    0
         1728                               805722.73                    5283.03                                            360                                      359                                         6.57                    0
         1729                                  107600                     874.25                                            180                                      170                                         8.97                    0
         1730                                  432000                       2250                                            360                                      359                                        5.845                    0
         1731                                  309600                    2031.75                                            360                                      357                                         7.47                    0
         1732                                  199900                    1333.33                                            360                                      357                                        7.595                    0
         1733                                  184000                       1265                                            360                                      357                                        7.845                    0
         1734                                  172000                       1290                                            360                                      360                                        8.595                    0
         1735                                  559200                     2912.5                                            360                                      360                                        5.845                    0
         1736                                  500000                    4204.27                                            360                                      360                                        9.095                    0
         1737                                  220000                    1420.83                                            360                                      358                                        7.345                    0
         1738                                  188150                    1299.51                                            360                                      360                                         6.97                    0
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         1740                                  462000                    3050.46                                            360                                      360                                        6.645                    0
         1741                                  140000                      962.5                                            360                                      357                                        7.845                    0
         1742                                  262500                    1976.69                                            360                                      360                                        7.995                    0
         1743                                  166000                    1175.83                                            360                                      357                                        8.095                    0
         1744                                  820000                    5832.14                                            360                                      360                                        7.395                    0
         1745                                  271900                    1954.28                                            360                                      357                                         8.22                    0
         1746                                 1380000                    8836.29                                            360                                      360                                        6.345                    0
         1747                                  299200                    1714.17                                            360                                      358                                         6.47                    0
         1748                                 1260000                    8531.42                                            360                                      360                                        6.895                    0
         1749                                119438.9                     836.38                                            360                                      358                                        7.095                    0
         1750                                  189000                    1358.44                                            360                                      357                                         8.22                    0
         1751                                  415000                    3009.04                                            360                                      360                                        7.595                    0
         1752                                   52500                        350                                            360                                      355                                        7.595                    0
         1753                                  181600                    1324.17                                            360                                      357                                        8.345                    0
         1754                               897854.54                    5693.91                                            360                                      359                                        6.245                    0
         1755                                  264000                     1952.5                                            360                                      357                                         8.47                    0
         1756                               118061.46                     837.46                                            360                                      357                                         7.22                    0
         1757                                  700000                    4435.99                                            360                                      360                                        6.245                    0
         1758                                179880.6                    1218.75                                            360                                      357                                         7.72                    0
         1759                                  690000                    4555.88                                            360                                      360                                        6.645                    0
         1760                                  260000                    1597.92                                            360                                      357                                         6.97                    0
         1761                                  288000                       1950                                            360                                      357                                         7.72                    0
         1762                                  288000                       1800                                            360                                      357                                        7.095                    0
         1763                                  855000                    4898.44                                            360                                      359                                         6.47                    0
         1764                                  258000                       1591                                            360                                      355                                        6.995                    0
         1765                               151659.45                    1062.81                                            360                                      357                                        7.095                    0
         1766                               225094.56                    1577.43                                            360                                      357                                        7.095                    0
         1767                               484743.23                     3399.5                                            360                                      359                                        7.245                    0
         1768                                 1625000                    9039.06                                            360                                      360                                        6.395                    0
         1769                                  528000                       3190                                            360                                      357                                        6.845                    0
         1770                                  552500                    3740.96                                            360                                      360                                        6.895                    0
         1771                                  547200                     3328.8                                            360                                      357                                        6.895                    0
         1772                                  384000                       2200                                            360                                      357                                         6.47                    0
         1773                                 2100000                   12964.23                                            360                                      360                                        5.995                    0
         1774                                  283143                    1533.69                                            360                                      357                                        6.095                    0
         1775                                  541000                    3885.14                                            360                                      360                                        7.495                    0
         1776                                  186400                    1223.25                                            360                                      358                                         7.47                    0
         1777                                  314720                    1980.11                                            360                                      357                                        7.145                    0
         1778                                  291000                    1758.13                                            360                                      357                                        6.845                    0
         1779                                 1500000                    9162.71                                            360                                      360                                        5.895                    0
         1780                                  173200                    1226.83                                            360                                      357                                        8.095                    0
         1781                                  304000                       1995                                            360                                      358                                         7.47                    0
         1782                                  810000                    5470.79                                            360                                      360                                         6.87                    0
         1783                                  198800                     1242.5                                            360                                      357                                        7.095                    0
         1784                                  301191                    1706.75                                            360                                      357                                        6.395                    0
         1785                                  915000                    5858.85                                            360                                      360                                        6.345                    0
         1786                                  125600                        785                                            360                                      358                                        7.095                    0
         1787                                  300000                    1656.25                                            360                                      359                                         6.22                    0
         1788                                  279900                    2070.09                                            360                                      358                                         8.47                    0
         1789                                  800000                       4400                                            360                                      360                                         6.32                    0
         1790                                  517477                    3951.48                                            360                                      360                                        8.145                    0
         1791                                  303200                     2084.5                                            360                                      358                                        7.845                    0
         1792                                309339.9                    2033.85                                            360                                      359                                         6.47                    0
         1793                               301715.07                    1939.51                                            360                                      317                                         5.97                    0
         1794                                  417000                       2780                                            360                                      358                                        7.595                    0
         1795                              1346086.79                    8228.38                                            360                                      318                                         5.47                    0
         1796                                  402600                    2222.69                                            360                                      359                                         6.22                    0
         1797                                  283150                    1622.21                                            360                                      359                                         6.47                    0
         1798                              1215230.94                    7614.29                                            360                                      318                                         5.72                    0
         1799                               383552.89                    2462.87                                            360                                      318                                         5.97                    0
         1800                                  435200                    2357.33                                            360                                      358                                        6.095                    0
         1801                                  700000                    4424.48                                            360                                      360                                         6.22                    0
         1802                               283490.76                    2203.87                                            360                                      357                                        8.195                    0
         1803                              1798457.81                   11704.69                                            360                                      360                                        6.495                    0
         1804                                  287840                    1649.08                                            360                                      358                                         6.47                    0
         1805                                  216000                       1215                                            360                                      358                                        6.345                    0
         1806                                  698600                    4584.56                                            360                                      355                                         7.47                    0
         1807                                  299920                    1687.05                                            360                                      358                                        6.345                    0
         1808                                  300000                       1375                                            360                                      360                                        5.095                    0
         1809                                  105600                        682                                            360                                      358                                        7.345                    0
         1810                                  486000                    3274.27                                            360                                      360                                        6.845                    0
         1811                                 2700000                   16844.49                                            360                                      360                                        6.095                    0
         1812                               334023.67                    2660.64                                            360                                      358                                         8.47                    0
         1813                                  393750                     1845.7                                            360                                      358                                         5.22                    0
         1814                                  400000                    2458.33                                            360                                      358                                         6.97                    0
         1815                                71960.82                     754.49                                            360                                      358                                       11.845                    0
         1816                                  360000                       2025                                            360                                      358                                        6.345                    0
         1817                                  220000                    1260.42                                            360                                      358                                         6.47                    0
         1818                                  191500                    1057.24                                            360                                      358                                         6.22                    0
         1819                                  348000                       1740                                            360                                      358                                        5.595                    0
         1820                                  418000                    2438.33                                            360                                      358                                        6.595                    0
         1821                                  432000                       2160                                            360                                      358                                        5.595                    0
         1822                                  296800                    1978.67                                            360                                      359                                        7.595                    0
         1823                               130312.33                     955.92                                            360                                      359                                        7.585                    0
         1824                                  424000                    2526.33                                            360                                      359                                        6.745                    0
         1825                                  300000                     1962.5                                            360                                      359                                        7.445                    0
         1826                                  212000                    1263.17                                            360                                      359                                        6.745                    0
         1827                               439816.56                    2911.52                                            360                                      359                                        7.145                    0
         1828                                  472000                       3245                                            360                                      359                                        7.845                    0
         1829                                  367200                       2448                                            360                                      358                                        7.595                    0
         1830                                  498000                    2884.25                                            360                                      360                                         6.67                    0
         1831                                  423873                    2649.21                                            360                                      358                                        7.095                    0
         1832                                  390000                    2396.88                                            360                                      358                                         6.97                    0
         1833                                  304000                    2294.55                                            360                                      360                                         8.02                    0
         1834                                  208000                    1191.67                                            360                                      358                                         6.47                    0
         1835                                 2700000                    17467.3                                            360                                      360                                        6.445                    0
         1836                                  649600                    3518.67                                            360                                      358                                        6.095                    0
         1837                                  144800                     889.92                                            360                                      359                                         6.97                    0
         1838                                  495000                    2629.69                                            360                                      358                                         5.97                    0
         1839                                  548000                    3664.28                                            360                                      360                                         6.77                    0
         1840                                  438000                     2372.5                                            360                                      358                                        6.095                    0
         1841                                  328800                     1986.5                                            360                                      358                                        6.845                    0
         1842                                 1300000                    8410.18                                            360                                      360                                        6.445                    0
         1843                                  504000                     2677.5                                            360                                      358                                         5.97                    0
         1844                                  281400                    1846.69                                            360                                      358                                         7.47                    0
         1845                                  318750                    2496.23                                            360                                      360                                         8.42                    0
         1846                                  560000                    3383.33                                            360                                      358                                        6.845                    0
         1847                                  139930                     932.87                                            360                                      358                                        7.595                    0
         1848                                  446250                    2733.28                                            360                                      360                                         7.07                    0
         1849                                  220000                    1443.75                                            360                                      358                                         7.47                    0
         1850                                  186400                     1048.5                                            360                                      358                                        6.345                    0
         1851                                  388000                    2384.58                                            360                                      358                                         6.97                    0
         1852                                  356250                    1929.69                                            360                                      358                                        6.095                    0
         1853                                  188000                    1116.25                                            360                                      359                                         6.72                    0
         1854                                  213200                    1288.08                                            360                                      358                                        6.845                    0
         1855                                  471344                    3433.94                                            360                                      360                                        7.645                    0
         1856                               999117.72                    6403.11                                            360                                      360                                        6.345                    0
         1857                                  262750                    1341.12                                            360                                      359                                         5.72                    0
         1858                                 1525000                    8959.37                                            360                                      360                                         6.77                    0
         1859                                  788000                    5878.48                                            360                                      360                                        7.895                    0
         1860                               267936.13                    1312.08                                            360                                      358                                         5.47                    0
         1861                                  434000                    3314.04                                            360                                      360                                        8.145                    0
         1862                               631824.14                    4441.86                                            360                                      359                                        7.695                    0
         1863                               203853.09                    1447.41                                            360                                      359                                        7.245                    0
         1864                                  480000                       2750                                            360                                      358                                         6.47                    0
         1865                                  160680                    1010.95                                            360                                      359                                        7.145                    0
         1866                               423700.75                    3037.59                                            360                                      359                                        7.345                    0
         1867                               275922.08                    1929.42                                            360                                      359                                        7.645                    0
         1868                                  300000                     1962.5                                            360                                      359                                        7.445                    0
         1869                               292409.95                    1979.11                                            360                                      359                                        7.345                    0
         1870                               499647.11                    3582.06                                            360                                      359                                        7.345                    0
         1871                                  336000                       1953                                            360                                      359                                         6.57                    0
         1872                                  235200                     1342.6                                            360                                      359                                        6.445                    0
         1873                                  303200                    1756.03                                            360                                      359                                        6.545                    0
         1874                                   88900                     564.89                                            360                                      360                                         7.22                    0
         1875                                  661500                    3652.03                                            360                                      359                                         6.22                    0
         1876                                  435000                    2129.69                                            360                                      359                                         5.47                    0
         1877                                  481600                     2558.5                                            360                                      359                                         5.97                    0
         1878                                 1000000                    5520.83                                            360                                      359                                         6.22                    0
         1879                                  425000                    2346.35                                            360                                      360                                         6.22                    0
         1880                                  106400                     842.33                                            360                                      360                                        9.095                    0
         1881                                  612000                     3697.5                                            360                                      360                                        6.845                    0
         1882                                  462400                    2408.33                                            360                                      360                                        5.845                    0
         1883                                  326400                       1870                                            360                                      359                                         6.47                    0
         1884                               179876.13                    1305.12                                            360                                      360                                         7.47                    0
         1885                                  540000                    3206.25                                            360                                      360                                         6.72                    0
         1886                                  430000                    2284.37                                            360                                      360                                         5.97                    0
         1887                                  212000                    1545.83                                            360                                      359                                        8.345                    0
         1888                                  253400                    1530.96                                            360                                      359                                        6.845                    0
         1889                                  122400                      739.5                                            360                                      358                                        6.845                    0
         1890                                  122400                     752.25                                            360                                      358                                         6.97                    0
         1891                                  272000                    1728.33                                            360                                      359                                         7.22                    0
         1892                                  302400                     1858.5                                            360                                      360                                         6.97                    0
         1893                                  994000                    5384.17                                            360                                      359                                        6.095                    0
         1894                                  304000                    1963.33                                            360                                      359                                        7.345                    0
         1895                                  264000                    2053.36                                            360                                      360                                        8.345                    0
         1896                                  101125                     831.93                                            360                                      360                                        8.845                    0
         1897                                  938400                    6008.68                                            360                                      360                                        6.345                    0
         1898                                  264000                     1457.5                                            360                                      358                                         6.22                    0
         1899                                  460000                    2945.43                                            360                                      360                                        6.345                    0
         1900                                  392000                    2368.33                                            360                                      358                                        6.845                    0
         1901                                  610000                    4058.35                                            360                                      360                                         6.72                    0
         1902                                  184100                     978.03                                            360                                      358                                         5.97                    0
         1903                               339580.83                    2348.99                                            360                                      358                                         6.22                 0.75
         1904                              5346396.88                      34700                                            360                                      359                                         6.47                    0
         1905                               143898.37                    1031.63                                            360                                      359                                        7.345                    0
         1906                                  417000                    2562.81                                            360                                      359                                         6.97                    0
         1907                                  209900                    1202.55                                            360                                      359                                         6.47                    0
         1908                                  228000                     1187.5                                            360                                      359                                        5.845                    0
         1909                                  202400                    1117.42                                            360                                      359                                         6.22                    0
         1910                                  324000                       2025                                            360                                      360                                        7.095                    0
         1911                                  531650                    3212.05                                            360                                      359                                        6.845                    0
         1912                                  299250                    1683.28                                            360                                      359                                        6.345                    0
         1913                                  160000                     833.33                                            360                                      360                                        5.845                    0
         1914                                  200000                    1020.83                                            360                                      357                                         5.72                    0
         1915                               504163.16                    2586.54                                            360                                      359                                         5.72                    0
         1916                                  270000                    1406.25                                            360                                      359                                        5.845                    0
         1917                                  387712                    1938.56                                            360                                      359                                        5.595                    0
         1918                                  510000                     3187.5                                            360                                      360                                        7.095                    0
         1919                               183554.78                    1362.38                                            360                                      357                                        7.695                    0
         1920                                  560000                    3558.33                                            360                                      360                                         7.22                    0
         1921                                  454800                    2823.55                                            360                                      358                                        7.045                    0
         1922                                  415200                    2638.25                                            360                                      358                                         7.22                    0
         1923                                  451600                    3408.61                                            360                                      360                                         8.02                    0
         1924                                  900000                    5837.38                                            360                                      360                                         6.47                    0
         1925                                  745500                    3882.81                                            360                                      358                                        5.845                    0
         1926                                 1090000                    6108.54                                            360                                      360                                        6.445                    0
         1927                                  830000                    5328.31                                            360                                      360                                         6.37                    0
         1928                                  650000                    4401.04                                            360                                      359                                         7.72                    0
         1929                                 5300000                    33065.1                                            360                                      360                                        6.095                    0
         1930                                   92800                     599.33                                            360                                      357                                        7.345                    0
         1931                                  444000                    2358.75                                            360                                      360                                         5.97                    0
         1932                                 1035000                    6627.22                                            360                                      360                                        6.345                    0
         1933                                  352000                    2053.33                                            360                                      359                                        6.595                    0
         1934                                  188000                     1057.5                                            360                                      360                                        6.345                    0
         1935                               247763.56                    1601.67                                            360                                      357                                        7.345                    0
         1936                                 1700000                   10885.29                                            360                                      360                                        6.345                    0
         1937                                  308000                       1925                                            360                                      359                                        7.095                    0
         1938                                  359950                    2324.68                                            360                                      357                                        7.345                    0
         1939                                  136000                     882.09                                            360                                      360                                        6.345                    0
         1940                                  495250                    2837.37                                            360                                      360                                         6.47                    0
         1941                                  396000                       2310                                            360                                      359                                        6.595                    0
         1942                                  603000                    3354.19                                            360                                      360                                        6.395                    0
         1943                                  285550                    1873.92                                            360                                      357                                         7.47                    0
         1944                                  240000                       1525                                            360                                      359                                         7.22                    0
         1945                                 1079000                    6998.37                                            360                                      360                                         6.47                    0
         1946                                  260000                    1706.25                                            360                                      357                                         7.47                    0
         1947                                  196000                       1225                                            360                                      360                                        7.095                    0
         1948                               598471.52                    3835.46                                            360                                      359                                         6.22                    0
         1949                                  344000                     2257.5                                            360                                      357                                         7.47                    0
         1950                                  650000                       3250                                            360                                      360                                        5.595                    0
         1951                                  413000                    2583.34                                            360                                      360                                         6.12                    0
         1952                                  169600                       1272                                            360                                      360                                        8.595                    0
         1953                                  378000                    1976.63                                            360                                      360                                         5.87                    0
         1954                                  176000                    1136.67                                            360                                      359                                        7.345                    0
         1955                                  123750                     844.19                                            360                                      360                                        6.845                    0
         1956                                  382500                    1904.53                                            360                                      360                                         5.57                    0
         1957                                  426100                    2574.35                                            360                                      359                                        6.845                    0
         1958                                  250000                    1588.54                                            360                                      360                                         7.22                    0
         1959                                  315000                    1706.25                                            360                                      359                                        6.095                    0
         1960                               395316.18                    2568.45                                            360                                      359                                        6.345                    0
         1961                                  624750                    3488.19                                            360                                      360                                        6.295                    0
         1962                                  288750                    1681.97                                            360                                      360                                        6.585                    0
         1963                                  373097                    2370.72                                            360                                      359                                         7.22                    0
         1964                                  568000                    3490.83                                            360                                      359                                         6.97                    0
         1965                                  428000                    2362.92                                            360                                      359                                         6.22                    0
         1966                                  176000                    1136.67                                            360                                      359                                        7.345                    0
         1967                               524569.66                    3492.84                                            360                                      359                                        6.595                    0
         1968                                  144900                     784.88                                            360                                      360                                        6.095                    0
         1969                                  294450                    1778.97                                            360                                      359                                        6.845                    0
         1970                                  588000                    3736.25                                            360                                      359                                         7.22                    0
         1971                                  418400                     2353.5                                            360                                      359                                        6.345                    0
         1972                                  175000                    1075.52                                            360                                      360                                         6.97                    0
         1973                                  430400                    2600.33                                            360                                      359                                        6.845                    0
         1974                                  350000                    2151.04                                            360                                      360                                         6.97                    0
         1975                                  151200                     992.25                                            360                                      360                                         7.47                    0
         1976                                  319500                    1797.19                                            360                                      360                                        6.345                    0
         1977                                  172500                    1221.88                                            360                                      359                                        8.095                    0
         1978                                  140000                     990.91                                            360                                      360                                         7.22                    0
         1979                                  331500                    1830.16                                            360                                      360                                         6.22                    0
         1980                               168630.89                    1208.95                                            360                                      360                                        7.345                    0
         1981                                  360000                     1987.5                                            360                                      360                                         6.22                    0
         1982                                  326250                     1733.2                                            360                                      360                                         5.97                    0
         1983                                  280000                       1575                                            360                                      360                                        6.345                    0
         1984                                  391930                    3008.12                                            360                                      360                                        8.545                    0
         1985                                  251000                    1438.02                                            360                                      360                                         6.47                    0
         1986                                  202400                    1412.58                                            360                                      358                                         7.97                    0
         1987                                  152550                     937.55                                            360                                      359                                         6.97                    0
         1988                                  340000                    2054.17                                            360                                      359                                        6.845                    0
         1989                                  622500                    4037.52                                            360                                      360                                        6.345                    0
         1990                               109593.48                     787.75                                            360                                      358                                         8.22                    0
         1991                                  240000                       1571                                            360                                      360                                         7.45                    0
         1992                               147995.94                     971.25                                            360                                      354                                         7.47                    0
         1993                                  348000                     2537.5                                            360                                      358                                        8.345                    0
         1994                                   32000                        280                                            180                                      173                                         9.72                    0
         1995                                  123200                     898.33                                            360                                      358                                        8.345                    0
         1996                                  260400                       1953                                            360                                      358                                        8.595                    0
         1997                               333572.14                     2154.5                                            360                                      353                                         7.72                    0
         1998                                  568000                    3715.67                                            360                                      359                                        7.445                    0
         1999                                  200000                    1291.67                                            360                                      359                                        7.345                    0
         2000                                  330400                     1858.5                                            360                                      359                                        6.345                    0
         2001                                  504750                    3659.79                                            360                                      360                                         7.47                    0
         2002                                  212736                    1174.48                                            360                                      359                                         6.22                    0
         2003                                  140000                      962.5                                            360                                      360                                        7.845                    0
         2004                                   30000                     268.75                                            180                                      174                                         9.97                    0
         2005                                  360000                       2325                                            360                                      360                                        7.345                    0
         2006                                  213000                    1153.75                                            360                                      359                                        6.095                    0
         2007                                37884.01                     319.78                                            180                                      174                                        9.345                    0
         2008                                  881250                    5048.83                                            360                                      357                                         6.47                    0
         2009                                  471200                    2552.33                                            360                                      360                                        6.095                    0
         2010                                53896.51                     504.08                                            180                                      175                                         9.97                    0
         2011                                  224000                    1373.68                                            360                                      360                                        6.954                    0
         2012                               619352.65                    2970.83                                            360                                      359                                        5.345                    0
         2013                               140999.85                    1321.88                                            180                                      174                                        10.47                    0
         2014                                  750000                     4687.5                                            360                                      360                                        7.095                    0
         2015                                  520000                     2762.5                                            360                                      359                                         5.97                    0
         2016                                  480000                       2900                                            360                                      360                                        6.845                    0
         2017                                  272048                    1927.01                                            360                                      360                                        8.095                    0
         2018                                99742.97                      896.1                                            180                                      174                                         9.47                    0
         2019                                  185600                       1102                                            360                                      360                                         6.72                    0
         2020                                  344250                     2115.7                                            360                                      360                                         6.97                    0
         2021                                65561.53                     703.85                                            240                                      234                                        10.72                    0
         2022                                  712000                    3856.67                                            360                                      359                                        6.095                    0
         2023                                  210000                    1310.13                                            360                                      360                                         5.97                    0
         2024                                   89123                     881.95                                            180                                      173                                       11.095                    0
         2025                                  120000                     1162.5                                            180                                      173                                       10.845                    0
         2026                                  330375                    2023.55                                            360                                      360                                        6.945                    0
         2027                                  348650                    2396.97                                            360                                      360                                        7.845                    0
         2028                                42191.13                     304.48                                            180                                      170                                         6.97                    0
         2029                                  354450                    2178.39                                            360                                      359                                         6.97                    0
         2030                                  274400                    1629.25                                            360                                      360                                         6.72                    0
         2031                                  266700                    1527.97                                            360                                      360                                         6.47                    0
         2032                                  188000                    1253.33                                            360                                      360                                        7.595                    0
         2033                                  248500                    1447.51                                            360                                      359                                        6.585                    0
         2034                                  308000                       2310                                            360                                      360                                        8.595                    0
         2035                               809941.83                    4809.37                                            360                                      354                                         6.72                    0
         2036                                  272000                       1615                                            360                                      360                                         6.72                    0
         2037                                  135000                     829.69                                            360                                      360                                         6.97                    0
         2038                                   30400                        323                                            180                                      174                                        11.97                    0
         2039                                  181600                    1192.98                                            360                                      360                                         6.47                    0
         2040                                  289200                    1626.75                                            360                                      358                                        6.345                    0
         2041                                  383200                    2275.25                                            360                                      358                                         6.72                    0
         2042                                  281600                    1613.33                                            360                                      359                                         6.47                    0
         2043                                  330000                     1787.5                                            360                                      358                                        6.095                    0
         2044                                  316000                    1909.17                                            360                                      360                                        6.845                    0
         2045                                  577500                    3363.94                                            360                                      360                                        6.585                    0
         2046                               104365.75                    1065.75                                            180                                      175                                        11.47                    0
         2047                                  192000                       1100                                            360                                      358                                         6.47                    0
         2048                                  302500                    1670.05                                            360                                      359                                         6.22                    0
         2049                                  171000                     944.06                                            360                                      358                                         6.22                    0
         2050                                  198650                    1239.32                                            360                                      360                                         5.97                    0
         2051                                  301250                    1694.53                                            360                                      359                                        6.345                    0
         2052                                  276050                     1667.8                                            360                                      360                                        6.845                    0
         2053                                  471200                    2748.67                                            360                                      358                                        6.595                    0
         2054                                  495000                    2990.63                                            360                                      354                                        7.845                    0
         2055                                  375900                    2114.44                                            360                                      360                                        6.345                    0
         2056                                  163750                     921.09                                            360                                      358                                        6.345                    0
         2057                                  550000                     3437.5                                            360                                      358                                        7.095                    0
         2058                                  492000                    3126.25                                            360                                      358                                         7.22                    0
         2059                                  158900                    1124.68                                            360                                      360                                         7.22                    0
         2060                                  484000                    3277.08                                            360                                      358                                         7.72                    0
         2061                                  236600                    1207.65                                            360                                      359                                         5.72                    0
         2062                                  403500                    2350.39                                            360                                      360                                        6.585                    0
         2063                                  128000                    1533.33                                            180                                      175                                       13.595                    0
         2064                                  624000                       3575                                            360                                      360                                         6.47                    0
         2065                                  564000                    3936.25                                            360                                      359                                         7.97                    0
         2066                                  504000                     3412.5                                            360                                      359                                         7.72                    0
         2067                                56969.06                     599.69                                            180                                      174                                       11.845                    0
         2068                                   70000                     459.38                                            360                                      360                                         7.47                    0
         2069                                  235000                     2472.4                                            180                                      174                                       11.845                    0
         2070                                  298000                       1490                                            360                                      357                                        5.595                    0
         2071                                  130600                     734.63                                            360                                      360                                        6.345                    0
         2072                                  252000                     1312.5                                            360                                      358                                        5.845                    0
         2073                                  373950                    1791.84                                            360                                      359                                        5.345                    0
         2074                                  131800                      755.1                                            360                                      360                                         6.47                    0
         2075                                  280900                    1521.54                                            360                                      360                                        6.095                    0
         2076                                  225200                    1290.21                                            360                                      359                                         6.47                    0
         2077                                  507500                    2801.82                                            360                                      360                                         6.22                    0
         2078                                  326000                    2141.59                                            360                                      360                                         6.47                    0
         2079                                  800000                    5583.33                                            360                                      358                                         7.97                    0
         2080                                82436.67                     760.14                                            180                                      172                                        10.21                    0
         2081                                   60000                      612.5                                            180                                      174                                        11.47                    0
         2082                                  417000                     2432.5                                            360                                      358                                        6.595                    0
         2083                                   87500                     623.84                                            360                                      360                                        7.295                    0
         2084                                58478.24                     548.44                                            360                                      355                                        10.47                    0
         2085                                  398600                    2491.25                                            360                                      360                                        7.095                    0
         2086                                  107564                    1053.23                                            180                                      175                                        10.97                    0
         2087                                  468000                     3022.5                                            360                                      358                                        7.345                    0
         2088                                  463500                    2510.63                                            360                                      360                                        6.095                    0
         2089                                  365000                    1939.06                                            360                                      358                                         5.97                    0
         2090                                  319920                    2130.13                                            360                                      360                                        7.585                    0
         2091                                  287200                    1705.25                                            360                                      359                                         6.72                    0
         2092                                  471200                    2797.75                                            360                                      358                                         6.72                    0
         2093                                  236800                    1624.33                                            360                                      360                                         7.47                    0
         2094                                  187500                    1054.69                                            360                                      358                                        6.345                    0
         2095                                  120000                        650                                            360                                      359                                        6.095                    0
         2096                                  258750                     1483.5                                            360                                      360                                        6.475                    0
         2097                                  640500                    4264.66                                            360                                      360                                        7.585                    0
         2098                                  422500                    2813.15                                            360                                      360                                        7.585                    0
         2099                                  495000                    2990.63                                            360                                      360                                        6.845                    0
         2100                               174157.13                    1159.62                                            360                                      359                                        6.595                    0
         2101                                  290500                    1634.06                                            360                                      359                                        6.345                    0
         2102                                  550000                    3431.28                                            360                                      360                                         5.97                    0
         2103                                  285500                    2260.21                                            360                                      360                                        9.095                    0
         2104                                  460000                    2970.83                                            360                                      360                                        7.345                    0
         2105                                  260000                    1543.75                                            360                                      360                                         6.72                    0
         2106                                  418000                    2394.79                                            360                                      360                                         6.47                    0
         2107                                  383900                     1919.5                                            360                                      360                                        5.595                    0
         2108                                  339000                    1836.25                                            360                                      359                                        6.095                    0
         2109                                  213500                     1178.7                                            360                                      360                                         6.22                    0
         2110                                  131300                     642.82                                            360                                      359                                         5.47                    0
         2111                                  444500                    2685.52                                            360                                      360                                        6.845                    0
         2112                                  140000                     824.48                                            360                                      360                                        6.662                    0
         2113                                  195000                    1015.63                                            360                                      358                                        5.845                    0
         2114                                 1470000                    9126.25                                            360                                      360                                        7.045                    0
         2115                                  225000                    1770.08                                            360                                      360                                        8.345                    0
         2116                                  276600                    1354.19                                            360                                      360                                         5.47                    0
         2117                                  150000                     703.13                                            360                                      360                                         5.22                    0
         2118                                  495000                    3093.75                                            360                                      360                                        7.095                    0
         2119                               464609.34                    3054.72                                            360                                      359                                         6.47                    0
         2120                               419715.32                    3067.18                                            360                                      359                                        7.545                    0
         2121                                  155200                    1209.89                                            360                                      360                                        8.245                    0
         2122                                  447500                    2983.33                                            360                                      360                                        7.595                    0
         2123                                  227440                    1475.17                                            360                                      360                                        6.345                    0
         2124                               404111.47                    2622.98                                            360                                      359                                         6.97                    0
         2125                                71281.48                      772.8                                            240                                      231                                        10.82                    0
         2126                                  276500                    1980.88                                            360                                      360                                        7.345                    0
         2127                                87159.04                     907.73                                            240                                      232                                        10.21                    0
         2128                                31850.03                     299.45                                            180                                      172                                        10.02                    0
         2129                               191730.24                    1408.83                                            360                                      358                                        7.595                    0
         2130                                 79723.4                     716.88                                            180                                      172                                         9.47                    0
         2131                                87711.43                     804.97                                            180                                      172                                         9.72                    0
         2132                               124567.86                    1120.13                                            180                                      172                                         9.47                    0
         2133                               165652.99                       1160                                            360                                      358                                        7.095                    0
         2134                               377437.19                    2643.03                                            360                                      358                                        7.095                    0
         2135                                  285600                     1570.8                                            360                                      353                                        6.195                    0
         2136                               375999.09                    2127.54                                            360                                      354                                        6.385                    0
         2137                               374741.93                    2719.01                                            360                                      359                                         7.47                    0
         2138                               258208.29                    1652.27                                            360                                      359                                        6.845                    0
         2139                               389924.97                    2740.92                                            360                                      353                                        7.095                    0
         2140                                  452000                    3116.92                                            360                                      357                                         7.87                    0
         2141                                  300000                    2256.51                                            360                                      360                                        8.345                    0
         2142                                  430260                    2778.76                                            360                                      359                                        7.345                    0
         2143                                  229500                    1432.46                                            360                                      359                                        7.085                    0
         2144                               284802.87                     2061.5                                            360                                      360                                        7.445                    0
         2145                                  280000                       1400                                            360                                      359                                        5.595                    0
         2146                                  280000                    1283.33                                            360                                      358                                        5.095                    0
         2147                               338981.18                    2377.33                                            360                                      356                                        7.095                    0
         2148                                  358350                     2127.7                                            360                                      357                                         6.72                    0
         2149                               299596.08                    2201.29                                            360                                      358                                        7.595                    0
         2150                                  130000                     953.89                                            360                                      360                                        7.595                    0
         2151                                  555000                    3064.06                                            360                                      358                                        6.345                    0
         2152                                 5512500                   29285.16                                            360                                      358                                        6.095                    0
         2153                                  765000                    4223.44                                            360                                      360                                        6.345                    0
         2154                                  731250                    4037.11                                            360                                      360                                        6.345                    0
         2155                                  927100                    5118.36                                            360                                      360                                        6.345                    0
         2156                                32633.91                     392.08                                            180                                      172                                        10.92                    0
         2157                                26718.03                      283.3                                            240                                      231                                        10.47                    0
         2158                               110304.69                     973.28                                            180                                      171                                         9.21                    0
         2159                               496350.44                    3761.16                                            360                                      317                                         8.22                    0
         2160                                31066.18                     290.07                                            180                                      172                                         9.92                    0
         2161                                51334.33                     536.18                                            240                                      232                                        10.21                    0
         2162                                28878.03                     271.61                                            180                                      171                                        10.02                    0
         2163                               105645.94                    1008.66                                            180                                      171                                        10.21                    0
         2164                                 31719.3                     344.58                                            240                                      232                                        10.87                    0
         2165                                  132000                     838.75                                            360                                      351                                         7.22                    0
         2166                                24908.83                     219.39                                            180                                      172                                         9.22                    0
         2167                                 2500000                   15596.75                                            360                                      360                                        6.095                    0
         2168                                  140000                     889.58                                            360                                      359                                         7.22                    0
         2169                               148698.53                     992.58                                            360                                      356                                        6.595                    0
         2170                                  109400                     706.54                                            360                                      356                                        7.345                    0
         2171                               329184.04                    2249.14                                            360                                      358                                        6.845                    0
         2172                                  572500                    3675.25                                            360                                      360                                         6.37                    0
         2173                               196698.29                    1381.59                                            360                                      354                                        7.095                    0

           LOAN                  MSERV                   SERV_FEE                                 CURRENT_GROSS_COUPON       CITY1                                          STATE                              ZIP_CODE
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
            1                    0.03                       0.25                                            7.125          DALLAS                                            TX                                 75226
            2                    0.03                      0.375                                             7.25          MIDLOTHIAN                                        VA                                 23112
            3                    0.03                      0.375                                            7.375          DALLASTOWN                                        PA                                 17313
            4                    0.03                      0.375                                            6.875          PINON HILLS                                       CA                                 92372
            5                    0.03                      0.375                                            7.375          STERLING                                          VA                                 20164
            6                    0.03                      0.375                                                8          ORLANDO                                           FL                                 32819
            7                    0.03                      0.375                                             6.75          ALPHARETTA                                        GA                                 30022
            8                    0.03                      0.375                                                8          ORLANDO                                           FL                                 32819
            9                    0.03                      0.375                                            7.375          EL CENTRO                                         CA                                 92243
           10                    0.03                       0.25                                              6.5          BOWLING GREEN                                     OH                                 43402
           11                    0.03                       0.25                                              6.8          DENVER                                            CO                                 80210
           12                    0.03                       0.25                                            6.725          LEBANON                                           OR                                 97353
           13                    0.03                      0.375                                            7.375          CHESAPEAKE CITY                                   MD                                 21915
           14                    0.03                       0.25                                            6.675          CORVALLIS                                         OR                                 97330
           15                    0.03                      0.375                                              6.5          LORTON                                            VA                                 22079
           16                    0.03                      0.375                                            7.375          ABINGDON                                          MD                                 21009
           17                    0.03                      0.375                                            6.875          LOS ANGELES                                       CA                                 90018
           18                    0.03                      0.375                                            7.625          WINDERMERE                                        FL                                 34786
           19                    0.03                       0.25                                             7.75          ALBUQUERQUE                                       NM                                 87123
           20                    0.03                      0.375                                            7.375          STERLING                                          VA                                 20165
           21                    0.03                      0.375                                            7.375          NAPLES                                            FL                                 34114
           22                    0.03                      0.375                                                7          RIVERSIDE                                         CA                                 92504
           23                    0.03                      0.375                                            6.805          VERO BEACH                                        FL                                 32967
           24                    0.03                      0.375                                            7.125          CAPITOL HEIGHTS                                   MD                                 20743
           25                    0.03                      0.375                                              6.5          VERO BEACH                                        FL                                 32967
           26                    0.03                      0.375                                                7          LOS ANGELES                                       CA                                 90007
           27                    0.03                       0.25                                              6.5          GARDEN GROVE                                      CA                                 92843
           28                    0.03                      0.375                                             7.25          ALEXANDRIA                                        VA                                 22306
           29                    0.03                      0.375                                            7.875          VICTORVILLE                                       CA                                 92394
           30                    0.03                      0.375                                            6.375          ESSEX                                             MD                                 21221
           31                    0.03                       0.25                                            6.725          MORENO VALLEY                                     CA                                 92553
           32                    0.03                      0.375                                             7.25          ARLINGTON                                         VA                                 22204
           33                    0.03                      0.375                                             6.75          FRESNO                                            CA                                 93706
           34                    0.03                      0.375                                            7.875          SONOMA                                            CA                                 95476
           35                    0.03                      0.375                                            7.625          PHILADELPHIA                                      PA                                 19115
           36                    0.03                       0.25                                            6.375          CONCORD                                           NH                                  3301
           37                    0.03                      0.375                                            7.625          UNICORPORATED ARE OF SAN                          CA                                 92404
           38                    0.03                      0.375                                            7.275          FORT LAUDERDALE                                   FL                                 33309
           39                    0.03                      0.375                                            6.875          MANASSAS                                          VA                                 20110
           40                    0.03                       0.25                                            6.825          APOPKA                                            FL                                 32703
           41                    0.03                      0.375                                             7.25          LAUREL                                            MD                                 20707
           42                    0.03                       0.25                                             7.05          EAST RIDGE                                        TN                                 37412
           43                    0.03                      0.375                                              7.5          ARNOLD                                            MD                                 21012
           44                    0.03                       0.25                                              7.6          LOS ANGELES                                       CA                                 90022
           45                    0.03                      0.375                                            7.625          PASADENA                                          MD                                 21122
           46                    0.03                      0.375                                              8.5          (SYLMAR AREA) LOS ANGELES                         CA                                 91342
           47                    0.03                      0.375                                             8.35          OCEANSIDE                                         CA                                 92056
           48                    0.03                      0.375                                            5.875          OCEANSIDE                                         CA                                 92054
           49                    0.03                      0.375                                              7.5          QUAIL VALLEY                                      CA                                 92587
           50                    0.03                       0.25                                            6.875          TUCSON                                            AZ                                 85711
           51                    0.03                       0.25                                              8.1          ANCHORAGE                                         AK                                 99502
           52                    0.03                      0.375                                              7.5          BALTIMORE                                         MD                                 21236
           53                    0.03                       0.25                                              6.5          RIVERSIDE                                         CA                                 92507
           54                    0.03                      0.375                                                7          MESA                                              AZ                                 85209
           55                    0.03                      0.375                                            4.625          HONOLULU                                          HI                                 96825
           56                    0.03                      0.375                                             7.75          BROOKLYN                                          NY                                 11203
           57                    0.03                      0.375                                            7.625          FONTANA                                           CA                                 92337
           58                    0.03                      0.375                                             7.75          LAS VEGAS                                         NV                                 89119
           59                    0.03                      0.375                                            6.625          FORT MYERS                                        FL                                 33905
           60                    0.03                      0.375                                             7.99          CORAL SPRINGS                                     FL                                 33065
           61                    0.03                      0.375                                             6.75          LAS VEGAS                                         NV                                 89144
           62                    0.03                      0.375                                              6.5          LOMPOC                                            CA                                 93436
           63                    0.03                      0.375                                              8.1          ROLLINSFORD                                       NH                                  3869
           64                    0.03                      0.375                                             7.75          PALMDALE                                          CA                                 93550
           65                    0.03                      0.375                                            7.625          BALTIMORE                                         MD                                 21208
           66                    0.03                      0.375                                            7.875          HIALEAH                                           FL                                 33012
           67                    0.03                      0.375                                              7.5          SAN BERNARDINO                                    CA                                 92404
           68                    0.03                      0.375                                             6.75          ELLICOTT CITY                                     MD                                 21043
           69                    0.03                      0.375                                                8          NORWOOD                                           MA                                  2062
           70                    0.03                      0.375                                            7.875          BALTIMORE                                         MD                                 21237
           71                    0.03                      0.375                                              7.5          WEST ROXBURY                                      MA                                  2132
           72                    0.03                      0.375                                                7          BORING                                            OR                                 97009
           73                    0.03                      0.375                                                8          BALTIMORE                                         MD                                 21222
           74                    0.03                      0.375                                             7.25          FAIRHAVEN                                         MA                                  2719
           75                    0.03                      0.375                                            6.375          LAKEWOOD                                          CA                                 90715
           76                    0.03                      0.375                                            6.625          CAMPBELLSVILLE                                    KY                                 42718
           77                    0.03                      0.375                                                7          SOUTH RICHMOND HILL                               NY                                 11419
           78                    0.03                      0.375                                             7.75          FALLSTON                                          MD                                 21047
           79                    0.03                      0.375                                             9.25          BALTIMORE                                         MD                                 21224
           80                    0.03                      0.375                                                8          BRIDGEPORT                                        CT                                  6610
           81                    0.03                      0.375                                            7.375          FLUSHING                                          NY                                 11364
           82                    0.03                      0.375                                            6.875          PURCELLVILLE                                      VA                                 20132
           83                    0.03                      0.375                                            8.625          NAPLES                                            FL                                 34105
           84                    0.03                      0.375                                            8.625          FRONT ROYAL                                       VA                                 22630
           85                    0.03                      0.375                                             6.75          LAHAINA                                           HI                                 96761
           86                    0.03                      0.375                                            7.625          LAS VEGAS                                         NV                                 89141
           87                    0.03                      0.375                                            7.625          MANCHESTER                                        NH                                  3103
           88                    0.03                      0.375                                            7.875          PROVIDENCE                                        RI                                  2908
           89                    0.03                      0.375                                            7.875          WEST BABYLON                                      NY                                 11704
           90                    0.03                      0.375                                            7.875          BROOKLYN                                          NY                                 11229
           91                    0.03                      0.375                                            7.875          PROVIDENCE                                        RI                                  2904
           92                    0.03                      0.375                                             7.75          PROVIDENCE                                        RI                                  2909
           93                    0.03                      0.375                                             7.38          COCONUT CREEK                                     FL                                 33063
           94                    0.03                      0.375                                            7.625          JOHNSTON                                          RI                                  2919
           95                    0.03                      0.375                                            6.625          CANOGA PARK                                       CA                                 91304
           96                    0.03                      0.375                                             7.99          LAS VEGAS                                         NV                                 89123
           97                    0.03                      0.375                                              9.5          WADSWORTH                                         NV                                 89442
           98                    0.03                      0.375                                              7.5          HENDERSON                                         NV                                 89074
           99                    0.03                      0.375                                              6.5          ODENTON                                           MD                                 21113
          100                    0.03                      0.375                                            8.625          SACRAMENTO                                        CA                                 95823
          101                    0.03                      0.375                                            7.125          ORLANDO                                           FL                                 32825
          102                    0.03                      0.375                                            7.125          ELKRIDGE                                          MD                                 21075
          103                    0.03                      0.375                                              8.4          DESERT HOT SPRINGS                                CA                                 92240
          104                    0.03                      0.375                                            7.125          KEY LARGO                                         FL                                 33037
          105                    0.03                      0.375                                             7.25          LA VERNE                                          CA                                 91750
          106                    0.03                      0.375                                              7.5          LAKEWOOD                                          CA                                 90715
          107                    0.03                      0.375                                             8.75          CAPE CORAL                                        FL                                 33914
          108                    0.03                      0.375                                             7.25          GAINESVILLE                                       VA                                 20155
          109                    0.03                      0.375                                            8.125          LOS ANGELES                                       CA                                 90002
          110                    0.03                      0.375                                              6.5          COLORADO SPRINGS                                  CO                                 80918
          111                    0.03                      0.375                                             6.75          ALEXANDRIA                                        VA                                 22312
          112                    0.03                      0.375                                             6.75          RAMONA                                            CA                                 92065
          113                    0.03                      0.375                                              8.3          JAMAICA                                           NY                                 11435
          114                    0.03                      0.375                                            6.625          TAMPA                                             FL                                 33613
          115                    0.03                      0.375                                            6.625          OCEANSIDE                                         CA                                 92057
          116                    0.03                      0.375                                             6.75          BEAUMONT                                          CA                                 92223
          117                    0.03                      0.375                                                7          LAWRENCE                                          MA                                  1843
          118                    0.03                      0.375                                             7.75          YUCAIPA                                           CA                                 92399
          119                    0.03                      0.375                                            6.625          SANTA MONICA                                      CA                                 90404
          120                    0.03                      0.375                                              6.5          SAN DIEGO                                         CA                                 92113
          121                    0.03                      0.375                                             6.93          BRANDON                                           FL                                 33511
          122                    0.03                      0.375                                             7.25          SEA-TAC                                           WA                                 98188
          123                    0.03                      0.375                                             6.75          MODESTO                                           CA                                 95357
          124                    0.03                      0.375                                             7.95          LANCASTER                                         CA                                 93536
          125                    0.03                      0.375                                            6.875          BONNEY LAKE                                       WA                                 98391
          126                    0.03                      0.375                                             6.25          SUNSET BEACH                                      CA                                 90742
          127                    0.03                      0.375                                              6.4          HOUSTON                                           TX                                 77024
          128                    0.03                      0.375                                            6.875          LAKE ELSINORE                                     CA                                 92532
          129                    0.03                      0.375                                            7.375          CHICAGO                                           IL                                 60617
          130                    0.03                      0.375                                            5.875          MARICOPA                                          AZ                                 85239
          131                    0.03                      0.375                                              6.8          LAS VEGAS                                         NV                                 89117
          132                    0.03                      0.375                                            6.875          CHULA VISTA                                       CA                                 91913
          133                    0.03                      0.375                                              6.5          SALINAS                                           CA                                 93906
          134                    0.03                      0.375                                              7.5          LOS ANGELES                                       CA                                 90062
          135                    0.03                      0.375                                             7.25          CANYON COUNTRY                                    CA                                 91387
          136                    0.03                      0.375                                             6.75          COOPER CITY                                       FL                                 33328
          137                    0.03                      0.375                                            7.125          LOS ANGELES                                       CA                                 90012
          138                    0.03                      0.375                                                7          CASA GRANDE                                       AZ                                 85272
          139                    0.03                      0.375                                              7.5          PEMBROKE PINES                                    FL                                 33025
          140                    0.03                      0.375                                            5.875          CLAREMONT                                         CA                                 91711
          141                    0.03                      0.375                                            8.625          FORT WORTH                                        TX                                 76134
          142                    0.03                      0.375                                              6.5          SANTA ANA                                         CA                                 92703
          143                    0.03                      0.375                                                9          LAS VEGAS                                         NV                                 89131
          144                    0.03                      0.375                                             6.75          MORENO VALLEY                                     CA                                 92705
          145                    0.03                      0.375                                             7.75          RIALTO                                            CA                                 92376
          146                    0.03                      0.375                                             8.25          AZUSA                                             CA                                 91702
          147                    0.03                      0.375                                                7          COTO DE CAZA                                      CA                                 92679
          148                    0.03                      0.375                                             6.75          WEST COVINA                                       CA                                 91790
          149                    0.03                      0.375                                             7.75          PHOENIX                                           AZ                                 85043
          150                    0.03                      0.375                                                8          MARINA DEL REY                                    CA                                 90292
          151                    0.03                      0.375                                            4.875          DANA POINT                                        CA                                 92629
          152                    0.03                      0.375                                            6.625          PHOENIX                                           AZ                                 85032
          153                    0.03                      0.375                                            7.925          LAKE STEVENS                                      WA                                 98258
          154                    0.03                      0.375                                                8          ELKRIDGE                                          MD                                 21075
          155                    0.03                      0.375                                             5.75          CORONA                                            CA                                 92879
          156                    0.03                      0.375                                             7.15          COTATI                                            CA                                 94931
          157                    0.03                      0.375                                             9.85          PORTAGE                                           MI                                 49002
          158                    0.03                      0.375                                              7.5          WALKERSVILLE                                      MD                                 21793
          159                    0.03                      0.375                                            7.375          CHULA VISTA                                       CA                                 91910
          160                    0.03                      0.375                                             7.99          SAN DIEGO                                         CA                                 92109
          161                    0.03                      0.375                                            6.875          ATLANTA                                           GA                                 30350
          162                    0.03                      0.375                                             7.45          SAN BERNARDINO                                    CA                                 92404
          163                    0.03                      0.375                                                7          STOCKTON                                          CA                                 95219
          164                    0.03                      0.375                                              8.9          NORCROSS                                          GA                                 30093
          165                    0.03                      0.375                                             6.95          WEST PALM BEACH                                   FL                                 33413
          166                    0.03                      0.375                                              7.5          HOFFMAN ESTATES                                   IL                                 60194
          167                    0.03                      0.375                                            6.875          PERRIS                                            CA                                 92570
          168                    0.03                      0.375                                             5.99          LOS ANGELES                                       CA                                 90046
          169                    0.03                      0.375                                             7.25          FREDERICK                                         MD                                 21703
          170                    0.03                      0.375                                              7.5          LAS VEGAS                                         NV                                 89115
          171                    0.03                      0.375                                              7.5          QUEENS                                            NY                                 11433
          172                    0.03                      0.375                                              6.4          MONTCLAIR                                         CA                                 91763
          173                    0.03                      0.375                                            5.875          MISSION VIEJO                                     CA                                 92692
          174                    0.03                      0.375                                             7.25          GLENDALE                                          AZ                                 85304
          175                    0.03                      0.375                                              7.2          OAK HILL                                          VA                                 20171
          176                    0.03                      0.375                                             6.75          PITTSBURG                                         CA                                 94565
          177                    0.03                      0.375                                             7.75          BALTIMORE                                         MD                                 21239
          178                    0.03                      0.375                                            6.625          LOS ANGELES                                       CA                                 90004
          179                    0.03                      0.375                                                7          CHANTILLY                                         VA                                 20151
          180                    0.03                      0.375                                             7.25          LOS ANGELES (PACOIMA AREA                         CA                                 91331
          181                    0.03                      0.375                                             8.25          MANASSAS                                          VA                                 20109
          182                    0.03                      0.375                                              7.5          BALTIMORE                                         MD                                 21206
          183                    0.03                      0.375                                            7.875          WEST HAZLETON                                     PA                                 18202
          184                    0.03                      0.375                                             7.75          LITTLE RIVER                                      SC                                 29566
          185                    0.03                      0.375                                              7.5          DEER PARK                                         NY                                 11729
          186                    0.03                      0.375                                              7.5          WHITMAN                                           MA                                  2382
          187                    0.03                      0.375                                             6.75          SAN JACINTO                                       CA                                 92583
          188                    0.03                      0.375                                            6.987          RIVERSIDE                                         CA                                 92504
          189                    0.03                      0.375                                            7.875          PLAINVILLE                                        MA                                  2762
          190                    0.03                      0.375                                              7.5          BALTIMORE                                         MD                                 21217
          191                    0.03                      0.375                                              6.5          WEST COVINA                                       CA                                 91792
          192                    0.03                      0.375                                             6.75          MARIETTA                                          GA                                 30064
          193                    0.03                      0.375                                             8.75          SUFFOLK                                           VA                                 23434
          194                    0.03                      0.375                                              8.5          CHESTERFIELD                                      VA                                 23832
          195                    0.03                      0.375                                             7.25          WAPPINGERS FALLS                                  NY                                 12590
          196                    0.03                      0.375                                             7.25          BALTIMORE                                         MD                                 21227
          197                    0.03                      0.375                                            7.625          PARAMOUNT                                         CA                                 90723
          198                    0.03                      0.375                                             7.75          DISTRICT HEIGHTS                                  MD                                 20747
          199                    0.03                      0.375                                            7.375          RIVERSIDE AREA                                    CA                                 92508
          200                    0.03                      0.375                                            7.375          FONTANA                                           CA                                 92336
          201                    0.03                      0.375                                             7.25          BARSTOW                                           CA                                 92311
          202                    0.03                      0.375                                            6.875          LONG BEACH                                        CA                                 90815
          203                    0.03                      0.375                                              6.5          NAPERVILLE                                        IL                                 60565
          204                    0.03                      0.375                                             7.75          LA MESA                                           CA                                 91941
          205                    0.03                      0.375                                             6.75          QUARTZ HILL                                       CA                                 93536
          206                    0.03                      0.375                                              7.5          ANAHEIM                                           CA                                 92802
          207                    0.03                      0.375                                             6.75          VALLEJO                                           CA                                 94590
          208                    0.03                      0.375                                            6.625          FONTANA                                           CA                                 92337
          209                    0.03                      0.375                                                7          SANTA ANA                                         CA                                 92701
          210                    0.03                      0.375                                            7.875          STOCKTON                                          CA                                 95205
          211                    0.03                      0.375                                             8.75          SHAKOPEE                                          MN                                 55379
          212                    0.03                      0.375                                            6.875          TEMECULA                                          CA                                 92592
          213                    0.03                      0.375                                            9.125          MIAMI                                             FL                                 33009
          214                    0.03                      0.375                                            9.125          MIAMI                                             FL                                 33328
          215                    0.03                      0.375                                             7.25          DORAL                                             FL                                 33884
          216                    0.03                      0.375                                                8          BOYNTON BEACH                                     FL                                 33126
          217                    0.03                      0.375                                            7.875          WINTER HAVEN                                      FL                                 33141
          218                    0.03                      0.375                                            8.125          NORTH BAY VILLAGE                                 FL                                 33326
          219                    0.03                      0.375                                                8          DAVIE                                             FL                                 27244
          220                    0.03                      0.375                                            6.875          MIAMI BEACH                                       FL                                 33178
          221                    0.03                      0.375                                            5.875          ELON                                              NC                                 33426
          222                    0.03                      0.375                                                7          WESTON                                            FL                                 33126
          223                    0.03                      0.375                                              7.5          BOLINGBROOK                                       IL                                 60490
          224                    0.03                      0.375                                            6.625          CORONA                                            CA                                 92882
          225                    0.03                      0.375                                             5.95          LA PUENTE AREA                                    CA                                 91746
          226                    0.03                      0.375                                              8.5          OCEANSIDE                                         CA                                 92056
          227                    0.03                      0.375                                            7.956          TAMPA                                             FL                                 33624
          228                    0.03                      0.375                                            6.875          TOLLESON                                          AZ                                 85353
          229                    0.03                      0.375                                            7.999          RESEDA AREA                                       CA                                 91335
          230                    0.03                      0.375                                             7.75          BALTIMORE                                         MD                                 21237
          231                    0.03                      0.375                                            7.375          MANTECA                                           CA                                 95337
          232                    0.03                      0.375                                            6.875          ROCKAWAY BEACH                                    OR                                 97136
          233                    0.03                      0.375                                             7.99          OLIVEHURST                                        CA                                 95961
          234                    0.03                      0.375                                             6.75          GALT                                              CA                                 95632
          235                    0.03                      0.375                                            7.625          TUJUNGA AREA                                      CA                                 91042
          236                    0.03                      0.375                                             5.45          ONTARIO                                           CA                                 91761
          237                    0.03                      0.375                                             6.75          CHAMPAIGN                                         IL                                 61822
          238                    0.03                      0.375                                             8.25          BRONX                                             NY                                 10474
          239                    0.03                      0.375                                            7.125          PHOENIX                                           AZ                                 85043
          240                    0.03                      0.375                                            7.125          LANCASTER                                         CA                                 93535
          241                    0.03                      0.375                                             6.25          MADERA                                            CA                                 93637
          242                    0.03                      0.375                                              7.5          LOS ANGELES                                       CA                                 90043
          243                    0.03                      0.375                                              7.7          NEW ROCHELLE                                      NY                                 10801
          244                    0.03                      0.375                                            7.375          SAN DIEGO                                         CA                                 92128
          245                    0.03                      0.375                                             7.25          ANNANDALE                                         VA                                 22003
          246                    0.03                      0.375                                             7.25          INVERNESS                                         FL                                 34450
          247                    0.03                       0.75                                           13.625          NAPLES                                            FL                                 34105
          248                    0.03                      0.375                                            9.375          LANCASTER                                         CA                                 93535
          249                    0.03                      0.375                                             7.25          SUNRISE                                           FL                                 33323
          250                    0.03                      0.375                                              6.5          DUNEDIN                                           FL                                 34698
          251                    0.03                      0.375                                            7.125          WAIANAE                                           HI                                 96792
          252                    0.03                      0.375                                                7          SCOTTSDALE                                        AZ                                 85258
          253                    0.03                      0.375                                              6.8          PARKLAND                                          FL                                 33076
          254                    0.03                      0.375                                             6.75          BLUFFTON                                          SC                                 29910
          255                    0.03                      0.375                                            7.875          LOS ANGELES                                       CA                                 90047
          256                    0.03                      0.375                                             6.25          RIO LINDA                                         CA                                 95673
          257                    0.03                      0.375                                            9.625          NORFOLK                                           VA                                 23501
          258                    0.03                      0.375                                             9.75          NEWARK                                            NJ                                  7107
          259                    0.03                      0.375                                              8.5          CHESTERFIELD                                      VA                                 23832
          260                    0.03                      0.375                                             7.75          MANASSAS                                          VA                                 20110
          261                    0.03                      0.375                                                9          BALTIMORE                                         MD                                 21218
          262                    0.03                      0.375                                            7.875          READING                                           PA                                 19609
          263                    0.03                      0.375                                            6.875          EL CAJON                                          CA                                 92019
          264                    0.03                      0.375                                              7.8          FORT PIERCE                                       FL                                 34982
          265                    0.03                      0.375                                            7.875          POMONA                                            CA                                 91767
          266                    0.03                      0.375                                             7.99          GREENWOOD                                         MO                                 64034
          267                    0.03                      0.375                                             8.75          HANOVER                                           PA                                 17331
          268                    0.03                      0.375                                             7.75          MANASSAS                                          VA                                 20109
          269                    0.03                      0.375                                             7.75          WELLINGTON                                        FL                                 33414
          270                    0.03                      0.375                                             6.75          NORWALK                                           CA                                 90650
          271                    0.03                      0.375                                                8          WOODBRIDGE                                        VA                                 22191
          272                    0.03                      0.375                                            6.875          WESTBURY                                          NY                                 11590
          273                    0.03                      0.375                                              8.5          CHESTERFIELD                                      VA                                 23832
          274                    0.03                      0.375                                            6.875          MIAMI                                             FL                                 33177
          275                    0.03                      0.375                                                7          OAKLAND                                           CA                                 94605
          276                    0.03                       0.25                                            6.925          LAS VEGAS                                         NV                                 89107
          277                    0.03                       0.25                                            6.625          ATHENS                                            GA                                 30605
          278                    0.03                      0.375                                            6.875          PALMDALE                                          CA                                 93591
          279                    0.03                      0.375                                                7          MORENO VALLEY                                     CA                                 92557
          280                    0.03                      0.375                                             7.25          (COMPTON AREA)                                    CA                                 90220
          281                    0.03                      0.375                                            7.875          MECHANICSBURG                                     PA                                 17050
          282                    0.03                      0.375                                             6.75          EWA BEACH                                         HI                                 96706
          283                    0.03                      0.375                                                8          COCKEYSVILLE                                      MD                                 21030
          284                    0.03                      0.375                                            7.375          RIVERSIDE                                         CA                                 92509
          285                    0.03                      0.375                                            7.625          DESTO                                             TX                                 75115
          286                    0.03                      0.375                                            7.625          STAFFORD                                          VA                                 22554
          287                    0.03                       0.25                                            6.975          EL PASO                                           TX                                 79936
          288                    0.03                      0.375                                             7.75          EAST HAMPTON                                      NY                                 11937
          289                    0.03                       0.25                                            6.975          EL PASO                                           TX                                 79936
          290                    0.03                      0.375                                                6          BURKE                                             VA                                 22015
          291                    0.03                      0.375                                             6.75          NEWPORT BEACH                                     CA                                 92657
          292                    0.03                       0.25                                              6.6          PORTLAND                                          OR                                 97219
          293                    0.03                      0.375                                             7.75          LOS GATOS                                         CA                                 95030
          294                    0.03                       0.25                                            6.375          ST. PAUL                                          MN                                 55116
          295                    0.03                      0.375                                             6.75          BUENA PARK                                        CA                                 90620
          296                    0.03                      0.375                                                9          SAN DIEGO                                         CA                                 92101
          297                    0.03                      0.375                                            8.125          OROVILLE                                          CA                                 95965
          298                    0.03                      0.375                                             6.99          BAKERSFIELD                                       CA                                 93305
          299                    0.03                      0.375                                            7.875          NORFOLK                                           VA                                 23504
          300                    0.03                       0.25                                            7.725          FRESNO                                            CA                                 93726
          301                    0.03                      0.375                                            7.125          SAN BERNARDINO                                    CA                                 92407
          302                    0.03                       0.25                                             8.55          FOXBORO                                           MA                                  2035
          303                    0.03                      0.375                                            7.875          LOS ANGELES                                       CA                                 91335
          304                    0.03                      0.375                                            7.625          AREA OF CARSON                                    CA                                 90745
          305                    0.03                       0.25                                            8.025          RENO                                              NV                                 89512
          306                    0.03                      0.375                                            7.875          SAN DIEGO                                         CA                                 92107
          307                    0.03                      0.375                                            8.875          SANTA ANA                                         CA                                 92703
          308                    0.03                      0.375                                              7.5          CLINTON                                           MD                                 20735
          309                    0.03                      0.375                                            7.625          PORT SAINT LUCIE                                  FL                                 34983
          310                    0.03                       0.25                                              7.2          GLEN BURNIE                                       MD                                 21061
          311                    0.03                      0.375                                              6.5          PANORAMA CITY                                     CA                                 91402
          312                    0.03                      0.375                                             7.75          RANCHO SANTA FE                                   CA                                 92091
          313                    0.03                      0.375                                             7.25          SANTA ANA                                         CA                                 92705
          314                    0.03                       0.25                                            7.075          RUSKIN                                            FL                                 33570
          315                    0.03                      0.375                                            8.125          SAINT PETERSBURG                                  FL                                 33713
          316                    0.03                      0.375                                              8.5          HYATTSVILLE                                       MD                                 20785
          317                    0.03                       0.25                                            6.375          WHITTIER                                          CA                                 90602
          318                    0.03                      0.375                                            7.125          BALTIMORE                                         MD                                 21230
          319                    0.03                      0.375                                            6.875          TOLLESON                                          AZ                                 85353
          320                    0.03                      0.375                                              7.5          BALTIMORE                                         MD                                 21206
          321                    0.03                      0.375                                            6.375          PALMDALE                                          CA                                 93550
          322                    0.03                      0.375                                              6.5          GARDEN GROVE                                      CA                                 92840
          323                    0.03                      0.375                                                8          BALTIMORE                                         MD                                 21227
          324                    0.03                      0.375                                            7.375          GAITHERSBURG                                      MD                                 20879
          325                    0.03                      0.375                                             6.25          COACHELLA                                         CA                                 92236
          326                    0.03                      0.375                                            6.875          REDWOOD CITY                                      CA                                 94065
          327                    0.03                      0.375                                              6.5          PERRIS                                            CA                                 92571
          328                    0.03                      0.375                                            6.875          OCEANSIDE                                         CA                                 92057
          329                    0.03                      0.375                                             7.75          SMYRNA                                            GA                                 30082
          330                    0.03                      0.375                                             6.99          LOS ANGELES                                       CA                                 90007
          331                    0.03                      0.375                                            7.875          MURRIETA                                          CA                                 92563
          332                    0.03                      0.375                                             6.75          GARDENA AREA                                      CA                                 90247
          333                    0.03                      0.375                                             6.99          MORENO VALLEY                                     CA                                 92555
          334                    0.03                      0.375                                            7.913          MIAMI BEACH                                       FL                                 33139
          335                    0.03                       0.25                                            6.675          SANTA MONICA                                      CA                                 90404
          336                    0.03                       0.25                                             7.15          TAYLORSVILLE                                      NC                                 28681
          337                    0.03                      0.375                                             7.25          COACHELLA                                         CA                                 92236
          338                    0.03                       0.25                                                7          COLUMBUS                                          GA                                 31909
          339                    0.03                       0.25                                            6.875          COLUMBUS                                          GA                                 31906
          340                    0.03                      0.375                                             7.75          HANOVER                                           PA                                 17331
          341                    0.03                      0.375                                            7.375          SACRAMENTO                                        CA                                 95838
          342                    0.03                       0.25                                                7          COLUMBUS                                          GA                                 31909
          343                    0.03                      0.375                                             6.75          LOS ANGELES                                       CA                                 90033
          344                    0.03                      0.375                                            8.875          LAS VEGAS                                         NV                                 89128
          345                    0.03                       0.25                                            6.725          LOS ANGELES                                       CA                                 90034
          346                    0.03                      0.375                                             8.25          ABERDEEN                                          MD                                 21001
          347                    0.03                      0.375                                            8.625          WINTER HAVEN                                      FL                                 33880
          348                    0.03                       0.25                                              6.8          HUNTSVILLE                                        AL                                 35806
          349                    0.03                      0.375                                              6.5          SAN FRANCISCO                                     CA                                 94131
          350                    0.03                      0.375                                              7.5          LOS ANGELES (TARZANA AREA                         CA                                 91356
          351                    0.03                      0.375                                            8.625          WINTER HAVEN                                      FL                                 33880
          352                    0.03                      0.375                                                8          PARKVILLE                                         MD                                 21234
          353                    0.03                       0.25                                            6.375          MILWAUKEE                                         WI                                 53202
          354                    0.03                      0.375                                            6.375          SOUTH GATE                                        CA                                 90280
          355                    0.03                       0.25                                            8.525          ROYSTON                                           GA                                 30662
          356                    0.03                       0.25                                             6.85          PORTLAND                                          ME                                  4101
          357                    0.03                       0.25                                            6.875          URBANA                                            IL                                 61802
          358                    0.03                      0.375                                             6.25          MENIFEE                                           CA                                 92584
          359                    0.03                      0.375                                                7          LA PUENTE                                         CA                                 91744
          360                    0.03                       0.25                                            6.375          LONG BEACH                                        CA                                 90802
          361                    0.03                      0.375                                            7.375          LAKELAND                                          FL                                 33813
          362                    0.03                      0.375                                             6.75          LOS ANGELES (WOODLAND HIL                         CA                                 91367
          363                    0.03                      0.375                                            8.375          LAS VEGAS                                         NV                                 89129
          364                    0.03                      0.375                                            11.99          GARFIELD HEIGHTS                                  OH                                 44125
          365                    0.03                       0.25                                            6.825          APOPKA                                            FL                                 32703
          366                    0.03                      0.375                                             6.75          LAGUNA NIGUEL                                     CA                                 92677
          367                    0.03                      0.375                                            6.875          CORONA                                            CA                                 92879
          368                    0.03                       0.25                                             6.25          COCOA                                             FL                                 32922
          369                    0.03                      0.375                                                7          LOS ANGELES (NORTHRIDGE A                         CA                                 91324
          370                    0.03                      0.375                                            7.285          FAIRFIELD                                         CA                                 94533
          371                    0.03                       0.25                                            8.125          YOUNGSTOWN                                        OH                                 44512
          372                    0.03                      0.375                                             7.25          OLIVEHURST                                        CA                                 95961
          373                    0.03                      0.375                                             5.99          HESPERIA                                          CA                                 92345
          374                    0.03                      0.375                                             7.45          PRINCE FREDERICK                                  MD                                 20678
          375                    0.03                      0.375                                            7.375          CHESAPEAKE                                        VA                                 23321
          376                    0.03                      0.375                                             6.75          CHOWCHILLA                                        CA                                 93610
          377                    0.03                      0.375                                             6.75          MORENO VALLEY                                     CA                                 92553
          378                    0.03                      0.375                                             7.75          HOUSTON                                           TX                                 77095
          379                    0.03                      0.375                                            6.625          GLENDORA                                          CA                                 91740
          380                    0.03                      0.375                                                7          PAHRUMP                                           NV                                 89060
          381                    0.03                      0.375                                            7.625          IRVINE                                            CA                                 92612
          382                    0.03                       0.25                                             6.85          OGDEN                                             UT                                 84403
          383                    0.03                      0.375                                             7.75          CARLISLE                                          PA                                 17013
          384                    0.03                      0.375                                            7.125          SAN LEANDRO                                       CA                                 94577
          385                    0.03                      0.375                                            7.375          FONTANA                                           CA                                 92337
          386                    0.03                      0.375                                             6.75          PERRIS                                            CA                                 92570
          387                    0.03                      0.375                                             9.75          TUCSON                                            AZ                                 85705
          388                    0.03                      0.375                                                7          HENDERSON                                         NV                                 89052
          389                    0.03                      0.375                                             7.25          BOYCE                                             VA                                 22620
          390                    0.03                      0.375                                              6.5          INGLEWOOD                                         CA                                 90303
          391                    0.03                      0.375                                            6.875          SAN JACINTO                                       CA                                 92583
          392                    0.03                      0.375                                              7.5          COVELO AREA                                       CA                                 95428
          393                    0.03                      0.375                                             7.75          KISSIMMEE                                         FL                                 34746
          394                    0.03                      0.375                                              7.5          VICTORVILLE                                       CA                                 92392
          395                    0.03                       0.25                                            6.875          SAN DIEGO                                         CA                                 92113
          396                    0.03                      0.375                                             7.75          SAINT PETERSBURG                                  FL                                 33711
          397                    0.03                       0.25                                            8.625          SPRINGFIELD                                       MA                                  1105
          398                    0.03                      0.375                                            8.375          OXON HILL                                         MD                                 20745
          399                    0.03                      0.375                                            5.875          TEMPLE CITY                                       CA                                 91780
          400                    0.03                      0.375                                             7.75          PLANTATION                                        FL                                 33317
          401                    0.03                       0.25                                             6.65          PASADENA                                          TX                                 77506
          402                    0.03                      0.375                                                8          SAN DIEGO                                         CA                                 92116
          403                    0.03                      0.375                                            6.875          PHILADELPHIA                                      PA                                 19134
          404                    0.03                      0.375                                             6.75          FONTANA                                           CA                                 92337
          405                    0.03                       0.25                                              6.6          PALMDALE                                          CA                                 93550
          406                    0.03                      0.375                                            7.875          HAYWARD                                           CA                                 94542
          407                    0.03                      0.375                                             7.75          BROOKLYN                                          NY                                 11207
          408                    0.03                      0.375                                              6.5          EL MONTE                                          CA                                 91731
          409                    0.03                       0.25                                            6.125          PLOVER                                            WI                                 54467
          410                    0.03                      0.375                                             8.75          BROOKLYN                                          NY                                 11207
          411                    0.03                      0.375                                              6.5          WEST COVINA                                       CA                                 91792
          412                    0.03                       0.25                                            6.125          MINNEAPOLIS                                       MN                                 55418
          413                    0.03                       0.75                                            13.75          KILLEEN                                           TX                                 76549
          414                    0.03                      0.375                                              6.5          FONTANA                                           CA                                 92336
          415                    0.03                      0.375                                                6          RALEIGH                                           NC                                 27606
          416                    0.03                       0.25                                             8.35          CANTON                                            OH                                 44714
          417                    0.03                      0.375                                             6.75          YORBA LINDA AREA                                  CA                                 92886
          418                    0.03                      0.375                                            7.625          SILVER SPRING                                     MD                                 20903
          419                    0.03                      0.375                                              6.5          WALNUT CREEK                                      CA                                 94596
          420                    0.03                      0.375                                            7.125          ORLANDO                                           FL                                 32822
          421                    0.03                      0.375                                            8.165          PARAMOUNT                                         CA                                 90723
          422                    0.03                      0.375                                            8.375          SACRAMENTO                                        CA                                 95818
          423                    0.03                      0.375                                            8.425          MORENO VALLEY                                     CA                                 92555
          424                    0.03                       0.75                                               14          KILLEEN                                           TX                                 76549
          425                    0.03                      0.375                                            7.125          AREA OF FLORENCE                                  CA                                 90001
          426                    0.03                      0.375                                              6.5          MORENO VALLEY                                     CA                                 92553
          427                    0.03                      0.375                                            7.375          LOS ANGELES                                       CA                                 90046
          428                    0.03                      0.375                                            6.625          FRESNO                                            CA                                 93722
          429                    0.03                      0.375                                              7.5          ROBERTSDALE                                       AL                                 36567
          430                    0.03                      0.375                                             7.75          (SYLMAR AREA) LOS ANGELES                         CA                                 91342
          431                    0.03                      0.375                                            8.625          LAS VEGAS                                         NV                                 89109
          432                    0.03                      0.375                                            7.066          NASHUA                                            NH                                  3060
          433                    0.03                      0.375                                              7.5          LANCASTER                                         CA                                 93536
          434                    0.03                      0.375                                             6.75          TOLLESON                                          AZ                                 85353
          435                    0.03                      0.375                                             7.25          ASHBURN                                           VA                                 20148
          436                    0.03                      0.375                                             6.75          KISSIMMEE                                         FL                                 34743
          437                    0.03                      0.375                                             7.25          SANTA ANA                                         CA                                 92707
          438                    0.03                      0.375                                            7.525          NAPLES                                            FL                                 34117
          439                    0.03                      0.375                                             7.25          PHOENIX                                           AZ                                 85043
          440                    0.03                      0.375                                             6.99          CHICAGO                                           IL                                 60707
          441                    0.03                      0.375                                            7.625          PANAMA CITY BEACH                                 FL                                 32413
          442                    0.03                      0.375                                            6.375          COACHELLA                                         CA                                 92236
          443                    0.03                      0.375                                            7.375          RIALTO                                            CA                                 92376
          444                    0.03                      0.375                                             7.75          EVERETT                                           WA                                 98201
          445                    0.03                      0.375                                            6.875          CANOGA PARK                                       CA                                 91304
          446                    0.03                      0.375                                              7.5          LAS VEGAS                                         NV                                 89178
          447                    0.03                      0.375                                            7.125          CANOGA PARK                                       CA                                 91306
          448                    0.03                      0.375                                              7.5          UPPER MARLBORO                                    MD                                 20774
          449                    0.03                      0.375                                            6.625          ORANGE                                            CA                                 92869
          450                    0.03                      0.375                                              6.5          HALF MOON BAY                                     CA                                 94019
          451                    0.03                      0.375                                             6.75          LANCASTER                                         CA                                 93534
          452                    0.03                      0.375                                            6.125          VICTORVILLE                                       CA                                 92392
          453                    0.03                      0.375                                             9.25          ORLANDO                                           FL                                 32810
          454                    0.03                      0.375                                            6.875          LA HABRA HEIGHTS                                  CA                                 90631
          455                    0.03                      0.375                                            7.959          TAMPA                                             FL                                 33624
          456                    0.03                      0.375                                            7.625          HESPERIA                                          CA                                 92344
          457                    0.03                      0.375                                            6.875          SAN DIEGO                                         CA                                 92119
          458                    0.03                      0.375                                             6.25          SYLMAR                                            CA                                 91342
          459                    0.03                      0.375                                              6.5          FALL RIVER                                        MA                                  2722
          460                    0.03                      0.375                                            7.875          MELISSA                                           TX                                 75454
          461                    0.03                      0.375                                            6.875          RAMONA                                            CA                                 92065
          462                    0.03                      0.375                                            8.625          OXNARD                                            CA                                 93030
          463                    0.03                      0.375                                             6.75          NATIONAL CITY                                     CA                                 91950
          464                    0.03                      0.375                                            7.875          PALMDALE                                          CA                                 93552
          465                    0.03                      0.375                                            6.375          OLYMPIA                                           WA                                 98503
          466                    0.03                      0.375                                            6.375          FONTANA                                           CA                                 92337
          467                    0.03                      0.375                                            6.875          WOODBRIDGE                                        VA                                 22193
          468                    0.03                      0.375                                            6.999          SAN MARCOS                                        CA                                 92069
          469                    0.03                      0.375                                            6.375          ESCONDIDO                                         CA                                 92026
          470                    0.03                      0.375                                            6.125          MENIFEE                                           CA                                 92584
          471                    0.03                      0.375                                             5.99          CORONA                                            CA                                 92882
          472                    0.03                      0.375                                              7.5          ADELANTO                                          CA                                 92301
          473                    0.03                      0.375                                            7.625          LOS ANGELES                                       CA                                 90047
          474                    0.03                      0.375                                             6.75          ONTARIO                                           CA                                 91762
          475                    0.03                      0.375                                                8          COOPER CITY                                       FL                                 33328
          476                    0.03                      0.375                                            6.875          PALMDALE                                          CA                                 93552
          477                    0.03                      0.375                                              8.5          LAS VEGAS                                         NV                                 89166
          478                    0.03                      0.375                                            7.625          SANTA ANA                                         CA                                 92704
          479                    0.03                      0.375                                            6.375          DENVER                                            CO                                 80222
          480                    0.03                      0.375                                             7.75          HOMESTEAD                                         FL                                 33032
          481                    0.03                      0.375                                                8          MAHOPAC FALLS                                     NY                                 10542
          482                    0.03                      0.375                                             7.25          EUREKA                                            CA                                 95503
          483                    0.03                      0.375                                             6.75          SAN FRANCISCO                                     CA                                 94110
          484                    0.03                      0.375                                             7.25          ANTIOCH                                           CA                                 94531
          485                    0.03                      0.375                                              6.1          FOLSOM                                            CA                                 95630
          486                    0.03                      0.375                                              6.5          VENTURA                                           CA                                 93004
          487                    0.03                      0.375                                            6.875          EDEN PRAIRIE                                      MN                                 55347
          488                    0.03                      0.375                                            6.375          LIVINGSTON                                        CA                                 95334
          489                    0.03                      0.375                                            7.875          NORTH LAS VEGAS                                   NV                                 89115
          490                    0.03                      0.375                                            7.375          (AREA OF CANYON COUNTRY)                          CA                                 91387
          491                    0.03                      0.375                                            7.625          CHATSWORTH                                        CA                                 91311
          492                    0.03                      0.375                                            8.375          WEST HOLLYWOOD                                    CA                                 90069
          493                    0.03                      0.375                                             7.75          KISSIMMEE                                         FL                                 34759
          494                    0.03                      0.375                                              7.5          BOCA RATON                                        FL                                 33496
          495                    0.03                      0.375                                            7.125          OAKLAND                                           CA                                 94621
          496                    0.03                      0.375                                            6.875          TRACY                                             CA                                 95377
          497                    0.03                      0.375                                             6.75          ONTARIO                                           CA                                 91761
          498                    0.03                      0.375                                              6.5          BAKERSFIELD                                       CA                                 93312
          499                    0.03                      0.375                                            6.375          ALAMEDA                                           CA                                 94501
          500                    0.03                      0.375                                            6.875          NORTH LAS VEGAS                                   NV                                 89091
          501                    0.03                      0.375                                                6          DENVILLE                                          NJ                                  7834
          502                    0.03                      0.375                                             7.75          REDLANDS                                          CA                                 92374
          503                    0.03                      0.375                                            7.625          BRONX                                             NY                                 10461
          504                    0.03                      0.375                                              6.5          YONKERS                                           NY                                 10703
          505                    0.03                      0.375                                              7.5          ANAHEIM                                           CA                                 92805
          506                    0.03                      0.375                                            6.625          BRIDGEWATER                                       NJ                                  8805
          507                    0.03                       0.75                                           14.875          AUSTIN                                            TX                                 78724
          508                    0.03                      0.375                                            8.375          SAN FRANCISCO                                     CA                                 94133
          509                    0.03                      0.375                                            7.375          HENDERSON                                         NV                                 89015
          510                    0.03                      0.375                                             6.25          LOS ANGELES                                       CA                                 90027
          511                    0.03                      0.375                                             7.13          HIALEAH                                           FL                                 33016
          512                    0.03                      0.375                                             7.75          SAN DIEGO                                         CA                                 92101
          513                    0.03                      0.375                                                6          CHULA VISTA                                       CA                                 91910
          514                    0.03                      0.375                                            6.125          VALENCIA AREA                                     CA                                 91354
          515                    0.03                      0.375                                             7.25          LOS ANGELES                                       CA                                 90034
          516                    0.03                      0.375                                             7.25          LONG BEACH                                        CA                                 90814
          517                    0.03                      0.375                                                8          CLEARWATER                                        FL                                 33755
          518                    0.03                      0.375                                             6.75          KEALAKEKUA                                        HI                                 96750
          519                    0.03                      0.375                                             7.75          LOS ANGELES                                       CA                                 90037
          520                    0.03                      0.375                                             7.75          ELK GROVE                                         CA                                 95757
          521                    0.03                      0.375                                              8.5          SIMI VALLEY                                       CA                                 93063
          522                    0.03                      0.375                                            7.375          APOPKA                                            FL                                 32703
          523                    0.03                      0.375                                             7.25          MELROSE PARK                                      IL                                 60160
          524                    0.03                      0.375                                             7.25          FONTANA                                           CA                                 92335
          525                    0.03                       0.25                                            7.975          NEWBERN                                           TN                                 38059
          526                    0.03                      0.375                                            6.625          ARLETA                                            CA                                 91331
          527                    0.03                      0.375                                            6.625          SEATTLE                                           WA                                 98177
          528                    0.03                      0.375                                             7.25          WESTON                                            FL                                 33326
          529                    0.03                       0.25                                            6.375          SALT LAKE CITY                                    UT                                 84103
          530                    0.03                      0.375                                             7.25          SAN BERNARDINO                                    CA                                 92404
          531                    0.03                      0.375                                            6.625          COACHELLA                                         CA                                 92236
          532                    0.03                      0.375                                              7.5          MURRIETA                                          CA                                 92563
          533                    0.03                      0.375                                              7.5          PASO ROBLES                                       CA                                 93446
          534                    0.03                       0.25                                             6.25          ASHLAND                                           VA                                 23005
          535                    0.03                       0.75                                           11.875          WINDSOR                                           CA                                 95492
          536                    0.03                       0.75                                           12.125          CORONA                                            CA                                 92879
          537                    0.03                      0.375                                              7.5          LOS ANGELES                                       CA                                 91326
          538                    0.03                       0.25                                                8          PHOENIX                                           AZ                                 85006
          539                    0.03                      0.375                                            7.125          WOODLAND                                          CA                                 95695
          540                    0.03                       0.75                                           10.875          SAN DIEGO                                         CA                                 92139
          541                    0.03                      0.375                                            7.625          PASADENA                                          CA                                 91103
          542                    0.03                      0.375                                            6.875          HUNTINGTON BEACH                                  CA                                 92646
          543                    0.03                       0.25                                            6.975          CHICAGO                                           IL                                 60621
          544                    0.03                      0.375                                            7.375          PALM HARBOR                                       FL                                 34683
          545                    0.03                      0.375                                            6.875          SAN DIEGO                                         CA                                 92154
          546                    0.03                      0.375                                                7          CORONA                                            CA                                 92882
          547                    0.03                       0.25                                              6.8          SAN ANTONIO                                       TX                                 78218
          548                    0.03                      0.375                                            6.625          HEMET                                             CA                                 92545
          549                    0.03                      0.375                                              6.5          SIMI VALLEY                                       CA                                 93063
          550                    0.03                       0.25                                            6.975          KENT                                              OH                                 44240
          551                    0.03                      0.375                                             7.25          LAS VEGAS                                         NV                                 89117
          552                    0.03                      0.375                                            7.375          CORONA                                            CA                                 92880
          553                    0.03                      0.375                                            6.875          LAS VEGAS                                         NV                                 89106
          554                    0.03                      0.375                                            7.125          NEWPORT BEACH                                     CA                                 92663
          555                    0.03                      0.375                                             7.75          LAS VEGAS                                         NV                                 89135
          556                    0.03                      0.375                                            7.875          SKOKIE                                            IL                                 60076
          557                    0.03                      0.375                                             7.75          VICTORVILLE                                       CA                                 92394
          558                    0.03                       0.25                                            7.975          FT MEYERS                                         FL                                 33901
          559                    0.03                      0.375                                                7          BANNING                                           CA                                 92220
          560                    0.03                       0.25                                            7.375          TEMPE                                             AZ                                 85281
          561                    0.03                      0.375                                              6.5          ROSAMOND                                          CA                                 93560
          562                    0.03                       0.25                                              6.9          MILLBROOK                                         AL                                 36054
          563                    0.03                      0.375                                            6.875          LAS VEGAS                                         NV                                 89156
          564                    0.03                      0.375                                            7.125          PALMDALE                                          CA                                 93552
          565                    0.03                      0.375                                              6.5          MENIFEE                                           CA                                 92584
          566                    0.03                       0.25                                            8.125          ANDERSON                                          SC                                 29621
          567                    0.03                      0.375                                            7.375          PEMBROKE PINES                                    FL                                 33027
          568                    0.03                       0.25                                             8.75          MONMOUTH                                          ME                                  4259
          569                    0.03                      0.375                                                7          LOS ANGELES                                       CA                                 90032
          570                    0.03                      0.375                                            6.875          GLENDALE                                          CA                                 91204
          571                    0.03                       0.25                                             8.55          ANCHORAGE                                         AK                                 99508
          572                    0.03                      0.375                                             6.25          SPRING VALLEY                                     CA                                 91978
          573                    0.03                       0.75                                             14.5          MARANA                                            AZ                                 85653
          574                    0.03                       0.25                                             6.25          TUCSON                                            AZ                                 85705
          575                    0.03                      0.375                                             7.25          CARLSBAD                                          CA                                 92008
          576                    0.03                      0.375                                            7.625          LOS ANGELES                                       CA                                 91342
          577                    0.03                       0.25                                             6.25          LOS ANGELES                                       CA                                 90025
          578                    0.03                      0.375                                              8.5          LOS ANGELES                                       CA                                 90016
          579                    0.03                       0.25                                            7.625          SAN FRANCISCO                                     CA                                 94117
          580                    0.03                      0.375                                            7.875          COMPTON                                           CA                                 90220
          581                    0.03                      0.375                                             7.25          ANTIOCH                                           CA                                 94531
          582                    0.03                      0.375                                            7.125          CASTLE ROCK                                       CO                                 80108
          583                    0.03                       0.25                                             6.85          MANCHESTER                                        NH                                  3103
          584                    0.03                      0.375                                             7.25          TOLLESON                                          AZ                                 85353
          585                    0.03                      0.375                                             7.25          ELGIN                                             IL                                 60123
          586                    0.03                      0.375                                             6.25          AUBURN                                            WA                                 98092
          587                    0.03                       0.25                                             6.85          MANCHESTER                                        NH                                  3102
          588                    0.03                      0.375                                             6.75          VISTA                                             CA                                 92081
          589                    0.03                      0.375                                                7          BENICIA                                           CA                                 94510
          590                    0.03                      0.375                                            6.375          SAN DIEGO                                         CA                                 92126
          591                    0.03                      0.375                                              7.5          LANCASTER                                         CA                                 93534
          592                    0.03                      0.375                                            7.125          RENTON                                            WA                                 98058
          593                    0.03                      0.375                                            8.125          SAN LEANDRO                                       CA                                 94577
          594                    0.03                      0.375                                              7.5          MESA                                              AZ                                 85205
          595                    0.03                      0.375                                              6.1          HESPERIA                                          CA                                 92345
          596                    0.03                      0.375                                            7.875          BIG BEAR CITY                                     CA                                 92314
          597                    0.03                      0.375                                             7.25          OREGON CITY                                       OR                                 97045
          598                    0.03                      0.375                                             7.25          BELLE PLAINE                                      MN                                 56011
          599                    0.03                      0.375                                            6.875          LONGVIEW                                          WA                                 98632
          600                    0.03                      0.375                                                7          CORAL SPRINGS                                     FL                                 33065
          601                    0.03                      0.375                                            6.875          COACHELLA                                         CA                                 92236
          602                    0.03                      0.375                                              7.5          HALETHORPE                                        MD                                 21227
          603                    0.03                      0.375                                              6.5          NOVATO                                            CA                                 94947
          604                    0.03                      0.375                                               10          LAGO VISTA                                        TX                                 78645
          605                    0.03                      0.375                                              7.5          HERMOSA BEACH                                     CA                                 90254
          606                    0.03                      0.375                                            8.625          MINNEAPOLIS                                       MN                                 55411
          607                    0.03                      0.375                                            7.325          MINNEAPOLIS                                       MN                                 55411
          608                    0.03                      0.375                                            8.875          FARMINGTON                                        NM                                 87401
          609                    0.03                      0.375                                            8.375          MARICOPA                                          AZ                                 85239
          610                    0.03                      0.375                                            6.625          IRVINE                                            CA                                 92612
          611                    0.03                      0.375                                              7.2          UPPER MARLBORO                                    MD                                 20774
          612                    0.03                       0.75                                            12.75          HENDERSON                                         NV                                 89012
          613                    0.03                      0.375                                              6.5          ALISO VIEJO                                       CA                                 92656
          614                    0.03                       0.75                                               12          TURLOCK                                           CA                                 95382
          615                    0.03                      0.375                                            6.875          PATTERSON                                         CA                                 95363
          616                    0.03                      0.375                                            5.375          NORMANDY PARK                                     WA                                 98166
          617                    0.03                      0.375                                             7.75          FRESNO                                            CA                                 93720
          618                    0.03                       0.25                                             5.95          ONTARIO                                           CA                                 91761
          619                    0.03                      0.375                                              7.5          GREENSBORO                                        NC                                 27406
          620                    0.03                       0.25                                             5.95          BELL GARDENS                                      CA                                 90201
          621                    0.03                      0.375                                                8          PORT SAINT LUCIE                                  FL                                 34953
          622                    0.03                      0.375                                             8.25          RALEIGH                                           NC                                 27616
          623                    0.03                      0.375                                            7.375          MIRAMAR                                           FL                                 33025
          624                    0.03                      0.375                                              7.5          SAINT PETERSBURG                                  FL                                 33714
          625                    0.03                       0.25                                             5.95          RIVERSIDE                                         CA                                 92506
          626                    0.03                      0.375                                            7.625          ORLANDO                                           FL                                 32829
          627                    0.03                       0.25                                             5.95          BALDWIN PARK                                      CA                                 91706
          628                    0.03                       0.75                                             11.6          SANTA ANA                                         CA                                 92707
          629                    0.03                      0.375                                             7.75          SARASOTA                                          FL                                 34243
          630                    0.03                       0.75                                            11.25          STANTON                                           CA                                 92804
          631                    0.03                      0.375                                              7.5          OCALA                                             FL                                 34474
          632                    0.03                      0.375                                              7.5          STOCKTON                                          CA                                 95203
          633                    0.03                      0.375                                            7.125          LAKELAND                                          FL                                 33806
          634                    0.03                      0.375                                              8.2          SILVER SPRING                                     MD                                 20906
          635                    0.03                      0.375                                              7.5          STOCKTON                                          CA                                 95206
          636                    0.03                       0.25                                              6.9          WASILLA                                           AK                                 99654
          637                    0.03                       0.25                                             8.55          FORSYTH                                           IL                                 62535
          638                    0.03                      0.375                                             8.75          LOS ANGELES                                       CA                                 90065
          639                    0.03                       0.25                                             6.95          DECATUR                                           IL                                 62522
          640                    0.03                      0.375                                            6.875          RIALTO                                            CA                                 92376
          641                    0.03                      0.375                                            7.875          (WILMINGTON AREA) LOS ANG                         CA                                 90744
          642                    0.03                      0.375                                              6.5          RENO                                              NV                                 89511
          643                    0.03                      0.375                                                8          SCOTTSDALE                                        AZ                                 85016
          644                    0.03                       0.25                                            6.675          LOS ANGELES                                       CA                                 90043
          645                    0.03                      0.375                                                7          PHOENIX                                           AZ                                 85027
          646                    0.03                       0.25                                            6.775          BETHLEHEM                                         PA                                 18015
          647                    0.03                      0.375                                            8.875          TEMPLETON                                         MA                                  1468
          648                    0.03                      0.375                                              8.5          RENO                                              NV                                 89512
          649                    0.03                      0.375                                            7.875          LAS VEGAS                                         NV                                 89108
          650                    0.03                       0.75                                             11.5          MURRIETA                                          CA                                 92563
          651                    0.03                      0.375                                            7.125          RENO                                              NV                                 89502
          652                    0.03                      0.375                                            9.375          ANAHEIM AREA                                      CA                                 92804
          653                    0.03                       0.25                                              8.9          KANSAS CITY                                       KS                                 66102
          654                    0.03                       0.25                                             6.35          LOS ANGELES                                       CA                                 90020
          655                    0.03                      0.375                                             7.75          DALY CITY                                         CA                                 94014
          656                    0.03                      0.375                                             7.75          NORTH LAS VEGAS                                   NV                                 89031
          657                    0.03                      0.375                                              7.5          KISSIMMEE                                         FL                                 34747
          658                    0.03                      0.375                                                6          SAN BERNARDINO                                    CA                                 92405
          659                    0.03                       0.25                                             6.35          LOS ANGELES                                       CA                                 90057
          660                    0.03                      0.375                                              7.5          VAN NUYS                                          CA                                 91411
          661                    0.03                      0.375                                            6.875          NORTH LAS VEGAS                                   NV                                 89032
          662                    0.03                      0.375                                            6.125          VICTORVILLE                                       CA                                 92392
          663                    0.03                       0.25                                                8          NASHVILLE                                         TN                                 37206
          664                    0.03                      0.375                                                7          ANAHEIM                                           CA                                 92807
          665                    0.03                      0.375                                              6.5          HUNTINGTON BEACH                                  CA                                 92646
          666                    0.03                      0.375                                            6.125          (NORTHRIDGE AREA) LOS ANG                         CA                                 91326
          667                    0.03                       0.75                                           14.875          MIRAMAR                                           FL                                 33025
          668                    0.03                       0.25                                            8.125          MORGANTOWN                                        WV                                 26505
          669                    0.03                      0.375                                                7          OAKLAND                                           CA                                 94605
          670                    0.03                      0.375                                            7.372          SANTA ANA                                         CA                                 92704
          671                    0.03                      0.375                                            6.875          CAPE CORAL                                        FL                                 33993
          672                    0.03                      0.375                                            8.125          PHOENIX                                           AZ                                 85043
          673                    0.03                      0.375                                             8.25          LEHIGH ACRES                                      FL                                 33971
          674                    0.03                      0.375                                            6.875          SANTA CLARA                                       CA                                 95051
          675                    0.03                       0.25                                            6.375          LOS ANGELES                                       CA                                 90038
          676                    0.03                       0.25                                            8.225          PEORIA                                            AZ                                 85345
          677                    0.03                      0.375                                             7.25          BRENTWOOD                                         CA                                 94513
          678                    0.03                       0.25                                             6.25          ALLENDALE                                         MI                                 49401
          679                    0.03                      0.375                                             7.75          BROOKLYN                                          NY                                 11221
          680                    0.03                      0.375                                            6.875          MORENO VALLEY                                     CA                                 92553
          681                    0.03                      0.375                                             6.75          BLOOMINGTON                                       CA                                 92316
          682                    0.03                      0.375                                             7.25          TAMPA                                             FL                                 33619
          683                    0.03                      0.375                                             6.75          VISTA                                             CA                                 92081
          684                    0.03                      0.375                                            8.755          DENVER                                            CO                                 80211
          685                    0.03                       0.75                                            12.65          NEW BRUNSWICK                                     NJ                                  8901
          686                    0.03                      0.375                                            7.125          TAMARAC                                           FL                                 33319
          687                    0.03                      0.375                                             7.75          VALENCIA                                          CA                                 91355
          688                    0.03                      0.375                                              7.5          SPRING VALLEY                                     CA                                 91977
          689                    0.03                       0.75                                             10.6          MILPITAS                                          CA                                 95035
          690                    0.03                      0.375                                                8          ORLANDO                                           FL                                 32835
          691                    0.03                      0.375                                              8.5          PORTERVILLE                                       CA                                 93257
          692                    0.03                      0.375                                            7.375          TROUTDALE                                         OR                                 97060
          693                    0.03                      0.375                                            7.275          MIAMI                                             FL                                 33143
          694                    0.03                      0.375                                            7.125          MODESTO                                           CA                                 95351
          695                    0.03                      0.375                                            7.625          NORTH PORT                                        FL                                 34286
          696                    0.03                      0.375                                            6.625          MORENO VALLEY                                     CA                                 92555
          697                    0.03                      0.375                                            7.375          SAN FRANCISCO                                     CA                                 94112
          698                    0.03                      0.375                                             8.25          PORT SAINT LUCIE                                  FL                                 34952
          699                    0.03                      0.375                                            8.375          OGDEN                                             UT                                 84401
          700                    0.03                      0.375                                            9.375          SMYRNA                                            GA                                 30080
          701                    0.03                      0.375                                            6.875          BOCA RATON                                        FL                                 33487
          702                    0.03                      0.375                                            8.375          DISTRICT HEIGHTS                                  MD                                 20747
          703                    0.03                      0.375                                            7.625          FORT PIERCE                                       FL                                 34982
          704                    0.03                      0.375                                            7.125          LONG BEACH                                        CA                                 90813
          705                    0.03                      0.375                                            7.375          PACE                                              FL                                 32571
          706                    0.03                      0.375                                            6.875          COCONUT CREEK                                     FL                                 33066
          707                    0.03                       0.75                                            11.25          JERSEY CITY                                       NJ                                  7305
          708                    0.03                      0.375                                             7.75          MILWAUKEE                                         WI                                 53212
          709                    0.03                      0.375                                            6.875          UNION CITY                                        NJ                                  7087
          710                    0.03                      0.375                                              9.5          ORLANDO                                           FL                                 32824
          711                    0.03                      0.375                                                6          LAS VEGAS                                         NV                                 89129
          712                    0.03                      0.375                                             6.75          DORCHESTER                                        MA                                  2125
          713                    0.03                      0.375                                            8.875          BEVERLY HILLS                                     CA                                 90211
          714                    0.03                      0.375                                            8.625          MURFREESBORO                                      TN                                 37129
          715                    0.03                      0.375                                             6.75          HESPERIA                                          CA                                 92345
          716                    0.03                       0.75                                               15          SANDY                                             UT                                 84094
          717                    0.03                      0.375                                             7.25          TAMPA                                             FL                                 33619
          718                    0.03                      0.375                                            7.375          CHICAGO                                           IL                                 60804
          719                    0.03                      0.375                                             5.75          MILPITAS                                          CA                                 95035
          720                    0.03                      0.375                                             6.99          COVENTRY                                          RI                                  2816
          721                    0.03                       0.75                                              9.6          NINEVEH                                           IN                                 46164
          722                    0.03                      0.375                                              6.5          DESCANSO                                          CA                                 91916
          723                    0.03                      0.375                                             7.75          TRENTON                                           NJ                                  8611
          724                    0.03                      0.375                                            7.375          SCHENECTADY                                       NY                                 12309
          725                    0.03                      0.375                                             6.25          CLOVIS                                            CA                                 93612
          726                    0.03                      0.375                                              7.5          CHANDLER                                          AZ                                 85226
          727                    0.03                      0.375                                             7.75          STATEN ISLAND                                     NY                                 10306
          728                    0.03                      0.375                                             6.95          ARLINGTON                                         TX                                 76018
          729                    0.03                       0.75                                            11.65          LAWRENCEVILLE                                     GA                                 30045
          730                    0.03                      0.375                                            9.875          PHILADELPHIA                                      PA                                 19139
          731                    0.03                      0.375                                             7.75          SELMA                                             CA                                 93662
          732                    0.03                      0.375                                            7.125          PORT SAINT LUCIE                                  FL                                 34953
          733                    0.03                      0.375                                              7.5          BRIDGEPORT                                        CT                                  6606
          734                    0.03                      0.375                                              8.5          JACKSONVILLE                                      FL                                 32221
          735                    0.03                      0.375                                                8          PLANTATION                                        FL                                 33317
          736                    0.03                      0.375                                            8.125          BROOKLYN                                          NY                                 11207
          737                    0.03                      0.375                                            7.938          MIAMI                                             FL                                 33196
          738                    0.03                      0.375                                            7.125          PERRIS                                            CA                                 92570
          739                    0.03                      0.375                                            7.125          PHOENIX                                           AZ                                 85043
          740                    0.03                      0.375                                            6.875          WEST HOLLYWOOD                                    CA                                 90069
          741                    0.03                      0.375                                            7.375          CHICAGO                                           IL                                 60636
          742                    0.03                      0.375                                            7.875          KISSIMMEE                                         FL                                 34744
          743                    0.03                      0.375                                             6.75          PLUMAS LAKE                                       CA                                 95961
          744                    0.03                       0.75                                            13.75          FORT MYERS                                        FL                                 33912
          745                    0.03                      0.375                                                7          ANTIOCH                                           CA                                 94509
          746                    0.03                      0.375                                                9          CHICAGO                                           IL                                 60629
          747                    0.03                       0.75                                           14.375          GREEN VALLEY LAKE AREA                            CA                                 92341
          748                    0.03                      0.375                                              8.5          LAKE WORTH                                        FL                                 33467
          749                    0.03                       0.75                                            11.75          ORLANDO                                           FL                                 32811
          750                    0.03                      0.375                                            6.875          ROGUE RIVER                                       OR                                 97537
          751                    0.03                      0.375                                            7.375          ELLICOTT CITY                                     MD                                 21042
          752                    0.03                      0.375                                              6.5          COACHELLA                                         CA                                 92236
          753                    0.03                      0.375                                              7.5          DORAL                                             FL                                 33166
          754                    0.03                       0.75                                            12.75          EIGHTY FOUR                                       PA                                 15330
          755                    0.03                      0.375                                            6.625          COCONUT CREEK                                     FL                                 33066
          756                    0.03                       0.75                                           12.875          MIAMI                                             FL                                 33132
          757                    0.03                      0.375                                            7.875          LAKE WORTH                                        FL                                 33461
          758                    0.03                      0.375                                            7.125          MESA                                              AZ                                 85208
          759                    0.03                       0.75                                             11.5          LOS ALAMOS                                        NM                                 87544
          760                    0.03                      0.375                                                7          SPRING VALLEY                                     CA                                 91977
          761                    0.03                      0.375                                              7.5          DORAL                                             FL                                 33178
          762                    0.03                      0.375                                            6.875          CHULA VISTA                                       CA                                 91915
          763                    0.03                       0.75                                           12.125          MIAMI                                             FL                                 33142
          764                    0.03                      0.375                                            6.875          DORAL                                             FL                                 33178
          765                    0.03                      0.375                                            7.875          CAPE CORAL                                        FL                                 33990
          766                    0.03                      0.375                                            6.375          SAN DIEGO                                         CA                                 92102
          767                    0.03                      0.375                                                7          HIALEAH                                           FL                                 33012
          768                    0.03                       0.75                                            11.99          ONTARIO                                           CA                                 91764
          769                    0.03                      0.375                                            8.375          MIAMI                                             FL                                 33126
          770                    0.03                      0.375                                            9.375          ROYAL PALM BEACH                                  FL                                 33414
          771                    0.03                      0.375                                            7.875          HIALEAH                                           FL                                 33012
          772                    0.03                      0.375                                             6.75          QUEEN CREEK                                       AZ                                 85242
          773                    0.03                      0.375                                             7.25          CHICAGO                                           IL                                 60623
          774                    0.03                      0.375                                            6.875          OCEANSIDE                                         CA                                 92057
          775                    0.03                      0.375                                            7.625          NORTH HIGHLANDS                                   CA                                 95660
          776                    0.03                      0.375                                                7          CENTER MORICHES                                   NY                                 11934
          777                    0.03                      0.375                                            6.875          OCEANSIDE                                         CA                                 92057
          778                    0.03                       0.75                                             12.5          DANA POINT                                        CA                                 92629
          779                    0.03                      0.375                                              8.5          SAN DIEGO                                         CA                                 92113
          780                    0.03                      0.375                                            7.125          TACOMA                                            WA                                 98422
          781                    0.03                      0.375                                              8.5          HOMESTEAD                                         FL                                 33033
          782                    0.03                      0.375                                            6.625          WINCHESTER                                        CA                                 92596
          783                    0.03                      0.375                                             7.25          ARTESIA                                           CA                                 90701
          784                    0.03                      0.375                                              7.5          MORENO VALLEY                                     CA                                 92553
          785                    0.03                      0.375                                            6.625          RENO                                              NV                                 89511
          786                    0.03                      0.375                                               12          BALTIMORE                                         MD                                 21230
          787                    0.03                      0.375                                              6.5          UPLAND                                            CA                                 91786
          788                    0.03                      0.375                                                7          FONTANA                                           CA                                 92335
          789                    0.03                      0.375                                                7          SAN DIEGO                                         CA                                 92101
          790                    0.03                      0.375                                            6.625          LACEY                                             WA                                 98503
          791                    0.03                       0.75                                            14.25          POMPANO BEACH                                     FL                                 33063
          792                    0.03                      0.375                                              7.5          LANCASTER                                         CA                                 93535
          793                    0.03                       0.75                                           11.625          MURPHY                                            TX                                 75094
          794                    0.03                      0.375                                             6.75          TACOMA                                            WA                                 98445
          795                    0.03                      0.375                                             6.75          TOLLESON                                          AZ                                 85353
          796                    0.03                      0.375                                             6.75          LANCASTER                                         CA                                 93535
          797                    0.03                      0.375                                             6.75          SIMI VALLEY                                       CA                                 93065
          798                    0.03                       0.75                                           12.875          BROOKLYN                                          NY                                 11221
          799                    0.03                      0.375                                              8.5          MOORPARK                                          CA                                 93021
          800                    0.03                      0.375                                             6.25          PERRIS                                            CA                                 92571
          801                    0.03                      0.375                                                7          SANTA ANA                                         CA                                 92705
          802                    0.03                      0.375                                              6.5          LANCASTER                                         CA                                 93535
          803                    0.03                       0.75                                               10          CHULA VISTA                                       CA                                 91911
          804                    0.03                      0.375                                            7.875          CHICAGO                                           IL                                 60623
          805                    0.03                      0.375                                             6.75          LANCASTER                                         CA                                 93535
          806                    0.03                      0.375                                                7          RIDGECREST                                        CA                                 93555
          807                    0.03                      0.375                                             6.75          LOS ANGELES                                       CA                                 90047
          808                    0.03                      0.375                                            7.875          PERRY HALL                                        MD                                 21128
          809                    0.03                      0.375                                           10.162          NORTH MIAMI BEACH                                 FL                                 33162
          810                    0.03                      0.375                                            7.625          SPARKS                                            NV                                 89431
          811                    0.03                      0.375                                            7.875          DOBBS FERRY                                       NY                                 10522
          812                    0.03                      0.375                                              6.5          ALBUQUERQUE                                       NM                                 87112
          813                    0.03                       0.75                                               12          MIAMI                                             FL                                 33194
          814                    0.03                      0.375                                            7.125          CHICAGO                                           IL                                 60625
          815                    0.03                      0.375                                            7.375          TUCSON                                            AZ                                 85739
          816                    0.03                      0.375                                                7          LAS VEGAS                                         NV                                 89130
          817                    0.03                       0.75                                           11.125          SOLEDAD                                           CA                                 93960
          818                    0.03                       0.75                                               12          SAN DIEGO                                         CA                                 92173
          819                    0.03                      0.375                                              6.5          EVERETT                                           WA                                 98208
          820                    0.03                      0.375                                             7.25          LAS VEGAS                                         NV                                 89103
          821                    0.03                      0.375                                            6.625          PASADENA                                          CA                                 91106
          822                    0.03                      0.375                                            9.375          ORLANDO                                           FL                                 32814
          823                    0.03                      0.375                                              7.5          CAPE CORAL                                        FL                                 33914
          824                    0.03                       0.75                                             9.75          DECATUR                                           GA                                 30033
          825                    0.03                       0.75                                           11.375          WHITTIER                                          CA                                 90603
          826                    0.03                       0.75                                            9.125          LAUREL                                            MD                                 20708
          827                    0.03                       0.75                                           12.125          CHICAGO                                           IL                                 60637
          828                    0.03                      0.375                                             6.34          CHESAPEAKE                                        VA                                 23322
          829                    0.03                       0.75                                           12.875          EXCELSIOR                                         MN                                 55331
          830                    0.03                      0.375                                             6.99          BEL AIR                                           MD                                 21015
          831                    0.03                      0.375                                             8.24          BELVILLE                                          NC                                 28451
          832                    0.03                       0.75                                            12.25          MURRIETA                                          CA                                 92562
          833                    0.03                      0.375                                            7.125          LOS ANGELES                                       CA                                 90047
          834                    0.03                       0.75                                           12.375          CHICAGO                                           IL                                 60639
          835                    0.03                      0.375                                             6.99          MODESTO                                           CA                                 95357
          836                    0.03                       0.75                                             12.5          BELVIDERE                                         IL                                 61008
          837                    0.03                      0.375                                             7.25          TAMARAC                                           FL                                 33321
          838                    0.03                      0.375                                            5.625          LADERA RANCH                                      CA                                 92694
          839                    0.03                      0.375                                             6.75          STOCKTON                                          CA                                 95219
          840                    0.03                       0.75                                            14.05          TAMARAC                                           FL                                 33321
          841                    0.03                      0.375                                            7.125          ANAHEIM                                           CA                                 92805
          842                    0.03                      0.375                                                6          MOORESVILLE                                       NC                                 28117
          843                    0.03                      0.375                                             8.75          HOMESTEAD                                         FL                                 33035
          844                    0.03                      0.375                                            6.125          SAN BERNARDINO                                    CA                                 92405
          845                    0.03                       0.75                                               14          MIAMI                                             FL                                 33165
          846                    0.03                      0.375                                                7          SEATAC                                            WA                                 98188
          847                    0.03                      0.375                                              6.5          COVINA AREA                                       CA                                 91724
          848                    0.03                      0.375                                             6.75          PALMDALE                                          CA                                 93550
          849                    0.03                       0.75                                            12.25          NORTHRIDGE                                        CA                                 91343
          850                    0.03                      0.375                                                7          EL DORADO HILLS                                   CA                                 95762
          851                    0.03                      0.375                                            6.875          RIVERSIDE                                         CA                                 92507
          852                    0.03                       0.75                                           11.375          SACRAMENTO                                        CA                                 95828
          853                    0.03                      0.375                                                8          HOMESTEAD                                         FL                                 33035
          854                    0.03                      0.375                                            5.875          LAS VEGAS                                         NV                                 89131
          855                    0.03                       0.75                                             14.5          HOLLYWOOD                                         FL                                 33019
          856                    0.03                      0.375                                                7          MIAMI                                             FL                                 33134
          857                    0.03                      0.375                                            6.875          NORTH HILLS                                       CA                                 91343
          858                    0.03                       0.75                                           14.125          PALM BAY                                          FL                                 32137
          859                    0.03                      0.375                                            7.875          PLANTATION                                        FL                                 33323
          860                    0.03                       0.75                                           12.375          CHICAGO                                           IL                                 60629
          861                    0.03                      0.375                                            8.125          LOS ANGELES                                       CA                                 90044
          862                    0.03                      0.375                                             6.75          TRAVELERS REST                                    SC                                 29690
          863                    0.03                      0.375                                             7.25          TOLLESON                                          AZ                                 85353
          864                    0.03                       0.75                                            12.25          SKOKIE                                            IL                                 60076
          865                    0.03                      0.375                                            8.375          WELLINGTON                                        FL                                 33414
          866                    0.03                      0.375                                                8          BOCA RATON                                        FL                                 33433
          867                    0.03                      0.375                                            6.375          UNION CITY                                        CA                                 94587
          868                    0.03                      0.375                                            6.875          TERRELL                                           NC                                 28682
          869                    0.03                      0.375                                              7.5          CHARLOTTE                                         NC                                 28216
          870                    0.03                       0.75                                            11.75          CHULA VISTA                                       CA                                 91911
          871                    0.03                      0.375                                            7.125          GREENSBORO                                        NC                                 27410
          872                    0.03                      0.375                                                8          HUDSON                                            FL                                 34667
          873                    0.03                      0.375                                                8          LUCIA                                             FL                                 34953
          874                    0.03                      0.375                                            7.625          ROMOLAND                                          CA                                 92585
          875                    0.03                      0.375                                            6.375          COVINA                                            CA                                 91722
          876                    0.03                       0.75                                           12.875          GIG HARBOR                                        WA                                 98335
          877                    0.03                      0.375                                            6.625          CYPRESS                                           CA                                 90630
          878                    0.03                       0.75                                           11.875          CHICAGO                                           IL                                 60609
          879                    0.03                      0.375                                            7.875          SAN BERNARDINO                                    CA                                 92401
          880                    0.03                       0.75                                           12.125          NAPA                                              CA                                 94559
          881                    0.03                      0.375                                             8.75          LYNWOOD                                           CA                                 90262
          882                    0.03                      0.375                                              7.5          LITHONIA                                          GA                                 30038
          883                    0.03                       0.75                                            12.25          WHEELING                                          IL                                 60090
          884                    0.03                      0.375                                            6.875          SAN JACINTO                                       CA                                 92583
          885                    0.03                      0.375                                            7.625          MIRAMAR                                           FL                                 33027
          886                    0.03                       0.75                                               12          WHITTIER                                          CA                                 90605
          887                    0.03                      0.375                                             7.25          WEST PALM BEACH                                   FL                                 33413
          888                    0.03                       0.75                                           12.375          CHICAGO                                           IL                                 60609
          889                    0.03                      0.375                                            5.875          GARDENA                                           CA                                 90248
          890                    0.03                      0.375                                              7.5          MIAMI                                             FL                                 33176
          891                    0.03                       0.75                                            13.75          PEMBROKE PINES                                    FL                                 33025
          892                    0.03                      0.375                                             6.25          AZUSA                                             CA                                 91702
          893                    0.03                       0.25                                             6.75          ANN ARBOR                                         MI                                 48104
          894                    0.03                      0.375                                             8.75          LONG BEACH                                        CA                                 90804
          895                    0.03                      0.375                                            8.625          BOWIE                                             MD                                 20720
          896                    0.03                      0.375                                                8          IRVINE                                            CA                                 92612
          897                    0.03                       0.25                                              8.1          HOMESTEAD                                         FL                                 33030
          898                    0.03                      0.375                                            6.875          HAYWARD                                           CA                                 94545
          899                    0.03                       0.75                                             14.5          FORT WORTH                                        TX                                 76248
          900                    0.03                       0.25                                              6.5          PORTLAND                                          OR                                 97236
          901                    0.03                      0.375                                             8.25          PASADENA                                          MD                                 21122
          902                    0.03                      0.375                                            7.125          WEST PALM BEACH                                   FL                                 33407
          903                    0.03                       0.25                                            6.125          RIVERSIDE                                         CA                                 92505
          904                    0.03                      0.375                                            7.375          LYNWOOD                                           CA                                 90262
          905                    0.03                       0.25                                              6.5          AUSTIN                                            TX                                 78722
          906                    0.03                       0.25                                              9.1          CINCINNATI                                        OH                                 45231
          907                    0.03                      0.375                                                9          LAS VEGAS                                         NV                                 89146
          908                    0.03                      0.375                                            6.375          PARLIER                                           CA                                 93648
          909                    0.03                       0.25                                            7.875          ALBUQUERQUE                                       NM                                 87108
          910                    0.03                      0.375                                            5.875          LOS ANGELES                                       CA                                 90008
          911                    0.03                      0.375                                            6.375          NEWARK                                            CA                                 94560
          912                    0.03                       0.25                                            6.775          LAGUNA BEACH                                      CA                                 92651
          913                    0.03                      0.375                                             7.75          SANTA ANA                                         CA                                 92703
          914                    0.03                      0.375                                              6.5          FONTANA                                           CA                                 92337
          915                    0.03                       0.25                                            6.475          PHOENIX                                           AZ                                 85031
          916                    0.03                      0.375                                            6.375          LOS ANGELES (RESEDA AREA)                         CA                                 91335
          917                    0.03                      0.375                                            6.875          CORONA AREA                                       CA                                 92881
          918                    0.03                      0.375                                            7.375          QUAIL VALLEY                                      CA                                 92587
          919                    0.03                      0.375                                            7.875          CHESAPEAKE                                        VA                                 23320
          920                    0.03                      0.375                                                8          BALTIMORE                                         MD                                 21222
          921                    0.03                      0.375                                                8          BEL AIR                                           MD                                 21015
          922                    0.03                      0.375                                                8          VIRGINIA BEACH                                    VA                                 23452
          923                    0.03                      0.375                                                8          UPPER MARLBORO                                    MD                                 20772
          924                    0.03                      0.375                                                8          WINDSOR MILL                                      MD                                 21244
          925                    0.03                      0.375                                                8          HYATTSVILLE                                       MD                                 20783
          926                    0.03                      0.375                                            8.125          MANASSAS                                          VA                                 20109
          927                    0.03                      0.375                                            8.125          RICHMOND                                          VA                                 23231
          928                    0.03                      0.375                                             8.25          MANASSAS                                          VA                                 20111
          929                    0.03                      0.375                                             8.25          HYATTSVILLE                                       MD                                 20783
          930                    0.03                      0.375                                             8.25          BOWIE                                             MD                                 20720
          931                    0.03                      0.375                                            8.375          BOWIE                                             MD                                 20716
          932                    0.03                      0.375                                            8.375          BOWIE                                             MD                                 20720
          933                    0.03                      0.375                                             7.75          SAN DIEGO                                         CA                                 92107
          934                    0.03                      0.375                                                7          LAKE RONKONKOMA                                   NY                                 11779
          935                    0.03                       0.75                                           12.375          LANCASTER                                         CA                                 93534
          936                    0.03                       0.75                                           12.875          SILVER SPRING                                     MD                                 20904
          937                    0.03                      0.375                                             6.75          SOUTH EL MONTE                                    CA                                 91733
          938                    0.03                      0.375                                            7.125          NORTH LAUDERDALE                                  FL                                 33068
          939                    0.03                      0.375                                            8.375          GERMANTOWN                                        MD                                 20874
          940                    0.03                      0.375                                              8.5          NORFOLK                                           VA                                 23518
          941                    0.03                      0.375                                            8.625          PRINCE GEORGE                                     VA                                 23875
          942                    0.03                      0.375                                            8.625          WARRENTON                                         VA                                 20186
          943                    0.03                      0.375                                                9          STAFFORD                                          VA                                 22554
          944                    0.03                      0.375                                                9          SPOTSYLVANIA                                      VA                                 22553
          945                    0.03                      0.375                                            6.625          (CUDAHY AREA)BELL                                 CA                                 90201
          946                    0.03                      0.375                                            8.125          LAS VEGAS                                         NV                                 89129
          947                    0.03                      0.375                                                7          LOS ANGELES                                       CA                                 90019
          948                    0.03                      0.375                                            8.375          SACRAMENTO                                        CA                                 95824
          949                    0.03                      0.375                                              6.5          COACHELLA                                         CA                                 92236
          950                    0.03                      0.375                                            6.875          AREA OF INGLEWOOD                                 CA                                 90047
          951                    0.03                      0.375                                            7.375          COLTON                                            CA                                 92324
          952                    0.03                      0.375                                            7.125          ATASCADERO                                        CA                                 93422
          953                    0.03                      0.375                                             6.39          HESPERIA                                          CA                                 92344
          954                    0.03                      0.375                                             7.75          MENIFEE                                           CA                                 92584
          955                    0.03                      0.375                                             7.25          INDIAN LAKE ESTATES                               FL                                 33855
          956                    0.03                      0.375                                            7.125          ONTARIO                                           CA                                 91761
          957                    0.03                      0.375                                                7          MARICOPA                                          AZ                                 85239
          958                    0.03                      0.375                                             6.75          EL SOBRANTE                                       CA                                 94803
          959                    0.03                      0.375                                                7          MESA                                              AZ                                 85210
          960                    0.03                      0.375                                                7          LAS VEGAS                                         NV                                 89103
          961                    0.03                      0.375                                              7.5          YUCCA VALLEY                                      CA                                 92284
          962                    0.03                      0.375                                             7.75          BLOOMINGTON  AREA                                 CA                                 92316
          963                    0.03                      0.375                                             5.99          LOS ANGELES                                       CA                                 90059
          964                    0.03                      0.375                                             6.75          FONTANA                                           CA                                 92336
          965                    0.03                      0.375                                             6.25          INGLEWOOD                                         CA                                 90305
          966                    0.03                      0.375                                             6.19          MIAMI                                             FL                                 33193
          967                    0.03                      0.375                                            7.375          ADELANTO                                          CA                                 92301
          968                    0.03                      0.375                                            6.625          MIAMI                                             FL                                 33177
          969                    0.03                      0.375                                                6          PLACENTIA                                         CA                                 92870
          970                    0.03                      0.375                                            7.375          COLUMBIA                                          MD                                 21045
          971                    0.03                      0.375                                            7.365          STUART                                            FL                                 34997
          972                    0.03                      0.375                                             6.84          GLENDALE                                          AZ                                 85306
          973                    0.03                      0.375                                            5.625          SAN FRANCISCO                                     CA                                 94112
          974                    0.03                      0.375                                              7.5          MIAMI                                             FL                                 33135
          975                    0.03                      0.375                                             6.69          TEXAS CITY                                        TX                                 77590
          976                    0.03                      0.375                                              5.5          SAN DIEGO                                         CA                                 92106
          977                    0.03                      0.375                                             6.75          MONTEBELLO                                        CA                                 90640
          978                    0.03                      0.375                                            7.875          LOS ANGELES                                       CA                                 90044
          979                    0.03                      0.375                                            7.375          RANCHO CUCAMONGA                                  CA                                 91730
          980                    0.03                      0.375                                             6.75          LYNWOOD                                           CA                                 90262
          981                    0.03                      0.375                                            7.125          PETERSBURG                                        VA                                 23805
          982                    0.03                      0.375                                             7.25          WOODLAND HILLS                                    CA                                 91367
          983                    0.03                      0.375                                              7.2          SANTA CLARITA                                     CA                                 91390
          984                    0.03                      0.375                                            5.125          GARDEN GROVE                                      CA                                 92844
          985                    0.03                      0.375                                              7.5          MANHEIM                                           PA                                 17545
          986                    0.03                      0.375                                             6.75          LOCKPORT                                          IL                                 60441
          987                    0.03                      0.375                                             6.75          PHILADELPHIA                                      PA                                 19130
          988                    0.03                      0.375                                            8.625          LAS VEGAS                                         NV                                 89103
          989                    0.03                      0.375                                              7.3          LOS ANGELES                                       CA                                 90043
          990                    0.03                      0.375                                             6.99          MENIFEE                                           CA                                 92584
          991                    0.03                      0.375                                                8          NORTH LAUDERDALE                                  FL                                 33068
          992                    0.03                      0.375                                             6.75          LAS VEGAS                                         NV                                 89110
          993                    0.03                      0.375                                             6.41          CHICAGO                                           IL                                 60660
          994                    0.03                      0.375                                             6.69          MIDDLEBURG                                        FL                                 32068
          995                    0.03                      0.375                                            5.292          POMPANO BEACH                                     FL                                 33069
          996                    0.03                      0.375                                                9          VIRGINIA BEACH                                    VA                                 23455
          997                    0.03                       0.75                                           11.375          HOLLYWOOD                                         FL                                 33020
          998                    0.03                       0.75                                           11.375          PALM BAY                                          FL                                 32909
          999                    0.03                      0.375                                              5.5          SAN DIEGO                                         CA                                 92113
         1000                    0.03                      0.375                                            6.875          SAINT PAUL                                        MN                                 55104
         1001                    0.03                       0.75                                               12          DUARTE                                            CA                                 91010
         1002                    0.03                      0.375                                            8.125          JUPITER                                           FL                                 33458
         1003                    0.03                      0.375                                             7.95          PALMDALE                                          CA                                 93551
         1004                    0.03                       0.75                                            12.75          FALLS CHURCH                                      VA                                 22041
         1005                    0.03                      0.375                                            6.625          ESCONDIDO                                         CA                                 92027
         1006                    0.03                      0.375                                             5.75          LANCASTER                                         CA                                 93535
         1007                    0.03                      0.375                                              8.5          FLUSHING                                          NY                                 11355
         1008                    0.03                      0.375                                             8.75          LAS VEGAS                                         NV                                 89103
         1009                    0.03                      0.375                                            6.875          SHERMAN OAKS                                      CA                                 91423
         1010                    0.03                      0.375                                            6.875          LOS ANGELES                                       CA                                 90002
         1011                    0.03                      0.375                                             7.25          BUENA PARK                                        CA                                 90620
         1012                    0.03                      0.375                                            6.375          MORENO VALLEY                                     CA                                 92551
         1013                    0.03                      0.375                                              6.5          MONROVIA                                          CA                                 91016
         1014                    0.03                      0.375                                              6.5          SIMI VALLEY                                       CA                                 93063
         1015                    0.03                      0.375                                            6.875          SAN JOSE                                          CA                                 95120
         1016                    0.03                      0.375                                              9.5          LAKE WALES                                        FL                                 33853
         1017                    0.03                      0.375                                             7.25          WEST PALM BEACH                                   FL                                 33411
         1018                    0.03                      0.375                                            6.875          RANCHO CUCAMONGA                                  CA                                 91730
         1019                    0.03                      0.375                                            6.625          HUNTINGTON PARK                                   CA                                 90255
         1020                    0.03                      0.375                                            6.625          HESPERIA                                          CA                                 92344
         1021                    0.03                      0.375                                            7.625          HIGHLAND                                          CA                                 92346
         1022                    0.03                      0.375                                              7.5          LOS ANGELES                                       CA                                 90011
         1023                    0.03                      0.375                                            7.375          LOS ANGELES                                       CA                                 90011
         1024                    0.03                      0.375                                            6.625          SOUTH OZONE PARK                                  NY                                 11420
         1025                    0.03                      0.375                                             7.79          BROOKLYN                                          NY                                 11233
         1026                    0.03                      0.375                                            6.625          SALT LAKE CITY                                    UT                                 84103
         1027                    0.03                      0.375                                            8.375          MIRAMAR                                           FL                                 33023
         1028                    0.03                      0.375                                            6.875          SANTA CLARITA                                     CA                                 91387
         1029                    0.03                      0.375                                            6.625          SAN DIEGO                                         CA                                 92101
         1030                    0.03                      0.375                                            5.875          IRVINE                                            CA                                 92618
         1031                    0.03                      0.375                                            7.125          FULLERTON                                         CA                                 92831
         1032                    0.03                      0.375                                              7.5          CARPINTERIA                                       CA                                 93013
         1033                    0.03                      0.375                                             6.75          CORNING                                           CA                                 96021
         1034                    0.03                      0.375                                            6.875          MEDFORD                                           OR                                 97504
         1035                    0.03                      0.375                                            7.875          WATERBURY                                         CT                                  6706
         1036                    0.03                      0.375                                             6.75          LANCASTER                                         CA                                 93535
         1037                    0.03                      0.375                                             6.75          WHITTIER                                          CA                                 90605
         1038                    0.03                      0.375                                              7.2          PROSPECT HEIGHTS                                  IL                                 60070
         1039                    0.03                      0.375                                                7          ALEXANDRIA                                        VA                                 22314
         1040                    0.03                      0.375                                             6.75          RIDGECREST                                        CA                                 93555
         1041                    0.03                      0.375                                            7.875          WEST PALM BEACH                                   FL                                 33411
         1042                    0.03                      0.375                                            6.875          SAN JOSE                                          CA                                 95111
         1043                    0.03                      0.375                                            6.375          VILLAGE OF PALMETTO                               FL                                 33176
         1044                    0.03                      0.375                                             6.99          CORONA DEL MAR AREA                               CA                                 92625
         1045                    0.03                      0.375                                            6.875          SAN JOSE                                          CA                                 95116
         1046                    0.03                      0.375                                            7.125          SAINT PETERSBURG                                  FL                                 33708
         1047                    0.03                      0.375                                            7.125          POMPANO BEACH                                     FL                                 33069
         1048                    0.03                      0.375                                            6.125          CULVER CITY                                       CA                                 90230
         1049                    0.03                      0.375                                            6.375          VILLAGE OF PALMETTO BAY                           FL                                 33176
         1050                    0.03                      0.375                                            5.875          CARSON                                            CA                                 90745
         1051                    0.03                      0.375                                             6.99          OXNARD                                            CA                                 93033
         1052                    0.03                      0.375                                            6.625          NAPA                                              CA                                 94559
         1053                    0.03                      0.375                                            7.125          HEMET                                             CA                                 92544
         1054                    0.03                      0.375                                            7.125          LOS ANGELES                                       CA                                 90061
         1055                    0.03                      0.375                                                7          PENSACOLA                                         FL                                 32507
         1056                    0.03                      0.375                                            6.875          PORTLAND                                          OR                                 97209
         1057                    0.03                      0.375                                            6.875          MANASSAS                                          VA                                 20110
         1058                    0.03                      0.375                                             6.75          TEMECULA                                          CA                                 92591
         1059                    0.03                      0.375                                             7.75          PHOENIX                                           AZ                                 85050
         1060                    0.03                      0.375                                            8.625          LAS VEGAS                                         NV                                 89103
         1061                    0.03                      0.375                                            5.875          FRESNO                                            CA                                 93703
         1062                    0.03                      0.375                                            7.375          BEND                                              OR                                 97702
         1063                    0.03                      0.375                                             6.75          LAKE ELSINORE                                     CA                                 92530
         1064                    0.03                      0.375                                            6.375          AUBURN                                            WA                                 98002
         1065                    0.03                      0.375                                             9.75          DAVENPORT                                         FL                                 33837
         1066                    0.03                      0.375                                            6.375          BELLFLOWER                                        CA                                 90706
         1067                    0.03                      0.375                                            6.875          HIGHLAND                                          CA                                 92346
         1068                    0.03                      0.375                                            7.125          LOS ANGELES                                       CA                                 90018
         1069                    0.03                      0.375                                              7.5          LAKE ARROWHEAD                                    CA                                 92352
         1070                    0.03                      0.375                                             6.99          LANCASTER                                         CA                                 93535
         1071                    0.03                      0.375                                              7.5          HESPERIA                                          CA                                 92345
         1072                    0.03                      0.375                                                8          PHOENIX                                           AZ                                 85033
         1073                    0.03                      0.375                                            7.625          PORT ST LUCIE                                     FL                                 34953
         1074                    0.03                      0.375                                              6.5          CORONA                                            CA                                 92883
         1075                    0.03                      0.375                                                8          MYRTLE BEACH                                      SC                                 29572
         1076                    0.03                      0.375                                            7.875          MURRIETA                                          CA                                 92563
         1077                    0.03                      0.375                                              6.5          CEDAR CITY                                        UT                                 84720
         1078                    0.03                      0.375                                             7.87          BROOKLYN                                          NY                                 11207
         1079                    0.03                      0.375                                            9.125          HONOLULU                                          HI                                 96825
         1080                    0.03                      0.375                                              6.5          CEDAR CITY                                        UT                                 84720
         1081                    0.03                      0.375                                            6.875          SACRAMENTO                                        CA                                 95829
         1082                    0.03                      0.375                                             9.75          MIAMI                                             FL                                 33155
         1083                    0.03                      0.375                                              7.5          PEMBROKE PINES                                    FL                                 33025
         1084                    0.03                      0.375                                            7.625          WASHINGTON                                        DC                                 20018
         1085                    0.03                      0.375                                            7.375          BALDWIN PARK                                      CA                                 91706
         1086                    0.03                      0.375                                            6.875          LOS ANGELES                                       CA                                 90019
         1087                    0.03                      0.375                                                8          THOUSAND OAKS                                     CA                                 91360
         1088                    0.03                      0.375                                             7.25          CHICAGO                                           IL                                 60639
         1089                    0.03                      0.375                                             6.75          ARLETA AREA  LOS ANG                              CA                                 91331
         1090                    0.03                       0.75                                             13.4          AUSTIN                                            TX                                 78721
         1091                    0.03                      0.375                                             6.75          HARRISBURG                                        PA                                 17103
         1092                    0.03                      0.375                                            7.875          NORFOLK                                           VA                                 23513
         1093                    0.03                      0.375                                            8.125          APOLLO                                            PA                                 15613
         1094                    0.03                      0.375                                             8.25          RICHMOND                                          VA                                 23223
         1095                    0.03                      0.375                                            8.375          RICHMOND                                          VA                                 23223
         1096                    0.03                      0.375                                              8.5          PORTSMOUTH                                        VA                                 23704
         1097                    0.03                      0.375                                              8.5          BALTIMORE                                         MD                                 21218
         1098                    0.03                      0.375                                            8.625          NORRISTOWN                                        PA                                 19401
         1099                    0.03                      0.375                                             7.25          ODENTON                                           MD                                 21113
         1100                    0.03                      0.375                                            7.375          GLEN BURNIE                                       MD                                 21060
         1101                    0.03                      0.375                                            7.375          BOWIE                                             MD                                 20716
         1102                    0.03                      0.375                                              7.5          MANASSAS                                          VA                                 20109
         1103                    0.03                      0.375                                            7.625          CAPITOL HEIGHTS                                   MD                                 20743
         1104                    0.03                      0.375                                             7.75          FAIRFAX                                           VA                                 22032
         1105                    0.03                      0.375                                             7.75          BRISTOW                                           VA                                 20136
         1106                    0.03                      0.375                                             7.75          FREDERICKSBURG                                    VA                                 22405
         1107                    0.03                      0.375                                             7.75          CROFTON                                           MD                                 21114
         1108                    0.03                      0.375                                             7.75          NOTTINGHAM                                        MD                                 21236
         1109                    0.03                      0.375                                             7.75          TEMPLE HILLS                                      MD                                 20748
         1110                    0.03                      0.375                                             7.75          LAUREL                                            MD                                 20707
         1111                    0.03                      0.375                                             7.75          BRANDYWINE                                        MD                                 20613
         1112                    0.03                      0.375                                             7.75          LAUREL                                            MD                                 20707
         1113                    0.03                      0.375                                            7.375          LAS VEGAS                                         NV                                 89103
         1114                    0.03                      0.375                                             7.25          LANCASTER                                         CA                                 93535
         1115                    0.03                      0.375                                            7.375          DUMFRIES                                          VA                                 22026
         1116                    0.03                      0.375                                            7.625          STERLING                                          VA                                 20165
         1117                    0.03                       0.25                                             8.65          ELIZABETH                                         NJ                                  7201
         1118                    0.03                       0.25                                            6.925          MINNEAPOLIS                                       MN                                 55404
         1119                    0.03                      0.375                                             8.25          GAINESVILLE                                       VA                                 20155
         1120                    0.03                       0.25                                             7.75          TUMWATER                                          WA                                 98512
         1121                    0.03                      0.375                                            6.875          MESA                                              AZ                                 85209
         1122                    0.03                      0.375                                            7.484          MIAMI                                             FL                                 33145
         1123                    0.03                      0.375                                            7.375          WILMINGTON                                        CA                                 90744
         1124                    0.03                       0.75                                             10.5          ANTIOCH                                           CA                                 94509
         1125                    0.03                       0.75                                              6.5          SANTA ROSA                                        CA                                 95409
         1126                    0.03                      0.375                                            6.875          MINNEAPOLIS                                       MN                                 55414
         1127                    0.03                      0.375                                             7.75          HARRISONBURG                                      VA                                 22802
         1128                    0.03                      0.375                                            7.625          FRONT ROYAL                                       VA                                 22630
         1129                    0.03                       0.25                                            6.675          LOS ANGELES                                       CA                                 90068
         1130                    0.03                      0.375                                            7.125          STAFFORD                                          VA                                 22556
         1131                    0.03                      0.375                                             6.25          TEMECULA                                          CA                                 92592
         1132                    0.03                       0.75                                            11.75          CARMEL                                            IN                                 46032
         1133                    0.03                      0.375                                             6.99          LOS ANGELES                                       CA                                 90002
         1134                    0.03                      0.375                                              7.5          SAN JACINTO                                       CA                                 92583
         1135                    0.03                      0.375                                             6.95          CORONA                                            CA                                 92881
         1136                    0.03                      0.375                                             5.75          LYNWOOD                                           CA                                 90262
         1137                    0.03                       0.75                                            9.875          GOSHEN                                            CT                                  6756
         1138                    0.03                      0.375                                            7.375          WINCHESTER                                        VA                                 22602
         1139                    0.03                       0.75                                            7.375          OXON HILL                                         MD                                 20745
         1140                    0.03                      0.375                                              7.5          CLINTON                                           MD                                 20735
         1141                    0.03                      0.375                                              6.9          LANCASTER                                         CA                                 93534
         1142                    0.03                      0.375                                             8.45          MOJAVE                                            CA                                 93501
         1143                    0.03                       0.25                                            6.675          LOS ANGELES                                       CA                                 90048
         1144                    0.03                      0.375                                              7.5          ALEXANDRIA                                        VA                                 22315
         1145                    0.03                       0.25                                            6.375          SAN FRANCISCO                                     CA                                 94117
         1146                    0.03                       0.25                                            6.525          RICHMOND                                          VA                                 23220
         1147                    0.03                      0.375                                            7.625          WOODSTOCK                                         VA                                 22664
         1148                    0.03                      0.375                                                7          REDONDO BEACH                                     CA                                 90278
         1149                    0.03                      0.375                                             7.25          HALLANDALE                                        FL                                 33009
         1150                    0.03                      0.375                                            6.875          ALISO VIEJO                                       CA                                 92656
         1151                    0.03                      0.375                                            5.625          REDLANDS                                          CA                                 92373
         1152                    0.03                      0.375                                            7.237          MIAMI                                             FL                                 33165
         1153                    0.03                      0.375                                             9.25          BUIES CREEK                                       NC                                 27506
         1154                    0.03                       0.25                                            8.375          PLAYA DEL REY                                     CA                                 90393
         1155                    0.03                      0.375                                              8.3          LONG BEACH                                        CA                                 90804
         1156                    0.03                      0.375                                            7.125          CLOVIS                                            CA                                 93611
         1157                    0.03                      0.375                                                8          ARLINGTON                                         VA                                 22201
         1158                    0.03                      0.375                                              8.5          STAFFORD                                          VA                                 22554
         1159                    0.03                      0.375                                              7.7          COMPTON                                           CA                                 90221
         1160                    0.03                      0.375                                              7.1          HIGHLAND                                          CA                                 92346
         1161                    0.03                      0.375                                            7.375          UPPER MARLBORO                                    MD                                 20774
         1162                    0.03                      0.375                                              7.5          PASO ROBLES                                       CA                                 93446
         1163                    0.03                       0.75                                            6.875          CLINTON                                           MD                                 20735
         1164                    0.03                      0.375                                              7.2          BROOKLYN                                          NY                                 11210
         1165                    0.03                      0.375                                              6.5          LOS ANGELES(VAN NUYS AREA                         CA                                 91405
         1166                    0.03                      0.375                                            7.625          FAIRFIELD                                         CA                                 94533
         1167                    0.03                      0.375                                             7.75          NEWPORT NEWS                                      VA                                 23605
         1168                    0.03                      0.375                                            7.125          LANCASTER                                         CA                                 93535
         1169                    0.03                      0.375                                                8          JACKSONVILLE                                      FL                                 32205
         1170                    0.03                      0.375                                             6.75          VICTORVILLE                                       CA                                 92392
         1171                    0.03                      0.375                                                7          BALTIMORE                                         MD                                 21228
         1172                    0.03                       0.75                                            8.375          MYRTLE BEACH                                      SC                                 29579
         1173                    0.03                      0.375                                              7.2          LANHAM                                            MD                                 20706
         1174                    0.03                      0.375                                            6.875          LAKE ELSINORE                                     CA                                 92530
         1175                    0.03                      0.375                                             7.75          ODENTON                                           MD                                 21113
         1176                    0.03                       0.75                                            12.49          DETROIT                                           MI                                 48221
         1177                    0.03                      0.375                                             6.99          RED BLUFF                                         CA                                 96080
         1178                    0.03                      0.375                                                7          MURRIETA                                          CA                                 92562
         1179                    0.03                      0.375                                              7.7          LANCASTER                                         CA                                 93534
         1180                    0.03                      0.375                                             5.75          ANAHEIM                                           CA                                 92801
         1181                    0.03                      0.375                                            7.875          FREDERICK                                         MD                                 21701
         1182                    0.03                      0.375                                            5.875          RIVERSIDE                                         CA                                 92506
         1183                    0.03                       0.75                                            9.125          OAKLAND                                           CA                                 94603
         1184                    0.03                       0.75                                             8.75          SAN BERNARDINO                                    CA                                 92410
         1185                    0.03                      0.375                                              7.5          LOS ANGELES                                       CA                                 90042
         1186                    0.03                      0.375                                                8          SAN DIEGO                                         CA                                 92115
         1187                    0.03                      0.375                                             6.75          RIALTO                                            CA                                 92376
         1188                    0.03                      0.375                                            7.625          ANAHEIM                                           CA                                 92805
         1189                    0.03                      0.375                                            7.875          MECHANICSVILLE                                    VA                                 23111
         1190                    0.03                      0.375                                                8          SILVER SPRING                                     MD                                 20901
         1191                    0.03                      0.375                                                7          DESERT HOT SPRINGS                                CA                                 92240
         1192                    0.03                      0.375                                              7.5          BALDWIN PARK                                      CA                                 91706
         1193                    0.03                      0.375                                              7.5          LAVEEN                                            AZ                                 85339
         1194                    0.03                      0.375                                             6.75          MANASSAS                                          VA                                 20110
         1195                    0.03                       0.75                                            9.125          BRADENTON                                         FL                                 34202
         1196                    0.03                      0.375                                             7.25          LANCASTER                                         CA                                 93536
         1197                    0.03                      0.375                                             6.85          TEMECULA                                          CA                                 92592
         1198                    0.03                       0.75                                             8.75          BULLHEAD CITY                                     AZ                                 86442
         1199                    0.03                      0.375                                                7          LAS VEGAS                                         NV                                 89103
         1200                    0.03                      0.375                                                8          BALTIMORE                                         MD                                 21223
         1201                    0.03                      0.375                                                8          WALDORF                                           MD                                 20601
         1202                    0.03                       0.75                                             8.75          BEAUMONT                                          CA                                 92223
         1203                    0.03                      0.375                                             8.25          HEMET                                             CA                                 92545
         1204                    0.03                      0.375                                             8.15          COMPTON                                           CA                                 90221
         1205                    0.03                      0.375                                             6.99          NORWALK                                           CA                                 90650
         1206                    0.03                      0.375                                             7.55          LYNWOOD                                           CA                                 90262
         1207                    0.03                       0.75                                             8.75          WASCO                                             CA                                 93280
         1208                    0.03                      0.375                                                8          WALDORF                                           MD                                 20601
         1209                    0.03                      0.375                                            8.125          BALTIMORE                                         MD                                 21227
         1210                    0.03                      0.375                                              6.5          SAN JACINTO                                       CA                                 92583
         1211                    0.03                      0.375                                             8.99          LOS ANGELES                                       CA                                 90032
         1212                    0.03                      0.375                                           11.125          TUCSON                                            AZ                                 85713
         1213                    0.03                      0.375                                             7.25          LOS ANGELES                                       CA                                 90011
         1214                    0.03                      0.375                                             7.75          LONG BEACH                                        CA                                 90813
         1215                    0.03                      0.375                                             7.48          LA QUINTA                                         CA                                 92253
         1216                    0.03                      0.375                                             7.25          LONG BEACH                                        CA                                 90804
         1217                    0.03                       0.75                                           10.875          CALDWELL                                          ID                                 83607
         1218                    0.03                      0.375                                            7.375          HIALEAH                                           FL                                 33012
         1219                    0.03                      0.375                                            6.875          SAN JOSE                                          CA                                 95124
         1220                    0.03                      0.375                                             6.99          VISTA                                             CA                                 92084
         1221                    0.03                      0.375                                             8.25          STATE COLLEGE                                     PA                                 16803
         1222                    0.03                       0.75                                             8.75          PATTERSON                                         CA                                 95363
         1223                    0.03                      0.375                                             6.75          LONG BEACH                                        CA                                 90805
         1224                    0.03                      0.375                                            7.875          PLEASANTVILLE                                     NJ                                  8232
         1225                    0.03                      0.375                                            7.125          SAN DIEGO                                         CA                                 92115
         1226                    0.03                      0.375                                            6.875          VISTA                                             CA                                 92084
         1227                    0.03                      0.375                                            7.375          ANNANDALE                                         VA                                 22003
         1228                    0.03                      0.375                                              8.5          HAGERSTOWN                                        MD                                 21740
         1229                    0.03                      0.375                                            7.875          BELTSVILLE                                        MD                                 20705
         1230                    0.03                      0.375                                                8          ASHBURN                                           VA                                 20147
         1231                    0.03                      0.375                                             8.25          BALTIMORE                                         MD                                 21227
         1232                    0.03                      0.375                                            7.625          MIAMI BEACH                                       FL                                 33141
         1233                    0.03                      0.375                                             7.75          GAINESVILLE                                       VA                                 20155
         1234                    0.03                      0.375                                             6.83          NEWPORT NEWS                                      VA                                 23608
         1235                    0.03                      0.375                                             8.25          SOMMERVILLE                                       MA                                  2143
         1236                    0.03                      0.375                                            7.875          PLANTATION                                        FL                                 33317
         1237                    0.03                      0.375                                             7.75          CAPE CORAL                                        FL                                 33990
         1238                    0.03                      0.375                                             8.03          LA PLATA                                          MD                                 20646
         1239                    0.03                       0.75                                             8.75          RIALTO                                            CA                                 92376
         1240                    0.03                      0.375                                            7.875          LYNWOOD                                           WA                                 98087
         1241                    0.03                      0.375                                              7.5          AURORA                                            CO                                 80010
         1242                    0.03                      0.375                                             7.75          LAKE WORTH                                        FL                                 33467
         1243                    0.03                      0.375                                              7.5          CAPITOL HEIGHTS                                   MD                                 20743
         1244                    0.03                      0.375                                             6.99          SAN RAMON                                         CA                                 94582
         1245                    0.03                      0.375                                                7          MANASSAS                                          VA                                 20110
         1246                    0.03                      0.375                                            8.325          HARRISON                                          NJ                                  7029
         1247                    0.03                      0.375                                            7.125          LARGO                                             FL                                 33744
         1248                    0.03                      0.375                                             6.95          GRANADA HILLS                                     CA                                 91344
         1249                    0.03                      0.375                                              7.7          CANOGA PARK                                       CA                                 91306
         1250                    0.03                      0.375                                              7.3          LITTLEROCK                                        CA                                 93550
         1251                    0.03                      0.375                                            6.875          LANCASTER                                         CA                                 93535
         1252                    0.03                      0.375                                            8.375          SPRINGFIELD                                       VA                                 22153
         1253                    0.03                      0.375                                                7          FOUNTAIN VALLEY                                   CA                                 92708
         1254                    0.03                      0.375                                            8.375          GAINESVILLE                                       VA                                 20155
         1255                    0.03                      0.375                                             6.75          VICTORVILLE                                       CA                                 92394
         1256                    0.03                      0.375                                            6.625          MIAMI                                             FL                                 33018
         1257                    0.03                      0.375                                                7          PHOENIX                                           AZ                                 85008
         1258                    0.03                      0.375                                            6.375          CANYON COUNTRY                                    CA                                 91387
         1259                    0.03                      0.375                                             6.75          SAN JOSE                                          CA                                 95120
         1260                    0.03                      0.375                                             6.25          DELANO                                            CA                                 93215
         1261                    0.03                      0.375                                            6.975          PHILADELPHIA                                      PA                                 19120
         1262                    0.03                      0.375                                              7.6          LAKEWOOD                                          CO                                 80226
         1263                    0.03                      0.375                                                7          TUALATIN                                          OR                                 97062
         1264                    0.03                      0.375                                            7.125          SACRAMENTO                                        CA                                 95822
         1265                    0.03                      0.375                                                7          PHOENIX                                           AZ                                 85051
         1266                    0.03                      0.375                                            6.875          PHOENIX                                           AZ                                 85041
         1267                    0.03                      0.375                                             7.57          TAMPA                                             FL                                 33619
         1268                    0.03                      0.375                                            6.625          HEMET                                             CA                                 92543
         1269                    0.03                       0.75                                             11.5          MURRIETA                                          CA                                 92563
         1270                    0.03                      0.375                                             6.39          IJAMSVILLE                                        MD                                 21754
         1271                    0.03                       0.25                                              6.2          FONTANA                                           CA                                 92335
         1272                    0.03                      0.375                                            7.375          LYNWOOD                                           CA                                 90262
         1273                    0.03                      0.375                                             5.75          TEMECULA                                          CA                                 92591
         1274                    0.03                      0.375                                              7.5          NEWARK                                            NJ                                  7102
         1275                    0.03                      0.375                                            7.625          HUNTINGTON BEACH                                  CA                                 92648
         1276                    0.03                      0.375                                             7.25          BAKERSFIELD                                       CA                                 93307
         1277                    0.03                      0.375                                              7.9          BRONX                                             NY                                 10472
         1278                    0.03                       0.75                                            10.25          ROCKWALL                                          TX                                 75032
         1279                    0.03                      0.375                                             6.19          CAMPBELL                                          CA                                 95008
         1280                    0.03                      0.375                                              7.5          WEST COVINA                                       CA                                 91790
         1281                    0.03                      0.375                                            7.875          FONTANA AREA                                      CA                                 92335
         1282                    0.03                       0.75                                           11.875          POINT ARENA                                       CA                                 95468
         1283                    0.03                      0.375                                               11          HARVEY                                            IL                                 60426
         1284                    0.03                      0.375                                                7          PALM SPRINGS                                      CA                                 92262
         1285                    0.03                      0.375                                              7.5          ADELANTO                                          CA                                 92301
         1286                    0.03                       0.75                                            11.25          ESCONDIDO                                         CA                                 92027
         1287                    0.03                      0.375                                            7.625          LORTON                                            VA                                 22079
         1288                    0.03                       0.25                                              6.2          LOMA LINDA                                        CA                                 92354
         1289                    0.03                      0.375                                             5.75          PENSACOLA                                         FL                                 32507
         1290                    0.03                      0.375                                             7.25          DUMFRIES                                          VA                                 22026
         1291                    0.03                      0.375                                            8.125          NEWPORT                                           KY                                 41071
         1292                    0.03                      0.375                                            6.375          WINTER PARK                                       FL                                 32792
         1293                    0.03                       0.25                                              8.6          SAN ANGELO                                        TX                                 76903
         1294                    0.03                      0.375                                              7.4          HIALEAH                                           FL                                 33014
         1295                    0.03                      0.375                                             8.25          SALINAS                                           CA                                 93907
         1296                    0.03                      0.375                                              6.5          CORONA                                            CA                                 92879
         1297                    0.03                      0.375                                            6.375          EL CAJON                                          CA                                 92021
         1298                    0.03                      0.375                                             8.75          ROANOKE                                           VA                                 24013
         1299                    0.03                      0.375                                              7.5          WOODBRIDGE                                        VA                                 22193
         1300                    0.03                       0.25                                            7.475          INGLEWOOD                                         CA                                 90301
         1301                    0.03                      0.375                                             7.75          CHESTERFIELD                                      VA                                 23832
         1302                    0.03                       0.25                                             7.25          HOUSTON                                           TX                                 77055
         1303                    0.03                      0.375                                            6.875          WOODBRIDGE                                        VA                                 22191
         1304                    0.03                       0.75                                            11.75          CERRITOS                                          CA                                 90703
         1305                    0.03                      0.375                                             6.54          SPANAWAY                                          WA                                 98387
         1306                    0.03                      0.375                                            7.875          TAMPA                                             FL                                 33614
         1307                    0.03                      0.375                                              5.6          LAS VEGAS                                         NV                                 89146
         1308                    0.03                       0.75                                             9.75          ONALASKA                                          WA                                 98570
         1309                    0.03                      0.375                                             6.75          COACHELLA                                         CA                                 92236
         1310                    0.03                      0.375                                              7.5          POMPANO BEACH                                     FL                                 33064
         1311                    0.03                      0.375                                             8.25          SANTA ANA                                         CA                                 92703
         1312                    0.03                       0.25                                            6.375          ST. PAUL                                          MN                                 55106
         1313                    0.03                      0.375                                             7.75          MANASSAS                                          VA                                 20109
         1314                    0.03                       0.25                                             6.85          SACRAMENTO                                        CA                                 95814
         1315                    0.03                      0.375                                            7.875          GLEN BURNIE                                       MD                                 21061
         1316                    0.03                      0.375                                             6.55          ONTARIO                                           CA                                 91762
         1317                    0.03                      0.375                                            6.625          BREA                                              CA                                 92823
         1318                    0.03                       0.25                                            7.525          OAKLAND                                           CA                                 94601
         1319                    0.03                      0.375                                                7          CENTREVILLE                                       VA                                 20121
         1320                    0.03                      0.375                                            6.265          MIRAMAR                                           FL                                 33023
         1321                    0.03                      0.375                                             6.95          PAWTUCKET                                         RI                                  2860
         1322                    0.03                       0.25                                            7.175          EDMOND                                            OK                                 73013
         1323                    0.03                      0.375                                              7.5          FAIRFAX                                           VA                                 22033
         1324                    0.03                       0.25                                            7.525          LOS ANGELES                                       CA                                 90003
         1325                    0.03                      0.375                                            6.875          ODENTON                                           MD                                 21113
         1326                    0.03                       0.25                                            6.775          PUEBLO WEST                                       CO                                 81007
         1327                    0.03                      0.375                                            7.625          TARPON SPRINGS                                    FL                                 34689
         1328                    0.03                      0.375                                             7.25          CHICAGO                                           IL                                 60632
         1329                    0.03                       0.75                                           11.875          CHICAGO                                           IL                                 60609
         1330                    0.03                       0.25                                            6.825          VISALIA                                           CA                                 93277
         1331                    0.03                       0.25                                            6.825          LONG BEACH                                        CA                                 90814
         1332                    0.03                      0.375                                            8.413          FORT MYERS                                        FL                                 33913
         1333                    0.03                       0.75                                               12          MODESTO                                           CA                                 95350
         1334                    0.03                      0.375                                             9.25          BUIES CREEK                                       NC                                 27506
         1335                    0.03                      0.375                                            8.375          AMHERST                                           VA                                 24521
         1336                    0.03                      0.375                                             6.75          RENTON                                            WA                                 98059
         1337                    0.03                      0.375                                            7.275          PORT SAINT LUCIE                                  FL                                 34983
         1338                    0.03                      0.375                                             7.39          SAN DIEGO                                         CA                                 92107
         1339                    0.03                      0.375                                             5.99          FOSTER CITY                                       CA                                 94404
         1340                    0.03                       0.25                                            7.025          SPRINGFIELD                                       FL                                 32401
         1341                    0.03                       0.25                                            7.025          SPRINGFIELD                                       FL                                 32401
         1342                    0.03                       0.75                                           13.875          CORAL SPRINGS                                     FL                                 33067
         1343                    0.03                      0.375                                            6.625          PORTLAND                                          OR                                 97220
         1344                    0.03                       0.75                                            9.625          MIAMI                                             FL                                 33196
         1345                    0.03                      0.375                                             6.35          ORLANDO                                           FL                                 32839
         1346                    0.03                      0.375                                             8.25          NORTH WILDWOOD                                    NJ                                  8260
         1347                    0.03                      0.375                                             6.75          STOCKTON                                          CA                                 95209
         1348                    0.03                      0.375                                             6.85          SAN BERNARDINO                                    CA                                 92404
         1349                    0.03                      0.375                                             6.75          CORONA                                            CA                                 92883
         1350                    0.03                      0.375                                            6.875          PHELAN                                            CA                                 92371
         1351                    0.03                       0.75                                               11          TOMS RIVER                                        NJ                                  8757
         1352                    0.03                      0.375                                                7          ANAHEIM                                           CA                                 92802
         1353                    0.03                      0.375                                            7.625          SPRINGFIELD                                       VA                                 22150
         1354                    0.03                       0.75                                                8          SEDONA                                            AZ                                 86336
         1355                    0.03                      0.375                                             8.15          ANAHEIM                                           CA                                 92808
         1356                    0.03                       0.25                                            6.725          SAN BERNARDINO                                    CA                                 92404
         1357                    0.03                      0.375                                            6.875          LOS ANGELES                                       CA                                 90047
         1358                    0.03                      0.375                                            6.875          RIVERSIDE                                         CA                                 92503
         1359                    0.03                      0.375                                             7.99          VALLEJO                                           CA                                 94591
         1360                    0.03                       0.75                                             10.5          CHICAGO                                           IL                                 60620
         1361                    0.03                      0.375                                              7.5          ALEXANDRIA                                        VA                                 22310
         1362                    0.03                      0.375                                              7.4          PEORIA                                            AZ                                 85345
         1363                    0.03                       0.75                                            11.25          LOS ANGELES                                       CA                                 90061
         1364                    0.03                      0.375                                            7.375          HARRISONBURG                                      VA                                 22801
         1365                    0.03                      0.375                                              7.5          ALEXANDRIA                                        VA                                 22306
         1366                    0.03                      0.375                                             6.99          LOS ANGELES                                       CA                                 90047
         1367                    0.03                       0.25                                            7.025          LOGANSPORT                                        IN                                 46947
         1368                    0.03                      0.375                                             7.85          BANNING                                           CA                                 92220
         1369                    0.03                       0.75                                            8.875          MIAMI                                             FL                                 33161
         1370                    0.03                      0.375                                             7.25          OXON HILL                                         MD                                 20745
         1371                    0.03                      0.375                                             7.45          LADERA RANCH                                      CA                                 92694
         1372                    0.03                      0.375                                            7.375          LAS VEGAS                                         NV                                 89131
         1373                    0.03                       0.25                                            7.025          LOGANSPORT                                        IN                                 46947
         1374                    0.03                      0.375                                             7.25          POMONA                                            CA                                 91766
         1375                    0.03                      0.375                                              7.5          LOS ANGELES (SYLMAR AREA)                         CA                                 91342
         1376                    0.03                      0.375                                            8.375          CORONA                                            CA                                 92882
         1377                    0.03                      0.375                                             7.25          LOS ANGELES                                       CA                                 90011
         1378                    0.03                      0.375                                              7.5          LANCASTER                                         CA                                 93536
         1379                    0.03                       0.25                                            8.175          CHICAGO                                           IL                                 60644
         1380                    0.03                      0.375                                             7.35          RIVERSIDE                                         CA                                 92509
         1381                    0.03                       0.75                                            10.25          FAIRFIELD                                         CA                                 94533
         1382                    0.03                      0.375                                             6.75          COLONIAL HEIGHTS                                  VA                                 23834
         1383                    0.03                      0.375                                                7          HESPERIA                                          CA                                 92345
         1384                    0.03                      0.375                                            6.625          (NORTHRIDGE AREA) LOS ANG                         CA                                 91326
         1385                    0.03                      0.375                                              7.5          FAIRFAX                                           VA                                 22030
         1386                    0.03                      0.375                                            8.875          BEAUMONT                                          CA                                 92223
         1387                    0.03                       0.25                                            8.025          SAN ANGELO                                        TX                                 76901
         1388                    0.03                      0.375                                             7.25          PALMDALE                                          CA                                 93552
         1389                    0.03                      0.375                                             6.89          MANASSAS                                          VA                                 20109
         1390                    0.03                      0.375                                            6.942          WEST PALM BEACH                                   FL                                 33407
         1391                    0.03                      0.375                                              7.5          CENTRAL NYACK                                     NY                                 10960
         1392                    0.03                      0.375                                            7.375          RIVERSIDE                                         CA                                 92504
         1393                    0.03                      0.375                                             7.95          ANAHEIM                                           CA                                 92804
         1394                    0.03                       0.25                                            7.975          BUFFALO                                           NY                                 14213
         1395                    0.03                      0.375                                              7.5          BLOOMINGTON                                       CA                                 92316
         1396                    0.03                      0.375                                            6.375          FONTANA                                           CA                                 92337
         1397                    0.03                       0.75                                            11.25          MIAMI                                             FL                                 33175
         1398                    0.03                      0.375                                            6.875          ALEXANDRIA                                        VA                                 22312
         1399                    0.03                      0.375                                              7.9          GARDENA                                           CA                                 90247
         1400                    0.03                      0.375                                              6.5          LA PUENTE                                         CA                                 91744
         1401                    0.03                      0.375                                            6.375          RIVERSIDE                                         CA                                 92504
         1402                    0.03                      0.375                                                7          ROHNERT PARK                                      CA                                 94928
         1403                    0.03                      0.375                                             7.25          PICO RIVERA                                       CA                                 90660
         1404                    0.03                      0.375                                             6.75          CHULA VISTA                                       CA                                 91911
         1405                    0.03                       0.75                                               10          HEMET                                             CA                                 92545
         1406                    0.03                      0.375                                            6.375          AUBURN                                            GA                                 30011
         1407                    0.03                      0.375                                            6.125          CITRUS HEIGHTS                                    CA                                 95621
         1408                    0.03                      0.375                                              7.5          MONTCLAIR                                         CA                                 91763
         1409                    0.03                      0.375                                            7.375          LOCUST GROVE                                      VA                                 22508
         1410                    0.03                       0.75                                           11.875          WANTAGE TWP                                       NJ                                  7461
         1411                    0.03                       0.25                                            6.375          NEW HAVEN                                         CT                                  6513
         1412                    0.03                      0.375                                              7.1          SACRAMENTO                                        CA                                 95814
         1413                    0.03                      0.375                                            8.975          BLOOMINGTON                                       CA                                 92316
         1414                    0.03                       0.25                                              6.8          BREMERTON                                         WA                                 98312
         1415                    0.03                       0.25                                             7.65          TULARE                                            CA                                 93274
         1416                    0.03                      0.375                                            7.375          HAYWARD                                           CA                                 94545
         1417                    0.03                      0.375                                             6.79          ABINGTON                                          MA                                  2351
         1418                    0.03                      0.375                                            6.875          MANASSAS                                          VA                                 20110
         1419                    0.03                      0.375                                             6.25          FONTANA                                           CA                                 92336
         1420                    0.03                      0.375                                            5.775          LAS VEGAS                                         NV                                 89156
         1421                    0.03                      0.375                                                7          FREDERICKSBURG                                    VA                                 22408
         1422                    0.03                       0.25                                              6.2          POMONA                                            CA                                 91766
         1423                    0.03                       0.25                                              6.2          LOS ANGELES (NORTH HILLS)                         CA                                 91343
         1424                    0.03                      0.375                                              7.5          YORKTOWN                                          VA                                 23693
         1425                    0.03                      0.375                                              6.5          SAN JOSE                                          CA                                 95148
         1426                    0.03                      0.375                                            6.875          OLIVEHURST                                        CA                                 95961
         1427                    0.03                      0.375                                              6.5          SAN DIEGO                                         CA                                 92114
         1428                    0.03                       0.25                                              6.2          LOS ANGELES (NORTH HILLS)                         CA                                 91343
         1429                    0.03                      0.375                                            7.125          RED BLUFF                                         CA                                 96080
         1430                    0.03                       0.75                                           10.875          MURRIETA                                          CA                                 92563
         1431                    0.03                      0.375                                            8.625          COLUMBUS                                          OH                                 43224
         1432                    0.03                      0.375                                             6.75          LOS ANGELES                                       CA                                 90063
         1433                    0.03                       0.75                                           10.625          PRESCOTT VALLEY                                   AZ                                 86314
         1434                    0.03                      0.375                                            7.375          WOODBRIDGE                                        VA                                 22193
         1435                    0.03                       0.25                                              6.2          EL MONTE                                          CA                                 91733
         1436                    0.03                      0.375                                            7.125          FIFE                                              WA                                 98424
         1437                    0.03                      0.375                                                8          RANCHO CORDOVA                                    CA                                 95670
         1438                    0.03                      0.375                                             6.25          ANAHEIM                                           CA                                 92804
         1439                    0.03                      0.375                                                6          CASTAIC                                           CA                                 91384
         1440                    0.03                      0.375                                             7.82          SUNRISE                                           FL                                 33351
         1441                    0.03                      0.375                                             6.75          GAINSVILLE                                        VA                                 20155
         1442                    0.03                      0.375                                             6.65          HOLLISTER                                         CA                                 95023
         1443                    0.03                      0.375                                            7.625          CLINTON                                           MD                                 20735
         1444                    0.03                       0.25                                              6.2          EL MONTE                                          CA                                 91733
         1445                    0.03                       0.75                                            10.75          OAKLAND                                           CA                                 94601
         1446                    0.03                      0.375                                            7.625          GREENWOOD                                         MO                                 64034
         1447                    0.03                       0.25                                              6.2          POMONA                                            CA                                 91767
         1448                    0.03                      0.375                                            9.125          CHARLOTTE                                         NC                                 28214
         1449                    0.03                      0.375                                            8.375          HOUSTON                                           TX                                 77021
         1450                    0.03                       0.25                                              6.2          EL MONTE                                          CA                                 91732
         1451                    0.03                      0.375                                            7.625          TRIANGLE                                          VA                                 22172
         1452                    0.03                      0.375                                            8.875          MERCED                                            CA                                 95348
         1453                    0.03                      0.375                                              6.5          HIGHLANDS RANCH                                   CO                                 80126
         1454                    0.03                      0.375                                            7.125          FIFE                                              WA                                 98424
         1455                    0.03                       0.25                                              6.2          POMONA                                            CA                                 91767
         1456                    0.03                      0.375                                                8          FARMVILLE                                         VA                                 23901
         1457                    0.03                      0.375                                            6.875          LAVEEN                                            AZ                                 85339
         1458                    0.03                       0.25                                              6.2          HEMET                                             CA                                 92543
         1459                    0.03                      0.375                                                8          WINCHESTER                                        VA                                 22602
         1460                    0.03                      0.375                                             6.69          PHILADELPHIA                                      PA                                 19131
         1461                    0.03                       0.75                                             11.5          MASSAPEQUA                                        NY                                 11758
         1462                    0.03                      0.375                                             6.75          BOTHELL                                           WA                                 98012
         1463                    0.03                      0.375                                              7.7          CANYON LAKE                                       CA                                 92587
         1464                    0.03                      0.375                                              6.5          SAN JOSE                                          CA                                 95131
         1465                    0.03                      0.375                                            7.625          LAWRENCEVILLE                                     GA                                 30045
         1466                    0.03                       0.75                                               14          LAVEEN                                            AZ                                 85339
         1467                    0.03                       0.25                                              6.2          BANNING                                           CA                                 92220
         1468                    0.03                      0.375                                              7.5          LEHIGH ACRES                                      FL                                 33971
         1469                    0.03                      0.375                                            7.125          HEMET                                             CA                                 92545
         1470                    0.03                       0.75                                            9.875          UPLAND                                            CA                                 91784
         1471                    0.03                      0.375                                             5.25          LOS ANGELES                                       CA                                 90045
         1472                    0.03                      0.375                                                7          LOS ANGELES                                       CA                                 90041
         1473                    0.03                      0.375                                            7.625          NORTH HOLLYWOOD                                   CA                                 91601
         1474                    0.03                      0.375                                             5.99          FOUNTAIN VALLEY                                   CA                                 92708
         1475                    0.03                       0.75                                             8.75          BLACKSBURG                                        VA                                 24060
         1476                    0.03                      0.375                                            6.875          LONG BEACH                                        CA                                 90746
         1477                    0.03                      0.375                                            6.875          WESTMINSTER                                       CA                                 92683
         1478                    0.03                      0.375                                                6          FAIRFAX                                           VA                                 20121
         1479                    0.03                      0.375                                            7.125          BURBANK                                           CA                                 91504
         1480                    0.03                      0.375                                            6.375          WEST SACRAMENTO                                   CA                                 95691
         1481                    0.03                      0.375                                             7.15          LOS ANGELES                                       CA                                 90022
         1482                    0.03                      0.375                                              7.5          NAPLES                                            FL                                 34103
         1483                    0.03                      0.375                                              7.5          LA MESA                                           CA                                 91941
         1484                    0.03                       0.75                                            9.125          RIALTO                                            CA                                 92376
         1485                    0.03                      0.375                                            9.125          KIRKLAND                                          WA                                 98033
         1486                    0.03                      0.375                                              6.5          FALLS CHURCH                                      VA                                 22042
         1487                    0.03                       0.75                                            11.75          LUXEMBURG                                         WI                                 54217
         1488                    0.03                       0.75                                            10.75          HEMET                                             CA                                 92545
         1489                    0.03                      0.375                                             6.99          WASHINGTON                                        MI                                 48094
         1490                    0.03                      0.375                                              7.5          POMPANO BEACH                                     FL                                 33069
         1491                    0.03                       0.25                                              6.2          SAN BERNARDINO                                    CA                                 92410
         1492                    0.03                      0.375                                              7.5          STERLING                                          VA                                 20164
         1493                    0.03                      0.375                                             7.75          MISSION VIEJO                                     CA                                 92691
         1494                    0.03                      0.375                                              6.5          EWA BEACH                                         HI                                 96706
         1495                    0.03                      0.375                                                7          WASHINGTON                                        DC                                 20002
         1496                    0.03                      0.375                                              6.5          LANCASTER                                         CA                                 93536
         1497                    0.03                      0.375                                             8.85          SAN BERNARDINO                                    CA                                 92407
         1498                    0.03                       0.25                                            6.775          ST. GEORGE                                        UT                                 84770
         1499                    0.03                      0.375                                             8.05          PALMDALE                                          CA                                 93552
         1500                    0.03                      0.375                                              6.5          MENIFEE                                           CA                                 92584
         1501                    0.03                      0.375                                             7.25          WINDHAM                                           ME                                  4062
         1502                    0.03                       0.25                                            6.375          OAKLAND                                           CA                                 94605
         1503                    0.03                      0.375                                            8.375          WINCHESTER                                        CA                                 92596
         1504                    0.03                      0.375                                            7.875          HANOVER TOWNSHIP                                  PA                                 18706
         1505                    0.03                      0.375                                              7.5          PALMDALE                                          CA                                 93550
         1506                    0.03                      0.375                                             8.75          SUNRISE                                           FL                                 33351
         1507                    0.03                      0.375                                            7.875          WEST HAZLETON                                     PA                                 18202
         1508                    0.03                      0.375                                             7.45          WINNETKA                                          CA                                 91306
         1509                    0.03                      0.375                                              7.5          LONG BEACH                                        CA                                 90804
         1510                    0.03                       0.25                                            8.225          FAYETTEVILLE                                      NC                                 28306
         1511                    0.03                       0.25                                             8.35          SHREVEPORT                                        LA                                 71106
         1512                    0.03                      0.375                                              7.9          LANCASTER                                         CA                                 93535
         1513                    0.03                      0.375                                             7.95          SANTA ANA                                         CA                                 92706
         1514                    0.03                       0.25                                            7.475          BEAVERTON                                         OR                                 97005
         1515                    0.03                      0.375                                            7.625          BOYNTON BEACH                                     FL                                 33435
         1516                    0.03                      0.375                                             8.15          SAN JUAN CAPISTRANO                               CA                                 92675
         1517                    0.03                       0.25                                            6.975          PHOENIX                                           AZ                                 85018
         1518                    0.03                      0.375                                            8.375          SACRAMENTO                                        CA                                 95822
         1519                    0.03                       0.25                                              7.6          MC ALLEN                                          TX                                 78504
         1520                    0.03                      0.375                                             8.25          LAGUNA NIGUEL                                     CA                                 92677
         1521                    0.03                      0.375                                             6.75          PENSACOLA                                         FL                                 32507
         1522                    0.03                       0.25                                            7.175          BURBANK                                           CA                                 91505
         1523                    0.03                      0.375                                             7.25          NORWALK                                           CA                                 90650
         1524                    0.03                      0.375                                                7          DELRAY BEACH                                      FL                                 33444
         1525                    0.03                       0.25                                            7.725          COLORADO SPRINGS                                  CO                                 80906
         1526                    0.03                      0.375                                              7.8          GARDEN GROVE                                      CA                                 92843
         1527                    0.03                      0.375                                              7.5          PHOENIX                                           AZ                                 85043
         1528                    0.03                      0.375                                             7.25          STAMFORD                                          CT                                  6905
         1529                    0.03                      0.375                                             6.75          WHITTIER                                          CA                                 90605
         1530                    0.03                      0.375                                             6.75          GREENWICH                                         CT                                  6830
         1531                    0.03                      0.375                                            7.875          CENTREVILLE                                       VA                                 20120
         1532                    0.03                      0.375                                            7.375          MILFORD                                           CT                                  6460
         1533                    0.03                      0.375                                            6.625          LONG BEACH                                        CA                                 90807
         1534                    0.03                      0.375                                             8.14          FORT MYERS                                        FL                                 33907
         1535                    0.03                      0.375                                              7.3          COACHELLA                                         CA                                 92236
         1536                    0.03                      0.375                                              6.5          REDONDO BEACH                                     CA                                 90278
         1537                    0.03                       0.25                                              6.9          LAS VEGAS                                         NV                                 89108
         1538                    0.03                      0.375                                            6.875          RIALTO                                            CA                                 92376
         1539                    0.03                      0.375                                             6.99          OLYMPIA                                           WA                                 98513
         1540                    0.03                       0.25                                             6.25          LAFAYETTE                                         IN                                 47905
         1541                    0.03                       0.25                                             6.25          LAFAYETTE                                         IN                                 47905
         1542                    0.03                      0.375                                            7.875          INGLEWOOD                                         CA                                 90305
         1543                    0.03                      0.375                                            5.875          CARSON                                            CA                                 90746
         1544                    0.03                       0.25                                              6.6          LONG BEACH                                        CA                                 90806
         1545                    0.03                      0.375                                            7.375          EULESS                                            TX                                 76039
         1546                    0.03                      0.375                                            8.125          HOUSTON                                           TX                                 77040
         1547                    0.03                       0.25                                            8.075          CINCINNATI                                        OH                                 45204
         1548                    0.03                      0.375                                             8.25          PERRIS                                            CA                                 92570
         1549                    0.03                       0.25                                            6.575          NEW PORT RICHEY                                   FL                                 34653
         1550                    0.03                      0.375                                            7.375          SACRAMENTO                                        CA                                 95829
         1551                    0.03                      0.375                                            6.625          GLENDORA                                          CA                                 91741
         1552                    0.03                      0.375                                            7.425          HUNTINGTON                                        NY                                 11743
         1553                    0.03                      0.375                                            7.275          FORT WASHINGTON                                   MD                                 20744
         1554                    0.03                      0.375                                            6.875          PENSACOLA                                         FL                                 32507
         1555                    0.03                      0.375                                            7.375          STOCKBRIDGE                                       GA                                 30281
         1556                    0.03                      0.375                                            8.625          WAKEFIELD                                         RI                                  2879
         1557                    0.03                      0.375                                             6.25          SANTA CLARITA                                     CA                                 91355
         1558                    0.03                      0.375                                            7.875          TEMECULA                                          CA                                 92592
         1559                    0.03                      0.375                                             8.15          TEMECULA                                          CA                                 92592
         1560                    0.03                       0.25                                             8.35          WASHINGTON                                        DC                                 20020
         1561                    0.03                      0.375                                              8.3          LOS ANGELES                                       CA                                 90037
         1562                    0.03                      0.375                                             6.25          CENTREVILLE                                       VA                                 20120
         1563                    0.03                      0.375                                             7.75          KAMAS                                             UT                                 84036
         1564                    0.03                       0.25                                             6.45          FORT WAYNE                                        IN                                 46802
         1565                    0.03                      0.375                                              6.5          COSTA MESA                                        CA                                 92627
         1566                    0.03                      0.375                                            7.125          SIMI VALLEY                                       CA                                 93063
         1567                    0.03                      0.375                                            9.125          RIVERBANK                                         CA                                 95367
         1568                    0.03                      0.375                                            6.875          LONG BEACH                                        CA                                 90804
         1569                    0.03                       0.25                                                8          BRONX                                             NY                                 10453
         1570                    0.03                      0.375                                             6.75          RNCHO SANTA MARGARITA                             CA                                 92688
         1571                    0.03                      0.375                                              7.5          MIAMI                                             FL                                 33015
         1572                    0.03                       0.25                                            7.875          SAN BERNARDINO                                    CA                                 92408
         1573                    0.03                      0.375                                            7.125          LAKE ARROWHEAD                                    CA                                 92352
         1574                    0.03                      0.375                                            6.875          PANAMA CITY BEACH                                 FL                                 32408
         1575                    0.03                       0.25                                            7.175          FRAMINGHAM                                        MA                                  1701
         1576                    0.03                      0.375                                             7.25          FONTANA                                           CA                                 92337
         1577                    0.03                       0.25                                             6.75          SAN ANTONIO                                       TX                                 78209
         1578                    0.03                      0.375                                            7.875          DALY CITY                                         CA                                 94015
         1579                    0.03                      0.375                                              6.5          FALL  RIVER                                       MA                                  2721
         1580                    0.03                      0.375                                              6.5          BEALETON                                          VA                                 22712
         1581                    0.03                      0.375                                              8.2          ROSWELL                                           GA                                 30075
         1582                    0.03                       0.25                                             6.85          LAS VEGAS                                         NV                                 89101
         1583                    0.03                      0.375                                             6.75          HAYWARD                                           CA                                 94544
         1584                    0.03                      0.375                                            6.375          GARDEN GROVE                                      CA                                 92843
         1585                    0.03                       0.25                                             6.75          SAN ANTONIO                                       TX                                 78209
         1586                    0.03                      0.375                                            6.375          PICO RIVERA                                       CA                                 90660
         1587                    0.03                       0.25                                             6.75          SAN ANTONIO                                       TX                                 78209
         1588                    0.03                      0.375                                             8.45          PURCELL                                           OK                                 73080
         1589                    0.03                       0.25                                             7.55          ANAHEIM                                           CA                                 92802
         1590                    0.03                      0.375                                            7.675          COVINA                                            CA                                 91723
         1591                    0.03                       0.25                                            6.125          HEBRON                                            OH                                 43025
         1592                    0.03                      0.375                                                7          DETROIT                                           MI                                 48228
         1593                    0.03                       0.25                                            6.675          CLEVELAND                                         OH                                 44135
         1594                    0.03                      0.375                                            7.375          VAN NUYS                                          CA                                 91405
         1595                    0.03                       0.25                                            6.925          OAKLAND                                           CA                                 94602
         1596                    0.03                       0.25                                              7.5          SAN DIEGO                                         CA                                 92105
         1597                    0.03                      0.375                                            7.875          WAIANAE                                           HI                                 96792
         1598                    0.03                       0.25                                             7.15          MANCHESTER                                        NH                                  3102
         1599                    0.03                      0.375                                           11.875          MIAMI                                             FL                                 33138
         1600                    0.03                      0.375                                              7.5          ESCONDIDO                                         CA                                 92027
         1601                    0.03                       0.25                                             7.15          MANCHESTER                                        NH                                  3102
         1602                    0.03                       0.25                                            6.425          LAKEWOOD                                          CO                                 80214
         1603                    0.03                      0.375                                             7.25          CHINO                                             CA                                 91710
         1604                    0.03                       0.25                                            6.625          SAN DIEGO                                         CA                                 92102
         1605                    0.03                      0.375                                            6.875          LOS ANGELES                                       CA                                 90011
         1606                    0.03                       0.25                                            6.825          ALBANY                                            MN                                 56307
         1607                    0.03                      0.375                                            6.375          FONTANA                                           CA                                 92337
         1608                    0.03                       0.25                                            7.375          VISTA                                             CA                                 92084
         1609                    0.03                      0.375                                             6.25          COTO DE CAZA                                      CA                                 92679
         1610                    0.03                      0.375                                            6.375          WILDOMAR                                          CA                                 92595
         1611                    0.03                       0.25                                              6.8          LITTLE ROCK                                       AR                                 72209
         1612                    0.03                      0.375                                            6.125          PLACENTIA                                         CA                                 92870
         1613                    0.03                       0.25                                            6.375          OZARK                                             MO                                 65721
         1614                    0.03                      0.375                                              6.5          SAN JACINTO                                       CA                                 92582
         1615                    0.03                      0.375                                             7.15          RIALTO                                            CA                                 92376
         1616                    0.03                      0.375                                            6.875          TURNERSVILLE                                      NJ                                  8012
         1617                    0.03                      0.375                                            7.475          ESCONDIDO                                         CA                                 92027
         1618                    0.03                      0.375                                            7.125          LANCASTER                                         CA                                 93536
         1619                    0.03                      0.375                                            7.125          SANTA CRUZ                                        CA                                 95062
         1620                    0.03                      0.375                                            8.375          FAIRFIELD                                         CA                                 94534
         1621                    0.03                      0.375                                             7.75          SCOTTSDALE                                        AZ                                 85259
         1622                    0.03                      0.375                                             7.65          BAKERSFIELD                                       CA                                 93304
         1623                    0.03                      0.375                                            7.875          SACRAMENTO                                        CA                                 95829
         1624                    0.03                      0.375                                             7.25          LA MIRADA AREA                                    CA                                 90638
         1625                    0.03                      0.375                                            7.625          GAINESVILLE                                       VA                                 20155
         1626                    0.03                      0.375                                             7.25          DESERT HOT SPRINGS                                CA                                 92240
         1627                    0.03                      0.375                                            6.875          RANCHO CUCAMONGA                                  CA                                 91730
         1628                    0.03                      0.375                                              6.7          SAN JOSE                                          CA                                 95111
         1629                    0.03                       0.25                                              6.8          PASADENA                                          TX                                 77506
         1630                    0.03                      0.375                                             8.65          NORCROSS                                          GA                                 30071
         1631                    0.03                       0.25                                            6.875          PHOENIX                                           AZ                                 85009
         1632                    0.03                      0.375                                              7.6          ANNAPOLIS                                         MD                                 21401
         1633                    0.03                       0.25                                            6.675          FULLERTON                                         CA                                 92831
         1634                    0.03                      0.375                                              8.5          HYATTSVILLE                                       MD                                 20785
         1635                    0.03                       0.25                                              6.5          EL MONTE                                          CA                                 91733
         1636                    0.03                       0.25                                              6.5          POMONA                                            CA                                 91767
         1637                    0.03                      0.375                                            8.325          HAMPTON                                           GA                                 30228
         1638                    0.03                      0.375                                              8.4          HOLLYWOOD                                         FL                                 33020
         1639                    0.03                      0.375                                             6.65          BALTIMORE                                         MD                                 21244
         1640                    0.03                      0.375                                             6.65          SAN BERNARDINO                                    CA                                 92411
         1641                    0.03                      0.375                                              6.9          SPRINGFIELD                                       VA                                 22152
         1642                    0.03                      0.375                                             7.65          HANOVER                                           MD                                 21076
         1643                    0.03                      0.375                                             6.65          PANORAMA CITY AREA LOS AN                         CA                                 91402
         1644                    0.03                      0.375                                              6.9          SOUTH GATE                                        CA                                 90280
         1645                    0.03                      0.375                                             8.35          HACIENDA HEIGHTS                                  CA                                 91745
         1646                    0.03                       0.25                                             6.25          PORTLAND                                          OR                                 97232
         1647                    0.03                      0.375                                            7.875          SANTA ANA                                         CA                                 92701
         1648                    0.03                      0.375                                             7.65          PORT HUENEME                                      CA                                 93041
         1649                    0.03                       0.25                                             6.65          CLOVIS                                            NM                                 88101
         1650                    0.03                      0.375                                            6.375          CHULA VISTA                                       CA                                 91914
         1651                    0.03                      0.375                                              6.5          SANTA FE SPRINGS                                  CA                                 90670
         1652                    0.03                      0.375                                             8.25          CORONA                                            CA                                 92880
         1653                    0.03                      0.375                                            6.875          PALM DESERT                                       CA                                 92211
         1654                    0.03                      0.375                                             7.59          SYLMAR                                            CA                                 91342
         1655                    0.03                      0.375                                             8.55          FREDERICKSBURG                                    VA                                 22407
         1656                    0.03                      0.375                                              6.8          LAUDERHILL                                        FL                                 33319
         1657                    0.03                      0.375                                             8.55          ODENTON                                           MD                                 21113
         1658                    0.03                      0.375                                              7.6          HIALEAH                                           FL                                 33014
         1659                    0.03                      0.375                                             7.55          FORT WASHINGTON                                   MD                                 20744
         1660                    0.03                      0.375                                             7.95          CAMAS                                             WA                                 98607
         1661                    0.03                      0.375                                            7.375          WHITTIER                                          CA                                 90602
         1662                    0.03                      0.375                                             6.75          RIVERSIDE                                         CA                                 92509
         1663                    0.03                      0.375                                            7.375          INGLEWOOD                                         CA                                 90303
         1664                    0.03                      0.375                                             8.05          SAN JOSE                                          CA                                 95123
         1665                    0.03                      0.375                                             7.75          REDONDO BEACH                                     CA                                 90278
         1666                    0.03                      0.375                                              8.1          WASHINGTON                                        DC                                 20019
         1667                    0.03                      0.375                                             7.25          CARMEL VALLEY                                     CA                                 93924
         1668                    0.03                      0.375                                            6.875          UNION CITY                                        NJ                                  7087
         1669                    0.03                      0.375                                            7.125          UNION CITY                                        NJ                                  7087
         1670                    0.03                      0.375                                            7.375          WOODBRIDGE                                        VA                                 22193
         1671                    0.03                      0.375                                              6.7          WOODBRIDGE                                        VA                                 22193
         1672                    0.03                      0.375                                            5.625          ANTHEM                                            AZ                                 85086
         1673                    0.03                      0.375                                            6.375          SAN DIEGO                                         CA                                 92114
         1674                    0.03                      0.375                                             8.25          BAKERSFIELD                                       CA                                 93304
         1675                    0.03                       0.75                                           11.125          RALEIGH                                           NC                                 27616
         1676                    0.03                      0.375                                                7          DUARTE                                            CA                                 91010
         1677                    0.03                      0.375                                             7.75          CHULA VISTA                                       CA                                 91911
         1678                    0.03                      0.375                                              7.5          MENIFEE                                           CA                                 92584
         1679                    0.03                      0.375                                             7.65          LAKE ELSINORE                                     CA                                 92530
         1680                    0.03                      0.375                                              7.5          POMONA                                            CA                                 91767
         1681                    0.03                       0.25                                            7.725          SCARBOROUGH                                       ME                                  4074
         1682                    0.03                      0.375                                            8.875          LITTLE ROCK                                       AR                                 72211
         1683                    0.03                      0.375                                              6.5          WESTMORLAND                                       CA                                 92281
         1684                    0.03                      0.375                                            6.125          PALM SPRINGS                                      CA                                 92262
         1685                    0.03                      0.375                                            6.625          WESTON                                            FL                                 33327
         1686                    0.03                      0.375                                            6.875          PHOENIX                                           AZ                                 85043
         1687                    0.03                      0.375                                              7.6          HIGHLAND                                          CA                                 92346
         1688                    0.03                       0.75                                            10.75          MIRA LOMA AREA                                    CA                                 91752
         1689                    0.03                      0.375                                             6.99          PANORAMA CITY                                     CA                                 91402
         1690                    0.03                      0.375                                            7.375          RIDGECREST                                        CA                                 93555
         1691                    0.03                      0.375                                            7.125          LAS VEGAS                                         NV                                 89139
         1692                    0.03                      0.375                                                8          GULF SHORES                                       AL                                 36542
         1693                    0.03                      0.375                                             7.75          LAVEEN                                            AZ                                 85339
         1694                    0.03                      0.375                                              6.9          MURRIETA                                          CA                                 92563
         1695                    0.03                      0.375                                             7.55          ARLETA                                            CA                                 91331
         1696                    0.03                       0.25                                             6.65          TUSCON                                            AZ                                 85711
         1697                    0.03                      0.375                                            7.375          GLEN ALLEN                                        VA                                 23060
         1698                    0.03                      0.375                                            7.375          WAKEFIELD                                         NH                                  3830
         1699                    0.03                      0.375                                              7.5          LORTON                                            VA                                 22079
         1700                    0.03                      0.375                                            7.625          WORCHESTER                                        MA                                  1602
         1701                    0.03                      0.375                                            7.625          DALLAS                                            TX                                 75253
         1702                    0.03                      0.375                                            6.625          HACKENSACK                                        NJ                                  7601
         1703                    0.03                      0.375                                            7.875          ORLANDO                                           FL                                 32811
         1704                    0.03                      0.375                                            8.875          FLORIDA                                           FL                                 33145
         1705                    0.03                      0.375                                            6.375          GREENFIELD                                        CA                                 93927
         1706                    0.03                      0.375                                            5.875          RANCHO SANTA MARGARITA                            CA                                 92688
         1707                    0.03                      0.375                                            7.875          LAS VEGAS                                         NV                                 89128
         1708                    0.03                       0.75                                            13.25          LAS VEGAS                                         NV                                 89108
         1709                    0.03                      0.375                                            7.875          LAS VEGAS                                         NV                                 89128
         1710                    0.03                      0.375                                              7.5          SAN DIEGO                                         CA                                 92105
         1711                    0.03                      0.375                                              6.8          SANTA ANA                                         CA                                 92701
         1712                    0.03                      0.375                                            5.375          MISSION VIEJO                                     CA                                 92692
         1713                    0.03                      0.375                                            6.875          ESCONDIDO                                         CA                                 92026
         1714                    0.03                       0.75                                            11.99          MIAMI                                             FL                                 33125
         1715                    0.03                      0.375                                             6.75          ANAHEIM                                           CA                                 92805
         1716                    0.03                      0.375                                                7          CAPITOL HEIGHTS                                   MD                                 20743
         1717                    0.03                      0.375                                             7.95          LAS VEGAS                                         NV                                 89142
         1718                    0.03                       0.75                                            10.75          INDIANAPOLIS                                      IN                                 46226
         1719                    0.03                      0.375                                            6.875          FAIRFAX                                           VA                                 22032
         1720                    0.03                      0.375                                              7.5          PHOENIX                                           AZ                                 85043
         1721                    0.03                      0.375                                              7.5          WOODBRIDGE                                        VA                                 22191
         1722                    0.03                      0.375                                            6.875          COMPTON                                           CA                                 90220
         1723                    0.03                      0.375                                            7.125          RESTON                                            VA                                 20190
         1724                    0.03                      0.375                                             6.75          LAVEEN                                            AZ                                 85339
         1725                    0.03                       0.75                                             9.25          PICO RIVERA                                       CA                                 90660
         1726                    0.03                      0.375                                              7.5          GREENSBORO                                        GA                                 30642
         1727                    0.03                      0.375                                             8.15          PACOIMA                                           CA                                 91331
         1728                    0.03                       0.25                                             6.85          SMITHFIELD                                        NC                                 27577
         1729                    0.03                       0.75                                             9.75          LOS ANGELES                                       CA                                 90044
         1730                    0.03                      0.375                                             6.25          ORANGE                                            CA                                 92869
         1731                    0.03                      0.375                                            7.875          HENDERSON                                         NV                                 89074
         1732                    0.03                      0.375                                                8          DISTRICT HEIGHTS                                  MD                                 20747
         1733                    0.03                      0.375                                             8.25          WALDORF                                           MD                                 20601
         1734                    0.03                      0.375                                                9          BONITA SPRINGS                                    FL                                 34135
         1735                    0.03                      0.375                                             6.25          FREMONT                                           CA                                 94538
         1736                    0.03                      0.375                                              9.5          LOS ANGELES                                       CA                                 90001
         1737                    0.03                      0.375                                             7.75          VISALIA                                           CA                                 93292
         1738                    0.03                      0.375                                            7.375          MELROSE PARK                                      IL                                 60164
         1739                    0.03                       0.25                                              6.4          RIVERSIDE                                         CA                                 92509
         1740                    0.03                       0.25                                            6.925          PITTSFIELD                                        NH                                  3263
         1741                    0.03                      0.375                                             8.25          BALTIMORE                                         MD                                 21218
         1742                    0.03                       0.25                                            8.275          BROOKLYN                                          MI                                 49230
         1743                    0.03                      0.375                                              8.5          CHESAPEAKE                                        VA                                 23323
         1744                    0.03                       0.25                                            7.675          PHOENIX                                           AZ                                 85015
         1745                    0.03                      0.375                                            8.625          STERLING                                          VA                                 20164
         1746                    0.03                       0.25                                            6.625          BISHOP                                            CA                                 93514
         1747                    0.03                      0.375                                            6.875          PERRIS                                            CA                                 92571
         1748                    0.03                       0.25                                            7.175          GARDEN GROVE                                      CA                                 92844
         1749                    0.03                      0.375                                              7.5          SALT LAKE CITY                                    UT                                 84118
         1750                    0.03                      0.375                                            8.625          STEPHENS CITY                                     VA                                 22655
         1751                    0.03                       0.25                                            7.875          LOS ANGELES                                       CA                                 90033
         1752                    0.03                      0.375                                                8          DENVER                                            CO                                 80231
         1753                    0.03                      0.375                                             8.75          NORFOLK                                           VA                                 23505
         1754                    0.03                       0.25                                            6.525          TUCSON                                            AZ                                 85716
         1755                    0.03                      0.375                                            8.875          WOODBRIDGE                                        VA                                 22191
         1756                    0.03                      0.375                                            7.625          TAMPA                                             FL                                 33614
         1757                    0.03                       0.25                                            6.525          LOS ANGELES                                       CA                                 90035
         1758                    0.03                      0.375                                            8.125          BALTIMORE                                         MD                                 21206
         1759                    0.03                       0.25                                            6.925          PHARR                                             TX                                 78577
         1760                    0.03                      0.375                                            7.375          SCOTTSDALE                                        AZ                                 85257
         1761                    0.03                      0.375                                            8.125          STERLING                                          VA                                 20164
         1762                    0.03                      0.375                                              7.5          VALLEJO                                           CA                                 94591
         1763                    0.03                      0.375                                            6.875          NEWPORT BEACH                                     CA                                 92660
         1764                    0.03                      0.375                                              7.4          PERRIS                                            CA                                 92570
         1765                    0.03                      0.375                                              7.5          GLENDALE                                          AZ                                 85301
         1766                    0.03                      0.375                                              7.5          MARICOPA                                          AZ                                 85239
         1767                    0.03                       0.25                                            7.525          SAN DIEGO                                         CA                                 92105
         1768                    0.03                       0.25                                            6.675          PHOENIX                                           AZ                                 85008
         1769                    0.03                      0.375                                             7.25          RANCHO CUCAMONGA                                  CA                                 91739
         1770                    0.03                       0.25                                            7.175          GARDENA                                           CA                                 90247
         1771                    0.03                      0.375                                              7.3          BOWIE                                             MD                                 20721
         1772                    0.03                      0.375                                            6.875          NORTH HOLLYWOOD                                   CA                                 91601
         1773                    0.03                       0.25                                            6.275          LOS ANGELES                                       CA                                 90026
         1774                    0.03                      0.375                                              6.5          COACHELLA                                         CA                                 92236
         1775                    0.03                       0.25                                            7.775          GLENDALE                                          CA                                 91206
         1776                    0.03                      0.375                                            7.875          BROOKLYN CENTER                                   MN                                 55430
         1777                    0.03                      0.375                                             7.55          MURRIETA                                          CA                                 92563
         1778                    0.03                      0.375                                             7.25          ANGEL FIRE                                        NM                                 87710
         1779                    0.03                       0.25                                            6.175          LOS ANGELES (N. HOLLYWOOD                         CA                                 91601
         1780                    0.03                      0.375                                              8.5          DENVER                                            CO                                 80212
         1781                    0.03                      0.375                                            7.875          BROOKLYN PARK                                     MN                                 55443
         1782                    0.03                       0.25                                             7.15          SPRINGFIELD                                       FL                                 32404
         1783                    0.03                      0.375                                              7.5          SALEM                                             OR                                 97304
         1784                    0.03                      0.375                                              6.8          COACHELLA                                         CA                                 92236
         1785                    0.03                       0.25                                            6.625          SOUTH GATE                                        CA                                 90280
         1786                    0.03                      0.375                                              7.5          (BAKERSFIELD AREA)                                CA                                 93307
         1787                    0.03                      0.375                                            6.625          DIAMOND BAR                                       CA                                 91765
         1788                    0.03                      0.375                                            8.875          SEMINOLE                                          FL                                 33778
         1789                    0.03                       0.25                                              6.6          SANTA ANA                                         CA                                 92701
         1790                    0.03                       0.25                                            8.425          FEDERAL HEIGHTS                                   CO                                 80260
         1791                    0.03                      0.375                                             8.25          CATHEDRAL CITY                                    CA                                 92234
         1792                    0.03                      0.375                                            6.875          RENTON                                            WA                                 98059
         1793                    0.03                       0.25                                             6.25          PORTLAND                                          OR                                 97221
         1794                    0.03                      0.375                                                8          TUCSON                                            AZ                                 85730
         1795                    0.03                       0.25                                             5.75          GRANTS PASS                                       OR                                 97527
         1796                    0.03                      0.375                                            6.625          FONTANA                                           CA                                 92337
         1797                    0.03                      0.375                                            6.875          LAKE ELSINORE                                     CA                                 92530
         1798                    0.03                       0.25                                                6          STOCKTON                                          CA                                 95203
         1799                    0.03                       0.25                                             6.25          SAN DIEGO                                         CA                                 92104
         1800                    0.03                      0.375                                              6.5          WESTMINSTER                                       CA                                 92683
         1801                    0.03                       0.25                                              6.5          LOS ANGELES                                       CA                                 90052
         1802                    0.03                      0.375                                              8.6          FONTANA                                           CA                                 92335
         1803                    0.03                       0.25                                            6.775          WEST COVINA                                       CA                                 91791
         1804                    0.03                      0.375                                            6.875          LAKEWOOD                                          CO                                 80214
         1805                    0.03                      0.375                                             6.75          LAS VEGAS                                         NV                                 89108
         1806                    0.03                      0.375                                            7.875          MILLBRAE                                          CA                                 94030
         1807                    0.03                      0.375                                             6.75          RIVERSIDE                                         CA                                 92505
         1808                    0.03                      0.375                                              5.5          WEST COVINA                                       CA                                 91792
         1809                    0.03                      0.375                                             7.75          ALBANY                                            OR                                 97322
         1810                    0.03                       0.25                                            7.125          GEORGETOWN                                        KY                                 40324
         1811                    0.03                       0.25                                            6.375          LOS ANGELES                                       CA                                 90065
         1812                    0.03                      0.375                                            8.875          FRISCO                                            TX                                 75035
         1813                    0.03                      0.375                                            5.625          LOS ANGELES (NORTH HOLLYW                         CA                                 91605
         1814                    0.03                      0.375                                            7.375          TEMECULA                                          CA                                 92592
         1815                    0.03                      0.375                                            12.25          PENSACOLA                                         FL                                 32506
         1816                    0.03                      0.375                                             6.75          ESCONDIDO                                         CA                                 92025
         1817                    0.03                      0.375                                            6.875          APPLE VALLEY                                      CA                                 92308
         1818                    0.03                      0.375                                            6.625          LOS ANGELES                                       CA                                 90033
         1819                    0.03                      0.375                                                6          BURBANK                                           CA                                 91501
         1820                    0.03                      0.375                                                7          SUNNYVALE                                         CA                                 94085
         1821                    0.03                      0.375                                                6          CHULA VISTA                                       CA                                 91915
         1822                    0.03                      0.375                                                8          SAN BERNARDINO                                    CA                                 92404
         1823                    0.03                      0.375                                             7.99          PHOENIX                                           AZ                                 85019
         1824                    0.03                      0.375                                             7.15          RESEDA                                            CA                                 91335
         1825                    0.03                      0.375                                             7.85          FONTANA                                           CA                                 92336
         1826                    0.03                      0.375                                             7.15          NORTH LAS VEGAS                                   NV                                 89032
         1827                    0.03                      0.375                                             7.55          NORTH HILLS                                       CA                                 91343
         1828                    0.03                      0.375                                             8.25          WINCHESTER                                        CA                                 92596
         1829                    0.03                      0.375                                                8          LAS VEGAS                                         NV                                 89129
         1830                    0.03                       0.25                                             6.95          MT MORRIS                                         MI                                 48458
         1831                    0.03                      0.375                                              7.5          ATWATER                                           CA                                 95301
         1832                    0.03                      0.375                                            7.375          CORONA                                            CA                                 92883
         1833                    0.03                       0.25                                              8.3          LAS CRUCES                                        NM                                 88005
         1834                    0.03                      0.375                                            6.875          LAS VEGAS                                         NV                                 89130
         1835                    0.03                       0.25                                            6.725          PASADENA                                          CA                                 91104
         1836                    0.03                      0.375                                              6.5          GULF SHORES                                       AL                                 36542
         1837                    0.03                      0.375                                            7.375          SALEM                                             OR                                 97305
         1838                    0.03                      0.375                                            6.375          SAN JOSE                                          CA                                 95131
         1839                    0.03                       0.25                                             7.05          UNION CITY                                        NJ                                  7087
         1840                    0.03                      0.375                                              6.5          OAKLAND                                           CA                                 94608
         1841                    0.03                      0.375                                             7.25          LAS VEGAS                                         NV                                 89109
         1842                    0.03                       0.25                                            6.725          TUCSON                                            AZ                                 85705
         1843                    0.03                      0.375                                            6.375          OAKLAND                                           CA                                 94608
         1844                    0.03                      0.375                                            7.875          SACRAMENTO                                        CA                                 95829
         1845                    0.03                       0.25                                              8.7          LANSING                                           MI                                 48910
         1846                    0.03                      0.375                                             7.25          SANTA MARIA                                       CA                                 93458
         1847                    0.03                      0.375                                                8          MIAMI                                             FL                                 33015
         1848                    0.03                       0.25                                             7.35          FRANKLIN                                          OH                                 45005
         1849                    0.03                      0.375                                            7.875          NORTH LAS VEGAS                                   NV                                 89031
         1850                    0.03                      0.375                                             6.75          LAS VEGAS                                         NV                                 89108
         1851                    0.03                      0.375                                            7.375          SAN FRANCISCO                                     CA                                 94131
         1852                    0.03                      0.375                                              6.5          LYNNWOOD                                          WA                                 98036
         1853                    0.03                      0.375                                            7.125          NEW BRIGHTON                                      MN                                 55112
         1854                    0.03                      0.375                                             7.25          BLOOMINGTON                                       MN                                 55420
         1855                    0.03                       0.25                                            7.925          SAN DIEGO                                         CA                                 92104
         1856                    0.03                       0.25                                            6.625          MAYWOOD                                           CA                                 90270
         1857                    0.03                      0.375                                            6.125          COACHELLA                                         CA                                 92236
         1858                    0.03                       0.25                                             7.05          LONGVIEW                                          WA                                 98632
         1859                    0.03                       0.25                                            8.175          PROVIDENCE                                        RI                                  2904
         1860                    0.03                      0.375                                            5.875          SANTA ANA                                         CA                                 92704
         1861                    0.03                       0.25                                            8.425          MCALLEN                                           TX                                 78501
         1862                    0.03                      0.375                                              8.1          FULLERTON                                         CA                                 92833
         1863                    0.03                      0.375                                             7.65          MIAMI                                             FL                                 33138
         1864                    0.03                      0.375                                            6.875          OCEANSIDE                                         CA                                 92057
         1865                    0.03                      0.375                                             7.55          LAKEWOOD                                          WA                                 98498
         1866                    0.03                      0.375                                             7.75          MENIFEE                                           CA                                 92584
         1867                    0.03                      0.375                                             8.05          MORENO VALLEY                                     CA                                 92553
         1868                    0.03                      0.375                                             7.85          COMPTON                                           CA                                 90220
         1869                    0.03                      0.375                                             7.75          RIVERSIDE                                         CA                                 92509
         1870                    0.03                      0.375                                             7.75          SANTA ANA                                         CA                                 92703
         1871                    0.03                      0.375                                            6.975          FONTANA                                           CA                                 92337
         1872                    0.03                      0.375                                             6.85          MORENO VALLEY                                     CA                                 92557
         1873                    0.03                      0.375                                             6.95          MORENO VALLEY                                     CA                                 92557
         1874                    0.03                      0.375                                            7.625          JACKSONVILLE                                      FL                                 32246
         1875                    0.03                      0.375                                            6.625          SAN FRANCISCO                                     CA                                 94116
         1876                    0.03                      0.375                                            5.875          SANTA ANA                                         CA                                 92701
         1877                    0.03                      0.375                                            6.375          CLOVIS                                            CA                                 93619
         1878                    0.03                      0.375                                            6.625          SAN MATEO                                         CA                                 94402
         1879                    0.03                      0.375                                            6.625          SAN JOSE                                          CA                                 95110
         1880                    0.03                      0.375                                              9.5          SEYMOUR                                           TN                                 37865
         1881                    0.03                      0.375                                             7.25          SALINAS                                           CA                                 93908
         1882                    0.03                      0.375                                             6.25          SUNNY ISLES BEACH                                 FL                                 33160
         1883                    0.03                      0.375                                            6.875          NAPA                                              CA                                 94559
         1884                    0.03                      0.375                                            7.875          MEDFORD                                           OR                                 95125
         1885                    0.03                      0.375                                            7.125          ANAHEIM                                           CA                                 92804
         1886                    0.03                      0.375                                            6.375          GONZALES                                          CA                                 93926
         1887                    0.03                      0.375                                             8.75          RIVERSIDE  (AREA)                                 CA                                 92509
         1888                    0.03                      0.375                                             7.25          SACRAMENTO                                        CA                                 95823
         1889                    0.03                      0.375                                             7.25          PORT SAINT LUCIE                                  FL                                 34986
         1890                    0.03                      0.375                                            7.375          PORT SAINT LUCIE                                  FL                                 34986
         1891                    0.03                      0.375                                            7.625          INDIO                                             CA                                 92201
         1892                    0.03                      0.375                                            7.375          PALMDALE                                          CA                                 93552
         1893                    0.03                      0.375                                              6.5          SHORT HILLS                                       NJ                                  7078
         1894                    0.03                      0.375                                             7.75          MODESTO                                           CA                                 95354
         1895                    0.03                       0.25                                            8.625          FRANKLIN                                          OH                                 45005
         1896                    0.03                      0.375                                             9.25          HIALEAH                                           FL                                 33012
         1897                    0.03                       0.25                                            6.625          WARREN                                            MI                                 48093
         1898                    0.03                      0.375                                            6.625          CATHEDRAL CITY                                    CA                                 92234
         1899                    0.03                       0.25                                            6.625          WARREN                                            MI                                 48093
         1900                    0.03                      0.375                                             7.25          GULF SHORES                                       AL                                 36542
         1901                    0.03                       0.25                                                7          OAKLAND                                           CA                                 94605
         1902                    0.03                      0.375                                            6.375          TEMECULA                                          CA                                 92592
         1903                    0.03                      0.375                                            7.375          ORLANDO                                           FL                                 32825
         1904                    0.03                       0.25                                             6.75          RIVERSIDE                                         CA                                 92507
         1905                    0.03                      0.375                                             7.75          TUCSON                                            AZ                                 85746
         1906                    0.03                      0.375                                            7.375          HOLLISTER                                         CA                                 95023
         1907                    0.03                      0.375                                            6.875          SANDPOINT                                         ID                                 83864
         1908                    0.03                      0.375                                             6.25          SEATTLE                                           WA                                 98109
         1909                    0.03                      0.375                                            6.625          PARRISH                                           FL                                 34219
         1910                    0.03                      0.375                                              7.5          MANTECA                                           CA                                 95336
         1911                    0.03                      0.375                                             7.25          SANTA PAULA                                       CA                                 93060
         1912                    0.03                      0.375                                             6.75          RICHMOND                                          CA                                 94804
         1913                    0.03                      0.375                                             6.25          FREELAND                                          WA                                 98249
         1914                    0.03                      0.375                                            6.125          LAKEWOOD                                          NJ                                  8701
         1915                    0.03                      0.375                                            6.125          RANCHO CORDOVA                                    CA                                 90601
         1916                    0.03                      0.375                                             6.25          BROOKLYN                                          NY                                 11218
         1917                    0.03                      0.375                                                6          AZUSA                                             CA                                 91702
         1918                    0.03                      0.375                                              7.5          MASPETH                                           NY                                 11378
         1919                    0.03                      0.375                                              8.1          ATLANTA                                           GA                                 30363
         1920                    0.03                      0.375                                            7.625          WATERFORD                                         CT                                  6385
         1921                    0.03                      0.375                                             7.45          HAYMARKET                                         VA                                 20169
         1922                    0.03                      0.375                                            7.625          PANAMA CITY BEACH                                 FL                                 32413
         1923                    0.03                       0.25                                              8.3          CAPE CANAVERAL                                    FL                                 32920
         1924                    0.03                       0.25                                             6.75          BALDWIN PARK                                      CA                                 91706
         1925                    0.03                      0.375                                             6.25          LAHAINA                                           HI                                 96761
         1926                    0.03                       0.25                                            6.725          VAN NUYS                                          CA                                 91406
         1927                    0.03                       0.25                                             6.65          SANTA ANA                                         CA                                 92701
         1928                    0.03                      0.375                                            8.125          CUDAHY                                            CA                                 90201
         1929                    0.03                       0.25                                            6.375          PANORAMA CITY                                     CA                                 91402
         1930                    0.03                      0.375                                             7.75          MARYSVILLE                                        PA                                 17053
         1931                    0.03                      0.375                                            6.375          SAN MARCOS                                        CA                                 92069
         1932                    0.03                       0.25                                            6.625          SAN FRANCISCO                                     CA                                 94117
         1933                    0.03                      0.375                                                7          LAS VEGAS                                         NV                                 89118
         1934                    0.03                      0.375                                             6.75          MIAMI BEACH                                       FL                                 33139
         1935                    0.03                      0.375                                             7.75          ABINGDON                                          MD                                 21009
         1936                    0.03                       0.25                                            6.625          CANOGA PARK                                       CA                                 91306
         1937                    0.03                      0.375                                              7.5          WOODBRIDGE                                        VA                                 22191
         1938                    0.03                      0.375                                             7.75          CENTREVILLE                                       MD                                 21617
         1939                    0.03                      0.375                                             6.75          ORLANDO                                           FL                                 32818
         1940                    0.03                      0.375                                            6.875          LAGUNA NIGUEL                                     CA                                 92677
         1941                    0.03                      0.375                                                7          FAIRFAX                                           VA                                 22033
         1942                    0.03                       0.25                                            6.675          ALBUQUERQUE                                       NM                                 87112
         1943                    0.03                      0.375                                            7.875          CHESTERFIELD                                      VA                                 23832
         1944                    0.03                      0.375                                            7.625          HALETHORPE                                        MD                                 21227
         1945                    0.03                       0.25                                             6.75          OAKLAND                                           CA                                 94605
         1946                    0.03                      0.375                                            7.875          WALDORF                                           MD                                 20601
         1947                    0.03                      0.375                                              7.5          DAVENPORT                                         FL                                 33897
         1948                    0.03                      0.375                                            6.625          WALNUT                                            CA                                 91789
         1949                    0.03                      0.375                                            7.875          LUTHERVILLE TIMONIUM                              MD                                 21093
         1950                    0.03                      0.375                                                6          BOCA RATON                                        FL                                 33432
         1951                    0.03                       0.25                                              6.4          RIVERSIDE                                         CA                                 92509
         1952                    0.03                      0.375                                                9          BONITA SPRINGS                                    FL                                 34135
         1953                    0.03                      0.375                                            6.275          MIAMI                                             FL                                 33184
         1954                    0.03                      0.375                                             7.75          ORMOND BEACH                                      FL                                 32176
         1955                    0.03                      0.375                                             7.25          ROCKFORD                                          IL                                 61109
         1956                    0.03                      0.375                                            5.975          ELK GROVE                                         CA                                 95757
         1957                    0.03                      0.375                                             7.25          WHITE MARSH                                       MD                                 21162
         1958                    0.03                      0.375                                            7.625          SAINT PAUL                                        MN                                 55112
         1959                    0.03                      0.375                                              6.5          ARLINGTON                                         VA                                 22204
         1960                    0.03                      0.375                                             6.75          ALEXANDRIA                                        VA                                 22310
         1961                    0.03                      0.375                                              6.7          CREDIT RIVER TOWNSHIP                             MN                                 55372
         1962                    0.03                      0.375                                             6.99          SACRAMENTO                                        CA                                 95826
         1963                    0.03                      0.375                                            7.625          SANTA CLARITA                                     CA                                 91350
         1964                    0.03                      0.375                                            7.375          ALEXANDRIA                                        VA                                 22311
         1965                    0.03                      0.375                                            6.625          BURKE                                             VA                                 22015
         1966                    0.03                      0.375                                             7.75          ORMOND BEACH                                      FL                                 32176
         1967                    0.03                      0.375                                                7          SANTA ANA                                         CA                                 92703
         1968                    0.03                      0.375                                              6.5          PHOENIX                                           AZ                                 85015
         1969                    0.03                      0.375                                             7.25          LANCASTER                                         CA                                 93535
         1970                    0.03                      0.375                                            7.625          HIGHLAND                                          CA                                 92346
         1971                    0.03                      0.375                                             6.75          MORENO VALLEY                                     CA                                 92557
         1972                    0.03                      0.375                                            7.375          PALM SPRINGS                                      CA                                 92262
         1973                    0.03                      0.375                                             7.25          SYLMAR                                            CA                                 91342
         1974                    0.03                      0.375                                            7.375          GULF SHORES                                       AL                                 36547
         1975                    0.03                      0.375                                            7.875          TUALATIN                                          OR                                 97062
         1976                    0.03                      0.375                                             6.75          MORENO VALLEY                                     CA                                 92551
         1977                    0.03                      0.375                                              8.5          BAKERSFIELD                                       CA                                 93309
         1978                    0.03                      0.375                                            7.625          MINNEAPOLIS                                       MN                                 55405
         1979                    0.03                      0.375                                            6.625          LA PUENTE                                         CA                                 91744
         1980                    0.03                      0.375                                             7.75          WARREN                                            OR                                 97053
         1981                    0.03                      0.375                                            6.625          ESCONDIDO                                         CA                                 92026
         1982                    0.03                      0.375                                            6.375          NORTHRIDGE AREA                                   CA                                 91324
         1983                    0.03                      0.375                                             6.75          LOS ANGELES                                       CA                                 90044
         1984                    0.03                      0.375                                             8.95          RIVERSIDE                                         CA                                 92508
         1985                    0.03                      0.375                                            6.875          MARGATE                                           FL                                 33063
         1986                    0.03                      0.375                                            8.375          ALEXANDRIA                                        VA                                 22309
         1987                    0.03                      0.375                                            7.375          PHOENIX                                           AZ                                 85043
         1988                    0.03                      0.375                                             7.25          ROSEVILLE                                         CA                                 95661
         1989                    0.03                      0.375                                             6.75          EAST ELMHURST                                     NY                                 11369
         1990                    0.03                      0.375                                            8.625          TEMPLE HILLS                                      MD                                 20748
         1991                    0.03                      0.375                                            7.855          MIAMI                                             FL                                 33162
         1992                    0.03                      0.375                                            7.875          BAKERSFIELD                                       CA                                 93305
         1993                    0.03                      0.375                                             8.75          MANASSAS                                          VA                                 20111
         1994                    0.03                       0.75                                             10.5          LOS ANGELES                                       CA                                 90061
         1995                    0.03                      0.375                                             8.75          UPPER MARLBORO                                    MD                                 20774
         1996                    0.03                      0.375                                                9          SILVER SPRING                                     MD                                 20906
         1997                    0.03                      0.375                                            8.125          SAN DIEGO                                         CA                                 92126
         1998                    0.03                      0.375                                             7.85          LOS ANGELES                                       CA                                 90018
         1999                    0.03                      0.375                                             7.75          PHOENIX                                           AZ                                 85016
         2000                    0.03                      0.375                                             6.75          RIVERSIDE                                         CA                                 92505
         2001                    0.03                      0.375                                            7.875          CHICAGO                                           IL                                 60630
         2002                    0.03                      0.375                                            6.625          CORVALLIS                                         OR                                 97333
         2003                    0.03                      0.375                                             8.25          TAMPA                                             FL                                 33602
         2004                    0.03                       0.75                                            10.75          LAPORTE                                           CO                                 80535
         2005                    0.03                      0.375                                             7.75          MIAMI                                             FL                                 33193
         2006                    0.03                      0.375                                              6.5          ESCONDIDO                                         CA                                 92025
         2007                    0.03                       0.75                                           10.125          BOULDER CITY                                      NV                                 89005
         2008                    0.03                      0.375                                            6.875          DAVIE                                             FL                                 33325
         2009                    0.03                      0.375                                              6.5          SAN LORENZO                                       CA                                 94580
         2010                    0.03                       0.75                                            10.75          SAN LEANDRO                                       CA                                 94577
         2011                    0.03                      0.375                                            7.359          ORLANDO                                           FL                                 32829
         2012                    0.03                      0.375                                             5.75          MONTEREY                                          CA                                 93940
         2013                    0.03                       0.75                                            11.25          SAN DIEGO                                         CA                                 92126
         2014                    0.03                      0.375                                              7.5          PHOENIX                                           AZ                                 85020
         2015                    0.03                      0.375                                            6.375          FULLERTON                                         CA                                 92833
         2016                    0.03                      0.375                                             7.25          SEASIDE                                           CA                                 93955
         2017                    0.03                      0.375                                              8.5          COACHELLA                                         CA                                 92236
         2018                    0.03                       0.75                                            10.25          (SUN VALLEY AREA)  LOS AN                         CA                                 91352
         2019                    0.03                      0.375                                            7.125          SACRAMENTO                                        CA                                 95841
         2020                    0.03                      0.375                                            7.375          INGLEWOOD                                         CA                                 90305
         2021                    0.03                       0.75                                             11.5          ROCKY POINT                                       NY                                 11778
         2022                    0.03                      0.375                                              6.5          HAYWARD                                           CA                                 94541
         2023                    0.03                      0.375                                            6.375          PUYALLUP                                          WA                                 98375
         2024                    0.03                       0.75                                           11.875          PLUMAS LAKE                                       CA                                 95961
         2025                    0.03                       0.75                                           11.625          SANTA CLARA                                       CA                                 95050
         2026                    0.03                      0.375                                             7.35          LOS ANGELES                                       CA                                 90011
         2027                    0.03                      0.375                                             8.25          HEMET                                             CA                                 92545
         2028                    0.03                       0.75                                             7.75          BROOMFIELD                                        CO                                 80021
         2029                    0.03                      0.375                                            7.375          INDIO                                             CA                                 92201
         2030                    0.03                      0.375                                            7.125          MENTONE                                           CA                                 92359
         2031                    0.03                      0.375                                            6.875          REDLANDS                                          CA                                 92374
         2032                    0.03                      0.375                                                8          AVONDALE                                          AZ                                 85323
         2033                    0.03                      0.375                                             6.99          COTTONWOOD                                        CA                                 96022
         2034                    0.03                      0.375                                                9          SUN VALLEY                                        CA                                 91352
         2035                    0.03                      0.375                                            7.125          ENCINO                                            CA                                 91436
         2036                    0.03                      0.375                                            7.125          SAN BERNARDINO                                    CA                                 92405
         2037                    0.03                      0.375                                            7.375          WINCHESTER                                        VA                                 22601
         2038                    0.03                       0.75                                            12.75          KISSIMMEE                                         FL                                 34741
         2039                    0.03                      0.375                                            6.875          PLAINFIELD                                        IL                                 60586
         2040                    0.03                      0.375                                             6.75          COACHELLA                                         CA                                 92236
         2041                    0.03                      0.375                                            7.125          RIVERSIDE                                         CA                                 92506
         2042                    0.03                      0.375                                            6.875          LIVINGSTON                                        CA                                 95334
         2043                    0.03                      0.375                                              6.5          MORENO VALLEY                                     CA                                 92553
         2044                    0.03                      0.375                                             7.25          HYATTSVILLE                                       MD                                 20784
         2045                    0.03                      0.375                                             6.99          LAKE FOREST                                       CA                                 92630
         2046                    0.03                       0.75                                            12.25          STOCKTON                                          CA                                 95207
         2047                    0.03                      0.375                                            6.875          COMPTON                                           CA                                 90220
         2048                    0.03                      0.375                                            6.625          VICTORVILLE                                       CA                                 92392
         2049                    0.03                      0.375                                            6.625          RIVERSIDE                                         CA                                 92507
         2050                    0.03                      0.375                                            6.375          COATESVILLE                                       IN                                 46121
         2051                    0.03                      0.375                                             6.75          LIVINGSTON                                        CA                                 95334
         2052                    0.03                      0.375                                             7.25          LAS VEGAS                                         NV                                 89103
         2053                    0.03                      0.375                                                7          WHITTIER                                          CA                                 90605
         2054                    0.03                      0.375                                             8.25          LAKEWOOD                                          CA                                 90713
         2055                    0.03                      0.375                                             6.75          WHITE PLAINS                                      MD                                 20695
         2056                    0.03                      0.375                                             6.75          PHOENIX                                           AZ                                 85043
         2057                    0.03                      0.375                                              7.5          FRANKLIN SQUARE                                   NY                                 11010
         2058                    0.03                      0.375                                            7.625          RIVERSIDE                                         CA                                 92508
         2059                    0.03                      0.375                                            7.625          TAMPA                                             FL                                 33619
         2060                    0.03                      0.375                                            8.125          LANCASTER AREA                                    CA                                 93536
         2061                    0.03                      0.375                                            6.125          GLENDORA                                          CA                                 91740
         2062                    0.03                      0.375                                             6.99          WELLINGTON                                        FL                                 34411
         2063                    0.03                       0.75                                           14.375          JUPITER                                           FL                                 33478
         2064                    0.03                      0.375                                            6.875          THOUSAND OAKS                                     CA                                 91360
         2065                    0.03                      0.375                                            8.375          ROCKLIN                                           CA                                 95765
         2066                    0.03                      0.375                                            8.125          SAN JOSE                                          CA                                 95127
         2067                    0.03                       0.75                                           12.625          PEMBROKE PINES                                    FL                                 33026
         2068                    0.03                      0.375                                            7.875          HOLIDAY                                           FL                                 34691
         2069                    0.03                       0.75                                           12.625          PALMETTO BAY                                      FL                                 33157
         2070                    0.03                      0.375                                                6          MILL VALLEY                                       CA                                 94941
         2071                    0.03                      0.375                                             6.75          HOUSTON                                           TX                                 77083
         2072                    0.03                      0.375                                             6.25          RANCHO CORDOVA                                    CA                                 95670
         2073                    0.03                      0.375                                             5.75          AMMON                                             ID                                 83401
         2074                    0.03                      0.375                                            6.875          PLEASANT PRAIRIE                                  WI                                 53158
         2075                    0.03                      0.375                                              6.5          LIVINGSTON                                        CA                                 95334
         2076                    0.03                      0.375                                            6.875          VALLEJO                                           CA                                 94590
         2077                    0.03                      0.375                                            6.625          FALLBROOK                                         CA                                 92028
         2078                    0.03                      0.375                                            6.875          LOS BANOS                                         CA                                 93635
         2079                    0.03                      0.375                                            8.375          COTATI                                            CA                                 94931
         2080                    0.03                       0.75                                            10.99          EWA BEACH                                         HI                                 96706
         2081                    0.03                       0.75                                            12.25          MIAMI                                             FL                                 33175
         2082                    0.03                      0.375                                                7          PETALUMA                                          CA                                 94952
         2083                    0.03                      0.375                                              7.7          DELAND                                            FL                                 32720
         2084                    0.03                       0.75                                            11.25          MAPLEWOOD                                         NJ                                  7040
         2085                    0.03                      0.375                                              7.5          MELBOURNE                                         FL                                 32934
         2086                    0.03                       0.75                                            11.75          CATHEDRAL CITY                                    CA                                 92234
         2087                    0.03                      0.375                                             7.75          ALAMEDA                                           CA                                 94501
         2088                    0.03                      0.375                                              6.5          CORONA                                            CA                                 92880
         2089                    0.03                      0.375                                            6.375          EL CAJON                                          CA                                 92020
         2090                    0.03                      0.375                                             7.99          GALLOWAY                                          NJ                                  8205
         2091                    0.03                      0.375                                            7.125          FAIRFIELD                                         CA                                 94534
         2092                    0.03                      0.375                                            7.125          AZUSA                                             CA                                 91702
         2093                    0.03                      0.375                                            7.875          CENTRAL FALLS                                     RI                                  2863
         2094                    0.03                      0.375                                             6.75          LAKESIDE                                          CA                                 92040
         2095                    0.03                      0.375                                              6.5          MADERA                                            CA                                 93638
         2096                    0.03                      0.375                                             6.88          GIG HARBOR                                        WA                                 98335
         2097                    0.03                      0.375                                             7.99          LEMON GROVE                                       CA                                 91945
         2098                    0.03                      0.375                                             7.99          LOS ANGELES                                       CA                                 90016
         2099                    0.03                      0.375                                             7.25          SAN FRANCISCO                                     CA                                 94134
         2100                    0.03                      0.375                                                7          TAMPA                                             FL                                 33619
         2101                    0.03                      0.375                                             6.75          NORWALK                                           CT                                  6850
         2102                    0.03                      0.375                                            6.375          SAN JOSE                                          CA                                 95120
         2103                    0.03                      0.375                                              9.5          BOISE                                             ID                                 83705
         2104                    0.03                      0.375                                             7.75          SYLMAR AREA                                       CA                                 91342
         2105                    0.03                      0.375                                            7.125          LOS ANGELES                                       CA                                 91331
         2106                    0.03                      0.375                                            6.875          CONCORD                                           CA                                 94521
         2107                    0.03                      0.375                                                6          VALLEJO                                           CA                                 94590
         2108                    0.03                      0.375                                              6.5          ANAHEIM                                           CA                                 92801
         2109                    0.03                      0.375                                            6.625          PHOENIX                                           AZ                                 85028
         2110                    0.03                      0.375                                            5.875          FRESNO                                            CA                                 93705
         2111                    0.03                      0.375                                             7.25          THOUSAND OAKS                                     CA                                 91360
         2112                    0.03                      0.375                                            7.067          CLEARWATER                                        FL                                 33759
         2113                    0.03                      0.375                                             6.25          NORTH LAS VEGAS                                   NV                                 89031
         2114                    0.03                      0.375                                             7.45          ELLICOTT CITY                                     MD                                 21042
         2115                    0.03                      0.375                                             8.75          WASHINGTON                                        DC                                 20019
         2116                    0.03                      0.375                                            5.875          CLOVIS                                            CA                                 93611
         2117                    0.03                      0.375                                            5.625          CIBOLO                                            TX                                 78108
         2118                    0.03                      0.375                                              7.5          BOCA RATON                                        FL                                 33434
         2119                    0.03                      0.375                                            6.875          BURBANK                                           CA                                 91504
         2120                    0.03                      0.375                                             7.95          MIAMI BEACH                                       FL                                 33140
         2121                    0.03                      0.375                                             8.65          MINNEAPOLIS                                       MN                                 55411
         2122                    0.03                      0.375                                                8          SAN JOSE                                          CA                                 95121
         2123                    0.03                      0.375                                             6.75          TACOMA                                            WA                                 98424
         2124                    0.03                      0.375                                            7.375          (PALMDALE AREA)                                   CA                                 93551
         2125                    0.03                       0.75                                             11.6          OAKTON                                            VA                                 22124
         2126                    0.03                      0.375                                             7.75          HESPERIA                                          CA                                 92344
         2127                    0.03                       0.75                                            10.99          ROCKVILLE                                         MD                                 20853
         2128                    0.03                       0.75                                             10.8          POWDER SPRINGS                                    GA                                 30127
         2129                    0.03                      0.375                                                8          CHICAGO                                           IL                                 60617
         2130                    0.03                       0.75                                            10.25          BRONX                                             NY                                 10458
         2131                    0.03                       0.75                                             10.5          FONTANA                                           CA                                 92337
         2132                    0.03                       0.75                                            10.25          SAN JOSE                                          CA                                 95124
         2133                    0.03                      0.375                                              7.5          SUNNY ISLES BEACH                                 FL                                 33160
         2134                    0.03                      0.375                                              7.5          LOS ANGELES AREA                                  CA                                 90002
         2135                    0.03                      0.375                                              6.6          TUSTIN                                            CA                                 92780
         2136                    0.03                      0.375                                             6.79          GLENDALE                                          CA                                 91201
         2137                    0.03                      0.375                                            7.875          LOS ANGELES                                       CA                                 90047
         2138                    0.03                      0.375                                             7.25          PORTLAND                                          OR                                 97212
         2139                    0.03                      0.375                                              7.5          BROOKLYN                                          NY                                 11208
         2140                    0.03                      0.375                                            8.275          NEWHALL                                           CA                                 91321
         2141                    0.03                      0.375                                             8.75          OAKLAND                                           CA                                 94611
         2142                    0.03                      0.375                                             7.75          SOUTH GATE                                        CA                                 90280
         2143                    0.03                      0.375                                             7.49          BAKERSFIELD                                       CA                                 93307
         2144                    0.03                      0.375                                             7.85          PACOIMA                                           CA                                 91331
         2145                    0.03                      0.375                                                6          PANORAMA CITY                                     CA                                 91402
         2146                    0.03                      0.375                                              5.5          PICO RIVERA                                       CA                                 90660
         2147                    0.03                      0.375                                              7.5          BAY POINT                                         CA                                 94565
         2148                    0.03                      0.375                                            7.125          LANCASTER                                         CA                                 93536
         2149                    0.03                      0.375                                                8          SAN DIEGO                                         CA                                 92114
         2150                    0.03                      0.375                                                8          SAN FRANCISCO                                     CA                                 94107
         2151                    0.03                       0.25                                            6.625          LOS ANGELES                                       CA                                 90044
         2152                    0.03                       0.25                                            6.375          VANCOUVER                                         WA                                 98661
         2153                    0.03                       0.25                                            6.625          INGLEWOOD                                         CA                                 90301
         2154                    0.03                       0.25                                            6.625          INGLEWOOD                                         CA                                 90302
         2155                    0.03                       0.25                                            6.625          INGLEWOOD                                         CA                                 90302
         2156                    0.03                       0.75                                             11.7          WINSTON SALEM                                     NC                                 27127
         2157                    0.03                       0.75                                            11.25          LAKEWOOD                                          WA                                 98499
         2158                    0.03                       0.75                                             9.99          LAKEWOOD                                          CA                                 90712
         2159                    0.03                      0.375                                            8.625          LAGUNA BEACH                                      CA                                 92651
         2160                    0.03                       0.75                                             10.7          FISHERS                                           IN                                 46038
         2161                    0.03                       0.75                                            10.99          NOTTINGHAM                                        MD                                 21236
         2162                    0.03                       0.75                                             10.8          POWDER SPRINGS                                    GA                                 30127
         2163                    0.03                       0.75                                            10.99          MENIFEE                                           CA                                 92584
         2164                    0.03                       0.75                                            11.65          SAINT CLOUD                                       MN                                 56303
         2165                    0.03                      0.375                                            7.625          PHOENIX                                           AZ                                 85042
         2166                    0.03                       0.75                                               10          DOLTON                                            IL                                 60419
         2167                    0.03                       0.25                                            6.375          ANAHEIM                                           CA                                 92804
         2168                    0.03                      0.375                                            7.625          PORTLAND                                          OR                                 97216
         2169                    0.03                      0.375                                                7          MIRAMAR                                           FL                                 33025
         2170                    0.03                      0.375                                             7.75          SOUTH DAYTONA BEACH                               FL                                 32119
         2171                    0.03                      0.375                                             7.25          DAVENPORT                                         FL                                 33897
         2172                    0.03                       0.25                                             6.65          WEST HOLLYWOOD                                    CA                                 90046
         2173                    0.03                      0.375                                              7.5          MIRAMAR                                           FL                                 33025

           LOAN          PROPTYPE                                       MATURITY_DATE                         ORIGINAL_BALANCE                     FIRST_PAY_DATE                      LOAN_TO_VALUE         MI
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
            1          Multi Family                                       20360601                                  833000                            20060701                                71.5          No MI
            2          Single Family                                      20360501                                  132000                            20060601                                  80          No MI
            3          Single Family                                      20360301                                  133750                            20060401                         76.43000031          No MI
            4          Single Family                                      20360501                                  240000                            20060601                                  80          No MI
            5          Single Family                                      20360301                                  399900                            20060401                                  80          No MI
            6          Condominium                                        20360601                                  140000                            20060701                                  80          No MI
            7          Single Family                                      20360501                                  124000                            20060601                                  80          No MI
            8          Condominium                                        20360601                                  140000                            20060701                                  80          No MI
            9          Single Family                                      20360601                                  268000                            20060701                                  80          No MI
           10          Multi Family                                       20360601                                  755000                            20060701                         77.44000244          No MI
           11          Multi Family                                       20360601                                 1380000                            20060701                         62.72999954          No MI
           12          Multi Family                                       20360501                                  510000                            20060601                         53.13000107          No MI
           13          Single Family                                      20360301                                  275500                            20060401                         78.70999908          No MI
           14          Multi Family                                       20360501                                  765000                            20060601                         57.95000076          No MI
           15          Townhouse                                          20360501                                  257600                            20060601                                  80          No MI
           16          Single Family                                      20360301                                  188000                            20060401                                  80          No MI
           17          Multi Family                                       20360501                                  416000                            20060601                                  80          No MI
           18          PUD                                                20360601                                  346774                            20060701                                  80          No MI
           19          Multi Family                                       20360601                                  387750                            20060701                                  75          No MI
           20          PUD                                                20360301                                  368700                            20060401                                  80          No MI
           21          PUD                                                20360501                                  417000                            20060601                         68.36000061          No MI
           22          Single Family                                      20360501                                  273750                            20060601                                  75          No MI
           23          Single Family                                      20360601                                  150600                            20060701                         74.98000336          No MI
           24          Single Family                                      20360301                                  239900                            20060401                         79.98999786          No MI
           25          Single Family                                      20360601                                  177000                            20060701                         69.95999908          No MI
           26          Single Family                                      20360501                                  344000                            20060601                                  80          No MI
           27          Multi Family                                       20360501                                 2365000                            20060601                         60.63999939          No MI
           28          Single Family                                      20360301                                  392000                            20060401                                  80          No MI
           29          Single Family                                      20360501                                  228000                            20060601                                  80          No MI
           30          Single Family                                      20360501                                  248000                            20060601                                  80          No MI
           31          Multi Family                                       20360601                                 1500000                            20060701                         66.66999817          No MI
           32          Single Family                                      20360301                                  280000                            20060401                                  80          No MI
           33          Multi Family                                       20360501                                  187500                            20060601                                  75          No MI
           34          Single Family                                      20360501                                  347200                            20060601                                  80          No MI
           35          Single Family                                      20360301                                  165600                            20060401                                  80          No MI
           36          Multi Family                                       20360601                                  725000                            20060701                         73.98000336          No MI
           37          Single Family                                      20360501                                  256000                            20060601                                  80          No MI
           38          Single Family                                      20360501                                  272300                            20060601                                  70          No MI
           39          Single Family                                      20360301                                  372000                            20060401                                  80          No MI
           40          Multi Family                                       20360601                                 1237500                            20060701                                  75          No MI
           41          Single Family                                      20360301                                  187500                            20060401                                  75          No MI
           42          Multi Family                                       20360601                                  680000                            20060701                                  80          No MI
           43          Single Family                                      20360301                                  318950                            20060401                                  80          No MI
           44          Multi Family                                       20360501                                  388750                            20060601                         60.27000046          No MI
           45          Single Family                                      20360201                                  512000                            20060301                                  80          No MI
           46          Single Family                                      20360501                                  464000                            20060601                                  80          No MI
           47          PUD                                                20360601                                  452000                            20060701                                  80          No MI
           48          PUD                                                20360601                                  305000                            20060701                         51.25999832          No MI
           49          PUD                                                20360401                                  245550                            20060501                         79.98999786          No MI
           50          Multi Family                                       20360601                                 1070000                            20060701                         62.93999863          No MI
           51          Multi Family                                       20360501                                  374560                            20060601                         79.69000244          No MI
           52          PUD                                                20360301                                  200000                            20060401                                  80          No MI
           53          Multi Family                                       20360601                                 1026000                            20060701                         57.31999969          No MI
           54          PUD                                                20360501                                  198400                            20060601                                  80          No MI
           55          Single Family                                      20360101                                  649900                            20060201                         15.85000038          No MI
           56          Multi Family                                       20360701                                  510000                            20060801                                  75          No MI
           57          Single Family                                      20360501                                  415750                            20060601                                  80          No MI
           58          Townhouse                                          20360401                                  135000                            20060501                                  75          No MI
           59          Single Family                                      20360501                                   95900                            20060601                                  70          No MI
           60          Multi Family                                       20360601                                  298250                            20060701                         74.98999786          No MI
           61          PUD                                                20360501                                  315000                            20060601                                  75          No MI
           62          Single Family                                      20360601                                  364000                            20060701                         71.79000092          No MI
           63          Multi Family                                       20360401                                  276750                            20060501                                  75          No MI
           64          PUD                                                20360601                                  173600                            20060701                                  80          No MI
           65          Single Family                                      20360301                                  231200                            20060401                         71.13999939          No MI
           66          Condominium                                        20360601                                   97400                            20060701                         74.98000336          No MI
           67          Single Family                                      20360501                                  247200                            20060601                                  80          No MI
           68          Single Family                                      20360401                                  272000                            20060501                         44.95999908          No MI
           69          Condominium                                        20360401                                  227000                            20060501                         74.66999817          No MI
           70          Townhouse                                          20360401                                  123520                            20060501                                  80          No MI
           71          Single Family                                      20360401                                  285600                            20060501                                  80          No MI
           72          Single Family                                      20360501                                  255000                            20060601                         69.86000061          No MI
           73          Townhouse                                          20360401                                  120000                            20060501                                  80          No MI
           74          Single Family                                      20360401                                  196000                            20060501                                  80          No MI
           75          Single Family                                      20360601                                  428000                            20060701                         69.02999878          No MI
           76          Single Family                                      20360401                                  168000                            20060501                                  70          No MI
           77          Multi Family                                       20360501                                  417350                            20060601                                  75          No MI
           78          Townhouse                                          20360401                                  440000                            20060501                                  80          No MI
           79          Single Family                                      20360401                                  149350                            20060501                         79.98999786          No MI
           80          Multi Family                                       20360401                                  276000                            20060501                                  80          No MI
           81          Single Family                                      20360501                                  660000                            20060601                                  80          No MI
           82          Single Family                                      20360401                                  308000                            20060501                                  80          No MI
           83          Condominium                                        20360501                                  150000                            20060601                         54.54999924          No MI
           84          Single Family                                      20360401                                  200000                            20060501                                  80          No MI
           85          Condominium                                        20360501                                  400400                            20060601                                  70          No MI
           86          PUD                                                20360501                                  219000                            20060601                                  75          No MI
           87          Multi Family                                       20360401                                  284000                            20060501                                  80          No MI
           88          Single Family                                      20360401                                  101500                            20060501                                  70          No MI
           89          Single Family                                      20360601                                  270000                            20060701                                  75          No MI
           90          Multi Family                                       20360501                                  353750                            20060601                         74.98999786          No MI
           91          Single Family                                      20360401                                  101500                            20060501                                  70          No MI
           92          Single Family                                      20360401                                  101500                            20060501                                  70          No MI
           93          Condominium                                        20360501                                  110150                            20060601                         74.98000336          No MI
           94          Single Family                                      20360401                                  156750                            20060501                                  75          No MI
           95          Single Family                                      20360501                                  419250                            20060601                         63.61999893          No MI
           96          PUD                                                20360501                                  198750                            20060601                                  75          No MI
           97          Single Family                                      20360501                                  155000                            20060601                         76.73000336          No MI
           98          PUD                                                20360501                                  192000                            20060601                         78.37000275          No MI
           99          PUD                                                20360401                                  255188                            20060501                                  80          No MI
          100          Condominium                                        20360501                                  169600                            20060601                                  80          No MI
          101          PUD                                                20360501                                  167300                            20060601                                  70          No MI
          102          Single Family                                      20360401                                  272000                            20060501                         50.36999893          No MI
          103          Single Family                                      20360501                                  188000                            20060601                                  80          No MI
          104          Single Family                                      20360401                                  172250                            20060501                                  65          No MI
          105          Single Family                                      20360401                                  484800                            20060501                                  80          No MI
          106          Single Family                                      20360501                                  517600                            20060601                                  80          No MI
          107          Single Family                                      20360401                                  460000                            20060501                                  80          No MI
          108          PUD                                                20360401                                  551500                            20060501                                  80          No MI
          109          Single Family                                      20360501                                  272000                            20060601                                  80          No MI
          110          Single Family                                      20360501                                  164000                            20060601                                  80          No MI
          111          Condominium                                        20360401                                  150500                            20060501                         59.02000046          No MI
          112          Single Family                                      20360501                                  488000                            20060601                                  80          No MI
          113          Multi Family                                       20360501                                  440000                            20060601                                  80          No MI
          114          Single Family                                      20360501                                  200000                            20060601                                  80          No MI
          115          Single Family                                      20360501                                  500000                            20060601                         74.06999969          No MI
          116          Condominium                                        20360501                                  201000                            20060601                                  80          No MI
          117          Single Family                                      20360401                                  199520                            20060501                                  80          No MI
          118          Single Family                                      20360501                                  298400                            20060601                                  80          No MI
          119          Condominium                                        20360501                                  419300                            20060601                                  70          No MI
          120          Single Family                                      20360601                                  436000                            20060701                                  80          No MI
          121          PUD                                                20360501                                  168250                            20060601                         79.98999786          No MI
          122          Single Family                                      20360501                                  292500                            20060601                                  75          No MI
          123          Single Family                                      20360501                                  268000                            20060601                                  80          No MI
          124          Single Family                                      20360501                                  450000                            20060601                                  75          No MI
          125          Single Family                                      20360601                                  372750                            20060701                                  75          No MI
          126          Single Family                                      20360501                                 1815000                            20060601                         54.18000031          No MI
          127          PUD                                                20360601                                  750000                            20060701                         65.22000122          No MI
          128          Single Family                                      20360501                                  449550                            20060601                         79.98999786          No MI
          129          Single Family                                      20360501                                  100100                            20060601                         79.98000336          No MI
          130          PUD                                                20360501                                  181900                            20060601                         79.98000336          No MI
          131          Single Family                                      20360501                                  495000                            20060601                                  75          No MI
          132          Condominium                                        20360501                                  292500                            20060601                                  75          No MI
          133          Single Family                                      20360601                                  376000                            20060701                         68.36000061          No MI
          134          Single Family                                      20360501                                  432000                            20060601                                  80          No MI
          135          Condominium                                        20360501                                  473400                            20060601                         79.98999786          No MI
          136          Single Family                                      20360501                                  168000                            20060601                                  70          No MI
          137          Condominium                                        20360401                                  453600                            20060501                                  80          No MI
          138          Single Family                                      20360501                                  152000                            20060601                                  80          No MI
          139          PUD                                                20360501                                  284000                            20060601                                  80          No MI
          140          Single Family                                      20360601                                  340000                            20060701                         46.25999832          No MI
          141          Single Family                                      20360501                                  112800                            20060601                                  80          No MI
          142          Condominium                                        20360501                                  225000                            20060601                         69.23000336          No MI
          143          PUD                                                20360401                                  305000                            20060501                         84.72000122          Radian Guaranty
          144          Single Family                                      20360501                                  630000                            20060601                         63.63999939          No MI
          145          Single Family                                      20360501                                  304000                            20060601                                  80          No MI
          146          Condominium                                        20360501                                  266400                            20060601                                  80          No MI
          147          PUD                                                20360501                                 1087500                            20060601                                  75          No MI
          148          Single Family                                      20360501                                  416000                            20060601                                  80          No MI
          149          PUD                                                20360401                                  154200                            20060501                         79.98000336          No MI
          150          Condominium                                        20360501                                  496000                            20060601                                  80          No MI
          151          Single Family                                      20360501                                  300800                            20060601                         34.77000046          No MI
          152          PUD                                                20360401                                  312000                            20060501                                  80          No MI
          153          Single Family                                      20360401                                  228000                            20060501                                  80          No MI
          154          Single Family                                      20360601                                  292000                            20060701                                  80          No MI
          155          Condominium                                        20360601                                  359900                            20060701                         74.98999786          No MI
          156          PUD                                                20360401                                  335120                            20060501                                  80          No MI
          157          Single Family                                      20360101                                  143100                            20060201                                  90          No MI
          158          PUD                                                20360401                                  414400                            20060501                                  80          No MI
          159          Condominium                                        20360501                                  256000                            20060601                                  80          No MI
          160          Multi Family                                       20360401                                  728000                            20060501                                  80          No MI
          161          Condominium                                        20360601                                  101625                            20060701                                  75          No MI
          162          Single Family                                      20360401                                  220000                            20060501                                  80          No MI
          163          PUD                                                20360501                                  460000                            20060601                         79.30999756          No MI
          164          Single Family                                      20360501                                   93750                            20060601                                  75          No MI
          165          Single Family                                      20360601                                  196300                            20060701                                  70          No MI
          166          Single Family                                      20360601                                  242250                            20060701                                  75          No MI
          167          PUD                                                20360501                                  462400                            20060601                                  80          No MI
          168          Single Family                                      20360401                                 1140000                            20060501                         49.56999969          No MI
          169          PUD                                                20360501                                  308800                            20060601                                  80          No MI
          170          PUD                                                20360401                                  184500                            20060501                                  75          No MI
          171          Multi Family                                       20360601                                  472500                            20060701                                  75          No MI
          172          Single Family                                      20360501                                  520000                            20060601                                  80          No MI
          173          PUD                                                20360601                                  650000                            20060701                         69.70999908          No MI
          174          PUD                                                20360501                                  200000                            20060601                                  80          No MI
          175          Condominium                                        20360401                                  378550                            20060501                         79.98999786          No MI
          176          Single Family                                      20360501                                  393750                            20060601                                  75          No MI
          177          Single Family                                      20360501                                  115400                            20060601                         69.98000336          No MI
          178          Single Family                                      20360401                                  980000                            20060501                                  70          No MI
          179          PUD                                                20360501                                  240000                            20060601                                  75          No MI
          180          Single Family                                      20360601                                  500000                            20060701                                  80          No MI
          181          Townhouse                                          20360401                                  316700                            20060501                         79.98999786          No MI
          182          Single Family                                      20360401                                  108000                            20060501                                  80          No MI
          183          Single Family                                      20360401                                   74100                            20060501                                  95          Radian Guaranty
          184          Condominium                                        20360401                                  224000                            20060501                                  70          No MI
          185          Condominium                                        20360701                                  276500                            20060801                                  70          No MI
          186          Condominium                                        20360401                                  165130                            20060501                                  70          No MI
          187          Single Family                                      20360501                                  315300                            20060601                         79.98999786          No MI
          188          Single Family                                      20360501                                  328000                            20060601                                  80          No MI
          189          Single Family                                      20360401                                  378400                            20060501                                  80          No MI
          190          Single Family                                      20360401                                   81600                            20060501                                  80          No MI
          191          Condominium                                        20360601                                  288000                            20060701                                  90          Radian Guaranty
          192          PUD                                                20360401                                  140000                            20060501                                  80          No MI
          193          Single Family                                      20360401                                  113400                            20060501                                  80          No MI
          194          Single Family                                      20360201                                  140000                            20060301                         77.77999878          No MI
          195          Single Family                                      20360601                                  307500                            20060701                                  75          No MI
          196          Single Family                                      20360401                                  218750                            20060501                         79.55000305          No MI
          197          Single Family                                      20360701                                  388000                            20060801                                  80          No MI
          198          Single Family                                      20360401                                  264000                            20060501                                  80          No MI
          199          Single Family                                      20360401                                  616000                            20060501                                  80          No MI
          200          Single Family                                      20360401                                  403200                            20060501                                  80          No MI
          201          Single Family                                      20360401                                  142400                            20060501                                  80          No MI
          202          Condominium                                        20360501                                  345000                            20060601                                  75          No MI
          203          Single Family                                      20360501                                  210000                            20060601                                  70          No MI
          204          Single Family                                      20360401                                  708000                            20060501                                  80          No MI
          205          Single Family                                      20360401                                  372000                            20060501                                  80          No MI
          206          Single Family                                      20360501                                  485000                            20060601                         77.11000061          No MI
          207          Single Family                                      20360401                                  380000                            20060501                                  80          No MI
          208          Single Family                                      20360401                                  378400                            20060501                         79.98999786          No MI
          209          Single Family                                      20360501                                  350000                            20060601                         57.84999847          No MI
          210          Single Family                                      20360501                                  208000                            20060601                                  80          No MI
          211          PUD                                                20360401                                  220758                            20060501                                  80          No MI
          212          PUD                                                20360501                                  435000                            20060601                         74.36000061          No MI
          213          Condominium                                        20360301                                  271600                            20060401                                  80          No MI
          214          Condominium                                        20360301                                  237600                            20060401                                  80          No MI
          215          PUD                                                20360301                                  305348                            20060401                                  80          No MI
          216          Condominium                                        20360401                                  167920                            20060501                                  80          No MI
          217          PUD                                                20360401                                  264193                            20060501                                  80          No MI
          218          Condominium                                        20360301                                  216240                            20060401                                  80          No MI
          219          Condominium                                        20360201                                  173920                            20060301                                  80          No MI
          220          Single Family                                      20360401                                  460000                            20060501                                  80          No MI
          221          Single Family                                      20360401                                  228000                            20060501                                  80          No MI
          222          PUD                                                20360401                                  260000                            20060501                                  80          No MI
          223          Single Family                                      20360401                                  212000                            20060501                                  80          No MI
          224          Condominium                                        20360401                                  287000                            20060501                                  70          No MI
          225          Single Family                                      20360501                                  325500                            20060601                                  70          No MI
          226          Single Family                                      20360501                                  492000                            20060601                                  80          No MI
          227          Condominium                                        20360501                                  121000                            20060601                         74.93000031          No MI
          228          PUD                                                20360501                                  203300                            20060601                         79.98000336          No MI
          229          Condominium                                        20360501                                  360000                            20060601                                  80          No MI
          230          PUD                                                20360501                                  220000                            20060601                                  80          No MI
          231          Single Family                                      20360501                                  359150                            20060601                                  80          No MI
          232          Single Family                                      20360501                                  245000                            20060601                                  70          No MI
          233          Single Family                                      20360401                                  295800                            20060501                         79.98999786          No MI
          234          Single Family                                      20360401                                  368800                            20060501                         79.23999786          No MI
          235          Single Family                                      20360501                                  448000                            20060601                                  80          No MI
          236          Single Family                                      20360501                                  110000                            20060601                         29.18000031          No MI
          237          Condominium                                        20360601                                  106500                            20060701                                  75          No MI
          238          Multi Family                                       20360501                                  444000                            20060601                                  80          No MI
          239          PUD                                                20360501                                  189650                            20060601                         79.98999786          No MI
          240          Single Family                                      20360501                                  248500                            20060601                                  70          No MI
          241          Single Family                                      20360501                                  302400                            20060601                                  80          No MI
          242          Single Family                                      20360601                                  520000                            20060701                                  80          No MI
          243          Multi Family                                       20360601                                  518250                            20060701                                  75          No MI
          244          Condominium                                        20360501                                  254400                            20060601                                  80          No MI
          245          PUD                                                20360501                                  900000                            20060601                                  75          No MI
          246          Single Family                                      20360501                                  164000                            20060601                                  80          No MI
          247          Condominium                                        20210501                                   55700                            20060601                         94.98000336          No MI
          248          Multi Family                                       20360401                                  572000                            20060501                                  80          No MI
          249          Single Family                                      20360501                                  255500                            20060601                                  70          No MI
          250          Single Family                                      20360501                                  188000                            20060601                                  80          No MI
          251          Single Family                                      20360501                                  284000                            20060601                                  80          No MI
          252          Condominium                                        20360501                                  185500                            20060601                                  70          No MI
          253          PUD                                                20360601                                  727800                            20060701                         69.94000244          No MI
          254          Single Family                                      20360501                                  962000                            20060601                         67.51000214          No MI
          255          Single Family                                      20360501                                  368000                            20060601                                  80          No MI
          256          Single Family                                      20360501                                  175000                            20060601                                  70          No MI
          257          Single Family                                      20360401                                  113100                            20060501                                  78          No MI
          258          Single Family                                      20360501                                  176000                            20060601                                  80          No MI
          259          Single Family                                      20360401                                  250750                            20060501                         55.63000107          No MI
          260          Single Family                                      20360401                                  384000                            20060501                                  80          No MI
          261          Single Family                                      20360401                                   84400                            20060501                                  80          No MI
          262          Single Family                                      20360401                                  152000                            20060501                                  80          No MI
          263          Single Family                                      20360501                                  417000                            20060601                         55.59999847          No MI
          264          Condominium                                        20360501                                  119900                            20060601                         79.98999786          No MI
          265          Single Family                                      20360601                                  311200                            20060701                                  80          No MI
          266          Single Family                                      20360501                                  164000                            20060601                                  80          No MI
          267          Multi Family                                       20360401                                  129600                            20060501                                  80          No MI
          268          Townhouse                                          20360201                                  302400                            20060301                                  80          No MI
          269          PUD                                                20360501                                  550000                            20060601                         79.15000153          No MI
          270          Single Family                                      20360501                                  333900                            20060601                                  70          No MI
          271          Townhouse                                          20360401                                  630000                            20060501                                  80          No MI
          272          Single Family                                      20360501                                  359250                            20060601                                  75          No MI
          273          Single Family                                      20360401                                  110400                            20060501                                  80          No MI
          274          Single Family                                      20360501                                  222400                            20060601                                  80          No MI
          275          Single Family                                      20360501                                  417000                            20060601                         78.68000031          No MI
          276          Multi Family                                       20360501                                 1400000                            20060601                                  70          No MI
          277          Multi Family                                       20360401                                 1504000                            20060501                                  80          No MI
          278          Single Family                                      20360401                                  206400                            20060501                                  80          No MI
          279          Single Family                                      20360401                                  220000                            20060501                                  80          No MI
          280          Single Family                                      20360401                                  237000                            20060501                               59.25          No MI
          281          Single Family                                      20360401                                  248000                            20060501                                  80          No MI
          282          PUD                                                20360401                                  416250                            20060501                                  75          No MI
          283          Single Family                                      20360401                                  335200                            20060501                                  80          No MI
          284          Single Family                                      20360401                                  352000                            20060501                                  80          No MI
          285          Single Family                                      20360501                                   73500                            20060601                                  75          No MI
          286          PUD                                                20360501                                  383920                            20060601                                  80          No MI
          287          Multi Family                                       20360401                                  725000                            20060501                         69.54000092          No MI
          288          Single Family                                      20360501                                  423750                            20060601                                  75          No MI
          289          Multi Family                                       20360401                                  690000                            20060501                         66.19000244          No MI
          290          Single Family                                      20360501                                  715000                            20060601                                  65          No MI
          291          PUD                                                20360401                                 1433400                            20060501                         69.87999725          No MI
          292          Multi Family                                       20360501                                 1277000                            20060601                         67.20999908          No MI
          293          Single Family                                      20360701                                  825000                            20060801                                  75          No MI
          294          Multi Family                                       20360501                                 2560000                            20060601                                  80          No MI
          295          Single Family                                      20360401                                  446400                            20060501                                  80          No MI
          296          Condominium                                        20360401                                  339500                            20060501                                  70          No MI
          297          Single Family                                      20360401                                  132300                            20060501                                  70          No MI
          298          Single Family                                      20360601                                  160000                            20060701                         69.56999969          No MI
          299          Single Family                                      20360401                                  177600                            20060501                                  80          No MI
          300          Multi Family                                       20360401                                 1179000                            20060501                         71.44999695          No MI
          301          Multi Family                                       20360401                                  460000                            20060501                                  80          No MI
          302          Multi Family                                       20360401                                  400000                            20060501                                  80          No MI
          303          Condominium                                        20360601                                  361560                            20060701                                  80          No MI
          304          Condominium                                        20360401                                  327600                            20060501                                  70          No MI
          305          Multi Family                                       20360401                                  280000                            20060501                         65.12000275          No MI
          306          Single Family                                      20360401                                  750000                            20060501                                  60          No MI
          307          Single Family                                      20360601                                  500000                            20060701                                  80          No MI
          308          Single Family                                      20360401                                  515000                            20060501                                  80          No MI
          309          Single Family                                      20360301                                  203889                            20060401                                  80          No MI
          310          Multi Family                                       20360501                                 1000000                            20060601                         64.51999664          No MI
          311          Single Family                                      20360401                                  349500                            20060501                         67.86000061          No MI
          312          PUD                                                20360601                                  840000                            20060701                                  80          No MI
          313          Single Family                                      20360601                                  675000                            20060701                         50.36999893          No MI
          314          Multi Family                                       20360501                                  399000                            20060601                         53.20000076          No MI
          315          Single Family                                      20360401                                  112500                            20060501                                  75          No MI
          316          Single Family                                      20360401                                  312000                            20060501                                  80          No MI
          317          Multi Family                                       20360401                                  845000                            20060501                         47.74000168          No MI
          318          Townhouse                                          20360401                                  158300                            20060501                         79.98999786          No MI
          319          PUD                                                20360401                                  197900                            20060501                         79.98000336          No MI
          320          Single Family                                      20360401                                  185200                            20060501                                  80          No MI
          321          Single Family                                      20360401                                  268000                            20060501                                  80          No MI
          322          Single Family                                      20360401                                  385000                            20060501                               68.75          No MI
          323          Single Family                                      20360401                                  192000                            20060501                                  80          No MI
          324          Single Family                                      20360401                                  372000                            20060501                                  80          No MI
          325          Single Family                                      20360401                                  309600                            20060501                                  80          No MI
          326          PUD                                                20360401                                  840000                            20060501                         71.19000244          No MI
          327          Single Family                                      20360401                                  329600                            20060501                                  80          No MI
          328          Single Family                                      20360501                                  275000                            20060601                         60.04000092          No MI
          329          Single Family                                      20360401                                  131250                            20060501                                  75          No MI
          330          Multi Family                                       20360501                                  402500                            20060601                                  70          No MI
          331          PUD                                                20360501                                  599920                            20060601                                  80          No MI
          332          Single Family                                      20360401                                  404400                            20060501                                  80          No MI
          333          PUD                                                20360501                                  424000                            20060601                                  80          No MI
          334          Condominium                                        20360401                                  255000                            20060501                                  75          No MI
          335          Multi Family                                       20360501                                 1950000                            20060601                         67.94000244          No MI
          336          Multi Family                                       20360501                                 1350000                            20060601                                  75          No MI
          337          Single Family                                      20360401                                  320750                            20060501                         79.98999786          No MI
          338          Multi Family                                       20360601                                  338000                            20060701                         78.59999847          No MI
          339          Multi Family                                       20360601                                  450000                            20060701                                  75          No MI
          340          Single Family                                      20360401                                  179900                            20060501                         79.98999786          No MI
          341          Single Family                                      20360401                                  256000                            20060501                                  80          No MI
          342          Multi Family                                       20360601                                 1160000                            20060701                                  80          No MI
          343          Single Family                                      20360401                                  348000                            20060501                                  80          No MI
          344          PUD                                                20360401                                  306000                            20060501                                  85          Radian Guaranty
          345          Multi Family                                       20360401                                 1150000                            20060501                         70.98999786          No MI
          346          Single Family                                      20360401                                  211650                            20060501                         79.98999786          No MI
          347          Multi Family                                       20360401                                  171200                            20060501                                  80          No MI
          348          Multi Family                                       20360501                                  904000                            20060601                         72.90000153          No MI
          349          Single Family                                      20360401                                  679250                            20060501                                  65          No MI
          350          Single Family                                      20360401                                  742000                            20060501                                  70          No MI
          351          Multi Family                                       20360401                                  171200                            20060501                                  80          No MI
          352          Single Family                                      20360401                                  156000                            20060501                                  80          No MI
          353          Multi Family                                       20360601                                 1959000                            20060701                         67.55000305          No MI
          354          Single Family                                      20360501                                  295750                            20060601                                  65          No MI
          355          Multi Family                                       20360501                                  219450                            20060601                                  70          No MI
          356          Multi Family                                       20360401                                  850000                            20060501                         78.69999695          No MI
          357          Multi Family                                       20360401                                 2910000                            20060501                         77.80999756          No MI
          358          PUD                                                20360401                                  422150                            20060501                         89.98999786          Radian Guaranty
          359          Single Family                                      20360501                                  357000                            20060601                                  85          Mortgage Guaranty In
          360          Multi Family                                       20360401                                 1355000                            20060501                         55.88000107          No MI
          361          PUD                                                20360401                                  212000                            20060501                         79.09999847          No MI
          362          Condominium                                        20360401                                  236150                            20060501                                  80          No MI
          363          PUD                                                20360301                                  294982                            20060401                                  80          No MI
          364          Single Family                                      20360701                                   81900                            20060801                                  90          No MI
          365          Multi Family                                       20360601                                 1560000                            20060701                                  75          No MI
          366          Single Family                                      20360401                                  486500                            20060501                                  70          No MI
          367          Condominium                                        20360401                                  283900                            20060501                         79.98999786          No MI
          368          Multi Family                                       20360501                                 1260000                            20060601                                  70          No MI
          369          Condominium                                        20360401                                  345000                            20060501                         71.58000183          No MI
          370          Single Family                                      20360401                                  311250                            20060501                                  75          No MI
          371          Multi Family                                       20360501                                  160000                            20060601                                  80          No MI
          372          Single Family                                      20360401                                  294604                            20060501                                  80          No MI
          373          Single Family                                      20360601                                  114000                            20060701                         51.81999969          No MI
          374          Single Family                                      20360501                                  160000                            20060601                         55.16999817          No MI
          375          Single Family                                      20360401                                  364000                            20060501                                  80          No MI
          376          PUD                                                20360401                                  315950                            20060501                         78.69999695          No MI
          377          Single Family                                      20360401                                  266000                            20060501                                  70          No MI
          378          PUD                                                20360401                                  168000                            20060501                                  80          No MI
          379          Condominium                                        20360401                                  292000                            20060501                                  80          No MI
          380          Single Family                                      20360501                                  187500                            20060601                                  75          No MI
          381          Condominium                                        20360401                                  344600                            20060501                                  80          No MI
          382          Multi Family                                       20360401                                  596000                            20060501                         67.73000336          No MI
          383          Single Family                                      20360401                                  112400                            20060501                                  80          No MI
          384          PUD                                                20360401                                  528000                            20060501                                  80          No MI
          385          Single Family                                      20360501                                  314400                            20060601                                  80          No MI
          386          Single Family                                      20360501                                  217600                            20060601                                  80          No MI
          387          Multi Family                                       20360401                                  180800                            20060501                                  80          No MI
          388          PUD                                                20360501                                  513750                            20060601                                  75          No MI
          389          Single Family                                      20360401                                  384000                            20060501                                  80          No MI
          390          Single Family                                      20360501                                  400000                            20060601                         66.12000275          No MI
          391          Single Family                                      20360401                                  168000                            20060501                                  80          No MI
          392          Single Family                                      20360501                                  204000                            20060601                         72.86000061          No MI
          393          Single Family                                      20360401                                  259000                            20060501                         71.94000244          No MI
          394          PUD                                                20360501                                  292950                            20060601                                  80          No MI
          395          Multi Family                                       20360501                                  413000                            20060601                         66.08000183          No MI
          396          Single Family                                      20360401                                  105600                            20060501                                  80          No MI
          397          Multi Family                                       20360401                                  256000                            20060501                                  80          No MI
          398          Condominium                                        20360401                                  144000                            20060501                                  80          No MI
          399          Single Family                                      20360401                                  530000                            20060501                                  53          No MI
          400          Single Family                                      20360501                                  276500                            20060601                                  79          No MI
          401          Multi Family                                       20360501                                  761925                            20060601                                  75          No MI
          402          Multi Family                                       20360401                                  488000                            20060501                                  80          No MI
          403          Single Family                                      20360501                                  100000                            20060601                         68.02999878          No MI
          404          Single Family                                      20360401                                  408000                            20060501                                  80          No MI
          405          Multi Family                                       20360401                                  750000                            20060501                         65.22000122          No MI
          406          Single Family                                      20360301                                  651100                            20060401                         74.06999969          No MI
          407          Multi Family                                       20360601                                  426650                            20060701                                  70          No MI
          408          Single Family                                      20360401                                  250000                            20060501                         56.81999969          No MI
          409          Multi Family                                       20360501                                  889000                            20060601                         66.33999634          No MI
          410          Multi Family                                       20360501                                  504000                            20060601                                  80          No MI
          411          Single Family                                      20360401                                  340000                            20060501                         66.66999817          No MI
          412          Multi Family                                       20360501                                  637000                            20060601                         73.22000122          No MI
          413          Multi Family                                       20210501                                   31350                            20060601                                  90          No MI
          414          Single Family                                      20360401                                  209000                            20060501                                  55          No MI
          415          Single Family                                      20351001                                  230625                            20051101                                  75          No MI
          416          Multi Family                                       20360401                                  408000                            20060501                                  80          No MI
          417          PUD                                                20360501                                  343000                            20060601                                  70          No MI
          418          Single Family                                      20360401                                  360000                            20060501                                  80          No MI
          419          Condominium                                        20360501                                  150000                            20060601                         39.47000122          No MI
          420          Single Family                                      20360501                                  119000                            20060601                                  70          No MI
          421          Single Family                                      20360401                                  338400                            20060501                                  80          No MI
          422          Single Family                                      20360601                                  329250                            20060701                                  75          No MI
          423          Condominium                                        20360301                                  204150                            20060401                         79.98999786          No MI
          424          Multi Family                                       20210501                                   23250                            20060601                                  95          No MI
          425          Single Family                                      20360501                                  110000                            20060601                         30.98999977          No MI
          426          Single Family                                      20360401                                  328000                            20060501                                  80          No MI
          427          Single Family                                      20360401                                  918750                            20060501                                  75          No MI
          428          Single Family                                      20360501                                  199500                            20060601                                  70          No MI
          429          Single Family                                      20360401                                  103600                            20060501                                  70          No MI
          430          Condominium                                        20360401                                  226320                            20060501                                  80          No MI
          431          Multi Family                                       20360601                                  290500                            20060701                                  70          No MI
          432          Multi Family                                       20360401                                  319200                            20060501                                  70          No MI
          433          Single Family                                      20360501                                  347450                            20060601                         79.98999786          No MI
          434          PUD                                                20360401                                  125050                            20060501                         74.98999786          No MI
          435          Condominium                                        20360401                                  298320                            20060501                                  80          No MI
          436          PUD                                                20360501                                  175000                            20060601                                  70          No MI
          437          Multi Family                                       20351201                                  630000                            20060101                                  70          No MI
          438          Single Family                                      20360501                                  384000                            20060601                                  80          No MI
          439          PUD                                                20360501                                  157550                            20060601                         79.98000336          No MI
          440          Single Family                                      20360501                                  308000                            20060601                                  80          No MI
          441          PUD                                                20360401                                  415200                            20060501                                  80          No MI
          442          Single Family                                      20360401                                  253900                            20060501                         79.98999786          No MI
          443          Single Family                                      20360101                                  273750                            20060201                                  75          No MI
          444          Single Family                                      20360401                                  228400                            20060501                                  80          No MI
          445          Single Family                                      20360501                                  448000                            20060601                                  70          No MI
          446          PUD                                                20360501                                  264450                            20060601                         79.98999786          No MI
          447          Single Family                                      20360401                                  364000                            20060501                                  80          No MI
          448          PUD                                                20360501                                  553900                            20060601                         74.98999786          No MI
          449          Single Family                                      20360401                                  575200                            20060501                                  80          No MI
          450          Single Family                                      20360401                                  483000                            20060501                         55.20000076          No MI
          451          Single Family                                      20360401                                  234400                            20060501                                  80          No MI
          452          PUD                                                20360401                                  210000                            20060501                         62.59999847          No MI
          453          Multi Family                                       20360501                                  224000                            20060601                                  80          No MI
          454          Single Family                                      20360401                                 1170000                            20060501                                  65          No MI
          455          Condominium                                        20360501                                  161950                            20060601                         79.98000336          No MI
          456          Single Family                                      20360401                                  368000                            20060501                         79.98999786          No MI
          457          Single Family                                      20360401                                  420000                            20060501                                  80          No MI
          458          Single Family                                      20360401                                  462000                            20060501                         76.11000061          No MI
          459          Multi Family                                       20360201                                  208000                            20060301                         65.81999969          No MI
          460          PUD                                                20360301                                  132000                            20060401                                  80          No MI
          461          PUD                                                20360401                                  642000                            20060501                         69.77999878          No MI
          462          Multi Family                                       20360401                                  431200                            20060501                                  80          No MI
          463          Single Family                                      20360401                                  275000                            20060501                         63.95000076          No MI
          464          Single Family                                      20360401                                  268000                            20060501                         78.81999969          No MI
          465          PUD                                                20360401                                  227500                            20060501                                  70          No MI
          466          Single Family                                      20360301                                  365650                            20060401                         79.98999786          No MI
          467          Single Family                                      20360501                                  236000                            20060601                         73.29000092          No MI
          468          Single Family                                      20360401                                  350700                            20060501                                  70          No MI
          469          PUD                                                20360501                                  138000                            20060601                         43.13000107          No MI
          470          PUD                                                20360501                                  289450                            20060601                         64.40000153          No MI
          471          PUD                                                20360401                                  225000                            20060501                         46.38999939          No MI
          472          Single Family                                      20360401                                  341850                            20060501                         79.98999786          No MI
          473          Single Family                                      20360501                                  348000                            20060601                                  80          No MI
          474          Single Family                                      20360401                                  309400                            20060501                                  70          No MI
          475          Multi Family                                       20360401                                  360000                            20060501                                  80          No MI
          476          Single Family                                      20360301                                  357600                            20060401                                  80          No MI
          477          PUD                                                20360501                                  249600                            20060601                                  80          No MI
          478          Single Family                                      20360501                                  512000                            20060601                         70.13999939          No MI
          479          Single Family                                      20360401                                  154000                            20060501                                  70          No MI
          480          Townhouse                                          20360401                                  127992                            20060501                                  80          No MI
          481          Single Family                                      20360501                                  381600                            20060601                                  80          No MI
          482          Single Family                                      20360301                                  220000                            20060401                         79.70999908          No MI
          483          Single Family                                      20360501                                  644000                            20060601                                  80          No MI
          484          Single Family                                      20360401                                  412500                            20060501                                  75          No MI
          485          PUD                                                20360501                                  190000                            20060601                         34.54999924          No MI
          486          Single Family                                      20360401                                  417000                            20060501                         69.84999847          No MI
          487          PUD                                                20360401                                  516000                            20060501                                  80          No MI
          488          Single Family                                      20360501                                  209925                            20060601                                  75          No MI
          489          Single Family                                      20360401                                  237250                            20060501                                  80          No MI
          490          Single Family                                      20360501                                  371600                            20060601                                  80          No MI
          491          Single Family                                      20360601                                  476000                            20060701                                  80          No MI
          492          Condominium                                        20360401                                  504000                            20060501                                  80          No MI
          493          PUD                                                20360401                                  181200                            20060501                                  80          No MI
          494          PUD                                                20360401                                  520000                            20060501                                  80          No MI
          495          Single Family                                      20360501                                  360000                            20060601                                  80          No MI
          496          Single Family                                      20360301                                  515920                            20060401                                  80          No MI
          497          Multi Family                                       20360501                                  525000                            20060601                                  70          No MI
          498          Single Family                                      20360301                                  256000                            20060401                                  80          No MI
          499          Single Family                                      20360301                                  820000                            20060401                         64.30999756          No MI
          500          PUD                                                20360301                                  250929                            20060401                                  80          No MI
          501          Single Family                                      20360401                                  260000                            20060501                         78.79000092          No MI
          502          Multi Family                                       20360501                                  478400                            20060601                                  80          No MI
          503          Single Family                                      20360401                                  488000                            20060501                                  80          No MI
          504          Single Family                                      20360401                                  360000                            20060501                         51.43000031          No MI
          505          Single Family                                      20360501                                  435900                            20060601                                  80          No MI
          506          Single Family                                      20360401                                  328000                            20060501                                  80          No MI
          507          PUD                                                20210501                                   20000                            20060601                                  95          No MI
          508          Multi Family                                       20360501                                  746250                            20060601                                  75          No MI
          509          PUD                                                20360401                                  194300                            20060501                                  80          No MI
          510          Single Family                                      20360401                                  940000                            20060501                         62.66999817          No MI
          511          Single Family                                      20360501                                  275500                            20060601                                  95          Radian Guaranty
          512          Condominium                                        20360401                                  392000                            20060501                                  80          No MI
          513          Single Family                                      20360401                                  520000                            20060501                                  80          No MI
          514          Condominium                                        20360401                                  337750                            20060501                         65.58000183          No MI
          515          Single Family                                      20360401                                  595000                            20060501                                  70          No MI
          516          Condominium                                        20360401                                  490000                            20060501                                  80          No MI
          517          Single Family                                      20360401                                  220500                            20060501                                  90          Radian Guaranty
          518          Single Family                                      20360401                                  480000                            20060501                                  80          No MI
          519          Single Family                                      20360401                                  376000                            20060501                                  80          No MI
          520          Single Family                                      20360401                                  495400                            20060501                         79.98999786          No MI
          521          Single Family                                      20360401                                  720000                            20060501                                  75          No MI
          522          Single Family                                      20360301                                  209600                            20060401                                  80          No MI
          523          Single Family                                      20360501                                  256000                            20060601                                  80          No MI
          524          Single Family                                      20360501                                  316000                            20060601                                  80          No MI
          525          Multi Family                                       20360401                                  220500                            20060501                                  70          No MI
          526          Single Family                                      20360601                                  424000                            20060701                                  80          No MI
          527          Single Family                                      20360501                                  421400                            20060601                                  70          No MI
          528          Condominium                                        20360201                                  205000                            20060301                         79.76999664          No MI
          529          Multi Family                                       20360401                                  913500                            20060501                         69.19999695          No MI
          530          Single Family                                      20360501                                  256000                            20060601                                  80          No MI
          531          Single Family                                      20360601                                  160000                            20060701                         56.13999939          No MI
          532          Single Family                                      20360601                                  400000                            20060701                                  80          No MI
          533          Single Family                                      20360501                                  418000                            20060601                                  80          No MI
          534          Multi Family                                       20360501                                  615000                            20060601                         72.34999847          No MI
          535          Single Family                                      20360101                                  225000                            20060201                                 100          No MI
          536          Condominium                                        20360101                                   88000                            20060201                                 100          No MI
          537          Single Family                                      20360601                                  602000                            20060701                                  70          No MI
          538          Multi Family                                       20360401                                  400000                            20060501                         60.15000153          No MI
          539          PUD                                                20360501                                  252000                            20060601                                  80          No MI
          540          Townhouse                                          20360201                                   81000                            20060301                                 100          No MI
          541          Single Family                                      20360401                                  480000                            20060501                                  80          No MI
          542          PUD                                                20360401                                  444000                            20060501                                  80          No MI
          543          Multi Family                                       20360401                                  420000                            20060501                                  80          No MI
          544          Multi Family                                       20360301                                  267000                            20060401                         78.52999878          No MI
          545          Single Family                                      20360501                                  347000                            20060601                         69.40000153          No MI
          546          Condominium                                        20360401                                  270300                            20060501                         79.98999786          No MI
          547          Multi Family                                       20360401                                 1125000                            20060501                                  75          No MI
          548          PUD                                                20360501                                  160000                            20060601                         48.72999954          No MI
          549          Single Family                                      20360401                                  280000                            20060501                         48.70000076          No MI
          550          Multi Family                                       20360401                                  608000                            20060501                                  80          No MI
          551          Single Family                                      20360401                                  207200                            20060501                                  80          No MI
          552          Single Family                                      20360501                                  523000                            20060601                         79.23999786          No MI
          553          Single Family                                      20360401                                  237500                            20060501                         79.97000122          No MI
          554          PUD                                                20360201                                  664000                            20060301                                  80          No MI
          555          PUD                                                20360401                                  236000                            20060501                                  80          No MI
          556          Single Family                                      20360501                                  281000                            20060601                         79.83000183          No MI
          557          Single Family                                      20360401                                  270400                            20060501                                  80          No MI
          558          Multi Family                                       20360401                                  439000                            20060501                         54.88000107          No MI
          559          Single Family                                      20360401                                  252000                            20060501                                  80          No MI
          560          Multi Family                                       20360401                                  540000                            20060501                         66.66999817          No MI
          561          Single Family                                      20360401                                  224000                            20060501                                  80          No MI
          562          Multi Family                                       20360401                                 2247000                            20060501                         72.48000336          No MI
          563          Single Family                                      20360401                                  140150                            20060501                                  70          No MI
          564          Single Family                                      20360401                                  388000                            20060501                                  80          No MI
          565          PUD                                                20360501                                  377850                            20060601                         79.98999786          No MI
          566          Multi Family                                       20360401                                  248000                            20060501                                  80          No MI
          567          PUD                                                20360401                                  198740                            20060501                                  75          No MI
          568          Multi Family                                       20360401                                  328125                            20060501                                  75          No MI
          569          Single Family                                      20360501                                  420000                            20060601                                  80          No MI
          570          Single Family                                      20360301                                  520000                            20060401                         78.55000305          No MI
          571          Multi Family                                       20360401                                  350500                            20060501                         77.88999939          No MI
          572          PUD                                                20360201                                  640000                            20060301                                  80          No MI
          573          Single Family                                      20210201                                   57800                            20060301                         94.98999786          No MI
          574          Multi Family                                       20360401                                  645000                            20060501                         66.15000153          No MI
          575          Multi Family                                       20360401                                  160000                            20060501                         16.84000015          No MI
          576          Condominium                                        20360201                                  232000                            20060301                                  80          No MI
          577          Multi Family                                       20360401                                  667000                            20060501                         16.68000031          No MI
          578          Multi Family                                       20360601                                  376000                            20060701                                  80          No MI
          579          Multi Family                                       20360501                                 1005000                            20060601                         55.83000183          No MI
          580          Multi Family                                       20360501                                  368000                            20060601                                  80          No MI
          581          Single Family                                      20360601                                  462000                            20060701                                  70          No MI
          582          PUD                                                20360401                                  691358                            20060501                                  75          No MI
          583          Multi Family                                       20360401                                  335000                            20060501                         74.44000244          No MI
          584          PUD                                                20360401                                  215750                            20060501                                  80          No MI
          585          PUD                                                20360301                                  183750                            20060401                                  75          No MI
          586          Condominium                                        20360601                                  179200                            20060701                         68.52999878          No MI
          587          Multi Family                                       20360401                                  376000                            20060501                                  80          No MI
          588          Single Family                                      20360401                                  417000                            20060501                         64.15000153          No MI
          589          Single Family                                      20360701                                  559920                            20060801                                  80          No MI
          590          Single Family                                      20360401                                  417000                            20060501                         77.58000183          No MI
          591          Single Family                                      20360401                                  208000                            20060501                                  80          No MI
          592          Single Family                                      20360601                                  206250                            20060701                                  75          No MI
          593          Single Family                                      20360401                                  480000                            20060501                                  80          No MI
          594          Condominium                                        20360401                                  137600                            20060501                         78.62999725          No MI
          595          Single Family                                      20360401                                  311900                            20060501                         79.98999786          No MI
          596          Single Family                                      20360601                                  187500                            20060701                                  75          No MI
          597          PUD                                                20360401                                  319200                            20060501                                  80          No MI
          598          Single Family                                      20360401                                  200000                            20060501                                  80          No MI
          599          Single Family                                      20360401                                   67900                            20060501                         79.98000336          No MI
          600          Condominium                                        20360401                                   81600                            20060501                                  80          No MI
          601          Single Family                                      20360401                                  294550                            20060501                         79.98999786          No MI
          602          Single Family                                      20360401                                  101000                            20060501                         79.97000122          No MI
          603          Condominium                                        20360601                                  336000                            20060701                                  80          No MI
          604          Single Family                                      20360601                                  159300                            20060701                                  90          No MI
          605          Single Family                                      20360401                                  795000                            20060501                                79.5          No MI
          606          Multi Family                                       20360701                                  158400                            20060801                                  80          No MI
          607          Single Family                                      20360701                                  119000                            20060801                                  70          No MI
          608          Single Family                                      20360701                                  369550                            20060801                                  95          No MI
          609          PUD                                                20360501                                  224000                            20060601                         78.59999847          No MI
          610          Condominium                                        20360401                                   85000                            20060501                         14.56999969          No MI
          611          PUD                                                20360701                                  280000                            20060801                                  80          No MI
          612          Single Family                                      20210101                                   87000                            20060201                                 100          No MI
          613          Condominium                                        20360501                                  364000                            20060601                                  70          No MI
          614          Single Family                                      20210101                                   78700                            20060201                         99.98000336          No MI
          615          Single Family                                      20360501                                  456000                            20060601                                  80          No MI
          616          Single Family                                      20321101                                  192500                            20021201                         48.13000107          No MI
          617          Single Family                                      20360401                                  345000                            20060501                         71.12999725          No MI
          618          Multi Family                                       20351201                                 2397700                            20060101                         60.54999924          No MI
          619          PUD                                                20360601                                  176100                            20060701                         94.98000336          Radian Guaranty
          620          Multi Family                                       20351201                                  619000                            20060101                         72.40000153          No MI
          621          Single Family                                      20360301                                  210280                            20060401                                  75          No MI
          622          PUD                                                20360501                                  195500                            20060601                         89.98999786          Radian Guaranty
          623          Condominium                                        20360201                                  214221                            20060301                                  80          No MI
          624          Single Family                                      20360301                                  106400                            20060401                                  80          No MI
          625          Multi Family                                       20351201                                 1862900                            20060101                         64.45999908          No MI
          626          PUD                                                20360401                                  265600                            20060501                                  80          No MI
          627          Multi Family                                       20351201                                  445400                            20060101                         68.51999664          No MI
          628          Single Family                                      20360101                                   75000                            20060201                                  90          No MI
          629          Condominium                                        20360401                                  115200                            20060501                                  80          No MI
          630          Single Family                                      20210101                                   64000                            20060201                                  90          No MI
          631          PUD                                                20360301                                  595800                            20060401                                  80          No MI
          632          Single Family                                      20360201                                  161500                            20060301                         64.59999847          No MI
          633          Multi Family                                       20360401                                   80150                            20060501                                  70          No MI
          634          Single Family                                      20360601                                  439920                            20060701                                  80          No MI
          635          Single Family                                      20360601                                  217200                            20060701                                  80          No MI
          636          Multi Family                                       20360401                                  601000                            20060501                         76.55999756          No MI
          637          Multi Family                                       20360401                                  140000                            20060501                                  70          No MI
          638          Multi Family                                       20360501                                  532000                            20060601                                  80          No MI
          639          Multi Family                                       20360601                                  650000                            20060701                         74.29000092          No MI
          640          Single Family                                      20360401                                  221000                            20060501                         62.61000061          No MI
          641          Single Family                                      20360301                                  340000                            20060401                                  80          No MI
          642          Single Family                                      20360501                                  370000                            20060601                               46.25          No MI
          643          Single Family                                      20360501                                  187500                            20060601                         69.44000244          No MI
          644          Multi Family                                       20360501                                  600000                            20060601                         61.54000092          No MI
          645          PUD                                                20360201                                  204000                            20060301                                  80          No MI
          646          Multi Family                                       20360401                                  512000                            20060501                         78.76999664          No MI
          647          Single Family                                      20360201                                  237600                            20060301                                  80          No MI
          648          Condominium                                        20360501                                   98490                            20060601                                  70          No MI
          649          Single Family                                      20360501                                  209900                            20060601                         79.98999786          No MI
          650          Single Family                                      20210101                                   76800                            20060201                                 100          No MI
          651          Condominium                                        20360501                                  130400                            20060601                                  80          No MI
          652          Single Family                                      20360501                                  476000                            20060601                                  80          No MI
          653          Multi Family                                       20360401                                  213500                            20060501                         66.72000122          No MI
          654          Multi Family                                       20360401                                 1770000                            20060501                         35.04999924          No MI
          655          Single Family                                      20360501                                  526500                            20060601                                  75          No MI
          656          Single Family                                      20360501                                  198750                            20060601                                  75          No MI
          657          Condominium                                        20360601                                  154693                            20060701                                  70          No MI
          658          Multi Family                                       20360501                                  227500                            20060601                                  70          No MI
          659          Multi Family                                       20360401                                 1700000                            20060501                         33.65999985          No MI
          660          Single Family                                      20360301                                  384000                            20060401                                  80          No MI
          661          PUD                                                20360501                                  227528                            20060601                                  80          No MI
          662          Single Family                                      20360501                                  269150                            20060601                                  70          No MI
          663          Multi Family                                       20360401                                  217500                            20060501                                  75          No MI
          664          Single Family                                      20360401                                  528000                            20060501                                  80          No MI
          665          PUD                                                20360401                                  318750                            20060501                                  75          No MI
          666          Single Family                                      20360401                                  588000                            20060501                                  80          No MI
          667          Condominium                                        20210401                                   54195                            20060501                                  95          No MI
          668          Multi Family                                       20360401                                  352000                            20060501                                  80          No MI
          669          Multi Family                                       20360201                                  618750                            20060301                                  75          No MI
          670          Single Family                                      20360601                                  520000                            20060701                                  80          No MI
          671          Single Family                                      20360601                                  176500                            20060701                         65.37000275          No MI
          672          PUD                                                20360501                                  196850                            20060601                         89.98000336          Republic MIC
          673          Multi Family                                       20360501                                  206500                            20060601                                  70          No MI
          674          Single Family                                      20360601                                  365000                            20060701                         57.93999863          No MI
          675          Multi Family                                       20360601                                 1570000                            20060701                         47.58000183          No MI
          676          Multi Family                                       20360401                                  216750                            20060501                               63.75          No MI
          677          PUD                                                20360501                                  386800                            20060601                                  80          No MI
          678          Multi Family                                       20360501                                  856000                            20060601                                  80          No MI
          679          Multi Family                                       20360401                                  472500                            20060501                                  70          No MI
          680          Single Family                                      20360601                                  268000                            20060701                                  80          No MI
          681          Single Family                                      20360601                                  284000                            20060701                                  80          No MI
          682          Condominium                                        20360401                                  115400                            20060501                         69.98000336          No MI
          683          Condominium                                        20360401                                  145000                            20060501                         52.72999954          No MI
          684          Single Family                                      20360701                                  118400                            20060801                                  80          No MI
          685          Single Family                                      20201001                                   75000                            20051101                                 100          No MI
          686          Condominium                                        20360401                                  167200                            20060501                                  80          No MI
          687          PUD                                                20360401                                  608300                            20060501                                  70          No MI
          688          Single Family                                      20360601                                  396750                            20060701                                  75          No MI
          689          Single Family                                      20201001                                  150000                            20051101                         98.80999756          No MI
          690          Single Family                                      20360401                                  352000                            20060501                                  80          No MI
          691          Multi Family                                       20360601                                  238000                            20060701                                  70          No MI
          692          PUD                                                20360401                                  225550                            20060501                         79.98999786          No MI
          693          Single Family                                      20360601                                  472500                            20060701                                  75          No MI
          694          Single Family                                      20360401                                  256000                            20060501                                  80          No MI
          695          Single Family                                      20360401                                  136100                            20060501                         79.58999634          No MI
          696          Single Family                                      20360501                                  324000                            20060601                                  72          No MI
          697          Single Family                                      20360601                                  513750                            20060701                                  75          No MI
          698          Single Family                                      20360401                                  169840                            20060501                                  80          No MI
          699          Single Family                                      20360601                                  120000                            20060701                                  80          No MI
          700          PUD                                                20360501                                  441450                            20060601                                  90          Radian Guaranty
          701          Single Family                                      20360401                                  444000                            20060501                                  80          No MI
          702          Single Family                                      20360701                                  251250                            20060801                                  75          No MI
          703          Condominium                                        20360401                                  142800                            20060501                         79.98000336          No MI
          704          Multi Family                                       20360401                                  576000                            20060501                                  80          No MI
          705          PUD                                                20360601                                  178400                            20060701                         79.98000336          No MI
          706          Condominium                                        20360401                                  136500                            20060501                                  70          No MI
          707          Multi Family                                       20200901                                   90180                            20051001                                 100          No MI
          708          Multi Family                                       20360701                                  136000                            20060801                                  80          No MI
          709          Multi Family                                       20360501                                  415100                            20060601                                  70          No MI
          710          Single Family                                      20360701                                  167400                            20060801                                  90          No MI
          711          Single Family                                      20360401                                  303500                            20060501                         74.01999664          No MI
          712          Multi Family                                       20360401                                  367500                            20060501                                  70          No MI
          713          Condominium                                        20360401                                  600000                            20060501                                  80          No MI
          714          PUD                                                20360501                                  106295                            20060601                                  70          No MI
          715          Single Family                                      20360401                                  180000                            20060501                                  80          No MI
          716          Single Family                                      20210401                                   32700                            20060501                                  95          No MI
          717          Condominium                                        20360401                                  116800                            20060501                         69.98000336          No MI
          718          Single Family                                      20360701                                  189350                            20060801                         74.98999786          No MI
          719          Single Family                                      20360601                                  472500                            20060701                                  75          No MI
          720          Single Family                                      20360701                                  192500                            20060801                                  70          No MI
          721          Single Family                                      20200901                                   25000                            20051001                                 100          No MI
          722          Single Family                                      20360401                                  399200                            20060501                                  80          No MI
          723          Multi Family                                       20360501                                  124600                            20060601                                  70          No MI
          724          Multi Family                                       20360501                                   72150                            20060601                         74.37999725          No MI
          725          Single Family                                      20360601                                  222750                            20060701                                  75          No MI
          726          PUD                                                20360701                                  277600                            20060801                                  80          No MI
          727          Single Family                                      20360701                                  285600                            20060801                                  80          No MI
          728          Single Family                                      20360701                                   86250                            20060801                                  75          No MI
          729          Single Family                                      20201001                                   25800                            20051101                                 100          No MI
          730          Multi Family                                       20360501                                  252000                            20060601                                  70          No MI
          731          Single Family                                      20360401                                  206400                            20060501                                  80          No MI
          732          Single Family                                      20360501                                  240000                            20060601                                  80          No MI
          733          Single Family                                      20360401                                  212000                            20060501                                  80          No MI
          734          PUD                                                20360601                                  144000                            20060701                                  80          No MI
          735          Single Family                                      20360301                                  278000                            20060401                         79.43000031          No MI
          736          Multi Family                                       20360401                                  380000                            20060501                                  80          No MI
          737          Condominium                                        20360401                                  166400                            20060501                                  80          No MI
          738          PUD                                                20360501                                  444450                            20060601                         79.98999786          No MI
          739          PUD                                                20360501                                  159900                            20060601                         79.98000336          No MI
          740          Condominium                                        20360401                                  316000                            20060501                                  80          No MI
          741          Multi Family                                       20360301                                  256800                            20060401                                  80          No MI
          742          PUD                                                20360401                                  227200                            20060501                                  80          No MI
          743          Single Family                                      20360201                                  363150                            20060301                         79.98999786          No MI
          744          PUD                                                20210201                                  112500                            20060301                                 100          No MI
          745          Single Family                                      20360401                                  377000                            20060501                         70.47000122          No MI
          746          Multi Family                                       20360401                                  255000                            20060501                                  75          No MI
          747          Single Family                                      20210401                                   22500                            20060501                                  90          No MI
          748          PUD                                                20360401                                  320000                            20060501                                  80          No MI
          749          Single Family                                      20210101                                   27800                            20060201                                 100          No MI
          750          Single Family                                      20360401                                  284200                            20060501                                  80          No MI
          751          Single Family                                      20360501                                 1000000                            20060601                                62.5          No MI
          752          Single Family                                      20360401                                  316650                            20060501                                  80          No MI
          753          Condominium                                        20360501                                  125175                            20060601                                  75          No MI
          754          Single Family                                      20210101                                  103200                            20060201                                 100          No MI
          755          Condominium                                        20360301                                  143850                            20060401                                  70          No MI
          756          Condominium                                        20210101                                   60000                            20060201                                 100          No MI
          757          Single Family                                      20360501                                  180000                            20060601                                  80          No MI
          758          PUD                                                20360401                                  220000                            20060501                                  80          No MI
          759          Single Family                                      20250901                                   56106                            20051001                                 100          No MI
          760          Single Family                                      20360401                                  345000                            20060501                         71.80000305          No MI
          761          PUD                                                20360401                                  450000                            20060501                                  75          No MI
          762          PUD                                                20360401                                  488000                            20060501                                  80          No MI
          763          Single Family                                      20210201                                   53000                            20060301                                 100          No MI
          764          Condominium                                        20360201                                  213592                            20060301                                  80          No MI
          765          Condominium                                        20360601                                  140600                            20060701                         69.98999786          No MI
          766          Multi Family                                       20360401                                  478400                            20060501                                  80          No MI
          767          Condominium                                        20360401                                  122320                            20060501                                  80          No MI
          768          Single Family                                      20360201                                   56700                            20060301                                  95          No MI
          769          Condominium                                        20360401                                  299600                            20060501                                  70          No MI
          770          Condominium                                        20360401                                  158350                            20060501                         79.98000336          No MI
          771          Condominium                                        20360401                                  121000                            20060501                         77.73999786          No MI
          772          PUD                                                20360401                                  194750                            20060501                         79.98000336          No MI
          773          Multi Family                                       20360301                                  183200                            20060401                                  80          No MI
          774          Condominium                                        20360401                                  340000                            20060501                                  80          No MI
          775          Single Family                                      20360401                                  220500                            20060501                                  70          No MI
          776          Single Family                                      20360401                                  384000                            20060501                                  80          No MI
          777          PUD                                                20360401                                  184000                            20060501                                  80          No MI
          778          Multi Family                                       20260201                                  149000                            20060301                                 100          No MI
          779          Multi Family                                       20360501                                  520000                            20060601                                  80          No MI
          780          Single Family                                      20360401                                  416250                            20060501                                  75          No MI
          781          Condominium                                        20360401                                  141592                            20060501                                  80          No MI
          782          Single Family                                      20360401                                  400000                            20060501                                  80          No MI
          783          Single Family                                      20360401                                  320000                            20060501                                  80          No MI
          784          Single Family                                      20360501                                  283400                            20060601                                  90          Radian Guaranty
          785          PUD                                                20360401                                  843750                            20060501                                  75          No MI
          786          Single Family                                      20360301                                   76000                            20060401                         89.94000244          No MI
          787          Single Family                                      20360401                                  457500                            20060501                                  75          No MI
          788          Single Family                                      20360301                                  272000                            20060401                                  80          No MI
          789          Condominium                                        20360401                                  128200                            20060501                         64.98000336          No MI
          790          PUD                                                20360401                                  252619                            20060501                                  80          No MI
          791          Condominium                                        20210401                                   42700                            20060501                         94.98000336          No MI
          792          Single Family                                      20360501                                  335550                            20060601                         94.98999786          Radian Guaranty
          793          PUD                                                20210101                                   46200                            20060201                         94.80999756          No MI
          794          Single Family                                      20360401                                  196000                            20060501                                  80          No MI
          795          PUD                                                20360401                                  190900                            20060501                                  80          No MI
          796          Single Family                                      20360401                                  240000                            20060501                                  80          No MI
          797          Single Family                                      20360401                                  400000                            20060501                                  80          No MI
          798          Multi Family                                       20210101                                  108094                            20060201                                 100          No MI
          799          PUD                                                20360301                                  750000                            20060401                         77.40000153          No MI
          800          Single Family                                      20360401                                  276000                            20060501                                  80          No MI
          801          Single Family                                      20360301                                  596000                            20060401                                  80          No MI
          802          Single Family                                      20360401                                  252000                            20060501                                  80          No MI
          803          PUD                                                20201201                                   77050                            20060101                                 100          No MI
          804          Single Family                                      20360401                                  208500                            20060501                                  75          No MI
          805          Single Family                                      20360401                                  252000                            20060501                                  80          No MI
          806          Single Family                                      20360401                                  123600                            20060501                                  80          No MI
          807          Single Family                                      20360401                                  360000                            20060501                                  80          No MI
          808          PUD                                                20360401                                  544700                            20060501                                  80          No MI
          809          Condominium                                        20360601                                  206900                            20060701                                  90          No MI
          810          Single Family                                      20360301                                  196000                            20060401                                  80          No MI
          811          Single Family                                      20360501                                  270350                            20060601                         74.98999786          No MI
          812          Single Family                                      20360401                                  123000                            20060501                         58.56999969          No MI
          813          PUD                                                20210101                                   48900                            20060201                                  95          No MI
          814          Multi Family                                       20360401                                  581250                            20060501                                  75          No MI
          815          PUD                                                20360401                                  328000                            20060501                                  80          No MI
          816          Single Family                                      20360401                                  264000                            20060501                                  80          No MI
          817          Single Family                                      20210101                                  100000                            20060201                         89.48999786          No MI
          818          PUD                                                20251201                                  107000                            20060101                                 100          No MI
          819          Condominium                                        20360401                                   92400                            20060501                                  70          No MI
          820          Condominium                                        20360501                                  200000                            20060601                                  70          No MI
          821          Single Family                                      20360401                                  430000                            20060501                         43.88000107          No MI
          822          Single Family                                      20360401                                  274016                            20060501                                  80          No MI
          823          Single Family                                      20360501                                  650000                            20060601                         78.79000092          No MI
          824          Single Family                                      20201201                                   28800                            20060101                                  90          No MI
          825          Single Family                                      20210201                                  174000                            20060301                                  90          No MI
          826          PUD                                                20360101                                   26000                            20060201                         85.41999817          No MI
          827          Single Family                                      20210101                                   27000                            20060201                                  95          No MI
          828          PUD                                                20360306                                  676000                            20060406                         81.34999847          Radian Guaranty
          829          Single Family                                      20360101                                  155000                            20060201                                 100          No MI
          830          Single Family                                      20360201                                  436500                            20060301                         79.36000061          No MI
          831          Single Family                                      20360224                                  132640                            20060324                                  80          No MI
          832          Single Family                                      20210201                                  116800                            20060301                         99.59999847          No MI
          833          Multi Family                                       20360501                                  393750                            20060601                                  75          No MI
          834          Multi Family                                       20210201                                   66000                            20060301                                 100          No MI
          835          PUD                                                20360501                                  411200                            20060601                                  80          No MI
          836          Single Family                                      20210101                                   28950                            20060201                         99.97000122          No MI
          837          Condominium                                        20360401                                  123900                            20060501                         79.98999786          No MI
          838          Condominium                                        20360401                                  417000                            20060501                         74.45999908          No MI
          839          Single Family                                      20360501                                  390000                            20060601                         62.40000153          No MI
          840          Condominium                                        20210401                                   23200                            20060501                         94.95999908          No MI
          841          Condominium                                        20360401                                  380000                            20060501                                  80          No MI
          842          PUD                                                20360401                                 1105000                            20060501                         63.13999939          No MI
          843          Condominium                                        20360301                                  153044                            20060401                                  80          No MI
          844          Single Family                                      20360301                                  210000                            20060401                         73.68000031          No MI
          845          Multi Family                                       20210201                                   76000                            20060301                                 100          No MI
          846          Single Family                                      20360101                                  185550                            20060201                                  75          No MI
          847          Single Family                                      20360501                                 1422000                            20060601                         60.50999832          No MI
          848          Single Family                                      20360501                                  232330                            20060601                                  70          No MI
          849          Single Family                                      20210201                                   93750                            20060301                                  90          No MI
          850          PUD                                                20360501                                  419600                            20060601                         79.98999786          No MI
          851          Single Family                                      20360501                                  436000                            20060601                                  80          No MI
          852          Single Family                                      20360201                                   39600                            20060301                                  90          No MI
          853          Condominium                                        20360301                                  136750                            20060401                         79.98000336          No MI
          854          PUD                                                20360501                                  187600                            20060601                         69.73999786          No MI
          855          Condominium                                        20210201                                   95800                            20060301                                 100          No MI
          856          Single Family                                      20360401                                  170000                            20060501                         57.63000107          No MI
          857          Condominium                                        20360501                                  217000                            20060601                                  70          No MI
          858          Single Family                                      20210201                                   45867                            20060301                                 100          No MI
          859          Single Family                                      20360401                                  510400                            20060501                                  80          No MI
          860          Single Family                                      20210201                                   42600                            20060301                                 100          No MI
          861          Single Family                                      20360501                                  301600                            20060601                                  80          No MI
          862          Single Family                                      20360301                                  480000                            20060401                                  75          No MI
          863          PUD                                                20360501                                  166500                            20060601                         79.98999786          No MI
          864          Single Family                                      20210201                                   36000                            20060301                                  90          No MI
          865          Single Family                                      20360401                                  440000                            20060501                                  80          No MI
          866          Condominium                                        20360601                                  223120                            20060701                                  80          No MI
          867          Single Family                                      20360501                                  616000                            20060601                                  70          No MI
          868          Single Family                                      20360301                                  448000                            20060401                                  80          No MI
          869          Single Family                                      20360401                                   54000                            20060501                                  80          No MI
          870          Single Family                                      20210201                                   50000                            20060301                         89.16999817          No MI
          871          Single Family                                      20360401                                  132000                            20060501                         77.65000153          No MI
          872          Single Family                                      20360401                                  354000                            20060501                                  80          No MI
          873          Single Family                                      20360301                                  252000                            20060401                                  80          No MI
          874          PUD                                                20360501                                  295404                            20060601                                  80          No MI
          875          Single Family                                      20360601                                  401250                            20060701                                  75          No MI
          876          Single Family                                      20210201                                  102250                            20060301                                 100          No MI
          877          Single Family                                      20360501                                  513750                            20060601                                  75          No MI
          878          Multi Family                                       20210201                                   70000                            20060301                                 100          No MI
          879          Single Family                                      20360501                                  162750                            20060601                         74.72000122          No MI
          880          Single Family                                      20210201                                  116400                            20060301                                 100          No MI
          881          Multi Family                                       20360501                                  460000                            20060601                                  80          No MI
          882          Single Family                                      20360401                                  117600                            20060501                                  80          No MI
          883          Single Family                                      20360201                                   51600                            20060301                                 100          No MI
          884          Single Family                                      20360501                                  270000                            20060601                                  75          No MI
          885          PUD                                                20360401                                  460000                            20060501                                  80          No MI
          886          Single Family                                      20210201                                   92000                            20060301                                 100          No MI
          887          PUD                                                20360401                                  440590                            20060501                                  80          No MI
          888          Multi Family                                       20210201                                   51750                            20060301                                  95          No MI
          889          Condominium                                        20360501                                  262500                            20060601                                  70          No MI
          890          PUD                                                20360301                                  191920                            20060401                                  80          No MI
          891          Condominium                                        20210201                                   29650                            20060301                         94.97000122          No MI
          892          Condominium                                        20360601                                  285000                            20060701                                  75          No MI
          893          Multi Family                                       20360601                                 1975000                            20060701                         57.91999817          No MI
          894          Multi Family                                       20360601                                  648750                            20060701                                  75          No MI
          895          Condominium                                        20360501                                  375050                            20060601                         94.98999786          Republic MIC
          896          Condominium                                        20360401                                  329750                            20060501                         79.98999786          No MI
          897          Multi Family                                       20360401                                  731000                            20060501                         76.94999695          No MI
          898          Single Family                                      20360601                                  413000                            20060701                                  70          No MI
          899          PUD                                                20210301                                   28000                            20060401                                  95          No MI
          900          Multi Family                                       20360401                                 2925000                            20060501                                  75          No MI
          901          Single Family                                      20360301                                  100000                            20060401                         33.77999878          No MI
          902          Single Family                                      20360401                                  196000                            20060501                                  70          No MI
          903          Multi Family                                       20360401                                 3330000                            20060501                         65.29000092          No MI
          904          Multi Family                                       20360501                                  404000                            20060601                                  80          No MI
          905          Multi Family                                       20360401                                  500000                            20060501                         58.61999893          No MI
          906          Multi Family                                       20360401                                  293000                            20060501                         77.11000061          No MI
          907          Condominium                                        20360301                                  145600                            20060401                                  80          No MI
          908          Single Family                                      20360601                                  173812                            20060701                                  75          No MI
          909          Multi Family                                       20360401                                  246400                            20060501                                  80          No MI
          910          Single Family                                      20360601                                  441750                            20060701                                  75          No MI
          911          Condominium                                        20360401                                  372800                            20060501                                  80          No MI
          912          Multi Family                                       20360401                                 1000000                            20060501                         51.02000046          No MI
          913          Single Family                                      20360401                                  496000                            20060501                                  80          No MI
          914          Single Family                                      20360601                                  478400                            20060701                                  80          No MI
          915          Multi Family                                       20360401                                 6075000                            20060501                         74.08999634          No MI
          916          Single Family                                      20360401                                  381500                            20060501                                  70          No MI
          917          Single Family                                      20360301                                  429000                            20060401                                  75          No MI
          918          PUD                                                20360301                                  287550                            20060401                         79.98999786          No MI
          919          Single Family                                      20360301                                  235200                            20060401                                  80          No MI
          920          Single Family                                      20360301                                   88000                            20060401                                  80          No MI
          921          Condominium                                        20360301                                   93200                            20060401                                  80          No MI
          922          Single Family                                      20360301                                  162400                            20060401                                  80          No MI
          923          Condominium                                        20360301                                  192000                            20060401                                  80          No MI
          924          Single Family                                      20360301                                  127200                            20060401                                  80          No MI
          925          Single Family                                      20360401                                  284000                            20060501                                  80          No MI
          926          Condominium                                        20360301                                  225600                            20060401                                  80          No MI
          927          Single Family                                      20360201                                  112750                            20060301                         79.98999786          No MI
          928          Single Family                                      20360301                                  440000                            20060401                                  80          No MI
          929          Single Family                                      20360301                                  284000                            20060401                                  80          No MI
          930          Condominium                                        20360301                                  248000                            20060401                                  80          No MI
          931          Single Family                                      20360301                                  175200                            20060401                                  80          No MI
          932          Condominium                                        20360301                                  252050                            20060401                         79.98999786          No MI
          933          Single Family                                      20360501                                  746250                            20060601                                  75          No MI
          934          Single Family                                      20360601                                  204000                            20060701                                  80          No MI
          935          Single Family                                      20210101                                   57300                            20060201                                 100          No MI
          936          Single Family                                      20201201                                  110000                            20060101                                 100          No MI
          937          Single Family                                      20360501                                  396000                            20060601                                  80          No MI
          938          Single Family                                      20360401                                  275200                            20060501                                  80          No MI
          939          Townhouse                                          20360401                                  292000                            20060501                                  80          No MI
          940          Single Family                                      20360301                                  131900                            20060401                         79.98999786          No MI
          941          Single Family                                      20360301                                  184000                            20060401                                  80          No MI
          942          Single Family                                      20360301                                  226400                            20060401                                  80          No MI
          943          Single Family                                      20360301                                  200000                            20060401                                  80          No MI
          944          Single Family                                      20360301                                  280000                            20060401                                  80          No MI
          945          Single Family                                      20360401                                  353500                            20060501                                  70          No MI
          946          Single Family                                      20360401                                  325600                            20060501                                  80          No MI
          947          Multi Family                                       20360401                                  619500                            20060501                                  70          No MI
          948          Single Family                                      20360401                                  204000                            20060501                                  80          No MI
          949          Single Family                                      20360501                                  372550                            20060601                         94.98999786          Radian Guaranty
          950          Single Family                                      20360501                                  225000                            20060601                                  45          No MI
          951          Single Family                                      20360401                                  240000                            20060501                                  75          No MI
          952          Condominium                                        20360501                                  252000                            20060601                                  80          No MI
          953          Single Family                                      20351201                                  508000                            20060101                                  80          No MI
          954          PUD                                                20351201                                  308000                            20060101                                  80          No MI
          955          PUD                                                20360501                                  134000                            20060601                         79.76000214          No MI
          956          Single Family                                      20360601                                  245000                            20060701                                  70          No MI
          957          PUD                                                20360301                                  209500                            20060401                         69.83000183          No MI
          958          PUD                                                20360301                                  417000                            20060401                         79.43000031          No MI
          959          Condominium                                        20360301                                  117600                            20060401                                  80          No MI
          960          Condominium                                        20360301                                  172000                            20060401                                  80          No MI
          961          Multi Family                                       20360301                                  113750                            20060401                                  65          No MI
          962          Multi Family                                       20360301                                  336000                            20060401                                  80          No MI
          963          Single Family                                      20351101                                  308000                            20051201                                  80          No MI
          964          Single Family                                      20360401                                  444000                            20060501                                  80          No MI
          965          Condominium                                        20360501                                  356000                            20060601                                  80          No MI
          966          Condominium                                        20351001                                  120000                            20051101                                  80          No MI
          967          Single Family                                      20360101                                  215530                            20060201                                  70          No MI
          968          Single Family                                      20350801                                  168518                            20050901                                  63          No MI
          969          PUD                                                20360401                                  455000                            20060501                                  70          No MI
          970          PUD                                                20360401                                  260000                            20060501                                  80          No MI
          971          Single Family                                      20350901                                  159600                            20051001                                  80          No MI
          972          Single Family                                      20350901                                  188000                            20051001                                  80          No MI
          973          Single Family                                      20360401                                  525000                            20060501                                  75          No MI
          974          Condominium                                        20360501                                  122000                            20060601                                  80          No MI
          975          PUD                                                20350901                                  142400                            20051001                         79.98999786          No MI
          976          Single Family                                      20360401                                  588000                            20060501                                  70          No MI
          977          Single Family                                      20360301                                  380800                            20060401                                  80          No MI
          978          Multi Family                                       20360301                                  435500                            20060401                         73.19000244          No MI
          979          Condominium                                        20360301                                  280000                            20060401                                  80          No MI
          980          Single Family                                      20360401                                  340000                            20060501                                  80          No MI
          981          Single Family                                      20360401                                  144000                            20060501                                  80          No MI
          982          Single Family                                      20360401                                  688000                            20060501                                  80          No MI
          983          Single Family                                      20360301                                  680000                            20060401                         79.52999878          No MI
          984          Single Family                                      20360501                                  504000                            20060601                                  80          No MI
          985          Single Family                                      20360401                                  153750                            20060501                                  75          No MI
          986          PUD                                                20360501                                  268000                            20060601                         79.76000214          No MI
          987          Condominium                                        20360301                                  193640                            20060401                                  80          No MI
          988          Condominium                                        20360501                                  302700                            20060601                         79.98999786          No MI
          989          Single Family                                      20360401                                  688000                            20060501                                  80          No MI
          990          PUD                                                20360401                                  448000                            20060501                                  80          No MI
          991          Single Family                                      20360401                                  236000                            20060501                                  80          No MI
          992          Single Family                                      20360401                                  148000                            20060501                                  80          No MI
          993          Condominium                                        20350901                                  114400                            20051001                         72.41000366          No MI
          994          Single Family                                      20350901                                  105600                            20051001                                  80          No MI
          995          Condominium                                        20351101                                  163100                            20051201                         79.98999786          No MI
          996          Single Family                                      20360401                                  158400                            20060501                                  80          No MI
          997          Single Family                                      20201201                                   62000                            20060101                                 100          No MI
          998          Single Family                                      20201201                                   38000                            20060101                                 100          No MI
          999          Multi Family                                       20360401                                  448000                            20060501                         66.37000275          No MI
         1000          Single Family                                      20360401                                  195000                            20060501                                  75          No MI
         1001          Single Family                                      20201201                                  123000                            20060101                                 100          No MI
         1002          PUD                                                20360501                                  409890                            20060601                                  80          No MI
         1003          Single Family                                      20360501                                  520000                            20060601                                  80          No MI
         1004          Condominium                                        20351201                                  102500                            20060101                                 100          No MI
         1005          Single Family                                      20360401                                  388000                            20060501                                  80          No MI
         1006          Condominium                                        20360401                                  152000                            20060501                                  80          No MI
         1007          Single Family                                      20360301                                  392000                            20060401                                  80          No MI
         1008          Condominium                                        20360501                                  310950                            20060601                         79.98999786          No MI
         1009          Single Family                                      20351101                                  346400                            20051201                                  80          No MI
         1010          Single Family                                      20360401                                  262500                            20060501                         72.91999817          No MI
         1011          Single Family                                      20360501                                  460000                            20060601                                  80          No MI
         1012          Condominium                                        20360501                                  245000                            20060601                                  80          No MI
         1013          Multi Family                                       20360401                                  570000                            20060501                                  75          No MI
         1014          Condominium                                        20360401                                  419200                            20060501                                  80          No MI
         1015          Single Family                                      20360401                                  737000                            20060501                         77.58000183          No MI
         1016          PUD                                                20360501                                  191250                            20060601                                  90          No MI
         1017          Condominium                                        20360501                                  138972                            20060601                                  75          No MI
         1018          Single Family                                      20360401                                  338400                            20060501                                  80          No MI
         1019          Single Family                                      20360301                                  380000                            20060401                                  80          No MI
         1020          Single Family                                      20360401                                  326400                            20060501                         79.94000244          No MI
         1021          PUD                                                20360401                                  296000                            20060501                                  80          No MI
         1022          Multi Family                                       20360401                                  520000                            20060501                         77.61000061          No MI
         1023          Single Family                                      20360301                                  328000                            20060401                                  80          No MI
         1024          Multi Family                                       20360401                                  401250                            20060501                         74.95999908          No MI
         1025          Multi Family                                       20360501                                  487900                            20060601                                  70          No MI
         1026          Single Family                                      20360401                                  392000                            20060501                                  80          No MI
         1027          Single Family                                      20360401                                  216000                            20060501                                  80          No MI
         1028          Condominium                                        20360401                                  306000                            20060501                                  90          Radian Guaranty
         1029          Condominium                                        20360401                                  259250                            20060501                         64.98999786          No MI
         1030          PUD                                                20360501                                  405000                            20060601                                  75          No MI
         1031          Condominium                                        20360501                                  299200                            20060601                                  80          No MI
         1032          Single Family                                      20360501                                  768000                            20060601                                  80          No MI
         1033          Single Family                                      20360401                                  196000                            20060501                                  80          No MI
         1034          Single Family                                      20360501                                  340000                            20060601                                  80          No MI
         1035          Multi Family                                       20360501                                   81250                            20060601                                  65          No MI
         1036          Single Family                                      20360401                                  244000                            20060501                                  80          No MI
         1037          Single Family                                      20360501                                  408000                            20060601                                  80          No MI
         1038          Condominium                                        20360501                                   99200                            20060601                                  80          No MI
         1039          PUD                                                20360401                                  585200                            20060501                         69.98999786          No MI
         1040          Single Family                                      20360501                                  171750                            20060601                                  75          No MI
         1041          Condominium                                        20360601                                  112300                            20060701                         79.98999786          No MI
         1042          Multi Family                                       20360401                                  340000                            20060501                         52.31000137          No MI
         1043          Multi Family                                       20360501                                  343000                            20060601                         54.88000107          No MI
         1044          Condominium                                        20360501                                  600000                            20060601                                  75          No MI
         1045          PUD                                                20360401                                  224000                            20060501                         47.15999985          No MI
         1046          Condominium                                        20360401                                  273150                            20060501                                  80          No MI
         1047          Condominium                                        20360401                                  101350                            20060501                         73.98000336          No MI
         1048          Condominium                                        20360501                                  255500                            20060601                                  70          No MI
         1049          Multi Family                                       20360601                                  165000                            20060701                         26.39999962          No MI
         1050          Single Family                                      20360501                                  300000                            20060601                         52.63000107          No MI
         1051          Condominium                                        20360401                                  272000                            20060501                                  80          No MI
         1052          Condominium                                        20360501                                  258750                            20060601                                  75          No MI
         1053          Multi Family                                       20360401                                  521250                            20060501                                  75          No MI
         1054          Single Family                                      20360401                                  372000                            20060501                                  80          No MI
         1055          Condominium                                        20360501                                  623000                            20060601                                  70          No MI
         1056          Condominium                                        20360501                                  591184                            20060601                                  80          No MI
         1057          Single Family                                      20360401                                  373000                            20060501                         79.36000061          No MI
         1058          Single Family                                      20360401                                  327100                            20060501                                  80          No MI
         1059          Single Family                                      20360401                                  432000                            20060501                                  80          No MI
         1060          Condominium                                        20360601                                  267700                            20060701                         79.98999786          No MI
         1061          Single Family                                      20360401                                  137000                            20060501                         57.08000183          No MI
         1062          Single Family                                      20360401                                  280800                            20060501                         79.98999786          No MI
         1063          Single Family                                      20360401                                  235900                            20060501                         79.98999786          No MI
         1064          Single Family                                      20360401                                  168900                            20060501                         79.98999786          No MI
         1065          PUD                                                20360401                                  193500                            20060501                                  90          No MI
         1066          Single Family                                      20360501                                  330000                            20060601                         57.88999939          No MI
         1067          PUD                                                20360501                                  441000                            20060601                                  70          No MI
         1068          Single Family                                      20360401                                  396000                            20060501                                  80          No MI
         1069          Single Family                                      20360401                                 1470000                            20060501                                  70          No MI
         1070          Single Family                                      20360401                                  234500                            20060501                                  70          No MI
         1071          Single Family                                      20360401                                  244000                            20060501                                  80          No MI
         1072          Single Family                                      20360201                                  113600                            20060301                                  80          No MI
         1073          Single Family                                      20360401                                  188000                            20060501                                  80          No MI
         1074          Single Family                                      20360401                                  405000                            20060501                                  90          Radian Guaranty
         1075          Single Family                                      20360401                                  733350                            20060501                                  75          No MI
         1076          Single Family                                      20360501                                  383900                            20060601                                  80          No MI
         1077          Single Family                                      20360301                                  107900                            20060401                         79.98999786          No MI
         1078          Multi Family                                       20360501                                  360000                            20060601                                  80          No MI
         1079          Condominium                                        20360501                                  479998                            20060601                                  80          No MI
         1080          Single Family                                      20360301                                  107900                            20060401                         79.98999786          No MI
         1081          Single Family                                      20360401                                  465000                            20060501                         65.48999786          No MI
         1082          Condominium                                        20360401                                  125910                            20060501                                  90          No MI
         1083          Condominium                                        20360501                                  170300                            20060601                         79.98999786          No MI
         1084          Single Family                                      20360401                                  220500                            20060501                         64.84999847          No MI
         1085          Single Family                                      20360401                                  352500                            20060501                                  75          No MI
         1086          Multi Family                                       20360401                                  350000                            20060501                         46.66999817          No MI
         1087          Single Family                                      20360401                                  580800                            20060501                                  80          No MI
         1088          Single Family                                      20360501                                  210000                            20060601                                  70          No MI
         1089          Single Family                                      20360401                                  360000                            20060501                                  80          No MI
         1090          Single Family                                      20210501                                   20000                            20060601                                  95          No MI
         1091          Single Family                                      20360301                                  104000                            20060401                                  80          No MI
         1092          Single Family                                      20360301                                   84000                            20060401                                  80          No MI
         1093          Single Family                                      20360301                                  107000                            20060401                         79.97000122          No MI
         1094          Single Family                                      20360301                                  168000                            20060401                                  80          No MI
         1095          Single Family                                      20360301                                  101600                            20060401                                  80          No MI
         1096          Single Family                                      20360301                                  122000                            20060401                                  80          No MI
         1097          Multi Family                                       20360201                                   80000                            20060301                                  80          No MI
         1098          Multi Family                                       20360301                                  146000                            20060401                                  80          No MI
         1099          Townhouse                                          20360301                                  279200                            20060401                                  80          No MI
         1100          Single Family                                      20360301                                  209600                            20060401                                  80          No MI
         1101          Single Family                                      20360301                                  264700                            20060401                         79.98999786          No MI
         1102          Townhouse                                          20360301                                  356000                            20060401                                  80          No MI
         1103          Single Family                                      20360301                                  220000                            20060401                                  80          No MI
         1104          Single Family                                      20360301                                  332000                            20060401                         76.31999969          No MI
         1105          Townhouse                                          20360301                                  411900                            20060401                                  80          No MI
         1106          Townhouse                                          20360301                                  185200                            20060401                                  80          No MI
         1107          Townhouse                                          20360301                                  237200                            20060401                                  80          No MI
         1108          Townhouse                                          20360301                                  199600                            20060401                                  80          No MI
         1109          Single Family                                      20360301                                  346400                            20060401                                  80          No MI
         1110          Single Family                                      20360301                                  300800                            20060401                                  80          No MI
         1111          Single Family                                      20360301                                  279900                            20060401                         79.98999786          No MI
         1112          Townhouse                                          20360301                                  240000                            20060401                                  80          No MI
         1113          Condominium                                        20360601                                  276091                            20060701                                  75          No MI
         1114          Single Family                                      20360401                                  291250                            20060501                         79.98999786          No MI
         1115          PUD                                                20360501                                  368000                            20060601                                  80          No MI
         1116          PUD                                                20360501                                  359992                            20060601                                  80          No MI
         1117          Multi Family                                       20360601                                  591000                            20060701                         60.93000031          No MI
         1118          Multi Family                                       20360501                                  973000                            20060601                                  70          No MI
         1119          PUD                                                20360501                                  324000                            20060601                                  80          No MI
         1120          Multi Family                                       20360501                                  494850                            20060601                         69.98999786          No MI
         1121          PUD                                                20360501                                  176650                            20060601                         79.98999786          No MI
         1122          Single Family                                      20360601                                  572700                            20060701                                  80          No MI
         1123          Multi Family                                       20360501                                  332000                            20060601                         69.88999939          No MI
         1124          Single Family                                      20201101                                   49000                            20051201                                  85          No MI
         1125          Single Family                                      20201001                                   90000                            20051101                         63.27000046          No MI
         1126          Single Family                                      20360601                                  168000                            20060701                                  70          No MI
         1127          Single Family                                      20360501                                  191200                            20060601                                  80          No MI
         1128          PUD                                                20360601                                  247200                            20060701                                  80          No MI
         1129          Multi Family                                       20360501                                 1633600                            20060601                         59.40000153          No MI
         1130          Single Family                                      20360501                                  220000                            20060601                                  80          No MI
         1131          Condominium                                        20360401                                  211500                            20060501                         58.34000015          No MI
         1132          Single Family                                      20201101                                   54150                            20051201                                 100          No MI
         1133          Single Family                                      20360501                                  328000                            20060601                                  80          No MI
         1134          Single Family                                      20360601                                  230600                            20060701                         69.98999786          No MI
         1135          Single Family                                      20360301                                  600000                            20060401                                  80          No MI
         1136          Single Family                                      20351101                                  391000                            20051201                                  85          Radian Guaranty
         1137          Single Family                                      20201101                                   47400                            20051201                                 100          No MI
         1138          Single Family                                      20360401                                  300000                            20060501                                  80          No MI
         1139          Single Family                                      20201001                                   75000                            20051101                                 100          No MI
         1140          Single Family                                      20360401                                  316000                            20060501                                  80          No MI
         1141          Single Family                                      20360301                                  233600                            20060401                                  80          No MI
         1142          Single Family                                      20360301                                  147200                            20060401                                  80          No MI
         1143          Multi Family                                       20360501                                 1033600                            20060601                         52.97999954          No MI
         1144          PUD                                                20360501                                  383200                            20060601                                  80          No MI
         1145          Multi Family                                       20360601                                  875000                            20060701                         58.33000183          No MI
         1146          Multi Family                                       20360601                                  990000                            20060701                         63.45999908          No MI
         1147          Condominium                                        20360401                                  100000                            20060501                                  80          No MI
         1148          Single Family                                      20360501                                  592500                            20060601                                  75          No MI
         1149          Condominium                                        20360601                                  937500                            20060701                                  75          No MI
         1150          Condominium                                        20360501                                  484750                            20060601                                  70          No MI
         1151          Single Family                                      20360501                                  400000                            20060601                         47.61999893          No MI
         1152          Single Family                                      20360601                                  266000                            20060701                                  70          No MI
         1153          PUD                                                20360601                                   96000                            20060701                                  80          No MI
         1154          Multi Family                                       20360501                                  500000                            20060601                         38.45999908          No MI
         1155          Multi Family                                       20360501                                  612500                            20060601                                  70          No MI
         1156          Single Family                                      20360601                                  286000                            20060701                                  80          No MI
         1157          Condominium                                        20360501                                  206400                            20060601                                  80          No MI
         1158          Single Family                                      20360501                                  408000                            20060601                                  80          No MI
         1159          Multi Family                                       20360301                                  444000                            20060401                                  80          No MI
         1160          Single Family                                      20360301                                  320000                            20060401                                  80          No MI
         1161          PUD                                                20360501                                  203200                            20060601                                  80          No MI
         1162          Single Family                                      20360601                                  376000                            20060701                                  80          No MI
         1163          Single Family                                      20201001                                   71000                            20051101                                 100          No MI
         1164          Multi Family                                       20360601                                  374500                            20060701                                  70          No MI
         1165          Single Family                                      20360501                                  452000                            20060601                                  80          No MI
         1166          Single Family                                      20360601                                  304800                            20060701                                  80          No MI
         1167          Single Family                                      20360401                                  111000                            20060501                         79.29000092          No MI
         1168          Single Family                                      20360401                                  274000                            20060501                         79.98999786          No MI
         1169          Single Family                                      20360601                                  120000                            20060701                                  80          No MI
         1170          Single Family                                      20360501                                  265500                            20060601                                  75          No MI
         1171          Single Family                                      20360401                                  250000                            20060501                                  80          No MI
         1172          PUD                                                20200801                                   37125                            20050901                                  95          No MI
         1173          Single Family                                      20360601                                  325200                            20060701                                  80          No MI
         1174          PUD                                                20360501                                  353600                            20060601                         79.98999786          No MI
         1175          Townhouse                                          20360401                                  276000                            20060501                                  80          No MI
         1176          Multi Family                                       20201001                                   34500                            20051101                                  95          No MI
         1177          Single Family                                      20360601                                  238150                            20060701                                  70          No MI
         1178          Single Family                                      20360601                                  360500                            20060701                                  70          No MI
         1179          Single Family                                      20360301                                  237600                            20060401                                  80          No MI
         1180          Single Family                                      20351001                                  359650                            20051101                         66.73000336          No MI
         1181          Single Family                                      20360401                                  312000                            20060501                                  80          No MI
         1182          Single Family                                      20360601                                  318750                            20060701                                  75          No MI
         1183          Single Family                                      20201001                                  102500                            20051101                                 100          No MI
         1184          Multi Family                                       20201001                                   96000                            20051101                                 100          No MI
         1185          Single Family                                      20360601                                  300000                            20060701                                  80          No MI
         1186          Condominium                                        20360501                                  244000                            20060601                                  80          No MI
         1187          Single Family                                      20360301                                  292000                            20060401                                  80          No MI
         1188          Single Family                                      20360301                                  496000                            20060401                                  80          No MI
         1189          Single Family                                      20360401                                  176000                            20060501                         78.22000122          No MI
         1190          Single Family                                      20360401                                  392000                            20060501                                  80          No MI
         1191          Condominium                                        20360601                                   83500                            20060701                         72.61000061          No MI
         1192          Single Family                                      20360601                                  368000                            20060701                                  80          No MI
         1193          Single Family                                      20360301                                  343997                            20060401                                  80          No MI
         1194          PUD                                                20360401                                  282400                            20060501                                  80          No MI
         1195          PUD                                                20201001                                  105000                            20051101                                 100          No MI
         1196          Single Family                                      20360601                                  323536                            20060701                                  80          No MI
         1197          PUD                                                20360601                                  447000                            20060701                         68.76999664          No MI
         1198          Single Family                                      20201001                                   53750                            20051101                                 100          No MI
         1199          Condominium                                        20360601                                  283800                            20060701                                  75          No MI
         1200          Multi Family                                       20360401                                  210000                            20060501                                  80          No MI
         1201          Single Family                                      20360401                                  372000                            20060501                                  80          No MI
         1202          PUD                                                20201001                                   95363                            20051101                                 100          No MI
         1203          Single Family                                      20360301                                  275200                            20060401                                  80          No MI
         1204          Single Family                                      20360301                                  324000                            20060401                                  80          No MI
         1205          Single Family                                      20360301                                  384000                            20060401                                  80          No MI
         1206          Condominium                                        20360301                                  368000                            20060401                                  80          No MI
         1207          Single Family                                      20201001                                   37200                            20051101                                 100          No MI
         1208          Townhouse                                          20360401                                  200000                            20060501                                  80          No MI
         1209          Single Family                                      20360401                                  220000                            20060501                                  80          No MI
         1210          Single Family                                      20360501                                  224000                            20060601                         78.59999847          No MI
         1211          Multi Family                                       20360601                                  473600                            20060701                                  80          No MI
         1212          Single Family                                      20360601                                  135000                            20060701                                  90          Radian Guaranty
         1213          Multi Family                                       20360601                                  448000                            20060701                                  80          No MI
         1214          Multi Family                                       20360601                                  397500                            20060701                                  75          No MI
         1215          PUD                                                20360601                                  313871                            20060701                                  70          No MI
         1216          Multi Family                                       20360501                                  408750                            20060601                                  75          No MI
         1217          PUD                                                20201001                                   31728                            20051101                                  95          No MI
         1218          Single Family                                      20360701                                  348000                            20060801                                  80          No MI
         1219          Single Family                                      20360501                                  532000                            20060601                                  70          No MI
         1220          PUD                                                20360601                                  750000                            20060701                         72.12000275          No MI
         1221          Condominium                                        20360401                                  140450                            20060501                         79.97000122          No MI
         1222          Single Family                                      20201001                                   78800                            20051101                                 100          No MI
         1223          Single Family                                      20360301                                  372000                            20060401                         81.76000214          No MI
         1224          Multi Family                                       20360401                                  209600                            20060501                                  80          No MI
         1225          Single Family                                      20360501                                  290000                            20060601                         69.87999725          No MI
         1226          Single Family                                      20360401                                  406000                            20060501                         71.86000061          No MI
         1227          Single Family                                      20360501                                  468000                            20060601                                  80          No MI
         1228          Single Family                                      20360501                                  256000                            20060601                                  80          No MI
         1229          Single Family                                      20360601                                  300000                            20060701                                  80          No MI
         1230          PUD                                                20360501                                  348000                            20060601                                  80          No MI
         1231          Townhouse                                          20360401                                  179200                            20060501                                  80          No MI
         1232          Condominium                                        20360601                                  153750                            20060701                                  75          No MI
         1233          Single Family                                      20360601                                  318000                            20060701                                  80          No MI
         1234          Single Family                                      20360501                                  196000                            20060601                                  80          No MI
         1235          Multi Family                                       20360601                                  672000                            20060701                                  80          No MI
         1236          Condominium                                        20360301                                  279200                            20060401                         89.98000336          Republic MIC
         1237          Condominium                                        20360601                                  163040                            20060701                                  80          No MI
         1238          Single Family                                      20360601                                  213400                            20060701                         73.58999634          No MI
         1239          Single Family                                      20201001                                   95000                            20051101                                 100          No MI
         1240          Condominium                                        20360601                                  215200                            20060701                                  80          No MI
         1241          Single Family                                      20360501                                  117600                            20060601                                  80          No MI
         1242          PUD                                                20360501                                  650000                            20060601                         74.29000092          No MI
         1243          PUD                                                20360601                                  200800                            20060701                                  80          No MI
         1244          Single Family                                      20360601                                  650000                            20060701                         74.02999878          No MI
         1245          Single Family                                      20360501                                  399960                            20060601                                  80          No MI
         1246          Multi Family                                       20360501                                  252000                            20060601                                  63          No MI
         1247          Single Family                                      20360501                                  130500                            20060601                                  75          No MI
         1248          Condominium                                        20360501                                  372000                            20060601                                  80          No MI
         1249          Single Family                                      20360501                                  484000                            20060601                                  80          No MI
         1250          Single Family                                      20360501                                  316000                            20060601                                  80          No MI
         1251          Single Family                                      20360501                                  291400                            20060601                         79.98999786          No MI
         1252          Single Family                                      20360401                                  535200                            20060501                                  80          No MI
         1253          Single Family                                      20360501                                  694400                            20060601                                  80          No MI
         1254          Single Family                                      20360401                                  494600                            20060501                                  80          No MI
         1255          Single Family                                      20360301                                  197600                            20060401                                  80          No MI
         1256          Single Family                                      20360201                                  401590                            20060301                                  80          No MI
         1257          Single Family                                      20360401                                  184000                            20060501                                  80          No MI
         1258          PUD                                                20360301                                  608000                            20060401                               69.25          No MI
         1259          Single Family                                      20360401                                  480000                            20060501                                  80          No MI
         1260          Single Family                                      20360401                                  188000                            20060501                                  80          No MI
         1261          Single Family                                      20360301                                   72000                            20060401                         74.61000061          No MI
         1262          Single Family                                      20360301                                  348000                            20060401                                  80          No MI
         1263          Single Family                                      20360301                                  245700                            20060401                                  70          No MI
         1264          Single Family                                      20360401                                  218920                            20060501                                  80          No MI
         1265          PUD                                                20360301                                  114400                            20060401                                  80          No MI
         1266          PUD                                                20360401                                  177600                            20060501                                  80          No MI
         1267          Condominium                                        20360601                                  127300                            20060701                         69.98000336          No MI
         1268          Single Family                                      20360401                                  272000                            20060501                                  80          No MI
         1269          Single Family                                      20201101                                  110856                            20051201                                 100          No MI
         1270          PUD                                                20350601                                  552500                            20050701                                  85          No MI
         1271          Multi Family                                       20360401                                  341400                            20060501                         59.88999939          No MI
         1272          Single Family                                      20360401                                  376000                            20060501                                  80          No MI
         1273          PUD                                                20360601                                  348750                            20060701                                  75          No MI
         1274          Multi Family                                       20360701                                  432000                            20060801                                  80          No MI
         1275          Multi Family                                       20360301                                  515000                            20060401                         39.61999893          No MI
         1276          Single Family                                      20360301                                  248000                            20060401                                  80          No MI
         1277          Multi Family                                       20360701                                  495000                            20060801                                  75          No MI
         1278          PUD                                                20200901                                  139200                            20051001                                 100          No MI
         1279          Single Family                                      20350601                                  607750                            20050701                                  85          No MI
         1280          Single Family                                      20360501                                  430770                            20060601                                86.5          Radian Guaranty
         1281          Single Family                                      20360601                                  324000                            20060701                                  80          No MI
         1282          Single Family                                      20200501                                   64000                            20050601                                  90          No MI
         1283          Multi Family                                       20350901                                   72000                            20051001                                  80          No MI
         1284          PUD                                                20360501                                  300000                            20060601                         59.86999893          No MI
         1285          Single Family                                      20360601                                  288000                            20060701                                  80          No MI
         1286          Single Family                                      20201101                                  117400                            20051201                                 100          No MI
         1287          Single Family                                      20360501                                  300000                            20060601                         56.06999969          No MI
         1288          Multi Family                                       20360401                                  568200                            20060501                         66.84999847          No MI
         1289          Condominium                                        20350501                                  486500                            20050601                                  70          No MI
         1290          PUD                                                20360501                                  232000                            20060601                                  80          No MI
         1291          Single Family                                      20360401                                  124000                            20060501                                  80          No MI
         1292          Condominium                                        20360401                                  123600                            20060501                                  80          No MI
         1293          Multi Family                                       20360501                                  111000                            20060601                         79.86000061          No MI
         1294          Condominium                                        20360601                                  141991                            20060701                         78.88999939          No MI
         1295          Single Family                                      20360501                                  175750                            20060601                                  37          No MI
         1296          PUD                                                20360401                                  560000                            20060501                                  80          No MI
         1297          Condominium                                        20360401                                  394320                            20060501                                  80          No MI
         1298          Single Family                                      20360501                                   52000                            20060601                                  80          No MI
         1299          Single Family                                      20360501                                  270400                            20060601                                  80          No MI
         1300          Multi Family                                       20360501                                  775000                            20060601                                  62          No MI
         1301          Single Family                                      20360501                                  145600                            20060601                                  80          No MI
         1302          Multi Family                                       20360501                                  810000                            20060601                         75.34999847          No MI
         1303          PUD                                                20360501                                  343920                            20060601                                  80          No MI
         1304          Single Family                                      20201201                                  175000                            20060101                                  95          No MI
         1305          Single Family                                      20350901                                  158400                            20051001                                  80          No MI
         1306          Condominium                                        20360601                                  186010                            20060701                                  95          Radian Guaranty
         1307          Condominium                                        20350901                                  140800                            20051001                                  80          No MI
         1308          Single Family                                      20201001                                   40350                            20051101                                  95          No MI
         1309          Single Family                                      20360401                                  293200                            20060501                                  80          No MI
         1310          Single Family                                      20350801                                  222300                            20050901                                  90          PMI
         1311          Single Family                                      20360501                                  480000                            20060601                                  80          No MI
         1312          Multi Family                                       20360501                                  507000                            20060601                         76.81999969          No MI
         1313          PUD                                                20360501                                  400000                            20060601                                  80          No MI
         1314          Multi Family                                       20360601                                  458000                            20060701                         59.09999847          No MI
         1315          Condominium                                        20360501                                  180000                            20060601                                  80          No MI
         1316          Single Family                                      20351101                                  308000                            20051201                                  80          No MI
         1317          PUD                                                20360501                                  477600                            20060601                                  80          No MI
         1318          Multi Family                                       20360501                                  360000                            20060601                         58.54000092          No MI
         1319          PUD                                                20360501                                  342400                            20060601                                  80          No MI
         1320          Single Family                                      20350901                                  208000                            20051001                                  80          No MI
         1321          Single Family                                      20360601                                  288000                            20060701                                  80          No MI
         1322          Multi Family                                       20360601                                  650000                            20060701                         76.47000122          No MI
         1323          Single Family                                      20360501                                  448000                            20060601                                  80          No MI
         1324          Multi Family                                       20360401                                  450000                            20060501                         67.66999817          No MI
         1325          Single Family                                      20360501                                  324000                            20060601                                  80          No MI
         1326          Multi Family                                       20360501                                 1250000                            20060601                         64.94000244          No MI
         1327          Single Family                                      20360501                                   80000                            20060601                         58.38999939          No MI
         1328          Single Family                                      20360601                                  244000                            20060701                                  80          No MI
         1329          Multi Family                                       20201201                                   68000                            20060101                                  95          No MI
         1330          Multi Family                                       20360601                                  575000                            20060701                         46.93999863          No MI
         1331          Multi Family                                       20360501                                  742000                            20060601                         73.09999847          No MI
         1332          PUD                                                20360601                                  401250                            20060701                                  75          No MI
         1333          Single Family                                      20201001                                   68400                            20051101                                 100          No MI
         1334          PUD                                                20360601                                   96000                            20060701                                  80          No MI
         1335          Single Family                                      20360501                                  175920                            20060601                                  80          No MI
         1336          Single Family                                      20360501                                  311500                            20060601                                  70          No MI
         1337          Single Family                                      20360601                                  168000                            20060701                                  70          No MI
         1338          Single Family                                      20360601                                  536250                            20060701                                  75          No MI
         1339          Condominium                                        20360501                                  431250                            20060601                                  75          No MI
         1340          Multi Family                                       20360601                                 2120000                            20060701                         70.66999817          No MI
         1341          Multi Family                                       20360601                                 2090000                            20060701                         72.06999969          No MI
         1342          Single Family                                      20210101                                   52398                            20060201                                 100          No MI
         1343          Single Family                                      20360601                                  141000                            20060701                                  75          No MI
         1344          Single Family                                      20201101                                   50850                            20051201                                  95          No MI
         1345          Condominium                                        20360601                                   92000                            20060701                                  80          No MI
         1346          Condominium                                        20360501                                  580800                            20060601                         74.05999756          No MI
         1347          PUD                                                20360401                                  468650                            20060501                                  80          No MI
         1348          Single Family                                      20360501                                  228000                            20060601                                  80          No MI
         1349          PUD                                                20360401                                  650000                            20060501                         74.23999786          No MI
         1350          Single Family                                      20360401                                  400000                            20060501                                  80          No MI
         1351          Single Family                                      20200801                                   21700                            20050901                                  90          No MI
         1352          Single Family                                      20360601                                  253500                            20060701                                  65          No MI
         1353          Single Family                                      20360401                                  568000                            20060501                                  80          No MI
         1354          Single Family                                      20200901                                   50000                            20051001                                  80          No MI
         1355          Single Family                                      20360301                                  544000                            20060401                                  80          No MI
         1356          Multi Family                                       20360401                                 1585000                            20060501                         65.23000336          No MI
         1357          Single Family                                      20360401                                  380000                            20060501                         79.66000366          No MI
         1358          Single Family                                      20360401                                  327920                            20060501                                  80          No MI
         1359          Single Family                                      20360601                                  415000                            20060701                         68.02999878          No MI
         1360          Multi Family                                       20201001                                   50000                            20051101                                 100          No MI
         1361          Single Family                                      20360401                                  400000                            20060501                                  80          No MI
         1362          Single Family                                      20360401                                  176000                            20060501                                  80          No MI
         1363          Single Family                                      20201001                                   62800                            20051101                                 100          No MI
         1364          Single Family                                      20360401                                  270000                            20060501                                  80          No MI
         1365          Single Family                                      20360401                                  408000                            20060501                                  80          No MI
         1366          Single Family                                      20360401                                  316000                            20060501                                  80          No MI
         1367          Multi Family                                       20360501                                  352500                            20060601                                  75          No MI
         1368          Single Family                                      20360401                                  238000                            20060501                                  80          No MI
         1369          Single Family                                      20350901                                   60200                            20051001                                 100          No MI
         1370          Single Family                                      20360401                                  236000                            20060501                                  80          No MI
         1371          Condominium                                        20360401                                  495920                            20060501                                  80          No MI
         1372          PUD                                                20360401                                  556000                            20060501                                  80          No MI
         1373          Multi Family                                       20360501                                  772500                            20060601                                  75          No MI
         1374          Single Family                                      20360401                                  356000                            20060501                                  80          No MI
         1375          Condominium                                        20360401                                  324000                            20060501                                  80          No MI
         1376          Single Family                                      20360401                                  528000                            20060501                                  80          No MI
         1377          Multi Family                                       20360501                                  416000                            20060601                                  80          No MI
         1378          Single Family                                      20360501                                  284000                            20060601                                  80          No MI
         1379          Multi Family                                       20360501                                  243750                            20060601                                  65          No MI
         1380          Single Family                                      20360501                                  356000                            20060601                                  80          No MI
         1381          Single Family                                      20200901                                   89400                            20051001                                 100          No MI
         1382          Single Family                                      20360601                                  280800                            20060701                                  80          No MI
         1383          Single Family                                      20360401                                  316780                            20060501                                  80          No MI
         1384          Condominium                                        20360401                                  250000                            20060501                         79.87000275          No MI
         1385          Single Family                                      20360401                                  504800                            20060501                                  80          No MI
         1386          PUD                                                20360701                                  312350                            20060801                         94.98999786          Radian Guaranty
         1387          Multi Family                                       20360501                                  508000                            20060601                                  80          No MI
         1388          Single Family                                      20360401                                  340000                            20060501                                  80          No MI
         1389          Single Family                                      20351001                                  288600                            20051101                                  78          No MI
         1390          PUD                                                20360601                                  135100                            20060701                                  70          No MI
         1391          Single Family                                      20360701                                  344000                            20060801                                  80          No MI
         1392          Single Family                                      20360601                                  315000                            20060701                         48.84000015          No MI
         1393          Single Family                                      20360501                                  455200                            20060601                                  80          No MI
         1394          Multi Family                                       20360501                                  278992                            20060601                                  80          No MI
         1395          Single Family                                      20360501                                  293600                            20060601                                  80          No MI
         1396          Single Family                                      20360401                                  300000                            20060501                                  80          No MI
         1397          Condominium                                        20201001                                   37200                            20051101                                 100          No MI
         1398          Single Family                                      20360401                                  383200                            20060501                                  80          No MI
         1399          Condominium                                        20360501                                  252000                            20060601                                  80          No MI
         1400          Single Family                                      20360401                                  263000                            20060501                         54.79000092          No MI
         1401          PUD                                                20360501                                  526800                            20060601                         79.98999786          No MI
         1402          Single Family                                      20360501                                  510000                            20060601                                  75          No MI
         1403          Single Family                                      20360601                                  464000                            20060701                                  80          No MI
         1404          Single Family                                      20360501                                  270000                            20060601                         58.43999863          No MI
         1405          Single Family                                      20201001                                   71980                            20051101                                 100          No MI
         1406          PUD                                                20360601                                  301302                            20060701                                  75          No MI
         1407          Single Family                                      20351001                                  265600                            20051101                                  80          No MI
         1408          Single Family                                      20360601                                  492400                            20060701                                  80          No MI
         1409          PUD                                                20360401                                  273750                            20060501                                  80          No MI
         1410          Single Family                                      20210101                                   68000                            20060201                                 100          No MI
         1411          Multi Family                                       20360501                                 1100000                            20060601                               68.75          No MI
         1412          Multi Family                                       20360401                                  393750                            20060501                                  75          No MI
         1413          Single Family                                      20360501                                  253600                            20060601                                  80          No MI
         1414          Multi Family                                       20360601                                 1600000                            20060701                         74.76999664          No MI
         1415          Multi Family                                       20360501                                  450000                            20060601                         63.38000107          No MI
         1416          PUD                                                20360601                                  342240                            20060701                                  80          No MI
         1417          Single Family                                      20350901                                  230000                            20051001                                  80          No MI
         1418          PUD                                                20360401                                  760000                            20060501                                  80          No MI
         1419          Single Family                                      20360601                                  488000                            20060701                                  80          No MI
         1420          Single Family                                      20360401                                  335200                            20060501                                  80          No MI
         1421          PUD                                                20360501                                  650000                            20060601                         78.12999725          No MI
         1422          Multi Family                                       20360401                                  525800                            20060501                         70.11000061          No MI
         1423          Multi Family                                       20360401                                 1921000                            20060501                         63.61000061          No MI
         1424          PUD                                                20360501                                  282000                            20060601                         78.12000275          No MI
         1425          Single Family                                      20360401                                  554000                            20060501                         63.68000031          No MI
         1426          Single Family                                      20360401                                  261450                            20060501                         79.98999786          No MI
         1427          Single Family                                      20360401                                  337500                            20060501                                  75          No MI
         1428          Multi Family                                       20360401                                 3247500                            20060501                         64.94999695          No MI
         1429          Single Family                                      20360601                                  259350                            20060701                                  70          No MI
         1430          PUD                                                20201001                                   74603                            20051101                                 100          No MI
         1431          Multi Family                                       20360401                                  146400                            20060501                                  80          No MI
         1432          Multi Family                                       20360401                                  297000                            20060501                                  54          No MI
         1433          Single Family                                      20201001                                   40000                            20051101                                 100          No MI
         1434          PUD                                                20360401                                  219200                            20060501                                  80          No MI
         1435          Multi Family                                       20360401                                  376900                            20060501                         51.99000168          No MI
         1436          PUD                                                20360401                                  184550                            20060501                         79.98999786          No MI
         1437          Multi Family                                       20360401                                  348000                            20060501                                  80          No MI
         1438          Single Family                                      20360401                                  454000                            20060501                         78.95999908          No MI
         1439          Single Family                                      20351101                                  371250                            20051201                                  75          No MI
         1440          Condominium                                        20360601                                  123000                            20060701                                  75          No MI
         1441          PUD                                                20360401                                  319200                            20060501                                  80          No MI
         1442          Single Family                                      20360601                                  180000                            20060701                                  30          No MI
         1443          PUD                                                20360401                                  240000                            20060501                                  80          No MI
         1444          Multi Family                                       20360401                                  338400                            20060501                         48.34000015          No MI
         1445          Multi Family                                       20201001                                  117000                            20051101                                 100          No MI
         1446          Single Family                                      20360501                                  164000                            20060601                                  80          No MI
         1447          Multi Family                                       20360401                                 2500000                            20060501                         72.45999908          No MI
         1448          PUD                                                20360401                                  120800                            20060501                                  80          No MI
         1449          Single Family                                      20360401                                   89040                            20060501                                  80          No MI
         1450          Multi Family                                       20360401                                 1409500                            20060501                         68.08999634          No MI
         1451          Single Family                                      20360401                                  340000                            20060501                                  80          No MI
         1452          Single Family                                      20360501                                  335000                            20060601                         72.83000183          No MI
         1453          PUD                                                20360501                                  214500                            20060601                                  75          No MI
         1454          PUD                                                20360401                                  154900                            20060501                         79.98000336          No MI
         1455          Multi Family                                       20360401                                  482000                            20060501                         67.88999939          No MI
         1456          Single Family                                      20360501                                  161600                            20060601                                  80          No MI
         1457          PUD                                                20360401                                  280400                            20060501                                  80          No MI
         1458          Multi Family                                       20360401                                 1102300                            20060501                         58.02000046          No MI
         1459          PUD                                                20360501                                  188000                            20060601                                  80          No MI
         1460          Single Family                                      20350918                                   95000                            20051018                         82.61000061          Radian Guaranty
         1461          Single Family                                      20201201                                   59943                            20060101                                  90          No MI
         1462          PUD                                                20360401                                  487960                            20060501                                  80          No MI
         1463          PUD                                                20360601                                  660000                            20060701                         79.04000092          No MI
         1464          Condominium                                        20350901                                  637000                            20051001                                  70          No MI
         1465          PUD                                                20360401                                  166556                            20060501                                  80          No MI
         1466          PUD                                                20210401                                   70100                            20060501                                 100          No MI
         1467          Multi Family                                       20360401                                 1013300                            20060501                         64.95999908          No MI
         1468          PUD                                                20360601                                  260800                            20060701                                  80          No MI
         1469          PUD                                                20360401                                  277200                            20060501                         79.98999786          No MI
         1470          PUD                                                20200901                                  100500                            20051001                         81.26999664          No MI
         1471          Single Family                                      20351001                                  429000                            20051101                         64.02999878          No MI
         1472          Condominium                                        20360401                                  280000                            20060501                                  80          No MI
         1473          Condominium                                        20360401                                  340000                            20060501                                  80          No MI
         1474          Single Family                                      20351101                                  490000                            20051201                                  70          No MI
         1475          Single Family                                      20200901                                   64625                            20051001                                 100          No MI
         1476          Single Family                                      20360501                                  420000                            20060601                                  75          No MI
         1477          PUD                                                20360501                                  274750                            20060601                                  70          No MI
         1478          Condominium                                        20360401                                  200000                            20060501                         72.73000336          No MI
         1479          Single Family                                      20351001                                  727500                            20051101                                  75          No MI
         1480          Single Family                                      20350901                                  266000                            20051001                                  70          No MI
         1481          Single Family                                      20360601                                  326250                            20060701                                  75          No MI
         1482          Multi Family                                       20360601                                  266000                            20060701                                  70          No MI
         1483          Single Family                                      20360601                                  448000                            20060701                                  80          No MI
         1484          Multi Family                                       20200901                                  144750                            20051001                                 100          No MI
         1485          Single Family                                      20360601                                  446000                            20060701                                  80          No MI
         1486          Condominium                                        20360401                                  182400                            20060501                                  80          No MI
         1487          Single Family                                      20201001                                   32250                            20051101                                  95          No MI
         1488          PUD                                                20201101                                   99550                            20051201                         99.97000122          No MI
         1489          Single Family                                      20350901                                  215200                            20051001                                  80          No MI
         1490          Condominium                                        20360501                                  160000                            20060601                                  80          No MI
         1491          Multi Family                                       20360401                                  429300                            20060501                         65.54000092          No MI
         1492          Condominium                                        20360401                                  292000                            20060501                                  80          No MI
         1493          Condominium                                        20360601                                  254925                            20060701                                  75          No MI
         1494          PUD                                                20360401                                  417000                            20060501                         69.62000275          No MI
         1495          Multi Family                                       20360501                                  285600                            20060601                                  80          No MI
         1496          Single Family                                      20360401                                  235800                            20060501                                  90          Mortgage Guaranty In
         1497          Single Family                                      20360301                                  280000                            20060401                                  80          No MI
         1498          Multi Family                                       20360401                                 1100000                            20060501                         53.00999832          No MI
         1499          Single Family                                      20360501                                  292000                            20060601                                  80          No MI
         1500          PUD                                                20360501                                  346050                            20060601                                  80          No MI
         1501          Single Family                                      20360401                                  190400                            20060501                                  80          No MI
         1502          Multi Family                                       20360601                                 2350000                            20060701                         61.20000076          No MI
         1503          PUD                                                20360501                                  296000                            20060601                                  80          No MI
         1504          Single Family                                      20360401                                   45125                            20060501                                  95          Radian Guaranty
         1505          Single Family                                      20360401                                  212000                            20060501                                  80          No MI
         1506          PUD                                                20360401                                  269360                            20060501                                  80          No MI
         1507          Single Family                                      20360401                                   80750                            20060501                                  95          United Guaranty
         1508          Condominium                                        20360501                                  284000                            20060601                                  80          No MI
         1509          Single Family                                      20360501                                  264000                            20060601                                  80          No MI
         1510          Multi Family                                       20360501                                  380000                            20060601                                  80          No MI
         1511          Multi Family                                       20360501                                  288750                            20060601                                  75          No MI
         1512          Single Family                                      20360501                                  260000                            20060601                                  80          No MI
         1513          Single Family                                      20360501                                  455920                            20060601                                  80          No MI
         1514          Multi Family                                       20360401                                  350000                            20060501                         63.63999939          No MI
         1515          PUD                                                20360401                                  345000                            20060501                         77.69999695          No MI
         1516          PUD                                                20360501                                  276000                            20060601                                  80          No MI
         1517          Multi Family                                       20360601                                  887500                            20060701                         65.73999786          No MI
         1518          Single Family                                      20360401                                  180000                            20060501                                  80          No MI
         1519          Multi Family                                       20360501                                  500000                            20060601                         76.91999817          No MI
         1520          PUD                                                20360501                                  516000                            20060601                                  80          No MI
         1521          Condominium                                        20360401                                  724000                            20060501                         65.81999969          No MI
         1522          Multi Family                                       20360501                                  711000                            20060601                         39.06999969          No MI
         1523          Single Family                                      20360501                                  424000                            20060601                                  80          No MI
         1524          Single Family                                      20360401                                  160000                            20060501                         68.08999634          No MI
         1525          Multi Family                                       20360501                                  545000                            20060601                         71.70999908          No MI
         1526          Condominium                                        20360501                                  260800                            20060601                                  80          No MI
         1527          PUD                                                20360401                                  179500                            20060501                         79.98999786          No MI
         1528          Single Family                                      20360601                                  388000                            20060701                                  80          No MI
         1529          Single Family                                      20360401                                  460000                            20060501                                  80          No MI
         1530          Single Family                                      20360601                                  500000                            20060701                         41.66999817          No MI
         1531          PUD                                                20360401                                  447992                            20060501                                  80          No MI
         1532          Single Family                                      20360501                                  204000                            20060601                                  80          No MI
         1533          Single Family                                      20360401                                  459200                            20060501                                  80          No MI
         1534          Condominium                                        20360701                                  141520                            20060801                                  80          No MI
         1535          Single Family                                      20360401                                  285200                            20060501                                  80          No MI
         1536          Single Family                                      20360601                                  577500                            20060701                                  70          No MI
         1537          Condominium                                        20210501                                  892500                            20060601                                  70          No MI
         1538          Single Family                                      20360601                                  314800                            20060701                                  80          No MI
         1539          Single Family                                      20360601                                  147000                            20060701                                  75          No MI
         1540          Multi Family                                       20360401                                 1950000                            20060501                                  78          No MI
         1541          Multi Family                                       20360401                                 1700000                            20060501                         72.33999634          No MI
         1542          Single Family                                      20360601                                  412500                            20060701                                  75          No MI
         1543          Condominium                                        20360601                                  366000                            20060701                         63.09999847          No MI
         1544          Multi Family                                       20360401                                  565000                            20060501                         55.11999893          No MI
         1545          PUD                                                20360301                                  209800                            20060401                         79.98999786          No MI
         1546          PUD                                                20360301                                  121550                            20060401                         79.98999786          No MI
         1547          Multi Family                                       20360401                                  355120                            20060501                                  80          No MI
         1548          Single Family                                      20360601                                  255000                            20060701                                  75          No MI
         1549          Multi Family                                       20360501                                 1500000                            20060601                         71.43000031          No MI
         1550          Single Family                                      20360401                                  280000                            20060501                                  70          No MI
         1551          Single Family                                      20360601                                  561000                            20060701                                  60          No MI
         1552          Single Family                                      20360601                                  650000                            20060701                         73.86000061          No MI
         1553          Single Family                                      20360401                                  292000                            20060501                         78.91999817          No MI
         1554          Condominium                                        20360601                                  210000                            20060701                                  70          No MI
         1555          Single Family                                      20360401                                  259200                            20060501                                  80          No MI
         1556          Single Family                                      20360601                                  331500                            20060701                                  75          No MI
         1557          PUD                                                20360601                                  116704                            20060701                         17.29000092          No MI
         1558          PUD                                                20360601                                  480250                            20060701                                  85          Radian Guaranty
         1559          PUD                                                20360401                                  328000                            20060501                                  80          No MI
         1560          Multi Family                                       20360501                                  311850                            20060601                               57.75          No MI
         1561          Multi Family                                       20360501                                  480000                            20060601                                  80          No MI
         1562          Single Family                                      20360501                                  361600                            20060601                                  80          No MI
         1563          Condominium                                        20360401                                  123517                            20060501                                  80          No MI
         1564          Multi Family                                       20360501                                 1725000                            20060601                                  75          No MI
         1565          Single Family                                      20360601                                  476800                            20060701                                  80          No MI
         1566          Single Family                                      20360401                                  485000                            20060501                         79.51000214          No MI
         1567          Single Family                                      20360501                                  383790                            20060601                                  95          Radian Guaranty
         1568          Condominium                                        20360601                                  237300                            20060701                                  70          No MI
         1569          Multi Family                                       20360401                                  440000                            20060501                                  80          No MI
         1570          Condominium                                        20360601                                  416000                            20060701                                  80          No MI
         1571          Condominium                                        20360401                                  153500                            20060501                         79.98999786          No MI
         1572          Multi Family                                       20360401                                  436000                            20060501                         63.45999908          No MI
         1573          Single Family                                      20360401                                  262000                            20060501                                  80          No MI
         1574          PUD                                                20360601                                  408800                            20060701                                  70          No MI
         1575          Multi Family                                       20360401                                  460500                            20060501                         73.68000031          No MI
         1576          Single Family                                      20360301                                  415250                            20060401                                  80          No MI
         1577          Multi Family                                       20360401                                 1782300                            20060501                                  75          No MI
         1578          Townhouse                                          20360401                                  606000                            20060501                                  80          No MI
         1579          Multi Family                                       20360201                                  208000                            20060301                                  80          No MI
         1580          Single Family                                      20360501                                  320000                            20060601                                  80          No MI
         1581          PUD                                                20360401                                  711200                            20060501                                  80          No MI
         1582          Multi Family                                       20360401                                 1830000                            20060501                         73.19999695          No MI
         1583          Single Family                                      20360401                                  463200                            20060501                                  80          No MI
         1584          Single Family                                      20360601                                  378000                            20060701                                  70          No MI
         1585          Multi Family                                       20360401                                 1215200                            20060501                                  75          No MI
         1586          Single Family                                      20360601                                  381600                            20060701                                  80          No MI
         1587          Multi Family                                       20360401                                  789900                            20060501                                  75          No MI
         1588          Single Family                                      20360601                                   99750                            20060701                                  95          No MI
         1589          Multi Family                                       20360401                                  456500                            20060501                         65.20999908          No MI
         1590          Single Family                                      20360501                                  460000                            20060601                                  80          No MI
         1591          Multi Family                                       20360401                                 1687500                            20060501                         75.33000183          No MI
         1592          Single Family                                      20360601                                  116000                            20060701                                  80          No MI
         1593          Multi Family                                       20360401                                  614000                            20060501                         73.09999847          No MI
         1594          Single Family                                      20360501                                  350000                            20060601                         60.86999893          No MI
         1595          Multi Family                                       20360501                                  773500                            20060601                               55.25          No MI
         1596          Multi Family                                       20360501                                  675000                            20060601                         69.94999695          No MI
         1597          Single Family                                      20360601                                  196000                            20060701                                  80          No MI
         1598          Multi Family                                       20360401                                  288000                            20060501                                  80          No MI
         1599          Condominium                                        20360701                                  220500                            20060801                                  90          No MI
         1600          Single Family                                      20360601                                  420000                            20060701                                  80          No MI
         1601          Multi Family                                       20360401                                  332000                            20060501                                  80          No MI
         1602          Multi Family                                       20360401                                 1500000                            20060501                         50.84999847          No MI
         1603          Single Family                                      20360601                                  338800                            20060701                                  70          No MI
         1604          Multi Family                                       20360401                                  421000                            20060501                         55.38999939          No MI
         1605          Single Family                                      20360601                                  220000                            20060701                         56.40999985          No MI
         1606          Multi Family                                       20360401                                  716000                            20060501                                  80          No MI
         1607          Single Family                                      20360601                                  283500                            20060701                                  70          No MI
         1608          Multi Family                                       20360401                                  465000                            20060501                         69.91999817          No MI
         1609          PUD                                                20360601                                  825000                            20060701                         63.45999908          No MI
         1610          PUD                                                20360401                                  398791                            20060501                                  80          No MI
         1611          Multi Family                                       20360401                                 1000000                            20060501                         64.72000122          No MI
         1612          PUD                                                20360401                                  283000                            20060501                         60.20999908          No MI
         1613          Multi Family                                       20360401                                 4120000                            20060501                                  80          No MI
         1614          Single Family                                      20360501                                  248000                            20060601                                  80          No MI
         1615          PUD                                                20360401                                  333600                            20060501                                  80          No MI
         1616          Single Family                                      20360501                                  216000                            20060601                                  80          No MI
         1617          PUD                                                20360301                                  230750                            20060401                                  65          No MI
         1618          Single Family                                      20360401                                  263600                            20060501                                  80          No MI
         1619          PUD                                                20360601                                  380000                            20060701                                  80          No MI
         1620          PUD                                                20360501                                  463200                            20060601                                  80          No MI
         1621          PUD                                                20360401                                  745000                            20060501                         64.77999878          No MI
         1622          Single Family                                      20360501                                  168750                            20060601                         61.36000061          No MI
         1623          Single Family                                      20360501                                  440000                            20060601                                  80          No MI
         1624          Single Family                                      20360501                                  408000                            20060601                                  80          No MI
         1625          Single Family                                      20360401                                  458750                            20060501                                  80          No MI
         1626          Single Family                                      20360401                                  268000                            20060501                                  80          No MI
         1627          Condominium                                        20360401                                  276000                            20060501                                  80          No MI
         1628          Single Family                                      20360501                                  337600                            20060601                                  80          No MI
         1629          Multi Family                                       20360401                                  648000                            20060501                                  80          No MI
         1630          Multi Family                                       20360501                                  158400                            20060601                                  80          No MI
         1631          Multi Family                                       20360501                                 1380000                            20060601                         73.40000153          No MI
         1632          Single Family                                      20360501                                  288800                            20060601                                  80          No MI
         1633          Multi Family                                       20360501                                 4800000                            20060601                         68.18000031          No MI
         1634          Condominium                                        20360501                                  208000                            20060601                                  80          No MI
         1635          Multi Family                                       20360501                                 1090000                            20060601                         46.77999878          No MI
         1636          Multi Family                                       20360501                                  935000                            20060601                         51.93999863          No MI
         1637          PUD                                                20360501                                  462320                            20060601                                  80          No MI
         1638          Single Family                                      20360501                                  602200                            20060601                         75.37000275          No MI
         1639          PUD                                                20360501                                  389426                            20060601                                  80          No MI
         1640          Single Family                                      20360501                                  190400                            20060601                                  80          No MI
         1641          Single Family                                      20360501                                  455200                            20060601                         79.93000031          No MI
         1642          Single Family                                      20360501                                  348000                            20060601                                  80          No MI
         1643          Single Family                                      20360501                                  503200                            20060601                                  80          No MI
         1644          Single Family                                      20360501                                  367200                            20060601                                  80          No MI
         1645          Single Family                                      20360501                                  420000                            20060601                                  80          No MI
         1646          Multi Family                                       20360601                                  925000                            20060701                         53.61999893          No MI
         1647          Single Family                                      20360401                                  472000                            20060501                                  80          No MI
         1648          Condominium                                        20360501                                  247200                            20060601                                  80          No MI
         1649          Multi Family                                       20360501                                  500000                            20060601                         43.47999954          No MI
         1650          PUD                                                20360501                                  575000                            20060601                         68.86000061          No MI
         1651          Single Family                                      20360501                                  424000                            20060601                                  80          No MI
         1652          Single Family                                      20360401                                  396800                            20060501                                  80          No MI
         1653          PUD                                                20360501                                  595250                            20060601                         74.41000366          No MI
         1654          Single Family                                      20360501                                  592000                            20060601                                  80          No MI
         1655          PUD                                                20360501                                  205200                            20060601                                  76          No MI
         1656          Single Family                                      20360501                                  320000                            20060601                                  80          No MI
         1657          Condominium                                        20360501                                  168156                            20060601                                  80          No MI
         1658          Condominium                                        20360501                                  128000                            20060601                                  80          No MI
         1659          PUD                                                20360501                                  413350                            20060601                         79.98999786          No MI
         1660          Single Family                                      20360501                                  536000                            20060601                                  80          No MI
         1661          Single Family                                      20360301                                  436000                            20060401                                  80          No MI
         1662          PUD                                                20360501                                  395908                            20060601                                  80          No MI
         1663          Multi Family                                       20360201                                  448000                            20060301                                  80          No MI
         1664          Single Family                                      20360501                                  352000                            20060601                         52.93000031          No MI
         1665          Single Family                                      20360601                                  750000                            20060701                         78.20999908          No MI
         1666          Single Family                                      20360601                                  139300                            20060701                                  70          No MI
         1667          Single Family                                      20360601                                  993300                            20060701                                  70          No MI
         1668          Multi Family                                       20360501                                  125000                            20060601                         27.78000069          No MI
         1669          Multi Family                                       20360501                                  326300                            20060601                                  65          No MI
         1670          PUD                                                20360501                                  344000                            20060601                                  80          No MI
         1671          Single Family                                      20360501                                  228000                            20060601                                  76          No MI
         1672          PUD                                                20350201                                  276500                            20050301                                  70          No MI
         1673          Single Family                                      20360501                                  312000                            20060601                         64.59999847          No MI
         1674          Single Family                                      20360501                                  172000                            20060601                                  80          No MI
         1675          PUD                                                20201101                                   39800                            20051201                         99.97000122          No MI
         1676          Single Family                                      20360601                                  318750                            20060701                                  75          No MI
         1677          PUD                                                20360501                                  264000                            20060601                                  80          No MI
         1678          PUD                                                20360401                                  318200                            20060501                         79.98999786          No MI
         1679          Single Family                                      20360501                                  255200                            20060601                                  80          No MI
         1680          Single Family                                      20360501                                  326400                            20060601                                  80          No MI
         1681          Multi Family                                       20360501                                  435000                            20060601                         73.11000061          No MI
         1682          Single Family                                      20360401                                  144500                            20060501                         94.97000122          PMI
         1683          Single Family                                      20360501                                  186750                            20060601                                  75          No MI
         1684          Single Family                                      20360501                                  248500                            20060601                                  70          No MI
         1685          PUD                                                20360401                                  355000                            20060501                         68.13999939          No MI
         1686          PUD                                                20360601                                  155650                            20060701                         79.98999786          No MI
         1687          Single Family                                      20360501                                  292000                            20060601                                  80          No MI
         1688          Single Family                                      20200701                                  123600                            20050801                                 100          No MI
         1689          Single Family                                      20360501                                  418500                            20060601                                  90          No MI
         1690          Single Family                                      20360601                                  152000                            20060701                         69.41000366          No MI
         1691          PUD                                                20360401                                  189000                            20060501                         62.16999817          No MI
         1692          Condominium                                        20360601                                  440000                            20060701                                  80          No MI
         1693          PUD                                                20360601                                  210350                            20060701                         79.98999786          No MI
         1694          PUD                                                20360501                                  336000                            20060601                         89.59999847          No MI
         1695          Single Family                                      20360501                                  459000                            20060601                         87.93000031          No MI
         1696          Multi Family                                       20360501                                 1725000                            20060601                         78.41000366          No MI
         1697          PUD                                                20360501                                  153600                            20060601                                  80          No MI
         1698          Single Family                                      20360501                                  148800                            20060601                                  80          No MI
         1699          PUD                                                20360501                                  312000                            20060601                                  80          No MI
         1700          Single Family                                      20360501                                  246400                            20060601                                  80          No MI
         1701          Single Family                                      20360501                                   56250                            20060601                                  75          No MI
         1702          Multi Family                                       20360501                                  384800                            20060601                                  65          No MI
         1703          Condominium                                        20360301                                  125199                            20060401                                  80          No MI
         1704          Multi Family                                       20360401                                  324000                            20060501                                  80          No MI
         1705          Single Family                                      20360401                                  299000                            20060501                                  65          No MI
         1706          PUD                                                20360401                                  333000                            20060501                         52.86000061          No MI
         1707          Condominium                                        20360401                                  160650                            20060501                         74.98999786          No MI
         1708          Condominium                                        20210401                                   42850                            20060501                         94.98999786          No MI
         1709          Condominium                                        20360401                                  144440                            20060501                                  75          No MI
         1710          Single Family                                      20360301                                  264000                            20060401                                  80          No MI
         1711          Single Family                                      20360401                                  564000                            20060501                                  80          No MI
         1712          Condominium                                        20360501                                  400000                            20060601                         48.77999878          No MI
         1713          Single Family                                      20360501                                  384000                            20060601                                  80          No MI
         1714          Condominium                                        20200901                                   43950                            20051001                         99.98000336          No MI
         1715          Single Family                                      20360401                                  478400                            20060501                                  80          No MI
         1716          Single Family                                      20360501                                  224000                            20060601                         79.15000153          No MI
         1717          Single Family                                      20360501                                  297000                            20060601                                  90          No MI
         1718          Single Family                                      20200901                                   59970                            20051001                                 100          No MI
         1719          Single Family                                      20360401                                  420000                            20060501                                  80          No MI
         1720          PUD                                                20360501                                  188950                            20060601                         79.98000336          No MI
         1721          Single Family                                      20360401                                  341600                            20060501                                  80          No MI
         1722          Single Family                                      20360301                                  351200                            20060401                                  80          No MI
         1723          Townhouse                                          20360401                                  336000                            20060501                                  80          No MI
         1724          PUD                                                20360501                                  325600                            20060601                         79.95999908          No MI
         1725          Single Family                                      20200801                                  115980                            20050901                                 100          No MI
         1726          Townhouse                                          20360401                                  203920                            20060501                                  80          No MI
         1727          Condominium                                        20360501                                  145000                            20060601                         63.04000092          No MI
         1728          Multi Family                                       20360501                                  806250                            20060601                                  75          No MI
         1729          Multi Family                                       20200801                                  107600                            20050901                                 100          No MI
         1730          Condominium                                        20360501                                  432000                            20060601                                  80          No MI
         1731          PUD                                                20360301                                  309600                            20060401                                  80          No MI
         1732          Townhouse                                          20360301                                  200000                            20060401                         79.97000122          No MI
         1733          Single Family                                      20360301                                  184000                            20060401                                  80          No MI
         1734          Condominium                                        20360601                                  172000                            20060701                                  80          No MI
         1735          Single Family                                      20360601                                  559200                            20060701                                  80          No MI
         1736          Multi Family                                       20360601                                  500000                            20060701                                  80          No MI
         1737          PUD                                                20360401                                  220000                            20060501                                  80          No MI
         1738          Single Family                                      20360601                                  188150                            20060701                         74.98999786          No MI
         1739          Multi Family                                       20360601                                  463000                            20060701                         57.52000046          No MI
         1740          Multi Family                                       20360601                                  462000                            20060701                                  70          No MI
         1741          Townhouse                                          20360301                                  140000                            20060401                                  80          No MI
         1742          Multi Family                                       20360601                                  262500                            20060701                                  75          No MI
         1743          Single Family                                      20360301                                  166000                            20060401                                  80          No MI
         1744          Multi Family                                       20360601                                  820000                            20060701                         69.19999695          No MI
         1745          Townhouse                                          20360301                                  271900                            20060401                         79.98999786          No MI
         1746          Multi Family                                       20360601                                 1380000                            20060701                         67.31999969          No MI
         1747          Single Family                                      20360401                                  299200                            20060501                                  80          No MI
         1748          Multi Family                                       20360601                                 1260000                            20060701                         65.69000244          No MI
         1749          Single Family                                      20360401                                  119617                            20060501                                  80          No MI
         1750          Single Family                                      20360301                                  189000                            20060401                         79.97000122          No MI
         1751          Multi Family                                       20360601                                  415000                            20060701                         63.84999847          No MI
         1752          Condominium                                        20360101                                   52500                            20060201                                  70          No MI
         1753          Multi Family                                       20360301                                  181600                            20060401                                  80          No MI
         1754          Multi Family                                       20360501                                  898500                            20060601                         74.87999725          No MI
         1755          Townhouse                                          20360301                                  264000                            20060401                                  80          No MI
         1756          Condominium                                        20360301                                  118320                            20060401                                  80          No MI
         1757          Multi Family                                       20360601                                  700000                            20060701                         54.90000153          No MI
         1758          Single Family                                      20360301                                  180000                            20060401                                  80          No MI
         1759          Multi Family                                       20360601                                  690000                            20060701                         75.66000366          No MI
         1760          Single Family                                      20360301                                  260000                            20060401                                  80          No MI
         1761          Condominium                                        20360301                                  288000                            20060401                                  80          No MI
         1762          Single Family                                      20360301                                  288000                            20060401                                  80          No MI
         1763          Single Family                                      20360501                                  855000                            20060601                         65.76999664          No MI
         1764          Single Family                                      20360101                                  258000                            20060201                                  80          No MI
         1765          Single Family                                      20360301                                  152000                            20060401                                  80          No MI
         1766          Single Family                                      20360301                                  225600                            20060401                                  80          No MI
         1767          Multi Family                                       20360501                                  485000                            20060601                         49.49000168          No MI
         1768          Multi Family                                       20360601                                 1625000                            20060701                         76.11000061          No MI
         1769          Single Family                                      20360301                                  528000                            20060401                                  80          No MI
         1770          Multi Family                                       20360601                                  552500                            20060701                                  65          No MI
         1771          PUD                                                20360301                                  547200                            20060401                         79.98999786          No MI
         1772          Single Family                                      20360301                                  384000                            20060401                                  80          No MI
         1773          Multi Family                                       20360601                                 2100000                            20060701                         57.52999878          No MI
         1774          Single Family                                      20360301                                  283143                            20060401                                  80          No MI
         1775          Multi Family                                       20360601                                  541000                            20060701                         54.65000153          No MI
         1776          Single Family                                      20360401                                  186400                            20060501                                  80          No MI
         1777          PUD                                                20360301                                  314720                            20060401                                  80          No MI
         1778          Single Family                                      20360301                                  291000                            20060401                                  80          No MI
         1779          Multi Family                                       20360601                                 1500000                            20060701                         53.09999847          No MI
         1780          Single Family                                      20360301                                  173200                            20060401                                  80          No MI
         1781          Single Family                                      20360401                                  304000                            20060501                         75.80999756          No MI
         1782          Multi Family                                       20360601                                  810000                            20060701                         78.26000214          No MI
         1783          Single Family                                      20360301                                  198800                            20060401                                  80          No MI
         1784          Single Family                                      20360301                                  301191                            20060401                                  80          No MI
         1785          Multi Family                                       20360601                                  915000                            20060701                         28.95999908          No MI
         1786          Single Family                                      20360401                                  125600                            20060501                                  80          No MI
         1787          Condominium                                        20360501                                  300000                            20060601                                  80          No MI
         1788          Single Family                                      20360401                                  279900                            20060501                                  90          Mortgage Guaranty In
         1789          Multi Family                                       20360701                                  800000                            20060801                         55.16999817          No MI
         1790          Multi Family                                       20360601                                  517477                            20060701                         75.54000092          No MI
         1791          Single Family                                      20360401                                  303200                            20060501                                  80          No MI
         1792          PUD                                                20360501                                  309600                            20060601                                  80          No MI
         1793          Multi Family                                       20321101                                  315000                            20021201                                  75          No MI
         1794          PUD                                                20360401                                  417000                            20060501                         77.22000122          No MI
         1795          Multi Family                                       20321201                                 1410000                            20030101                         69.19000244          No MI
         1796          Single Family                                      20360501                                  402600                            20060601                         79.98999786          No MI
         1797          PUD                                                20360501                                  283150                            20060601                         79.98999786          No MI
         1798          Multi Family                                       20321201                                 1270000                            20030101                         67.73000336          No MI
         1799          Multi Family                                       20321201                                  400000                            20030101                         74.06999969          No MI
         1800          Single Family                                      20360401                                  435200                            20060501                                  80          No MI
         1801          Multi Family                                       20360601                                  700000                            20060701                         36.27000046          No MI
         1802          Single Family                                      20360301                                  284000                            20060401                                  80          No MI
         1803          Multi Family                                       20360601                                 1800000                            20060701                         65.09999847          No MI
         1804          Multi Family                                       20360401                                  287840                            20060501                         79.19000244          No MI
         1805          Single Family                                      20360401                                  216000                            20060501                                  80          No MI
         1806          Multi Family                                       20360101                                  698600                            20060201                                  70          No MI
         1807          PUD                                                20360401                                  299920                            20060501                                  80          No MI
         1808          Single Family                                      20360601                                  300000                            20060701                         58.81999969          No MI
         1809          Multi Family                                       20360401                                  105600                            20060501                                  80          No MI
         1810          Multi Family                                       20360701                                  486000                            20060801                                  75          No MI
         1811          Multi Family                                       20360601                                 2700000                            20060701                         60.81000137          No MI
         1812          PUD                                                20360401                                  334400                            20060501                                  80          No MI
         1813          Condominium                                        20360401                                  393750                            20060501                                  75          No MI
         1814          PUD                                                20360401                                  400000                            20060501                                  80          No MI
         1815          Single Family                                      20360401                                   72000                            20060501                                  90          No MI
         1816          Single Family                                      20360401                                  360000                            20060501                                  80          No MI
         1817          Single Family                                      20360401                                  220000                            20060501                                  80          No MI
         1818          Multi Family                                       20360401                                  191500                            20060501                         39.47999954          No MI
         1819          Condominium                                        20360401                                  348000                            20060501                                  75          No MI
         1820          Condominium                                        20360401                                  418000                            20060501                                  80          No MI
         1821          Condominium                                        20360401                                  432000                            20060501                                  80          No MI
         1822          Single Family                                      20360501                                  296800                            20060601                                  80          No MI
         1823          Single Family                                      20360501                                  130400                            20060601                                  80          No MI
         1824          Single Family                                      20360501                                  424000                            20060601                                  80          No MI
         1825          Single Family                                      20360501                                  300000                            20060601                                  80          No MI
         1826          Single Family                                      20360501                                  212000                            20060601                                  80          No MI
         1827          Condominium                                        20360501                                  439960                            20060601                                  80          No MI
         1828          Single Family                                      20360501                                  472000                            20060601                                  80          No MI
         1829          PUD                                                20360401                                  367200                            20060501                                  80          No MI
         1830          Multi Family                                       20360601                                  498000                            20060701                         78.43000031          No MI
         1831          Single Family                                      20360401                                  423873                            20060501                                  80          No MI
         1832          Single Family                                      20360401                                  390000                            20060501                                  65          No MI
         1833          Multi Family                                       20360601                                  304000                            20060701                                  80          No MI
         1834          Single Family                                      20360401                                  208000                            20060501                                  80          No MI
         1835          Multi Family                                       20360601                                 2700000                            20060701                         65.05999756          No MI
         1836          Condominium                                        20360401                                  649600                            20060501                                  65          No MI
         1837          Single Family                                      20360501                                  144800                            20060601                                  80          No MI
         1838          Single Family                                      20360401                                  495000                            20060501                                  75          No MI
         1839          Multi Family                                       20360601                                  548000                            20060701                                  80          No MI
         1840          Multi Family                                       20360401                                  438000                            20060501                         66.36000061          No MI
         1841          Condominium                                        20360401                                  328800                            20060501                                  80          No MI
         1842          Multi Family                                       20360601                                 1300000                            20060701                         47.27000046          No MI
         1843          Multi Family                                       20360401                                  504000                            20060501                                  70          No MI
         1844          Single Family                                      20360401                                  281400                            20060501                                  70          No MI
         1845          Multi Family                                       20360701                                  318750                            20060801                                  75          No MI
         1846          Multi Family                                       20360401                                  560000                            20060501                                  70          No MI
         1847          Condominium                                        20360401                                  139930                            20060501                                  70          No MI
         1848          Multi Family                                       20360601                                  446250                            20060701                                  75          No MI
         1849          Single Family                                      20360401                                  220000                            20060501                                  80          No MI
         1850          Single Family                                      20360401                                  186400                            20060501                                  80          No MI
         1851          Condominium                                        20360401                                  388000                            20060501                                  80          No MI
         1852          Single Family                                      20360401                                  356250                            20060501                                  75          No MI
         1853          Single Family                                      20360501                                  188000                            20060601                                  80          No MI
         1854          Single Family                                      20360401                                  213200                            20060501                                  80          No MI
         1855          Multi Family                                       20360601                                  471344                            20060701                         62.84999847          No MI
         1856          Multi Family                                       20360601                                 1000000                            20060701                         50.88999939          No MI
         1857          Single Family                                      20360501                                  262750                            20060601                                  80          No MI
         1858          Multi Family                                       20360601                                 1525000                            20060701                         74.13999939          No MI
         1859          Multi Family                                       20360601                                  788000                            20060701                                  80          No MI
         1860          Condominium                                        20360401                                  268000                            20060501                                  80          No MI
         1861          Multi Family                                       20360601                                  434000                            20060701                         71.73999786          No MI
         1862          Single Family                                      20360501                                  632000                            20060601                                  80          No MI
         1863          Multi Family                                       20360501                                  204000                            20060601                                  80          No MI
         1864          Single Family                                      20360401                                  480000                            20060501                                  80          No MI
         1865          Single Family                                      20360501                                  160680                            20060601                                  80          No MI
         1866          Single Family                                      20360501                                  424000                            20060601                                  80          No MI
         1867          Single Family                                      20360501                                  276000                            20060601                                  80          No MI
         1868          Single Family                                      20360501                                  300000                            20060601                                  80          No MI
         1869          Single Family                                      20360501                                  292500                            20060601                         88.63999939          No MI
         1870          Single Family                                      20360501                                  500000                            20060601                                  80          No MI
         1871          Single Family                                      20360501                                  336000                            20060601                                  80          No MI
         1872          Single Family                                      20360501                                  235200                            20060601                                  80          No MI
         1873          Single Family                                      20360501                                  303200                            20060601                                  80          No MI
         1874          Single Family                                      20360601                                   88900                            20060701                                  70          No MI
         1875          Single Family                                      20360501                                  661500                            20060601                                  70          No MI
         1876          Single Family                                      20360501                                  435000                            20060601                         65.41000366          No MI
         1877          Single Family                                      20360501                                  481600                            20060601                                  80          No MI
         1878          Single Family                                      20360501                                 1000000                            20060601                         65.36000061          No MI
         1879          Single Family                                      20360601                                  425000                            20060701                         72.02999878          No MI
         1880          Single Family                                      20360601                                  106400                            20060701                                  80          No MI
         1881          PUD                                                20360601                                  612000                            20060701                                  80          No MI
         1882          Condominium                                        20360601                                  462400                            20060701                                  80          No MI
         1883          Single Family                                      20360501                                  326400                            20060601                                  80          No MI
         1884          Single Family                                      20360601                                  180000                            20060701                         72.73000336          No MI
         1885          Single Family                                      20360601                                  540000                            20060701                                  75          No MI
         1886          Single Family                                      20360601                                  430000                            20060701                         69.91999817          No MI
         1887          Single Family                                      20360501                                  212000                            20060601                                  80          No MI
         1888          Single Family                                      20360501                                  253400                            20060601                                  70          No MI
         1889          Condominium                                        20360401                                  122400                            20060501                                  80          No MI
         1890          Condominium                                        20360401                                  122400                            20060501                                  80          No MI
         1891          Single Family                                      20360501                                  272000                            20060601                                  80          No MI
         1892          Single Family                                      20360601                                  302400                            20060701                                  80          No MI
         1893          Single Family                                      20360501                                  994000                            20060601                         76.45999908          No MI
         1894          Single Family                                      20360501                                  304000                            20060601                                  80          No MI
         1895          Multi Family                                       20360601                                  264000                            20060701                                  80          No MI
         1896          Condominium                                        20360601                                  101125                            20060701                         79.30999756          No MI
         1897          Multi Family                                       20360601                                  938400                            20060701                                  80          No MI
         1898          Single Family                                      20360401                                  264000                            20060501                                  80          No MI
         1899          Multi Family                                       20360601                                  460000                            20060701                         78.36000061          No MI
         1900          Condominium                                        20360401                                  392000                            20060501                                  70          No MI
         1901          Multi Family                                       20360601                                  610000                            20060701                                  61          No MI
         1902          Condominium                                        20360401                                  184100                            20060501                                  70          No MI
         1903          PUD                                                20360401                                  340100                            20060501                                  95          Radian Guaranty
         1904          Multi Family                                       20360501                                 5350000                            20060601                         61.13999939          No MI
         1905          PUD                                                20360501                                  144000                            20060601                                  80          No MI
         1906          Single Family                                      20360501                                  417000                            20060601                         71.27999878          No MI
         1907          Single Family                                      20360501                                  209900                            20060601                         74.98999786          No MI
         1908          Condominium                                        20360501                                  228000                            20060601                                  80          No MI
         1909          Single Family                                      20360501                                  202400                            20060601                                  80          No MI
         1910          Single Family                                      20360601                                  324000                            20060701                                  80          No MI
         1911          Multi Family                                       20360501                                  531650                            20060601                                  70          No MI
         1912          Single Family                                      20360501                                  299250                            20060601                                  75          No MI
         1913          PUD                                                20360601                                  160000                            20060701                               63.75          No MI
         1914          Single Family                                      20360301                                  200000                            20060401                         57.13999939          No MI
         1915          PUD                                                20360501                                  506750                            20060601                                  70          No MI
         1916          Condominium                                        20360501                                  270000                            20060601                         58.70000076          No MI
         1917          Single Family                                      20360501                                  387712                            20060601                                  75          No MI
         1918          Multi Family                                       20360601                                  510000                            20060701                         59.65000153          No MI
         1919          Condominium                                        20360301                                  183920                            20060401                                  80          No MI
         1920          Single Family                                      20360601                                  560000                            20060701                                  80          No MI
         1921          PUD                                                20360401                                  454800                            20060501                                  80          No MI
         1922          PUD                                                20360401                                  415200                            20060501                                  80          No MI
         1923          Multi Family                                       20360601                                  451600                            20060701                         47.54000092          No MI
         1924          Multi Family                                       20360601                                  900000                            20060701                         61.63999939          No MI
         1925          PUD                                                20360401                                  745500                            20060501                                  70          No MI
         1926          Multi Family                                       20360701                                 1090000                            20060801                         55.90000153          No MI
         1927          Multi Family                                       20360601                                  830000                            20060701                         43.68000031          No MI
         1928          Multi Family                                       20360501                                  650000                            20060601                         79.26999664          No MI
         1929          Multi Family                                       20360601                                 5300000                            20060701                         63.86000061          No MI
         1930          Single Family                                      20360301                                   92800                            20060401                                  80          No MI
         1931          Single Family                                      20360601                                  444000                            20060701                                  80          No MI
         1932          Multi Family                                       20360601                                 1035000                            20060701                         66.76999664          No MI
         1933          Single Family                                      20360501                                  352000                            20060601                                  80          No MI
         1934          Condominium                                        20360601                                  188000                            20060701                                  80          No MI
         1935          Single Family                                      20360301                                  248000                            20060401                                  80          No MI
         1936          Multi Family                                       20360601                                 1700000                            20060701                         72.33999634          No MI
         1937          Single Family                                      20360501                                  308000                            20060601                                  80          No MI
         1938          Single Family                                      20360301                                  359950                            20060401                                  80          No MI
         1939          Single Family                                      20360601                                  136000                            20060701                                  80          No MI
         1940          Single Family                                      20360601                                  495250                            20060701                                  70          No MI
         1941          Condominium                                        20360501                                  396000                            20060601                                  80          No MI
         1942          Multi Family                                       20360601                                  603000                            20060701                         74.91000366          No MI
         1943          Single Family                                      20360301                                  285550                            20060401                                  80          No MI
         1944          Single Family                                      20360501                                  240000                            20060601                                  80          No MI
         1945          Multi Family                                       20360601                                 1079000                            20060701                         59.11999893          No MI
         1946          Townhouse                                          20360301                                  260000                            20060401                                  80          No MI
         1947          PUD                                                20360601                                  196000                            20060701                                  80          No MI
         1948          Single Family                                      20360501                                  599000                            20060601                         74.91999817          No MI
         1949          Single Family                                      20360301                                  344000                            20060401                                  80          No MI
         1950          Condominium                                        20360601                                  650000                            20060701                         68.41999817          No MI
         1951          Multi Family                                       20360601                                  413000                            20060701                         51.29999924          No MI
         1952          Condominium                                        20360601                                  169600                            20060701                                  80          No MI
         1953          Single Family                                      20360601                                  378000                            20060701                                  70          No MI
         1954          Single Family                                      20360501                                  176000                            20060601                                  80          No MI
         1955          Single Family                                      20360601                                  123750                            20060701                                  75          No MI
         1956          Single Family                                      20360701                                  382500                            20060801                                  75          No MI
         1957          PUD                                                20360501                                  426100                            20060601                         79.98999786          No MI
         1958          Single Family                                      20360701                                  250000                            20060801                         79.87000275          No MI
         1959          Single Family                                      20360501                                  315000                            20060601                         70.62999725          No MI
         1960          Single Family                                      20360501                                  396000                            20060601                                  80          No MI
         1961          PUD                                                20360601                                  624750                            20060701                                  75          No MI
         1962          Single Family                                      20360701                                  288750                            20060801                                  75          No MI
         1963          Condominium                                        20360501                                  373097                            20060601                                  80          No MI
         1964          Single Family                                      20360501                                  568000                            20060601                                  80          No MI
         1965          Single Family                                      20360501                                  428000                            20060601                                  80          No MI
         1966          Single Family                                      20360501                                  176000                            20060601                                  80          No MI
         1967          Multi Family                                       20360501                                  525000                            20060601                         69.08000183          No MI
         1968          Single Family                                      20360601                                  144900                            20060701                                  70          No MI
         1969          Single Family                                      20360501                                  294450                            20060601                         79.98999786          No MI
         1970          Single Family                                      20360501                                  588000                            20060601                                  80          No MI
         1971          PUD                                                20360501                                  418400                            20060601                                  80          No MI
         1972          Single Family                                      20360601                                  175000                            20060701                                  70          No MI
         1973          Single Family                                      20360501                                  430400                            20060601                                  80          No MI
         1974          Condominium                                        20360601                                  350000                            20060701                                  70          No MI
         1975          Condominium                                        20360601                                  151200                            20060701                                  80          No MI
         1976          Single Family                                      20360601                                  319500                            20060701                                  75          No MI
         1977          Single Family                                      20360501                                  172500                            20060601                                  75          No MI
         1978          Multi Family                                       20360601                                  140000                            20060701                                  70          No MI
         1979          Single Family                                      20360601                                  331500                            20060701                                  75          No MI
         1980          Multi Family                                       20360601                                  168750                            20060701                                  75          No MI
         1981          Single Family                                      20360601                                  360000                            20060701                                  75          No MI
         1982          Condominium                                        20360601                                  326250                            20060701                                  75          No MI
         1983          Single Family                                      20360601                                  280000                            20060701                         64.80999756          No MI
         1984          Single Family                                      20360601                                  391930                            20060701                                  70          No MI
         1985          PUD                                                20360601                                  251000                            20060701                         66.93000031          No MI
         1986          Condominium                                        20360401                                  202400                            20060501                                  80          No MI
         1987          PUD                                                20360501                                  152550                            20060601                         79.98000336          No MI
         1988          Single Family                                      20360501                                  340000                            20060601                                  80          No MI
         1989          Multi Family                                       20360701                                  622500                            20060801                                  75          No MI
         1990          Single Family                                      20360401                                  109600                            20060501                                  80          No MI
         1991          Multi Family                                       20360601                                  240000                            20060701                         69.56999969          No MI
         1992          Single Family                                      20351201                                  148000                            20060101                                  80          No MI
         1993          Single Family                                      20360401                                  348000                            20060501                                  80          No MI
         1994          Single Family                                      20201101                                   32000                            20051201                                  90          No MI
         1995          Condominium                                        20360401                                  123200                            20060501                                  80          No MI
         1996          Condominium                                        20360401                                  260400                            20060501                                  80          No MI
         1997          Condominium                                        20351101                                  333600                            20051201                                  80          No MI
         1998          Multi Family                                       20360501                                  568000                            20060601                                  80          No MI
         1999          Single Family                                      20360501                                  200000                            20060601                                  80          No MI
         2000          Single Family                                      20360501                                  330400                            20060601                         75.08999634          No MI
         2001          Multi Family                                       20360601                                  504750                            20060701                                  75          No MI
         2002          PUD                                                20360501                                  212736                            20060601                                  80          No MI
         2003          Single Family                                      20360701                                  140000                            20060801                         77.34999847          No MI
         2004          Single Family                                      20201201                                   30000                            20060101                                  90          No MI
         2005          Single Family                                      20360601                                  360000                            20060701                                  80          No MI
         2006          Condominium                                        20360501                                  213000                            20060601                         69.83999634          No MI
         2007          PUD                                                20201201                                   37900                            20060101                                 100          No MI
         2008          Single Family                                      20360301                                  881250                            20060401                                  75          No MI
         2009          PUD                                                20360601                                  471200                            20060701                                  80          No MI
         2010          Single Family                                      20210101                                   54000                            20060201                                  90          No MI
         2011          PUD                                                20360601                                  224000                            20060701                                  80          No MI
         2012          Single Family                                      20360501                                  620000                            20060601                         45.93000031          No MI
         2013          PUD                                                20201201                                  141000                            20060101                                 100          No MI
         2014          Single Family                                      20360601                                  750000                            20060701                         66.66999817          No MI
         2015          Single Family                                      20360501                                  520000                            20060601                         58.43000031          No MI
         2016          Single Family                                      20360601                                  480000                            20060701                                  80          No MI
         2017          Single Family                                      20360601                                  272048                            20060701                                  80          No MI
         2018          Single Family                                      20201201                                  100000                            20060101                                 100          No MI
         2019          Condominium                                        20360601                                  185600                            20060701                                  80          No MI
         2020          Single Family                                      20360601                                  344250                            20060701                                  75          No MI
         2021          Single Family                                      20251201                                   66000                            20060101                                 100          No MI
         2022          Single Family                                      20360501                                  712000                            20060601                                  80          No MI
         2023          Single Family                                      20360601                                  210000                            20060701                                  80          No MI
         2024          Single Family                                      20201101                                   89123                            20051201                                 100          No MI
         2025          Townhouse                                          20201101                                  120000                            20051201                                 100          No MI
         2026          Single Family                                      20360601                                  330375                            20060701                                  75          No MI
         2027          PUD                                                20360601                                  348650                            20060701                         79.98999786          No MI
         2028          PUD                                                20200801                                   42500                            20050901                                  90          No MI
         2029          PUD                                                20360501                                  354450                            20060601                                  80          No MI
         2030          Single Family                                      20360601                                  274400                            20060701                                  80          No MI
         2031          PUD                                                20360601                                  266700                            20060701                                  70          No MI
         2032          PUD                                                20360601                                  188000                            20060701                                  80          No MI
         2033          Single Family                                      20360501                                  248500                            20060601                                  70          No MI
         2034          Single Family                                      20360601                                  308000                            20060701                                  80          No MI
         2035          Single Family                                      20351201                                  810000                            20060101                                  75          No MI
         2036          Single Family                                      20360601                                  272000                            20060701                                  80          No MI
         2037          Single Family                                      20360601                                  135000                            20060701                                  75          No MI
         2038          Single Family                                      20201201                                   30400                            20060101                         99.61000061          No MI
         2039          Single Family                                      20360601                                  181600                            20060701                                  80          No MI
         2040          Single Family                                      20360401                                  289200                            20060501                                  80          No MI
         2041          Condominium                                        20360401                                  383200                            20060501                                  80          No MI
         2042          Single Family                                      20360501                                  281600                            20060601                                  80          No MI
         2043          Single Family                                      20360401                                  330000                            20060501                         71.73999786          No MI
         2044          PUD                                                20360601                                  316000                            20060701                                  80          No MI
         2045          Single Family                                      20360601                                  577500                            20060701                                  75          No MI
         2046          PUD                                                20210101                                  104400                            20060201                                 100          No MI
         2047          Single Family                                      20360401                                  192000                            20060501                                  80          No MI
         2048          PUD                                                20360501                                  302500                            20060601                         79.98999786          No MI
         2049          Single Family                                      20360401                                  171000                            20060501                         48.16999817          No MI
         2050          Single Family                                      20360601                                  198650                            20060701                         74.98999786          No MI
         2051          Single Family                                      20360501                                  301250                            20060601                                  80          No MI
         2052          Condominium                                        20360601                                  276050                            20060701                         74.98999786          No MI
         2053          Single Family                                      20360401                                  471200                            20060501                                  80          No MI
         2054          Single Family                                      20351201                                  495000                            20060101                                  90          Radian Guaranty
         2055          PUD                                                20360601                                  375900                            20060701                                  80          No MI
         2056          PUD                                                20360401                                  163750                            20060501                         79.98999786          No MI
         2057          Single Family                                      20360401                                  550000                            20060501                         79.13999939          No MI
         2058          Single Family                                      20360401                                  492000                            20060501                                  80          No MI
         2059          Condominium                                        20360701                                  158900                            20060801                                  70          No MI
         2060          Single Family                                      20360401                                  484000                            20060501                                  80          No MI
         2061          Condominium                                        20360501                                  236600                            20060601                                  65          No MI
         2062          PUD                                                20360601                                  403500                            20060701                                  75          No MI
         2063          Single Family                                      20210101                                  128000                            20060201                                 100          No MI
         2064          Single Family                                      20360701                                  624000                            20060801                                  80          No MI
         2065          Single Family                                      20360501                                  564000                            20060601                                  80          No MI
         2066          Single Family                                      20360501                                  504000                            20060601                                  80          No MI
         2067          PUD                                                20201201                                   57000                            20060101                                 100          No MI
         2068          Single Family                                      20360601                                   70000                            20060701                                  70          No MI
         2069          Single Family                                      20201201                                  235000                            20060101                                 100          No MI
         2070          Condominium                                        20360301                                  298000                            20060401                         64.77999878          No MI
         2071          PUD                                                20360601                                  130600                            20060701                                  80          No MI
         2072          Single Family                                      20360401                                  252000                            20060501                                  80          No MI
         2073          Single Family                                      20360501                                  373950                            20060601                         79.98999786          No MI
         2074          Single Family                                      20360601                                  131800                            20060701                         79.98000336          No MI
         2075          Single Family                                      20360601                                  280900                            20060701                         79.98999786          No MI
         2076          Single Family                                      20360501                                  225200                            20060601                         64.98999786          No MI
         2077          Single Family                                      20360601                                  507500                            20060701                                  70          No MI
         2078          Single Family                                      20360601                                  326000                            20060701                         78.93000031          No MI
         2079          Single Family                                      20360401                                  800000                            20060501                                  80          No MI
         2080          Condominium                                        20201001                                   83000                            20051101                                 100          No MI
         2081          Single Family                                      20201201                                   60000                            20060101                                 100          No MI
         2082          Single Family                                      20360401                                  417000                            20060501                         64.65000153          No MI
         2083          Single Family                                      20360701                                   87500                            20060801                                  70          No MI
         2084          Multi Family                                       20360101                                   58500                            20060201                                  95          No MI
         2085          PUD                                                20360601                                  398600                            20060701                                  80          No MI
         2086          PUD                                                20210101                                  107564                            20060201                                 100          No MI
         2087          Single Family                                      20360401                                  468000                            20060501                                  80          No MI
         2088          Single Family                                      20360701                                  463500                            20060801                                  75          No MI
         2089          Single Family                                      20360401                                  365000                            20060501                         71.56999969          No MI
         2090          Single Family                                      20360601                                  319920                            20060701                                  80          No MI
         2091          Single Family                                      20360501                                  287200                            20060601                                  80          No MI
         2092          Multi Family                                       20360401                                  471200                            20060501                                  80          No MI
         2093          Multi Family                                       20360601                                  236800                            20060701                                  80          No MI
         2094          Condominium                                        20360401                                  187500                            20060501                                  75          No MI
         2095          Single Family                                      20360501                                  120000                            20060601                         43.63999939          No MI
         2096          Multi Family                                       20360601                                  258750                            20060701                                  75          No MI
         2097          Multi Family                                       20360601                                  640500                            20060701                                  70          No MI
         2098          Multi Family                                       20360601                                  422500                            20060701                                  65          No MI
         2099          Single Family                                      20360601                                  495000                            20060701                                  75          No MI
         2100          Condominium                                        20360501                                  174300                            20060601                         79.98999786          No MI
         2101          Multi Family                                       20360501                                  290500                            20060601                                  70          No MI
         2102          Single Family                                      20360601                                  550000                            20060701                         56.81999969          No MI
         2103          Multi Family                                       20360601                                  285500                            20060701                         79.98999786          No MI
         2104          Single Family                                      20360601                                  460000                            20060701                                  80          No MI
         2105          Single Family                                      20360601                                  260000                            20060701                         46.43000031          No MI
         2106          Single Family                                      20360601                                  418000                            20060701                         69.90000153          No MI
         2107          Multi Family                                       20360601                                  383900                            20060701                         63.45000076          No MI
         2108          Single Family                                      20360501                                  339000                            20060601                                  60          No MI
         2109          Single Family                                      20360601                                  213500                            20060701                                  70          No MI
         2110          Single Family                                      20360501                                  131300                            20060601                                  65          No MI
         2111          Single Family                                      20360601                                  444500                            20060701                                  70          No MI
         2112          PUD                                                20360701                                  140000                            20060801                                  70          No MI
         2113          Single Family                                      20360401                                  195000                            20060501                                  75          No MI
         2114          Single Family                                      20360601                                 1470000                            20060701                                  70          No MI
         2115          Single Family                                      20360701                                  225000                            20060801                                  75          No MI
         2116          Single Family                                      20360601                                  276600                            20060701                         69.98999786          No MI
         2117          PUD                                                20360701                                  150000                            20060801                                  80          No MI
         2118          PUD                                                20360601                                  495000                            20060701                                  75          No MI
         2119          Single Family                                      20360501                                  465000                            20060601                                  75          No MI
         2120          Condominium                                        20360501                                  420000                            20060601                                  80          No MI
         2121          Single Family                                      20360601                                  155200                            20060701                                  80          No MI
         2122          Condominium                                        20360601                                  447500                            20060701                                76.5          No MI
         2123          PUD                                                20360601                                  227440                            20060701                                  75          No MI
         2124          Single Family                                      20360501                                  404250                            20060601                                  77          No MI
         2125          PUD                                                20250901                                   72000                            20051001                                 100          No MI
         2126          Single Family                                      20360601                                  276500                            20060701                                  70          No MI
         2127          Single Family                                      20251001                                   88000                            20051101                                 100          No MI
         2128          Single Family                                      20201001                                   31950                            20051101                                 100          No MI
         2129          Single Family                                      20360401                                  192000                            20060501                                  80          No MI
         2130          Multi Family                                       20201001                                   80000                            20051101                                 100          No MI
         2131          Single Family                                      20201001                                   88000                            20051101                                 100          No MI
         2132          Single Family                                      20201001                                  125000                            20051101                                 100          No MI
         2133          Condominium                                        20360401                                  165900                            20060501                                  70          No MI
         2134          Multi Family                                       20360401                                  378000                            20060501                                  75          No MI
         2135          Condominium                                        20351101                                  285600                            20051201                                  80          No MI
         2136          Single Family                                      20351201                                  376000                            20060101                                  80          No MI
         2137          Single Family                                      20360501                                  375000                            20060601                         74.26000214          No MI
         2138          Condominium                                        20360501                                  258300                            20060601                                  70          No MI
         2139          Multi Family                                       20351101                                  392000                            20051201                                  80          No MI
         2140          Single Family                                      20360301                                  452000                            20060401                                  80          No MI
         2141          Condominium                                        20360601                                  300000                            20060701                                  80          No MI
         2142          Single Family                                      20360501                                  430260                            20060601                         81.94999695          No MI
         2143          Single Family                                      20360501                                  229500                            20060601                                  85          No MI
         2144          Single Family                                      20360601                                  285000                            20060701                         57.58000183          No MI
         2145          Single Family                                      20360501                                  280000                            20060601                                  80          No MI
         2146          Single Family                                      20360401                                  280000                            20060501                         54.90000153          No MI
         2147          Single Family                                      20360201                                  340000                            20060301                                  80          No MI
         2148          Single Family                                      20360301                                  358350                            20060401                         79.98999786          No MI
         2149          Single Family                                      20360401                                  300000                            20060501                         57.13999939          No MI
         2150          Condominium                                        20360601                                  130000                            20060701                         21.30999947          No MI
         2151          Multi Family                                       20360401                                  555000                            20060501                                  75          No MI
         2152          Multi Family                                       20360401                                 5512500                            20060501                         77.09999847          No MI
         2153          Multi Family                                       20360601                                  765000                            20060701                                  75          No MI
         2154          Multi Family                                       20360601                                  731250                            20060701                         75.38999939          No MI
         2155          Multi Family                                       20360601                                  927100                            20060701                         73.12000275          No MI
         2156          Single Family                                      20201001                                   33200                            20051101                                 100          No MI
         2157          Single Family                                      20250901                                   27000                            20051001                                 100          No MI
         2158          Single Family                                      20200901                                  111000                            20051001                                 100          No MI
         2159          Single Family                                      20321101                                  525000                            20021201                         67.30999756          No MI
         2160          Single Family                                      20201001                                   31200                            20051101                                 100          No MI
         2161          Single Family                                      20251001                                   51980                            20051101                                 100          No MI
         2162          Single Family                                      20200901                                   28980                            20051001                                 100          No MI
         2163          Single Family                                      20200901                                  106000                            20051001                                 100          No MI
         2164          Single Family                                      20251001                                   32000                            20051101                                 100          No MI
         2165          PUD                                                20350901                                  132000                            20051001                                  80          No MI
         2166          Single Family                                      20201001                                   25000                            20051101                                 100          No MI
         2167          Multi Family                                       20360601                                 2500000                            20060701                         60.52999878          No MI
         2168          Single Family                                      20360501                                  140000                            20060601                                  70          No MI
         2169          Condominium                                        20360201                                  149192                            20060301                                  80          No MI
         2170          Condominium                                        20360201                                  109400                            20060301                         74.98000336          No MI
         2171          PUD                                                20360401                                  329700                            20060501                                  80          No MI
         2172          Multi Family                                       20360601                                  572500                            20060701                         36.45999908          No MI
         2173          Condominium                                        20351201                                  197592                            20060101                                  80          No MI

          LOAN                    MERS_ID1                   MARGIN            NEXT_RATE_ADJ_DATE1           MAX_RATE                 MIN_RATE               PER_RATE_CAP                LIEN
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
            1                                                 2.5                    20160601                 13.125                   7.125                      1                   First Lien
            2                100187000000000000               3.25                   20110501                  12.25                    3.25                      1                   First Lien
            3                100183000000000000                4                     20110301                 13.375                     4                        2                   First Lien
            4                100187000000000000               3.25                   20110501                 11.875                    3.25                      1                   First Lien
            5                100183000000000000                4                     20110301                 13.375                     4                        2                   First Lien
            6                100054000000000000               3.5                    20110601                   14                      3.5                       1                   First Lien
            7                100300000000000000               3.25                   20080501                  11.75                    3.25                      1                   First Lien
            8                100054000000000000               3.5                    20110601                   14                      3.5                       1                   First Lien
            9                100054000000000000               4.5                    20090601                 13.375                    4.5                       1                   First Lien
           10                                                 2.75                   20160601                  12.5                     6.5                       1                   First Lien
           11                                                 2.5                    20110601                  12.8                     6.8                       1                   First Lien
           12                                                 2.5                    20130501                 12.725                   6.725                      1                   First Lien
           13                100183000000000000                4                     20110301                 13.375                     4                        2                   First Lien
           14                                                 2.5                    20110501                 12.675                   6.675                      1                   First Lien
           15                100187000000000000               3.25                   20110501                  11.5                     3.25                      1                   First Lien
           16                100183000000000000                4                     20110301                 13.375                     4                        2                   First Lien
           17                100300000000000000               3.25                   20110501                 11.875                    3.25                      1                   First Lien
           18                100054000000000000               4.5                    20080601                 13.625                    4.5                       1                   First Lien
           19                                                  3                     20110601                  13.75                    7.75                      1                   First Lien
           20                100183000000000000                4                     20110301                 13.375                     4                        2                   First Lien
           21                100360000000000000               4.5                    20090501                 13.375                    4.5                       1                   First Lien
           22                100054000000000000               4.5                    20090501                   13                      4.5                       1                   First Lien
           23                100054000000000000               4.5                    20090601                 12.805                    4.5                       1                   First Lien
           24                100183000000000000                4                     20110301                 13.125                     4                        2                   First Lien
           25                100054000000000000              3.875                   20090601                  12.5                    3.875                      1                   First Lien
           26                100300000000000000               3.25                   20110501                   12                      3.25                      1                   First Lien
           27                                                 2.75                   20160501                  12.5                     6.5                       1                   First Lien
           28                100183000000000000                4                     20110301                  13.25                     4                        2                   First Lien
           29                100054000000000000               3.75                   20130501                 13.875                    3.75                      1                   First Lien
           30                100300000000000000               3.25                   20090501                 11.375                    3.25                      1                   First Lien
           31                                                 2.45                   20090601                 12.975                   6.725                      1                   First Lien
           32                100183000000000000                4                     20110301                  13.25                     4                        2                   First Lien
           33                100054000000000000               4.5                    20090501                  12.75                    4.5                       1                   First Lien
           34                100360000000000000               4.5                    20080501                 13.875                    4.5                       1                   First Lien
           35                100183000000000000                4                     20110301                 13.625                     4                        2                   First Lien
           36                                                 2.75                   20160601                 12.375                   6.375                      1                   First Lien
           37                100176000000000000               4.5                    20090501                 13.625                    4.5                       1                   First Lien
           38                100054000000000000               3.75                   20130501                 13.275                    3.75                      1                   First Lien
           39                100183000000000000                4                     20110301                 12.875                     4                        2                   First Lien
           40                                                 2.5                    20110601                 12.825                   6.825                      1                   First Lien
           41                100300000000000000               3.25                   20110301                  12.25                    3.25                      1                   First Lien
           42                                                 2.5                    20110601                  13.05                    7.05                      1                   First Lien
           43                100183000000000000                4                     20110301                  13.5                      4                        2                   First Lien
           44                                                  3                     20110501                  13.6                     7.6                       1                   First Lien
           45                100183000000000000              3.375                   20110201                 12.625                   3.375                      1                   First Lien
           46                100267000000000000               4.5                    20080501                  14.5                     4.5                       1                   First Lien
           47                100054000000000000              3.875                   20130601                  14.35                   3.875                      1                   First Lien
           48                100054000000000000               3.5                    20110601                 11.875                    3.5                       1                   First Lien
           49                100133000000000000               3.75                   20130401                  13.5                     3.75                      1                   First Lien
           50                                                 2.5                    20090601                 12.875                   6.875                      1                   First Lien
           51                                                  3                     20110501                  14.1                     8.1                       1                   First Lien
           52                100183000000000000                4                     20110301                  13.5                      4                        2                   First Lien
           53                                                 2.75                   20160601                  12.5                     6.5                       1                   First Lien
           54                100133000000000000               3.5                    20110501                   13                      3.5                       1                   First Lien
           55                100079000000000000               2.25                   20110101                 10.625                    2.25                      1                   First Lien
           56                100054000000000000               3.75                   20130701                  13.75                    3.75                      1                   First Lien
           57                100133000000000000               3.5                    20110501                 13.625                    3.5                       1                   First Lien
           58                100332000000000000               3.5                    20080401                  13.75                    3.5                       1                   First Lien
           59                100360000000000000               3.5                    20110501                 12.625                    3.5                       1                   First Lien
           60                100054000000000000               3.5                    20110601                  13.99                    3.5                       1                   First Lien
           61                100360000000000000               4.5                    20090501                  12.75                    4.5                       1                   First Lien
           62                100054000000000000               4.5                    20090601                  12.5                     4.5                       1                   First Lien
           63                100212000000000000               3.5                    20110401                  15.1                     3.5                       1                   First Lien
           64                100320000000000000               4.5                    20090601                  13.75                    4.5                       1                   First Lien
           65                100183000000000000                4                     20110301                 13.625                     4                        2                   First Lien
           66                100054000000000000               3.5                    20110601                 13.875                    3.5                       1                   First Lien
           67                100054000000000000               3.75                   20130501                  13.5                     3.75                      1                   First Lien
           68                100183000000000000                4                     20110401                  12.75                     4                        2                   First Lien
           69                100212000000000000              4.375                   20110401                   13                     4.375                      1                   First Lien
           70                100183000000000000                4                     20110401                 13.875                     4                        2                   First Lien
           71                100212000000000000               2.25                   20110401                  13.5                     2.25                      2                   First Lien
           72                100054000000000000               3.75                   20130501                   13                      3.75                      1                   First Lien
           73                100183000000000000                4                     20110401                   14                       4                        2                   First Lien
           74                100212000000000000               2.75                   20110401                  13.25                    2.75                      2                   First Lien
           75                100054000000000000               3.5                    20110601                 12.375                    3.5                       1                   First Lien
           76                100212000000000000                3                     20110401                 11.625                     3                        1                   First Lien
           77                100054000000000000              3.875                   20110501                   13                     3.875                      1                   First Lien
           78                100183000000000000                4                     20110401                  13.75                     4                        2                   First Lien
           79                100183000000000000                4                     20110401                  15.25                     4                        2                   First Lien
           80                100212000000000000              4.375                   20110401                   13                     4.375                      1                   First Lien
           81                100054000000000000               6.55                   20080501                 13.375                    6.55                      1                   First Lien
           82                100183000000000000                4                     20110401                 12.875                     4                        2                   First Lien
           83                100054000000000000               4.5                    20080501                 14.625                    4.5                       1                   First Lien
           84                100183000000000000                4                     20110401                 14.625                     4                        2                   First Lien
           85                100360000000000000               4.5                    20090501                  12.75                    4.5                       1                   First Lien
           86                100300000000000000               3.75                   20130501                 13.625                    3.75                      1                   First Lien
           87                100212000000000000                4                     20110401                 12.625                     4                        1                   First Lien
           88                100212000000000000               4.25                   20110401                 12.875                    4.25                      1                   First Lien
           89                100054000000000000               3.75                   20130601                 13.875                    3.75                      1                   First Lien
           90                100054000000000000               3.75                   20130501                 13.875                    3.75                      1                   First Lien
           91                100212000000000000               4.25                   20110401                 12.875                    4.25                      1                   First Lien
           92                100212000000000000              4.125                   20110401                  12.75                   4.125                      1                   First Lien
           93                100054000000000000               3.75                   20130501                  13.38                    3.75                      1                   First Lien
           94                100212000000000000                4                     20110401                 12.625                     4                        1                   First Lien
           95                100360000000000000               4.5                    20090501                 12.625                    4.5                       1                   First Lien
           96                100054000000000000               3.75                   20130501                  13.99                    3.75                      1                   First Lien
           97                100332000000000000               4.5                    20080501                  15.5                     4.5                       1                   First Lien
           98                100054000000000000               3.75                   20130501                  13.5                     3.75                      1                   First Lien
           99                100212000000000000               2.75                   20110401                  12.5                     2.75                      2                   First Lien
           100               100182000000000000               3.75                   20130501                 14.625                    3.75                      1                   First Lien
           101               100054000000000000                3                     20070501                 13.125                     3                        2                   First Lien
           102               100212000000000000               3.5                    20110401                 12.125                    3.5                       1                   First Lien
           103               100054000000000000               3.5                    20110501                  14.4                     3.5                       1                   First Lien
           104               100212000000000000               2.25                   20110401                 12.125                    2.25                      1                   First Lien
           105               100136000000000000               3.75                   20130401                  13.25                    3.75                      1                   First Lien
           106               100054000000000000               3.75                   20130501                  13.5                     3.75                      1                   First Lien
           107               100212000000000000               2.25                   20110401                  13.75                    2.25                      1                   First Lien
           108               100357000000000000               3.75                   20130401                  13.25                    3.75                      1                   First Lien
           109               100054000000000000               3.75                   20130501                 14.125                    3.75                      1                   First Lien
           110               100360000000000000               4.5                    20090501                  12.5                     4.5                       1                   First Lien
           111               100212000000000000              3.125                   20110401                  11.75                   3.125                      1                   First Lien
           112               100360000000000000               4.5                    20090501                  12.75                    4.5                       1                   First Lien
           113               100054000000000000               3.75                   20130501                  14.3                     3.75                      1                   First Lien
           114               100360000000000000               3.75                   20090501                 12.625                    3.75                      1                   First Lien
           115               100360000000000000               3.5                    20110501                 12.625                    3.5                       1                   First Lien
           116               100133000000000000               3.5                    20110501                  12.75                    3.5                       1                   First Lien
           117               100212000000000000               2.25                   20160401                   13                      2.25                      2                   First Lien
           118               100360000000000000               4.5                    20080501                  13.75                    4.5                       1                   First Lien
           119               100054000000000000               4.5                    20090501                 12.625                    4.5                       1                   First Lien
           120               100360000000000000               3.75                   20130601                  12.5                     3.75                      1                   First Lien
           121               100054000000000000               4.5                    20090501                  12.93                    4.5                       1                   First Lien
           122               100054000000000000                4                     20130501                  13.25                     4                        1                   First Lien
           123               100063000000000000               4.5                    20090501                  12.75                    4.5                       1                   First Lien
           124               100182000000000000               4.5                    20080501                  13.95                    4.5                       1                   First Lien
           125               100054000000000000               3.75                   20130601                 12.875                    3.75                      1                   First Lien
           126               100360000000000000               3.75                   20130501                  12.25                    3.75                      1                   First Lien
           127               100054000000000000              3.875                   20110601                  12.4                    3.875                      1                   First Lien
           128               100136000000000000               3.5                    20110501                 12.875                    3.5                       1                   First Lien
           129               100054000000000000               3.5                    20080501                 12.375                    3.5                       1                   First Lien
           130               100133000000000000               3.75                   20130501                 11.875                    3.75                      1                   First Lien
           131               100054000000000000               4.5                    20090501                  12.8                     4.5                       1                   First Lien
           132               100054000000000000               3.75                   20130501                 12.875                    3.75                      1                   First Lien
           133               100360000000000000               4.5                    20080601                  12.5                     4.5                       1                   First Lien
           134               100054000000000000               3.75                   20130501                  13.5                     3.75                      1                   First Lien
           135               100133000000000000               3.5                    20110501                  13.25                    3.5                       1                   First Lien
           136               100054000000000000               3.75                   20130501                  12.75                    3.75                      1                   First Lien
           137               100316000000000000               3.5                    20110401                 13.125                    3.5                       1                   First Lien
           138               100171000000000000               3.75                   20130501                   13                      3.75                      1                   First Lien
           139               100360000000000000               4.5                    20090501                  13.5                     4.5                       1                   First Lien
           140               100362000000000000               4.5                    20090601                 11.875                    4.5                       1                   First Lien
           141               100378000000000000               6.05                   20080501                 14.625                    6.05                      1                   First Lien
           142               100054000000000000               4.5                    20090501                  12.5                     4.5                       1                   First Lien
           143               100332000000000000              5.375                   20080401                   15                     5.375                      1                   First Lien
           144               100158000000000000               3.5                    20110501                  12.75                    3.5                       1                   First Lien
           145               100054000000000000               3.75                   20130501                  13.75                    3.75                      1                   First Lien
           146               100054000000000000               3.5                    20110501                  14.25                    3.5                       1                   First Lien
           147               100360000000000000               3.75                   20130501                   13                      3.75                      1                   First Lien
           148               100316000000000000               3.5                    20110501                  12.75                    3.5                       1                   First Lien
           149               100133000000000000               3.5                    20110401                  13.75                    3.5                       1                   First Lien
           150               100360000000000000               4.5                    20090501                   14                      4.5                       1                   First Lien
           151               100054000000000000               4.5                    20090501                 10.875                    4.5                       1                   First Lien
           152               100171000000000000                3                     20070401                 12.625                     3                        2                   First Lien
           153               100091000000000000               3.25                   20090401                 13.925                    3.25                      2                   First Lien
           154               100054000000000000               3.75                   20130601                   14                      3.75                      1                   First Lien
           155               100054000000000000               4.5                    20090601                  11.75                    4.5                       1                   First Lien
           156               100091000000000000               3.25                   20090401                  13.15                    3.25                      2                   First Lien
           157               100214000000000000               8.5                    20080101                  15.85                    9.85                      1                   First Lien
           158               100091000000000000               3.25                   20080401                  13.5                     3.25                      2                   First Lien
           159               100054000000000000               4.5                    20090501                 13.375                    4.5                       1                   First Lien
           160               100360000000000000               3.5                    20110401                  13.99                    3.5                       1                   First Lien
           161               100054000000000000               3.75                   20110601                 12.875                    3.75                      1                   First Lien
           162               100091000000000000               3.25                   20090401                  13.45                    3.25                      2                   First Lien
           163               100063000000000000               2.5                    20130501                   13                      2.5                       1                   First Lien
           164               100091000000000000               3.25                   20090501                  14.9                     3.25                      2                   First Lien
           165               100054000000000000               3.5                    20110601                  12.95                    3.5                       1                   First Lien
           166               100054000000000000               4.5                    20080601                  13.5                     4.5                       1                   First Lien
           167               100133000000000000               3.5                    20110501                 12.875                    3.5                       1                   First Lien
           168               100360000000000000               3.5                    20110401                  11.99                    3.5                       1                   First Lien
           169               100091000000000000               3.25                   20090501                  13.25                    3.25                      2                   First Lien
           170               100063000000000000               3.5                    20110401                  13.5                     3.5                       1                   First Lien
           171               100054000000000000              3.875                   20110601                  13.5                    3.875                      1                   First Lien
           172               100091000000000000               3.25                   20090501                  12.4                     3.25                      2                   First Lien
           173               100360000000000000               3.75                   20130601                 11.875                    3.75                      1                   First Lien
           174               100054000000000000               3.5                    20110501                  13.25                    3.5                       1                   First Lien
           175               100091000000000000               3.25                   20090401                  13.2                     3.25                      2                   First Lien
           176               100136000000000000               4.5                    20090501                  12.75                    4.5                       1                   First Lien
           177               100054000000000000               3.5                    20110501                  13.75                    3.5                       1                   First Lien
           178               100360000000000000               4.5                    20090401                 12.625                    4.5                       1                   First Lien
           179               100054000000000000               3.75                   20130501                   13                      3.75                      1                   First Lien
           180               100136000000000000               3.5                    20110601                  13.25                    3.5                       1                   First Lien
           181               100183000000000000                4                     20110401                  14.25                     4                        2                   First Lien
           182               100183000000000000                4                     20110401                  13.5                      4                        2                   First Lien
           183               100212000000000000              4.375                   20110401                 12.875                   4.375                      1                   First Lien
           184               100212000000000000               2.75                   20110401                  13.75                    2.75                      2                   First Lien
           185               100054000000000000               3.5                    20110701                  13.5                     3.5                       1                   First Lien
           186               100212000000000000               2.25                   20110401                  13.5                     2.25                      2                   First Lien
           187               100054000000000000               4.5                    20090501                  12.75                    4.5                       1                   First Lien
           188               100054000000000000               3.75                   20130501                 12.987                    3.75                      1                   First Lien
           189               100212000000000000               4.25                   20110401                 12.875                    4.25                      1                   First Lien
           190               100183000000000000                4                     20110401                  13.5                      4                        2                   First Lien
           191               100054000000000000               4.5                    20090601                  12.5                     4.5                       1                   First Lien
           192               100212000000000000               2.75                   20110401                  12.75                    2.75                      2                   First Lien
           193               100183000000000000                4                     20110401                  14.75                     4                        2                   First Lien
           194               100183000000000000                4                     20110201                  14.5                      4                        1                   First Lien
           195               100054000000000000               3.5                    20130601                  13.25                    3.5                       1                   First Lien
           196               100183000000000000                4                     20110401                  13.25                     4                        2                   First Lien
           197               100054000000000000               4.5                    20110701                 13.625                    4.5                       1                   First Lien
           198               100183000000000000                4                     20110401                  13.75                     4                        2                   First Lien
           199               100080000000000000               2.25                   20110401                 12.375                    2.25                      1                   First Lien
           200               100080000000000000               2.25                   20110401                 12.375                    2.25                      1                   First Lien
           201               100080000000000000               2.25                   20110401                  12.25                    2.25                      1                   First Lien
           202               100136000000000000               3.75                   20130501                 12.875                    3.75                      1                   First Lien
           203               100079000000000000               3.5                    20110501                  12.5                     3.5                       1                   First Lien
           204               100360000000000000               3.75                   20130401                  13.75                    3.75                      1                   First Lien
           205               100407000000000000                5                     20110401                  12.75                     5                        1                   First Lien
           206               100360000000000000               4.5                    20090501                  13.5                     4.5                       1                   First Lien
           207               100136000000000000               2.25                   20110401                  12.75                    2.25                      1                   First Lien
           208               100133000000000000               3.5                    20110401                 12.625                    3.5                       1                   First Lien
           209               100360000000000000               4.5                    20090501                   13                      4.5                       1                   First Lien
           210               100063000000000000               4.5                    20080501                 13.875                    4.5                       1                   First Lien
           211               100017000000000000               3.5                    20110401                  14.75                    3.5                       1                   First Lien
           212               100122000000000000               3.5                    20110501                 12.875                    3.5                       1                   First Lien
           213               100142000000000000               2.75                   20110301                 15.125                    2.75                      2                   First Lien
           214               100142000000000000               2.75                   20110301                 15.125                    2.75                      2                   First Lien
           215                                                2.25                   20110301                  9.95                     2.25                      1                   First Lien
           216                                               4.375                   20110401                   13                     4.375                      1                   First Lien
           217               100300000000000000               4.25                   20110401                 12.875                    4.25                      1                   First Lien
           218                                                2.25                   20110301                 13.125                    2.25                      1                   First Lien
           219               100142000000000000               2.25                   20110201                   13                      2.25                      1                   First Lien
           220                                                3.25                   20110401                 11.875                    3.25                      1                   First Lien
           221               100300000000000000              1.875                   20110401                 10.875                   1.875                      2                   First Lien
           222                                                2.25                   20110401                   12                      2.25                      1                   First Lien
           223               100054000000000000              3.875                   20080401                  12.5                    3.875                      1                   First Lien
           224               100054000000000000               4.5                    20090401                 12.625                    4.5                       1                   First Lien
           225               100054000000000000               5.55                   20130501                  11.95                    5.55                      1                   First Lien
           226               100020000000000000               3.5                    20110501                  14.5                     3.5                       1                   First Lien
           227               100054000000000000               3.75                   20130501                 13.956                    3.75                      1                   First Lien
           228               100133000000000000               3.5                    20110501                 12.875                    3.5                       1                   First Lien
           229               100054000000000000               3.75                   20130501                 13.999                    3.75                      1                   First Lien
           230               100360000000000000               4.5                    20090501                  13.75                    4.5                       1                   First Lien
           231               100054000000000000               4.5                    20090501                 13.375                    4.5                       1                   First Lien
           232               100054000000000000               4.5                    20130501                 12.875                    4.5                       1                   First Lien
           233               100133000000000000               4.5                    20080401                  13.99                    4.5                       1                   First Lien
           234               100133000000000000               3.5                    20110401                  12.75                    3.5                       1                   First Lien
           235               100054000000000000               3.75                   20110501                 13.625                    3.75                      1                   First Lien
           236               100066000000000000               4.5                    20090501                  11.45                    4.5                       1                   First Lien
           237               100054000000000000               3.75                   20130601                  12.75                    3.75                      1                   First Lien
           238               100054000000000000               3.75                   20130501                  13.7                     3.75                      1                   First Lien
           239               100133000000000000               3.75                   20130501                 13.125                    3.75                      1                   First Lien
           240               100122000000000000               4.5                    20080501                 13.125                    4.5                       1                   First Lien
           241               100125000000000000               3.5                    20110501                  12.25                    3.5                       1                   First Lien
           242               100235000000000000               3.5                    20110601                  13.5                     3.5                       1                   First Lien
           243               100054000000000000               3.5                    20110601                  13.7                     3.5                       1                   First Lien
           244               100054000000000000               4.5                    20080501                 13.375                    4.5                       1                   First Lien
           245               100054000000000000               3.75                   20130501                  13.25                    3.75                      1                   First Lien
           246               100360000000000000               4.5                    20090501                  13.25                    4.5                       1                   First Lien
           247               100054000000000000                0                                                 0                       0                        0                   Second Lien
           248               100267000000000000               4.5                    20080401                 15.375                    4.5                       1                   First Lien
           249               100054000000000000               4.5                    20130501                  13.25                    4.5                       1                   First Lien
           250               100360000000000000               4.5                    20090501                  12.5                     4.5                       1                   First Lien
           251               100054000000000000               4.5                    20090501                 13.125                    4.5                       1                   First Lien
           252               100360000000000000               4.5                    20090501                   13                      4.5                       1                   First Lien
           253               100054000000000000               4.5                    20090601                  12.8                     4.5                       1                   First Lien
           254                                                3.75                   20130501                  12.75                    3.75                      1                   First Lien
           255               100054000000000000               4.5                    20090501                 13.875                    4.5                       1                   First Lien
           256               100054000000000000               4.5                    20090501                  12.25                    4.5                       1                   First Lien
           257               100183000000000000                4                     20110401                 15.625                     4                        2                   First Lien
           258               100054000000000000               3.75                   20130501                  15.75                    3.75                      1                   First Lien
           259               100183000000000000                4                     20110401                  14.5                      4                        2                   First Lien
           260               100183000000000000                4                     20110401                  13.75                     4                        2                   First Lien
           261               100183000000000000                4                     20110401                   15                       4                        2                   First Lien
           262               100183000000000000                4                     20110401                 13.875                     4                        2                   First Lien
           263               100054000000000000               3.5                    20110501                 12.875                    3.5                       1                   First Lien
           264               100054000000000000               3.5                    20110501                  13.8                     3.5                       1                   First Lien
           265               100054000000000000               3.75                   20130601                 13.875                    3.75                      1                   First Lien
           266               100054000000000000               3.75                   20130501                  13.99                    3.75                      1                   First Lien
           267               100183000000000000                4                     20110401                  14.75                     4                        2                   First Lien
           268               100183000000000000                4                     20110201                  13.75                     4                        2                   First Lien
           269               100054000000000000               3.75                   20130501                  13.75                    3.75                      1                   First Lien
           270               100054000000000000               4.5                    20090501                  12.75                    4.5                       1                   First Lien
           271               100183000000000000                4                     20110401                   14                       4                        2                   First Lien
           272               100054000000000000               3.75                   20130501                 12.875                    3.75                      1                   First Lien
           273               100183000000000000                4                     20110401                  14.5                      4                        2                   First Lien
           274               100054000000000000               2.5                    20130501                 11.875                    2.5                       1                   First Lien
           275               100136000000000000               3.75                   20130501                   13                      3.75                      1                   First Lien
           276                                                2.5                    20110501                 12.925                   6.925                      1                   First Lien
           277                                                2.75                   20160401                 12.625                   6.625                      1                   First Lien
           278               100407000000000000               3.5                    20110401                 12.875                    3.5                       1                   First Lien
           279               100136000000000000               2.25                   20110401                   12                      2.25                      2                   First Lien
           280               100130000000000000               3.5                    20110401                  13.25                    3.5                       1                   First Lien
           281               100183000000000000                4                     20110401                 13.875                     4                        2                   First Lien
           282                                                4.5                    20090401                  12.75                    4.5                       1                   First Lien
           283               100183000000000000                4                     20110401                   14                       4                        2                   First Lien
           284               100136000000000000               2.25                   20110401                 12.375                   2.375                      2                   First Lien
           285               100452000000000000               2.75                   20110501                 12.625                    2.75                      1                   First Lien
           286               100452000000000000               2.75                   20110501                 12.625                    2.75                      1                   First Lien
           287                                                2.5                    20110401                 12.975                   6.975                      1                   First Lien
           288               100452000000000000              3.875                   20080501                  13.75                   3.875                      1                   First Lien
           289                                                2.5                    20110401                 12.975                   6.975                      1                   First Lien
           290               100452000000000000              3.125                   20061101                   12                     3.125                      1                   First Lien
           291               100360000000000000               3.75                   20130401                  12.75                    3.75                      1                   First Lien
           292                                                2.5                    20110501                  12.6                     6.6                       1                   First Lien
           293               100348000000000000               3.5                    20110701                  13.75                    3.5                       1                   First Lien
           294                                                2.75                   20160501                 12.375                   6.375                      1                   First Lien
           295               100136000000000000               2.25                   20110401                  11.75                    2.25                      2                   First Lien
           296               100139000000000000               3.5                    20110401                   15                      3.5                       1                   First Lien
           297               100063000000000000               3.5                    20110401                 14.125                    3.5                       1                   First Lien
           298               100360000000000000               4.5                    20090601                  12.99                    4.5                       1                   First Lien
           299               100183000000000000                4                     20110401                 13.875                     4                        2                   First Lien
           300                                                 3                     20090401                 13.725                   7.725                      1                   First Lien
           301               100136000000000000               2.25                   20130401                 13.125                    2.25                      2                   First Lien
           302                                                 3                     20110401                  14.55                    8.55                      1                   First Lien
           303               100407000000000000               3.5                    20110601                 13.875                    3.5                       1                   First Lien
           304               100136000000000000               4.5                    20090401                 13.625                    4.5                       1                   First Lien
           305                                                 3                     20090401                 14.025                   8.025                      1                   First Lien
           306               100094000000000000               3.5                    20110401                 13.875                    3.5                       1                   First Lien
           307                                                4.5                    20090601                 14.875                    4.5                       1                   First Lien
           308               100183000000000000                4                     20110401                  13.5                      4                        2                   First Lien
           309               100017000000000000               3.5                    20110301                 13.625                    3.5                       1                   First Lien
           310                                                2.75                   20110501                  13.2                     7.2                       1                   First Lien
           311               100300000000000000               2.25                   20110401                  11.5                     2.25                      2                   First Lien
           312               100360000000000000               3.75                   20130601                  13.75                    3.75                      1                   First Lien
           313               100360000000000000               4.5                    20090601                  13.25                    4.5                       1                   First Lien
           314                                                2.5                    20130501                 13.075                   7.075                      1                   First Lien
           315               100360000000000000               3.5                    20110401                 14.125                    3.5                       1                   First Lien
           316               100183000000000000                4                     20110401                  14.5                      4                        2                   First Lien
           317                                                2.75                   20160401                 12.375                   6.375                      1                   First Lien
           318               100183000000000000                4                     20110401                 13.125                     4                        2                   First Lien
           319               100133000000000000               3.5                    20110401                 12.875                    3.5                       1                   First Lien
           320               100183000000000000                4                     20110401                  13.5                      4                        2                   First Lien
           321               100407000000000000                4                     20110401                 12.375                     4                        1                   First Lien
           322               100360000000000000               3.5                    20110401                  12.5                     3.5                       1                   First Lien
           323               100183000000000000                4                     20110401                   14                       4                        2                   First Lien
           324               100183000000000000                4                     20110401                 13.375                     4                        2                   First Lien
           325               100133000000000000               3.5                    20110401                  12.25                    3.5                       1                   First Lien
           326               100300000000000000               3.5                    20110401                 12.875                    3.5                       1                   First Lien
           327               100136000000000000               2.25                   20110401                  12.5                     2.25                      2                   First Lien
           328               100054000000000000               3.5                    20110501                 12.875                    3.5                       1                   First Lien
           329               100079000000000000               3.5                    20080401                  12.75                    3.5                       1                   First Lien
           330               100054000000000000              3.875                   20130501                  12.99                   3.875                      1                   First Lien
           331               100319000000000000               3.75                   20130501                 13.875                    3.75                      1                   First Lien
           332               100300000000000000               2.25                   20110401                  12.75                    2.25                      2                   First Lien
           333               100054000000000000               3.75                   20130501                  12.99                    3.75                      1                   First Lien
           334               100054000000000000               3.5                    20110401                 13.913                    3.5                       1                   First Lien
           335                                                2.75                   20110501                 12.675                   6.675                      1                   First Lien
           336                                                2.75                   20160501                  13.15                    7.15                      1                   First Lien
           337               100133000000000000               3.5                    20110401                  13.25                    3.5                       1                   First Lien
           338                                                2.5                    20160601                   13                       7                        1                   First Lien
           339                                                2.5                    20160601                 12.875                   6.875                      1                   First Lien
           340               100183000000000000                4                     20110401                  13.75                     4                        2                   First Lien
           341               100063000000000000               3.5                    20110401                 13.375                    3.5                       1                   First Lien
           342                                                2.5                    20160601                   13                       7                        1                   First Lien
           343                                                2.25                   20110401                  12.75                    2.25                      2                   First Lien
           344               100332000000000000              5.375                   20080401                 14.875                   5.375                      1                   First Lien
           345                                                2.75                   20110401                 12.725                   6.725                      1                   First Lien
           346               100183000000000000                4                     20110401                  14.25                     4                        2                   First Lien
           347               100360000000000000               3.75                   20110401                 14.625                    3.75                      1                   First Lien
           348                                                2.75                   20110501                  12.8                     6.8                       1                   First Lien
           349               100136000000000000               2.25                   20130401                  12.5                     2.25                      2                   First Lien
           350               100300000000000000               3.5                    20110401                  13.5                     3.5                       1                   First Lien
           351               100360000000000000               3.75                   20110401                 14.625                    3.75                      1                   First Lien
           352               100183000000000000                4                     20110401                   14                       4                        2                   First Lien
           353                                                2.75                   20160601                 12.375                   6.375                      1                   First Lien
           354               100136000000000000               2.25                   20130501                 12.375                    2.25                      2                   First Lien
           355                                                3.25                   20090501                 14.525                   8.525                      1                   First Lien
           356                                                2.5                    20110401                  12.85                    6.85                      1                   First Lien
           357                                                2.5                    20090401                 12.875                   6.875                      1                   First Lien
           358               100133000000000000               3.75                   20130401                  12.25                    3.75                      1                   First Lien
           359               100300000000000000               2.25                   20110501                   13                      2.25                      2                   First Lien
           360                                                2.75                   20160401                 12.375                   6.375                      1                   First Lien
           361               100360000000000000               3.5                    20110401                 13.375                    3.5                       1                   First Lien
           362               100136000000000000               2.25                   20110401                  12.75                    2.25                      2                   First Lien
           363               100246000000000000                3                     20070301                 14.375                     3                        2                   First Lien
           364               100054000000000000              4.625                   20130701                  17.99                   4.625                      1                   First Lien
           365                                                2.5                    20110601                 12.825                   6.825                      1                   First Lien
           366               100054000000000000               4.5                    20090401                  12.75                    4.5                       1                   First Lien
           367               100300000000000000               2.25                   20110401                 12.875                    2.25                      2                   First Lien
           368                                                2.75                   20160501                  12.25                    6.25                      1                   First Lien
           369               100136000000000000               2.5                    20110401                   13                      2.5                       1                   First Lien
           370               100054000000000000               3.75                   20130401                 13.285                    3.75                      1                   First Lien
           371                                                 3                     20090501                 14.125                   8.125                      1                   First Lien
           372               100136000000000000               2.25                   20110401                  13.25                    2.25                      2                   First Lien
           373               100360000000000000               4.5                    20090601                  11.99                    4.5                       1                   First Lien
           374               100054000000000000               6.55                   20080501                  13.45                    6.55                      1                   First Lien
           375               100183000000000000                4                     20110401                 13.375                     4                        2                   First Lien
           376               100133000000000000               3.5                    20110401                  12.75                    3.5                       1                   First Lien
           377               100054000000000000               3.75                   20130401                  12.75                    3.75                      1                   First Lien
           378               100133000000000000               3.25                   20080401                  13.75                    3.25                      1                   First Lien
           379               100136000000000000               2.25                   20110401                 12.625                    2.25                      2                   First Lien
           380               100054000000000000               3.75                   20130501                   13                      3.75                      1                   First Lien
           381               100133000000000000               3.5                    20110401                 13.625                    3.5                       1                   First Lien
           382                                                2.5                    20110401                  12.85                    6.85                      1                   First Lien
           383               100183000000000000                4                     20110401                  13.75                     4                        1                   First Lien
           384               100136000000000000               2.5                    20110401                 13.125                    2.5                       1                   First Lien
           385               100054000000000000               3.75                   20130501                 13.375                    3.75                      1                   First Lien
           386               100136000000000000               2.25                   20110501                  12.75                    2.25                      2                   First Lien
           387               100130000000000000               3.5                    20090401                  15.75                    3.5                       1                   First Lien
           388               100054000000000000               3.75                   20130501                   13                      3.75                      1                   First Lien
           389               100183000000000000                4                     20110401                  13.25                     4                        2                   First Lien
           390               100054000000000000               3.75                   20130501                  12.5                     3.75                      1                   First Lien
           391               100300000000000000               2.25                   20110401                 12.875                    2.25                      2                   First Lien
           392               100054000000000000               4.5                    20090501                  13.5                     4.5                       1                   First Lien
           393                                               3.375                   20090401                  13.75                   3.375                      1                   First Lien
           394               100133000000000000               3.5                    20110501                  13.5                     3.5                       1                   First Lien
           395                                                2.75                   20090501                 12.875                   6.875                      1                   First Lien
           396               100183000000000000                4                     20110401                  13.75                     4                        2                   First Lien
           397                                                 3                     20090401                 14.625                   8.625                      1                   First Lien
           398               100183000000000000                4                     20110401                 14.375                     4                        2                   First Lien
           399               100360000000000000               4.5                    20090401                 11.875                    4.5                       1                   First Lien
           400               100054000000000000               3.75                   20130501                  13.75                    3.75                      1                   First Lien
           401                                                2.5                    20110501                  12.65                    6.65                      1                   First Lien
           402               100360000000000000               3.5                    20110401                   14                      3.5                       1                   First Lien
           403               100054000000000000               3.75                   20130501                 12.875                    3.75                      1                   First Lien
           404               100300000000000000               2.25                   20110401                  12.75                    2.25                      2                   First Lien
           405                                                2.5                    20110401                  12.6                     6.6                       1                   First Lien
           406               100063000000000000                4                     20070301                 13.875                     4                        2                   First Lien
           407               100054000000000000              3.875                   20130601                  13.75                   3.875                      1                   First Lien
           408               100300000000000000               2.25                   20110401                  12.5                     2.25                      2                   First Lien
           409                                                2.75                   20160501                 12.125                   6.125                      1                   First Lien
           410               100054000000000000               4.5                    20130501                  14.75                    4.5                       1                   First Lien
           411               100300000000000000               2.25                   20110401                  12.5                     2.25                      2                   First Lien
           412                                                2.75                   20160501                 12.125                   6.125                      1                   First Lien
           413               100054000000000000                0                                                 0                       0                        0                   Second Lien
           414               100300000000000000               2.25                   20160401                  12.5                     2.25                      2                   First Lien
           415               100214000000000000                6                     20101001                   12                       6                        1                   First Lien
           416                                                 3                     20160401                  14.35                    8.35                      1                   First Lien
           417               100054000000000000               4.5                    20090501                  12.75                    4.5                       1                   First Lien
           418               100183000000000000                4                     20110401                 13.625                     4                        2                   First Lien
           419               100360000000000000               3.5                    20110501                  12.5                     3.5                       1                   First Lien
           420               100054000000000000               3.5                    20110501                 13.125                    3.5                       1                   First Lien
           421               100054000000000000               3.5                    20110401                 14.165                    3.5                       1                   First Lien
           422               100063000000000000               4.5                    20090601                 14.375                    4.5                       1                   First Lien
           423               100133000000000000               3.5                    20110301                 14.425                    3.5                       1                   First Lien
           424               100054000000000000                0                                                 0                       0                        0                   Second Lien
           425               100071000000000000               4.5                    20080501                 13.125                    4.5                       1                   First Lien
           426               100054000000000000               3.5                    20110401                  12.5                     3.5                       1                   First Lien
           427               100360000000000000               3.5                    20110401                 13.375                    3.5                       1                   First Lien
           428               100136000000000000               4.5                    20090501                 12.625                    4.5                       1                   First Lien
           429                                               3.375                   20090401                  13.5                    3.375                      1                   First Lien
           430               100407000000000000               3.75                   20110401                  13.75                    3.75                      1                   First Lien
           431               100125000000000000               3.5                    20110601                 14.625                    3.5                       1                   First Lien
           432               100054000000000000               3.75                   20130401                 13.066                    3.75                      1                   First Lien
           433               100133000000000000               3.5                    20110501                  13.5                     3.5                       1                   First Lien
           434               100133000000000000               3.5                    20110401                  12.75                    3.5                       1                   First Lien
           435               100054000000000000               3.5                    20110401                  13.25                    3.5                       1                   First Lien
           436               100360000000000000               4.5                    20080501                  12.75                    4.5                       1                   First Lien
           437               100214000000000000                4                     20071201                  13.25                     4                        1                   First Lien
           438               100054000000000000               4.5                    20080501                 13.525                    4.5                       1                   First Lien
           439               100133000000000000               3.75                   20130501                  13.25                    3.75                      1                   First Lien
           440               100054000000000000               3.75                   20130501                  12.99                    3.75                      1                   First Lien
           441               100360000000000000               3.5                    20110401                 13.625                    3.5                       1                   First Lien
           442               100133000000000000               3.5                    20110401                 12.375                    3.5                       1                   First Lien
           443               100214000000000000               3.5                    20080101                 13.375                    3.5                       1                   First Lien
           444               100054000000000000               3.75                   20130401                  13.75                    3.75                      1                   First Lien
           445               100054000000000000              3.875                   20110501                 12.875                   3.875                      1                   First Lien
           446               100360000000000000               3.75                   20130501                  13.5                     3.75                      1                   First Lien
           447               100407000000000000               3.5                    20110401                 13.125                    3.5                       1                   First Lien
           448               100054000000000000               4.5                    20080501                  13.5                     4.5                       1                   First Lien
           449               100300000000000000               2.25                   20160401                 12.625                    2.25                      2                   First Lien
           450               100317000000000000               3.5                    20110401                  12.5                     3.5                       1                   First Lien
           451               100300000000000000               2.25                   20160401                  12.75                    2.25                      2                   First Lien
           452                                                3.5                    20110401                 12.125                    3.5                       1                   First Lien
           453               100054000000000000               3.75                   20110501                  15.25                    3.75                      1                   First Lien
           454               100300000000000000               2.25                   20130401                 12.875                    2.25                      2                   First Lien
           455               100054000000000000               3.75                   20130501                 13.959                    3.75                      1                   First Lien
           456               100054000000000000               3.75                   20130401                 13.625                    3.75                      1                   First Lien
           457               100090000000000000               3.5                    20110401                 12.875                    3.5                       1                   First Lien
           458               100054000000000000               4.5                    20090401                  12.25                    4.5                       1                   First Lien
           459               100366000000000000                5                     20080201                  12.5                      5                        1                   First Lien
           460               100133000000000000               3.25                   20080301                 13.875                    3.25                      1                   First Lien
           461               100090000000000000              3.375                   20090401                 12.875                   3.375                      1                   First Lien
           462               100054000000000000               3.5                    20080401                 14.625                    3.5                       1                   First Lien
           463               100090000000000000               3.5                    20110401                  12.75                    3.5                       1                   First Lien
           464               100317000000000000              3.625                   20080401                 13.875                   3.625                      1                   First Lien
           465               100090000000000000               2.25                   20130401                 11.375                    2.25                      2                   First Lien
           466               100133000000000000               3.5                    20110301                 12.375                    3.5                       1                   First Lien
           467               100054000000000000               4.5                    20090501                 12.875                    4.5                       1                   First Lien
           468               100090000000000000               3.5                    20110401                 12.999                    3.5                       1                   First Lien
           469               100054000000000000               3.75                   20130501                 12.375                    3.75                      1                   First Lien
           470               100133000000000000               3.5                    20110501                 12.125                    3.5                       1                   First Lien
           471               100360000000000000               3.5                    20110401                  11.99                    3.5                       1                   First Lien
           472               100090000000000000               3.25                   20080401                  13.5                     3.25                      1                   First Lien
           473               100054000000000000               3.75                   20130501                 13.625                    3.75                      1                   First Lien
           474               100090000000000000               4.5                    20090401                  12.75                    4.5                       1                   First Lien
           475               100054000000000000               3.5                    20110401                   14                      3.5                       1                   First Lien
           476               100017000000000000               3.5                    20110301                 12.875                    3.5                       1                   First Lien
           477               100054000000000000               3.5                    20110501                  14.5                     3.5                       1                   First Lien
           478                                                3.5                    20110501                 13.625                    3.5                       1                   First Lien
           479               100360000000000000               4.5                    20080401                 12.375                    4.5                       1                   First Lien
           480               100300000000000000               4.5                    20080401                  13.75                    4.5                       1                   First Lien
           481               100054000000000000               4.5                    20080501                   14                      4.5                       1                   First Lien
           482               100197000000000000               3.5                    20110301                  12.25                    3.5                       2                   First Lien
           483               100369000000000000               3.75                   20130501                  12.75                    3.75                      1                   First Lien
           484               100364000000000000               4.5                    20090401                  13.25                    4.5                       1                   First Lien
           485               100054000000000000               3.5                    20110501                  12.1                     3.5                       1                   First Lien
           486               100197000000000000              2.375                   20110401                  11.5                    2.375                      2                   First Lien
           487               100054000000000000               3.5                    20110401                 12.875                    3.5                       1                   First Lien
           488               100063000000000000               3.75                   20130501                 12.375                    3.75                      1                   First Lien
           489               100197000000000000               3.5                    20090401                 13.875                   7.875                      1                   First Lien
           490               100320000000000000               4.5                    20090501                 13.375                    4.5                       1                   First Lien
           491               100320000000000000               4.5                    20110601                 13.625                    4.5                       1                   First Lien
           492               100054000000000000               3.75                   20130401                 14.375                    3.75                      1                   First Lien
           493                                                 5                     20090401                  12.75                     5                        1                   First Lien
           494               100054000000000000               3.5                    20110401                  13.5                     3.5                       1                   First Lien
           495               100136000000000000               4.5                    20090501                 13.125                    4.5                       1                   First Lien
           496               100193000000000000               2.25                   20130301                 12.875                    2.25                      2                   First Lien
           497               100054000000000000               3.75                   20130501                  12.75                    3.75                      1                   First Lien
           498                                                2.25                   20110301                  12.5                     2.25                      2                   First Lien
           499               100193000000000000               2.25                   20130301                 12.375                    2.25                      2                   First Lien
           500               100193000000000000               2.25                   20110301                 12.875                    2.25                      2                   First Lien
           501                                                2.25                   20090401                   12                      2.25                      1                   First Lien
           502               100054000000000000               3.5                    20110501                  13.75                    3.5                       1                   First Lien
           503                                                3.25                   20110401                 13.625                    3.25                      1                   First Lien
           504                                                2.75                   20110401                  12.5                     2.75                      1                   First Lien
           505               100054000000000000               4.5                    20090501                  13.5                     4.5                       1                   First Lien
           506                                                2.75                   20110401                 12.625                    2.75                      2                   First Lien
           507               100054000000000000                0                                                 0                       0                        0                   Second Lien
           508               100054000000000000               3.5                    20110501                 14.375                    3.5                       1                   First Lien
           509               100090000000000000               3.5                    20110401                 13.375                    3.5                       1                   First Lien
           510               100090000000000000               2.25                   20130401                  11.25                    2.25                      2                   First Lien
           511               100054000000000000               4.5                    20090501                  13.13                    4.5                       1                   First Lien
           512               100054000000000000               4.5                    20080401                  13.75                    4.5                       1                   First Lien
           513               100090000000000000               2.25                   20130401                   11                      2.25                      2                   First Lien
           514               100054000000000000               4.5                    20090401                 12.125                    4.5                       1                   First Lien
           515               100090000000000000               3.5                    20110401                  13.25                    3.5                       1                   First Lien
           516               100090000000000000               2.25                   20110401                  12.25                    2.25                      2                   First Lien
           517               100054000000000000               4.5                    20080401                   14                      4.5                       1                   First Lien
           518               100054000000000000               4.5                    20090401                  12.75                    4.5                       1                   First Lien
           519               100197000000000000               3.5                    20110401                  12.75                    3.5                       2                   First Lien
           520               100197000000000000               3.5                    20110401                  12.75                    3.5                       2                   First Lien
           521               100054000000000000                6                     20080401                  14.5                      6                        1                   First Lien
           522               100197000000000000               3.5                    20110301                 12.375                    3.5                       2                   First Lien
           523               100054000000000000               4.5                    20080501                  13.25                    4.5                       1                   First Lien
           524               100136000000000000               4.5                    20090501                  13.25                    4.5                       1                   First Lien
           525                                                3.25                   20090401                 13.975                   7.975                      1                   First Lien
           526               100360000000000000               4.5                    20090601                 12.625                    4.5                       1                   First Lien
           527               100136000000000000               4.5                    20090501                 12.625                    4.5                       1                   First Lien
           528               100360000000000000                4                     20070201                  13.25                    5.25                      2                   First Lien
           529                                                2.75                   20160401                 12.375                   6.375                      1                   First Lien
           530               100066000000000000               4.5                    20090501                  13.25                    4.5                       1                   First Lien
           531               100306000000000000               4.5                    20090601                 12.625                    4.5                       1                   First Lien
           532                                                4.5                    20090601                  13.5                     4.5                       1                   First Lien
           533               100320000000000000               4.5                    20090501                  13.5                     4.5                       1                   First Lien
           534                                                2.75                   20160501                  12.25                    6.25                      1                   First Lien
           535               100090000000000000                0                                                 0                       0                        0                   Second Lien
           536               100090000000000000                0                                                 0                       0                        0                   Second Lien
           537               100136000000000000               3.75                   20130601                  13.5                     3.75                      1                   First Lien
           538                                                3.25                   20130401                   14                       8                        1                   First Lien
           539               100360000000000000               4.5                    20090501                 13.125                    4.5                       1                   First Lien
           540               100090000000000000                0                                                 0                       0                        0                   Second Lien
           541               100130000000000000               3.5                    20110401                 13.625                   7.625                      1                   First Lien
           542               100134000000000000               2.75                   20110401                 11.875                    2.75                      1                   First Lien
           543                                                2.75                   20110401                 12.975                   6.975                      1                   First Lien
           544               100360000000000000                4                     20060901                 13.375                   6.375                      1                   First Lien
           545                                                3.5                    20110501                 12.875                    3.5                       1                   First Lien
           546               100134000000000000               2.75                   20080401                   12                      2.75                      1                   First Lien
           547                                                2.75                   20090401                  12.8                     6.8                       1                   First Lien
           548               100133000000000000                3                     20070501                 12.625                     3                        2                   First Lien
           549               100197000000000000               3.5                    20110401                  11.5                     3.5                       2                   First Lien
           550                                                2.5                    20110401                 12.975                   6.975                      1                   First Lien
           551               100197000000000000               3.5                    20110401                  12.25                    3.5                       2                   First Lien
           552               100182000000000000               3.5                    20110501                 13.375                    3.5                       1                   First Lien
           553               100197000000000000               3.5                    20110401                 11.875                    3.5                       2                   First Lien
           554               100360000000000000                4                     20070201                 13.125                     4                        2                   First Lien
           555               100197000000000000               3.5                    20110401                  12.75                    3.5                       2                   First Lien
           556               100134000000000000               2.75                   20110501                 12.875                    2.75                      1                   First Lien
           557               100134000000000000               2.75                   20110401                  12.75                    2.75                      1                   First Lien
           558                                                 3                     20090401                 13.975                   7.975                      1                   First Lien
           559               100134000000000000               2.75                   20110401                   12                      2.75                      1                   First Lien
           560                                                 3                     20090401                 13.375                   7.375                      1                   First Lien
           561               100134000000000000               2.75                   20090401                  12.5                     2.75                      1                   First Lien
           562                                               2.625                   20160401                  12.9                     6.9                       1                   First Lien
           563               100047000000000000               4.5                    20080401                 12.875                    4.5                       1                   First Lien
           564               100134000000000000               2.75                   20090401                 13.125                    2.75                      1                   First Lien
           565               100133000000000000               4.5                    20090501                  12.5                     4.5                       1                   First Lien
           566                                                 3                     20160401                 14.125                   8.125                      1                   First Lien
           567               100300000000000000               4.5                    20080401                 13.375                    4.5                       1                   First Lien
           568                                                3.25                   20110401                  14.75                    8.75                      1                   First Lien
           569               100134000000000000               2.75                   20110501                   12                      2.75                      1                   First Lien
           570               100360000000000000                4                     20070301                 12.875                   4.875                      2                   First Lien
           571                                                 3                     20110401                  14.55                    8.55                      1                   First Lien
           572               100134000000000000               2.25                   20110201                  11.25                    2.25                      2                   First Lien
           573               100039000000000000                0                                                 0                       0                        0                   Second Lien
           574                                                2.75                   20160401                  12.25                    6.25                      1                   First Lien
           575               100134000000000000               2.75                   20130401                  12.25                    2.75                      1                   First Lien
           576               100063000000000000               3.25                   20080201                 13.625                    3.25                      1                   First Lien
           577                                                2.75                   20160401                  12.25                    6.25                      1                   First Lien
           578               100360000000000000               3.5                    20110601                  14.5                     3.5                       1                   First Lien
           579                                                 3                     20160501                 13.625                   7.625                      1                   First Lien
           580               100123000000000000               3.5                    20110501                 13.875                    3.5                       1                   First Lien
           581               100360000000000000               3.75                   20130601                  13.25                    3.75                      1                   First Lien
           582               100113000000000000               4.5                    20080401                 13.125                    4.5                       1                   First Lien
           583                                               2.625                   20110401                  12.85                    6.85                      1                   First Lien
           584               100133000000000000               3.5                    20110401                  13.25                    3.5                       1                   First Lien
           585               100079000000000000               3.5                    20080301                  13.25                    3.5                       1                   First Lien
           586               100136000000000000               4.5                    20090601                  12.25                    4.5                       1                   First Lien
           587                                                2.5                    20110401                  12.85                    6.85                      1                   First Lien
           588               100110000000000000               2.25                   20110401                  12.75                    2.25                      2                   First Lien
           589               100054000000000000               3.75                   20130701                   13                      3.75                      1                   First Lien
           590               100110000000000000               2.25                   20110401                 12.375                    2.25                      2                   First Lien
           591               100054000000000000               3.5                    20110401                  13.5                     3.5                       1                   First Lien
           592               100054000000000000              3.875                   20110601                 13.125                   3.875                      1                   First Lien
           593               100054000000000000               3.5                    20110401                 14.125                    3.5                       1                   First Lien
           594               100110000000000000               2.75                   20110401                  13.5                     7.5                       2                   First Lien
           595               100054000000000000               3.5                    20110401                  12.1                     3.5                       1                   First Lien
           596               100054000000000000               3.5                    20110601                 13.875                    3.5                       1                   First Lien
           597               100110000000000000               2.75                   20110401                  13.25                    7.25                      2                   First Lien
           598               100054000000000000               3.5                    20110401                  13.25                    3.5                       1                   First Lien
           599               100110000000000000               2.75                   20110401                 12.875                   6.875                      2                   First Lien
           600               100054000000000000               3.5                    20110401                   13                      3.5                       1                   First Lien
           601               100133000000000000               3.5                    20110401                 12.875                    3.5                       1                   First Lien
           602               100110000000000000               2.25                   20110401                  13.5                     2.25                      2                   First Lien
           603               100136000000000000               4.5                    20090601                  12.5                     4.5                       1                   First Lien
           604               100054000000000000               5.75                   20080601                   16                      5.75                      1                   First Lien
           605               100054000000000000               3.5                    20110401                  13.5                     3.5                       1                   First Lien
           606               100054000000000000               3.5                    20110701                 14.625                    3.5                       1                   First Lien
           607               100054000000000000               3.5                    20110701                 13.325                    3.5                       1                   First Lien
           608               100054000000000000               3.5                    20110701                 14.875                    3.5                       1                   First Lien
           609               100360000000000000               3.75                   20130501                 14.375                    3.75                      1                   First Lien
           610               100133000000000000               3.5                    20110401                 12.625                    3.5                       1                   First Lien
           611               100054000000000000               3.5                    20110701                  13.2                     3.5                       1                   First Lien
           612               100246000000000000                0                                                 0                       0                        0                   Second Lien
           613               100360000000000000               3.75                   20130501                  12.5                     3.75                      1                   First Lien
           614               100063000000000000                0                                                 0                       0                        0                   Second Lien
           615               100136000000000000               3.75                   20130501                 12.875                    3.75                      1                   First Lien
           616                                                 3                     20071101                 11.375                     3                        1                   First Lien
           617               100306000000000000               3.5                    20110401                  13.75                    3.5                       1                   First Lien
           618                                                2.75                   20151201                  11.95                    5.95                      1                   First Lien
           619               100133000000000000               3.5                    20110601                  13.5                     3.5                       1                   First Lien
           620                                                2.75                   20151201                  11.95                    5.95                      1                   First Lien
           621               100306000000000000              3.375                   20090301                   14                     3.375                      1                   First Lien
           622               100133000000000000              5.375                   20080501                  14.25                   5.375                      1                   First Lien
           623               100099000000000000                3                     20060801                 13.375                     3                        1                   First Lien
           624               100306000000000000               3.5                    20110301                  13.5                     3.5                       1                   First Lien
           625                                                2.75                   20151201                  11.95                    5.95                      1                   First Lien
           626               100306000000000000               4.5                    20080401                 13.625                    4.5                       1                   First Lien
           627                                                2.75                   20151201                  11.95                    5.95                      1                   First Lien
           628               100130000000000000                0                                                 0                       0                        0                   Second Lien
           629               100306000000000000               4.5                    20080401                  13.75                    4.5                       1                   First Lien
           630               100104000000000000                0                                                 0                       0                        0                   Second Lien
           631               100306000000000000              3.375                   20090301                  13.5                    3.375                      1                   First Lien
           632               100214000000000000               3.5                    20110201                  13.5                     3.5                       1                   First Lien
           633               100306000000000000               4.5                    20080401                 13.125                    4.5                       1                   First Lien
           634               100010000000000000               4.5                    20080601                  14.2                     4.5                       1                   First Lien
           635               100020000000000000               3.5                    20110601                  13.5                     3.5                       1                   First Lien
           636                                                2.5                    20160401                  12.9                     6.9                       1                   First Lien
           637                                                3.5                    20110401                  14.55                    8.55                      1                   First Lien
           638               100246000000000000               2.75                   20110501                  14.75                    8.75                      2                   First Lien
           639                                                2.5                    20110601                  12.95                    6.95                      1                   First Lien
           640               100246000000000000               2.25                   20110401                 12.875                    2.25                      2                   First Lien
           641               100425000000000000               3.5                    20110301                 13.875                    3.5                       1                   First Lien
           642               100246000000000000               2.25                   20110501                  12.5                     2.25                      2                   First Lien
           643               100097000000000000               4.5                    20090501                   14                      4.5                       1                   First Lien
           644                                                2.5                    20110501                 12.675                   6.675                      1                   First Lien
           645               100360000000000000                4                     20070201                   13                       4                        2                   First Lien
           646                                                2.5                    20160401                 12.775                   6.775                      1                   First Lien
           647               100332000000000000               3.25                   20080201                 14.875                    3.25                      1                   First Lien
           648               100246000000000000               2.25                   20110501                  13.5                     2.25                      1                   First Lien
           649               100125000000000000               3.5                    20110501                 13.875                    3.5                       1                   First Lien
           650               100306000000000000                0                                                 0                       0                        0                   Second Lien
           651               100246000000000000               2.25                   20110501                 12.125                    2.25                      1                   First Lien
           652                                                4.5                    20090501                 15.375                    4.5                       1                   First Lien
           653                                                3.5                    20110401                  14.9                     8.9                       1                   First Lien
           654                                                2.45                   20110401                  12.35                    6.35                      1                   First Lien
           655               100136000000000000               4.5                    20090501                  13.75                    4.5                       1                   First Lien
           656               100246000000000000               2.25                   20110501                  12.75                    2.25                      1                   First Lien
           657               100099000000000000               4.5                    20080601                  13.5                     4.5                       1                   First Lien
           658               100136000000000000               4.5                    20090501                   12                      4.5                       1                   First Lien
           659                                                2.45                   20110401                  12.35                    6.35                      1                   First Lien
           660               100360000000000000                4                     20070301                  13.5                      4                        2                   First Lien
           661               100246000000000000               2.25                   20110501                 11.875                    2.25                      1                   First Lien
           662               100122000000000000               4.5                    20090501                 12.125                    4.5                       1                   First Lien
           663                                                 3                     20090401                   14                       8                        1                   First Lien
           664               100246000000000000               2.25                   20110401                   12                      2.25                      1                   First Lien
           665               100453000000000000               3.75                   20130401                  12.5                     3.75                      1                   First Lien
           666               100130000000000000               3.75                   20130401                 12.125                    3.75                      1                   First Lien
           667               100099000000000000                0                                                 0                       0                        0                   Second Lien
           668                                                3.25                   20110401                 14.125                   8.125                      1                   First Lien
           669               100360000000000000                4                     20070201                   13                       4                        2                   First Lien
           670                                                4.5                    20080601                 13.372                   7.372                      1                   First Lien
           671               100360000000000000               4.5                    20090601                 12.875                    4.5                       1                   First Lien
           672               100133000000000000               3.75                   20130501                 14.125                    3.75                      1                   First Lien
           673               100256000000000000               3.5                    20110501                  14.25                    3.5                       1                   First Lien
           674               100360000000000000               3.75                   20130601                 12.875                    3.75                      1                   First Lien
           675                                                2.75                   20160601                 12.375                   6.375                      1                   First Lien
           676                                                3.5                    20090401                 14.225                   8.225                      1                   First Lien
           677               100136000000000000               4.5                    20090501                  13.25                    4.5                       1                   First Lien
           678                                                2.75                   20160501                  12.25                    6.25                      1                   First Lien
           679                                                3.25                   20110401                  13.75                    3.25                      1                   First Lien
           680               100273000000000000               3.25                   20110601                 12.875                    3.25                      1                   First Lien
           681               100054000000000000               4.5                    20090601                  12.75                    4.5                       1                   First Lien
           682               100054000000000000               3.5                    20110401                  13.25                    3.5                       1                   First Lien
           683               100110000000000000               2.25                   20110401                  12.75                    2.25                      2                   First Lien
           684               100054000000000000               3.5                    20110701                 14.755                    3.5                       1                   First Lien
           685               100180000000000000                0                                                 0                       0                        0                   Second Lien
           686               100054000000000000               3.5                    20110401                 13.125                    3.5                       1                   First Lien
           687               100110000000000000               2.75                   20110401                  13.75                    7.75                      2                   First Lien
           688               100054000000000000               3.5                    20110601                  13.5                     3.5                       1                   First Lien
           689               100180000000000000                0                                                 0                       0                        0                   Second Lien
           690               100054000000000000                3                     20061001                   14                       3                        1                   First Lien
           691                                                3.5                    20110601                  14.5                     3.5                       1                   First Lien
           692               100110000000000000               2.75                   20110401                 13.375                   7.375                      2                   First Lien
           693               100054000000000000               3.5                    20110601                 13.275                    3.5                       1                   First Lien
           694               100054000000000000               3.5                    20110401                 13.125                    3.5                       1                   First Lien
           695               100366000000000000               2.25                   20160401                 12.625                    2.25                      1                   First Lien
           696               100054000000000000               3.5                    20110501                 12.625                    3.5                       1                   First Lien
           697               100054000000000000               3.5                    20110601                 13.375                    3.5                       1                   First Lien
           698               100110000000000000                5                     20080401                  14.25                    8.25                      2                   First Lien
           699               100054000000000000               3.5                    20110601                 14.375                    3.5                       1                   First Lien
           700               100054000000000000               3.75                   20130501                 15.375                    3.75                      1                   First Lien
           701               100366000000000000               2.25                   20130401                 12.875                    2.25                      1                   First Lien
           702               100054000000000000               3.5                    20110701                 14.375                    3.5                       1                   First Lien
           703               100366000000000000               2.25                   20160401                 12.625                    2.25                      1                   First Lien
           704               100054000000000000               3.5                    20110401                 13.125                    3.5                       1                   First Lien
           705               100054000000000000               4.5                    20090601                 13.375                    4.5                       1                   First Lien
           706               100366000000000000               2.25                   20110401                 11.875                    2.25                      1                   First Lien
           707               100180000000000000                0                                                 0                       0                        0                   Second Lien
           708               100054000000000000               3.5                    20110701                  13.75                    3.5                       1                   First Lien
           709               100366000000000000               2.75                   20110501                 12.875                   6.875                      2                   First Lien
           710               100054000000000000              4.375                   20110701                  15.5                    4.375                      1                   First Lien
           711               100054000000000000               3.5                    20110401                   12                      3.5                       1                   First Lien
           712               100110000000000000                5                     20090401                  12.75                    6.75                      2                   First Lien
           713               100054000000000000               3.5                    20110401                 14.875                    3.5                       1                   First Lien
           714               100017000000000000               3.5                    20110501                 14.625                    3.5                       1                   First Lien
           715               100110000000000000               2.25                   20110401                  11.75                    2.25                      2                   First Lien
           716               100054000000000000                0                                                 0                       0                        0                   Second Lien
           717               100054000000000000                3                     20061001                  13.25                     3                        1                   First Lien
           718               100054000000000000              3.875                   20110701                 13.375                   3.875                      1                   First Lien
           719               100054000000000000               3.5                    20110601                  11.75                    3.5                       1                   First Lien
           720               100054000000000000               3.5                    20110701                  12.99                    3.5                       1                   First Lien
           721               100180000000000000                0                                                 0                       0                        0                   Second Lien
           722               100110000000000000               2.25                   20160401                  12.5                     2.25                      2                   First Lien
           723               100366000000000000               2.25                   20160501                  12.75                    2.25                      1                   First Lien
           724               100054000000000000               3.5                    20110501                 13.375                    3.5                       1                   First Lien
           725               100054000000000000               4.5                    20090601                  12.25                    4.5                       1                   First Lien
           726               100054000000000000               3.5                    20110701                  13.5                     3.5                       1                   First Lien
           727               100054000000000000               3.5                    20110701                  13.75                    3.5                       1                   First Lien
           728               100054000000000000               3.5                    20110701                  12.95                    3.5                       1                   First Lien
           729               100180000000000000                0                                                 0                       0                        0                   Second Lien
           730               100054000000000000               4.5                    20080501                 15.875                    4.5                       1                   First Lien
           731               100110000000000000                5                     20080401                  13.75                    7.75                      2                   First Lien
           732               100054000000000000               3.5                    20110501                 13.125                    3.5                       1                   First Lien
           733               100366000000000000               2.25                   20160401                  13.5                     2.25                      2                   First Lien
           734               100054000000000000               3.5                    20110601                  14.5                     3.5                       1                   First Lien
           735               100366000000000000               2.75                   20110301                   14                       8                        2                   First Lien
           736               100054000000000000               3.5                    20110401                 14.125                    3.5                       1                   First Lien
           737               100054000000000000               3.5                    20110401                 13.938                    3.5                       1                   First Lien
           738               100133000000000000               3.75                   20130501                 13.125                    3.75                      1                   First Lien
           739               100133000000000000               3.75                   20130501                 13.125                    3.75                      1                   First Lien
           740               100110000000000000               2.75                   20110401                 12.875                   6.875                      2                   First Lien
           741               100054000000000000               3.5                    20110301                 13.375                    3.5                       1                   First Lien
           742               100366000000000000               3.5                    20110401                 13.875                    3.5                       1                   First Lien
           743               100063000000000000                4                     20070201                  12.75                     4                        2                   First Lien
           744                                                 0                                                 0                       0                        0                   Second Lien
           745               100110000000000000               2.25                   20110401                   13                      2.25                      2                   First Lien
           746               100054000000000000               3.5                    20110401                   15                      3.5                       1                   First Lien
           747               100054000000000000                0                                                 0                       0                        0                   Second Lien
           748               100366000000000000               3.5                    20110401                  14.5                     3.5                       1                   First Lien
           749               100145000000000000                0                                                 0                       0                        0                   Second Lien
           750               100110000000000000               2.75                   20110401                 12.875                   6.875                      2                   First Lien
           751               100054000000000000               3.5                    20110501                 13.375                    3.5                       1                   First Lien
           752               100133000000000000               3.5                    20110401                  12.5                     3.5                       1                   First Lien
           753               100054000000000000               3.99                   20110501                  13.5                     3.99                      1                   First Lien
           754               100357000000000000                0                                                 0                       0                        0                   Second Lien
           755               100366000000000000               3.5                    20110301                 12.625                    3.5                       1                   First Lien
           756               100099000000000000                0                                                 0                       0                        0                   Second Lien
           757               100054000000000000                4                     20080501                 13.875                     4                        1                   First Lien
           758               100110000000000000               2.75                   20110401                 13.125                   7.125                      2                   First Lien
           759               100180000000000000                0                                                 0                       0                        0                   Second Lien
           760               100110000000000000               2.25                   20110401                   12                      2.25                      2                   First Lien
           761               100142000000000000              3.875                   20110401                  12.5                    3.875                      1                   First Lien
           762               100110000000000000               2.25                   20110401                 12.875                    2.25                      2                   First Lien
           763               100054000000000000                0                                                 0                       0                        0                   Second Lien
           764                                                2.25                   20110201                 12.875                    2.25                      2                   First Lien
           765               100054000000000000               4.5                    20080601                 13.875                    4.5                       1                   First Lien
           766               100110000000000000                5                     20090401                 12.375                   6.375                      2                   First Lien
           767               100142000000000000               2.75                   20110401                   13                      2.75                      2                   First Lien
           768               100054000000000000                0                                                 0                       0                        0                   Second Lien
           769               100142000000000000               2.25                   20110401                 13.375                    2.25                      1                   First Lien
           770                                                2.75                   20110401                 15.375                    2.75                      2                   First Lien
           771               100142000000000000               2.25                   20160401                 13.875                    2.25                      2                   First Lien
           772               100110000000000000               2.75                   20110401                  12.75                    2.75                      2                   First Lien
           773               100054000000000000               3.5                    20110301                  13.25                    3.5                       1                   First Lien
           774               100110000000000000               2.75                   20110401                 12.875                   6.875                      2                   First Lien
           775               100110000000000000               2.25                   20110401                 12.625                    2.25                      2                   First Lien
           776               100054000000000000               3.5                    20110401                   13                      3.5                       1                   First Lien
           777               100110000000000000               2.25                   20110401                 12.875                    2.25                      2                   First Lien
           778               100054000000000000                0                                                 0                       0                        0                   Second Lien
           779               100054000000000000               4.4                    20080501                  14.5                     4.4                       1                   First Lien
           780               100110000000000000               2.25                   20110401                 13.125                    2.25                      2                   First Lien
           781               100054000000000000              3.875                   20080401                  14.5                    3.875                      1                   First Lien
           782               100110000000000000               2.75                   20110401                 12.625                   6.625                      2                   First Lien
           783               100110000000000000               2.75                   20110401                  13.25                    7.25                      2                   First Lien
           784               100054000000000000               4.5                    20080501                  13.5                     4.5                       1                   First Lien
           785               100110000000000000               2.25                   20110401                 12.625                    2.25                      2                   First Lien
           786               100054000000000000               3.25                   20080301                   18                      3.25                      1                   First Lien
           787               100110000000000000               2.25                   20110401                  11.5                     2.25                      2                   First Lien
           788               100054000000000000               3.5                    20110301                   13                      3.5                       1                   First Lien
           789               100054000000000000               3.5                    20110401                   13                      3.5                       1                   First Lien
           790               100110000000000000               2.25                   20110401                 12.625                    2.25                      2                   First Lien
           791               100054000000000000                0                                                 0                       0                        0                   Second Lien
           792               100133000000000000               4.5                    20090501                  13.5                     4.5                       1                   First Lien
           793               100133000000000000                0                                                 0                       0                        0                   Second Lien
           794               100110000000000000               2.75                   20110401                  12.75                    6.75                      2                   First Lien
           795               100133000000000000               3.5                    20110401                  12.75                    3.5                       1                   First Lien
           796               100110000000000000               2.75                   20110401                  12.75                    6.75                      2                   First Lien
           797               100054000000000000               3.5                    20090401                  12.75                    3.5                       1                   First Lien
           798                                                 0                                                 0                       0                        0                   Second Lien
           799               100054000000000000                3                     20090301                  14.5                      3                        1                   First Lien
           800               100110000000000000               2.25                   20110401                  12.25                    2.25                      2                   First Lien
           801               100054000000000000               3.5                    20110301                   13                      3.5                       1                   First Lien
           802               100110000000000000               2.25                   20110401                  12.5                     2.25                      2                   First Lien
           803               100096000000000000                0                                                 0                       0                        0                   Second Lien
           804               100054000000000000               3.5                    20110401                 13.375                    3.5                       1                   First Lien
           805               100110000000000000               2.25                   20110401                  12.75                    2.25                      2                   First Lien
           806               100364000000000000               4.5                    20080401                   13                      4.5                       1                   First Lien
           807               100110000000000000               2.25                   20110401                  12.75                    2.25                      2                   First Lien
           808               100360000000000000               3.5                    20110401                 13.875                    3.5                       1                   First Lien
           809               100054000000000000              4.375                   20110601                 16.162                   4.375                      1                   First Lien
           810               100246000000000000                3                     20070301                 13.625                     3                        2                   First Lien
           811               100054000000000000               3.5                    20110501                 13.875                    3.5                       1                   First Lien
           812               100110000000000000               2.25                   20110401                  12.5                     2.25                      2                   First Lien
           813               100415000000000000                0                                                 0                       0                        0                   Second Lien
           814               100054000000000000               3.75                   20130401                 13.125                    3.75                      1                   First Lien
           815               100110000000000000               2.25                   20110401                 12.375                    2.25                      1                   First Lien
           816               100110000000000000               2.25                   20110401                   13                      2.25                      2                   First Lien
           817               100125000000000000                0                                                 0                       0                        0                   Second Lien
           818               100054000000000000                0                                                 0                       0                        0                   Second Lien
           819               100136000000000000               3.5                    20110401                  12.5                     3.5                       1                   First Lien
           820               100054000000000000               3.75                   20130501                  13.25                    3.75                      1                   First Lien
           821               100360000000000000               4.5                    20090401                 12.625                    4.5                       1                   First Lien
           822               100010000000000000               4.5                    20080401                 15.375                    4.5                       1                   First Lien
           823               100360000000000000               4.5                    20080501                  13.5                     4.5                       1                   First Lien
           824               100054000000000000                0                                                 0                       0                        0                   Second Lien
           825               100054000000000000                0                                                 0                       0                        0                   Second Lien
           826               100054000000000000                0                                                 0                       0                        0                   Second Lien
           827               100054000000000000                0                                                 0                       0                        0                   Second Lien
           828               100203000000000000               3.35                   20090306                  12.34                    3.35                      1                   First Lien
           829               100054000000000000                0                                                 0                       0                        0                   Second Lien
           830               100203000000000000                4                     20090201                  12.99                     4                        1                   First Lien
           831               100203000000000000               5.25                   20090224                  14.24                    5.25                      1                   First Lien
           832               100054000000000000                0                                                 0                       0                        0                   Second Lien
           833               100214000000000000               4.5                    20090501                 13.125                    4.5                       1                   First Lien
           834               100054000000000000                0                                                 0                       0                        0                   Second Lien
           835               100360000000000000               4.5                    20080501                  12.99                    4.5                       1                   First Lien
           836               100054000000000000                0                                                 0                       0                        0                   Second Lien
           837               100054000000000000               3.5                    20080401                  13.25                    3.5                       1                   First Lien
           838               100047000000000000               2.5                    20110401                 11.625                    2.5                       1                   First Lien
           839               100308000000000000               3.5                    20110501                  12.75                    3.5                       1                   First Lien
           840               100054000000000000                0                                                 0                       0                        0                   Second Lien
           841               100104000000000000               3.5                    20110401                 13.125                   7.125                      1                   First Lien
           842               100300000000000000               2.5                    20130401                   11                      2.5                       2                   First Lien
           843                                                 5                     20080301                  14.75                     5                        2                   First Lien
           844               100214000000000000                4                     20110301                 12.125                     4                        1                   First Lien
           845               100054000000000000                0                                                 0                       0                        0                   Second Lien
           846               100214000000000000               3.75                   20080101                   13                      3.75                      1                   First Lien
           847               100054000000000000               3.75                   20130501                  12.5                     3.75                      1                   First Lien
           848               100136000000000000               3.5                    20110501                  12.75                    3.5                       1                   First Lien
           849               100054000000000000                0                                                 0                       0                        0                   Second Lien
           850               100133000000000000               3.5                    20110501                   13                      3.5                       1                   First Lien
           851               100158000000000000               3.5                    20110501                 12.875                    3.5                       1                   First Lien
           852               100054000000000000                0                                                 0                       0                        0                   Second Lien
           853                                               4.375                   20110301                   13                     4.375                      1                   First Lien
           854               100122000000000000               4.5                    20090501                 11.875                    4.5                       1                   First Lien
           855               100054000000000000                0                                                 0                       0                        0                   Second Lien
           856               100142000000000000               2.25                   20130401                   12                      2.25                      1                   First Lien
           857               100360000000000000               3.75                   20130501                 12.875                    3.75                      1                   First Lien
           858               100054000000000000                0                                                 0                       0                        0                   Second Lien
           859               100142000000000000               4.25                   20110401                 12.875                    4.25                      1                   First Lien
           860               100054000000000000                0                                                 0                       0                        0                   Second Lien
           861               100136000000000000               3.75                   20130501                 14.125                    3.75                      1                   First Lien
           862               100142000000000000               2.25                   20110301                  11.75                    2.25                      2                   First Lien
           863               100133000000000000               3.75                   20130501                  13.25                    3.75                      1                   First Lien
           864               100054000000000000                0                                                 0                       0                        0                   Second Lien
           865               100142000000000000               2.25                   20110401                 13.375                    2.25                      1                   First Lien
           866               100054000000000000               3.75                   20130601                   14                      3.75                      1                   First Lien
           867               100136000000000000               3.75                   20130501                 12.375                    3.75                      1                   First Lien
           868               100142000000000000               2.25                   20110301                 12.875                    2.25                      2                   First Lien
           869               100142000000000000               2.25                   20130401                  12.5                     2.25                      1                   First Lien
           870               100054000000000000                0                                                 0                       0                        0                   Second Lien
           871               100142000000000000               2.25                   20110401                 12.125                    2.25                      1                   First Lien
           872               100142000000000000              4.375                   20110401                   13                     4.375                      1                   First Lien
           873               100142000000000000               2.75                   20110301                   14                      2.75                      2                   First Lien
           874               100364000000000000               4.5                    20090501                 13.625                    4.5                       1                   First Lien
           875               100136000000000000               4.5                    20090601                 12.375                    4.5                       1                   First Lien
           876               100054000000000000                0                                                 0                       0                        0                   Second Lien
           877               100136000000000000               4.5                    20090501                 12.625                    4.5                       1                   First Lien
           878               100054000000000000                0                                                 0                       0                        0                   Second Lien
           879               100037000000000000               4.5                    20090501                 13.875                    4.5                       1                   First Lien
           880               100054000000000000                0                                                 0                       0                        0                   Second Lien
           881                                                4.5                    20080501                  14.75                    4.5                       1                   First Lien
           882               100142000000000000               2.25                   20110401                  12.5                     2.25                      1                   First Lien
           883               100054000000000000                0                                                 0                       0                        0                   Second Lien
           884               100470000000000000               3.5                    20110501                 12.875                    3.5                       1                   First Lien
           885               100142000000000000               2.25                   20130401                 13.625                    2.25                      2                   First Lien
           886               100054000000000000                0                                                 0                       0                        0                   Second Lien
           887                                                2.25                   20110401                  13.25                    2.25                      2                   First Lien
           888               100054000000000000                0                                                 0                       0                        0                   Second Lien
           889               100122000000000000               4.5                    20090501                 11.875                    4.5                       1                   First Lien
           890               100142000000000000              3.875                   20110301                  12.5                    3.875                      1                   First Lien
           891               100054000000000000                0                                                 0                       0                        0                   Second Lien
           892               100136000000000000               4.5                    20090601                  12.25                    4.5                       1                   First Lien
           893                                                2.75                   20160601                  12.75                    6.75                      1                   First Lien
           894               100214000000000000               4.5                    20080601                  14.75                    4.5                       1                   First Lien
           895               100133000000000000                3                     20110501                 14.625                     3                        1                   First Lien
           896               100133000000000000              3.375                   20090401                   14                     3.375                      1                   First Lien
           897                                                 3                     20110401                  14.1                     8.1                       1                   First Lien
           898               100125000000000000               3.5                    20110601                 12.875                    3.5                       1                   First Lien
           899               100039000000000000                0                                                 0                       0                        0                   Second Lien
           900                                                2.75                   20090401                  12.5                     6.5                       1                   First Lien
           901               100332000000000000               3.25                   20080301                  14.25                    3.25                      1                   First Lien
           902                                                3.5                    20110401                 12.125                    3.5                       1                   First Lien
           903                                                2.75                   20160401                 12.125                   6.125                      1                   First Lien
           904                                                3.75                   20110501                 12.375                    3.75                      1                   First Lien
           905                                               2.625                   20090401                  12.5                     6.5                       1                   First Lien
           906                                                 3                     20160401                  15.1                     9.1                       1                   First Lien
           907               100017000000000000               3.5                    20110301                   15                      3.5                       1                   First Lien
           908               100136000000000000               4.5                    20090601                 12.375                    4.5                       1                   First Lien
           909                                                 3                     20090401                 13.875                   7.875                      1                   First Lien
           910               100360000000000000               4.5                    20090601                 11.875                    4.5                       1                   First Lien
           911               100360000000000000               3.5                    20110401                 12.375                    3.5                       1                   First Lien
           912                                                2.5                    20160401                 12.775                   6.775                      1                   First Lien
           913               100183000000000000               2.25                   20110401                  13.75                    2.25                      1                   First Lien
           914               100125000000000000               3.5                    20110601                  12.5                     3.5                       1                   First Lien
           915                                                2.5                    20110401                 12.475                   6.475                      1                   First Lien
           916               100407000000000000               3.75                   20110401                 12.375                    3.75                      1                   First Lien
           917               100214000000000000               3.5                    20110301                 12.875                   6.875                      1                   First Lien
           918               100133000000000000               3.5                    20110301                 13.375                    3.5                       1                   First Lien
           919               100183000000000000                4                     20110301                 12.875                     4                        2                   First Lien
           920               100183000000000000                4                     20110301                   14                       4                        2                   First Lien
           921               100183000000000000                4                     20110301                   13                       4                        1                   First Lien
           922               100183000000000000                4                     20110301                   14                       4                        2                   First Lien
           923               100183000000000000                4                     20110301                   14                       4                        2                   First Lien
           924               100183000000000000                4                     20110301                   14                       4                        2                   First Lien
           925               100183000000000000                4                     20110401                   14                       4                        2                   First Lien
           926               100183000000000000                4                     20110301                 14.125                     4                        2                   First Lien
           927               100183000000000000                4                     20110201                 14.125                     4                        2                   First Lien
           928               100183000000000000                4                     20110301                  14.25                     4                        2                   First Lien
           929               100183000000000000                4                     20110301                  14.25                     4                        2                   First Lien
           930               100183000000000000                4                     20110301                  14.25                     4                        2                   First Lien
           931               100183000000000000                4                     20110301                 14.375                     4                        2                   First Lien
           932               100183000000000000                4                     20110301                 14.375                     4                        2                   First Lien
           933               100177000000000000               2.25                   20110501                  13.75                    2.25                      2                   First Lien
           934               100054000000000000               3.5                    20110601                   13                      3.5                       1                   First Lien
           935               100361000000000000                0                                                 0                       0                        0                   Second Lien
           936               100366000000000000                0                                                 0                       0                        0                   Second Lien
           937               100054000000000000               3.5                    20110501                  12.75                    3.5                       1                   First Lien
           938               100054000000000000               3.75                   20130401                 13.125                    3.75                      1                   First Lien
           939               100183000000000000                4                     20110401                 14.375                     4                        2                   First Lien
           940               100183000000000000                4                     20110301                  14.5                      4                        2                   First Lien
           941               153465000000000000                4                     20110301                 13.625                     4                        1                   First Lien
           942               100183000000000000                4                     20110301                 14.625                     4                        2                   First Lien
           943               100183000000000000                4                     20110301                   15                       4                        2                   First Lien
           944               100300000000000000                4                     20110301                   15                       4                        2                   First Lien
           945               100470000000000000               3.5                    20110401                 12.625                    3.5                       1                   First Lien
           946               100246000000000000               3.5                    20110401                 14.125                    3.5                       1                   First Lien
           947               100360000000000000               4.5                    20090401                   13                      4.5                       1                   First Lien
           948               100063000000000000                3                     20061001                 14.375                     3                        1                   First Lien
           949               100133000000000000               3.5                    20110501                  12.5                     3.5                       1                   First Lien
           950               100302000000000000               3.5                    20130501                 12.875                    3.5                       1                   First Lien
           951               100136000000000000               2.5                    20110401                 13.375                    2.5                       1                   First Lien
           952               100360000000000000               4.5                    20090501                 13.125                    4.5                       1                   First Lien
           953                                                5.25                   20071201                  13.39                    6.39                      1                   First Lien
           954                                                5.25                   20071201                  14.75                    7.75                      1                   First Lien
           955               100177000000000000               2.25                   20110501                  13.25                    2.25                      2                   First Lien
           956               100054000000000000               4.5                    20090601                 13.125                    4.5                       1                   First Lien
           957               100193000000000000               2.25                   20110301                   13                      2.25                      2                   First Lien
           958               100193000000000000               2.25                   20110301                  12.75                    2.25                      2                   First Lien
           959               100193000000000000               2.25                   20110301                   13                      2.25                      2                   First Lien
           960               100193000000000000               2.25                   20110301                   13                      2.25                      2                   First Lien
           961               100193000000000000               2.25                   20110301                  13.5                     2.25                      2                   First Lien
           962               100080000000000000               2.25                   20110301                  12.75                    2.25                      1                   First Lien
           963                                                5.99                   20071101                  12.99                    5.99                      1                   First Lien
           964               100096000000000000               3.5                    20110401                  12.75                    3.5                       1                   First Lien
           965               100360000000000000               4.5                    20090501                  12.25                    4.5                       1                   First Lien
           966                                                5.69                   20071001                  12.69                    6.19                      1                   First Lien
           967               100214000000000000               3.75                   20080101                 13.375                    3.75                      1                   First Lien
           968               100078000000000000              5.625                   20070801                 12.625                   5.625                      1                   First Lien
           969               100360000000000000               3.5                    20110401                   12                      3.5                       1                   First Lien
           970               100115000000000000               3.75                   20080401                 13.375                    3.75                      1                   First Lien
           971               100052000000000000               5.75                   20070901                 13.365                   7.365                      1                   First Lien
           972               100078000000000000               5.84                   20070901                  12.84                    6.84                      1                   First Lien
           973               100360000000000000               4.5                    20090401                 11.625                    4.5                       1                   First Lien
           974               100099000000000000               3.75                   20130501                  13.5                     3.75                      1                   First Lien
           975               100078000000000000               5.69                   20080901                  12.69                    6.69                      1                   First Lien
           976               100360000000000000               4.5                    20090401                  11.5                     4.5                       1                   First Lien
           977               100080000000000000               2.25                   20110301                  11.75                    2.25                      1                   First Lien
           978               100080000000000000               2.25                   20110301                 12.875                    2.25                      1                   First Lien
           979               100080000000000000               2.25                   20110301                 12.375                    2.25                      1                   First Lien
           980               100080000000000000               2.25                   20110401                  11.75                    2.25                      1                   First Lien
           981               100073000000000000               2.75                   20110401                 13.125                    2.75                      2                   First Lien
           982               100054000000000000               3.5                    20110401                  13.25                    3.5                       1                   First Lien
           983               100073000000000000               6.7                    20090301                  13.2                     7.2                       1                   First Lien
           984               100054000000000000                3                     20070501                 11.125                     3                        2                   First Lien
           985               100073000000000000               2.75                   20130401                  13.5                     2.75                      2                   First Lien
           986               100054000000000000               2.5                    20080501                  11.75                    2.5                       1                   First Lien
           987               100073000000000000               2.75                   20110301                  12.75                    2.75                      2                   First Lien
           988               100054000000000000                3                     20070501                 14.625                     3                        2                   First Lien
           989               100073000000000000               6.8                    20090401                  13.3                     6.8                       1                   First Lien
           990               100054000000000000               3.5                    20110401                  12.99                    3.5                       1                   First Lien
           991               100360000000000000               4.5                    20090401                   14                      4.5                       1                   First Lien
           992               100214000000000000               3.5                    20110401                  11.75                    3.5                       1                   First Lien
           993               100078000000000000               5.41                   20070901                  12.41                    6.41                      1                   First Lien
           994               100349000000000000               5.69                   20070901                  12.69                    6.69                      1                   First Lien
           995               100054000000000000                4                     20061101                 11.292                     4                        2                   First Lien
           996               100332000000000000               4.5                    20080401                   15                      4.5                       1                   First Lien
           997               100054000000000000                0                                                 0                       0                        0                   Second Lien
           998               100054000000000000                0                                                 0                       0                        0                   Second Lien
           999               100360000000000000               4.5                    20090401                  11.5                     4.5                       1                   First Lien
          1000               100360000000000000               2.25                   20110401                 12.875                    2.25                      1                   First Lien
          1001               100054000000000000                0                                                 0                       0                        0                   Second Lien
          1002               100054000000000000                3                     20061101                 14.125                     3                        1                   First Lien
          1003               100320000000000000               4.5                    20090501                  13.95                    4.5                       1                   First Lien
          1004               100054000000000000                0                                                 0                       0                        0                   Second Lien
          1005               100360000000000000               3.5                    20110401                 12.625                    3.5                       1                   First Lien
          1006               100136000000000000               4.5                    20090401                  11.75                    4.5                       1                   First Lien
          1007               100073000000000000               2.75                   20110301                  14.5                     2.75                      2                   First Lien
          1008               100054000000000000               3.75                   20070501                  14.75                    3.75                      2                   First Lien
          1009               100073000000000000               2.25                   20061101                 11.875                    2.25                      1                   First Lien
          1010               100470000000000000               3.5                    20110401                 12.875                    3.5                       1                   First Lien
          1011               100136000000000000               3.75                   20130501                  13.25                    3.75                      1                   First Lien
          1012               100133000000000000               3.5                    20090501                 12.375                    3.5                       1                   First Lien
          1013               100054000000000000               3.5                    20110401                  12.5                     3.5                       1                   First Lien
          1014               100054000000000000               3.5                    20110401                  12.5                     3.5                       1                   First Lien
          1015               100360000000000000               3.75                   20130401                 12.875                    3.75                      1                   First Lien
          1016               100054000000000000              5.375                   20080501                  15.5                    5.375                      1                   First Lien
          1017                                                4.5                    20090501                  13.25                    7.25                      1                   First Lien
          1018               100080000000000000               2.25                   20110401                 11.875                    2.25                      1                   First Lien
          1019               100080000000000000               2.25                   20110301                 11.625                    2.25                      1                   First Lien
          1020               100080000000000000               2.25                   20110401                 11.625                    2.25                      1                   First Lien
          1021               100080000000000000               2.25                   20110401                 12.625                    2.25                      1                   First Lien
          1022               100080000000000000               2.25                   20110401                  12.5                     2.25                      1                   First Lien
          1023               100080000000000000               2.25                   20110301                 12.375                    2.25                      1                   First Lien
          1024               100054000000000000               4.5                    20080401                 12.625                    4.5                       1                   First Lien
          1025               100054000000000000               4.5                    20080501                  13.79                    4.5                       1                   First Lien
          1026               100360000000000000               3.75                   20130401                 12.625                    3.75                      1                   First Lien
          1027               100054000000000000               4.5                    20080401                 14.375                    4.5                       1                   First Lien
          1028               100300000000000000              5.375                   20090401                 12.875                   5.375                      1                   First Lien
          1029               100054000000000000               3.5                    20110401                 12.625                    3.5                       1                   First Lien
          1030               100360000000000000               4.5                    20090501                 11.875                    4.5                       1                   First Lien
          1031               100054000000000000               4.5                    20080501                 13.125                    4.5                       1                   First Lien
          1032               100136000000000000               3.75                   20130501                  13.5                     3.75                      1                   First Lien
          1033               100054000000000000               4.5                    20090401                  12.75                    4.5                       1                   First Lien
          1034               100360000000000000               4.5                    20080501                 12.875                    4.5                       1                   First Lien
          1035               100185000000000000               3.75                   20130501                 13.875                    3.75                      1                   First Lien
          1036               100136000000000000               4.5                    20090401                  12.75                    4.5                       1                   First Lien
          1037               100054000000000000               4.5                    20090501                  12.75                    4.5                       1                   First Lien
          1038               100054000000000000               2.5                    20080501                  12.2                     2.5                       1                   First Lien
          1039               100054000000000000               3.75                   20130401                   13                      3.75                      1                   First Lien
          1040               100360000000000000               3.75                   20130501                  12.75                    3.75                      1                   First Lien
          1041               100054000000000000               4.5                    20080601                 13.875                    4.5                       1                   First Lien
          1042               100308000000000000               3.5                    20110401                 12.875                    3.5                       1                   First Lien
          1043               100054000000000000               3.5                    20110501                 12.375                    3.5                       1                   First Lien
          1044               100054000000000000               3.5                    20110501                   13                      3.5                       1                   First Lien
          1045               100308000000000000               3.5                    20110401                 12.875                    3.5                       1                   First Lien
          1046               100360000000000000               3.75                   20130401                 13.125                    3.75                      1                   First Lien
          1047               100054000000000000               4.5                    20080401                 13.125                    4.5                       1                   First Lien
          1048               100122000000000000               4.5                    20090501                 12.125                    4.5                       1                   First Lien
          1049               100054000000000000               3.5                    20110601                 12.375                    3.5                       1                   First Lien
          1050               100136000000000000               4.5                    20061101                 11.875                    4.5                       1                   First Lien
          1051               100054000000000000              3.875                   20110401                  12.99                   3.875                      1                   First Lien
          1052               100360000000000000               4.5                    20090501                 12.625                    4.5                       1                   First Lien
          1053               100054000000000000               3.5                    20110401                 13.125                    3.5                       1                   First Lien
          1054               100300000000000000               3.75                   20130401                 13.125                    3.75                      1                   First Lien
          1055                                                4.5                    20090501                   13                      4.5                       1                   First Lien
          1056               100310000000000000               3.5                    20080501                 12.875                    3.5                       1                   First Lien
          1057               100197000000000000               3.5                    20110401                 11.875                    3.5                       2                   First Lien
          1058               100054000000000000               4.5                    20090401                  12.75                    4.5                       1                   First Lien
          1059               100197000000000000               3.5                    20110401                  12.75                    3.5                       2                   First Lien
          1060               100054000000000000                3                     20070601                 14.625                     3                        2                   First Lien
          1061               100197000000000000               3.5                    20110401                 10.875                    3.5                       2                   First Lien
          1062               100197000000000000               3.5                    20110401                 12.375                    3.5                       2                   First Lien
          1063               100054000000000000               4.5                    20090401                  12.75                    4.5                       1                   First Lien
          1064               100197000000000000               3.5                    20110401                 11.375                    3.5                       2                   First Lien
          1065               100054000000000000              5.375                   20080401                  15.75                   5.375                      1                   First Lien
          1066               100360000000000000               4.5                    20090501                 12.375                    4.5                       1                   First Lien
          1067               100136000000000000               4.5                    20090501                 12.875                    4.5                       1                   First Lien
          1068               100197000000000000               3.5                    20110401                 12.125                    3.5                       2                   First Lien
          1069               100054000000000000               4.5                    20080401                  13.5                     4.5                       1                   First Lien
          1070               100054000000000000               4.5                    20090401                  12.99                    4.5                       1                   First Lien
          1071               100136000000000000               3.5                    20110401                  13.5                     3.5                       1                   First Lien
          1072               100197000000000000               3.5                    20110201                   14                       8                        1                   First Lien
          1073               100360000000000000               3.75                   20130401                 13.625                    3.75                      1                   First Lien
          1074               100197000000000000               2.25                   20130401                  11.5                     2.25                      2                   First Lien
          1075               100054000000000000               4.5                    20080401                   14                      4.5                       1                   First Lien
          1076               100360000000000000               4.5                    20090501                 13.875                    4.5                       1                   First Lien
          1077               100197000000000000               2.25                   20160301                  11.5                     2.25                      2                   First Lien
          1078               100054000000000000               3.75                   20130501                  13.87                    3.75                      1                   First Lien
          1079               100054000000000000               4.5                    20080501                 15.125                    4.5                       1                   First Lien
          1080               100197000000000000               2.25                   20160301                  11.5                     2.25                      2                   First Lien
          1081               100079000000000000               3.5                    20110401                 12.875                    3.5                       1                   First Lien
          1082               100062000000000000              5.375                   20080401                  15.75                   5.375                      1                   First Lien
          1083               100054000000000000               4.5                    20090501                  13.5                     4.5                       1                   First Lien
          1084               100115000000000000               3.5                    20110401                 13.625                    3.5                       1                   First Lien
          1085               100136000000000000               3.5                    20110401                 13.375                    3.5                       1                   First Lien
          1086               100130000000000000               3.75                   20130401                 12.875                    3.75                      1                   First Lien
          1087               100197000000000000               3.5                    20110401                   13                      3.5                       2                   First Lien
          1088               100054000000000000               3.5                    20110501                  13.25                    3.5                       1                   First Lien
          1089               100197000000000000               3.5                    20110401                  11.75                    3.5                       2                   First Lien
          1090               100054000000000000                0                                                 0                       0                        0                   Second Lien
          1091               100183000000000000                4                     20110301                  12.75                     4                        2                   First Lien
          1092               100183000000000000                4                     20110301                 13.875                     4                        2                   First Lien
          1093               100183000000000000                4                     20110301                 14.125                     4                        2                   First Lien
          1094               100183000000000000                4                     20110301                  14.25                     4                        2                   First Lien
          1095               100183000000000000                4                     20110301                 14.375                     4                        2                   First Lien
          1096               100183000000000000                4                     20110301                  13.5                      4                        1                   First Lien
          1097               100183000000000000                4                     20110201                  14.5                      4                        2                   First Lien
          1098               100183000000000000                4                     20110301                 14.625                     4                        2                   First Lien
          1099               100183000000000000                4                     20110301                  13.25                     4                        2                   First Lien
          1100               100183000000000000                4                     20110301                 13.375                     4                        2                   First Lien
          1101               100183000000000000                4                     20110301                 13.375                     4                        2                   First Lien
          1102               100183000000000000                4                     20110301                  13.5                      4                        2                   First Lien
          1103               100183000000000000                4                     20110301                 13.625                     4                        2                   First Lien
          1104               100300000000000000                4                     20110301                  13.75                     4                        2                   First Lien
          1105               100183000000000000                4                     20110301                  13.75                     4                        2                   First Lien
          1106               100183000000000000                4                     20110301                  13.75                     4                        2                   First Lien
          1107               100183000000000000                4                     20110301                  13.75                     4                        2                   First Lien
          1108               100183000000000000                4                     20110301                  13.75                     4                        2                   First Lien
          1109               100183000000000000                4                     20110301                  13.75                     4                        2                   First Lien
          1110               100183000000000000                4                     20110301                  13.75                     4                        2                   First Lien
          1111               100183000000000000                4                     20110301                  13.75                     4                        2                   First Lien
          1112               100183000000000000                4                     20110301                  13.75                     4                        2                   First Lien
          1113               100054000000000000               3.5                    20110601                 13.375                    3.5                       1                   First Lien
          1114                                               3.375                   20090401                  13.25                   3.375                      1                   First Lien
          1115               100126000000000000              3.875                   20110501                 13.375                   7.375                      1                   First Lien
          1116               100126000000000000              3.875                   20110501                 13.625                   7.625                      1                   First Lien
          1117                                                3.25                   20110601                  14.65                    8.65                      1                   First Lien
          1118                                                2.75                   20110501                 12.925                   6.925                      1                   First Lien
          1119               100126000000000000              3.875                   20110501                  14.25                    8.25                      1                   First Lien
          1120                                                 3                     20110501                  13.75                    7.75                      1                   First Lien
          1121               100133000000000000               3.5                    20110501                 12.875                    3.5                       1                   First Lien
          1122               100054000000000000               3.75                   20130601                 13.484                    3.75                      1                   First Lien
          1123               100360000000000000               4.5                    20090501                 13.375                    4.5                       1                   First Lien
          1124                                                 0                                                 0                       0                        0                   Second Lien
          1125               100096000000000000                0                                                 0                       0                        0                   Second Lien
          1126               100054000000000000               3.75                   20130601                 12.875                    3.75                      1                   First Lien
          1127               100126000000000000              3.875                   20110501                  13.75                    7.75                      1                   First Lien
          1128               100126000000000000              3.875                   20110601                 13.625                   7.625                      1                   First Lien
          1129                                                2.75                   20110501                 12.675                   6.675                      1                   First Lien
          1130               100126000000000000              3.875                   20110501                 13.125                   7.125                      1                   First Lien
          1131               100360000000000000               3.75                   20110401                  12.25                    3.75                      1                   First Lien
          1132               100104000000000000                0                                                 0                       0                        0                   Second Lien
          1133               100176000000000000               3.75                   20130501                  12.99                    3.75                      1                   First Lien
          1134               100054000000000000               4.5                    20090601                  13.5                     4.5                       1                   First Lien
          1135               100073000000000000               6.95                   20080301                  12.95                    6.95                      1                   First Lien
          1136               100073000000000000               5.5                    20071101                  11.75                    5.5                       1                   First Lien
          1137               100239000000000000                0                                                 0                       0                        0                   Second Lien
          1138               100183000000000000                4                     20110401                 13.375                     4                        2                   First Lien
          1139               100239000000000000                0                                                 0                       0                        0                   Second Lien
          1140               100183000000000000                4                     20110401                  13.5                      4                        2                   First Lien
          1141               100073000000000000               6.4                    20080301                  12.9                     6.4                       1                   First Lien
          1142               100073000000000000               7.95                   20080301                  14.45                    7.95                      1                   First Lien
          1143                                                2.75                   20110501                 12.675                   6.675                      1                   First Lien
          1144               100126000000000000              3.875                   20110501                  13.5                     7.5                       1                   First Lien
          1145                                                2.75                   20160601                 12.375                   6.375                      1                   First Lien
          1146                                                2.5                    20160601                 12.525                   6.525                      1                   First Lien
          1147               100183000000000000                4                     20110401                 13.625                     4                        2                   First Lien
          1148               100176000000000000               4.5                    20090501                   13                      4.5                       1                   First Lien
          1149               100054000000000000               4.5                    20090601                  13.25                    4.5                       1                   First Lien
          1150               100071000000000000               3.5                    20110501                 12.875                    3.5                       1                   First Lien
          1151               100130000000000000               3.5                    20110501                 11.625                    3.5                       1                   First Lien
          1152               100054000000000000               3.75                   20130601                 13.238                    3.75                      1                   First Lien
          1153               100126000000000000              3.875                   20110601                  15.25                    9.25                      1                   First Lien
          1154                                                3.5                    20130501                 14.375                   8.375                      1                   First Lien
          1155               100145000000000000               4.5                    20080501                  14.3                     4.5                       1                   First Lien
          1156               100054000000000000              3.875                   20110601                 13.125                   3.875                      1                   First Lien
          1157               100126000000000000              3.875                   20110501                   14                       8                        1                   First Lien
          1158               100126000000000000              3.875                   20110501                  14.5                     8.5                       1                   First Lien
          1159               100073000000000000               7.2                    20080301                  13.7                     7.2                       1                   First Lien
          1160               100073000000000000               7.1                    20080301                  13.1                     7.1                       1                   First Lien
          1161               100126000000000000              3.875                   20110501                 13.375                   7.375                      1                   First Lien
          1162               100320000000000000               3.5                    20110601                  13.5                     3.5                       1                   First Lien
          1163               100239000000000000                0                                                 0                       0                        0                   Second Lien
          1164               100054000000000000              3.875                   20090601                  13.2                    3.875                      1                   First Lien
          1165               100136000000000000               4.5                    20090501                  12.5                     4.5                       1                   First Lien
          1166               100360000000000000               4.5                    20090601                 13.625                    4.5                       1                   First Lien
          1167               100183000000000000                4                     20110401                  13.75                     4                        2                   First Lien
          1168                                                3.5                    20110401                 13.125                    3.5                       1                   First Lien
          1169               100360000000000000               4.5                    20090601                   14                      4.5                       1                   First Lien
          1170               100136000000000000               3.75                   20130501                  12.75                    3.75                      1                   First Lien
          1171               100183000000000000                4                     20110401                   13                       4                        2                   First Lien
          1172               100142000000000000                0                                                 0                       0                        0                   Second Lien
          1173               100054000000000000               2.25                   20130601                  12.2                     2.25                      1                   First Lien
          1174               100133000000000000               3.5                    20110501                 12.875                    3.5                       1                   First Lien
          1175               100183000000000000                4                     20110401                  13.75                     4                        2                   First Lien
          1176               100142000000000000                0                                                 0                       0                        0                   Second Lien
          1177               100054000000000000               4.5                    20080601                  12.99                    4.5                       1                   First Lien
          1178               100054000000000000               3.5                    20110601                   13                      3.5                       1                   First Lien
          1179               100073000000000000               7.2                    20080301                  13.7                     7.7                       1                   First Lien
          1180               100073000000000000               2.25                   20101001                  11.75                    2.25                      2                   First Lien
          1181               100183000000000000                4                     20110401                 13.875                     4                        2                   First Lien
          1182               100360000000000000               4.5                    20090601                 11.875                    4.5                       1                   First Lien
          1183               100142000000000000                0                                                 0                       0                        0                   Second Lien
          1184               100142000000000000                0                                                 0                       0                        0                   Second Lien
          1185               100054000000000000               3.5                    20110601                  13.5                     3.5                       1                   First Lien
          1186               100155000000000000               4.5                    20090501                   14                      4.5                       1                   First Lien
          1187               100073000000000000               6.25                   20090301                  12.75                    6.25                      1                   First Lien
          1188               100073000000000000               2.75                   20090301                 13.625                    2.75                      2                   First Lien
          1189               100183000000000000                4                     20110401                 13.875                     4                        2                   First Lien
          1190               100183000000000000                4                     20110401                   14                       4                        2                   First Lien
          1191               100383000000000000               3.5                    20110601                   13                      3.5                       1                   First Lien
          1192                                                4.5                    20090601                  13.5                     4.5                       1                   First Lien
          1193               100073000000000000                7                     20090301                  13.5                     7.5                       1                   First Lien
          1194               100073000000000000               2.25                   20110401                  12.75                    2.25                      2                   First Lien
          1195               100142000000000000                0                                                 0                       0                        0                   Second Lien
          1196               100136000000000000               3.75                   20130601                  13.25                    3.75                      1                   First Lien
          1197               100054000000000000               4.5                    20090601                  12.85                    4.5                       1                   First Lien
          1198               100142000000000000                0                                                 0                       0                        0                   Second Lien
          1199               100054000000000000               3.5                    20110601                   13                      3.5                       1                   First Lien
          1200               100183000000000000                4                     20110401                   14                       4                        2                   First Lien
          1201               100183000000000000                4                     20110401                   14                       4                        2                   First Lien
          1202               100142000000000000                0                                                 0                       0                        0                   Second Lien
          1203               100073000000000000               7.75                   20090301                  14.25                    7.75                      1                   First Lien
          1204               100073000000000000               7.65                   20090301                  14.15                    7.65                      1                   First Lien
          1205               100073000000000000               6.49                   20090301                  12.99                    6.49                      1                   First Lien
          1206               100073000000000000               7.05                   20090301                  13.55                    7.55                      1                   First Lien
          1207               100142000000000000                0                                                 0                       0                        0                   Second Lien
          1208               100183000000000000                4                     20110401                   14                       4                        2                   First Lien
          1209               100183000000000000                4                     20110401                 14.125                     4                        2                   First Lien
          1210                                                4.5                    20090501                  12.5                     4.5                       1                   First Lien
          1211                                                4.5                    20080601                  14.99                    4.5                       1                   First Lien
          1212               100039000000000000               4.5                    20080601                 17.125                    4.5                       1                   First Lien
          1213               100136000000000000               4.5                    20090601                  13.25                    4.5                       1                   First Lien
          1214               100054000000000000               4.5                    20130601                  13.75                    4.5                       1                   First Lien
          1215               100054000000000000               3.75                   20130601                  13.48                    3.75                      1                   First Lien
          1216               100122000000000000               4.5                    20080501                  13.25                    4.5                       1                   First Lien
          1217               100142000000000000                0                                                 0                       0                        0                   Second Lien
          1218               100054000000000000               3.5                    20110701                 13.375                    3.5                       1                   First Lien
          1219               100360000000000000               3.5                    20110501                 12.875                    3.5                       1                   First Lien
          1220               100054000000000000               3.5                    20110601                  12.99                    3.5                       1                   First Lien
          1221               100183000000000000                4                     20110401                  14.25                     4                        2                   First Lien
          1222               100142000000000000                0                                                 0                       0                        0                   Second Lien
          1223               100073000000000000               6.75                   20090301                  12.75                    6.75                      1                   First Lien
          1224               100073000000000000               2.75                   20110401                 12.875                    2.75                      1                   First Lien
          1225               100136000000000000               4.5                    20090501                 13.125                    4.5                       1                   First Lien
          1226               100177000000000000               2.25                   20110401                 12.875                    2.25                      2                   First Lien
          1227               100126000000000000              3.875                   20110501                 13.375                   7.375                      1                   First Lien
          1228               100126000000000000              3.875                   20110501                  14.5                     8.5                       1                   First Lien
          1229               100126000000000000              3.875                   20110601                 13.875                   7.875                      1                   First Lien
          1230               100126000000000000              3.875                   20110501                   14                       8                        1                   First Lien
          1231               100183000000000000                4                     20110401                  14.25                     4                        2                   First Lien
          1232               100054000000000000               3.5                    20110601                 13.625                    3.5                       1                   First Lien
          1233               100126000000000000              3.875                   20110601                  13.75                    7.75                      1                   First Lien
          1234               100126000000000000              3.875                   20080501                  12.83                    6.83                      1                   First Lien
          1235               100366000000000000               2.25                   20110601                  13.25                    2.25                      1                   First Lien
          1236               100366000000000000               4.5                    20080301                 13.875                    4.5                       1                   First Lien
          1237               100366000000000000               5.5                    20080601                  13.75                    5.5                       1                   First Lien
          1238                                                5.65                   20080601                  14.03                    5.65                      1                   First Lien
          1239               100142000000000000                0                                                 0                       0                        0                   Second Lien
          1240               100054000000000000               3.75                   20130601                 13.875                    3.75                      1                   First Lien
          1241               100366000000000000                5                     20080501                  13.5                      5                        2                   First Lien
          1242               100366000000000000               2.25                   20130501                  12.75                    2.25                      1                   First Lien
          1243               100366000000000000               2.25                   20110601                  12.5                     2.25                      1                   First Lien
          1244               100104000000000000               3.5                    20110601                  12.99                    3.5                       1                   First Lien
          1245               100073000000000000               2.25                   20110501                   13                      2.25                      2                   First Lien
          1246               100073000000000000              8.325                   20090501                 14.325                   8.325                      1                   First Lien
          1247               100073000000000000               2.75                   20110501                 13.125                    2.75                      2                   First Lien
          1248               100073000000000000               6.45                   20090501                  12.95                    6.45                      1                   First Lien
          1249               100073000000000000               7.2                    20080501                  13.7                     7.2                       1                   First Lien
          1250               100073000000000000               6.8                    20090501                  13.3                     6.8                       1                   First Lien
          1251               100133000000000000               4.5                    20090501                 12.875                    4.5                       1                   First Lien
          1252               100183000000000000                4                     20110401                 14.375                     4                        2                   First Lien
          1253               100177000000000000               2.25                   20110501                   13                      2.25                      2                   First Lien
          1254               100183000000000000                4                     20110401                 14.375                     4                        2                   First Lien
          1255               100193000000000000               2.25                   20110301                  12.75                    2.25                      2                   First Lien
          1256               100193000000000000               2.25                   20130201                 12.625                    2.25                      2                   First Lien
          1257               100193000000000000               2.25                   20110401                   13                      2.25                      2                   First Lien
          1258               100193000000000000               2.25                   20130301                 12.375                    2.25                      2                   First Lien
          1259               100193000000000000               2.25                   20080401                  12.75                    2.25                      2                   First Lien
          1260               100193000000000000               2.25                   20110401                  12.25                    2.25                      2                   First Lien
          1261               100073000000000000              6.975                   20080301                 12.975                   6.975                      1                   First Lien
          1262               100073000000000000               7.1                    20080301                  13.6                     7.1                       1                   First Lien
          1263               100193000000000000               2.25                   20110301                   13                      2.25                      2                   First Lien
          1264               100193000000000000               2.25                   20110401                 13.125                    2.25                      2                   First Lien
          1265               100193000000000000               2.25                   20130301                   13                      2.25                      2                   First Lien
          1266               100193000000000000               2.25                   20110401                 12.875                    2.25                      2                   First Lien
          1267               100054000000000000               4.5                    20080601                  13.57                    4.5                       1                   First Lien
          1268               100054000000000000               3.5                    20110401                 12.625                    3.5                       1                   First Lien
          1269               100176000000000000                0                                                 0                       0                        0                   Second Lien
          1270                                                5.99                   20070601                  13.39                    6.39                      1                   First Lien
          1271                                                2.75                   20160401                  12.2                     6.2                       1                   First Lien
          1272               100326000000000000               4.5                    20080401                 13.375                    4.5                       1                   First Lien
          1273               100360000000000000               3.5                    20110601                  11.75                    3.5                       1                   First Lien
          1274               100054000000000000               3.5                    20110701                  13.5                     3.5                       1                   First Lien
          1275                                                2.25                   20110301                 13.625                    2.25                      2                   First Lien
          1276               100073000000000000               6.75                   20080301                  13.25                    7.25                      1                   First Lien
          1277               100054000000000000               3.5                    20110701                  13.9                     3.5                       1                   First Lien
          1278               100072000000000000                0                                                 0                       0                        0                   Second Lien
          1279                                                5.99                   20070601                  13.19                    6.19                      1                   First Lien
          1280                                                3.5                    20110501                  13.5                     3.5                       1                   First Lien
          1281               100054000000000000               3.5                    20110601                 13.875                    3.5                       1                   First Lien
          1282               100096000000000000                0                                                 0                       0                        0                   Second Lien
          1283                                                3.75                   20070901                   17                      3.75                      1                   First Lien
          1284               100133000000000000               3.5                    20110501                   13                      3.5                       1                   First Lien
          1285               100054000000000000               3.5                    20110601                  13.5                     3.5                       1                   First Lien
          1286               100020000000000000                0                                                 0                       0                        0                   Second Lien
          1287               100126000000000000               3.9                    20110501                 13.625                   7.625                      1                   First Lien
          1288                                                2.75                   20160401                  12.2                     6.2                       1                   First Lien
          1289                                                3.5                    20061101                  11.75                    3.5                       1                   First Lien
          1290                                               3.875                   20110501                  13.25                    7.25                      1                   First Lien
          1291               100017000000000000               3.5                    20110401                 14.125                    3.5                       1                   First Lien
          1292               100104000000000000               2.5                    20110401                 12.375                    2.5                       1                   First Lien
          1293                                                 3                     20110501                  14.6                     8.6                       1                   First Lien
          1294               100054000000000000               3.5                    20110601                  13.4                     3.5                       1                   First Lien
          1295               100317000000000000               3.75                   20110501                  14.25                    3.75                      1                   First Lien
          1296               100136000000000000               4.5                    20090401                  12.5                     4.5                       1                   First Lien
          1297                                                3.5                    20110401                 12.375                   6.375                      1                   First Lien
          1298               100126000000000000              3.875                   20110501                  14.75                    8.75                      1                   First Lien
          1299               100126000000000000              3.875                   20110501                  13.5                     7.5                       1                   First Lien
          1300                                                 3                     20090501                 13.475                   7.475                      1                   First Lien
          1301               100126000000000000              3.875                   20110501                  13.75                    7.75                      1                   First Lien
          1302                                                2.75                   20160501                  13.25                    7.25                      1                   First Lien
          1303               100126000000000000              3.875                   20110501                 12.875                   6.875                      1                   First Lien
          1304               100139000000000000                0                                                 0                       0                        0                   Second Lien
          1305                                                5.54                   20080901                  12.54                    6.54                      1                   First Lien
          1306               100062000000000000               4.5                    20080601                 13.875                    4.5                       1                   First Lien
          1307                                                4.6                    20070901                  11.6                     5.6                       1                   First Lien
          1308               100133000000000000                0                                                 0                       0                        0                   Second Lien
          1309               100133000000000000               3.5                    20110401                  12.75                    3.5                       1                   First Lien
          1310                                               2.875                   20100801                  13.5                    2.875                      1                   First Lien
          1311                                                4.5                    20090501                  14.25                    4.5                       1                   First Lien
          1312                                                2.75                   20160501                 12.375                   6.375                      1                   First Lien
          1313               100126000000000000              3.875                   20110501                  13.75                    7.75                      1                   First Lien
          1314                                                2.35                   20110601                  12.85                    6.85                      1                   First Lien
          1315               100126000000000000              3.875                   20110501                 13.875                   3.875                      1                   First Lien
          1316                                                5.99                   20071101                  13.55                    6.55                      1                   First Lien
          1317               100360000000000000               4.5                    20090501                 12.625                    4.5                       1                   First Lien
          1318                                                 3                     20090501                 13.525                   7.525                      1                   First Lien
          1319               100126000000000000              3.875                   20110501                   13                       7                        1                   First Lien
          1320                                                5.75                   20070901                 12.265                   6.265                      1                   First Lien
          1321               100054000000000000               3.5                    20110601                  12.95                    3.5                       1                   First Lien
          1322                                                2.5                    20110601                 13.175                   7.175                      1                   First Lien
          1323               100126000000000000              3.875                   20110501                  13.5                     7.5                       1                   First Lien
          1324                                                 3                     20090401                 13.525                   7.525                      1                   First Lien
          1325               100126000000000000              3.875                   20110501                 12.875                   6.875                      1                   First Lien
          1326                                                2.5                    20090501                 12.775                   6.775                      1                   First Lien
          1327               100126000000000000              3.875                   20110501                 13.625                   7.625                      1                   First Lien
          1328               100054000000000000               2.5                    20080601                  12.25                    2.5                       1                   First Lien
          1329               100104000000000000                0                                                 0                       0                        0                   Second Lien
          1330                                                2.35                   20110601                 12.825                   6.825                      1                   First Lien
          1331                                                2.75                   20110501                 12.825                   6.825                      1                   First Lien
          1332               100054000000000000               3.5                    20110601                  14.5                     3.5                       1                   First Lien
          1333               100063000000000000                0                                                 0                       0                        0                   Second Lien
          1334               100126000000000000              3.875                   20080601                  15.25                    9.25                      1                   First Lien
          1335               100126000000000000              3.875                   20110501                 14.375                   8.375                      1                   First Lien
          1336               100136000000000000               4.5                    20090501                  12.75                    4.5                       1                   First Lien
          1337               100054000000000000               3.5                    20110601                 13.275                    3.5                       1                   First Lien
          1338               100054000000000000               3.5                    20110601                  13.39                    3.5                       1                   First Lien
          1339               100136000000000000               4.5                    20090501                  11.99                    4.5                       1                   First Lien
          1340                                                2.5                    20160601                 13.025                   7.025                      1                   First Lien
          1341                                                2.5                    20160601                 13.025                   7.025                      1                   First Lien
          1342               100099000000000000                0                                                 0                       0                        0                   Second Lien
          1343               100360000000000000               4.5                    20090601                 12.625                    4.5                       1                   First Lien
          1344               100415000000000000                0                                                 0                       0                        0                   Second Lien
          1345               100054000000000000               2.5                    20090601                  11.35                    2.5                       1                   First Lien
          1346               100133000000000000               4.5                    20080501                  14.25                    4.5                       1                   First Lien
          1347               100360000000000000               4.5                    20090401                  12.75                    4.5                       1                   First Lien
          1348               100073000000000000               6.35                   20090501                  12.85                    6.35                      1                   First Lien
          1349               100360000000000000               3.5                    20110401                  12.75                    3.5                       1                   First Lien
          1350               100187000000000000               3.25                   20080401                 11.875                    3.25                      1                   First Lien
          1351                                                 0                                                 0                       0                        0                   Second Lien
          1352               100073000000000000               6.5                    20090601                   13                      6.5                       1                   First Lien
          1353               100187000000000000               3.25                   20130401                 12.625                    3.25                      1                   First Lien
          1354               100360000000000000                0                                                 0                       0                        0                   Second Lien
          1355               100073000000000000               7.65                   20090301                  14.15                    7.65                      1                   First Lien
          1356                                                2.35                   20110401                 12.725                   6.725                      1                   First Lien
          1357               100316000000000000               3.5                    20110401                 12.875                    3.5                       1                   First Lien
          1358               100187000000000000               6.25                   20110401                 11.875                    6.25                      1                   First Lien
          1359               100073000000000000               7.49                   20090601                  13.99                    7.49                      1                   First Lien
          1360               100104000000000000                0                                                 0                       0                        0                   Second Lien
          1361               100187000000000000               3.25                   20110401                  12.5                     3.25                      1                   First Lien
          1362               100073000000000000               7.4                    20090401                  13.4                     7.4                       1                   First Lien
          1363               100097000000000000                0                                                 0                       0                        0                   Second Lien
          1364               100187000000000000               3.25                   20110401                 12.375                    3.25                      1                   First Lien
          1365               100187000000000000               3.25                   20110401                  12.5                     3.25                      1                   First Lien
          1366               100073000000000000               6.49                   20090401                  12.99                    6.49                      1                   First Lien
          1367                                                2.5                    20160501                 13.025                   7.025                      1                   First Lien
          1368               100073000000000000               7.85                   20090401                  13.85                    7.85                      1                   First Lien
          1369               100142000000000000                0                                                 0                       0                        0                   Second Lien
          1370               100187000000000000               3.25                   20080401                  12.25                    3.25                      1                   First Lien
          1371               100073000000000000               7.45                   20090401                  13.45                    7.45                      1                   First Lien
          1372               100300000000000000               5.25                   20110401                 13.375                    5.25                      1                   First Lien
          1373                                                2.5                    20160501                 13.025                   7.025                      1                   First Lien
          1374               100187000000000000               3.25                   20110401                  12.25                    3.25                      1                   First Lien
          1375               100136000000000000               3.5                    20110401                  13.5                     3.5                       1                   First Lien
          1376               100145000000000000               3.25                   20080401                 14.375                    3.25                      1                   First Lien
          1377               100073000000000000               7.25                   20090501                  13.25                    7.25                      1                   First Lien
          1378               100073000000000000                7                     20080501                  13.5                     7.5                       1                   First Lien
          1379                                                3.25                   20090501                 14.175                   8.175                      1                   First Lien
          1380               100073000000000000               6.85                   20090501                  13.35                    6.85                      1                   First Lien
          1381               100063000000000000                0                                                 0                       0                        0                   Second Lien
          1382               100187000000000000               6.75                   20110601                  11.75                    6.75                      1                   First Lien
          1383               100136000000000000               3.5                    20110401                   13                      3.5                       1                   First Lien
          1384               100122000000000000               4.5                    20090401                 12.625                    4.5                       1                   First Lien
          1385               100187000000000000               3.25                   20080401                  12.5                     3.25                      1                   First Lien
          1386               100133000000000000              4.625                   20110701                 14.875                   4.625                      1                   First Lien
          1387                                                 3                     20090501                 14.025                   8.025                      1                   First Lien
          1388               100176000000000000               3.5                    20110401                  13.25                    3.5                       1                   First Lien
          1389                                                5.89                   20071001                  12.89                    6.89                      1                   First Lien
          1390               100054000000000000               3.5                    20110601                 12.942                    3.5                       1                   First Lien
          1391               100054000000000000               3.5                    20110701                  13.5                     3.5                       1                   First Lien
          1392               100054000000000000              3.875                   20130601                 13.375                   3.875                      1                   First Lien
          1393               100073000000000000               7.95                   20090501                  13.95                    7.95                      1                   First Lien
          1394                                                 3                     20090501                 13.975                   7.975                      1                   First Lien
          1395               100360000000000000               4.5                    20090501                  13.5                     4.5                       1                   First Lien
          1396               100136000000000000               4.5                    20090401                 12.375                    4.5                       1                   First Lien
          1397               100415000000000000                0                                                 0                       0                        0                   Second Lien
          1398               100187000000000000               3.25                   20080401                 11.875                    3.25                      1                   First Lien
          1399               100073000000000000               7.4                    20090501                  13.9                     7.4                       1                   First Lien
          1400               100176000000000000              3.375                   20090401                  12.5                    3.375                      1                   First Lien
          1401               100360000000000000               4.5                    20090501                 12.375                    4.5                       1                   First Lien
          1402               100136000000000000               3.75                   20130501                   13                      3.75                      1                   First Lien
          1403               100136000000000000               4.5                    20090601                  13.25                    4.5                       1                   First Lien
          1404               100368000000000000               3.5                    20110501                  12.75                    3.5                       1                   First Lien
          1405               100158000000000000                0                                                 0                       0                        0                   Second Lien
          1406               100054000000000000               4.5                    20090601                 12.375                    4.5                       1                   First Lien
          1407                                                2.75                   20071001                 12.125                    2.75                      1                   First Lien
          1408               100054000000000000               3.75                   20130601                  13.5                     3.75                      1                   First Lien
          1409               100187000000000000               3.25                   20110401                 12.375                    3.25                      1                   First Lien
          1410               100400000000000000                0                                                 0                       0                        0                   Second Lien
          1411                                                2.75                   20160501                 12.375                   6.375                      1                   First Lien
          1412               100110000000000000               3.5                    20110401                  13.1                     3.5                       1                   First Lien
          1413               100073000000000000              8.975                   20090501                 14.975                   8.975                      1                   First Lien
          1414                                                2.5                    20110601                  12.8                     6.8                       1                   First Lien
          1415                                                 3                     20110501                  13.65                    7.65                      1                   First Lien
          1416               100063000000000000               3.5                    20110601                 13.375                    3.5                       1                   First Lien
          1417                                                5.79                   20070901                  12.79                    6.79                      1                   First Lien
          1418               100187000000000000               3.25                   20080401                 12.875                    3.25                      1                   First Lien
          1419               100136000000000000               3.75                   20130601                  12.25                    3.75                      1                   First Lien
          1420               100176000000000000               3.75                   20130401                 11.775                    3.75                      1                   First Lien
          1421                                               3.875                   20110501                   13                       7                        1                   First Lien
          1422                                                2.75                   20160401                  12.2                     6.2                       1                   First Lien
          1423                                                2.75                   20160401                  12.2                     6.2                       1                   First Lien
          1424               100126000000000000              3.875                   20110501                  13.5                     7.5                       1                   First Lien
          1425               100308000000000000               3.5                    20110401                  12.5                     3.5                       1                   First Lien
          1426               100133000000000000               3.5                    20110401                 12.875                    3.5                       1                   First Lien
          1427               100360000000000000               4.5                    20090401                  12.5                     4.5                       1                   First Lien
          1428                                                2.75                   20160401                  12.2                     6.2                       1                   First Lien
          1429               100054000000000000               4.5                    20080601                 13.125                    4.5                       1                   First Lien
          1430               100094000000000000                0                                                 0                       0                        0                   Second Lien
          1431               100126000000000000              3.875                   20110401                 14.625                   8.625                      1                   First Lien
          1432               100470000000000000               3.5                    20110401                  12.75                    3.5                       1                   First Lien
          1433               100050000000000000                0                                                 0                       0                        0                   Second Lien
          1434               100187000000000000               3.25                   20110401                 12.375                    3.25                      1                   First Lien
          1435                                                2.75                   20160401                  12.2                     6.2                       1                   First Lien
          1436               100136000000000000               2.5                    20110401                 13.125                    2.5                       1                   First Lien
          1437               100063000000000000               3.25                   20080401                   14                      3.25                      1                   First Lien
          1438                                                3.5                    20110401                  12.25                    3.5                       1                   First Lien
          1439                                                 4                     20061101                   12                       4                        2                   First Lien
          1440               100054000000000000               4.5                    20090601                  13.82                    4.5                       1                   First Lien
          1441               100187000000000000               3.25                   20110401                  11.75                    3.25                      1                   First Lien
          1442               100054000000000000               3.75                   20130601                  12.65                    3.75                      1                   First Lien
          1443               100126000000000000               2.25                   20110401                 13.625                   7.625                      1                   First Lien
          1444                                                2.75                   20160401                  12.2                     6.2                       1                   First Lien
          1445               100094000000000000                0                                                 0                       0                        0                   Second Lien
          1446               100126000000000000              3.875                   20110501                 13.625                   7.625                      1                   First Lien
          1447                                                2.75                   20160401                  12.2                     6.2                       1                   First Lien
          1448               100126000000000000              3.875                   20110401                 15.125                   9.125                      1                   First Lien
          1449               100378000000000000               6.05                   20080401                 14.375                    6.05                      1                   First Lien
          1450                                                2.75                   20160401                  12.2                     6.2                       1                   First Lien
          1451               100126000000000000              3.875                   20110401                 13.625                   7.625                      1                   First Lien
          1452               100300000000000000               4.5                    20080501                 14.875                   8.875                      1                   First Lien
          1453               100047000000000000               4.5                    20110501                  12.5                     4.5                       1                   First Lien
          1454               100136000000000000               3.5                    20110401                 13.125                    3.5                       1                   First Lien
          1455                                                2.75                   20160401                  12.2                     6.2                       1                   First Lien
          1456               100126000000000000              3.875                   20110501                   14                       8                        1                   First Lien
          1457               100133000000000000               3.5                    20110401                 12.875                    3.5                       1                   First Lien
          1458                                                2.75                   20160401                  12.2                     6.2                       1                   First Lien
          1459               100126000000000000              3.875                   20110501                   14                       8                        1                   First Lien
          1460                                                5.69                   20070918                  12.69                    6.69                      1                   First Lien
          1461               100060000000000000                0                                                 0                       0                        0                   Second Lien
          1462               100187000000000000               3.25                   20110401                  11.75                    3.25                      1                   First Lien
          1463               100054000000000000               3.75                   20130601                  13.7                     3.75                      1                   First Lien
          1464               100193000000000000               3.25                   20070901                  11.5                     3.25                      1                   First Lien
          1465               100187000000000000               3.25                   20130401                 12.625                    3.25                      1                   First Lien
          1466               100133000000000000                0                                                 0                       0                        0                   Second Lien
          1467                                                2.75                   20160401                  12.2                     6.2                       1                   First Lien
          1468               100054000000000000               3.5                    20110601                  13.5                     3.5                       1                   First Lien
          1469               100133000000000000               3.5                    20110401                 13.125                    3.5                       1                   First Lien
          1470               100142000000000000                0                                                 0                       0                        0                   Second Lien
          1471                                                2.25                   20071001                  11.25                    2.25                      1                   First Lien
          1472               100187000000000000               3.25                   20110401                   12                      3.25                      1                   First Lien
          1473               100187000000000000               3.25                   20110401                 12.625                    3.25                      1                   First Lien
          1474                                                 4                     20061101                  11.99                     4                        2                   First Lien
          1475               100142000000000000                0                                                 0                       0                        0                   Second Lien
          1476               100360000000000000               3.5                    20110501                 12.875                    3.5                       1                   First Lien
          1477               100136000000000000               3.5                    20110501                 12.875                    3.5                       1                   First Lien
          1478               100187000000000000               3.25                   20090401                   11                      3.25                      1                   First Lien
          1479                                                 4                     20061001                 12.125                     4                        1                   First Lien
          1480               100193000000000000               3.25                   20070901                 11.375                    3.25                      1                   First Lien
          1481               100054000000000000               3.5                    20110601                  13.15                    3.5                       1                   First Lien
          1482               100054000000000000               3.5                    20110601                  13.5                     3.5                       1                   First Lien
          1483               100054000000000000               3.5                    20090601                  12.5                     3.5                       1                   First Lien
          1484               100142000000000000                0                                                 0                       0                        0                   Second Lien
          1485               100054000000000000               4.5                    20090601                 15.125                    4.5                       1                   First Lien
          1486               100187000000000000               3.25                   20110401                  11.5                     3.25                      1                   First Lien
          1487               100075000000000000                0                                                 0                       0                        0                   Second Lien
          1488               100133000000000000                0                                                 0                       0                        0                   Second Lien
          1489                                                5.99                   20070901                  12.99                    6.99                      1                   First Lien
          1490               100126000000000000              3.875                   20110501                  13.5                     7.5                       1                   First Lien
          1491                                                2.75                   20160401                  12.2                     6.2                       1                   First Lien
          1492               100187000000000000               3.25                   20110401                  12.5                     3.25                      1                   First Lien
          1493               100054000000000000               3.75                   20130601                  13.75                    3.75                      1                   First Lien
          1494               100273000000000000               2.75                   20110401                  12.5                     2.75                      1                   First Lien
          1495               100126000000000000              3.875                   20110501                   13                       7                        1                   First Lien
          1496               100136000000000000               4.5                    20090401                  12.5                     4.5                       1                   First Lien
          1497               100073000000000000               8.85                   20090301                  14.85                    8.85                      1                   First Lien
          1498                                                2.5                    20160401                 12.775                   6.775                      1                   First Lien
          1499               100073000000000000               7.55                   20090501                  14.05                    8.05                      1                   First Lien
          1500               100133000000000000               4.5                    20090501                  12.5                     4.5                       1                   First Lien
          1501               100212000000000000              3.375                   20090401                  12.25                   3.375                      1                   First Lien
          1502                                                2.75                   20160601                 12.375                   6.375                      1                   First Lien
          1503               100176000000000000               3.25                   20080501                 14.375                    3.25                      1                   First Lien
          1504               100212000000000000               4.25                   20110401                 12.875                    4.25                      1                   First Lien
          1505               100360000000000000               4.5                    20090401                  13.5                     4.5                       1                   First Lien
          1506               100212000000000000               2.25                   20110401                  13.75                    2.25                      1                   First Lien
          1507               100212000000000000              4.375                   20110401                 12.875                   4.375                      1                   First Lien
          1508               100073000000000000               6.95                   20090501                  13.45                    7.45                      1                   First Lien
          1509               100073000000000000                7                     20090501                  13.5                      7                        1                   First Lien
          1510                                                 3                     20090501                 14.225                   8.225                      1                   First Lien
          1511                                                 3                     20110501                  14.35                    8.35                      1                   First Lien
          1512               100073000000000000               7.4                    20090501                  13.9                     7.4                       1                   First Lien
          1513               100073000000000000               7.95                   20090501                  13.95                    7.95                      1                   First Lien
          1514                                                 3                     20090401                 13.475                   7.475                      1                   First Lien
          1515               100360000000000000               4.5                    20090401                 13.625                    4.5                       1                   First Lien
          1516               100073000000000000               8.15                   20090501                  14.15                    8.15                      1                   First Lien
          1517                                                2.5                    20110601                 12.975                   6.975                      1                   First Lien
          1518               100365000000000000               3.5                    20110401                 14.375                    3.5                       1                   First Lien
          1519                                                 3                     20110501                  14.3                     7.6                       1                   First Lien
          1520               100073000000000000               8.25                   20090501                  14.25                    8.25                      1                   First Lien
          1521                                                3.5                    20110401                  12.75                    3.5                       1                   First Lien
          1522                                                 3                     20110501                 13.175                   7.175                      1                   First Lien
          1523               100073000000000000               6.75                   20090501                  13.25                    6.75                      1                   First Lien
          1524               100360000000000000               4.5                    20080401                   13                      4.5                       1                   First Lien
          1525                                                 3                     20090501                 13.725                   7.725                      1                   First Lien
          1526               100073000000000000               7.8                    20090501                  13.8                     7.8                       1                   First Lien
          1527               100133000000000000               3.5                    20110401                  13.5                     3.5                       1                   First Lien
          1528               100037000000000000               2.25                   20160601                  13.25                    2.25                      1                   First Lien
          1529               100091000000000000               3.25                   20090401                  12.75                    3.25                      2                   First Lien
          1530               100037000000000000               2.25                   20160601                  12.75                    2.25                      2                   First Lien
          1531               100091000000000000               3.25                   20080401                 13.875                    3.25                      2                   First Lien
          1532               100037000000000000               2.25                   20160501                 13.375                    2.25                      1                   First Lien
          1533               100091000000000000               3.25                   20090401                 12.625                    3.25                      2                   First Lien
          1534               100099000000000000               4.5                    20080701                  14.14                    4.5                       1                   First Lien
          1535               100091000000000000               3.25                   20090401                  13.3                     3.25                      2                   First Lien
          1536               100122000000000000               4.5                    20090601                  12.5                     4.5                       1                   First Lien
          1537                                                2.75                   20110501                  12.9                     6.9                       1                   First Lien
          1538               100360000000000000               4.5                    20090601                 12.875                    4.5                       1                   First Lien
          1539               100360000000000000               4.5                    20090601                  12.99                    4.5                       1                   First Lien
          1540                                                2.75                   20160401                  12.25                    6.25                      1                   First Lien
          1541                                                2.75                   20160401                  12.25                    6.25                      1                   First Lien
          1542               100410000000000000               3.5                    20110601                 13.875                    3.5                       1                   First Lien
          1543               100360000000000000               4.5                    20090601                 11.875                    4.5                       1                   First Lien
          1544                                                2.5                    20110401                  12.6                     6.6                       1                   First Lien
          1545               100133000000000000               3.25                   20090301                 13.375                    3.25                      1                   First Lien
          1546               100133000000000000               3.25                   20080301                 14.125                    3.25                      1                   First Lien
          1547                                                 3                     20130401                 14.075                   8.075                      1                   First Lien
          1548               100360000000000000               3.75                   20130601                  14.25                    3.75                      1                   First Lien
          1549                                                2.5                    20160501                 12.575                   6.575                      1                   First Lien
          1550               100063000000000000               3.5                    20110401                 13.375                    3.5                       1                   First Lien
          1551               100083000000000000               3.5                    20110601                 12.625                    3.5                       1                   First Lien
          1552                                                4.5                    20080601                 13.425                    4.5                       1                   First Lien
          1553               100091000000000000               3.25                   20090401                 13.275                    3.25                      2                   First Lien
          1554                                                4.5                    20090601                 12.875                    4.5                       1                   First Lien
          1555               100091000000000000               3.25                   20110401                 13.375                    3.25                      2                   First Lien
          1556               100010000000000000               4.5                    20080601                 14.625                    4.5                       1                   First Lien
          1557               100448000000000000               4.5                    20090601                  12.25                    6.25                      1                   First Lien
          1558               100316000000000000               4.5                    20090601                 13.875                    4.5                       1                   First Lien
          1559               100091000000000000               3.25                   20080401                  14.15                    3.25                      2                   First Lien
          1560                                                 3                     20160501                  14.35                    8.35                      1                   First Lien
          1561               100073000000000000               7.8                    20080501                  14.3                     7.8                       1                   First Lien
          1562               100073000000000000               2.25                   20110501                  12.25                    2.25                      2                   First Lien
          1563               100091000000000000               3.25                   20090401                  13.75                    3.25                      2                   First Lien
          1564                                                2.75                   20160501                  12.45                    6.45                      1                   First Lien
          1565                                                4.5                    20090601                  12.5                     4.5                       1                   First Lien
          1566               100182000000000000               3.75                   20130401                 13.125                    3.75                      1                   First Lien
          1567               100063000000000000              4.125                   20061101                 15.125                   4.125                      1                   First Lien
          1568               100139000000000000               3.5                    20090601                 12.875                    3.5                       1                   First Lien
          1569                                                 3                     20110401                   14                       8                        1                   First Lien
          1570                                                3.5                    20110601                  12.75                    3.5                       1                   First Lien
          1571               100360000000000000                3                     20070401                  13.5                      3                        2                   First Lien
          1572                                                 3                     20090401                 13.875                   7.875                      1                   First Lien
          1573               100360000000000000                3                     20070401                 13.125                     3                        2                   First Lien
          1574                                                4.5                    20090601                 12.875                    4.5                       1                   First Lien
          1575                                                2.5                    20110401                 13.175                   7.175                      1                   First Lien
          1576               100133000000000000               3.5                    20110301                  13.25                    3.5                       1                   First Lien
          1577                                                2.5                    20090401                  12.75                    6.75                      1                   First Lien
          1578               100300000000000000                3                     20070401                 13.875                     3                        2                   First Lien
          1579               100366000000000000                5                     20080201                  12.5                      5                        1                   First Lien
          1580               100073000000000000                5                     20080501                  12.5                      5                        2                   First Lien
          1581                                                3.25                   20090401                  14.2                     3.25                      2                   First Lien
          1582                                               2.625                   20090401                  12.85                    6.85                      1                   First Lien
          1583               100136000000000000               2.5                    20110401                  12.75                    2.5                       1                   First Lien
          1584               100136000000000000               3.5                    20110601                 12.375                    3.5                       1                   First Lien
          1585                                                2.5                    20090401                  12.75                    6.75                      1                   First Lien
          1586               100360000000000000               3.5                    20110601                 12.375                    3.5                       1                   First Lien
          1587                                                2.5                    20090401                  12.75                    6.75                      1                   First Lien
          1588               100214000000000000               7.45                   20080601                  15.45                    8.45                      1                   First Lien
          1589                                                 3                     20110401                  13.55                    7.55                      1                   First Lien
          1590               100214000000000000              6.675                   20090501                 14.675                   7.675                      1                   First Lien
          1591                                                2.75                   20160401                 12.125                   6.125                      1                   First Lien
          1592               100214000000000000                6                     20080601                   14                       7                        1                   First Lien
          1593                                                2.5                    20110401                 12.675                   6.675                      1                   First Lien
          1594               100214000000000000              6.375                   20080501                 14.375                   7.375                      1                   First Lien
          1595                                                2.75                   20110501                 12.925                   6.925                      1                   First Lien
          1596                                                 3                     20110501                  13.5                     7.5                       1                   First Lien
          1597               100360000000000000               4.5                    20090601                 13.875                    4.5                       1                   First Lien
          1598                                                2.75                   20160401                  13.15                    7.15                      1                   First Lien
          1599               100099000000000000              5.375                   20080701                 17.875                   5.375                      1                   First Lien
          1600               100155000000000000               4.5                    20090601                  13.5                     4.5                       1                   First Lien
          1601                                                2.75                   20160401                  13.15                    7.15                      1                   First Lien
          1602                                                2.5                    20110401                 12.425                   6.425                      1                   First Lien
          1603               100122000000000000               4.5                    20090601                  13.25                    4.5                       1                   First Lien
          1604                                                2.5                    20090401                 12.625                   6.625                      1                   First Lien
          1605               100360000000000000               3.5                    20110601                 12.875                    3.5                       1                   First Lien
          1606                                                2.5                    20160401                 12.825                   6.825                      1                   First Lien
          1607               100122000000000000               4.5                    20090601                 12.375                    4.5                       1                   First Lien
          1608                                                 3                     20090401                 13.375                   7.375                      1                   First Lien
          1609               100360000000000000               4.5                    20090601                  12.25                    4.5                       1                   First Lien
          1610               100214000000000000               2.25                   20110401                 11.375                    2.25                      2                   First Lien
          1611                                                2.5                    20110401                  12.8                     6.8                       1                   First Lien
          1612               100214000000000000               2.25                   20110401                 11.125                    2.25                      2                   First Lien
          1613                                                2.75                   20160401                 12.375                   6.375                      1                   First Lien
          1614               100214000000000000               2.25                   20110501                  11.5                     2.25                      2                   First Lien
          1615               100091000000000000               3.25                   20090401                  13.15                    3.25                      2                   First Lien
          1616               100073000000000000               2.75                   20110501                 12.875                    2.75                      2                   First Lien
          1617               100091000000000000               3.25                   20090301                 13.475                    3.25                      2                   First Lien
          1618               100073000000000000               2.75                   20080401                 13.125                    2.75                      2                   First Lien
          1619               100360000000000000               3.5                    20110601                 13.125                    3.5                       1                   First Lien
          1620               100136000000000000               4.5                    20090501                 14.375                    4.5                       1                   First Lien
          1621               100039000000000000               4.5                    20080401                  13.75                    4.5                       1                   First Lien
          1622               100073000000000000               7.15                   20090501                  13.65                    7.65                      1                   First Lien
          1623               100073000000000000              7.375                   20090501                 13.875                   7.375                      1                   First Lien
          1624               100122000000000000               3.5                    20110501                  13.25                    3.5                       1                   First Lien
          1625               100183000000000000                4                     20110401                 13.625                     4                        2                   First Lien
          1626               100360000000000000               4.5                    20080401                  13.25                    4.5                       1                   First Lien
          1627               100136000000000000               2.5                    20110401                 12.875                    2.5                       1                   First Lien
          1628               100073000000000000               6.2                    20080501                  12.7                     6.7                       1                   First Lien
          1629                                                2.5                    20110401                  12.8                     6.8                       1                   First Lien
          1630               100091000000000000               3.25                   20090501                  14.65                    3.25                      2                   First Lien
          1631                                                2.5                    20160501                 12.875                   6.875                      1                   First Lien
          1632               100091000000000000               3.25                   20090501                  13.6                     3.25                      2                   First Lien
          1633                                                2.5                    20110501                 12.675                   6.675                      1                   First Lien
          1634               100091000000000000               5.85                   20090501                  14.5                     5.85                      2                   First Lien
          1635                                                2.75                   20160501                  12.5                     6.5                       1                   First Lien
          1636                                                2.75                   20160501                  12.5                     6.5                       1                   First Lien
          1637               100091000000000000               3.25                   20080501                 14.325                    3.25                      2                   First Lien
          1638               100091000000000000               3.25                   20080501                  14.4                     3.25                      2                   First Lien
          1639               100091000000000000               3.25                   20090501                  12.65                    3.25                      2                   First Lien
          1640               100091000000000000               3.25                   20090501                  12.65                    3.25                      2                   First Lien
          1641               100091000000000000               3.25                   20090501                  12.9                     3.25                      2                   First Lien
          1642               100091000000000000               3.25                   20090501                  13.65                    3.25                      2                   First Lien
          1643               100091000000000000               3.25                   20090501                  12.65                    3.25                      2                   First Lien
          1644               100091000000000000               3.25                   20090501                  12.9                     3.25                      2                   First Lien
          1645               100073000000000000               7.85                   20080501                  14.35                    7.85                      1                   First Lien
          1646                                                2.75                   20160601                  12.25                    6.25                      1                   First Lien
          1647               100199000000000000               3.5                    20110401                 13.875                    3.5                       1                   First Lien
          1648               100073000000000000               7.15                   20080501                  13.65                    7.15                      1                   First Lien
          1649                                                2.5                    20160501                  12.65                    6.65                      1                   First Lien
          1650               100094000000000000               3.5                    20110501                 12.375                    3.5                       1                   First Lien
          1651               100136000000000000               3.75                   20130501                  12.5                     3.75                      1                   First Lien
          1652               100073000000000000               8.25                   20090401                  14.25                    8.25                      1                   First Lien
          1653               100360000000000000               3.75                   20130501                 12.875                    3.75                      1                   First Lien
          1654               100073000000000000               7.59                   20080501                  13.59                    7.59                      1                   First Lien
          1655               100091000000000000               3.25                   20080501                  14.55                    3.25                      2                   First Lien
          1656               100091000000000000               3.25                   20080501                  12.8                     3.25                      2                   First Lien
          1657               100091000000000000               3.25                   20090501                  14.55                    3.25                      2                   First Lien
          1658               100091000000000000               3.25                   20090501                  13.6                     3.25                      2                   First Lien
          1659               100091000000000000               3.25                   20090501                  13.55                    3.25                      2                   First Lien
          1660               100091000000000000               3.25                   20090501                  13.95                    3.25                      2                   First Lien
          1661               100091000000000000               3.25                   20090301                 13.375                    3.25                      2                   First Lien
          1662               100091000000000000               3.25                   20110501                  12.75                    3.25                      2                   First Lien
          1663               100091000000000000              4.375                   20080201                 13.375                   7.375                      1                   First Lien
          1664               100091000000000000               3.25                   20080501                  14.05                    3.25                      2                   First Lien
          1665               100136000000000000               3.5                    20110601                  13.75                    3.5                       1                   First Lien
          1666               100407000000000000               4.5                    20090601                  14.1                     4.5                       1                   First Lien
          1667               100136000000000000               4.5                    20090601                  13.25                    4.5                       1                   First Lien
          1668               100452000000000000               2.75                   20110501                 11.875                    2.75                      1                   First Lien
          1669               100452000000000000               2.75                   20090501                 13.125                    2.75                      1                   First Lien
          1670                                                2.75                   20110501                 12.375                    2.75                      1                   First Lien
          1671               100073000000000000               6.7                    20090501                  12.7                     6.7                       1                   First Lien
          1672               100047000000000000              3.625                   20070201                 11.625                   3.625                      1                   First Lien
          1673               100094000000000000               3.5                    20110501                 12.375                    3.5                       1                   First Lien
          1674               100073000000000000               8.25                   20080501                  14.25                    8.25                      1                   First Lien
          1675               100133000000000000                0                                                 0                       0                        0                   Second Lien
          1676               100360000000000000               3.5                    20110601                   13                      3.5                       1                   First Lien
          1677               100368000000000000               3.5                    20110501                  13.75                    3.5                       1                   First Lien
          1678               100133000000000000              3.375                   20090401                  13.5                    3.375                      1                   First Lien
          1679               100073000000000000               7.65                   20090501                  13.65                    7.65                      1                   First Lien
          1680               100073000000000000               7.5                    20080501                  13.5                     7.5                       1                   First Lien
          1681                                                2.5                    20110501                 13.725                   7.725                      1                   First Lien
          1682               100039000000000000               3.25                   20080401                 14.875                    3.25                      1                   First Lien
          1683               100136000000000000               3.75                   20130501                  12.5                     3.75                      1                   First Lien
          1684               100176000000000000               4.5                    20090501                 12.125                    4.5                       1                   First Lien
          1685               100360000000000000               3.5                    20110401                 12.625                    3.5                       1                   First Lien
          1686               100133000000000000               3.5                    20110601                 12.875                    3.5                       1                   First Lien
          1687               100073000000000000               7.6                    20080501                  13.6                     7.6                       1                   First Lien
          1688               100033000000000000                0                                                 0                       0                        0                   Second Lien
          1689               100073000000000000               6.49                   20090501                  12.99                    6.99                      1                   First Lien
          1690               100360000000000000               4.5                    20090601                 13.375                    4.5                       1                   First Lien
          1691               100360000000000000               3.75                   20110401                 13.125                    3.75                      1                   First Lien
          1692                                                4.5                    20090601                   14                      4.5                       1                   First Lien
          1693               100133000000000000               3.75                   20130601                  13.75                    3.75                      1                   First Lien
          1694               100073000000000000               6.4                    20090501                  12.9                     6.4                       1                   First Lien
          1695               100073000000000000               7.05                   20080501                  13.55                    7.05                      1                   First Lien
          1696                                                2.5                    20130501                  12.65                    6.65                      1                   First Lien
          1697               100452000000000000               2.75                   20110501                 12.375                    2.75                      1                   First Lien
          1698               100452000000000000               3.5                    20080501                 13.375                    3.5                       1                   First Lien
          1699               100452000000000000               2.75                   20110501                  12.5                     2.75                      1                   First Lien
          1700               100452000000000000               2.75                   20110501                 12.625                    2.75                      1                   First Lien
          1701               100452000000000000               2.75                   20110501                 12.625                    2.75                      1                   First Lien
          1702               100452000000000000               2.75                   20110501                 11.625                    2.75                      1                   First Lien
          1703               100142000000000000               2.25                   20110301                 12.875                    2.25                      1                   First Lien
          1704               100142000000000000               2.75                   20110401                 14.875                    2.75                      2                   First Lien
          1705               100066000000000000               4.5                    20090401                 12.375                    4.5                       1                   First Lien
          1706               100360000000000000               3.5                    20110401                 11.875                    3.5                       1                   First Lien
          1707                                                3.25                   20110401                 13.875                    3.25                      1                   First Lien
          1708                                                 0                                                 0                       0                        0                   Second Lien
          1709                                                3.25                   20110401                 13.875                    3.25                      1                   First Lien
          1710               100136000000000000               6.5                    20080301                  13.5                     6.5                       1                   First Lien
          1711               100145000000000000               4.5                    20080401                  12.8                     4.5                       1                   First Lien
          1712               100104000000000000               4.5                    20090501                 11.375                    4.5                       1                   First Lien
          1713               100360000000000000               3.75                   20130501                 12.875                    3.75                      1                   First Lien
          1714               100099000000000000                0                                                 0                       0                        0                   Second Lien
          1715               100136000000000000               3.5                    20110401                  12.75                    3.5                       1                   First Lien
          1716               100115000000000000               4.5                    20080501                   13                      4.5                       1                   First Lien
          1717               100073000000000000               7.45                   20090501                  13.95                    7.45                      1                   First Lien
          1718               100104000000000000                0                                                 0                       0                        0                   Second Lien
          1719               100187000000000000               3.25                   20110401                 11.875                    3.25                      1                   First Lien
          1720               100133000000000000               3.75                   20130501                  13.5                     3.75                      1                   First Lien
          1721               100187000000000000               3.25                   20110401                  12.5                     3.25                      1                   First Lien
          1722                                               6.875                   20080301                 12.875                   6.875                      2                   First Lien
          1723               100187000000000000               3.25                   20110401                 12.125                    3.25                      1                   First Lien
          1724               100133000000000000               3.5                    20110501                  12.75                    3.5                       1                   First Lien
          1725               100142000000000000                0                                                 0                       0                        0                   Second Lien
          1726               100187000000000000               3.25                   20110401                  12.5                     3.25                      1                   First Lien
          1727               100073000000000000               7.65                   20090501                  14.15                    7.65                      1                   First Lien
          1728                                                2.5                    20110501                  12.85                    6.85                      1                   First Lien
          1729               100142000000000000                0                                                 0                       0                        0                   Second Lien
          1730               100360000000000000               3.75                   20130501                  12.25                    3.75                      1                   First Lien
          1731               100246000000000000               3.5                    20110301                 13.875                    3.5                       1                   First Lien
          1732               100183000000000000                4                     20110301                   14                       4                        2                   First Lien
          1733               100183000000000000                4                     20110301                  14.25                     4                        2                   First Lien
          1734               100360000000000000               4.5                    20090601                   15                      4.5                       1                   First Lien
          1735               100054000000000000               3.5                    20110601                  12.25                    3.5                       1                   First Lien
          1736               100054000000000000              3.875                   20130601                  15.5                    3.875                      1                   First Lien
          1737               100193000000000000              3.875                   20110401                  12.75                   3.875                      1                   First Lien
          1738               100054000000000000               3.5                    20110601                 13.375                    3.5                       1                   First Lien
          1739                                                2.35                   20160601                  12.4                     6.4                       1                   First Lien
          1740                                                2.75                   20110601                 12.925                   6.925                      1                   First Lien
          1741               100183000000000000                4                     20110301                  14.25                     4                        2                   First Lien
          1742                                                 3                     20090601                 14.275                   8.275                      1                   First Lien
          1743               100183000000000000                4                     20110301                  14.5                      4                        2                   First Lien
          1744                                                 3                     20090601                 13.675                   7.675                      1                   First Lien
          1745               100183000000000000                4                     20110301                 14.625                     4                        2                   First Lien
          1746                                                2.5                    20090601                 12.625                   6.625                      1                   First Lien
          1747               100193000000000000              3.375                   20110401                 11.875                   3.375                      1                   First Lien
          1748                                                2.75                   20110601                 13.175                   7.175                      1                   First Lien
          1749               100193000000000000              4.125                   20110401                 12.875                   4.125                      1                   First Lien
          1750               100183000000000000                4                     20110301                 14.625                     4                        2                   First Lien
          1751                                                3.25                   20090601                 13.875                   7.875                      1                   First Lien
          1752               100193000000000000                4                     20110101                   13                       4                        1                   First Lien
          1753               100183000000000000                4                     20110301                  14.75                     4                        2                   First Lien
          1754                                                2.5                    20160501                 12.525                   6.525                      1                   First Lien
          1755               100183000000000000                4                     20110301                 14.875                     4                        2                   First Lien
          1756               100193000000000000                4                     20110301                 12.625                     4                        1                   First Lien
          1757                                                2.45                   20160601                 12.525                   6.525                      1                   First Lien
          1758               100183000000000000                4                     20110301                 14.125                     4                        2                   First Lien
          1759                                                2.5                    20110601                 12.925                   6.925                      1                   First Lien
          1760               100193000000000000                4                     20110301                 12.375                     4                        1                   First Lien
          1761               100183000000000000                4                     20110301                 14.125                     4                        2                   First Lien
          1762               100193000000000000              4.125                   20110301                  12.5                    4.125                      1                   First Lien
          1763               100360000000000000               4.5                    20090501                 12.875                    4.5                       1                   First Lien
          1764               100091000000000000               3.25                   20090101                  13.4                     3.25                      2                   First Lien
          1765               100193000000000000              4.125                   20080301                  12.5                    4.125                      1                   First Lien
          1766               100193000000000000              4.125                   20080301                  12.5                    4.125                      1                   First Lien
          1767                                                 3                     20090501                 13.525                   7.525                      1                   First Lien
          1768                                                2.5                    20110601                 12.675                   6.675                      1                   First Lien
          1769               100091000000000000               3.25                   20090301                  13.25                    3.25                      2                   First Lien
          1770                                                2.5                    20110601                 13.175                   7.175                      1                   First Lien
          1771               100091000000000000               3.25                   20090301                  13.3                     3.25                      2                   First Lien
          1772               100193000000000000              3.375                   20110301                 11.875                   3.375                      1                   First Lien
          1773                                                2.45                   20160601                 12.275                   6.275                      1                   First Lien
          1774               100091000000000000               3.25                   20090301                  12.5                     3.25                      2                   First Lien
          1775                                                 3                     20130601                 13.775                   7.775                      1                   First Lien
          1776               100193000000000000              4.375                   20110401                 12.875                   4.375                      1                   First Lien
          1777               100091000000000000               3.25                   20090301                  13.55                    3.25                      2                   First Lien
          1778               100193000000000000               3.75                   20110301                  12.25                    3.75                      1                   First Lien
          1779                                                2.45                   20110601                 12.175                   6.175                      1                   First Lien
          1780               100091000000000000               3.25                   20090301                  14.5                     3.25                      2                   First Lien
          1781               100193000000000000              3.375                   20110401                 12.875                   3.375                      1                   First Lien
          1782                                                2.5                    20160601                  13.15                    7.15                      1                   First Lien
          1783               100193000000000000                4                     20110301                  12.5                      4                        1                   First Lien
          1784               100091000000000000               3.25                   20090301                  12.8                     3.25                      2                   First Lien
          1785                                                2.45                   20160601                 12.625                   6.625                      1                   First Lien
          1786               100176000000000000               3.5                    20110401                  13.5                     3.5                       1                   First Lien
          1787               100136000000000000               3.5                    20110501                 12.625                    3.5                       1                   First Lien
          1788               100017000000000000               4.5                    20080401                 14.875                    4.5                       1                   First Lien
          1789                                                2.5                    20110701                  12.6                     6.6                       1                   First Lien
          1790                                                3.25                   20090601                 14.425                   8.425                      1                   First Lien
          1791               100094000000000000              3.375                   20090401                  14.25                   3.375                      1                   First Lien
          1792               100421000000000000               3.75                   20130501                 12.875                    3.75                      1                   First Lien
          1793                                                3.25                   20071101                  11.25                    6.25                      1                   First Lien
          1794               100130000000000000               3.5                    20080401                   14                      3.5                       1                   First Lien
          1795                                                2.75                   20071201                  10.75                    5.75                      1                   First Lien
          1796               100133000000000000               3.5                    20110501                 12.625                    3.5                       1                   First Lien
          1797               100133000000000000               3.5                    20110501                 12.875                    3.5                       1                   First Lien
          1798                                                 3                     20071201                   11                       6                        1                   First Lien
          1799                                                3.25                   20071201                  11.25                    6.25                      1                   First Lien
          1800               100273000000000000               2.25                   20110401                  12.5                     2.5                       1                   First Lien
          1801                                                2.75                   20160601                  12.5                     6.5                       1                   First Lien
          1802               100091000000000000               3.25                   20090301                  14.6                     3.25                      2                   First Lien
          1803                                                2.5                    20090601                 12.775                   6.775                      1                   First Lien
          1804               100193000000000000              3.375                   20110401                 11.875                   3.375                      1                   First Lien
          1805               100193000000000000               3.25                   20110401                  11.75                    3.25                      1                   First Lien
          1806                                                3.5                    20080101                 13.875                    3.5                       1                   First Lien
          1807               100193000000000000               3.25                   20110401                  11.75                    3.25                      1                   First Lien
          1808               100104000000000000               4.5                    20090601                  11.5                     4.5                       1                   First Lien
          1809               100193000000000000               4.25                   20110401                  12.75                    4.25                      1                   First Lien
          1810                                                2.5                    20160701                 13.125                   7.125                      1                   First Lien
          1811                                                2.45                   20130601                 12.375                   6.375                      1                   First Lien
          1812               100039000000000000               4.5                    20090401                 14.875                    4.5                       1                   First Lien
          1813               100136000000000000               4.5                    20090401                 11.625                    4.5                       1                   First Lien
          1814               100300000000000000               4.5                    20080401                 13.375                    4.5                       1                   First Lien
          1815                                               4.375                   20080401                  18.25                    6.25                      1                   First Lien
          1816               100360000000000000               3.5                    20110401                  12.75                    3.5                       1                   First Lien
          1817                                                4.5                    20090401                 12.875                    4.5                       1                   First Lien
          1818               100470000000000000               3.5                    20110401                 12.625                    3.5                       1                   First Lien
          1819               100136000000000000               4.5                    20090401                   12                      4.5                       1                   First Lien
          1820               100136000000000000               4.5                    20090401                   13                      4.5                       1                   First Lien
          1821               100155000000000000               4.5                    20090401                   12                      4.5                       1                   First Lien
          1822               100073000000000000               7.5                    20090501                   14                      7.5                       1                   First Lien
          1823                                                7.49                   20090501                  13.99                    7.49                      1                   First Lien
          1824                                                6.65                   20090501                  13.15                    6.65                      2                   First Lien
          1825                                                7.35                   20090501                  13.85                    7.85                      1                   First Lien
          1826                                                6.65                   20090501                  13.15                    6.65                      1                   First Lien
          1827                                                7.05                   20090501                  13.55                    7.05                      1                   First Lien
          1828                                                7.75                   20090501                  14.25                    7.75                      1                   First Lien
          1829               100246000000000000               3.5                    20110401                   14                      3.5                       1                   First Lien
          1830                                                2.5                    20110601                  12.95                    6.95                      1                   First Lien
          1831               100193000000000000                4                     20110401                  12.5                      4                        1                   First Lien
          1832               100360000000000000               4.5                    20090401                 13.375                    4.5                       1                   First Lien
          1833                                                 3                     20110601                  14.3                     8.3                       1                   First Lien
          1834               100193000000000000              3.375                   20110401                 11.875                   3.375                      1                   First Lien
          1835                                                2.45                   20130601                 12.725                   6.725                      1                   First Lien
          1836                                                3.5                    20110401                  12.5                     3.5                       1                   First Lien
          1837               100193000000000000              3.875                   20110501                 12.375                   3.875                      1                   First Lien
          1838               100136000000000000               4.5                    20090401                 12.375                    4.5                       1                   First Lien
          1839                                                2.5                    20110601                  13.05                    7.05                      1                   First Lien
          1840               100193000000000000               3.25                   20110401                  11.5                     3.25                      1                   First Lien
          1841               100383000000000000               3.5                    20110401                  13.25                    3.5                       1                   First Lien
          1842                                                2.5                    20110601                 12.725                   6.725                      1                   First Lien
          1843               100193000000000000               3.25                   20110401                 11.375                    3.25                      1                   First Lien
          1844               100063000000000000               3.5                    20110401                 13.875                    3.5                       1                   First Lien
          1845                                                 3                     20160701                  14.7                     8.7                       1                   First Lien
          1846               100193000000000000               3.75                   20110401                  12.25                    3.75                      1                   First Lien
          1847               100099000000000000              3.375                   20090401                   14                     3.375                      1                   First Lien
          1848                                                2.75                   20110601                  13.35                    7.35                      1                   First Lien
          1849               100193000000000000              4.375                   20110401                 12.875                   4.375                      1                   First Lien
          1850               100193000000000000              3.625                   20110401                  11.75                   3.625                      1                   First Lien
          1851               100360000000000000               3.5                    20110401                 13.375                    3.5                       1                   First Lien
          1852               100122000000000000               3.5                    20110401                  12.5                     3.5                       1                   First Lien
          1853                                                3.25                   20110501                  11.5                     3.25                      1                   First Lien
          1854               100193000000000000              3.625                   20110401                  12.25                   3.625                      1                   First Lien
          1855                                                 3                     20130601                 13.925                   7.925                      1                   First Lien
          1856                                                2.5                    20090601                 12.625                   6.625                      1                   First Lien
          1857               100133000000000000               3.5                    20110501                 12.125                    3.5                       1                   First Lien
          1858                                                2.5                    20110601                  13.05                    7.05                      1                   First Lien
          1859                                                 3                     20090601                 14.175                   8.175                      1                   First Lien
          1860               100360000000000000               4.5                    20090401                 11.875                    4.5                       1                   First Lien
          1861                                                 3                     20090601                 14.425                   8.425                      1                   First Lien
          1862                                                7.6                    20090501                  14.1                     7.6                       1                   First Lien
          1863                                                7.65                   20080501                  13.65                    7.65                      1                   First Lien
          1864                                                2.75                   20110401                 12.875                    2.75                      2                   First Lien
          1865                                                7.55                   20090501                  13.55                    7.55                      1                   First Lien
          1866                                                7.75                   20090501                  13.75                    7.75                      1                   First Lien
          1867                                                8.05                   20090501                  14.05                    8.05                      1                   First Lien
          1868                                                7.85                   20090501                  13.85                    7.85                      1                   First Lien
          1869                                                7.75                   20090501                  13.75                    7.75                      1                   First Lien
          1870                                                2.75                   20080501                  13.75                    2.75                      2                   First Lien
          1871                                                2.75                   20090501                 12.975                    2.75                      2                   First Lien
          1872                                                6.85                   20080501                  12.85                    6.85                      1                   First Lien
          1873                                                6.95                   20080501                  12.95                    6.95                      1                   First Lien
          1874               100104000000000000               3.5                    20110601                 13.625                    3.5                       1                   First Lien
          1875                                                2.75                   20130501                 11.625                    2.75                      2                   First Lien
          1876                                                2.75                   20110501                 10.875                    2.75                      2                   First Lien
          1877                                                2.75                   20130501                 11.375                    2.75                      2                   First Lien
          1878                                                2.75                   20130501                 11.625                    2.75                      2                   First Lien
          1879                                                2.75                   20130601                 11.625                    2.75                      2                   First Lien
          1880               100332000000000000               4.5                    20090601                  15.5                     4.5                       1                   First Lien
          1881               100360000000000000               3.5                    20110601                  13.25                    3.5                       1                   First Lien
          1882               100037000000000000                3                     20090601                  12.25                     3                        2                   First Lien
          1883               100037000000000000               2.25                   20110501                 12.875                    2.25                      2                   First Lien
          1884               100037000000000000               4.25                   20110601                 12.875                    4.25                      1                   First Lien
          1885               100136000000000000               3.75                   20130601                 13.125                    3.75                      1                   First Lien
          1886               100037000000000000               2.25                   20110601                 12.375                    2.25                      2                   First Lien
          1887               100097000000000000                3                     20061101                  14.75                     3                        1                   First Lien
          1888               100136000000000000               3.5                    20110501                  13.25                    3.5                       1                   First Lien
          1889               100037000000000000               2.75                   20110401                  13.25                    7.25                      2                   First Lien
          1890               100037000000000000               3.75                   20110401                 12.375                    3.75                      1                   First Lien
          1891               100306000000000000               3.5                    20110501                 13.625                    3.5                       1                   First Lien
          1892               100320000000000000               2.25                   20130601                 13.375                    2.25                      1                   First Lien
          1893               100037000000000000               2.25                   20130501                  11.5                     2.25                      2                   First Lien
          1894               100319000000000000               3.75                   20130501                  13.75                    3.75                      1                   First Lien
          1895                                                 3                     20090601                 14.625                   8.625                      1                   First Lien
          1896               100300000000000000                3                     20070601                  15.25                     3                        2                   First Lien
          1897                                                2.75                   20160601                 12.625                   6.625                      1                   First Lien
          1898               100360000000000000               4.5                    20090401                 12.625                    4.5                       1                   First Lien
          1899                                                2.75                   20160601                 12.625                   6.625                      1                   First Lien
          1900                                                3.5                    20110401                  13.25                    3.5                       1                   First Lien
          1901                                               2.625                   20160601                   13                       7                        1                   First Lien
          1902               100360000000000000               4.5                    20090401                 12.375                    4.5                       1                   First Lien
          1903               100360000000000000                6                     20090401                 13.375                     6                        1                   First Lien
          1904                                                2.45                   20110501                  12.7                     6.75                      1                   First Lien
          1905               100130000000000000               4.5                    20080501                  13.75                    4.5                       1                   First Lien
          1906               100037000000000000               2.25                   20110501                 13.375                    2.25                      2                   First Lien
          1907               100360000000000000               3.75                   20130501                 12.875                    3.75                      1                   First Lien
          1908               100037000000000000              2.625                   20110501                  12.25                   2.625                      2                   First Lien
          1909               100360000000000000               4.5                    20090501                 12.625                    4.5                       1                   First Lien
          1910               100037000000000000               2.25                   20110601                  13.5                     2.25                      2                   First Lien
          1911               100122000000000000               4.5                    20090501                  13.25                    4.5                       1                   First Lien
          1912               100063000000000000               3.75                   20130501                  12.75                    3.75                      1                   First Lien
          1913               100037000000000000               2.25                   20110601                  11.25                    2.25                      2                   First Lien
          1914               100037000000000000               2.25                   20110301                 11.125                    2.25                      2                   First Lien
          1915               100122000000000000               4.5                    20090501                 12.125                    4.5                       1                   First Lien
          1916               100037000000000000               2.75                   20110501                  11.25                    2.75                      1                   First Lien
          1917               100136000000000000               4.5                    20090501                   12                      4.5                       1                   First Lien
          1918               100037000000000000               2.25                   20110601                  12.5                     2.25                      1                   First Lien
          1919               100091000000000000               3.25                   20090301                  14.1                     3.25                      2                   First Lien
          1920               100037000000000000               2.25                   20160601                 13.625                    2.25                      1                   First Lien
          1921               100091000000000000               3.25                   20090401                  13.45                    3.25                      2                   First Lien
          1922               100360000000000000               3.5                    20110401                 13.625                    3.5                       1                   First Lien
          1923                                                3.25                   20110601                  14.3                     8.3                       1                   First Lien
          1924                                                2.45                   20160601                  12.75                    6.75                      1                   First Lien
          1925               100360000000000000               4.5                    20090401                  12.25                    4.5                       1                   First Lien
          1926                                                2.5                    20110701                 12.725                   6.725                      1                   First Lien
          1927                                                2.5                    20130601                  12.65                    6.65                      1                   First Lien
          1928               100136000000000000               2.5                    20110501                 14.125                    2.5                       1                   First Lien
          1929                                                2.75                   20160601                 12.375                   6.375                      1                   First Lien
          1930               100183000000000000                4                     20110301                  13.75                     4                        2                   First Lien
          1931               100054000000000000               3.75                   20130601                 12.375                    3.75                      1                   First Lien
          1932                                                2.75                   20090601                 12.625                   6.625                      1                   First Lien
          1933               100187000000000000               3.25                   20110501                   12                      3.25                      1                   First Lien
          1934               100054000000000000               3.5                    20110601                  12.75                    3.5                       1                   First Lien
          1935               100183000000000000                4                     20110301                  13.75                     4                        2                   First Lien
          1936                                                2.75                   20090601                 12.625                   6.625                      1                   First Lien
          1937               100187000000000000               3.25                   20110501                  12.5                     3.25                      1                   First Lien
          1938               100183000000000000                4                     20110301                  13.75                     4                        2                   First Lien
          1939               100054000000000000               2.5                    20090601                  11.75                    2.5                       1                   First Lien
          1940               100054000000000000               3.75                   20130601                 12.875                    3.75                      1                   First Lien
          1941               100300000000000000               3.25                   20110501                   12                      3.25                      1                   First Lien
          1942                                                2.5                    20110601                 12.675                   6.675                      1                   First Lien
          1943               100183000000000000                4                     20110301                 13.875                     4                        2                   First Lien
          1944               100300000000000000               3.25                   20110501                 12.625                    3.25                      1                   First Lien
          1945                                                 3                     20090601                  12.75                    6.75                      1                   First Lien
          1946               100183000000000000                4                     20110301                 13.875                     4                        2                   First Lien
          1947               100054000000000000               3.5                    20110601                  13.5                     3.5                       1                   First Lien
          1948               100136000000000000               4.5                    20090501                 12.625                    4.5                       1                   First Lien
          1949               100183000000000000                4                     20110301                 13.875                     4                        2                   First Lien
          1950               100054000000000000               4.5                    20090601                   12                      4.5                       1                   First Lien
          1951                                                2.35                   20160601                  12.4                     6.4                       1                   First Lien
          1952               100360000000000000               4.5                    20090601                   15                      4.5                       1                   First Lien
          1953               100054000000000000               4.5                    20090601                 12.275                    4.5                       1                   First Lien
          1954               100360000000000000               4.5                    20090501                  13.75                    4.5                       1                   First Lien
          1955               100054000000000000               3.5                    20110601                  13.25                    3.5                       1                   First Lien
          1956               100054000000000000               4.5                    20090701                 11.975                    4.5                       1                   First Lien
          1957               100187000000000000               3.25                   20110501                  12.25                    3.25                      1                   First Lien
          1958               100054000000000000               3.5                    20110701                 13.625                    3.5                       1                   First Lien
          1959               100187000000000000               3.25                   20110501                  11.5                     3.25                      1                   First Lien
          1960               100187000000000000               3.25                   20080501                  11.75                    3.25                      1                   First Lien
          1961               100054000000000000               3.5                    20110601                  12.7                     3.5                       1                   First Lien
          1962               100054000000000000               3.5                    20110701                  12.99                    3.5                       1                   First Lien
          1963               100187000000000000               3.25                   20110501                 12.625                    3.25                      1                   First Lien
          1964               100187000000000000               3.25                   20110501                 12.375                    3.25                      2                   First Lien
          1965               100187000000000000               3.25                   20110501                 11.625                    3.25                      1                   First Lien
          1966               100360000000000000               4.5                    20090501                  13.75                    4.5                       1                   First Lien
          1967               100136000000000000               3.75                   20130501                   13                      3.75                      1                   First Lien
          1968               100122000000000000               4.5                    20090601                  12.5                     4.5                       1                   First Lien
          1969               100133000000000000               4.5                    20090501                  13.25                    4.5                       1                   First Lien
          1970               100306000000000000               4.5                    20080501                 13.625                    4.5                       1                   First Lien
          1971               100158000000000000               3.5                    20110501                  12.75                    3.5                       1                   First Lien
          1972               100094000000000000               4.5                    20090601                 13.375                    4.5                       1                   First Lien
          1973               100407000000000000               3.5                    20110501                  13.25                    3.5                       1                   First Lien
          1974                                                4.5                    20090601                 13.375                    4.5                       1                   First Lien
          1975               100360000000000000               4.5                    20090601                 13.875                    4.5                       1                   First Lien
          1976               100360000000000000               4.5                    20090601                  12.75                    4.5                       1                   First Lien
          1977               100056000000000000               4.5                    20080501                  14.5                     4.5                       1                   First Lien
          1978               100360000000000000               3.75                   20130601                 13.625                    3.75                      1                   First Lien
          1979               100136000000000000               3.75                   20130601                 12.625                    3.75                      1                   First Lien
          1980               100360000000000000               4.5                    20090601                  13.75                    4.5                       1                   First Lien
          1981               100360000000000000               4.5                    20090601                 12.625                    4.5                       1                   First Lien
          1982               100136000000000000               4.5                    20090601                 12.375                    4.5                       1                   First Lien
          1983               100136000000000000               4.5                    20090601                  12.75                    4.5                       1                   First Lien
          1984               100145000000000000               4.5                    20080601                  14.95                    4.5                       1                   First Lien
          1985               100360000000000000               3.75                   20130601                 12.875                    3.75                      1                   First Lien
          1986               100183000000000000                4                     20110401                 14.375                     4                        2                   First Lien
          1987               100133000000000000               3.75                   20130501                 13.375                    3.75                      1                   First Lien
          1988               100177000000000000               2.25                   20110501                  13.25                    2.25                      2                   First Lien
          1989               100054000000000000               3.5                    20110701                  12.75                    3.5                       1                   First Lien
          1990               100183000000000000                4                     20110401                 14.625                     4                        2                   First Lien
          1991               100054000000000000              3.875                   20110601                 13.855                   3.875                      1                   First Lien
          1992               100175000000000000               3.25                   20071201                 13.875                    3.25                      1                   First Lien
          1993               100183000000000000                4                     20110401                  14.75                     4                        2                   First Lien
          1994                                                 0                                                 0                       0                        0                   Second Lien
          1995               100183000000000000                4                     20110401                  14.75                     4                        2                   First Lien
          1996               100183000000000000                4                     20110401                   15                       4                        2                   First Lien
          1997               100300000000000000                3                     20061101                  13.75                     3                        1                   First Lien
          1998                                                5.16                   20080501                  13.85                    5.16                      1                   First Lien
          1999               100177000000000000               2.25                   20110501                  13.75                    2.25                      2                   First Lien
          2000               100177000000000000               2.25                   20110501                  12.75                    2.25                      2                   First Lien
          2001               100054000000000000               4.36                   20080601                 12.875                    4.36                      1                   First Lien
          2002               100177000000000000               2.25                   20110501                 12.625                    2.25                      2                   First Lien
          2003               100054000000000000               4.5                    20110701                  14.25                    4.5                       1                   First Lien
          2004                                                 0                                                 0                       0                        0                   Second Lien
          2005               100054000000000000               3.75                   20130601                  13.75                    3.75                      1                   First Lien
          2006               100177000000000000               2.25                   20110501                  12.5                     2.25                      2                   First Lien
          2007               100087000000000000                0                                                 0                       0                        0                   Second Lien
          2008               100177000000000000               2.25                   20110301                 12.875                    2.25                      2                   First Lien
          2009               100054000000000000               4.5                    20090601                  12.5                     4.5                       1                   First Lien
          2010                                                 0                                                 0                       0                        0                   Second Lien
          2011               100054000000000000               3.5                    20110601                 13.359                    3.5                       1                   First Lien
          2012               100360000000000000               4.5                    20090501                  11.75                    4.5                       1                   First Lien
          2013               100319000000000000                0                                                 0                       0                        0                   Second Lien
          2014               100054000000000000               3.5                    20110601                  13.5                     3.5                       1                   First Lien
          2015               100136000000000000               3.75                   20130501                 12.375                    3.75                      1                   First Lien
          2016               100054000000000000               3.75                   20130601                  13.25                    3.75                      1                   First Lien
          2017               100176000000000000               4.5                    20090601                  14.5                     4.5                       1                   First Lien
          2018               100267000000000000                0                                                 0                       0                        0                   Second Lien
          2019                                                4.5                    20090601                 13.125                    4.5                       1                   First Lien
          2020               100054000000000000               3.5                    20110601                 13.375                    3.5                       1                   First Lien
          2021               100366000000000000                0                                                 0                       0                        0                   Second Lien
          2022               100136000000000000               4.5                    20090501                  12.5                     4.5                       1                   First Lien
          2023               100054000000000000              3.875                   20090601                 12.375                   3.875                      1                   First Lien
          2024               100090000000000000                0                                                 0                       0                        0                   Second Lien
          2025               100090000000000000                0                                                 0                       0                        0                   Second Lien
          2026               100054000000000000               3.75                   20130601                  13.35                    3.75                      1                   First Lien
          2027               100133000000000000                3                     20061201                  14.25                     3                        1                   First Lien
          2028               100271000000000000                0                                                 0                       0                        0                   Second Lien
          2029               100360000000000000               3.75                   20130501                 13.375                    3.75                      1                   First Lien
          2030               100054000000000000               3.5                    20110601                 13.125                    3.5                       1                   First Lien
          2031               100360000000000000               4.5                    20090601                 12.875                    4.5                       1                   First Lien
          2032               100054000000000000               4.5                    20080601                   14                      4.5                       1                   First Lien
          2033               100360000000000000               4.5                    20090501                  12.99                    4.5                       1                   First Lien
          2034               100054000000000000               4.5                    20090601                   15                      4.5                       1                   First Lien
          2035               100175000000000000                4                     20061201                 13.125                     4                        2                   First Lien
          2036               100066000000000000               4.5                    20090601                 13.125                    4.5                       1                   First Lien
          2037               100054000000000000               3.75                   20110601                 13.375                    3.75                      1                   First Lien
          2038               100099000000000000                0                                                 0                       0                        0                   Second Lien
          2039               100054000000000000               3.5                    20110601                 12.875                    3.5                       1                   First Lien
          2040               100133000000000000               3.5                    20110401                  12.75                    3.5                       1                   First Lien
          2041               100080000000000000               2.25                   20090401                 13.125                    2.25                      1                   First Lien
          2042               100133000000000000               3.75                   20130501                 12.875                    3.75                      1                   First Lien
          2043               100080000000000000               2.25                   20110401                  11.5                     2.25                      1                   First Lien
          2044               100054000000000000              3.875                   20130601                  12.25                   3.875                      1                   First Lien
          2045               100054000000000000               3.5                    20110601                  12.99                    3.5                       1                   First Lien
          2046               100400000000000000                0                                                 0                       0                        0                   Second Lien
          2047               100080000000000000               2.25                   20090401                 12.875                    2.25                      1                   First Lien
          2048               100133000000000000              3.375                   20090501                 12.625                   3.375                      1                   First Lien
          2049               100080000000000000               2.25                   20090401                 12.625                    2.25                      1                   First Lien
          2050               100054000000000000               3.75                   20130601                 12.375                    3.75                      1                   First Lien
          2051               100133000000000000               3.5                    20110501                  12.75                    3.5                       1                   First Lien
          2052               100054000000000000               3.5                    20110601                  13.25                    3.5                       1                   First Lien
          2053               100080000000000000               2.25                   20110401                   12                      2.25                      1                   First Lien
          2054               100047000000000000                3                     20061201                  13.25                     3                        1                   First Lien
          2055               100054000000000000               3.5                    20110601                  12.75                    3.5                       1                   First Lien
          2056                                                3.5                    20110401                  12.75                    3.5                       1                   First Lien
          2057               100300000000000000               3.5                    20110401                  13.5                     3.5                       1                   First Lien
          2058               100080000000000000               2.25                   20110401                 12.625                    2.25                      1                   First Lien
          2059               100054000000000000               3.5                    20110701                 13.625                    3.5                       1                   First Lien
          2060               100080000000000000               2.25                   20110401                 13.125                    2.25                      1                   First Lien
          2061               100080000000000000               2.25                   20090501                 12.125                    2.25                      1                   First Lien
          2062               100054000000000000               3.5                    20110601                  12.99                    3.5                       1                   First Lien
          2063               100300000000000000                0                                                 0                       0                        0                   Second Lien
          2064               100054000000000000               3.5                    20110701                 12.875                    3.5                       1                   First Lien
          2065               100096000000000000               2.25                   20061101                 14.375                    2.25                      1                   First Lien
          2066               100096000000000000                3                     20061101                 14.125                     3                        1                   First Lien
          2067               100415000000000000                0                                                 0                       0                        0                   Second Lien
          2068               100054000000000000               4.5                    20080601                 13.875                    4.5                       1                   First Lien
          2069               100415000000000000                0                                                 0                       0                        0                   Second Lien
          2070               100096000000000000               2.25                   20080301                   12                      2.25                      1                   First Lien
          2071               100054000000000000               3.5                    20110601                  12.75                    3.5                       1                   First Lien
          2072               100096000000000000               2.25                   20080401                  12.25                    2.25                      1                   First Lien
          2073               100047000000000000               4.5                    20110501                  11.75                    4.5                       1                   First Lien
          2074               100054000000000000               3.5                    20110601                 12.875                    3.5                       1                   First Lien
          2075               100133000000000000               3.75                   20130601                  12.5                     3.75                      1                   First Lien
          2076               100096000000000000               2.75                   20080501                 12.875                    2.75                      1                   First Lien
          2077               100054000000000000               3.5                    20110601                 12.625                    3.5                       1                   First Lien
          2078               100054000000000000               3.5                    20110601                 12.875                    3.5                       1                   First Lien
          2079               100096000000000000               2.75                   20080401                 14.375                    2.75                      1                   First Lien
          2080               100214000000000000                0                                                 0                       0                        0                   Second Lien
          2081               100415000000000000                0                                                 0                       0                        0                   Second Lien
          2082               100096000000000000               2.75                   20080401                   13                      2.75                      1                   First Lien
          2083               100054000000000000               4.5                    20080701                  13.7                     4.5                       1                   First Lien
          2084               100130000000000000                0                                                 0                       0                        0                   Second Lien
          2085               100054000000000000               3.5                    20110601                  13.5                     3.5                       1                   First Lien
          2086               100176000000000000                0                                                 0                       0                        0                   Second Lien
          2087               100096000000000000               2.75                   20080401                  13.75                    2.75                      1                   First Lien
          2088               100054000000000000               4.5                    20090701                  12.5                     4.5                       1                   First Lien
          2089               100096000000000000               2.75                   20080401                 12.375                    2.75                      1                   First Lien
          2090               100054000000000000               3.5                    20110601                  13.99                    3.5                       1                   First Lien
          2091               100096000000000000               2.25                   20080501                 13.125                    2.25                      1                   First Lien
          2092               100096000000000000               3.5                    20080401                 13.125                    3.5                       1                   First Lien
          2093               100054000000000000               3.5                    20110601                 13.875                    3.5                       1                   First Lien
          2094               100096000000000000                3                     20090401                  12.75                     3                        1                   First Lien
          2095               100096000000000000                3                     20090501                  12.5                      3                        1                   First Lien
          2096               100054000000000000              3.875                   20110601                  12.88                   3.875                      1                   First Lien
          2097               100054000000000000               3.5                    20110601                  13.99                    3.5                       1                   First Lien
          2098               100176000000000000               3.75                   20130601                  13.99                    3.75                      1                   First Lien
          2099               100317000000000000               3.75                   20130601                  13.25                    3.75                      1                   First Lien
          2100               100366000000000000               2.5                    20080501                   13                      2.5                       1                   First Lien
          2101               100366000000000000               3.5                    20110501                  12.75                    3.5                       1                   First Lien
          2102               100273000000000000               3.75                   20130601                 12.375                    3.75                      1                   First Lien
          2103               100360000000000000               3.75                   20130601                  15.5                     3.75                      1                   First Lien
          2104                                                4.5                    20080601                  13.75                    4.5                       1                   First Lien
          2105               100136000000000000               3.75                   20130601                 13.125                    3.75                      1                   First Lien
          2106               100360000000000000               3.75                   20130601                 12.875                    3.75                      1                   First Lien
          2107               100054000000000000               4.5                    20090601                   12                      4.5                       1                   First Lien
          2108               100360000000000000               3.75                   20130501                  12.5                     3.75                      1                   First Lien
          2109               100054000000000000               3.5                    20110601                 12.625                    3.5                       1                   First Lien
          2110               100360000000000000               3.75                   20130501                 11.875                    3.75                      1                   First Lien
          2111               100054000000000000               3.5                    20110601                  13.25                    3.5                       1                   First Lien
          2112               100054000000000000               3.5                    20110701                 13.067                    3.5                       1                   First Lien
          2113               100197000000000000               2.25                   20110401                  11.25                    2.25                      2                   First Lien
          2114               100010000000000000               4.5                    20090601                  13.45                    4.5                       1                   First Lien
          2115               100054000000000000               3.5                    20110701                  14.75                    3.5                       1                   First Lien
          2116               100360000000000000               4.5                    20090601                 11.875                    4.5                       1                   First Lien
          2117               100054000000000000               4.5                    20090701                 11.625                    4.5                       1                   First Lien
          2118               100054000000000000               3.5                    20110601                  13.5                     3.5                       1                   First Lien
          2119               100125000000000000               3.5                    20110501                 12.875                    3.5                       1                   First Lien
          2120               100099000000000000               4.5                    20080501                  13.95                    4.5                       1                   First Lien
          2121               100054000000000000               3.5                    20110601                  14.65                    3.5                       1                   First Lien
          2122               100054000000000000               3.5                    20110601                   14                      3.5                       1                   First Lien
          2123               100136000000000000               4.5                    20090601                  12.75                    4.5                       1                   First Lien
          2124               100320000000000000               4.5                    20090501                 14.375                   7.375                     1.5                  First Lien
          2125               100180000000000000                0                                                 0                       0                        0                   Second Lien
          2126               100136000000000000               3.75                   20130601                  13.75                    3.75                      1                   First Lien
          2127               100180000000000000                0                                                 0                       0                        0                   Second Lien
          2128               100180000000000000                0                                                 0                       0                        0                   Second Lien
          2129               100054000000000000               3.5                    20110401                   14                      3.5                       1                   First Lien
          2130               100180000000000000                0                                                 0                       0                        0                   Second Lien
          2131               100180000000000000                0                                                 0                       0                        0                   Second Lien
          2132               100180000000000000                0                                                 0                       0                        0                   Second Lien
          2133               100054000000000000               3.5                    20110401                  13.5                     3.5                       1                   First Lien
          2134               100183000000000000               3.5                    20090401                  13.5                     3.5                       1                   First Lien
          2135                                                5.99                   20071101                  13.6                     6.6                       1                   First Lien
          2136                                                5.25                   20071201                  13.79                    6.79                      1                   First Lien
          2137               100360000000000000               4.5                    20080501                 13.875                    4.5                       1                   First Lien
          2138               100110000000000000               3.5                    20110501                  13.25                    3.5                       1                   First Lien
          2139                                                3.25                   20071101                  13.5                     3.25                      1                   First Lien
          2140               100214000000000000              7.275                   20090301                 15.275                   8.275                      1                   First Lien
          2141               100453000000000000               3.5                    20110601                  14.75                    3.5                       1                   First Lien
          2142               100073000000000000               7.25                   20080501                  13.75                    7.25                      1                   First Lien
          2143               100073000000000000               6.99                   20080501                  13.49                    6.99                      1                   First Lien
          2144               100073000000000000               7.85                   20080601                  13.85                    7.85                      1                   First Lien
          2145               100073000000000000               5.5                    20090501                   12                      5.5                       1                   First Lien
          2146               100193000000000000               2.25                   20110401                  10.5                     2.25                      2                   First Lien
          2147               100193000000000000              4.125                   20110201                  12.5                    4.125                      1                   First Lien
          2148                                               3.875                   20110301                 12.375                   3.875                      1                   First Lien
          2149               100094000000000000                3                     20070401                   14                       3                        2                   First Lien
          2150               100054000000000000              3.875                   20080601                   14                     3.875                      1                   First Lien
          2151                                                2.5                    20090401                 12.625                   6.625                      1                   First Lien
          2152                                                2.75                   20160401                 12.375                   6.375                      1                   First Lien
          2153                                                2.5                    20090601                 12.625                   6.625                      1                   First Lien
          2154                                                2.5                    20090601                 12.625                   6.625                      1                   First Lien
          2155                                                2.5                    20090601                 12.625                   6.625                      1                   First Lien
          2156               100180000000000000                0                                                 0                       0                        0                   Second Lien
          2157               100180000000000000                0                                                 0                       0                        0                   Second Lien
          2158               100180000000000000                0                                                 0                       0                        0                   Second Lien
          2159                                                3.5                    20061101                  13.75                    3.5                       1                   First Lien
          2160               100180000000000000                0                                                 0                       0                        0                   Second Lien
          2161               100180000000000000                0                                                 0                       0                        0                   Second Lien
          2162               100180000000000000                0                                                 0                       0                        0                   Second Lien
          2163               100363000000000000                0                                                 0                       0                        0                   Second Lien
          2164               100180000000000000                0                                                 0                       0                        0                   Second Lien
          2165               100052000000000000               5.75                   20070901                 13.625                   7.625                      1                   First Lien
          2166               100180000000000000                0                                                 0                       0                        0                   Second Lien
          2167                                                2.45                   20160601                 12.375                   6.375                      1                   First Lien
          2168               100310000000000000               3.5                    20110501                 13.625                    3.5                       1                   First Lien
          2169               100099000000000000               3.25                   20080201                   13                      3.25                      1                   First Lien
          2170               100104000000000000              3.375                   20090201                  13.75                   3.375                      1                   First Lien
          2171               100054000000000000               4.5                    20080401                  13.25                    4.5                       1                   First Lien
          2172                                                2.45                   20130601                  12.65                    6.65                      1                   First Lien
          2173               100099000000000000               3.25                   20071201                  13.5                     3.25                      1                   First Lien

          LOAN       BALLOON                   IO_FLAG                   IO_PERIOD                  PREPAY                                     AMORT_TERM
---------------------------------------------------------------------------------------------------------------------------------------------------------
            1          No                        NO                       NON-IO                      Yes                                          360
            2          No                        YES                      10 YEARS                    Yes                                          360
            3          No                        YES                      5 YEARS                     Yes                                          360
            4          No                        YES                      10 YEARS                    Yes                                          360
            5          No                        YES                      5 YEARS                     Yes                                          360
            6          No                        NO                       NON-IO                      No                                           360
            7          No                        NO                       NON-IO                      No                                           360
            8          No                        NO                       NON-IO                      No                                           360
            9          No                        YES                      5 YEARS                     Yes                                          360
           10          No                        NO                       NON-IO                      Yes                                          360
           11          No                        YES                      5 YEARS                     Yes                                          360
           12          No                        NO                       NON-IO                      Yes                                          360
           13          No                        YES                      5 YEARS                     No                                           360
           14          No                        NO                       NON-IO                      Yes                                          360
           15          No                        YES                      10 YEARS                    Yes                                          360
           16          No                        YES                      5 YEARS                     No                                           360
           17          No                        YES                      10 YEARS                    Yes                                          360
           18          Yes                       NO                       NON-IO                      Yes                                          480
           19          No                        NO                       NON-IO                      Yes                                          360
           20          No                        YES                      5 YEARS                     Yes                                          360
           21          No                        YES                      5 YEARS                     Yes                                          360
           22          No                        YES                      5 YEARS                     Yes                                          360
           23          No                        YES                      5 YEARS                     Yes                                          360
           24          No                        YES                      5 YEARS                     No                                           360
           25          No                        YES                      5 YEARS                     No                                           360
           26          No                        YES                      10 YEARS                    Yes                                          360
           27          No                        NO                       NON-IO                      Yes                                          360
           28          No                        YES                      5 YEARS                     Yes                                          360
           29          No                        YES                      5 YEARS                     Yes                                          360
           30          No                        YES                      10 YEARS                    Yes                                          360
           31          No                        YES                      3 YEARS                     Yes                                          360
           32          No                        YES                      5 YEARS                     Yes                                          360
           33          No                        YES                      10 YEARS                    Yes                                          360
           34          No                        YES                      5 YEARS                     Yes                                          360
           35          No                        NO                       NON-IO                      Yes                                          360
           36          No                        NO                       NON-IO                      Yes                                          360
           37          No                        YES                      10 YEARS                    Yes                                          360
           38          No                        YES                      10 YEARS                    No                                           360
           39          No                        YES                      5 YEARS                     Yes                                          360
           40          No                        NO                       NON-IO                      Yes                                          360
           41          No                        YES                      10 YEARS                    Yes                                          360
           42          No                        YES                      5 YEARS                     Yes                                          360
           43          No                        NO                       NON-IO                      No                                           360
           44          No                        NO                       NON-IO                      Yes                                          360
           45          No                        YES                      5 YEARS                     No                                           360
           46          No                        YES                      5 YEARS                     Yes                                          360
           47          No                        YES                      5 YEARS                     No                                           360
           48          No                        YES                      5 YEARS                     Yes                                          360
           49          No                        YES                      5 YEARS                     No                                           360
           50          No                        YES                      5 YEARS                     Yes                                          360
           51          No                        NO                       NON-IO                      Yes                                          360
           52          No                        NO                       NON-IO                      No                                           360
           53          No                        NO                       NON-IO                      Yes                                          360
           54          No                        YES                      5 YEARS                     Yes                                          360
           55          No                        YES                      10 YEARS                    Yes                                          360
           56          No                        YES                      5 YEARS                     Yes                                          360
           57          No                        YES                      5 YEARS                     No                                           360
           58          No                        NO                       NON-IO                      Yes                                          360
           59          No                        YES                      5 YEARS                     Yes                                          360
           60          No                        YES                      10 YEARS                    Yes                                          360
           61          No                        YES                      5 YEARS                     Yes                                          360
           62          No                        YES                      10 YEARS                    Yes                                          360
           63          No                        NO                       NON-IO                      Yes                                          360
           64          No                        YES                      10 YEARS                    Yes                                          360
           65          No                        YES                      5 YEARS                     No                                           360
           66          No                        YES                      5 YEARS                     Yes                                          360
           67          No                        YES                      5 YEARS                     Yes                                          360
           68          No                        NO                       NON-IO                      No                                           360
           69          No                        NO                       NON-IO                      No                                           360
           70          No                        YES                      5 YEARS                     No                                           360
           71          No                        YES                      10 YEARS                    No                                           360
           72          No                        YES                      10 YEARS                    Yes                                          360
           73          No                        YES                      5 YEARS                     No                                           360
           74          No                        YES                      5 YEARS                     No                                           360
           75          No                        YES                      5 YEARS                     Yes                                          360
           76          No                        NO                       NON-IO                      No                                           360
           77          No                        YES                      5 YEARS                     Yes                                          360
           78          No                        YES                      5 YEARS                     No                                           360
           79          No                        YES                      5 YEARS                     No                                           360
           80          No                        YES                      5 YEARS                     No                                           360
           81          No                        YES                      5 YEARS                     Yes                                          360
           82          No                        YES                      5 YEARS                     Yes                                          360
           83          No                        NO                       NON-IO                      Yes                                          360
           84          No                        YES                      5 YEARS                     Yes                                          360
           85          No                        YES                      5 YEARS                     Yes                                          360
           86          No                        YES                      5 YEARS                     Yes                                          360
           87          No                        NO                       NON-IO                      No                                           360
           88          No                        YES                      10 YEARS                    No                                           360
           89          No                        NO                       NON-IO                      Yes                                          360
           90          No                        YES                      5 YEARS                     Yes                                          360
           91          No                        YES                      10 YEARS                    No                                           360
           92          No                        YES                      10 YEARS                    No                                           360
           93          No                        YES                      10 YEARS                    Yes                                          360
           94          No                        YES                      10 YEARS                    No                                           360
           95          No                        YES                      5 YEARS                     Yes                                          360
           96          No                        NO                       NON-IO                      Yes                                          360
           97          No                        NO                       NON-IO                      Yes                                          360
           98          No                        YES                      5 YEARS                     Yes                                          360
           99          No                        YES                      10 YEARS                    No                                           360
          100          No                        YES                      10 YEARS                    Yes                                          360
          101          No                        YES                      5 YEARS                     Yes                                          360
          102          No                        NO                       NON-IO                      No                                           360
          103          No                        YES                      5 YEARS                     Yes                                          360
          104          No                        YES                      10 YEARS                    No                                           360
          105          No                        YES                      10 YEARS                    No                                           360
          106          No                        YES                      5 YEARS                     Yes                                          360
          107          No                        NO                       NON-IO                      No                                           360
          108          No                        YES                      10 YEARS                    Yes                                          360
          109          No                        YES                      5 YEARS                     No                                           360
          110          No                        YES                      5 YEARS                     No                                           360
          111          No                        YES                      10 YEARS                    No                                           360
          112          No                        YES                      5 YEARS                     Yes                                          360
          113          No                        YES                      10 YEARS                    Yes                                          360
          114          No                        YES                      5 YEARS                     Yes                                          360
          115          No                        YES                      5 YEARS                     Yes                                          360
          116          No                        YES                      5 YEARS                     No                                           360
          117          No                        YES                      10 YEARS                    No                                           360
          118          No                        YES                      5 YEARS                     No                                           360
          119          No                        YES                      10 YEARS                    Yes                                          360
          120          No                        YES                      10 YEARS                    Yes                                          360
          121          No                        YES                      5 YEARS                     Yes                                          360
          122          No                        YES                      10 YEARS                    Yes                                          360
          123          No                        YES                      5 YEARS                     Yes                                          360
          124          No                        YES                      5 YEARS                     Yes                                          360
          125          No                        YES                      5 YEARS                     No                                           360
          126          No                        YES                      5 YEARS                     Yes                                          360
          127          No                        YES                      5 YEARS                     Yes                                          360
          128          No                        YES                      10 YEARS                    Yes                                          360
          129          No                        NO                       NON-IO                      No                                           360
          130          No                        YES                      5 YEARS                     No                                           360
          131          No                        YES                      5 YEARS                     No                                           360
          132          No                        YES                      5 YEARS                     Yes                                          360
          133          No                        YES                      5 YEARS                     Yes                                          360
          134          No                        YES                      10 YEARS                    Yes                                          360
          135          No                        YES                      5 YEARS                     Yes                                          360
          136          No                        NO                       NON-IO                      Yes                                          360
          137          No                        YES                      5 YEARS                     Yes                                          360
          138          No                        YES                      5 YEARS                     Yes                                          360
          139          No                        YES                      5 YEARS                     Yes                                          360
          140          No                        YES                      5 YEARS                     Yes                                          360
          141          No                        NO                       NON-IO                      Yes                                          360
          142          No                        YES                      5 YEARS                     Yes                                          360
          143          No                        NO                       NON-IO                      Yes                                          360
          144          No                        YES                      10 YEARS                    No                                           360
          145          No                        YES                      5 YEARS                     No                                           360
          146          No                        YES                      5 YEARS                     Yes                                          360
          147          No                        YES                      5 YEARS                     Yes                                          360
          148          No                        YES                      5 YEARS                     Yes                                          360
          149          No                        YES                      5 YEARS                     No                                           360
          150          No                        YES                      5 YEARS                     No                                           360
          151          No                        YES                      10 YEARS                    No                                           360
          152          No                        YES                      5 YEARS                     Yes                                          360
          153          No                        YES                      10 YEARS                    Yes                                          360
          154          No                        YES                      10 YEARS                    No                                           360
          155          No                        YES                      10 YEARS                    No                                           360
          156          No                        YES                      10 YEARS                    Yes                                          360
          157          No                        NO                       NON-IO                      Yes                                          360
          158          No                        YES                      10 YEARS                    No                                           360
          159          No                        YES                      5 YEARS                     Yes                                          360
          160          No                        YES                      5 YEARS                     Yes                                          360
          161          No                        YES                      5 YEARS                     No                                           360
          162          No                        YES                      10 YEARS                    Yes                                          360
          163          No                        NO                       NON-IO                      Yes                                          360
          164          No                        YES                      10 YEARS                    No                                           360
          165          No                        YES                      5 YEARS                     No                                           360
          166          No                        YES                      5 YEARS                     No                                           360
          167          No                        YES                      5 YEARS                     Yes                                          360
          168          No                        YES                      5 YEARS                     Yes                                          360
          169          No                        YES                      10 YEARS                    No                                           360
          170          No                        YES                      10 YEARS                    Yes                                          360
          171          No                        YES                      5 YEARS                     Yes                                          360
          172          No                        YES                      10 YEARS                    Yes                                          360
          173          No                        YES                      10 YEARS                    Yes                                          360
          174          No                        YES                      5 YEARS                     No                                           360
          175          No                        YES                      10 YEARS                    Yes                                          360
          176          No                        YES                      10 YEARS                    Yes                                          360
          177          No                        YES                      5 YEARS                     No                                           360
          178          No                        YES                      5 YEARS                     Yes                                          360
          179          No                        YES                      10 YEARS                    Yes                                          360
          180          No                        YES                      10 YEARS                    Yes                                          360
          181          No                        YES                      5 YEARS                     Yes                                          360
          182          No                        NO                       NON-IO                      No                                           360
          183          No                        NO                       NON-IO                      No                                           360
          184          No                        YES                      10 YEARS                    No                                           360
          185          No                        YES                      5 YEARS                     No                                           360
          186          No                        YES                      5 YEARS                     No                                           360
          187          No                        NO                       NON-IO                      Yes                                          360
          188          No                        YES                      10 YEARS                    Yes                                          360
          189          No                        NO                       NON-IO                      No                                           360
          190          No                        YES                      5 YEARS                     No                                           360
          191          No                        NO                       NON-IO                      Yes                                          360
          192          No                        YES                      10 YEARS                    No                                           360
          193          No                        YES                      5 YEARS                     Yes                                          360
          194          No                        YES                      5 YEARS                     Yes                                          360
          195          No                        YES                      10 YEARS                    Yes                                          360
          196          No                        YES                      5 YEARS                     No                                           360
          197          No                        YES                      10 YEARS                    Yes                                          360
          198          No                        YES                      5 YEARS                     No                                           360
          199          No                        YES                      10 YEARS                    No                                           360
          200          No                        YES                      10 YEARS                    No                                           360
          201          No                        YES                      10 YEARS                    Yes                                          360
          202          No                        YES                      10 YEARS                    No                                           360
          203          No                        YES                      5 YEARS                     Yes                                          360
          204          No                        YES                      10 YEARS                    No                                           360
          205          No                        YES                      5 YEARS                     No                                           360
          206          No                        YES                      5 YEARS                     Yes                                          360
          207          No                        YES                      10 YEARS                    No                                           360
          208          No                        YES                      5 YEARS                     Yes                                          360
          209          No                        YES                      5 YEARS                     Yes                                          360
          210          Yes                       NO                       NON-IO                      Yes                                          480
          211          No                        YES                      5 YEARS                     Yes                                          360
          212          No                        YES                      5 YEARS                     Yes                                          360
          213          No                        YES                      10 YEARS                    Yes                                          360
          214          No                        YES                      10 YEARS                    Yes                                          360
          215          No                        YES                      10 YEARS                    Yes                                          360
          216          No                        YES                      10 YEARS                    Yes                                          360
          217          No                        YES                      10 YEARS                    Yes                                          360
          218          No                        YES                      5 YEARS                     Yes                                          360
          219          No                        YES                      10 YEARS                    Yes                                          360
          220          No                        NO                       NON-IO                      Yes                                          360
          221          No                        YES                      5 YEARS                     No                                           360
          222          No                        YES                      10 YEARS                    Yes                                          360
          223          No                        NO                       NON-IO                      No                                           360
          224          No                        YES                      5 YEARS                     Yes                                          360
          225          No                        YES                      10 YEARS                    Yes                                          360
          226          No                        YES                      5 YEARS                     Yes                                          360
          227          No                        YES                      10 YEARS                    Yes                                          360
          228          No                        YES                      5 YEARS                     Yes                                          360
          229          No                        YES                      5 YEARS                     No                                           360
          230          No                        YES                      5 YEARS                     Yes                                          360
          231          No                        YES                      5 YEARS                     No                                           360
          232          No                        NO                       NON-IO                      Yes                                          360
          233          No                        NO                       NON-IO                      Yes                                          360
          234          No                        YES                      5 YEARS                     No                                           360
          235          Yes                       NO                       NON-IO                      Yes                                          480
          236          No                        YES                      10 YEARS                    No                                           360
          237          No                        YES                      10 YEARS                    Yes                                          360
          238          No                        YES                      10 YEARS                    Yes                                          360
          239          No                        YES                      5 YEARS                     No                                           360
          240          No                        YES                      5 YEARS                     Yes                                          360
          241          No                        YES                      10 YEARS                    Yes                                          360
          242          No                        YES                      10 YEARS                    Yes                                          360
          243          No                        YES                      5 YEARS                     No                                           360
          244          No                        YES                      5 YEARS                     Yes                                          360
          245          No                        YES                      5 YEARS                     Yes                                          360
          246          No                        YES                      5 YEARS                     Yes                                          360
          247          Yes                       NO                       NON-IO                      No                                           360
          248          No                        YES                      5 YEARS                     Yes                                          360
          249          No                        YES                      10 YEARS                    Yes                                          360
          250          No                        YES                      5 YEARS                     Yes                                          360
          251          No                        YES                      10 YEARS                    Yes                                          360
          252          No                        YES                      10 YEARS                    No                                           360
          253          No                        YES                      5 YEARS                     Yes                                          360
          254          No                        YES                      5 YEARS                     Yes                                          360
          255          No                        YES                      10 YEARS                    Yes                                          360
          256          No                        YES                      5 YEARS                     No                                           360
          257          No                        YES                      5 YEARS                     Yes                                          360
          258          No                        YES                      10 YEARS                    No                                           360
          259          No                        YES                      5 YEARS                     Yes                                          360
          260          No                        YES                      5 YEARS                     Yes                                          360
          261          No                        YES                      5 YEARS                     No                                           360
          262          No                        NO                       NON-IO                      Yes                                          360
          263          No                        YES                      5 YEARS                     Yes                                          360
          264          No                        NO                       NON-IO                      Yes                                          360
          265          No                        YES                      10 YEARS                    Yes                                          360
          266          No                        YES                      10 YEARS                    Yes                                          360
          267          No                        NO                       NON-IO                      Yes                                          360
          268          No                        YES                      5 YEARS                     Yes                                          360
          269          No                        NO                       NON-IO                      Yes                                          360
          270          No                        YES                      10 YEARS                    Yes                                          360
          271          No                        YES                      5 YEARS                     Yes                                          360
          272          No                        YES                      10 YEARS                    Yes                                          360
          273          No                        YES                      5 YEARS                     Yes                                          360
          274          No                        YES                      10 YEARS                    No                                           360
          275          No                        YES                      10 YEARS                    No                                           360
          276          No                        NO                       NON-IO                      Yes                                          360
          277          No                        YES                      3 YEARS                     Yes                                          360
          278          No                        YES                      5 YEARS                     Yes                                          360
          279          No                        YES                      5 YEARS                     No                                           360
          280          Yes                       NO                       NON-IO                      Yes                                          480
          281          No                        NO                       NON-IO                      Yes                                          360
          282          No                        YES                      10 YEARS                    Yes                                          360
          283          No                        YES                      5 YEARS                     No                                           360
          284          No                        YES                      5 YEARS                     No                                           360
          285          No                        YES                      10 YEARS                    Yes                                          360
          286          No                        YES                      10 YEARS                    Yes                                          360
          287          No                        NO                       NON-IO                      Yes                                          360
          288          No                        YES                      10 YEARS                    No                                           360
          289          No                        NO                       NON-IO                      Yes                                          360
          290          No                        YES                      10 YEARS                    Yes                                          360
          291          No                        YES                      10 YEARS                    Yes                                          360
          292          No                        YES                      5 YEARS                     Yes                                          360
          293          No                        YES                      10 YEARS                    Yes                                          360
          294          No                        NO                       NON-IO                      Yes                                          360
          295          No                        YES                      5 YEARS                     No                                           360
          296          No                        YES                      5 YEARS                     Yes                                          360
          297          No                        YES                      10 YEARS                    Yes                                          360
          298          No                        YES                      5 YEARS                     Yes                                          360
          299          No                        YES                      5 YEARS                     Yes                                          360
          300          No                        NO                       NON-IO                      Yes                                          360
          301          No                        YES                      10 YEARS                    Yes                                          360
          302          No                        NO                       NON-IO                      Yes                                          360
          303          No                        YES                      5 YEARS                     Yes                                          360
          304          No                        NO                       NON-IO                      No                                           360
          305          No                        NO                       NON-IO                      Yes                                          360
          306          No                        YES                      5 YEARS                     Yes                                          360
          307          No                        YES                      10 YEARS                    Yes                                          360
          308          No                        YES                      5 YEARS                     No                                           360
          309          No                        NO                       NON-IO                      No                                           360
          310          No                        YES                      5 YEARS                     Yes                                          360
          311          No                        YES                      5 YEARS                     No                                           360
          312          No                        YES                      10 YEARS                    No                                           360
          313          No                        YES                      5 YEARS                     No                                           360
          314          No                        NO                       NON-IO                      Yes                                          360
          315          No                        YES                      5 YEARS                     Yes                                          360
          316          No                        YES                      5 YEARS                     No                                           360
          317          No                        NO                       NON-IO                      Yes                                          360
          318          No                        YES                      5 YEARS                     No                                           360
          319          No                        YES                      5 YEARS                     Yes                                          360
          320          No                        YES                      5 YEARS                     No                                           360
          321          No                        YES                      10 YEARS                    Yes                                          360
          322          No                        YES                      5 YEARS                     Yes                                          360
          323          No                        YES                      5 YEARS                     No                                           360
          324          No                        YES                      5 YEARS                     No                                           360
          325          No                        YES                      5 YEARS                     Yes                                          360
          326          No                        YES                      5 YEARS                     Yes                                          360
          327          No                        YES                      10 YEARS                    Yes                                          360
          328          No                        YES                      10 YEARS                    Yes                                          360
          329          No                        NO                       NON-IO                      Yes                                          360
          330          No                        YES                      5 YEARS                     Yes                                          360
          331          No                        YES                      10 YEARS                    Yes                                          360
          332          No                        YES                      10 YEARS                    No                                           360
          333          No                        YES                      10 YEARS                    Yes                                          360
          334          No                        YES                      10 YEARS                    Yes                                          360
          335          No                        NO                       NON-IO                      Yes                                          360
          336          No                        NO                       NON-IO                      Yes                                          360
          337          No                        YES                      5 YEARS                     Yes                                          360
          338          No                        NO                       NON-IO                      Yes                                          360
          339          No                        NO                       NON-IO                      Yes                                          360
          340          No                        YES                      5 YEARS                     Yes                                          360
          341          No                        YES                      10 YEARS                    Yes                                          360
          342          No                        NO                       NON-IO                      Yes                                          360
          343          No                        YES                      10 YEARS                    Yes                                          360
          344          No                        YES                      5 YEARS                     Yes                                          360
          345          No                        NO                       NON-IO                      Yes                                          360
          346          No                        YES                      5 YEARS                     No                                           360
          347          No                        YES                      5 YEARS                     Yes                                          360
          348          No                        NO                       NON-IO                      Yes                                          360
          349          No                        YES                      10 YEARS                    No                                           360
          350          No                        YES                      5 YEARS                     Yes                                          360
          351          No                        YES                      5 YEARS                     Yes                                          360
          352          No                        YES                      5 YEARS                     No                                           360
          353          No                        NO                       NON-IO                      Yes                                          360
          354          No                        YES                      10 YEARS                    Yes                                          360
          355          No                        NO                       NON-IO                      Yes                                          360
          356          No                        NO                       NON-IO                      Yes                                          360
          357          No                        NO                       NON-IO                      Yes                                          360
          358          No                        YES                      5 YEARS                     Yes                                          360
          359          No                        YES                      10 YEARS                    No                                           360
          360          No                        NO                       NON-IO                      Yes                                          360
          361          No                        YES                      5 YEARS                     Yes                                          360
          362          No                        YES                      10 YEARS                    No                                           360
          363          No                        NO                       NON-IO                      Yes                                          360
          364          No                        NO                       NON-IO                      No                                           360
          365          No                        NO                       NON-IO                      Yes                                          360
          366          No                        YES                      5 YEARS                     Yes                                          360
          367          No                        YES                      10 YEARS                    No                                           360
          368          No                        NO                       NON-IO                      Yes                                          360
          369          No                        YES                      5 YEARS                     Yes                                          360
          370          No                        YES                      10 YEARS                    Yes                                          360
          371          No                        NO                       NON-IO                      Yes                                          360
          372          No                        YES                      10 YEARS                    No                                           360
          373          No                        YES                      5 YEARS                     No                                           360
          374          No                        NO                       NON-IO                      No                                           360
          375          No                        YES                      5 YEARS                     Yes                                          360
          376          No                        YES                      5 YEARS                     Yes                                          360
          377          No                        NO                       NON-IO                      No                                           360
          378          No                        NO                       NON-IO                      Yes                                          360
          379          No                        YES                      10 YEARS                    No                                           360
          380          No                        YES                      5 YEARS                     Yes                                          360
          381          No                        NO                       NON-IO                      Yes                                          360
          382          No                        NO                       NON-IO                      Yes                                          360
          383          No                        NO                       NON-IO                      Yes                                          360
          384          No                        YES                      10 YEARS                    Yes                                          360
          385          No                        YES                      10 YEARS                    Yes                                          360
          386          No                        YES                      10 YEARS                    No                                           360
          387          No                        YES                      5 YEARS                     Yes                                          360
          388          No                        YES                      5 YEARS                     Yes                                          360
          389          No                        YES                      5 YEARS                     Yes                                          360
          390          No                        YES                      5 YEARS                     Yes                                          360
          391          No                        YES                      10 YEARS                    No                                           360
          392          No                        YES                      5 YEARS                     Yes                                          360
          393          No                        YES                      10 YEARS                    Yes                                          360
          394          No                        YES                      5 YEARS                     Yes                                          360
          395          No                        NO                       NON-IO                      Yes                                          360
          396          No                        NO                       NON-IO                      Yes                                          360
          397          No                        NO                       NON-IO                      Yes                                          360
          398          No                        YES                      5 YEARS                     No                                           360
          399          No                        YES                      5 YEARS                     No                                           360
          400          No                        YES                      5 YEARS                     Yes                                          360
          401          No                        NO                       NON-IO                      Yes                                          360
          402          No                        YES                      5 YEARS                     Yes                                          360
          403          No                        YES                      5 YEARS                     Yes                                          360
          404          No                        YES                      10 YEARS                    No                                           360
          405          No                        YES                      5 YEARS                     Yes                                          360
          406          No                        YES                      10 YEARS                    Yes                                          360
          407          No                        YES                      5 YEARS                     Yes                                          360
          408          No                        YES                      10 YEARS                    No                                           360
          409          No                        NO                       NON-IO                      Yes                                          360
          410          No                        YES                      5 YEARS                     Yes                                          360
          411          No                        YES                      10 YEARS                    Yes                                          360
          412          No                        NO                       NON-IO                      Yes                                          360
          413          Yes                       NO                       NON-IO                      No                                           360
          414          No                        YES                      10 YEARS                    Yes                                          360
          415          No                        YES                      10 YEARS                    Yes                                          360
          416          No                        NO                       NON-IO                      Yes                                          360
          417          No                        YES                      5 YEARS                     Yes                                          360
          418          No                        YES                      5 YEARS                     No                                           360
          419          No                        YES                      5 YEARS                     Yes                                          360
          420          No                        YES                      10 YEARS                    Yes                                          360
          421          No                        YES                      5 YEARS                     Yes                                          360
          422          No                        YES                      10 YEARS                    Yes                                          360
          423          No                        YES                      5 YEARS                     No                                           360
          424          Yes                       NO                       NON-IO                      No                                           360
          425          No                        NO                       NON-IO                      Yes                                          360
          426          No                        YES                      5 YEARS                     No                                           360
          427          No                        YES                      5 YEARS                     Yes                                          360
          428          No                        YES                      10 YEARS                    No                                           360
          429          No                        YES                      5 YEARS                     No                                           360
          430          No                        YES                      5 YEARS                     Yes                                          360
          431          No                        YES                      10 YEARS                    Yes                                          360
          432          No                        YES                      5 YEARS                     Yes                                          360
          433          No                        YES                      5 YEARS                     Yes                                          360
          434          No                        YES                      5 YEARS                     No                                           360
          435          No                        YES                      10 YEARS                    Yes                                          360
          436          No                        YES                      5 YEARS                     Yes                                          360
          437          No                        YES                      10 YEARS                    Yes                                          360
          438          Yes                       NO                       NON-IO                      Yes                                          480
          439          No                        YES                      5 YEARS                     No                                           360
          440          No                        YES                      5 YEARS                     No                                           360
          441          No                        YES                      5 YEARS                     Yes                                          360
          442          No                        YES                      5 YEARS                     Yes                                          360
          443          No                        YES                      5 YEARS                     Yes                                          360
          444          No                        YES                      10 YEARS                    Yes                                          360
          445          No                        YES                      5 YEARS                     Yes                                          360
          446          No                        YES                      10 YEARS                    No                                           360
          447          No                        YES                      5 YEARS                     Yes                                          360
          448          No                        YES                      5 YEARS                     No                                           360
          449          No                        YES                      10 YEARS                    No                                           360
          450          No                        YES                      10 YEARS                    Yes                                          360
          451          No                        YES                      10 YEARS                    No                                           360
          452          No                        YES                      5 YEARS                     Yes                                          360
          453          Yes                       NO                       NON-IO                      Yes                                          480
          454          No                        NO                       NON-IO                      No                                           360
          455          No                        YES                      5 YEARS                     Yes                                          360
          456          No                        YES                      5 YEARS                     Yes                                          360
          457          No                        YES                      10 YEARS                    Yes                                          360
          458          No                        YES                      10 YEARS                    Yes                                          360
          459          No                        YES                      5 YEARS                     No                                           360
          460          No                        YES                      5 YEARS                     Yes                                          360
          461          No                        YES                      10 YEARS                    Yes                                          360
          462          No                        YES                      5 YEARS                     Yes                                          360
          463          No                        YES                      10 YEARS                    Yes                                          360
          464          Yes                       NO                       NON-IO                      Yes                                          480
          465          No                        YES                      10 YEARS                    Yes                                          360
          466          No                        YES                      5 YEARS                     Yes                                          360
          467          No                        YES                      5 YEARS                     No                                           360
          468          No                        YES                      10 YEARS                    Yes                                          360
          469          No                        YES                      10 YEARS                    Yes                                          360
          470          No                        YES                      5 YEARS                     Yes                                          360
          471          No                        YES                      5 YEARS                     Yes                                          360
          472          No                        YES                      10 YEARS                    Yes                                          360
          473          No                        YES                      5 YEARS                     No                                           360
          474          No                        YES                      10 YEARS                    Yes                                          360
          475          No                        YES                      5 YEARS                     Yes                                          360
          476          No                        YES                      5 YEARS                     Yes                                          360
          477          No                        NO                       NON-IO                      No                                           360
          478          No                        YES                      10 YEARS                    Yes                                          360
          479          No                        YES                      5 YEARS                     No                                           360
          480          No                        YES                      10 YEARS                    No                                           360
          481          No                        NO                       NON-IO                      Yes                                          360
          482          No                        YES                      5 YEARS                     Yes                                          360
          483          No                        YES                      10 YEARS                    No                                           360
          484          No                        YES                      10 YEARS                    Yes                                          360
          485          No                        NO                       NON-IO                      Yes                                          360
          486          No                        YES                      5 YEARS                     No                                           360
          487          No                        YES                      5 YEARS                     Yes                                          360
          488          No                        YES                      5 YEARS                     Yes                                          360
          489          No                        NO                       NON-IO                      Yes                                          360
          490          No                        NO                       NON-IO                      Yes                                          360
          491          No                        YES                      10 YEARS                    Yes                                          360
          492          No                        YES                      5 YEARS                     Yes                                          360
          493          No                        YES                      10 YEARS                    No                                           360
          494          No                        NO                       NON-IO                      Yes                                          360
          495          No                        YES                      10 YEARS                    Yes                                          360
          496          No                        YES                      10 YEARS                    Yes                                          360
          497          No                        YES                      5 YEARS                     Yes                                          360
          498          No                        YES                      10 YEARS                    Yes                                          360
          499          No                        YES                      10 YEARS                    Yes                                          360
          500          No                        YES                      10 YEARS                    Yes                                          360
          501          No                        NO                       NON-IO                      Yes                                          360
          502          No                        YES                      5 YEARS                     Yes                                          360
          503          No                        YES                      10 YEARS                    Yes                                          360
          504          No                        NO                       NON-IO                      No                                           360
          505          No                        YES                      5 YEARS                     Yes                                          360
          506          No                        YES                      10 YEARS                    Yes                                          360
          507          Yes                       NO                       NON-IO                      No                                           360
          508          No                        YES                      5 YEARS                     No                                           360
          509          No                        YES                      10 YEARS                    Yes                                          360
          510          No                        YES                      10 YEARS                    Yes                                          360
          511          No                        NO                       NON-IO                      Yes                                          360
          512          No                        YES                      10 YEARS                    Yes                                          360
          513          No                        YES                      10 YEARS                    No                                           360
          514          No                        YES                      5 YEARS                     Yes                                          360
          515          No                        YES                      10 YEARS                    Yes                                          360
          516          No                        YES                      5 YEARS                     Yes                                          360
          517          No                        YES                      5 YEARS                     Yes                                          360
          518          No                        YES                      5 YEARS                     Yes                                          360
          519          No                        YES                      5 YEARS                     Yes                                          360
          520          No                        YES                      5 YEARS                     Yes                                          360
          521          No                        YES                      5 YEARS                     No                                           360
          522          No                        NO                       NON-IO                      Yes                                          360
          523          No                        NO                       NON-IO                      Yes                                          360
          524          No                        YES                      5 YEARS                     No                                           360
          525          No                        NO                       NON-IO                      Yes                                          360
          526          No                        NO                       NON-IO                      Yes                                          360
          527          No                        NO                       NON-IO                      No                                           360
          528          No                        YES                      5 YEARS                     Yes                                          360
          529          No                        NO                       NON-IO                      Yes                                          360
          530          Yes                       NO                       NON-IO                      Yes                                          480
          531          No                        YES                      5 YEARS                     Yes                                          360
          532          No                        YES                      10 YEARS                    No                                           360
          533          No                        YES                      5 YEARS                     Yes                                          360
          534          No                        NO                       NON-IO                      Yes                                          360
          535          No                        YES                      10 YEARS                    Yes                                          360
          536          No                        YES                      10 YEARS                    Yes                                          360
          537          No                        YES                      10 YEARS                    Yes                                          360
          538          No                        NO                       NON-IO                      Yes                                          360
          539          No                        YES                      5 YEARS                     Yes                                          360
          540          No                        YES                      10 YEARS                    Yes                                          360
          541          No                        YES                      10 YEARS                    Yes                                          360
          542          No                        YES                      10 YEARS                    No                                           360
          543          No                        YES                      5 YEARS                     Yes                                          360
          544          No                        YES                      5 YEARS                     Yes                                          360
          545          No                        YES                      10 YEARS                    Yes                                          360
          546          No                        YES                      10 YEARS                    Yes                                          360
          547          No                        NO                       NON-IO                      Yes                                          360
          548          No                        YES                      5 YEARS                     Yes                                          360
          549          No                        YES                      5 YEARS                     Yes                                          360
          550          No                        YES                      5 YEARS                     Yes                                          360
          551          No                        NO                       NON-IO                      Yes                                          360
          552          No                        YES                      5 YEARS                     Yes                                          360
          553          No                        YES                      5 YEARS                     Yes                                          360
          554          No                        YES                      5 YEARS                     Yes                                          360
          555          No                        YES                      5 YEARS                     Yes                                          360
          556          No                        YES                      10 YEARS                    Yes                                          360
          557          No                        YES                      10 YEARS                    No                                           360
          558          No                        NO                       NON-IO                      Yes                                          360
          559          No                        YES                      10 YEARS                    Yes                                          360
          560          No                        NO                       NON-IO                      Yes                                          360
          561          No                        YES                      10 YEARS                    Yes                                          360
          562          No                        NO                       NON-IO                      Yes                                          360
          563          No                        YES                      5 YEARS                     No                                           360
          564          No                        YES                      10 YEARS                    Yes                                          360
          565          No                        YES                      5 YEARS                     Yes                                          360
          566          No                        NO                       NON-IO                      Yes                                          360
          567          No                        YES                      5 YEARS                     Yes                                          360
          568          No                        NO                       NON-IO                      Yes                                          360
          569          No                        YES                      10 YEARS                    Yes                                          360
          570          No                        YES                      5 YEARS                     Yes                                          360
          571          No                        NO                       NON-IO                      Yes                                          360
          572          No                        YES                      10 YEARS                    No                                           360
          573          Yes                       NO                       NON-IO                      No                                           360
          574          No                        NO                       NON-IO                      Yes                                          360
          575          No                        NO                       NON-IO                      No                                           360
          576          No                        YES                      5 YEARS                     Yes                                          360
          577          No                        NO                       NON-IO                      Yes                                          360
          578          No                        NO                       NON-IO                      Yes                                          360
          579          No                        NO                       NON-IO                      Yes                                          360
          580          No                        YES                      5 YEARS                     Yes                                          360
          581          No                        YES                      10 YEARS                    Yes                                          360
          582          No                        YES                      5 YEARS                     Yes                                          360
          583          No                        NO                       NON-IO                      Yes                                          360
          584          No                        YES                      5 YEARS                     Yes                                          360
          585          No                        YES                      5 YEARS                     Yes                                          360
          586          No                        YES                      10 YEARS                    Yes                                          360
          587          No                        NO                       NON-IO                      Yes                                          360
          588          No                        YES                      10 YEARS                    Yes                                          360
          589          No                        YES                      10 YEARS                    Yes                                          360
          590          No                        YES                      10 YEARS                    Yes                                          360
          591          No                        YES                      5 YEARS                     Yes                                          360
          592          No                        YES                      5 YEARS                     Yes                                          360
          593          No                        YES                      5 YEARS                     No                                           360
          594          No                        YES                      10 YEARS                    No                                           360
          595          No                        YES                      5 YEARS                     Yes                                          360
          596          No                        YES                      5 YEARS                     No                                           360
          597          No                        YES                      10 YEARS                    Yes                                          360
          598          No                        YES                      5 YEARS                     Yes                                          360
          599          No                        YES                      10 YEARS                    No                                           360
          600          No                        YES                      5 YEARS                     Yes                                          360
          601          No                        YES                      5 YEARS                     Yes                                          360
          602          No                        NO                       NON-IO                      Yes                                          360
          603          No                        YES                      10 YEARS                    No                                           360
          604          No                        NO                       NON-IO                      Yes                                          360
          605          No                        YES                      5 YEARS                     Yes                                          360
          606          No                        YES                      5 YEARS                     Yes                                          360
          607          No                        YES                      5 YEARS                     Yes                                          360
          608          No                        NO                       NON-IO                      No                                           360
          609          No                        YES                      10 YEARS                    Yes                                          360
          610          No                        NO                       NON-IO                      Yes                                          360
          611          No                        YES                      5 YEARS                     No                                           360
          612          Yes                       YES                      5 YEARS                     Yes                                          360
          613          No                        YES                      10 YEARS                    Yes                                          360
          614          Yes                       YES                      5 YEARS                     Yes                                          360
          615          No                        YES                      10 YEARS                    Yes                                          360
          616          No                        YES                      5 YEARS                     Yes                                          360
          617          No                        NO                       NON-IO                      Yes                                          360
          618          No                        NO                       NON-IO                      Yes                                          360
          619          No                        YES                      5 YEARS                     No                                           360
          620          No                        NO                       NON-IO                      Yes                                          360
          621          No                        YES                      5 YEARS                     No                                           360
          622          No                        YES                      5 YEARS                     No                                           360
          623          No                        YES                      5 YEARS                     Yes                                          360
          624          No                        YES                      5 YEARS                     Yes                                          360
          625          No                        NO                       NON-IO                      Yes                                          360
          626          No                        NO                       NON-IO                      Yes                                          360
          627          No                        NO                       NON-IO                      Yes                                          360
          628          No                        YES                      5 YEARS                     Yes                                          360
          629          No                        NO                       NON-IO                      Yes                                          360
          630          Yes                       NO                       NON-IO                      Yes                                          360
          631          No                        YES                      5 YEARS                     Yes                                          360
          632          No                        YES                      5 YEARS                     Yes                                          360
          633          No                        NO                       NON-IO                      Yes                                          360
          634          No                        YES                      5 YEARS                     No                                           360
          635          No                        YES                      5 YEARS                     Yes                                          360
          636          No                        NO                       NON-IO                      Yes                                          360
          637          No                        NO                       NON-IO                      Yes                                          360
          638          No                        NO                       NON-IO                      Yes                                          360
          639          No                        NO                       NON-IO                      Yes                                          360
          640          No                        YES                      10 YEARS                    Yes                                          360
          641          No                        YES                      10 YEARS                    No                                           360
          642          No                        YES                      10 YEARS                    Yes                                          360
          643          No                        YES                      5 YEARS                     Yes                                          360
          644          No                        NO                       NON-IO                      Yes                                          360
          645          No                        YES                      5 YEARS                     Yes                                          360
          646          No                        NO                       NON-IO                      Yes                                          360
          647          No                        YES                      5 YEARS                     No                                           360
          648          No                        YES                      10 YEARS                    No                                           360
          649          No                        YES                      5 YEARS                     Yes                                          360
          650          No                        YES                      5 YEARS                     Yes                                          180
          651          No                        YES                      10 YEARS                    No                                           360
          652          No                        YES                      10 YEARS                    Yes                                          360
          653          No                        NO                       NON-IO                      Yes                                          360
          654          No                        NO                       NON-IO                      Yes                                          360
          655          No                        YES                      10 YEARS                    No                                           360
          656          No                        NO                       NON-IO                      No                                           360
          657          No                        YES                      10 YEARS                    No                                           360
          658          No                        YES                      10 YEARS                    Yes                                          360
          659          No                        NO                       NON-IO                      Yes                                          360
          660          No                        YES                      5 YEARS                     No                                           360
          661          No                        YES                      10 YEARS                    Yes                                          360
          662          No                        YES                      5 YEARS                     Yes                                          360
          663          No                        NO                       NON-IO                      Yes                                          360
          664          No                        NO                       NON-IO                      Yes                                          360
          665          No                        YES                      10 YEARS                    Yes                                          360
          666          No                        YES                      10 YEARS                    Yes                                          360
          667          Yes                       NO                       NON-IO                      No                                           360
          668          No                        NO                       NON-IO                      Yes                                          360
          669          No                        YES                      5 YEARS                     Yes                                          360
          670          No                        YES                      10 YEARS                    Yes                                          360
          671          No                        YES                      5 YEARS                     Yes                                          360
          672          No                        YES                      5 YEARS                     No                                           360
          673          No                        YES                      5 YEARS                     Yes                                          360
          674          No                        YES                      10 YEARS                    Yes                                          360
          675          No                        NO                       NON-IO                      Yes                                          360
          676          No                        NO                       NON-IO                      Yes                                          360
          677          No                        NO                       NON-IO                      Yes                                          360
          678          No                        NO                       NON-IO                      Yes                                          360
          679          No                        YES                      10 YEARS                    Yes                                          360
          680          No                        YES                      5 YEARS                     Yes                                          360
          681          No                        YES                      5 YEARS                     Yes                                          360
          682          No                        NO                       NON-IO                      Yes                                          360
          683          No                        YES                      10 YEARS                    No                                           360
          684          No                        YES                      5 YEARS                     No                                           360
          685          Yes                       NO                       NON-IO                      No                                           360
          686          No                        NO                       NON-IO                      Yes                                          360
          687          No                        YES                      10 YEARS                    No                                           360
          688          No                        YES                      5 YEARS                     Yes                                          360
          689          Yes                       NO                       NON-IO                      Yes                                          360
          690          No                        YES                      5 YEARS                     Yes                                          360
          691          No                        NO                       NON-IO                      No                                           360
          692          No                        NO                       NON-IO                      Yes                                          360
          693          No                        NO                       NON-IO                      No                                           360
          694          No                        YES                      5 YEARS                     Yes                                          360
          695          No                        YES                      10 YEARS                    Yes                                          360
          696          No                        YES                      5 YEARS                     Yes                                          360
          697          No                        YES                      10 YEARS                    No                                           360
          698          No                        YES                      5 YEARS                     No                                           360
          699          No                        YES                      5 YEARS                     Yes                                          360
          700          No                        YES                      5 YEARS                     No                                           360
          701          No                        YES                      10 YEARS                    Yes                                          360
          702          No                        YES                      5 YEARS                     No                                           360
          703          No                        NO                       NON-IO                      Yes                                          360
          704          No                        YES                      5 YEARS                     Yes                                          360
          705          No                        YES                      10 YEARS                    Yes                                          360
          706          No                        YES                      10 YEARS                    Yes                                          360
          707          Yes                       NO                       NON-IO                      No                                           360
          708          Yes                       NO                       NON-IO                      No                                           480
          709          No                        YES                      10 YEARS                    No                                           360
          710          No                        YES                      5 YEARS                     Yes                                          360
          711          No                        YES                      5 YEARS                     Yes                                          360
          712          No                        NO                       NON-IO                      No                                           360
          713          No                        YES                      10 YEARS                    No                                           360
          714          No                        YES                      5 YEARS                     No                                           360
          715          No                        YES                      5 YEARS                     No                                           360
          716          Yes                       NO                       NON-IO                      No                                           360
          717          No                        NO                       NON-IO                      Yes                                          360
          718          No                        NO                       NON-IO                      No                                           360
          719          No                        NO                       NON-IO                      Yes                                          360
          720          Yes                       NO                       NON-IO                      Yes                                          480
          721          Yes                       NO                       NON-IO                      Yes                                          360
          722          No                        YES                      10 YEARS                    Yes                                          360
          723          No                        YES                      10 YEARS                    No                                           360
          724          No                        YES                      5 YEARS                     Yes                                          360
          725          No                        YES                      5 YEARS                     Yes                                          360
          726          No                        YES                      5 YEARS                     Yes                                          360
          727          No                        NO                       NON-IO                      Yes                                          360
          728          No                        YES                      5 YEARS                     Yes                                          360
          729          Yes                       NO                       NON-IO                      No                                           360
          730          No                        NO                       NON-IO                      No                                           360
          731          No                        YES                      5 YEARS                     No                                           360
          732          No                        YES                      5 YEARS                     Yes                                          360
          733          No                        YES                      10 YEARS                    Yes                                          360
          734          No                        YES                      5 YEARS                     Yes                                          360
          735          No                        YES                      10 YEARS                    Yes                                          360
          736          No                        YES                      5 YEARS                     No                                           360
          737          No                        YES                      5 YEARS                     Yes                                          360
          738          No                        YES                      5 YEARS                     No                                           360
          739          No                        YES                      5 YEARS                     Yes                                          360
          740          No                        YES                      10 YEARS                    Yes                                          360
          741          No                        YES                      10 YEARS                    Yes                                          360
          742          No                        YES                      5 YEARS                     Yes                                          360
          743          No                        YES                      5 YEARS                     Yes                                          360
          744          Yes                       YES                      5 YEARS                     Yes                                          360
          745          No                        YES                      10 YEARS                    No                                           360
          746          No                        YES                      10 YEARS                    No                                           360
          747          Yes                       YES                      5 YEARS                     Yes                                          360
          748          No                        YES                      10 YEARS                    Yes                                          360
          749          Yes                       NO                       NON-IO                      Yes                                          360
          750          No                        YES                      10 YEARS                    No                                           360
          751          No                        YES                      5 YEARS                     Yes                                          360
          752          No                        YES                      5 YEARS                     Yes                                          360
          753          No                        YES                      5 YEARS                     Yes                                          360
          754          Yes                       NO                       NON-IO                      Yes                                          360
          755          No                        YES                      10 YEARS                    Yes                                          360
          756          Yes                       NO                       NON-IO                      Yes                                          360
          757          No                        NO                       NON-IO                      No                                           360
          758          No                        YES                      10 YEARS                    No                                           360
          759          No                        NO                       NON-IO                      No                                           240
          760          No                        YES                      5 YEARS                     No                                           360
          761          No                        YES                      10 YEARS                    Yes                                          360
          762          No                        YES                      10 YEARS                    Yes                                          360
          763          Yes                       NO                       NON-IO                      Yes                                          360
          764          No                        YES                      5 YEARS                     No                                           360
          765          No                        YES                      5 YEARS                     Yes                                          360
          766          No                        YES                      5 YEARS                     Yes                                          360
          767          No                        YES                      10 YEARS                    Yes                                          360
          768          No                        YES                      5 YEARS                     No                                           360
          769          No                        YES                      10 YEARS                    Yes                                          360
          770          No                        YES                      10 YEARS                    Yes                                          360
          771          No                        NO                       NON-IO                      Yes                                          360
          772          No                        YES                      10 YEARS                    Yes                                          360
          773          No                        YES                      5 YEARS                     Yes                                          360
          774          No                        YES                      10 YEARS                    No                                           360
          775          No                        YES                      5 YEARS                     No                                           360
          776          No                        YES                      10 YEARS                    Yes                                          360
          777          No                        YES                      10 YEARS                    Yes                                          360
          778          No                        YES                      5 YEARS                     Yes                                          240
          779          Yes                       NO                       NON-IO                      Yes                                          480
          780          No                        YES                      10 YEARS                    Yes                                          360
          781          No                        YES                      5 YEARS                     No                                           360
          782          No                        YES                      10 YEARS                    No                                           360
          783          No                        YES                      10 YEARS                    Yes                                          360
          784          No                        YES                      5 YEARS                     Yes                                          360
          785          No                        YES                      10 YEARS                    Yes                                          360
          786          No                        YES                      5 YEARS                     No                                           360
          787          No                        YES                      5 YEARS                     No                                           360
          788          No                        YES                      5 YEARS                     Yes                                          360
          789          No                        YES                      10 YEARS                    Yes                                          360
          790          No                        YES                      10 YEARS                    Yes                                          360
          791          Yes                       NO                       NON-IO                      Yes                                          360
          792          No                        YES                      5 YEARS                     Yes                                          360
          793          Yes                       NO                       NON-IO                      No                                           360
          794          No                        NO                       NON-IO                      Yes                                          360
          795          No                        YES                      5 YEARS                     Yes                                          360
          796          No                        YES                      10 YEARS                    Yes                                          360
          797          No                        YES                      5 YEARS                     Yes                                          360
          798          Yes                       NO                       NON-IO                      No                                           360
          799          No                        YES                      5 YEARS                     No                                           360
          800          No                        YES                      10 YEARS                    Yes                                          360
          801          No                        YES                      5 YEARS                     Yes                                          360
          802          No                        YES                      10 YEARS                    Yes                                          360
          803          Yes                       NO                       NON-IO                      No                                           360
          804          No                        YES                      5 YEARS                     No                                           360
          805          No                        YES                      10 YEARS                    Yes                                          360
          806          No                        NO                       NON-IO                      Yes                                          360
          807          No                        YES                      10 YEARS                    Yes                                          360
          808          No                        YES                      5 YEARS                     Yes                                          360
          809          No                        NO                       NON-IO                      No                                           360
          810          No                        YES                      5 YEARS                     Yes                                          360
          811          No                        YES                      5 YEARS                     No                                           360
          812          No                        YES                      10 YEARS                    No                                           360
          813          Yes                       YES                      5 YEARS                     Yes                                          360
          814          No                        YES                      10 YEARS                    Yes                                          360
          815          No                        YES                      5 YEARS                     No                                           360
          816          No                        YES                      10 YEARS                    Yes                                          360
          817          Yes                       NO                       NON-IO                      Yes                                          360
          818          No                        YES                      5 YEARS                     Yes                                          240
          819          No                        NO                       NON-IO                      Yes                                          360
          820          No                        YES                      5 YEARS                     Yes                                          360
          821          No                        YES                      5 YEARS                     Yes                                          360
          822          No                        YES                      5 YEARS                     Yes                                          360
          823          No                        NO                       NON-IO                      Yes                                          360
          824          Yes                       NO                       NON-IO                      No                                           360
          825          Yes                       YES                      5 YEARS                     Yes                                          360
          826          No                        NO                       NON-IO                      No                                           360
          827          Yes                       NO                       NON-IO                      No                                           360
          828          No                        NO                       NON-IO                      Yes                                          360
          829          No                        YES                      5 YEARS                     No                                           360
          830          No                        NO                       NON-IO                      No                                           360
          831          No                        YES                      5 YEARS                     No                                           360
          832          Yes                       YES                      5 YEARS                     Yes                                          360
          833          No                        NO                       NON-IO                      Yes                                          360
          834          Yes                       NO                       NON-IO                      No                                           360
          835          No                        YES                      5 YEARS                     Yes                                          360
          836          No                        YES                      5 YEARS                     No                                           180
          837          No                        NO                       NON-IO                      Yes                                          360
          838          No                        YES                      5 YEARS                     Yes                                          360
          839          No                        YES                      5 YEARS                     No                                           360
          840          Yes                       NO                       NON-IO                      No                                           360
          841          No                        YES                      10 YEARS                    Yes                                          360
          842          No                        YES                      7 YEARS                     No                                           360
          843          No                        YES                      10 YEARS                    Yes                                          360
          844          No                        YES                      5 YEARS                     Yes                                          360
          845          Yes                       NO                       NON-IO                      No                                           360
          846          No                        YES                      10 YEARS                    Yes                                          360
          847          No                        YES                      10 YEARS                    Yes                                          360
          848          No                        YES                      10 YEARS                    No                                           360
          849          Yes                       YES                      5 YEARS                     Yes                                          360
          850          No                        YES                      5 YEARS                     No                                           360
          851          No                        YES                      10 YEARS                    Yes                                          360
          852          No                        YES                      5 YEARS                     Yes                                          360
          853          No                        YES                      10 YEARS                    Yes                                          360
          854          No                        YES                      5 YEARS                     Yes                                          360
          855          Yes                       YES                      5 YEARS                     Yes                                          360
          856          No                        YES                      10 YEARS                    No                                           360
          857          No                        YES                      10 YEARS                    Yes                                          360
          858          Yes                       YES                      5 YEARS                     No                                           360
          859          No                        YES                      10 YEARS                    Yes                                          360
          860          Yes                       NO                       NON-IO                      No                                           360
          861          No                        YES                      5 YEARS                     No                                           360
          862          No                        YES                      5 YEARS                     Yes                                          360
          863          No                        YES                      5 YEARS                     No                                           360
          864          Yes                       YES                      5 YEARS                     No                                           360
          865          No                        YES                      10 YEARS                    Yes                                          360
          866          No                        YES                      10 YEARS                    No                                           360
          867          No                        YES                      10 YEARS                    Yes                                          360
          868          No                        YES                      5 YEARS                     Yes                                          360
          869          No                        YES                      10 YEARS                    No                                           360
          870          Yes                       YES                      5 YEARS                     No                                           360
          871          No                        YES                      5 YEARS                     No                                           360
          872          No                        YES                      10 YEARS                    Yes                                          360
          873          No                        YES                      10 YEARS                    Yes                                          360
          874          No                        YES                      10 YEARS                    Yes                                          360
          875          No                        YES                      10 YEARS                    Yes                                          360
          876          Yes                       NO                       NON-IO                      No                                           360
          877          No                        YES                      5 YEARS                     No                                           360
          878          Yes                       NO                       NON-IO                      No                                           360
          879          No                        YES                      5 YEARS                     Yes                                          360
          880          Yes                       NO                       NON-IO                      Yes                                          360
          881          Yes                       NO                       NON-IO                      Yes                                          480
          882          No                        YES                      10 YEARS                    No                                           360
          883          No                        NO                       NON-IO                      No                                           360
          884          No                        YES                      10 YEARS                    Yes                                          360
          885          No                        YES                      10 YEARS                    Yes                                          360
          886          Yes                       YES                      5 YEARS                     Yes                                          360
          887          No                        YES                      10 YEARS                    Yes                                          360
          888          Yes                       NO                       NON-IO                      No                                           360
          889          No                        YES                      5 YEARS                     Yes                                          360
          890          No                        YES                      10 YEARS                    Yes                                          360
          891          Yes                       NO                       NON-IO                      No                                           360
          892          No                        YES                      5 YEARS                     Yes                                          360
          893          No                        NO                       NON-IO                      Yes                                          360
          894          No                        NO                       NON-IO                      Yes                                          360
          895          No                        YES                      5 YEARS                     No                                           360
          896          No                        YES                      5 YEARS                     Yes                                          360
          897          No                        NO                       NON-IO                      Yes                                          360
          898          No                        YES                      10 YEARS                    Yes                                          360
          899          Yes                       NO                       NON-IO                      No                                           360
          900          No                        NO                       NON-IO                      Yes                                          360
          901          No                        NO                       NON-IO                      No                                           360
          902          No                        YES                      10 YEARS                    Yes                                          360
          903          No                        NO                       NON-IO                      Yes                                          360
          904          No                        NO                       NON-IO                      Yes                                          360
          905          No                        NO                       NON-IO                      Yes                                          360
          906          No                        NO                       NON-IO                      Yes                                          360
          907          No                        YES                      5 YEARS                     No                                           360
          908          No                        YES                      10 YEARS                    Yes                                          360
          909          No                        NO                       NON-IO                      Yes                                          360
          910          No                        NO                       NON-IO                      Yes                                          360
          911          No                        YES                      5 YEARS                     Yes                                          360
          912          No                        NO                       NON-IO                      Yes                                          360
          913          No                        YES                      5 YEARS                     Yes                                          360
          914          No                        YES                      10 YEARS                    Yes                                          360
          915          No                        YES                      5 YEARS                     Yes                                          360
          916          No                        YES                      5 YEARS                     No                                           360
          917          No                        YES                      10 YEARS                    Yes                                          360
          918          No                        YES                      5 YEARS                     Yes                                          360
          919          No                        YES                      5 YEARS                     Yes                                          360
          920          No                        YES                      5 YEARS                     No                                           360
          921          No                        YES                      5 YEARS                     No                                           360
          922          No                        YES                      5 YEARS                     Yes                                          360
          923          No                        YES                      5 YEARS                     No                                           360
          924          No                        YES                      5 YEARS                     No                                           360
          925          No                        YES                      5 YEARS                     No                                           360
          926          No                        YES                      5 YEARS                     Yes                                          360
          927          No                        YES                      5 YEARS                     Yes                                          360
          928          No                        YES                      5 YEARS                     Yes                                          360
          929          No                        YES                      5 YEARS                     No                                           360
          930          No                        YES                      5 YEARS                     No                                           360
          931          No                        YES                      5 YEARS                     No                                           360
          932          No                        NO                       NON-IO                      No                                           360
          933          No                        NO                       NON-IO                      No                                           360
          934          No                        YES                      10 YEARS                    Yes                                          360
          935          Yes                       YES                      5 YEARS                     Yes                                          360
          936          Yes                       YES                      5 YEARS                     No                                           360
          937          No                        YES                      5 YEARS                     Yes                                          360
          938          No                        YES                      5 YEARS                     Yes                                          360
          939          No                        YES                      5 YEARS                     No                                           360
          940          No                        NO                       NON-IO                      Yes                                          360
          941          No                        YES                      5 YEARS                     Yes                                          360
          942          No                        YES                      5 YEARS                     Yes                                          360
          943          No                        YES                      5 YEARS                     Yes                                          360
          944          No                        YES                      5 YEARS                     Yes                                          360
          945          No                        YES                      10 YEARS                    Yes                                          360
          946          No                        YES                      10 YEARS                    Yes                                          360
          947          No                        YES                      5 YEARS                     No                                           360
          948          No                        YES                      10 YEARS                    Yes                                          360
          949          No                        YES                      5 YEARS                     Yes                                          360
          950          No                        YES                      5 YEARS                     Yes                                          360
          951          No                        YES                      10 YEARS                    No                                           360
          952          No                        YES                      5 YEARS                     Yes                                          360
          953          No                        YES                      5 YEARS                     Yes                                          360
          954          No                        YES                      5 YEARS                     Yes                                          360
          955          No                        NO                       NON-IO                      Yes                                          360
          956          No                        YES                      5 YEARS                     No                                           360
          957          No                        YES                      10 YEARS                    Yes                                          360
          958          No                        YES                      10 YEARS                    Yes                                          360
          959          No                        YES                      10 YEARS                    Yes                                          360
          960          No                        YES                      10 YEARS                    Yes                                          360
          961          No                        YES                      10 YEARS                    Yes                                          360
          962          No                        YES                      10 YEARS                    No                                           360
          963          No                        YES                      5 YEARS                     Yes                                          360
          964          No                        YES                      5 YEARS                     Yes                                          360
          965          No                        YES                      5 YEARS                     No                                           360
          966          No                        YES                      5 YEARS                     Yes                                          360
          967          No                        YES                      5 YEARS                     Yes                                          360
          968          No                        YES                      5 YEARS                     Yes                                          360
          969          No                        YES                      5 YEARS                     Yes                                          360
          970          No                        YES                      5 YEARS                     No                                           360
          971          No                        YES                      5 YEARS                     Yes                                          360
          972          No                        YES                      5 YEARS                     Yes                                          360
          973          No                        NO                       NON-IO                      Yes                                          360
          974          No                        YES                      5 YEARS                     Yes                                          360
          975          No                        YES                      5 YEARS                     Yes                                          360
          976          No                        YES                      5 YEARS                     No                                           360
          977          No                        YES                      10 YEARS                    No                                           360
          978          No                        YES                      10 YEARS                    No                                           360
          979          No                        YES                      10 YEARS                    No                                           360
          980          No                        YES                      10 YEARS                    Yes                                          360
          981          No                        NO                       NON-IO                      Yes                                          360
          982          No                        YES                      5 YEARS                     Yes                                          360
          983          No                        YES                      5 YEARS                     Yes                                          360
          984          No                        YES                      10 YEARS                    Yes                                          360
          985          No                        NO                       NON-IO                      Yes                                          360
          986          No                        YES                      10 YEARS                    No                                           360
          987          No                        NO                       NON-IO                      Yes                                          360
          988          No                        YES                      5 YEARS                     Yes                                          360
          989          No                        NO                       NON-IO                      No                                           360
          990          No                        YES                      5 YEARS                     Yes                                          360
          991          No                        YES                      5 YEARS                     Yes                                          360
          992          No                        NO                       NON-IO                      Yes                                          360
          993          No                        YES                      5 YEARS                     No                                           360
          994          No                        NO                       NON-IO                      Yes                                          360
          995          No                        YES                      5 YEARS                     Yes                                          360
          996          No                        YES                      5 YEARS                     No                                           360
          997          No                        YES                      5 YEARS                     No                                           180
          998          Yes                       YES                      5 YEARS                     Yes                                          360
          999          No                        YES                      5 YEARS                     Yes                                          360
         1000          No                        YES                      10 YEARS                    Yes                                          360
         1001          Yes                       YES                      5 YEARS                     Yes                                          360
         1002          No                        YES                      5 YEARS                     Yes                                          360
         1003          Yes                       NO                       NON-IO                      Yes                                          480
         1004          No                        YES                      5 YEARS                     Yes                                          360
         1005          No                        YES                      5 YEARS                     Yes                                          360
         1006          No                        YES                      10 YEARS                    Yes                                          360
         1007          No                        NO                       NON-IO                      No                                           360
         1008          No                        YES                      5 YEARS                     Yes                                          360
         1009          No                        YES                      10 YEARS                    Yes                                          360
         1010          No                        YES                      10 YEARS                    Yes                                          360
         1011          No                        YES                      10 YEARS                    No                                           360
         1012          No                        YES                      5 YEARS                     Yes                                          360
         1013          No                        YES                      5 YEARS                     Yes                                          360
         1014          No                        YES                      5 YEARS                     Yes                                          360
         1015          No                        NO                       NON-IO                      Yes                                          360
         1016          No                        NO                       NON-IO                      Yes                                          360
         1017          No                        YES                      10 YEARS                    Yes                                          360
         1018          No                        YES                      10 YEARS                    No                                           360
         1019          No                        YES                      10 YEARS                    Yes                                          360
         1020          No                        YES                      10 YEARS                    No                                           360
         1021          No                        YES                      10 YEARS                    No                                           360
         1022          No                        YES                      10 YEARS                    Yes                                          360
         1023          No                        YES                      10 YEARS                    Yes                                          360
         1024          No                        YES                      10 YEARS                    Yes                                          360
         1025          No                        YES                      5 YEARS                     Yes                                          360
         1026          No                        YES                      10 YEARS                    Yes                                          360
         1027          No                        YES                      5 YEARS                     No                                           360
         1028          No                        YES                      5 YEARS                     Yes                                          360
         1029          No                        YES                      10 YEARS                    Yes                                          360
         1030          No                        YES                      10 YEARS                    Yes                                          360
         1031          No                        YES                      5 YEARS                     Yes                                          360
         1032          No                        YES                      10 YEARS                    No                                           360
         1033          No                        YES                      5 YEARS                     Yes                                          360
         1034          No                        YES                      5 YEARS                     Yes                                          360
         1035          No                        NO                       NON-IO                      Yes                                          360
         1036          No                        YES                      10 YEARS                    No                                           360
         1037          No                        YES                      5 YEARS                     Yes                                          360
         1038          No                        NO                       NON-IO                      No                                           360
         1039          No                        YES                      10 YEARS                    Yes                                          360
         1040          No                        YES                      10 YEARS                    Yes                                          360
         1041          No                        YES                      10 YEARS                    Yes                                          360
         1042          No                        YES                      5 YEARS                     No                                           360
         1043          No                        YES                      5 YEARS                     Yes                                          360
         1044          No                        YES                      5 YEARS                     Yes                                          360
         1045          No                        YES                      5 YEARS                     No                                           360
         1046          No                        YES                      10 YEARS                    Yes                                          360
         1047          No                        YES                      5 YEARS                     Yes                                          360
         1048          No                        YES                      5 YEARS                     Yes                                          360
         1049          No                        YES                      5 YEARS                     Yes                                          360
         1050          No                        YES                      5 YEARS                     Yes                                          360
         1051          No                        YES                      5 YEARS                     Yes                                          360
         1052          No                        YES                      5 YEARS                     Yes                                          360
         1053          No                        YES                      5 YEARS                     Yes                                          360
         1054          No                        YES                      10 YEARS                    Yes                                          360
         1055          No                        YES                      5 YEARS                     Yes                                          360
         1056          No                        YES                      10 YEARS                    Yes                                          360
         1057          No                        YES                      5 YEARS                     Yes                                          360
         1058          No                        YES                      10 YEARS                    Yes                                          360
         1059          No                        YES                      5 YEARS                     Yes                                          360
         1060          No                        YES                      5 YEARS                     Yes                                          360
         1061          No                        YES                      5 YEARS                     Yes                                          360
         1062          No                        YES                      5 YEARS                     Yes                                          360
         1063          No                        YES                      10 YEARS                    Yes                                          360
         1064          No                        YES                      5 YEARS                     Yes                                          360
         1065          No                        NO                       NON-IO                      Yes                                          360
         1066          No                        YES                      5 YEARS                     No                                           360
         1067          No                        YES                      10 YEARS                    No                                           360
         1068          No                        YES                      5 YEARS                     Yes                                          360
         1069          No                        YES                      5 YEARS                     Yes                                          360
         1070          No                        YES                      5 YEARS                     Yes                                          360
         1071          No                        YES                      10 YEARS                    No                                           360
         1072          No                        YES                      5 YEARS                     Yes                                          360
         1073          No                        YES                      5 YEARS                     Yes                                          360
         1074          No                        YES                      7 YEARS                     No                                           360
         1075          No                        YES                      5 YEARS                     Yes                                          360
         1076          No                        YES                      5 YEARS                     Yes                                          360
         1077          No                        YES                      10 YEARS                    No                                           360
         1078          No                        NO                       NON-IO                      Yes                                          360
         1079          No                        YES                      10 YEARS                    No                                           360
         1080          No                        YES                      10 YEARS                    No                                           360
         1081          No                        NO                       NON-IO                      No                                           360
         1082          No                        NO                       NON-IO                      Yes                                          360
         1083          No                        YES                      5 YEARS                     Yes                                          360
         1084          No                        YES                      10 YEARS                    No                                           360
         1085          No                        YES                      10 YEARS                    No                                           360
         1086          No                        YES                      10 YEARS                    No                                           360
         1087          No                        YES                      5 YEARS                     Yes                                          360
         1088          No                        NO                       NON-IO                      Yes                                          360
         1089          No                        YES                      5 YEARS                     Yes                                          360
         1090          Yes                       NO                       NON-IO                      No                                           360
         1091          No                        NO                       NON-IO                      No                                           360
         1092          No                        NO                       NON-IO                      Yes                                          360
         1093          No                        NO                       NON-IO                      No                                           360
         1094          No                        NO                       NON-IO                      Yes                                          360
         1095          No                        NO                       NON-IO                      Yes                                          360
         1096          No                        NO                       NON-IO                      Yes                                          360
         1097          No                        NO                       NON-IO                      No                                           360
         1098          No                        NO                       NON-IO                      No                                           360
         1099          No                        YES                      5 YEARS                     No                                           360
         1100          No                        YES                      5 YEARS                     No                                           360
         1101          No                        YES                      5 YEARS                     No                                           360
         1102          No                        YES                      5 YEARS                     Yes                                          360
         1103          No                        YES                      5 YEARS                     No                                           360
         1104          No                        YES                      5 YEARS                     Yes                                          360
         1105          No                        YES                      5 YEARS                     Yes                                          360
         1106          No                        YES                      5 YEARS                     Yes                                          360
         1107          No                        YES                      5 YEARS                     No                                           360
         1108          No                        YES                      5 YEARS                     No                                           360
         1109          No                        YES                      5 YEARS                     No                                           360
         1110          No                        YES                      5 YEARS                     No                                           360
         1111          No                        YES                      5 YEARS                     No                                           360
         1112          No                        YES                      5 YEARS                     No                                           360
         1113          No                        YES                      10 YEARS                    Yes                                          360
         1114          No                        YES                      5 YEARS                     Yes                                          360
         1115          No                        YES                      10 YEARS                    Yes                                          360
         1116          No                        YES                      5 YEARS                     Yes                                          360
         1117          No                        NO                       NON-IO                      Yes                                          360
         1118          No                        NO                       NON-IO                      Yes                                          360
         1119          No                        YES                      5 YEARS                     Yes                                          360
         1120          No                        NO                       NON-IO                      Yes                                          360
         1121          No                        YES                      5 YEARS                     Yes                                          360
         1122          No                        YES                      5 YEARS                     Yes                                          360
         1123          No                        YES                      5 YEARS                     Yes                                          360
         1124          Yes                       YES                      5 YEARS                     No                                           360
         1125          Yes                       NO                       NON-IO                      No                                           360
         1126          No                        YES                      5 YEARS                     No                                           360
         1127          No                        YES                      10 YEARS                    Yes                                          360
         1128          No                        YES                      5 YEARS                     Yes                                          360
         1129          No                        NO                       NON-IO                      Yes                                          360
         1130          No                        YES                      5 YEARS                     Yes                                          360
         1131          No                        YES                      10 YEARS                    Yes                                          360
         1132          Yes                       NO                       NON-IO                      No                                           360
         1133          No                        YES                      10 YEARS                    Yes                                          360
         1134          No                        YES                      5 YEARS                     No                                           360
         1135          No                        YES                      5 YEARS                     Yes                                          360
         1136          No                        YES                      5 YEARS                     Yes                                          360
         1137          Yes                       NO                       NON-IO                      Yes                                          360
         1138          No                        YES                      5 YEARS                     Yes                                          360
         1139          Yes                       NO                       NON-IO                      No                                           360
         1140          No                        YES                      5 YEARS                     No                                           360
         1141          No                        YES                      5 YEARS                     Yes                                          360
         1142          No                        YES                      5 YEARS                     Yes                                          360
         1143          No                        NO                       NON-IO                      Yes                                          360
         1144          No                        YES                      5 YEARS                     Yes                                          360
         1145          No                        NO                       NON-IO                      Yes                                          360
         1146          No                        NO                       NON-IO                      Yes                                          360
         1147          No                        YES                      5 YEARS                     Yes                                          360
         1148          No                        YES                      5 YEARS                     Yes                                          360
         1149          No                        YES                      10 YEARS                    No                                           360
         1150          No                        YES                      10 YEARS                    Yes                                          360
         1151          No                        NO                       NON-IO                      Yes                                          360
         1152          No                        YES                      5 YEARS                     Yes                                          360
         1153          No                        YES                      5 YEARS                     Yes                                          360
         1154          No                        NO                       NON-IO                      Yes                                          360
         1155          No                        YES                      5 YEARS                     Yes                                          360
         1156          No                        YES                      5 YEARS                     Yes                                          360
         1157          No                        YES                      5 YEARS                     Yes                                          360
         1158          No                        YES                      5 YEARS                     Yes                                          360
         1159          No                        YES                      5 YEARS                     Yes                                          360
         1160          No                        YES                      5 YEARS                     Yes                                          360
         1161          No                        YES                      5 YEARS                     Yes                                          360
         1162          No                        YES                      10 YEARS                    Yes                                          360
         1163          Yes                       NO                       NON-IO                      No                                           360
         1164          Yes                       NO                       NON-IO                      No                                           480
         1165          No                        YES                      10 YEARS                    Yes                                          360
         1166          No                        YES                      5 YEARS                     Yes                                          360
         1167          No                        YES                      5 YEARS                     Yes                                          360
         1168          No                        YES                      5 YEARS                     Yes                                          360
         1169          No                        YES                      5 YEARS                     Yes                                          360
         1170          No                        YES                      10 YEARS                    No                                           360
         1171          No                        YES                      5 YEARS                     No                                           360
         1172          Yes                       NO                       NON-IO                      No                                           360
         1173          No                        YES                      10 YEARS                    No                                           360
         1174          No                        YES                      5 YEARS                     Yes                                          360
         1175          No                        YES                      5 YEARS                     No                                           360
         1176          Yes                       NO                       NON-IO                      No                                           360
         1177          No                        YES                      10 YEARS                    Yes                                          360
         1178          No                        YES                      5 YEARS                     No                                           360
         1179          No                        YES                      5 YEARS                     Yes                                          360
         1180          No                        YES                      5 YEARS                     Yes                                          360
         1181          No                        YES                      5 YEARS                     No                                           360
         1182          No                        YES                      5 YEARS                     Yes                                          360
         1183          Yes                       NO                       NON-IO                      No                                           360
         1184          Yes                       NO                       NON-IO                      No                                           360
         1185          No                        YES                      10 YEARS                    Yes                                          360
         1186          No                        YES                      5 YEARS                     Yes                                          360
         1187          No                        YES                      5 YEARS                     Yes                                          360
         1188          No                        YES                      10 YEARS                    Yes                                          360
         1189          No                        YES                      5 YEARS                     Yes                                          360
         1190          No                        YES                      5 YEARS                     No                                           360
         1191          No                        YES                      5 YEARS                     Yes                                          360
         1192          No                        YES                      10 YEARS                    Yes                                          360
         1193          No                        YES                      5 YEARS                     Yes                                          360
         1194          No                        YES                      5 YEARS                     Yes                                          360
         1195          Yes                       NO                       NON-IO                      No                                           360
         1196          No                        YES                      10 YEARS                    No                                           360
         1197          No                        YES                      5 YEARS                     No                                           360
         1198          Yes                       NO                       NON-IO                      No                                           360
         1199          No                        YES                      10 YEARS                    Yes                                          360
         1200          No                        YES                      5 YEARS                     No                                           360
         1201          No                        YES                      5 YEARS                     No                                           360
         1202          Yes                       NO                       NON-IO                      No                                           360
         1203          No                        YES                      5 YEARS                     Yes                                          360
         1204          No                        YES                      5 YEARS                     Yes                                          360
         1205          No                        YES                      5 YEARS                     Yes                                          360
         1206          No                        YES                      5 YEARS                     Yes                                          360
         1207          Yes                       NO                       NON-IO                      No                                           360
         1208          No                        YES                      5 YEARS                     No                                           360
         1209          No                        YES                      5 YEARS                     No                                           360
         1210          No                        YES                      10 YEARS                    Yes                                          360
         1211          No                        YES                      5 YEARS                     Yes                                          360
         1212          No                        YES                      5 YEARS                     No                                           360
         1213          No                        NO                       NON-IO                      Yes                                          360
         1214          No                        YES                      5 YEARS                     Yes                                          360
         1215          No                        YES                      10 YEARS                    No                                           360
         1216          No                        YES                      5 YEARS                     Yes                                          360
         1217          Yes                       NO                       NON-IO                      No                                           360
         1218          No                        YES                      5 YEARS                     Yes                                          360
         1219          No                        YES                      5 YEARS                     Yes                                          360
         1220          No                        YES                      5 YEARS                     Yes                                          360
         1221          No                        YES                      5 YEARS                     Yes                                          360
         1222          Yes                       NO                       NON-IO                      No                                           360
         1223          No                        YES                      5 YEARS                     Yes                                          360
         1224          No                        YES                      5 YEARS                     No                                           360
         1225          No                        YES                      10 YEARS                    No                                           360
         1226          No                        YES                      10 YEARS                    Yes                                          360
         1227          No                        YES                      10 YEARS                    No                                           360
         1228          No                        YES                      10 YEARS                    No                                           360
         1229          No                        YES                      10 YEARS                    Yes                                          360
         1230          No                        YES                      10 YEARS                    Yes                                          360
         1231          No                        YES                      5 YEARS                     No                                           360
         1232          No                        YES                      10 YEARS                    Yes                                          360
         1233          No                        YES                      10 YEARS                    Yes                                          360
         1234          No                        YES                      10 YEARS                    Yes                                          360
         1235          No                        YES                      10 YEARS                    No                                           360
         1236          No                        NO                       NON-IO                      No                                           360
         1237          No                        NO                       NON-IO                      Yes                                          360
         1238          No                        NO                       NON-IO                      No                                           360
         1239          Yes                       NO                       NON-IO                      No                                           360
         1240          No                        NO                       NON-IO                      Yes                                          360
         1241          No                        NO                       NON-IO                      Yes                                          360
         1242          No                        YES                      10 YEARS                    Yes                                          360
         1243          No                        YES                      10 YEARS                    No                                           360
         1244          No                        YES                      10 YEARS                    No                                           360
         1245          No                        YES                      10 YEARS                    No                                           360
         1246          No                        NO                       NON-IO                      No                                           360
         1247          No                        NO                       NON-IO                      No                                           360
         1248          Yes                       NO                       NON-IO                      Yes                                          480
         1249          No                        NO                       NON-IO                      Yes                                          360
         1250          No                        YES                      5 YEARS                     Yes                                          360
         1251          No                        YES                      5 YEARS                     Yes                                          360
         1252          No                        YES                      5 YEARS                     Yes                                          360
         1253          No                        YES                      10 YEARS                    Yes                                          360
         1254          No                        YES                      5 YEARS                     Yes                                          360
         1255          No                        YES                      10 YEARS                    Yes                                          360
         1256          No                        YES                      10 YEARS                    Yes                                          360
         1257          No                        YES                      10 YEARS                    Yes                                          360
         1258          No                        YES                      10 YEARS                    Yes                                          360
         1259          No                        YES                      10 YEARS                    Yes                                          360
         1260          No                        NO                       NON-IO                      Yes                                          360
         1261          No                        NO                       NON-IO                      Yes                                          360
         1262          No                        NO                       NON-IO                      Yes                                          360
         1263          No                        YES                      10 YEARS                    Yes                                          360
         1264          No                        YES                      10 YEARS                    Yes                                          360
         1265          No                        YES                      10 YEARS                    Yes                                          360
         1266          No                        YES                      10 YEARS                    Yes                                          360
         1267          No                        YES                      5 YEARS                     Yes                                          360
         1268          No                        NO                       NON-IO                      Yes                                          360
         1269          Yes                       YES                      5 YEARS                     No                                           360
         1270          No                        NO                       NON-IO                      No                                           360
         1271          No                        NO                       NON-IO                      Yes                                          360
         1272          No                        YES                      5 YEARS                     Yes                                          360
         1273          No                        YES                      10 YEARS                    Yes                                          360
         1274          No                        YES                      5 YEARS                     No                                           360
         1275          No                        YES                      10 YEARS                    No                                           360
         1276          No                        YES                      5 YEARS                     Yes                                          360
         1277          No                        NO                       NON-IO                      Yes                                          360
         1278          Yes                       NO                       NON-IO                      No                                           360
         1279          No                        YES                      5 YEARS                     Yes                                          360
         1280          No                        YES                      5 YEARS                     Yes                                          360
         1281          No                        YES                      10 YEARS                    Yes                                          360
         1282          Yes                       NO                       NON-IO                      No                                           360
         1283          No                        NO                       NON-IO                      No                                           360
         1284          No                        YES                      5 YEARS                     No                                           360
         1285          No                        YES                      10 YEARS                    Yes                                          360
         1286          No                        YES                      5 YEARS                     Yes                                          180
         1287          No                        YES                      5 YEARS                     No                                           360
         1288          No                        NO                       NON-IO                      Yes                                          360
         1289          No                        YES                      5 YEARS                     Yes                                          360
         1290          No                        YES                      10 YEARS                    Yes                                          360
         1291          No                        YES                      5 YEARS                     Yes                                          360
         1292          No                        NO                       NON-IO                      Yes                                          360
         1293          No                        NO                       NON-IO                      Yes                                          360
         1294          No                        YES                      5 YEARS                     Yes                                          360
         1295          No                        YES                      5 YEARS                     No                                           360
         1296          No                        YES                      10 YEARS                    Yes                                          360
         1297          No                        YES                      5 YEARS                     Yes                                          360
         1298          No                        NO                       NON-IO                      Yes                                          360
         1299          No                        YES                      5 YEARS                     Yes                                          360
         1300          No                        NO                       NON-IO                      Yes                                          360
         1301          No                        YES                      10 YEARS                    Yes                                          360
         1302          No                        NO                       NON-IO                      Yes                                          360
         1303          No                        YES                      5 YEARS                     Yes                                          360
         1304          Yes                       NO                       NON-IO                      No                                           360
         1305          No                        YES                      5 YEARS                     Yes                                          360
         1306          No                        YES                      10 YEARS                    Yes                                          360
         1307          No                        YES                      5 YEARS                     Yes                                          360
         1308          Yes                       NO                       NON-IO                      Yes                                          360
         1309          No                        YES                      5 YEARS                     Yes                                          360
         1310          No                        YES                      5 YEARS                     Yes                                          360
         1311          No                        YES                      10 YEARS                    Yes                                          360
         1312          No                        NO                       NON-IO                      Yes                                          360
         1313          No                        YES                      5 YEARS                     Yes                                          360
         1314          No                        NO                       NON-IO                      Yes                                          360
         1315          No                        YES                      10 YEARS                    Yes                                          360
         1316          No                        YES                      5 YEARS                     Yes                                          360
         1317          No                        YES                      5 YEARS                     Yes                                          360
         1318          No                        NO                       NON-IO                      Yes                                          360
         1319          No                        YES                      5 YEARS                     Yes                                          360
         1320          No                        YES                      5 YEARS                     Yes                                          360
         1321          No                        NO                       NON-IO                      Yes                                          360
         1322          No                        YES                      5 YEARS                     Yes                                          360
         1323          No                        YES                      5 YEARS                     Yes                                          360
         1324          No                        NO                       NON-IO                      Yes                                          360
         1325          No                        YES                      5 YEARS                     Yes                                          360
         1326          No                        YES                      3 YEARS                     Yes                                          360
         1327          No                        NO                       NON-IO                      Yes                                          360
         1328          No                        YES                      10 YEARS                    No                                           360
         1329          Yes                       NO                       NON-IO                      No                                           360
         1330          No                        NO                       NON-IO                      Yes                                          360
         1331          No                        NO                       NON-IO                      Yes                                          360
         1332          No                        YES                      5 YEARS                     Yes                                          360
         1333          Yes                       YES                      5 YEARS                     Yes                                          360
         1334          No                        YES                      5 YEARS                     Yes                                          360
         1335          No                        YES                      5 YEARS                     Yes                                          360
         1336          No                        YES                      10 YEARS                    Yes                                          360
         1337          No                        YES                      5 YEARS                     Yes                                          360
         1338          No                        YES                      10 YEARS                    Yes                                          360
         1339          No                        YES                      5 YEARS                     Yes                                          360
         1340          No                        NO                       NON-IO                      Yes                                          360
         1341          No                        NO                       NON-IO                      Yes                                          360
         1342          Yes                       YES                      5 YEARS                     Yes                                          360
         1343          No                        YES                      5 YEARS                     Yes                                          360
         1344          Yes                       YES                      5 YEARS                     Yes                                          360
         1345          No                        NO                       NON-IO                      Yes                                          360
         1346          No                        YES                      5 YEARS                     No                                           360
         1347          No                        YES                      5 YEARS                     Yes                                          360
         1348          No                        YES                      5 YEARS                     Yes                                          360
         1349          No                        YES                      5 YEARS                     No                                           360
         1350          No                        YES                      10 YEARS                    Yes                                          360
         1351          Yes                       NO                       NON-IO                      No                                           360
         1352          Yes                       NO                       NON-IO                      Yes                                          480
         1353          No                        YES                      10 YEARS                    Yes                                          360
         1354          Yes                       NO                       NON-IO                      Yes                                          360
         1355          No                        YES                      5 YEARS                     Yes                                          360
         1356          No                        YES                      5 YEARS                     Yes                                          360
         1357          No                        YES                      5 YEARS                     Yes                                          360
         1358          No                        YES                      10 YEARS                    Yes                                          360
         1359          No                        YES                      5 YEARS                     Yes                                          360
         1360          Yes                       NO                       NON-IO                      No                                           360
         1361          No                        NO                       NON-IO                      Yes                                          360
         1362          Yes                       NO                       NON-IO                      Yes                                          480
         1363          Yes                       NO                       NON-IO                      Yes                                          360
         1364          No                        YES                      10 YEARS                    Yes                                          360
         1365          No                        NO                       NON-IO                      Yes                                          360
         1366          No                        YES                      5 YEARS                     Yes                                          360
         1367          No                        NO                       NON-IO                      Yes                                          360
         1368          No                        YES                      5 YEARS                     Yes                                          360
         1369          No                        NO                       NON-IO                      No                                           360
         1370          No                        YES                      10 YEARS                    Yes                                          360
         1371          No                        YES                      5 YEARS                     Yes                                          360
         1372          No                        YES                      10 YEARS                    Yes                                          360
         1373          No                        NO                       NON-IO                      Yes                                          360
         1374          No                        YES                      10 YEARS                    Yes                                          360
         1375          No                        YES                      10 YEARS                    Yes                                          360
         1376          No                        YES                      5 YEARS                     Yes                                          360
         1377          No                        YES                      5 YEARS                     Yes                                          360
         1378          No                        YES                      5 YEARS                     Yes                                          360
         1379          No                        NO                       NON-IO                      Yes                                          360
         1380          No                        YES                      5 YEARS                     Yes                                          360
         1381          Yes                       NO                       NON-IO                      Yes                                          360
         1382          No                        YES                      10 YEARS                    Yes                                          360
         1383          No                        YES                      5 YEARS                     No                                           360
         1384          No                        YES                      5 YEARS                     No                                           360
         1385          No                        YES                      10 YEARS                    Yes                                          360
         1386          No                        YES                      5 YEARS                     No                                           360
         1387          No                        NO                       NON-IO                      Yes                                          360
         1388          No                        YES                      10 YEARS                    Yes                                          360
         1389          No                        YES                      5 YEARS                     Yes                                          360
         1390          No                        NO                       NON-IO                      Yes                                          360
         1391          No                        NO                       NON-IO                      Yes                                          360
         1392          No                        YES                      10 YEARS                    Yes                                          360
         1393          No                        YES                      5 YEARS                     Yes                                          360
         1394          No                        NO                       NON-IO                      Yes                                          360
         1395          No                        YES                      5 YEARS                     Yes                                          360
         1396          No                        YES                      10 YEARS                    No                                           360
         1397          Yes                       YES                      5 YEARS                     Yes                                          360
         1398          No                        YES                      10 YEARS                    Yes                                          360
         1399          No                        NO                       NON-IO                      Yes                                          360
         1400          No                        YES                      5 YEARS                     Yes                                          360
         1401          No                        YES                      5 YEARS                     Yes                                          360
         1402          No                        YES                      5 YEARS                     No                                           360
         1403          No                        NO                       NON-IO                      No                                           360
         1404          No                        YES                      10 YEARS                    Yes                                          360
         1405          Yes                       YES                      5 YEARS                     Yes                                          360
         1406          No                        YES                      5 YEARS                     No                                           360
         1407          No                        YES                      5 YEARS                     No                                           360
         1408          No                        YES                      10 YEARS                    Yes                                          360
         1409          No                        YES                      10 YEARS                    Yes                                          360
         1410          No                        YES                      5 YEARS                     No                                           180
         1411          No                        NO                       NON-IO                      Yes                                          360
         1412          No                        YES                      5 YEARS                     Yes                                          360
         1413          No                        YES                      5 YEARS                     Yes                                          360
         1414          No                        YES                      5 YEARS                     Yes                                          360
         1415          No                        NO                       NON-IO                      Yes                                          360
         1416          No                        YES                      10 YEARS                    Yes                                          360
         1417          No                        YES                      5 YEARS                     No                                           360
         1418          No                        NO                       NON-IO                      Yes                                          360
         1419          No                        YES                      10 YEARS                    Yes                                          360
         1420          No                        YES                      10 YEARS                    Yes                                          360
         1421          No                        YES                      10 YEARS                    Yes                                          360
         1422          No                        NO                       NON-IO                      Yes                                          360
         1423          No                        NO                       NON-IO                      Yes                                          360
         1424          No                        YES                      5 YEARS                     Yes                                          360
         1425          No                        YES                      5 YEARS                     No                                           360
         1426          No                        YES                      5 YEARS                     No                                           360
         1427          No                        YES                      5 YEARS                     Yes                                          360
         1428          No                        NO                       NON-IO                      Yes                                          360
         1429          No                        YES                      5 YEARS                     Yes                                          360
         1430          Yes                       YES                      5 YEARS                     Yes                                          360
         1431          No                        YES                      5 YEARS                     Yes                                          360
         1432          No                        YES                      10 YEARS                    Yes                                          360
         1433          Yes                       NO                       NON-IO                      No                                           360
         1434          No                        YES                      10 YEARS                    Yes                                          360
         1435          No                        NO                       NON-IO                      Yes                                          360
         1436          No                        YES                      10 YEARS                    No                                           360
         1437          No                        YES                      10 YEARS                    Yes                                          360
         1438          No                        YES                      10 YEARS                    Yes                                          360
         1439          No                        YES                      5 YEARS                     Yes                                          360
         1440          No                        YES                      5 YEARS                     Yes                                          360
         1441          No                        YES                      10 YEARS                    Yes                                          360
         1442          No                        YES                      10 YEARS                    Yes                                          360
         1443          No                        YES                      5 YEARS                     Yes                                          360
         1444          No                        NO                       NON-IO                      Yes                                          360
         1445          Yes                       NO                       NON-IO                      Yes                                          360
         1446          No                        YES                      5 YEARS                     Yes                                          360
         1447          No                        NO                       NON-IO                      Yes                                          360
         1448          No                        YES                      10 YEARS                    Yes                                          360
         1449          No                        NO                       NON-IO                      Yes                                          360
         1450          No                        NO                       NON-IO                      Yes                                          360
         1451          No                        YES                      5 YEARS                     Yes                                          360
         1452          No                        NO                       NON-IO                      No                                           360
         1453          No                        YES                      5 YEARS                     Yes                                          360
         1454          No                        YES                      10 YEARS                    No                                           360
         1455          No                        NO                       NON-IO                      Yes                                          360
         1456          No                        YES                      5 YEARS                     Yes                                          360
         1457          No                        YES                      5 YEARS                     Yes                                          360
         1458          No                        NO                       NON-IO                      Yes                                          360
         1459          No                        YES                      5 YEARS                     Yes                                          360
         1460          No                        NO                       NON-IO                      Yes                                          360
         1461          Yes                       NO                       NON-IO                      No                                           360
         1462          No                        YES                      10 YEARS                    Yes                                          360
         1463          No                        YES                      5 YEARS                     Yes                                          360
         1464          No                        YES                      5 YEARS                     Yes                                          360
         1465          No                        YES                      10 YEARS                    Yes                                          360
         1466          Yes                       NO                       NON-IO                      No                                           360
         1467          No                        NO                       NON-IO                      Yes                                          360
         1468          No                        YES                      5 YEARS                     No                                           360
         1469          No                        YES                      5 YEARS                     No                                           360
         1470          Yes                       NO                       NON-IO                      No                                           360
         1471          No                        YES                      5 YEARS                     No                                           360
         1472          No                        YES                      10 YEARS                    Yes                                          360
         1473          No                        YES                      10 YEARS                    Yes                                          360
         1474          No                        YES                      5 YEARS                     Yes                                          360
         1475          Yes                       NO                       NON-IO                      No                                           360
         1476          No                        YES                      5 YEARS                     No                                           360
         1477          No                        YES                      10 YEARS                    No                                           360
         1478          No                        NO                       NON-IO                      Yes                                          360
         1479          No                        YES                      5 YEARS                     No                                           360
         1480          No                        YES                      5 YEARS                     Yes                                          360
         1481          No                        YES                      10 YEARS                    Yes                                          360
         1482          No                        YES                      10 YEARS                    Yes                                          360
         1483          No                        YES                      10 YEARS                    Yes                                          360
         1484          Yes                       NO                       NON-IO                      No                                           360
         1485          No                        YES                      5 YEARS                     No                                           360
         1486          No                        NO                       NON-IO                      Yes                                          360
         1487          Yes                       NO                       NON-IO                      No                                           360
         1488          Yes                       NO                       NON-IO                      Yes                                          360
         1489          No                        YES                      5 YEARS                     Yes                                          360
         1490          No                        YES                      10 YEARS                    Yes                                          360
         1491          No                        NO                       NON-IO                      Yes                                          360
         1492          No                        YES                      10 YEARS                    Yes                                          360
         1493          No                        YES                      10 YEARS                    No                                           360
         1494          No                        YES                      5 YEARS                     Yes                                          360
         1495          No                        YES                      5 YEARS                     Yes                                          360
         1496          No                        YES                      10 YEARS                    Yes                                          360
         1497          No                        YES                      5 YEARS                     Yes                                          360
         1498          No                        NO                       NON-IO                      Yes                                          360
         1499          No                        YES                      5 YEARS                     Yes                                          360
         1500          No                        YES                      5 YEARS                     No                                           360
         1501          No                        YES                      10 YEARS                    No                                           360
         1502          No                        NO                       NON-IO                      Yes                                          360
         1503          No                        YES                      5 YEARS                     No                                           360
         1504          No                        NO                       NON-IO                      No                                           360
         1505          No                        YES                      5 YEARS                     No                                           360
         1506          No                        YES                      5 YEARS                     No                                           360
         1507          No                        NO                       NON-IO                      No                                           360
         1508          No                        YES                      5 YEARS                     Yes                                          360
         1509          No                        YES                      5 YEARS                     Yes                                          360
         1510          No                        NO                       NON-IO                      Yes                                          360
         1511          No                        NO                       NON-IO                      Yes                                          360
         1512          No                        YES                      5 YEARS                     Yes                                          360
         1513          No                        YES                      5 YEARS                     Yes                                          360
         1514          No                        NO                       NON-IO                      Yes                                          360
         1515          No                        YES                      5 YEARS                     No                                           360
         1516          No                        YES                      5 YEARS                     Yes                                          360
         1517          No                        NO                       NON-IO                      Yes                                          360
         1518          No                        YES                      5 YEARS                     Yes                                          360
         1519          No                        NO                       NON-IO                      Yes                                          360
         1520          No                        YES                      5 YEARS                     Yes                                          360
         1521          No                        YES                      5 YEARS                     Yes                                          360
         1522          No                        NO                       NON-IO                      Yes                                          360
         1523          No                        YES                      5 YEARS                     Yes                                          360
         1524          No                        YES                      5 YEARS                     Yes                                          360
         1525          No                        NO                       NON-IO                      Yes                                          360
         1526          No                        YES                      5 YEARS                     Yes                                          360
         1527          No                        YES                      5 YEARS                     No                                           360
         1528          No                        YES                      10 YEARS                    Yes                                          360
         1529          No                        YES                      10 YEARS                    Yes                                          360
         1530          No                        YES                      10 YEARS                    No                                           360
         1531          No                        YES                      10 YEARS                    Yes                                          360
         1532          No                        YES                      10 YEARS                    No                                           360
         1533          No                        YES                      10 YEARS                    Yes                                          360
         1534          No                        YES                      5 YEARS                     Yes                                          360
         1535          No                        YES                      10 YEARS                    Yes                                          360
         1536          No                        YES                      5 YEARS                     Yes                                          360
         1537          Yes                       NO                       NON-IO                      Yes                                          360
         1538          No                        YES                      5 YEARS                     Yes                                          360
         1539          No                        YES                      5 YEARS                     Yes                                          360
         1540          No                        NO                       NON-IO                      Yes                                          360
         1541          No                        NO                       NON-IO                      Yes                                          360
         1542          No                        YES                      5 YEARS                     Yes                                          360
         1543          No                        YES                      5 YEARS                     Yes                                          360
         1544          No                        NO                       NON-IO                      Yes                                          360
         1545          No                        YES                      5 YEARS                     Yes                                          360
         1546          No                        NO                       NON-IO                      Yes                                          360
         1547          No                        NO                       NON-IO                      Yes                                          360
         1548          No                        YES                      10 YEARS                    Yes                                          360
         1549          No                        NO                       NON-IO                      Yes                                          360
         1550          No                        YES                      10 YEARS                    Yes                                          360
         1551          No                        YES                      10 YEARS                    Yes                                          360
         1552          No                        NO                       NON-IO                      No                                           360
         1553          No                        NO                       NON-IO                      No                                           360
         1554          No                        YES                      5 YEARS                     Yes                                          360
         1555          No                        YES                      10 YEARS                    No                                           360
         1556          No                        YES                      5 YEARS                     Yes                                          360
         1557          No                        YES                      5 YEARS                     Yes                                          360
         1558          No                        YES                      5 YEARS                     Yes                                          360
         1559          No                        YES                      10 YEARS                    Yes                                          360
         1560          No                        NO                       NON-IO                      Yes                                          360
         1561          No                        YES                      5 YEARS                     Yes                                          360
         1562          No                        YES                      10 YEARS                    No                                           360
         1563          No                        YES                      10 YEARS                    Yes                                          360
         1564          No                        NO                       NON-IO                      Yes                                          360
         1565          No                        YES                      10 YEARS                    Yes                                          360
         1566          No                        YES                      5 YEARS                     Yes                                          360
         1567          No                        YES                      10 YEARS                    Yes                                          360
         1568          No                        YES                      10 YEARS                    No                                           360
         1569          No                        NO                       NON-IO                      Yes                                          360
         1570          No                        YES                      10 YEARS                    Yes                                          360
         1571          No                        YES                      5 YEARS                     Yes                                          360
         1572          No                        NO                       NON-IO                      Yes                                          360
         1573          No                        YES                      5 YEARS                     Yes                                          360
         1574          No                        YES                      5 YEARS                     Yes                                          360
         1575          No                        NO                       NON-IO                      Yes                                          360
         1576          No                        YES                      5 YEARS                     No                                           360
         1577          No                        NO                       NON-IO                      Yes                                          360
         1578          No                        YES                      10 YEARS                    Yes                                          360
         1579          No                        YES                      5 YEARS                     No                                           360
         1580          No                        YES                      5 YEARS                     Yes                                          360
         1581          No                        NO                       NON-IO                      No                                           360
         1582          No                        NO                       NON-IO                      Yes                                          360
         1583          No                        YES                      10 YEARS                    Yes                                          360
         1584          No                        YES                      10 YEARS                    No                                           360
         1585          No                        NO                       NON-IO                      Yes                                          360
         1586          No                        YES                      10 YEARS                    Yes                                          360
         1587          No                        NO                       NON-IO                      Yes                                          360
         1588          No                        NO                       NON-IO                      Yes                                          360
         1589          No                        NO                       NON-IO                      Yes                                          360
         1590          No                        YES                      5 YEARS                     Yes                                          360
         1591          No                        NO                       NON-IO                      Yes                                          360
         1592          Yes                       NO                       NON-IO                      Yes                                          480
         1593          No                        NO                       NON-IO                      Yes                                          360
         1594          Yes                       NO                       NON-IO                      Yes                                          480
         1595          No                        NO                       NON-IO                      Yes                                          360
         1596          No                        NO                       NON-IO                      Yes                                          360
         1597          No                        YES                      5 YEARS                     Yes                                          360
         1598          No                        NO                       NON-IO                      Yes                                          360
         1599          No                        YES                      5 YEARS                     Yes                                          360
         1600          No                        YES                      5 YEARS                     Yes                                          360
         1601          No                        NO                       NON-IO                      Yes                                          360
         1602          No                        NO                       NON-IO                      Yes                                          360
         1603          No                        YES                      5 YEARS                     Yes                                          360
         1604          No                        NO                       NON-IO                      Yes                                          360
         1605          No                        NO                       NON-IO                      Yes                                          360
         1606          No                        NO                       NON-IO                      Yes                                          360
         1607          No                        YES                      5 YEARS                     No                                           360
         1608          No                        NO                       NON-IO                      Yes                                          360
         1609          No                        YES                      5 YEARS                     Yes                                          360
         1610          No                        YES                      5 YEARS                     No                                           360
         1611          No                        YES                      5 YEARS                     Yes                                          360
         1612          No                        YES                      5 YEARS                     No                                           360
         1613          No                        NO                       NON-IO                      Yes                                          360
         1614          No                        YES                      5 YEARS                     No                                           360
         1615          No                        YES                      10 YEARS                    Yes                                          360
         1616          No                        YES                      10 YEARS                    No                                           360
         1617          No                        YES                      10 YEARS                    Yes                                          360
         1618          No                        YES                      5 YEARS                     Yes                                          360
         1619          No                        YES                      10 YEARS                    Yes                                          360
         1620          No                        YES                      10 YEARS                    No                                           360
         1621          No                        YES                      5 YEARS                     No                                           360
         1622          No                        YES                      5 YEARS                     Yes                                          360
         1623          No                        YES                      5 YEARS                     Yes                                          360
         1624          No                        YES                      5 YEARS                     Yes                                          360
         1625          No                        YES                      5 YEARS                     Yes                                          360
         1626          No                        YES                      5 YEARS                     Yes                                          360
         1627          No                        YES                      5 YEARS                     Yes                                          360
         1628          No                        YES                      5 YEARS                     Yes                                          360
         1629          No                        NO                       NON-IO                      Yes                                          360
         1630          No                        YES                      10 YEARS                    Yes                                          360
         1631          No                        NO                       NON-IO                      Yes                                          360
         1632          No                        YES                      10 YEARS                    No                                           360
         1633          No                        NO                       NON-IO                      Yes                                          360
         1634          No                        NO                       NON-IO                      No                                           360
         1635          No                        NO                       NON-IO                      Yes                                          360
         1636          No                        NO                       NON-IO                      Yes                                          360
         1637          No                        YES                      10 YEARS                    Yes                                          360
         1638          No                        YES                      10 YEARS                    Yes                                          360
         1639          No                        YES                      10 YEARS                    No                                           360
         1640          No                        YES                      10 YEARS                    Yes                                          360
         1641          No                        YES                      10 YEARS                    Yes                                          360
         1642          No                        YES                      10 YEARS                    No                                           360
         1643          No                        YES                      10 YEARS                    Yes                                          360
         1644          No                        YES                      10 YEARS                    Yes                                          360
         1645          No                        YES                      10 YEARS                    Yes                                          360
         1646          No                        NO                       NON-IO                      Yes                                          360
         1647          No                        YES                      5 YEARS                     Yes                                          360
         1648          No                        YES                      5 YEARS                     Yes                                          360
         1649          No                        NO                       NON-IO                      Yes                                          360
         1650          No                        YES                      5 YEARS                     Yes                                          360
         1651          No                        YES                      10 YEARS                    Yes                                          360
         1652          No                        YES                      5 YEARS                     Yes                                          360
         1653          No                        YES                      10 YEARS                    No                                           360
         1654          No                        YES                      5 YEARS                     Yes                                          360
         1655          No                        NO                       NON-IO                      Yes                                          360
         1656          No                        NO                       NON-IO                      Yes                                          360
         1657          No                        NO                       NON-IO                      No                                           360
         1658          No                        NO                       NON-IO                      Yes                                          360
         1659          No                        YES                      10 YEARS                    No                                           360
         1660          No                        YES                      10 YEARS                    Yes                                          360
         1661          No                        YES                      10 YEARS                    Yes                                          360
         1662          No                        YES                      10 YEARS                    Yes                                          360
         1663          No                        YES                      5 YEARS                     Yes                                          360
         1664          No                        YES                      10 YEARS                    No                                           360
         1665          No                        YES                      10 YEARS                    Yes                                          360
         1666          No                        YES                      10 YEARS                    No                                           360
         1667          No                        YES                      10 YEARS                    Yes                                          360
         1668          No                        YES                      10 YEARS                    No                                           360
         1669          No                        YES                      10 YEARS                    No                                           360
         1670          No                        YES                      10 YEARS                    Yes                                          360
         1671          No                        NO                       NON-IO                      Yes                                          360
         1672          No                        YES                      5 YEARS                     Yes                                          360
         1673          No                        YES                      5 YEARS                     Yes                                          360
         1674          No                        YES                      5 YEARS                     Yes                                          360
         1675          Yes                       NO                       NON-IO                      No                                           360
         1676          No                        YES                      5 YEARS                     No                                           360
         1677          No                        YES                      10 YEARS                    Yes                                          360
         1678          No                        YES                      5 YEARS                     No                                           360
         1679          No                        YES                      5 YEARS                     Yes                                          360
         1680          No                        YES                      5 YEARS                     Yes                                          360
         1681          No                        NO                       NON-IO                      Yes                                          360
         1682          No                        YES                      5 YEARS                     No                                           360
         1683          No                        YES                      10 YEARS                    Yes                                          360
         1684          No                        YES                      5 YEARS                     Yes                                          360
         1685          No                        YES                      5 YEARS                     Yes                                          360
         1686          No                        YES                      5 YEARS                     Yes                                          360
         1687          No                        YES                      5 YEARS                     Yes                                          360
         1688          Yes                       NO                       NON-IO                      No                                           360
         1689          No                        YES                      5 YEARS                     No                                           360
         1690          No                        YES                      5 YEARS                     No                                           360
         1691          No                        YES                      5 YEARS                     Yes                                          360
         1692          No                        NO                       NON-IO                      No                                           360
         1693          No                        YES                      5 YEARS                     No                                           360
         1694          Yes                       NO                       NON-IO                      Yes                                          480
         1695          No                        YES                      5 YEARS                     Yes                                          360
         1696          No                        NO                       NON-IO                      Yes                                          360
         1697          No                        YES                      10 YEARS                    No                                           360
         1698          No                        NO                       NON-IO                      No                                           360
         1699          No                        YES                      10 YEARS                    Yes                                          360
         1700          No                        NO                       NON-IO                      No                                           360
         1701          No                        YES                      10 YEARS                    Yes                                          360
         1702          No                        YES                      10 YEARS                    No                                           360
         1703          No                        NO                       NON-IO                      Yes                                          360
         1704          No                        YES                      10 YEARS                    Yes                                          360
         1705          No                        YES                      5 YEARS                     Yes                                          360
         1706          No                        YES                      5 YEARS                     Yes                                          360
         1707          No                        YES                      10 YEARS                    Yes                                          360
         1708          Yes                       NO                       NON-IO                      Yes                                          360
         1709          No                        YES                      10 YEARS                    Yes                                          360
         1710          No                        YES                      5 YEARS                     Yes                                          360
         1711          No                        YES                      5 YEARS                     Yes                                          360
         1712          No                        YES                      5 YEARS                     No                                           360
         1713          No                        YES                      10 YEARS                    Yes                                          360
         1714          Yes                       NO                       NON-IO                      No                                           360
         1715          No                        YES                      5 YEARS                     No                                           360
         1716          No                        YES                      5 YEARS                     No                                           360
         1717          Yes                       NO                       NON-IO                      Yes                                          480
         1718          Yes                       YES                      5 YEARS                     No                                           360
         1719          No                        YES                      10 YEARS                    Yes                                          360
         1720          No                        YES                      5 YEARS                     No                                           360
         1721          No                        YES                      10 YEARS                    Yes                                          360
         1722          No                        YES                      5 YEARS                     Yes                                          360
         1723          No                        YES                      10 YEARS                    Yes                                          360
         1724          No                        YES                      5 YEARS                     Yes                                          360
         1725          Yes                       NO                       NON-IO                      No                                           360
         1726          No                        NO                       NON-IO                      Yes                                          360
         1727          No                        YES                      5 YEARS                     Yes                                          360
         1728          No                        NO                       NON-IO                      Yes                                          360
         1729          No                        YES                      5 YEARS                     No                                           180
         1730          No                        YES                      10 YEARS                    Yes                                          360
         1731          No                        YES                      5 YEARS                     Yes                                          360
         1732          No                        YES                      5 YEARS                     No                                           360
         1733          No                        YES                      5 YEARS                     No                                           360
         1734          No                        YES                      10 YEARS                    Yes                                          360
         1735          No                        YES                      10 YEARS                    No                                           360
         1736          No                        NO                       NON-IO                      Yes                                          360
         1737          No                        YES                      10 YEARS                    Yes                                          360
         1738          No                        NO                       NON-IO                      No                                           360
         1739          No                        NO                       NON-IO                      Yes                                          360
         1740          No                        NO                       NON-IO                      Yes                                          360
         1741          No                        YES                      5 YEARS                     No                                           360
         1742          No                        NO                       NON-IO                      Yes                                          360
         1743          No                        YES                      5 YEARS                     Yes                                          360
         1744          No                        NO                       NON-IO                      Yes                                          360
         1745          No                        YES                      5 YEARS                     Yes                                          360
         1746          No                        NO                       NON-IO                      Yes                                          360
         1747          No                        YES                      10 YEARS                    Yes                                          360
         1748          No                        NO                       NON-IO                      Yes                                          360
         1749          No                        NO                       NON-IO                      Yes                                          360
         1750          No                        YES                      5 YEARS                     Yes                                          360
         1751          No                        NO                       NON-IO                      Yes                                          360
         1752          No                        YES                      10 YEARS                    Yes                                          360
         1753          No                        YES                      5 YEARS                     Yes                                          360
         1754          No                        NO                       NON-IO                      Yes                                          360
         1755          No                        YES                      5 YEARS                     Yes                                          360
         1756          No                        NO                       NON-IO                      Yes                                          360
         1757          No                        NO                       NON-IO                      Yes                                          360
         1758          No                        YES                      5 YEARS                     No                                           360
         1759          No                        NO                       NON-IO                      Yes                                          360
         1760          No                        YES                      10 YEARS                    Yes                                          360
         1761          No                        YES                      5 YEARS                     Yes                                          360
         1762          No                        YES                      10 YEARS                    Yes                                          360
         1763          No                        YES                      5 YEARS                     Yes                                          360
         1764          No                        YES                      10 YEARS                    Yes                                          360
         1765          No                        NO                       NON-IO                      Yes                                          360
         1766          No                        NO                       NON-IO                      Yes                                          360
         1767          No                        NO                       NON-IO                      Yes                                          360
         1768          No                        YES                      5 YEARS                     Yes                                          360
         1769          No                        YES                      10 YEARS                    Yes                                          360
         1770          No                        NO                       NON-IO                      Yes                                          360
         1771          No                        YES                      10 YEARS                    No                                           360
         1772          No                        YES                      10 YEARS                    Yes                                          360
         1773          No                        NO                       NON-IO                      Yes                                          360
         1774          No                        YES                      10 YEARS                    Yes                                          360
         1775          No                        NO                       NON-IO                      Yes                                          360
         1776          No                        YES                      10 YEARS                    Yes                                          360
         1777          No                        YES                      10 YEARS                    Yes                                          360
         1778          No                        YES                      10 YEARS                    No                                           360
         1779          No                        NO                       NON-IO                      Yes                                          360
         1780          No                        YES                      10 YEARS                    Yes                                          360
         1781          No                        YES                      10 YEARS                    Yes                                          360
         1782          No                        NO                       NON-IO                      Yes                                          360
         1783          No                        YES                      10 YEARS                    Yes                                          360
         1784          No                        YES                      10 YEARS                    No                                           360
         1785          No                        NO                       NON-IO                      Yes                                          360
         1786          No                        YES                      10 YEARS                    Yes                                          360
         1787          No                        YES                      10 YEARS                    Yes                                          360
         1788          No                        YES                      5 YEARS                     Yes                                          360
         1789          No                        YES                      5 YEARS                     Yes                                          360
         1790          No                        NO                       NON-IO                      Yes                                          360
         1791          No                        YES                      5 YEARS                     Yes                                          360
         1792          No                        NO                       NON-IO                      Yes                                          360
         1793          No                        NO                       NON-IO                      Yes                                          360
         1794          No                        YES                      10 YEARS                    No                                           360
         1795          No                        NO                       NON-IO                      Yes                                          360
         1796          No                        YES                      5 YEARS                     Yes                                          360
         1797          No                        YES                      5 YEARS                     Yes                                          360
         1798          No                        NO                       NON-IO                      Yes                                          360
         1799          No                        NO                       NON-IO                      Yes                                          360
         1800          No                        YES                      10 YEARS                    Yes                                          360
         1801          No                        NO                       NON-IO                      Yes                                          360
         1802          No                        NO                       NON-IO                      No                                           360
         1803          No                        NO                       NON-IO                      Yes                                          360
         1804          No                        YES                      10 YEARS                    Yes                                          360
         1805          No                        YES                      10 YEARS                    Yes                                          360
         1806          No                        YES                      5 YEARS                     Yes                                          360
         1807          No                        YES                      5 YEARS                     Yes                                          360
         1808          No                        YES                      10 YEARS                    No                                           360
         1809          No                        YES                      10 YEARS                    Yes                                          360
         1810          No                        NO                       NON-IO                      Yes                                          360
         1811          No                        NO                       NON-IO                      Yes                                          360
         1812          No                        NO                       NON-IO                      Yes                                          360
         1813          No                        YES                      10 YEARS                    Yes                                          360
         1814          No                        YES                      10 YEARS                    Yes                                          360
         1815          No                        NO                       NON-IO                      No                                           360
         1816          No                        YES                      5 YEARS                     Yes                                          360
         1817          No                        YES                      10 YEARS                    Yes                                          360
         1818          No                        YES                      10 YEARS                    Yes                                          360
         1819          No                        YES                      5 YEARS                     Yes                                          360
         1820          No                        YES                      10 YEARS                    Yes                                          360
         1821          No                        YES                      5 YEARS                     Yes                                          360
         1822          No                        YES                      5 YEARS                     No                                           360
         1823          No                        NO                       NON-IO                      Yes                                          360
         1824          No                        YES                      10 YEARS                    Yes                                          360
         1825          No                        YES                      10 YEARS                    Yes                                          360
         1826          No                        YES                      5 YEARS                     Yes                                          360
         1827          Yes                       NO                       NON-IO                      Yes                                          480
         1828          No                        YES                      5 YEARS                     Yes                                          360
         1829          No                        YES                      5 YEARS                     Yes                                          360
         1830          No                        YES                      5 YEARS                     Yes                                          360
         1831          No                        YES                      5 YEARS                     Yes                                          360
         1832          No                        YES                      5 YEARS                     Yes                                          360
         1833          No                        NO                       NON-IO                      Yes                                          360
         1834          No                        YES                      10 YEARS                    Yes                                          360
         1835          No                        NO                       NON-IO                      Yes                                          360
         1836          No                        YES                      5 YEARS                     No                                           360
         1837          No                        YES                      10 YEARS                    Yes                                          360
         1838          No                        YES                      10 YEARS                    Yes                                          360
         1839          No                        NO                       NON-IO                      Yes                                          360
         1840          No                        YES                      10 YEARS                    Yes                                          360
         1841          No                        YES                      5 YEARS                     No                                           360
         1842          No                        NO                       NON-IO                      Yes                                          360
         1843          No                        YES                      10 YEARS                    Yes                                          360
         1844          No                        YES                      10 YEARS                    Yes                                          360
         1845          No                        NO                       NON-IO                      Yes                                          360
         1846          No                        YES                      10 YEARS                    Yes                                          360
         1847          No                        YES                      5 YEARS                     Yes                                          360
         1848          No                        YES                      5 YEARS                     Yes                                          360
         1849          No                        YES                      10 YEARS                    Yes                                          360
         1850          No                        YES                      10 YEARS                    Yes                                          360
         1851          No                        YES                      5 YEARS                     Yes                                          360
         1852          No                        YES                      5 YEARS                     Yes                                          360
         1853          No                        YES                      10 YEARS                    Yes                                          360
         1854          No                        YES                      10 YEARS                    Yes                                          360
         1855          No                        NO                       NON-IO                      Yes                                          360
         1856          No                        NO                       NON-IO                      Yes                                          360
         1857          No                        YES                      5 YEARS                     Yes                                          360
         1858          No                        YES                      5 YEARS                     Yes                                          360
         1859          No                        NO                       NON-IO                      Yes                                          360
         1860          No                        YES                      5 YEARS                     Yes                                          360
         1861          No                        NO                       NON-IO                      Yes                                          360
         1862          Yes                       NO                       NON-IO                      Yes                                          480
         1863          No                        NO                       NON-IO                      Yes                                          360
         1864          No                        YES                      10 YEARS                    Yes                                          360
         1865          No                        YES                      5 YEARS                     Yes                                          360
         1866          No                        NO                       NON-IO                      Yes                                          360
         1867          Yes                       NO                       NON-IO                      Yes                                          480
         1868          No                        YES                      5 YEARS                     Yes                                          360
         1869          Yes                       NO                       NON-IO                      Yes                                          480
         1870          No                        NO                       NON-IO                      No                                           360
         1871          No                        YES                      10 YEARS                    No                                           360
         1872          No                        YES                      5 YEARS                     Yes                                          360
         1873          No                        YES                      5 YEARS                     Yes                                          360
         1874          No                        YES                      10 YEARS                    No                                           360
         1875          No                        YES                      10 YEARS                    No                                           360
         1876          No                        YES                      10 YEARS                    No                                           360
         1877          No                        YES                      10 YEARS                    Yes                                          360
         1878          No                        YES                      10 YEARS                    No                                           360
         1879          No                        YES                      10 YEARS                    Yes                                          360
         1880          No                        YES                      5 YEARS                     Yes                                          360
         1881          No                        YES                      10 YEARS                    Yes                                          360
         1882          No                        YES                      10 YEARS                    No                                           360
         1883          No                        YES                      10 YEARS                    No                                           360
         1884          No                        NO                       NON-IO                      No                                           360
         1885          No                        YES                      10 YEARS                    Yes                                          360
         1886          No                        YES                      10 YEARS                    No                                           360
         1887          No                        YES                      5 YEARS                     Yes                                          360
         1888          No                        YES                      10 YEARS                    Yes                                          360
         1889          No                        YES                      10 YEARS                    Yes                                          360
         1890          No                        YES                      10 YEARS                    Yes                                          360
         1891          No                        YES                      10 YEARS                    Yes                                          360
         1892          No                        YES                      10 YEARS                    Yes                                          360
         1893          No                        YES                      10 YEARS                    No                                           360
         1894          No                        YES                      10 YEARS                    Yes                                          360
         1895          No                        NO                       NON-IO                      Yes                                          360
         1896          No                        NO                       NON-IO                      Yes                                          360
         1897          No                        NO                       NON-IO                      Yes                                          360
         1898          No                        YES                      5 YEARS                     Yes                                          360
         1899          No                        NO                       NON-IO                      Yes                                          360
         1900          No                        YES                      10 YEARS                    No                                           360
         1901          No                        NO                       NON-IO                      Yes                                          360
         1902          No                        YES                      5 YEARS                     Yes                                          360
         1903          No                        NO                       NON-IO                      Yes                                          360
         1904          No                        NO                       NON-IO                      Yes                                          360
         1905          No                        NO                       NON-IO                      No                                           360
         1906          No                        YES                      10 YEARS                    No                                           360
         1907          No                        YES                      10 YEARS                    Yes                                          360
         1908          No                        YES                      10 YEARS                    No                                           360
         1909          No                        YES                      10 YEARS                    Yes                                          360
         1910          No                        YES                      10 YEARS                    No                                           360
         1911          No                        YES                      5 YEARS                     Yes                                          360
         1912          No                        YES                      10 YEARS                    Yes                                          360
         1913          No                        YES                      5 YEARS                     No                                           360
         1914          No                        YES                      10 YEARS                    No                                           360
         1915          No                        YES                      5 YEARS                     Yes                                          360
         1916          No                        YES                      10 YEARS                    No                                           360
         1917          No                        YES                      10 YEARS                    Yes                                          360
         1918          No                        YES                      10 YEARS                    No                                           360
         1919          No                        NO                       NON-IO                      No                                           360
         1920          No                        YES                      10 YEARS                    No                                           360
         1921          No                        YES                      10 YEARS                    Yes                                          360
         1922          No                        YES                      5 YEARS                     Yes                                          360
         1923          No                        NO                       NON-IO                      Yes                                          360
         1924          No                        NO                       NON-IO                      Yes                                          360
         1925          No                        YES                      5 YEARS                     Yes                                          360
         1926          No                        YES                      5 YEARS                     Yes                                          360
         1927          No                        NO                       NON-IO                      Yes                                          360
         1928          No                        YES                      10 YEARS                    Yes                                          360
         1929          No                        NO                       NON-IO                      Yes                                          360
         1930          No                        YES                      5 YEARS                     No                                           360
         1931          No                        YES                      5 YEARS                     Yes                                          360
         1932          No                        NO                       NON-IO                      Yes                                          360
         1933          No                        YES                      10 YEARS                    Yes                                          360
         1934          No                        YES                      5 YEARS                     Yes                                          360
         1935          No                        YES                      5 YEARS                     No                                           360
         1936          No                        NO                       NON-IO                      Yes                                          360
         1937          No                        YES                      10 YEARS                    Yes                                          360
         1938          No                        YES                      5 YEARS                     No                                           360
         1939          No                        NO                       NON-IO                      Yes                                          360
         1940          No                        YES                      10 YEARS                    No                                           360
         1941          No                        YES                      10 YEARS                    Yes                                          360
         1942          No                        YES                      5 YEARS                     Yes                                          360
         1943          No                        YES                      5 YEARS                     Yes                                          360
         1944          No                        YES                      5 YEARS                     No                                           360
         1945          No                        NO                       NON-IO                      Yes                                          360
         1946          No                        YES                      5 YEARS                     No                                           360
         1947          No                        YES                      10 YEARS                    Yes                                          360
         1948          No                        NO                       NON-IO                      No                                           360
         1949          No                        YES                      5 YEARS                     No                                           360
         1950          No                        YES                      5 YEARS                     Yes                                          360
         1951          No                        NO                       NON-IO                      Yes                                          360
         1952          No                        YES                      10 YEARS                    Yes                                          360
         1953          No                        YES                      5 YEARS                     Yes                                          360
         1954          No                        YES                      5 YEARS                     No                                           360
         1955          No                        NO                       NON-IO                      No                                           360
         1956          No                        YES                      10 YEARS                    Yes                                          360
         1957          No                        YES                      10 YEARS                    No                                           360
         1958          No                        YES                      5 YEARS                     Yes                                          360
         1959          No                        YES                      10 YEARS                    Yes                                          360
         1960          No                        NO                       NON-IO                      Yes                                          360
         1961          No                        YES                      10 YEARS                    No                                           360
         1962          No                        YES                      5 YEARS                     Yes                                          360
         1963          No                        YES                      10 YEARS                    Yes                                          360
         1964          No                        YES                      10 YEARS                    Yes                                          360
         1965          No                        YES                      10 YEARS                    Yes                                          360
         1966          No                        YES                      5 YEARS                     No                                           360
         1967          No                        NO                       NON-IO                      No                                           360
         1968          No                        YES                      5 YEARS                     Yes                                          360
         1969          No                        YES                      5 YEARS                     Yes                                          360
         1970          No                        YES                      10 YEARS                    Yes                                          360
         1971          No                        YES                      10 YEARS                    Yes                                          360
         1972          No                        YES                      5 YEARS                     Yes                                          360
         1973          No                        YES                      5 YEARS                     Yes                                          360
         1974          No                        YES                      5 YEARS                     No                                           360
         1975          No                        YES                      5 YEARS                     Yes                                          360
         1976          No                        YES                      5 YEARS                     Yes                                          360
         1977          No                        YES                      5 YEARS                     No                                           360
         1978          No                        NO                       NON-IO                      No                                           360
         1979          No                        YES                      10 YEARS                    Yes                                          360
         1980          No                        NO                       NON-IO                      Yes                                          360
         1981          No                        YES                      5 YEARS                     Yes                                          360
         1982          No                        YES                      10 YEARS                    Yes                                          360
         1983          No                        YES                      10 YEARS                    Yes                                          360
         1984          Yes                       NO                       NON-IO                      Yes                                          480
         1985          No                        YES                      5 YEARS                     Yes                                          360
         1986          No                        YES                      5 YEARS                     Yes                                          360
         1987          No                        YES                      5 YEARS                     Yes                                          360
         1988          No                        YES                      10 YEARS                    No                                           360
         1989          No                        NO                       NON-IO                      No                                           360
         1990          No                        YES                      5 YEARS                     No                                           360
         1991          No                        YES                      5 YEARS                     Yes                                          360
         1992          No                        YES                      5 YEARS                     Yes                                          360
         1993          No                        YES                      5 YEARS                     Yes                                          360
         1994          Yes                       YES                      5 YEARS                     No                                           360
         1995          No                        YES                      5 YEARS                     No                                           360
         1996          No                        YES                      5 YEARS                     No                                           360
         1997          No                        YES                      5 YEARS                     No                                           360
         1998          No                        YES                      5 YEARS                     Yes                                          360
         1999          No                        YES                      10 YEARS                    No                                           360
         2000          No                        YES                      10 YEARS                    Yes                                          360
         2001          No                        NO                       NON-IO                      No                                           360
         2002          No                        YES                      10 YEARS                    No                                           360
         2003          No                        YES                      5 YEARS                     Yes                                          360
         2004          Yes                       YES                      5 YEARS                     Yes                                          360
         2005          No                        YES                      10 YEARS                    Yes                                          360
         2006          No                        YES                      10 YEARS                    Yes                                          360
         2007          Yes                       YES                      5 YEARS                     Yes                                          360
         2008          No                        YES                      10 YEARS                    Yes                                          360
         2009          No                        YES                      5 YEARS                     Yes                                          360
         2010          Yes                       NO                       NON-IO                      Yes                                          360
         2011          No                        YES                      10 YEARS                    No                                           360
         2012          No                        YES                      5 YEARS                     Yes                                          360
         2013          Yes                       YES                      5 YEARS                     Yes                                          360
         2014          No                        YES                      5 YEARS                     No                                           360
         2015          No                        YES                      10 YEARS                    No                                           360
         2016          No                        YES                      10 YEARS                    Yes                                          360
         2017          No                        YES                      10 YEARS                    Yes                                          360
         2018          Yes                       NO                       NON-IO                      Yes                                          360
         2019          No                        YES                      10 YEARS                    Yes                                          360
         2020          No                        YES                      5 YEARS                     No                                           360
         2021          No                        NO                       NON-IO                      No                                           240
         2022          No                        YES                      10 YEARS                    Yes                                          360
         2023          No                        NO                       NON-IO                      Yes                                          360
         2024          Yes                       YES                      5 YEARS                     Yes                                          360
         2025          Yes                       YES                      5 YEARS                     Yes                                          360
         2026          No                        YES                      5 YEARS                     No                                           360
         2027          No                        YES                      5 YEARS                     No                                           360
         2028          Yes                       NO                       NON-IO                      No                                           360
         2029          No                        YES                      5 YEARS                     Yes                                          360
         2030          No                        YES                      5 YEARS                     Yes                                          360
         2031          No                        YES                      5 YEARS                     Yes                                          360
         2032          No                        YES                      5 YEARS                     No                                           360
         2033          No                        YES                      5 YEARS                     Yes                                          360
         2034          No                        YES                      5 YEARS                     No                                           360
         2035          No                        YES                      5 YEARS                     No                                           360
         2036          No                        YES                      5 YEARS                     Yes                                          360
         2037          No                        YES                      5 YEARS                     No                                           360
         2038          Yes                       YES                      5 YEARS                     No                                           360
         2039          No                        NO                       NON-IO                      No                                           360
         2040          No                        YES                      5 YEARS                     Yes                                          360
         2041          No                        YES                      10 YEARS                    No                                           360
         2042          No                        YES                      5 YEARS                     No                                           360
         2043          No                        YES                      10 YEARS                    Yes                                          360
         2044          No                        YES                      10 YEARS                    No                                           360
         2045          No                        YES                      10 YEARS                    Yes                                          360
         2046          No                        YES                      5 YEARS                     Yes                                          180
         2047          No                        YES                      10 YEARS                    Yes                                          360
         2048          No                        YES                      5 YEARS                     Yes                                          360
         2049          No                        YES                      10 YEARS                    No                                           360
         2050          No                        NO                       NON-IO                      Yes                                          360
         2051          No                        YES                      5 YEARS                     Yes                                          360
         2052          No                        YES                      10 YEARS                    Yes                                          360
         2053          No                        YES                      10 YEARS                    No                                           360
         2054          No                        YES                      5 YEARS                     No                                           360
         2055          No                        YES                      10 YEARS                    Yes                                          360
         2056          No                        YES                      5 YEARS                     Yes                                          360
         2057          No                        YES                      5 YEARS                     No                                           360
         2058          No                        YES                      10 YEARS                    No                                           360
         2059          No                        NO                       NON-IO                      Yes                                          360
         2060          No                        YES                      10 YEARS                    No                                           360
         2061          No                        YES                      10 YEARS                    No                                           360
         2062          No                        YES                      5 YEARS                     Yes                                          360
         2063          Yes                       YES                      5 YEARS                     Yes                                          360
         2064          No                        YES                      10 YEARS                    No                                           360
         2065          No                        YES                      5 YEARS                     No                                           360
         2066          No                        YES                      5 YEARS                     No                                           360
         2067          Yes                       YES                      5 YEARS                     Yes                                          360
         2068          No                        YES                      5 YEARS                     Yes                                          360
         2069          Yes                       YES                      5 YEARS                     Yes                                          360
         2070          No                        YES                      10 YEARS                    No                                           360
         2071          No                        YES                      5 YEARS                     Yes                                          360
         2072          No                        YES                      10 YEARS                    No                                           360
         2073          No                        YES                      5 YEARS                     Yes                                          360
         2074          No                        YES                      5 YEARS                     No                                           360
         2075          No                        YES                      5 YEARS                     Yes                                          360
         2076          No                        YES                      5 YEARS                     No                                           360
         2077          No                        YES                      5 YEARS                     Yes                                          360
         2078          No                        NO                       NON-IO                      Yes                                          360
         2079          No                        YES                      5 YEARS                     No                                           360
         2080          No                        YES                      10 YEARS                    Yes                                          180
         2081          Yes                       YES                      5 YEARS                     Yes                                          360
         2082          No                        YES                      5 YEARS                     No                                           360
         2083          No                        NO                       NON-IO                      Yes                                          360
         2084          No                        YES                      5 YEARS                     Yes                                          360
         2085          No                        YES                      5 YEARS                     Yes                                          360
         2086          Yes                       YES                      5 YEARS                     No                                           360
         2087          No                        YES                      5 YEARS                     No                                           360
         2088          No                        YES                      5 YEARS                     Yes                                          360
         2089          No                        YES                      5 YEARS                     No                                           360
         2090          No                        YES                      5 YEARS                     No                                           360
         2091          No                        YES                      10 YEARS                    No                                           360
         2092          No                        YES                      5 YEARS                     No                                           360
         2093          Yes                       NO                       NON-IO                      Yes                                          480
         2094          No                        YES                      5 YEARS                     No                                           360
         2095          No                        YES                      5 YEARS                     No                                           360
         2096          No                        YES                      10 YEARS                    No                                           360
         2097          No                        YES                      10 YEARS                    No                                           360
         2098          No                        YES                      10 YEARS                    No                                           360
         2099          No                        YES                      10 YEARS                    Yes                                          360
         2100          No                        NO                       NON-IO                      No                                           360
         2101          No                        YES                      5 YEARS                     Yes                                          360
         2102          No                        NO                       NON-IO                      Yes                                          360
         2103          No                        YES                      10 YEARS                    Yes                                          360
         2104          No                        YES                      10 YEARS                    Yes                                          360
         2105          No                        YES                      10 YEARS                    No                                           360
         2106          No                        YES                      10 YEARS                    Yes                                          360
         2107          No                        YES                      10 YEARS                    Yes                                          360
         2108          No                        YES                      10 YEARS                    Yes                                          360
         2109          No                        YES                      5 YEARS                     Yes                                          360
         2110          No                        YES                      10 YEARS                    Yes                                          360
         2111          No                        YES                      5 YEARS                     Yes                                          360
         2112          No                        YES                      5 YEARS                     No                                           360
         2113          No                        YES                      5 YEARS                     No                                           360
         2114          No                        YES                      5 YEARS                     Yes                                          360
         2115          No                        NO                       NON-IO                      Yes                                          360
         2116          No                        YES                      5 YEARS                     Yes                                          360
         2117          No                        YES                      10 YEARS                    Yes                                          360
         2118          No                        YES                      5 YEARS                     Yes                                          360
         2119          No                        NO                       NON-IO                      Yes                                          360
         2120          No                        NO                       NON-IO                      No                                           360
         2121          No                        NO                       NON-IO                      No                                           360
         2122          No                        YES                      5 YEARS                     No                                           360
         2123          No                        NO                       NON-IO                      Yes                                          360
         2124          Yes                       NO                       NON-IO                      Yes                                          480
         2125          No                        NO                       NON-IO                      No                                           240
         2126          No                        NO                       NON-IO                      Yes                                          360
         2127          No                        NO                       NON-IO                      No                                           240
         2128          Yes                       NO                       NON-IO                      No                                           360
         2129          No                        NO                       NON-IO                      Yes                                          360
         2130          Yes                       NO                       NON-IO                      No                                           360
         2131          Yes                       NO                       NON-IO                      Yes                                          360
         2132          Yes                       NO                       NON-IO                      Yes                                          360
         2133          No                        NO                       NON-IO                      Yes                                          360
         2134          No                        NO                       NON-IO                      Yes                                          360
         2135          No                        YES                      5 YEARS                     Yes                                          360
         2136          No                        YES                      5 YEARS                     Yes                                          360
         2137          No                        NO                       NON-IO                      No                                           360
         2138          Yes                       NO                       NON-IO                      Yes                                          480
         2139          No                        NO                       NON-IO                      No                                           360
         2140          No                        YES                      5 YEARS                     Yes                                          360
         2141          Yes                       NO                       NON-IO                      Yes                                          480
         2142          No                        YES                      5 YEARS                     Yes                                          360
         2143          No                        YES                      5 YEARS                     Yes                                          360
         2144          No                        NO                       NON-IO                      Yes                                          360
         2145          No                        YES                      5 YEARS                     Yes                                          360
         2146          No                        YES                      5 YEARS                     No                                           360
         2147          No                        NO                       NON-IO                      Yes                                          360
         2148          No                        YES                      10 YEARS                    Yes                                          360
         2149          No                        NO                       NON-IO                      Yes                                          360
         2150          No                        NO                       NON-IO                      Yes                                          360
         2151          No                        YES                      3 YEARS                     Yes                                          360
         2152          No                        YES                      3 YEARS                     Yes                                          360
         2153          No                        YES                      3 YEARS                     Yes                                          360
         2154          No                        YES                      3 YEARS                     Yes                                          360
         2155          No                        YES                      3 YEARS                     Yes                                          360
         2156          No                        NO                       NON-IO                      No                                           180
         2157          No                        NO                       NON-IO                      No                                           240
         2158          Yes                       NO                       NON-IO                      Yes                                          360
         2159          No                        NO                       NON-IO                      Yes                                          360
         2160          Yes                       NO                       NON-IO                      Yes                                          360
         2161          No                        NO                       NON-IO                      No                                           240
         2162          Yes                       NO                       NON-IO                      No                                           360
         2163          Yes                       NO                       NON-IO                      Yes                                          360
         2164          No                        NO                       NON-IO                      No                                           240
         2165          No                        YES                      5 YEARS                     Yes                                          360
         2166          Yes                       NO                       NON-IO                      No                                           360
         2167          No                        NO                       NON-IO                      Yes                                          360
         2168          No                        YES                      5 YEARS                     Yes                                          360
         2169          No                        NO                       NON-IO                      Yes                                          360
         2170          No                        YES                      5 YEARS                     Yes                                          360
         2171          No                        NO                       NON-IO                      No                                           360
         2172          No                        NO                       NON-IO                      Yes                                          360
         2173          No                        NO                       NON-IO                      Yes                                          360

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      EXHIBIT
        I

       

      SELLER
        REPRESENTATIONS AND WARRANTIES

       

      Seller's
        Representations Assigned by Company to Trustee

       

       

      Representations
        and Warranties. Pursuant to the Mortgage Loan Purchase Agreement, the Seller
        has
        made certain representations and warranties to the Company. The Seller shall
        confirm such representations and warranties and shall deliver a Seller's
        Warranty Certificate and an Officer's Certificate on the Closing Date (i)
        reaffirming such representations and warranties and (ii) specifically restating
        and reaffirming the following representations and warranties as of such date.
        The following representations are, pursuant to the Pooling and Servicing
        Agreement, assigned by the Company to the Trustee for the benefit of the
        Certificateholders, together with the related repurchase rights specified
        in the
        Mortgage Loan Purchase Agreement. Pursuant to the Mortgage Loan Purchase
        Agreement, the Seller's Warranty Certificate and related Officer's Certificate,
        the Seller affirms each such representation and warranty and agrees, consents
        to
        and acknowledges the assignment thereof to the Trustee. All capitalized terms
        herein shall have the meanings assigned in the Pooling and Servicing Agreement
        and the Seller's Warranty Certificate, as applicable.

       

      The
        Seller hereby represents and warrants to the Company and Trustee, as to each
        Mortgage Loan, that as of the Closing Date or as of such other date specifically
        provided herein:

       

      (i) the
        information set forth in the Mortgage Loan Schedule hereto is true and correct
        in all material respects;

       

      (ii) the
        Mortgage Loans, individually and in the aggregate, conform in all material
        respects to the descriptions thereof in the Prospectus Supplement; 

       

      (iii) 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;

       

      (iv) the
        Mortgage File for each Mortgage Loan contains a true and complete copy of
        each
        of the documents contained in such Mortgage File, including all amendments,
        modifications and, if applicable, waivers and assumptions that have been
        executed in connection with such Mortgage Loan;

       

      (v) immediately
        prior to the transfer to the Purchaser, the 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 the Seller has full right and authority
        to
        sell or assign the same pursuant to this Agreement;

       

      (vi) each
        Mortgage is a valid and enforceable first 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;

       

      (vii) no
        payment of principal of or interest on or in respect of any Mortgage Loan
        is 30
        or more days past due;

       

      (viii) 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 (xii) below;

       

      (ix) as
        of the
        Cut off Date, (i) no Mortgage Loan had been 30 days or more delinquent more
        than
        once during the preceding 12 months, (ii) no Mortgage Loan had been delinquent
        for 60 days or more during the preceding 12 months and (iii) to Seller's
        knowledge, 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;

       

      (x) 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;

       

      (xi)
         to
        Seller's knowledge, except to the extent insurance is in place which will
        over
        such damage, 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;

       

      (xii) each
        Mortgage Loan complies in all material respects with applicable local, state
        and
        federal laws, including, without limitation, usury, equal credit opportunity,
        real estate settlement procedures, the Federal Truth In Lending Act and
        disclosure laws, including, but not limited to, any applicable predatory
        lending
        laws. The consummation of the transactions contemplated hereby, including
        without limitation, the receipt of interest by the owner of such Mortgage
        Loan
        or the holders of Certificates secured thereby, will not involve the violation
        of any such laws. Each Mortgage Loan is being serviced in all material respects
        in accordance with applicable local, state and federal laws, including, without
        limitation, the Federal Truth In Lending Act and other consumer protection
        laws,
        real estate settlement procedures, usury, equal credit opportunity and
        disclosure laws;

       

      (xiii) 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
        Seller's knowledge, was qualified to do business in the jurisdiction where
        the
        related Mortgaged Property is located, insuring the 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. 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;

       

      (xiv) in
        the
        event the Mortgage constitutes a deed of trust, either 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 or if no duly qualified
        trustee
        has been properly designated and so serves, the Mortgage contains satisfactory
        provisions for the appointment of such trustee by the holder of the Mortgage
        at
        no cost or expense to such holder, and no fees or expenses are or will become
        payable by Purchaser to the trustee under the deed of trust, except in
        connection with a trustee's sale after default by the mortgagor;

       

      (xv) at
        the
        time of origination, each Mortgaged Property was the subject of an appraisal
        which conforms to the Seller's underwriting requirements, and a complete
        copy of
        such appraisal is contained in the Mortgage File;

       

      (xvi) neither
        the Seller nor any servicer of the related Mortgage Loans has advanced funds
        or
        knowingly received any advance of funds by a party other than the Mortgagor,
        directly or indirectly, for the payment of any amount required by the Mortgage,
        except for (i) interest accruing from the date of the related Mortgage Note
        or
        date of disbursement of the Mortgage Loan proceeds, whichever is later, to
        the
        date which precedes by 30 days the first Due Date under the related Mortgage
        Note, and (ii) customary advances for insurance and taxes;

       

      (xvii) each
        Mortgage Note, the related Mortgage and other agreements executed in connection
        therewith are genuine, and each is the legal, valid and binding obligation
        of
        the maker thereof, enforceable in accordance with its terms except as such
        enforcement may be limited by bankruptcy, insolvency, reorganization or other
        similar laws affecting the enforcement of creditor's rights generally and
        by
        general equity principles (regardless of whether such enforcement is considered
        in a proceeding in equity or at law); and, to the best of Seller's knowledge,
        all parties to each Mortgage Note and the Mortgage had legal capacity to
        execute
        the Mortgage Note and the Mortgage and each Mortgage Note and Mortgage has
        been
        duly and properly executed by the Mortgagor;

       

      (xviii) to
        the
        extent required under applicable law, each conduit seller and subsequent
        mortgagee or servicer of the Mortgage Loans was authorized to transact and
        do
        business in the jurisdiction in which the related Mortgaged Property is located
        at all times when it held or serviced the Mortgage Loan; and any obligations
        of
        the holder of the related Mortgage Note, Mortgage and other loan documents
        have
        been complied with in all material respects; servicing of each Mortgage Loan
        has
        been in accordance with the servicing standard set forth in Section 3.01
        of the
        Pooling and Servicing Agreement and the terms of the Mortgage Notes, the
        Mortgage and other loan documents, whether the creation of such Mortgage
        Loan
        and servicing was done by the Seller, its affiliates, or any third party
        which
        created the Mortgage Loan on behalf of, or sold the Mortgage Loan to, any
        of
        them, or any servicing agent of any of the foregoing;

       

      (xix) the
        related Mortgage Note and Mortgage contain customary and enforceable provisions
        such as to render the rights and remedies of the holder adequate for the
        realization against the Mortgaged Property of the benefits of the security,
        including realization by judicial, or, if applicable, non judicial foreclosure,
        and, to Seller's knowledge, there is no homestead or other exemption available
        to the Mortgagor which would interfere with such right to
        foreclosure;

       

      (xx) except
        with respect to holdbacks required by certain Mortgage Loans which holdbacks
        create a fund for (i) the repair of Mortgaged Property due to damage from
        adverse weather conditions, or (ii) the completion of new construction, or
        both,
        the proceeds of the Mortgage Loans have been fully disbursed, there is no
        requirement for future advances thereunder and any and all requirements as
        to
        completion of any on site or off site improvements and as to disbursements
        of
        any escrow funds therefor have been complied with; and all costs, fees and
        expenses incurred in making, closing or recording the Mortgage Loan have
        been
        paid, except recording fees with respect to Mortgages not recorded as of
        the
        Closing Date;

       

      (xxi) as
        of the
        Closing Date, the improvements on each Mortgaged Property securing a Mortgage
        Loan is insured (by an insurer which is acceptable to the 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;

       

      (xxii) 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 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; no foreclosure action is threatened or has
        been
        commenced with respect to the Mortgage Loan;

       

      (xxiii) to
        Seller's knowledge, no Mortgagor, at the time of origination of the applicable
        Mortgage, was a debtor in any state or federal bankruptcy or insolvency
        proceeding;

       

      (xxiv) each
        Mortgage Loan was originated or funded by (a) a savings and loan association,
        savings bank, commercial bank, credit union, insurance company or similar
        institution which is supervised and examined by a federal or state authority
        (or
        originated by (i) a subsidiary of any of the foregoing institutions which
        subsidiary is actually supervised and examined by applicable regulatory
        authorities or (ii) a mortgage loan correspondent of any of the foregoing
        and
        that was originated pursuant to the criteria established by any of the
        foregoing) or (b) a mortgagee approved by the Secretary of Housing and Urban
        Development pursuant to sections 203 and 211 of the National Housing Act,
        as
        amended;

       

      (xxv) 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 and fire underwriting certificates, have been made or obtained
        from
        the appropriate authorities;

       

      (xxvi) to
        Seller's knowledge, the Mortgaged Property and all improvements thereon comply
        with all requirements of any applicable zoning and subdivision laws and
        ordinances;

       

      (xxvii) no
        instrument of release or waiver has been executed in connection with the
        Mortgage Loans, and no Mortgagor has been released, in whole or in part,
        except
        in connection with an assumption agreement which has been approved by the
        primary mortgage guaranty insurer, if any, and which has been delivered to
        the
        Trustee;

       

      (xxviii) [Reserved];

       

      (xxix) no
        Mortgage Loan was originated based on an appraisal of the related Mortgaged
        Property made prior to completion of construction of the improvements thereon
        unless a certificate of completion was obtained prior to closing of the Mortgage
        Loan;

       

      (xxx) each
        of
        the Mortgaged Properties consists of a single parcel of real property with
        a
        detached single family residence erected thereon, or a two to four family
        dwelling, or an individual condominium unit in a condominium project or a
        townhouse, a condohotel, an individual unit in a PUD or an individual unit
        in a
        de minimis PUD;

       

      (xxxi) no
        Mortgaged Property consists of a single parcel of real property with a
        cooperative housing development erected thereon. Any condominium unit, PUD
        or de
        minimis PUD conforms with Progressive Loan Series Program requirements regarding
        such dwellings or is covered by a waiver confirming that such condominium
        unit,
        PUD or de minimis PUD is acceptable to the Seller;

       

      (xxxii) 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);

       

      (xxxiii) with
        respect to each Mortgage Loan directly originated by the Seller (and not
        through
        a third party broker or other third party) as of the Closing Date, to the
        best
        of Seller's knowledge, there has been no fraud, misrepresentation or dishonesty
        with respect to the origination of any Mortgage Loan;

       

      (xliv) no
        selection procedure reasonably believed by the Seller to be adverse to the
        interests of the Certificateholders was utilized in selecting the Mortgage
        Loans;

       

      (xlv) no
        Mortgage Loan is subject to the Home Ownership and Equity Protection Act
        of 1994
        or any comparable state law;

       

      (xlvi) no
        proceeds from any Mortgage Loan were used to finance single premium credit
        insurance policies;

       

      (xlvii) no
        Mortgage Loan provides for payment of a Prepayment Charge on Principal
        Prepayments made more than five years from the date of the first contractual
        Due
        Date of the related Mortgage Loan;

       

      (xlviii) none
        of
        the Mortgage Loans is a “high cost home loan” as defined in the Georgia Fair
        Lending Act, as amended (the “Georgia Act”), the New York Predatory Lending Law,
        codified as N.Y. Banking Law §6 I, N.Y. Gen. Bus. Law §771 a, and N.Y. Real
        Prop. Acts Law §1302 (together, the “New York Act”), the Arkansas Home Loan
        Protection Act, as amended (the “Arkansas Act”), or Kentucky Revised Statutes
§360.100, as amended (the “Kentucky Act”); and all the Mortgage Loans that are
        subject to the Georgia Act, the New York Act, the Arkansas Act and the Kentucky
        Act comply with the requirements of each such act. Each Mortgage Loan for
        which
        the related Mortgaged Property is located in the State of Georgia was originated
        prior to October 1, 2002, or on or after March 9, 2003;

       

      (xlix) no
        mortgage loan in the trust 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);

       

      (l) no
        subprime mortgage loan originated on or after October 1, 2002 underlying
        the
        Security will impose a prepayment premium for a term in excess of three years.
        Any loans originated prior to such date, and any non subprime loans, will
        not
        impose prepayment penalties in excess of five years;

       

      (li) the
        servicer for each mortgage loan underlying the Security has fully furnished
        and
        will fully furnish, in accordance with the Fair Credit Reporting Act and
        its
        implementing regulations, accurate and complete information (i.e., favorable
        and
        unfavorable) on its borrower credit files to Equifax, Experian, and Trans
        Union
        Credit Information Company (three of the credit repositories), on a monthly
        basis;

       

      (lii) with
        respect to any mortgage loan originated on or after August 1, 2004 and
        underlying the Security, 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;

       

      (liii) No
        mortgage loan 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 5.6b Revised, Appendix E) and no mortgage loan originated on
        or
        after October 1, 2002 through March 6, 2003 is governed by the Georgia Fair
        Lending Act;

       

      (liv) Information
        provided to the rating agencies, including the loan level detail, is true
        and
        correct according to the rating agency requirements;

       

      (lv)
        The
        prepayment penalties included in the transaction are enforceable and were
        originated in compliance with all applicable federal, state and local laws;
        and

       

      (lvi)
        The
        schedule of Prepayment Charges is true and correct.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      EXHIBIT
        J

       

      FORM
        OF
        NOTICE UNDER SECTION 3.24 OF POOLING AND SERVICING AGREEMENT

       

      June
        ___,
        2006

      Deutsche
        Bank National Trust Company

      1761
        East
        St. Andrew Place

      Santa
        Ana, California 92705-4934

       

      
        	 	
                Re:

              	
                Impac
                  Secured Assets Corp.

                
                  Mortgage
                    Pass-Through Certificates

                  Series
                    2006-2                                          
                    

                

              

      

       

       

      Pursuant
        to Section 3.25 of the Pooling and Servicing Agreement, dated as of June
        1,
        2006, relating to the Certificates referenced above, the undersigned does
        hereby
        notify you that:

       

      (a) The
        prepayment assumption used in pricing the Certificates with respect to the
        Mortgage Loans in Series 2006-2 consisted of a Prepayment Assumption (the
        “Prepayment Assumption”) of ____% per annum.

       

      (b) With
        respect to each Class of Certificates comprising the captioned series, set
        forth
        below is (i), the first price, as a percentage of the Certificate Principal
        Balance or Notional Amount of each Class of Certificates, at which 10% of
        the
        aggregate Certificate Principal Balance or Notional Amount of each such Class
        of
        Certificates was first sold at a single price, if applicable, or (ii) if
        more
        than 10% of a Class of Certificates have been sold but no single price is
        paid
        for at least 10% of the aggregate Certificate Principal Balance or Notional
        Amount of such Class of Certificates, then the weighted average price at
        which
        the Certificates of such Class were sold expressed as a percentage of the
        Certificate Principal Balance or Notional Amount of such Class of Certificates,
        (iii) if less than 10% of the aggregate Certificate Principal Balance or
        Notional Amount of a Class of Certificates has been sold, the purchase price
        for
        each such Class of Certificates paid by [_____________] (the “Underwriter”),
        expressed as a percentage of the Certificate Principal Balance or Notional
        Amount of such Class of Certificates calculated by: (1) estimating the fair
        market value of each such Class of Certificates as of June 29, 2006; (2)
        adding
        such estimated fair market value to the aggregate purchase prices of each
        Class
        of Certificates described in clause (i) or (ii) above; (3) dividing each
        of the
        fair market values determined in clause (1) by the sum obtained in clause
        (2);
        (4) multiplying the quotient obtained for each Class of Certificates in clause
        (3) by the purchase price paid by the Underwriters for all the Certificates
        purchased by it; and (5) for each Class of Certificates, dividing the product
        obtained from such Class of Certificates in clause (4) by the initial
        Certificate Principal Balance or Notional Amount of such Class of Certificates
        or (iv) the fair market value (but not less than zero) as of the Closing
        Date of
        each Certificate of each Class of Certificates retained by the Company or
        an
        affiliate corporation, or delivered to the seller:

       

      Series
        2006-2

       

      Class
        1-A-1: ____%

       

      Class
        1-A-2: ____%

       

      Class
        1-A-3: ____%

       

      Class
        1-M-1: ____%

       

      Class
        1-M-2: ____%

       

      Class
        1-M-3: ____%

       

      Class
        1-M-4: ____%

       

      Class
        1-M-5: ____%

       

      Class
        1-M-6: ____%

       

      Class
        1-M-7: ____%

       

      Class
        1-M-8: ____%

       

      Class
        1-B:      ____%

       

      Class
        2-A:     ____%

       

      Class
        2-M-1: ____%

       

      Class
        2-M-2: ____%

       

      Class
        2-M-3: ____%

       

      Class
        2-B-1:  ____%

       

      Class
        2-B-2:  ____%

       

      Class
        C:         ____%

       

      Class
        P:         ____%

       

      Class
        R:         ____%

       

       

      The
        prices and values set forth above do not include accrued interest with respect
        to periods before the closing.

       

      

        
          	 	
                  IMPAC
                    SECURED ASSETS CORP.

                
	 	 	 
	 	
                  By:

                	 
	 	
                  Name:

                	 
	 	
                  Title:

                	 

        

        
 

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

      

       

      EXHIBIT
        K

       

      IMPAC
        SERVICING GUIDE

       

      (Provided
        Upon Request)

       

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      EXHIBIT
        L-1

       

      FORM
        CERTIFICATION TO BE PROVIDED BY THE MASTER SERVICER

       

      WITH
        FORM
        10-K

       

      
        	 	
                Re:

              	
                Impac
                  Secured Assets Corp.,

                
                  Mortgage
                    Pass-Through Certificates, Series
                    200_-_

                

              

      

       

       

      I,
        [identify the certifying individual], certify that:

      

      1.
        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 covered by this report on Form 10-K of [identify
        the issuing entity] (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.
        [I am
        responsible for reviewing the activities performed by the servicer(s) and
        based
        on my knowledge and the compliance review(s) conducted in preparing the servicer
        compliance statement(s) required in this report under Item 1123 of Regulation
        AB, and except as disclosed in the Exchange Act periodic reports, the
        servicer(s) [has/have] fulfilled [its/their] obligations under the servicing
        agreement(s); and] [Based on my knowledge and the servicer compliance
        statement(s) required in this report under Item 1123 of Regulation AB, and
        except as disclosed in the Exchange Act periodic reports, the servicer(s)
        [has/have] fulfilled [its/their] obligations under the servicing agreement(s);
        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 [name of servicer,
        sub-servicer, co-servicer, depositor or trustee].]

      

      Date:
        . .
        . . . . . . . . . . . . 

      _______________________

      [Signature]

      [Title]

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      EXHIBIT
        L-2

      
 

       

      FORM
        CERTIFICATION TO BE

      PROVIDED
        TO MASTER SERVICER BY THE TRUSTEE

       

      
        	 	
                Re:

              	
                Impac
                  Secured Assets Corp.,

                
                  Mortgage
                    Pass-Through Certificates, Series
                    2006-2

                

              

      

       

       

      I,
        [Identify the certifying individual], a [______________] of Deutsche Bank
        National Trust Company, as Trustee, hereby certify to Impac Funding Corporation
        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 8-K containing distribution reports filed in respect of periods
        included in the year covered by that annual report, of the Issuer relating
        to
        the above-referenced trust;

       

      2. Based
        on
        my knowledge, the information in these distribution reports prepared by the
        Trustee, 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 last day of the period covered by that annual report; and

       

      3. Based
        on
        my knowledge, the distribution information required to be provided by the
        Trustee under the Agreement is included in these distribution
        reports.

       

      Capitalized
        terms used but not defined herein have the meanings ascribed to them in the
        Pooling and Servicing Agreement, dated June 1, 2006 (the “Agreement”), among
        Impac Secured Assets Corp., as Company, Impac Funding Corporation, as Master
        Servicer, Deutsche Bank National Trust Company, as Trustee.

       

      

        
          	 	
                  DEUTSCHE
                    BANK NATIONAL TRUST COMPANY, as Trustee

                
	 	 	 
	 	
                  By:

                	 
	 	
                  Name:

                	 
	 	
                  Title:

                	 
	 	 	 
	 	
                  Date:

                	 

        

        
 

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

      

      
 

      EXHIBIT
        L-3

       

      FORM
        CERTIFICATION TO BE

      PROVIDED
        TO MASTER SERVICER BY THE TRUSTEE

       

      
        	 	
                Re:

              	
                Impac
                  Secured Assets Corp., 
                  Mortgage
                    Pass-Through Certificates, Series
                    2006-2

                

              

      

       

       

      I,
        [Identify the certifying individual], a [_________________] of Deutsche Bank
        National Trust Company, as Trustee, hereby certify to Impac Funding Corporation
        and its officers, directors and affiliates, and with the knowledge and intent
        that they will rely upon this certification, that:

       

      1. Based
        on
        my knowledge, the distribution information required to be provided by the
        Trustee under the Agreement is included in these distribution
        reports.

       

      Capitalized
        terms used but not defined herein have the meanings ascribed to them in the
        Pooling and Servicing Agreement, dated June 1, 2006 (the “Agreement”), among
        Impac Secured Assets Corp., as Company, Impac Funding Corporation, as Master
        Servicer and Deutsche Bank National Trust Company, as Trustee.

       

       

      

        
          	 	
                  DEUTSCHE
                    BANK NATIONAL TRUST COMPANY, as Trustee

                
	 	 	 
	 	
                  By:

                	 
	 	
                  Name:

                	 
	 	
                  Title:

                	 
	 	 	 
	 	
                  Date:

                	 

        

        

 

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

      

       

      EXHIBIT
        L-4

       

      FORM
        OF
        BACK-UP CERTIFICATION TO FORM 10-K CERTIFICATE

       

      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
        M

       

      FORM
        OF
        SWAP AGREEMENT

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
 

      EXHIBIT
        N

      

      SERVICING
        CRITERIA TO BE ADDRESSED

      IN
        ASSESSMENT OF COMPLIANCE

      (RMBS
        unless otherwise noted)

      

      

      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

              	
                Sub-Servicer

              	
                Master
                  Servicer

              	
                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.

              	
                To
                  the extent applicable

              	
                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.
                  

              	
                If
                  applicable

              	 	 
	
                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 Sub-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
                  Sub-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

              	
                X

              
	
                1122(d)(4)(ii)

              	
                Pool
                  assets and related documents are safeguarded as required by the
                  transaction agreements 

              	 	
                X

              	
                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 Sub-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
                  Sub-Servicer’s records regarding the pool assets agree with the
                  Sub-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

              	
                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

              	
                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

              	
                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 Sub-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 Sub-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 Sub-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

              	
                X

              

      

       

      
 

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      EXHIBIT
        O

      

      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 3.25. If the Trustee is indicated below as to any item, then the
        Trustee is primarily responsible for obtaining that information.

      

      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 Master 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 life, 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.

                 

                 

                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

              
	
                (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; Sub-Servicer

              
	
                (12)
                  Material breaches of pool asset representations or warranties or
                  transaction covenants.

              	
                Form
                  10-D report: Sub-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

                 

                 

                 

                 

                Form
                  10-D report: Depositor

              
	
                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

                Trustee

                Issuing
                  entity

                Master
                  Servicer

                Originator
                  

                Custodian

              	
                 

                 

                 

                Seller

                Depositor

                Trustee

                Trustee

                Depositor

                Master
                  Servicer

                Originator

                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)

              	
                 

                 

                 

                N/A

              
	
                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

              	
                 

                [TBD]

                [TBD]

                 

                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

              	
                Depositor

              
	
                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.

              	
                Depositor

              
	
                1.03

              	
                Bankruptcy
                  or Receivership

              	 
	
                Disclosure
                  is required regarding the bankruptcy or receivership, if known
                  to the
                  Depositor, Sub-Servicer or Trustee, with respect to any of the
                  following:
                  

                Sponsor
                  (Seller), Depositor, Sub-Servicer, Trustee, Swap Provider,
                  Custodian

              	
                Depositor/Sub-Servicer

              
	
                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 Master Servicer

              
	
                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

              	
                Depositor

              
	
                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

              	
                 

                [TBD]

                [TBD]

                Depositor

              
	
                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

                Master
                  Servicer

                Originator
                  

                Custodian

              	
                Seller

                Depositor

                Trustee

                Issuing
                  entity

                Master
                  Servicer

                Originator
                  

              
	
                Item
                  1119 - Affiliations and relationships between the following entities, or
                  their respective affiliates, that are material to
                  Certificateholders:

                Seller

                Depositor

                Trustee

                 

                 

                 

                 

                Issuing
                  entity

                Master
                  Servicer

                Originator
                  

                Custodian
                  

                Credit
                  Enhancer/Support Provider, if any

                Significant
                  Obligor, if any

              	
                 

                 

                Seller

                Depositor

                Trustee
                  (only with respect to affiliations with the sponsor, depositor
                  or issuing
                  entity)

                Issuing
                  entity

                Master
                  Servicer

                Originator
                  

                Depositor

                Depositor

              
	
                Item
                  1122 - Assessment of Compliance with Servicing
                  Criteria

              	
                Each
                  Party participating in the servicing function

              
	
                Item
                  1123 -Servicer Compliance Statement

              	
                Master
                  Servicer

              

      

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      EXHIBIT
        P

       

      ADDITIONAL
        DISCLOSURE NOTIFICATION

       

      Impac
        Secured Assets Corp.

      1401
        Dove
        Street

      Newport
        Beach, CA 92660

      Fax:
        (949) 475-3600

      E-mail:
        [___________]

      

      Deutsche
        Bank National Trust Company as Trustee 

      1761
        East
        St. Andrew Place

      Santa
        Ana, California 92705-4934

      Fax:
        (714) 214-6009

      E-mail:
        [__________]

      Attn:
        [__________________________] 

      [_______________________________]

       

      RE:
        **Additional Form [ ] Disclosure**Required

       

       

      Ladies
        and Gentlemen:

       

      In
        accordance with Section [3.16(a)(v)] of the Pooling and Servicing Agreement,
        dated as of June 1, 2006, among Impac Secured Assets Corp., as depositor,
        Impac
        Funding Corporation, as sponsor and as master servicer, and Deutsche Bank
        National Trust Company, 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: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 June 1, 2006

     

    ___________________________

     

    First
      Franklin Mortgage Loan Trust 2006-FF8

     

    Asset-Backed
      Certificates, Series 2006-FF8

     

     

    
      

      

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    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

            	
              [Reserved].

            
	
              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

            	
              [Reserved].

            
	
              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.

            
	 	 
	
              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

            	
              Third
                Party Rights.

            
	
              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-A-1 Certificates

            
	
              Exhibit
                A-2

            	
              Form
                of Class II-A-1 Certificates

            
	
              Exhibit
                A-3

            	
              Form
                of Class II-A-2 Certificates

            
	
              Exhibit
                A-4

            	
              Form
                of Class II-A-3 Certificates

            
	
              Exhibit
                A-5

            	
              Form
                of Class II-A-4 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 M-10 Certificates

            
	
              Exhibit
                A-16

            	
              Form
                of Class M-11 Certificates

            
	
              Exhibit
                A-17

            	
              Form
                of Class M-12 Certificates

            
	
              Exhibit
                A-18

            	
              Form
                of Class C Certificates

            
	
              Exhibit
                A-19

            	
              Form
                of Class P Certificates

            
	
              Exhibit
                A-20

            	
              Form
                of Class R Certificates

            
	
              Exhibit
                A-21

            	
              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

            	
              Form
                of Basis Risk Cap Agreement 

            
	
              Exhibit
                P

            	
              Form
                of Annual Statement as to Compliance

            
	
              Exhibit
                Q

            	
              Form
                of Interest Rate Swap Agreement

            
	
              Exhibit
                R

            	
              Form
                of Interest Rate Cap Agreement

            
	
              Exhibit
                S

            	
              Servicing
                Criteria

            
	
              Exhibit
                T

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

            
	
              Schedule
                I

            	
              Prepayment
                Charge Schedule

            

    

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    This
      Pooling and Servicing Agreement is dated as of June 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-A-1 Certificates, (ii) the Class
      II-A-1 Certificates, (iii) the Class II-A-2 Certificates, (iv) Class II-A-3
      Certificates, (v) the Class II-A-4 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 M-10
      Certificates, (xvi) the Class M-11 Certificates, (xvii) the Class M-12
      Certificates, (xviii) the Class C Certificates, (xix) the Class P Certificates,
      (xx) the Class R Certificates and (xxi) 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)

              	
                 

              	
                $

              	
                213,206,547.11

              	 	 	
                July
                  25, 2036

              	 
	
                I-1-A

              	 	 	
                Variable
                  (2)

              	
                 

              	
                $

              	
                14,773,892.51

              	 	 	
                July
                  25, 2036

              	 
	
                I-1-B

              	 	 	
                Variable
                  (2)

              	
                 

              	
                $

              	
                14,773,892.51

              	 	 	
                July
                  25, 2036

              	 
	
                I-2-A

              	 	 	
                Variable
                  (2)

              	
                 

              	
                $

              	
                14,078,364.01

              	 	 	
                July
                  25, 2036

              	 
	
                I-2-B

              	 	 	
                Variable
                  (2)

              	
                 

              	
                $

              	
                14,078,364.01

              	 	 	
                July
                  25, 2036

              	 
	
                I-3-A

              	 	 	
                Variable
                  (2)

              	
                 

              	
                $

              	
                13,415,861.84

              	 	 	
                July
                  25, 2036

              	 
	
                I-3-B

              	 	 	
                Variable
                  (2)

              	
                 

              	
                $

              	
                13,415,861.84

              	 	 	
                July
                  25, 2036

              	 
	
                I-4-A

              	 	 	
                Variable
                  (2)

              	
                 

              	
                $

              	
                12,784,807.40

              	 	 	
                July
                  25, 2036

              	 
	
                I-4-B

              	 	 	
                Variable
                  (2)

              	
                 

              	
                $

              	
                12,784,807.40

              	 	 	
                July
                  25, 2036

              	 
	
                I-5-A

              	 	 	
                Variable
                  (2)

              	
                 

              	
                $

              	
                12,183,697.93

              	 	 	
                July
                  25, 2036

              	 
	
                I-5-B

              	 	 	
                Variable
                  (2)

              	
                 

              	
                $

              	
                12,183,697.93

              	 	 	
                July
                  25, 2036

              	 
	
                I-6-A

              	 	 	
                Variable
                  (2)

              	
                 

              	
                $

              	
                11,615,159.48

              	 	 	
                July
                  25, 2036

              	 
	
                I-6-B

              	 	 	
                Variable
                  (2)

              	
                 

              	
                $

              	
                11,615,159.48

              	 	 	
                July
                  25, 2036

              	 
	
                I-7-A

              	 	 	
                Variable
                  (2)

              	
                 

              	
                $

              	
                11,068,811.46

              	 	 	
                July
                  25, 2036

              	 
	
                I-7-B

              	 	 	
                Variable
                  (2)

              	
                 

              	
                $

              	
                11,068,811.46

              	 	 	
                July
                  25, 2036

              	 
	
                I-8-A

              	 	 	
                Variable
                  (2)

              	
                 

              	
                $

              	
                10,608,995.90

              	 	 	
                July
                  25, 2036

              	 
	
                I-8-B

              	 	 	
                Variable
                  (2)

              	
                 

              	
                $

              	
                10,608,995.90

              	 	 	
                July
                  25, 2036

              	 
	
                I-9-A

              	 	 	
                Variable
                  (2)

              	
                 

              	
                $

              	
                10,187,312.28

              	 	 	
                July
                  25, 2036

              	 
	
                I-9-B

              	 	 	
                Variable
                  (2)

              	
                 

              	
                $

              	
                10,187,312.28

              	 	 	
                July
                  25, 2036

              	 
	
                I-10-A

              	 	 	
                Variable
                  (2)

              	
                 

              	
                $

              	
                9,667,018.60

              	 	 	
                July
                  25, 2036

              	 
	
                I-10-B

              	 	 	
                Variable
                  (2)

              	
                 

              	
                $

              	
                9,667,018.60

              	 	 	
                July
                  25, 2036

              	 
	
                I-11-A

              	 	 	
                Variable
                  (2)

              	
                 

              	
                $

              	
                15,316,070.05

              	 	 	
                July
                  25, 2036

              	 
	
                I-11-B

              	 	 	
                Variable
                  (2)

              	
                 

              	
                $

              	
                15,316,070.05

              	 	 	
                July
                  25, 2036

              	 
	
                I-12-A

              	 	 	
                Variable
                  (2)

              	
                 

              	
                $

              	
                118,006,623.29

              	 	 	
                July
                  25, 2036

              	 
	
                I-12-B

              	 	 	
                Variable
                  (2)

              	
                 

              	
                $

              	
                118,006,623.29

              	 	 	
                July
                  25, 2036

              	 
	
                I-13-A

              	 	 	
                Variable
                  (2)

              	
                 

              	
                $

              	
                6,150,513.56

              	 	 	
                July
                  25, 2036

              	 
	
                I-13-B

              	 	 	
                Variable
                  (2)

              	
                 

              	
                $

              	
                6,150,513.56

              	 	 	
                July
                  25, 2036

              	 
	
                I-14-A

              	 	 	
                Variable
                  (2)

              	
                 

              	
                $

              	
                5,251,235.97

              	 	 	
                July
                  25, 2036

              	 
	
                I-14-B

              	 	 	
                Variable
                  (2)

              	
                 

              	
                $

              	
                5,251,235.97

              	 	 	
                July
                  25, 2036

              	 
	
                I-15-A

              	 	 	
                Variable
                  (2)

              	
                 

              	
                $

              	
                4,318,448.88

              	 	 	
                July
                  25, 2036

              	 
	
                I-15-B

              	 	 	
                Variable
                  (2)

              	
                 

              	
                $

              	
                4,318,448.88

              	 	 	
                July
                  25, 2036

              	 
	
                I-16-A

              	 	 	
                Variable
                  (2)

              	
                 

              	
                $

              	
                2,096,660.00

              	 	 	
                July
                  25, 2036

              	 
	
                I-16-B

              	 	 	
                Variable
                  (2)

              	
                 

              	
                $

              	
                2,096,660.00

              	 	 	
                July
                  25, 2036

              	 
	
                I-17-A

              	 	 	
                Variable
                  (2)

              	
                 

              	
                $

              	
                1,998,200.13

              	 	 	
                July
                  25, 2036

              	 
	
                I-17-B

              	 	 	
                Variable
                  (2)

              	
                 

              	
                $

              	
                1,998,200.13

              	 	 	
                July
                  25, 2036

              	 
	
                I-18-A

              	 	 	
                Variable
                  (2)

              	
                 

              	
                $

              	
                1,904,688.16

              	 	 	
                July
                  25, 2036

              	 
	
                I-18-B

              	 	 	
                Variable
                  (2)

              	
                 

              	
                $

              	
                1,904,688.16

              	 	 	
                July
                  25, 2036

              	 
	
                I-19-A

              	 	 	
                Variable
                  (2)

              	
                 

              	
                $

              	
                1,815,860.54

              	 	 	
                July
                  25, 2036

              	 
	
                I-19-B

              	 	 	
                Variable
                  (2)

              	
                 

              	
                $

              	
                1,815,860.54

              	 	 	
                July
                  25, 2036

              	 
	
                I-20-A

              	 	 	
                Variable
                  (2)

              	
                 

              	
                $

              	
                1,731,468.40

              	 	 	
                July
                  25, 2036

              	 
	
                I-20-B

              	 	 	
                Variable
                  (2)

              	
                 

              	
                $

              	
                1,731,468.40

              	 	 	
                July
                  25, 2036

              	 
	
                I-21-A

              	 	 	
                Variable
                  (2)

              	
                 

              	
                $

              	
                1,651,276.68

              	 	 	
                July
                  25, 2036

              	 
	
                I-21-B

              	 	 	
                Variable
                  (2)

              	
                 

              	
                $

              	
                1,651,276.68

              	 	 	
                July
                  25, 2036

              	 
	
                I-22-A

              	 	 	
                Variable
                  (2)

              	
                 

              	
                $

              	
                1,575,063.40

              	 	 	
                July
                  25, 2036

              	 
	
                I-22-B

              	 	 	
                Variable
                  (2)

              	
                 

              	
                $

              	
                1,575,063.40

              	 	 	
                July
                  25, 2036

              	 
	
                I-23-A

              	 	 	
                Variable
                  (2)

              	
                 

              	
                $

              	
                2,293,131.48

              	 	 	
                July
                  25, 2036

              	 
	
                I-23-B

              	 	 	
                Variable
                  (2)

              	
                 

              	
                $

              	
                2,293,131.48

              	 	 	
                July
                  25, 2036

              	 
	
                I-24-A

              	 	 	
                Variable
                  (2)

              	
                 

              	
                $

              	
                8,907,900.68

              	 	 	
                July
                  25, 2036

              	 
	
                I-24-B

              	 	 	
                Variable
                  (2)

              	
                 

              	
                $

              	
                8,907,900.68

              	 	 	
                July
                  25, 2036

              	 
	
                I-25-A

              	 	 	
                Variable
                  (2)

              	
                 

              	
                $

              	
                867,855.90

              	 	 	
                July
                  25, 2036

              	 
	
                I-25-B

              	 	 	
                Variable
                  (2)

              	
                 

              	
                $

              	
                867,855.90

              	 	 	
                July
                  25, 2036

              	 
	
                I-26-A

              	 	 	
                Variable
                  (2)

              	
                 

              	
                $

              	
                835,847.40

              	 	 	
                July
                  25, 2036

              	 
	
                I-26-B

              	 	 	
                Variable
                  (2)

              	
                 

              	
                $

              	
                835,847.40

              	 	 	
                July
                  25, 2036

              	 
	
                I-27-A

              	 	 	
                Variable
                  (2)

              	
                 

              	
                $

              	
                805,047.56

              	 	 	
                July
                  25, 2036

              	 
	
                I-27-B

              	 	 	
                Variable
                  (2)

              	
                 

              	
                $

              	
                805,047.56

              	 	 	
                July
                  25, 2036

              	 
	
                I-28-A

              	 	 	
                Variable
                  (2)

              	
                 

              	
                $

              	
                775,408.98

              	 	 	
                July
                  25, 2036

              	 
	
                I-28-B

              	 	 	
                Variable
                  (2)

              	
                 

              	
                $

              	
                775,408.98

              	 	 	
                July
                  25, 2036

              	 
	
                I-29-A

              	 	 	
                Variable
                  (2)

              	
                 

              	
                $

              	
                746,886.25

              	 	 	
                July
                  25, 2036

              	 
	
                I-29-B

              	 	 	
                Variable
                  (2)

              	
                 

              	
                $

              	
                746,886.25

              	 	 	
                July
                  25, 2036

              	 
	
                I-30-A

              	 	 	
                Variable
                  (2)

              	
                 

              	
                $

              	
                719,435.79

              	 	 	
                July
                  25, 2036

              	 
	
                I-30-B

              	 	 	
                Variable
                  (2)

              	
                 

              	
                $

              	
                719,435.79

              	 	 	
                July
                  25, 2036

              	 
	
                I-31-A

              	 	 	
                Variable
                  (2)

              	
                 

              	
                $

              	
                693,015.84

              	 	 	
                July
                  25, 2036

              	 
	
                I-31-B

              	 	 	
                Variable
                  (2)

              	
                 

              	
                $

              	
                693,015.84

              	 	 	
                July
                  25, 2036

              	 
	
                I-32-A

              	 	 	
                Variable
                  (2)

              	
                 

              	
                $

              	
                18,384,428.29

              	 	 	
                July
                  25, 2036

              	 
	
                I-32-B

              	 	 	
                Variable
                  (2)

              	
                 

              	
                $

              	
                18,384,428.29

              	 	 	
                July
                  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 I 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 represent the sole class of “residual interests” in
      REMIC 2 for purposes of the REMIC Provisions under federal 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)

            	 $	
              830,711,135.77

            	
              July
                25, 2036

            
	
              LTIA1

            	
              Variable(2)

            	
              $

            	
              2,435,590.00

            	
              July
                25, 2036

            
	
              LTIIA1

            	
              Variable(2)

            	$	
              1,969,360.00

            	
              July
                25, 2036

            
	
              LTIIA2

            	
              Variable(2)

            	$	
              1,005,200.00

            	
              July
                25, 2036

            
	
              LTIIA3

            	
              Variable(2)

            	$	
              967,000.00

            	
              July
                25, 2036

            
	
              LTIIA4

            	
              Variable(2)

            	$	
              319,400.00

            	
              July
                25, 2036

            
	
              LTM1

            	
              Variable(2)

            	$	
              322,110.00

            	
              July
                25, 2036

            
	
              LTM2

            	
              Variable(2)

            	$	
              288,210.00

            	
              July
                25, 2036

            
	
              LTM3

            	
              Variable(2)

            	$	
              173,770.00

            	
              July
                25, 2036

            
	
              LTM4

            	
              Variable(2)

            	$	
              156,820.00

            	
              July
                25, 2036

            
	
              LTM5

            	
              Variable(2)

            	$	
              148,340.00

            	
              July
                25, 2036

            
	
              LTM6

            	
              Variable(2)

            	$	
              139,860.00

            	
              July
                25, 2036

            
	
              LTM7

            	
              Variable(2)

            	$	
              118,670.00

            	
              July
                25, 2036

            
	
              LTM8

            	
              Variable(2)

            	$	
              110,200.00

            	
              July
                25, 2036

            
	
              LTM9

            	
              Variable(2)

            	$	
              59,340.00

            	
              July
                25, 2036

            
	
              LTM10

            	
              Variable(2)

            	$	
              84,770.00

            	
              July
                25, 2036

            
	
              LTM11

            	
              Variable(2)

            	$	
              55,100.00

            	
              July
                25, 2036

            
	
              LTM12

            	
              Variable(2)

            	$	
              46,620.00

            	
              July
                25, 2036

            
	
              LTZZ

            	
              Variable(2)

            	$	
              8,552,928.49

            	
              July
                25, 2036

            
	
              LTP

            	
              Variable(2)

            	$	
              100.00

            	
              July
                25, 2036

            
	
              LTIO

            	
              Variable(2) 

            	 	
              (3)

            	
              July
                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-A-1

            	
              $

            	
              243,559,000.00

            	
              Variable(2)

            	
              July
                25, 2036

            
	
              Class
                II-A-1

            	
              $

            	
              196,936,000.00

            	
              Variable(2)

            	
              July
                25, 2036

            
	
              Class
                II-A-2

            	
               $

            	
              100,520,000.00

            	
              Variable(2)

            	
              July
                25, 2036

            
	
              Class
                II-A-3

            	
               $

            	
              96,700,000.00

            	
              Variable(2)

            	
              July
                25, 2036

            
	
              Class
                II-A-4

            	
               $

            	
              31,940,000.00

            	
              Variable(2)

            	
              July
                25, 2036

            
	
              Class
                M-1

            	
               $

            	
              32,211,000.00

            	
              Variable(2)

            	
              July
                25, 2036

            
	
              Class
                M-2

            	
               $

            	
              28,821,000.00

            	
              Variable(2)

            	
              July
                25, 2036

            
	
              Class
                M-3

            	
               $

            	
              17,377,000.00

            	
              Variable(2)

            	
              July
                25, 2036

            
	
              Class
                M-4

            	
               $

            	
              15,682,000.00

            	
              Variable(2)

            	
              July
                25, 2036

            
	
              Class
                M-5

            	
              $

            	
              14,834,000.00

            	
              Variable(2)

            	
              July
                25, 2036

            
	
              Class
                M-6

            	
              $

            	
              13,986,000.00

            	
              Variable(2)

            	
              July
                25, 2036

            
	
              Class
                M-7

            	
              $

            	
              11,867,000.00

            	
              Variable(2)

            	
              July
                25, 2036

            
	
              Class
                M-8

            	
              $

            	
              11,020,000.00

            	
              Variable(2)

            	
              July
                25, 2036

            
	
              Class
                M-9

            	
              $

            	
              5,934,000.00

            	
              Variable(2)

            	
              July
                25, 2036

            
	
              Class
                M-10

            	
              $

            	
              8,477,000.00

            	
              Variable(2)

            	
              July
                25, 2036

            
	
              Class
                M-11

            	
              $

            	
              5,510,000.00

            	
              Variable(2)

            	
              July
                25, 2036

            
	
              Class
                M-12

            	
              $

            	
              4,662,000.00

            	
              Variable(2)

            	
              July
                25, 2036

            
	
              Class
                C Interest

            	
              $

            	
              7,628,424.25

            	
              Variable(4)

            	
              July
                25, 2036

            
	
              Class
                P Interest

            	
              $

            	
              100.00

            	
              Variable(5)

            	
              July
                25, 2036

            
	
              Class
                IO Interest

            	 	
              (6)

            	
              (7)

            	
              July
                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 of the 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

            	 	
              $

            	
              7,628,424.25

            	 	 	
              Variable(2)

            	
               

            	 	
              July
                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

            	 	
              $

            	
              100.00

            	 	 	
              Variable(2)

            	
               

            	 	
              July
                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.

     

    
      	
              Class
                Designation

            	
              Original
                Class Certificate

              Principal
                Balance

            	
              Pass-Through
                Rate

            	
              Latest
                Possible

              Maturity
                Date(1)

            
	
              SWAP
                IO

            	
              N/A

            	
              Variable(2)

            	
              July
                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.

     

    “1933
      Act”: The Securities Act of 1933, as amended.

     

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

     

    “Accrual
      Period”: With respect to the Class C Certificates and each Distribution Date,
      the calendar month prior to the month of such Distribution Date. 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.

     

    “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).

     

    “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 between the Trustee and the
      counterparty thereunder, a form of which is attached hereto as Exhibit
      O.

     

    “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.

     

    “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 Class A and
      Mezzanine 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 June 29, 2006,
      between the Trustee and the Cap Trustee, a form of which is attached hereto
      as
      Exhibit B.

     

    “Cap
      Provider”: Lehman Brothers Special Financing Inc.

     

    “Cap
      Trustee”: Deustsche 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-A-1

            	
              LTIA1

            	
              0.140%

            	
              0.280%

            
	
              II-A-1

            	
              LTIIA1

            	
              0.030%

            	
              0.060%

            
	
              II-A-2

            	
              LTIIA2

            	
              0.090%

            	
              0.180%

            
	
              II-A-3

            	
              LTIIA3

            	
              0.150%

            	
              0.300%

            
	
              II-A-4

            	
              LTIIA4

            	
              0.230%

            	
              0.460%

            
	
              M-1

            	
              LTM1

            	
              0.250%

            	
              0.375%

            
	
              M-2

            	
              LTM2

            	
              0.280%

            	
              0.420%

            
	
              M-3

            	
              LTM3

            	
              0.310%

            	
              0.465%

            
	
              M-4

            	
              LTM4

            	
              0.340%

            	
              0.510%

            
	
              M-5

            	
              LTM5

            	
              0.370%

            	
              0.555%

            
	
              M-6

            	
              LTM6

            	
              0.450%

            	
              0.675%

            
	
              M-7

            	
              LTM7

            	
              0.880%

            	
              1.320%

            
	
              M-8

            	
              LTM8

            	
              1.000%

            	
              1.500%

            
	
              M-9

            	
              LTM9

            	
              1.850%

            	
              2.775%

            
	
              M-10

            	
              LTM10

            	
              2.000%

            	
              3.000%

            
	
              M-11

            	
              LTM11

            	
              2.000%

            	
              3.000%

            
	
              M-12

            	
              LTM12

            	
              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 Class A and Mezzanine
      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-A-1 Certificate, Class II-A-1 Certificate, Class
      II-A-2 Certificate, Class II-A-3 Certificate or Class II-A-4 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-18, 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.

     

    “Class
      I-A-1 Certificate”: Any one of the Class I-A-1 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-A-1 Certificate”: Any one of the Class II-A-1 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-A-2 Certificate”: Any one of the Class II-A-2 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-A-3 Certificate”: Any one of the Class II-A-3 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-A-4 Certificate”: Any one of the Class II-A-4 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) 80.20% 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) 83.70% 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-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) 87.00% 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-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) 89.80% 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) 92.40% 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) 93.80% 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-10 Certificate”: Any one of the Class M-10 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 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-10 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 Sequential
      Class M 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), (x) the Certificate Principal Balance of the Class M-9 Certificates
      (after taking into account the distribution of the Class M-9 Principal
      Distribution Amount on such Distribution Date) and (xi) the Certificate
      Principal Balance of the Class M-10 Certificates immediately prior to such
      Distribution Date over (y) the lesser of (A) the product of (i) 95.80% 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-11 Certificate”: Any one of the Class M-11 Certificates executed by the
      Trustee, and authenticated and delivered by the Certificate Registrar,
      substantially in the form annexed hereto as Exhibit A-16, 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-11 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 Sequential
      Class M 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), (x) the Certificate Principal Balance of the Class M-9 Certificates
      (after taking into account the distribution of the Class M-8 Principal
      Distribution Amount on such Distribution Date), (xi) the Certificate Principal
      Balance of the Class M-10 Certificates (after taking into account the
      distribution of the Class M-10 Principal Distribution Amount on such
      Distribution Date) and (xii) the Certificate Principal Balance of the Class
      M-11
      Certificates immediately prior to such Distribution Date over (y) the lesser
      of
      (A) the product of (i) 97.10% 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-12 Certificate”: Any one of the Class M-11 Certificates executed by the
      Trustee, and authenticated and delivered by the Certificate Registrar,
      substantially in the form annexed hereto as Exhibit A-17, 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-12 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 Sequential
      Class M 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), (x) the Certificate Principal Balance of the Class M-9 Certificates
      (after taking into account the distribution of the Class M-8 Principal
      Distribution Amount on such Distribution Date), (xi) the Certificate Principal
      Balance of the Class M-10 Certificates (after taking into account the
      distribution of the Class M-10 Principal Distribution Amount on such
      Distribution Date), (xii) the Certificate Principal Balance of the Class M-11
      Certificates (after taking into account the distribution of the Class M-11
      Principal Distribution Amount on such Distribution Date), (xiii) the Certificate
      Principal Balance of the Class M-12 Certificates immediately prior to such
      Distribution Date over (y) the lesser of (A) the product of (i) 98.20% 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-19, 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-20 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”: June 29, 2006.

     

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

     

    “Collection
      Account”: The account or accounts created and maintained by the Servicer
      pursuant to Section 3.10(a), which shall be entitled “Deutsche Bank National
      Trust Company, as Trustee, in trust for registered Holders of First Franklin
      Mortgage Loan Trust 2006-FF8, Asset-Backed Certificates, Series 2006-FF8,” 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-GC06Z8, 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-A-1

            
	
              LTIIA1

            	
              Class
                II-A-1

            
	
              LTIIA2

            	
              Class
                II-A-2

            
	
              LTIIA3

            	
              Class
                II-A-3

            
	
              LTIIA4

            	
              Class
                II-A-4

            
	
              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

            
	
              LTM10

            	
              Class
                M-10

            
	
              LTM11

            	
              Class
                M-11

            
	
              LTM12

            	
              Class
                M-12

            
	
              LTP

            	
              Class
                P

            

    

    

    “Credit
      Risk Management Agreement”: The Credit Risk Management Agreement, dated June 29,
      2006, between the Servicer and the Credit Risk Manager.

     

    “Credit
      Risk Manager”: Clayton Fixed Income Services Inc., formerly known as The
      Murrayhill Company, 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 0.0125% 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 June 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, June 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.

     

    “DBRS”:
      Dominion Bond Ratings Service, Inc.

     

    “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 the 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 entitled “Distribution Account,
      Deutsche Bank National Trust Company, as Trustee, in trust for the registered
      Certificateholders of First Franklin Mortgage Loan Trust 2006-FF8, Asset-Backed
      Certificates, Series 2006-FF8” 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 July 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.

     

    “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.

     

    “Excess
      Overcollateralized Amount”: With respect to the Class A and Mezzanine
      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 Base Calculation 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-A-1 Certificates.

     

    “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 $308,302,748.65.

     

    “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 and (ii)(a) the Extra Principal Distribution Amount for such Distribution
      Date multiplied by (b) the Group I Allocation Percentage.

     

    “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 prior calendar month 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 prior calendar month, (v) the principal
      portion of any related Substitution Adjustments deposited in the Collection
      Account during the prior calendar month 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) 58.00% 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-A-1 Certificate, Class II-A-2 Certificate, Class
      II-A-3 Certificate or Class II-A-4 Certificate.

     

    “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 $539,361,775.60.

     

    “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 and (ii)(a) the Extra Principal Distribution Amount for such Distribution
      Date multiplied by (b) the Group II Allocation Percentage.

     

    “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 prior calendar month
      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 prior calendar month, (v) the principal
      portion of any related Substitution Adjustments deposited in the Collection
      Account during the prior calendar month 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, Class M-10, Class M-11, Class M-12
      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 Class A and Mezzanine Certificates and
      each Accrual Period, the second LIBOR Business Day preceding the commencement
      of
      such Accrual Period.

     

    “Interest
      Risk Cap Agreement”: The Interest Risk Cap Agreement between the Trustee and the
      counterparty thereunder, a form of which is attached hereto as Exhibit
      R.

     

    “Interest
      Rate Swap Agreement”: The 1992 ISDA Master Agreement (Multicurrency-Cross
      Border) dated as of June 19, 2006 (together with the confirmation, the credit
      support annex and the schedule thereto, the Master Agreement) between the Swap
      Provider and the Trustee (in its capacity as Supplemental Interest Trust
      Trustee).

     

    “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.

     

    “Maximum
      Cap Rate”: For any Distribution Date and any Class of the Floating Rate
      Certificates, a per annum rate (which rate shall be multiplied by 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) equal to the sum of (i) the
      weighted average of the Adjusted Net Maximum Mortgage Rates of the Mortgage
      Loans and (ii) an amount, expressed as a percentage, equal to a fraction, the
      numerator of which is equal to the Net Swap Payment made by the Swap Provider
      and the denominator of which is equal to the aggregate Stated Principal Balance
      of the Mortgage Loans, multiplied by 12 minus (a) an amount, expressed as a
      percentage, equal to the product of (i) the Net Swap Payment, if any, paid
      by
      the Trust for such Distribution Date divided by the aggregate Stated Principal
      Balance of the Mortgage Loans and (ii) 12 and (b) an amount, expressed as a
      percentage, equal to the product of (x) the Swap Termination Payment, if any,
      due from the Trust (other than any Swap Termination Payment resulting from a
      Swap Provider Trigger Event) for such Distribution Date divided by the aggregate
      Stated Principal Balance of the Mortgage Loans and (y) 12.

     

    “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, Class M-9
      Certificate, Class M-10 Certificate, Class M-11 Certificate or Class M-12
      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 Class A
      Certificates, Mezzanine 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 June
      6, 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 related 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
      Class A and Mezzanine 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”: For any Distribution Date with respect to any Class of Class A or
      Mezzanine Certificates, a per annum rate (which rate, in the case of the
      Floating Rate Certificates, shall be multiplied by 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) equal to the weighted average of the Adjusted Net
      Mortgage Rates of the Mortgage Loans, weighted based on their outstanding Stated
      Principal Balances as of the first day of the calendar month preceding the
      month
      in which the Distribution Date occurs minus (i) an amount, expressed as a
      percentage, equal to the product of (x) the Net Swap Payment, if any, paid
      by
      the Trust for such Distribution Date divided by the aggregate Stated Principal
      Balance of the Mortgage Loans and (y) 12 and (ii) an amount, expressed as a
      percentage, equal to the product of (x) the Swap Termination Payment, if any,
      due from the Trust (other than any Swap Termination Payment resulting from
      a
      Swap Provider Trigger Event) for such Distribution Date divided by the aggregate
      Stated Principal Balance of the Mortgage Loans, and (y) 12. For federal income
      tax purposes, the equivalent of the foregoing shall be expressed as a per annum
      rate (which rate, in the case of the Floating Rate Certificates, shall be
      multiplied by 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) 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 Class A or Mezzanine
      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 Class A Certificates and the Mezzanine 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 Class A Certificates,
      the Mezzanine Certificates, the Class C Certificates, the Class C Interest,
      the
      Class IO Interest, REMIC 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 of Indiana.

     

    “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, $1,541,513.74. With respect to
      the Group II Certificates, $2,696,808.88. With respect to the Mezzanine
      Certificates, $4,238,322.62.

     

    “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 0.90% of the aggregate Stated Principal Balance of
      the
      Mortgage Loans as of the Cut-off Date and (y) on or after the Stepdown Date
      provided a Trigger Event is not in effect, the greater of (A) 1.80% 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 Class A and
      Mezzanine 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 sum of the aggregate Certificate Principal Balance of the Class A
      and
      Mezzanine 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, LTM10, LTM11, LTM12 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:

     

    (viii) the
      Mortgage Loan identifying number;

     

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

     

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

     

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

     

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

     

    (xiii) 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 June 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 June 6, 2006 relating to
      the public offering of the Class A Certificates and the Mezzanine Certificates
      (other than the Class M-12 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 Class A Certificates, Mezzanine 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 or any similar state or local laws, 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 Principal Balance of such Mortgage
      Loan at the Mortgage Rate for such Mortgage Loan before giving effect to the
      application of the Relief Act or such state or local laws.

     

    “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, REMIC 1 specifically excludes 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
      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, REMIC 2 Regular
      Interest LTM9, REMIC 2 Regular Interest LTM10, REMIC 2 Regular Interest LTM11
      and REMIC 2 Regular Interest LTM12 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, REMIC 2 Regular Interest LTM9,
      REMIC 2 Regular Interest LTM10, REMIC 2 Regular Interest LTM11, REMIC 2 Regular
      Interest LTM12 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 LTM10,
      REMIC 2 Regular Interest LTM11 and REMIC 2 Regular Interest LTM12 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 LTM10, REMIC 2 Regular Interest LTM11,
      REMIC 2 Regular Interest LTM12, 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 or REMIC 5 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) 76.50% 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 3.22(b) 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
      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 on which the aggregate
      Certificate Principal Balance of the Class A Certificates have been reduced
      to
      zero and (ii) the later to occur of (x) the Distribution Date occurring in
      July
      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 42.00%.

     

    “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”: An 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”: Deustsche 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
      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”: Lehman Brothers Special Financing Inc.

     

    “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.

     

    “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
      38.10% 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”):

     

    
      	
              Distribution
                Date Occurring In

            	
              Percentage

            
	
              July
                2008 through June 2009

            	
              1.40%
                initially, plus 1/12th
                of
                1.70% for each month thereafter

            
	
              July
                2009 through June 2010

            	
              3.10%
                initially, plus 1/12th
                of
                1.80% for each month thereafter

            
	
              July
                2010 through June 2011

            	
              4.90%
                initially, plus 1/12th
                of
                1.45% for each month thereafter

            
	
              July
                2011 through June 2012

            	
              6.35%
                initially, plus 1/12th
                of
                0.40% for each month thereafter

            
	
              July
                2012 and thereafter

            	
              6.75%

            

    

    

    “Trust”:
      First Franklin Mortgage Loan Trust 2006-FF8, 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 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 12th

            	
              I-1-A
                through I-32-A

            
	
              13

            	
              I-2-A
                through I-32-A

            
	
              14

            	
              I-3-A
                through I-32-A

            
	
              15

            	
              I-4-A
                through I-32-A

            
	
              16

            	
              I-5-A
                through I-32-A

            
	
              17

            	
              I-6-A
                through I-32-A

            
	
              18

            	
              I-7-A
                through I-32-A

            
	
              19

            	
              I-8-A
                through I-32-A

            
	
              20

            	
              I-9-A
                through I-32-A

            
	
              21

            	
              I-10-A
                through I-32-A

            
	
              22

            	
              I-11-A
                through I-32-A

            
	
              23

            	
              I-12-A
                through I-32-A

            
	
              24

            	
              I-13-A
                through I-32-A

            
	
              25

            	
              I-14-A
                through I-32-A

            
	
              26

            	
              I-15-A
                through I-32-A

            
	
              27

            	
              I-16-A
                through I-32-A

            
	
              28

            	
              I-17-A
                through I-32-A

            
	
              29

            	
              I-18-A
                through I-32-A

            
	
              30

            	
              I-19-A
                through I-32-A

            
	
              31

            	
              I-20-A
                through I-32-A

            
	
              32

            	
              I-21-A
                through I-32-A

            
	
              33

            	
              I-22-A
                through I-32-A

            
	
              34

            	
              I-23-A
                through I-32-A

            
	
              35

            	
              I-24-A
                through I-32-A

            
	
              36

            	
              I-25-A
                through I-32-A

            
	
              37

            	
              I-26-A
                through I-32-A

            
	
              38

            	
              I-27-A
                through I-32-A

            
	
              39

            	
              I-28-A
                through I-32-A

            
	
              40

            	
              I-29-A
                through I-32-A

            
	
              41

            	
              I-30-A
                through I-32-A

            
	
              42

            	
              I-31-A
                and I-32-A

            
	
              43

            	
              I-32-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 Class A Certificates, the
      Mezzanine 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
      LTM10, REMIC 2 Regular Interest LTM11, REMIC 2 Regular Interest LTM12, 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 11th 

            	
              I-1-A
                through I-32-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              12

            	
              I-1-A
                through I-32-A

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

            
	
              13

            	
              I-2-A
                through I-32-A

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

            
	 	
              I-1-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              14

            	
              I-3-A
                through I-32-A

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

            
	 	
              I-1-A
                and I-2-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              15

            	
              I-4-A
                through I-32-A

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

            
	 	
              I-1-A
                through I-3-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              16

            	
              I-5-A
                through I-32-A

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

            
	 	
              I-1-A
                through I-4-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              17

            	
              I-6-A
                through I-32-A

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

            
	 	
              I-1-A
                through I-5-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              18

            	
              I-7-A
                through I-32-A

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

            
	 	
              I-1-A
                through I-6-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              19

            	
              I-8-A
                through I-32-A

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

            
	 	
              I-1-A
                through I-7-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              20

            	
              I-9-A
                through I-32-A

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

            
	 	
              I-1-A
                through I-8-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              21

            	
              I-10-A
                through I-32-A

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

            
	 	
              I-1-A
                through I-9-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              22

            	
              I-11-A
                through I-32-A

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

            
	 	
              I-1-A
                through I-10-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              23

            	
              I-12-A
                through I-32-A

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

            
	 	
              I-1-A
                through I-11-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              24

            	
              I-13-A
                through I-32-A

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

            
	 	
              I-1-A
                through I-12-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              25

            	
              I-14-A
                through I-32-A

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

            
	 	
              I-1-A
                through I-13-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              26

            	
              I-15-A
                through I-32-A

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

            
	 	
              I-1-A
                through I-14-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              27

            	
              I-16-A
                through I-32-A

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

            
	 	
              I-1-A
                through I-15-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              28

            	
              I-17-A
                through I-32-A

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

            
	 	
              I-1-A
                through I-16-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              29

            	
              I-18-A
                through I-32-A

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

            
	 	
              I-1-A
                through I-17-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              30

            	
              I-19-A
                through I-32-A

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

            
	 	
              I-1-A
                through I-18-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              31

            	
              I-20-A
                through I-32-A

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

            
	 	
              I-1-A
                through I-19-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              32

            	
              I-21-A
                through I-32-A

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

            
	 	
              I-1-A
                through I-20-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              33

            	
              I-22-A
                through I-32-A

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

            
	 	
              I-1-A
                through I-21-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              34

            	
              I-23-A
                through I-32-A

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

            
	 	
              I-1-A
                through I-22-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              35

            	
              I-24-A
                through I-32-A

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

            
	 	
              I-1-A
                through I-23-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              36

            	
              I-25-A
                through I-32-A

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

            
	 	
              I-1-A
                through I-24-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              37

            	
              I-26-A
                through I-32-A

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

            
	 	
              I-1-A
                through I-25-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              38

            	
              I-27-A
                through I-32-A

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

            
	 	
              I-1-A
                through I-26-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              39

            	
              I-28-A
                through I-32-A

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

            
	 	
              I-1-A
                through I-27-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              40

            	
              I-29-A
                through I-32-A

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

            
	 	
              I-1-A
                through I-28-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              41

            	
              I-30-A
                through I-32-A

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

            
	 	
              I-1-A
                through I-29-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              42

            	
              I-31-A
                and I-32-A

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

            
	 	
              I-1-A
                through I-30-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              43

            	
              I-32-A

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

            
	 	
              I-1-A
                through I-31-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              thereafter

            	
              I-1-A
                through I-32-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            

    

    

    With
      respect to REMIC 2 Regular Interest LTIO and (a) the first 11 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
      12th
      Distribution Date through the 43rd
      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 Class A or
      Mezzanine 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 lesser of (a)
      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 (b) the
      value thereof as determined by a review appraisal conducted by the Originator
      in
      the event any such review appraisal determines an appraised value ten percent
      or
      more lower than the value thereof as determined by the appraisal referred to
      in
      clause (i)(a) above and (ii) the purchase price paid for the related Mortgaged
      Property by the Mortgagor with the proceeds of the Mortgage Loan, provided,
      however, in the case of a Refinanced Mortgage Loan, such value of the Mortgaged
      Property is based solely upon the lesser of (1) the value determined by an
      appraisal made for the Originator of such Refinanced Mortgage Loan at the time
      of origination of such Refinanced Mortgage Loan by an appraiser who met the
      minimum requirements of Fannie Mae and Freddie Mac and (2) the value thereof
      as
      determined by a review appraisal conducted by the Originator in the event any
      such review appraisal determines an appraised value ten percent or more lower
      than the value thereof as determined by the appraisal referred to in clause
      (ii)(1) above.

     

    “Voting
      Rights”: The portion of the voting rights of all of the Certificates which is
      allocated to any Certificate. At all times the Class A and Mezzanine
      Certificates and the Class C Certificates shall have 98% of the Voting Rights
      (allocated among the Holders of the Class A Certificates, Mezzanine 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 Class A Certificates, Mezzanine 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 Class A and Mezzanine 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, REMIC 2
      Regular Interest LTM10, REMIC 2 Regular Interest LTM11, REMIC 2 Regular Interest
      LTM12 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 a MERS® loan, 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 a MERS loan;

     

    (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 or the Seller,
      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
      Depositor shall deliver or cause the Seller to deliver (by regular mail) to
      the
      Servicer copies of all trailing documents required to be included in the
      Mortgage File at the same time the originals or certified copies thereof are
      delivered to the Custodian, such documents including but not limited to the
      mortgagee policy of title insurance and any mortgage loan documents upon return
      from the recording office. Except as provided in Section 3.17, the Servicer
      shall not be responsible for any Custodian fees or other costs incurred in
      obtaining such documents or for any such costs it may incur in connection with
      performing its obligations pursuant to this Agreement.

     

    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.

     

    The
      Depositor hereby directs the Trustee to execute, deliver and perform its
      obligations under the Interest Rate Swap Agreement (in its capacity as
      Supplemental Interest Trust Trustee); the Basis Risk Cap Agreement (in its
      capacity as Trustee) and the Interest Rate Cap Agreement (in its capacity as
      Cap
      Trustee). The Depositor, the Servicer and the Holders of the Class A and
      Mezzanine Certificates by their acceptance of such Certificates acknowledge
      and
      agree that the Trustee shall execute, deliver and perform its obligations under
      the Interest Rate Swap Agreement (in its capacity as Supplemental Interest
      Trust
      Trustee), the Basis Risk Cap Agreement (in its capacity as Trustee) and the
      Interest Rate Cap Agreement (in its capacity as Cap Trustee) and shall do so
      solely in its capacity as Trustee, Cap Trustee or Supplemental Interest Trust
      Trustee, as the case may be, and not in its individual capacity. Every provision
      of this Agreement relating to the conduct or affecting the liability of or
      affording protection to the Trustee shall apply to the Trustee’s execution of
      the Interest Rate Swap Agreement, the Basis Risk Cap Agreement and the Interest
      Rate Cap Agreement and the performance of its duties and satisfaction of its
      obligations thereunder.

     

    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.

     

    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
      of Indiana. 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 [Reserved].

     

    
      	
            	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 Regular Interests
      (which are 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 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 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 for the benefit of the holders of the Class A Certificates,
      Mezzanine 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 Class A Certificates, Mezzanine 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 Class A Certificates, Mezzanine
      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 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 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 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) 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.

     

    (h) In
      exchange for the REMIC 2 Regular Interests and, concurrently with the assignment
      to the Trustee thereof, pursuant to the written request of the Depositor
      executed by an officer of the Depositor, the Trustee has executed, authenticated
      and delivered to or upon the order of the Depositor, the Regular Certificates
      (other than the Class C Certificates and Class P Certificates) in authorized
      denominations, which Certificates, together with the Class C Interests and
      Class
      P Interests and the Class R Certificates (in respect of the Class R-3 Interest),
      evidence the entire beneficial ownership interest in REMIC 3.

     

    (i) In
      exchange for the Class C Interest and, concurrently with the assignment to
      the
      Trustee thereof, pursuant to the written request of the Depositor executed
      by an
      officer of the Depositor, the Trustee has executed, authenticated and delivered
      to or upon the order of the Depositor, the Class C Certificates in authorized
      denominations, which Certificates, together with the Class R-X Certificates
      (in
      respect of the Class R-4 Interest), evidence the entire beneficial ownership
      interest in REMIC 4.

     

    (j) In
      exchange for the Class P Interest and, concurrently with the assignment to
      the
      Trustee thereof, pursuant to the written request of the Depositor executed
      by an
      officer of the Depositor, the Trustee has executed, authenticated and delivered
      to or upon the order of the Depositor, the Class P Certificates in authorized
      denominations, which Certificates, together with the Class R-X Certificates
      (in
      respect of the Class R-5 Interest), evidence the entire beneficial ownership
      interest in REMIC 5.

     

    (k) In
      exchange for REMIC 6 Regular Interest SWAP IO and, concurrently with the
      assignment to the Trustee thereof, pursuant to the written request of the
      Depositor executed by an officer of the Depositor, the Trustee has executed,
      authenticated and delivered to or upon the order of the Depositor, REMIC 6
      Regular Interest SWAP IO (which shall be uncertificated) in authorized
      denominations, which, together with the Class R-X Certificates (in respect
      of
      the Class R-6 Interest), evidence the entire beneficial ownership interest
      in
      REMIC 6.

     

    (l) Concurrently
      with (i) the assignment and delivery to the Trustee of REMIC 1 (including the
      Residual Interest therein represented by the Class R-1 Interest) and the
      acceptance by the Trustee thereof, pursuant to Section 2.01, Section 2.02 and
      Section 2.09(a), (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 Section 2.09(b), (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 Section 2.09(c), (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 Section 2.09(d), (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
      Section 2.09(e) 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 Section 2.09(f), 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 Class R Certificates (evidencing the Class R-1 Interest,
      the
      Class
      R-2 Interest
      and the
      Class R-3 Interest) and the Class R-X Certificates (evidencing the Class R-4
      Interest, the Class R-5 Interest and the Class R-6 Interest) in authorized
      denominations.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    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 supercede 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 supercede any other
      provision in this Agreement or any other agreement to the contrary.

     

    The
      Trustee 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”.
      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 and the Trustee 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 or
      the Trustee’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 [Reserved].

     

    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,
      the Class M-9 Certificates, the Class M-10 Certificates, the Class M-11
      Certificates and the Class M-12 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, the Class M-9 Certificates, the Class
      M-10 Certificates, the Class M-11 Certificates and the Class M-12 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;

     

    (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;

     

    (xvi) to
      the
      Holders of the Class M-10 Certificates, the Class M-10 Principal Distribution
      Amount until the Certificate Principal Balance thereof has been reduced to
      zero;

     

    (xvii) to
      the
      Holders of the Class M-11 Certificates, the Class M-11 Principal Distribution
      Amount until the Certificate Principal Balance thereof has been reduced to
      zero;
      and

     

    (xviii) to
      the
      Holders of the Class M-12 Certificates, the Class M-12 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-A-1
      Certificates has been reduced to zero; second, to the Holders of the Class
      II-A-2 Certificates, until the Certificate Principal Balance of the Class II-A-2
      Certificates has been reduced to zero; third,
      to
      the Holders of the Class II-A-3 Certificates, until the Certificate Principal
      Balance of the Class II-A-3 Certificates has been reduced to zero
      and
      fourth, to the Holders of the Class II-A-4 Certificates, until the Certificate
      Principal Balance of the Class II-A-4 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, Class M-9
      Certificates, Class M-10 Certificates, Class M-11 Certificates and Class M-12
      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 Class A and Mezzanine 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, the
      Class M-9 Certificates, the Class M-10 Certificates, the Class M-11 Certificates
      and the Class M-12 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, the Class M-9 Certificates, the Class M-10 Certificates, the
      Class
      M-11 Certificates and the Class M-12 Certificates in that order, the related
      Net
      WAC Rate Carryover Amount.

     

    (e) 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) to
      the
      Supplemental Interest Trust Trustee for payment to the Swap Provider, any Net
      Swap Payment owed to the Swap Provider pursuant to the Interest Rate Swap
      Agreement for such Distribution Date;

     

    (ii) to
      the
      Supplemental Interest Trust Trustee for payment 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;

     

    (iii) 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;

     

    (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, Class M-9, Class M-10, Class M-11 and Class M-12 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 and the Net Monthly Excess Cashflow;

     

    (v) 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);

     

    (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, Class M-9, Class M-10, Class M-11 and Class M-12 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
      after distribution of the Net Monthly Excess Cashflow;

     

    (vii) 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;
      

     

    (viii) 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 Class M-9, Class M-10, Class M-11 and Class M-12 Certificates,
      in
      that order, the related Net WAC Rate Carryover Amount, to the extent remaining
      undistributed after distributions are made from the Net WAC Rate Carryover
      Reserve Account; and

     

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

     

    (f) 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, Class M-9, Class M-10, Class M-11 and Class M-12 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, Class M-9, Class M-10, Class M-11 and Class M-12 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 Class M-9, Class M-10, Class M-11 and Class M-12 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.

     

    (g) 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.

     

    (h) 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.

     

    (i) 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.

     

    (j) 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
      Delinquency Percentage and the Realized Loss Percentage;

     

    (xii) 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;

     

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

     

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

     

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

     

    (xvi) 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;

     

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

     

    (xviii) whether
      the Stepdown Date or a Trigger Event has occurred;

     

    (xix) 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);

     

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

     

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

     

    (xxii) 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 and reported 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.

     

    (e) On
      each
      Distribution Date, the Trustee shall supply an electronic tape to Bloomberg
      Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets,
      Inc. on a monthly basis, and shall supply an electronic tape to Loan Performance
      and Intex Solutions in a format acceptable to Loan Performance and Intex
      Solutions on a monthly basis.

     

    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, who initially, shall be the 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-FF8, Asset-Backed
      Certificates, Series 2006-FF8.” 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 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
      distribution in accordance with Section 4.01(e) hereof and (ii) amounts received
      by the Supplemental Interest Trust Trustee from the Swap Provider, for
      distribution in accordance with Section 4.01(e) hereof. 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 and Class R 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) In
      connection with paragraph 7(i) of the credit support annex, upon the Swap
      Provider’s failure to post collateral with the Supplemental Interest Trust
      Trustee, the Supplemental Interest Trust Trustee (to the extent it has actual
      knowledge) shall provide, no later than the next Business Day after the date
      such collateral was required to be posted, to the Interest Rate Swap Provider
      a
      written notice of such failure.

     

    (g) 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.

     

    SECTION
      4.06 Tax
      Treatment of Swap Payments and Swap Termination Payments.

     

    For
      federal income tax purposes, each holder of a Class A and Mezzanine 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
      Class
      A and Mezzanine Certificates as follows: each Class A and Mezzanine 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 Class A or Mezzanine Certificate. 

     

    The
      REMIC
      regular interest corresponding to a Class A or Mezzanine 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 Base Calculation 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 Class A or Mezzanine Certificate may exceed the
      actual amount of distributions on such Certificate

     

    SECTION
      4.07 Commission
      Reporting.

     

    (a) The
      Trustee and the Servicer 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 the monthly statement to be
      furnished by the Trustee to the Certificateholders for such Distribution Date.
      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 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 Indenture 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-FF8 Asset-Backed
      Certificates, Series 2006-FF8” All amounts deposited in the Net WAC Rate
      Carryover Reserve Account shall be distributed to the Holders of the Class
      A and
      Mezzanine 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 Class A or Mezzanine 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 Class A and Mezzanine Certificates, and
      will distribute such amounts to the Holders of the Class A and Mezzanine
      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 Class A and Mezzanine 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 Class A and Mezzanine 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-32-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-32-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-32-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
      LTM10, REMIC 2 Regular Interest LTM11, REMIC 2 Regular Interest LTM12, 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,
      REMIC 2 Regular Interest LTM9, REMIC 2 Regular Interest LTM10, REMIC 2 Regular
      Interest LTM11 and REMIC 2 Regular Interest LTM12 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, REMIC 2 Regular
      Interest LTM9, REMIC 2 Regular Interest LTM10, REMIC 2 Regular Interest LTM11
      and REMIC 2 Regular Interest LTM12 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-12 Certificates, until the Certificate Principal Balance thereof has
      been reduced to zero; fifth, to the Class M-11 Certificates, until the
      Certificate Principal Balance thereof has been reduced to zero; sixth, to the
      Class M-10 Certificates, until the Certificate Principal Balance thereof has
      been reduced to zero; seventh, to the Class M-9 Certificates, until the
      Certificate Principal Balance thereof has been reduced to zero; eighth, to
      the
      Class M-8 Certificates, until the Certificate Principal Balance thereof has
      been
      reduced to zero; ninth, to the Class M-7 Certificates, until the Certificate
      Principal Balance thereof has been reduced to zero; tenth, to the Class M-6
      Certificates, until the Certificate Principal Balance thereof has been reduced
      to zero; eleventh, to the Class M-5 Certificates, until the Certificate
      Principal Balance thereof has been reduced to zero, twelfth, to the Class M-4
      Certificates, until the Certificate Principal Balance thereof has been reduced
      to zero, thirteenth, to the Class M-3 Certificates, until the Certificate
      Principal Balance thereof has been reduced to zero, fourteenth, to the Class
      M-2
      Certificates, until the Certificate Principal Balance thereof has been reduced
      to zero and fifteenth, 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-32-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 LTM12 and REMIC 2 Regular Interest
      LTZZ,
      98%, 1% and 1%, respectively, until the Uncertificated Principal Balance of
      REMIC 2 Regular Interest LTM12 has been reduced to zero; fourth, to the
      Uncertificated Principal Balances of REMIC 2 Regular Interest LTAA, REMIC 2
      Regular Interest LTM11 and REMIC 2 Regular Interest LTZZ, 98%, 1% and 1%,
      respectively, until the Uncertificated Principal Balance of REMIC 2 Regular
      Interest LTM11 has been reduced to zero; fifth, to the Uncertificated Principal
      Balances of REMIC 2 Regular Interest LTAA, REMIC 2 Regular Interest LTM10 and
      REMIC 2 Regular Interest LTZZ, 98%, 1% and 1%, respectively, until the
      Uncertificated Principal Balance of REMIC 2 Regular Interest LTM10 has been
      reduced to zero; sixth, 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; seventh,
      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; eighth, 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; ninth, 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; tenth, 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; eleventh, 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; twelfth, 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; thirteenth,
      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; fourteenth, 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, “Deutsche Bank National Trust
      Company, as Cap Trustee, in trust for the registered holders of First Franklin
      Mortgage Loan Trust 2006-FF8, Asset-Backed Certificates, Series 2006-FF8—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 Class A Certificates and the Mezzanine 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) 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
      Cap 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 interest rate cap agreement. The Trustee shall have no
      responsibility with regard to the selection of a replacement cap provider or
      the
      negotiation of a replacement interest rate cap agreement. Any Termination
      Payment received by the Trustee shall be deposited in the Cap 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 Termination Payment owed to the Cap
      Provider.***

     

    (e) 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 Class A Certificates and Mezzanine
      Certificates to receive payments from the Cap Account may have more than a
      de
      minimis
      value.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    ARTICLE
      V

     

    THE
      CERTIFICATES

     

    SECTION
      5.01 The
      Certificates.

     

    Each
      of
      the Class A Certificates, the Mezzanine 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
      Class A and Mezzanine 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 Class A and Mezzanine 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 Class A and Mezzanine 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 M-12, 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 of 1933, as amended (the “1933
      Act”), and any applicable state securities laws or is made in accordance with
      the 1933 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, (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
      1933
      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 1933 Act or is being made pursuant to the 1933 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
      1933
      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 1933 Act.

     

    No
      transfer of a Private 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.

     

    Prior
      to
      the termination of the Supplemental Interest Trust, no Transfer of a Class
      A or
      Mezzanine Certificate shall be made unless either (i) the Trustee shall have
      received a representation from the transferee (in the form of Exhibit M) of
      such
      Certificate acceptable to and in form and substance satisfactory to the Trustee,
      to the effect that such transferee is not a Plan, or a Person acting on behalf
      of a Plan or using the assets a Plan, or (ii) the transferee is deemed to
      represent that (a) such Plan is an accredited investor within the meaning of
      Prohibited Transaction Exemption (“PTE”) 2002-41, 67 Fed. Reg 54487 (August 22,
      2002), and (b) the proposed transfer or holding of such Certificate is eligible
      for exemptive relief under an individual or class prohibited transaction
      exemption, including, but not limited to, for the Class A Certificates,
      Prohibited Transaction Exemption (“PTCE”) 84-14, PTCE 91-38, PTCE 90-1, PTCE
      95-60 or PTE 96-23 and for the Mezzanine Certificates, PTCE 95-60.

     

    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 two
      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
      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 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 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 any loss, liability or expense incurred
      in
      connection with (i) any legal action relating to this Agreement or the
      Certificates, other than any loss, liability or expense incurred by reason
      of
      its willful misfeasance, bad faith or negligence or by reason of its reckless
      disregard of its obligations and 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, unless
      the
      Depositor or the Servicer acts without the consent of the Holders of
      Certificates entitled to at least 51% of the Voting Rights, 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. Without limiting the foregoing, the Servicer shall undertake to
      defend any claims against the Trust Fund, the Trustee and/or itself initiated
      by
      a Borrower or otherwise related to the servicing of any Mortgage Loan, 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.

     

    Neither
      the Credit Risk Manager, nor any of the directors, officers, employees or agents
      of the Credit Risk Manager, shall be under any liability to the Trustee, the
      Certificateholders or the Depositor for any action taken or for refraining
      from
      the taking of any action in good faith pursuant to this Agreement, in reliance
      upon information provided by 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, bad faith or negligence
      in its performance of its duties or by reason of reckless disregard for its
      obligations and duties under this Agreement or the Credit Risk Management
      Agreement. 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
      6.04 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
      to the Credit Risk Manager pursuant to the respective Credit Risk Management
      Agreement, and the Credit Risk Manager shall look solely to the Servicer for
      all
      information and data (including loss and delinquency information and data)
      relating to the servicing of the Mortgage Loans. Upon any termination of the
      Credit Risk Manager or the appointment of a successor Credit Risk Manager,
      the
      Depositor shall give written notice thereof to the Servicer, the Trustee and
      each Rating Agency. Notwithstanding the foregoing, the termination of the Credit
      Risk Manager pursuant to this Section shall not become effective until the
      appointment of a successor Credit Risk Manager.

     

    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 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.

     

    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.

     

    SECTION
      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 either
      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.

     

    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 the Trust 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. The Securities
      Administrator and the Trustee shall not permit the creation of any “interests”
(within the meaning of Section 860G of the Code) in any REMIC created hereunder
      other than (a) the REMIC 1 Regular Interests, the REMIC 2 Regular Interests,
      the
      REMIC 3 Regular Interests, the REMIC 4 Regular Interests, the REMIC 5 Regular
      Interests or the REMIC 6 Regular Interests, the ownership of which is
      represented by the Class A and Class M Certificates, REMIC 6 Regular Interest
      SWAP IO, the Class C Certificates and the Class P Certificates and (b) the
      Class
      R-1 Interest, the Class R-2 Interest, the Class R-3 Interest, the Class R-4
      Interest, the Class R-5 Interest and the Class R-6 Interest. The Securities
      Administrator will apply for an Employee Identification Number from the IRS
      via
      form SS-4 or any other acceptable method for each Trust REMIC

     

    (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 REMIC 1, REMIC 2 and REMIC
      3. 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 REMIC
      4,
      REMIC 5 and REMIC 6. 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 the 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. Neither the Trustee, the Servicer
      nor 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) On
      or
      before April 15 of each calendar year beginning in 2006, the Servicer shall
      deliver to the NIMS Insurer, the Trustee and each Rating Agency an Officers’
Certificate stating the Servicer’s compliance with the provisions of this
      Section 9.01.

     

    (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.

     

    Neither
      the Depositor, the Servicer nor 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 of the Stated Principal Balances
      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 Balances 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 then
      remaining unpaid or which is due to the exercise of such option (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.

     

    In
      connection with any such purchase pursuant to the preceding paragraph, 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.

     

    (b) 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.

     

    (c) 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.

     

    (d) 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 amend the provisions of Section 3.22(b) or (iv)
      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 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.
      Notwithstanding the foregoing, neither an Opinion of Counsel nor written notice
      to the Depositor, the Servicer and the Trustee from the Rating Agencies will
      be
      required in connection with an amendment to the provisions of Section
      3.22(b).

     

    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, the Swap Provider
      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 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 Depositor, the
      Servicer or the Trustee shall enter into any amendment to this Agreement, if
      such amendment would have a material adverse effect on the Swap Provider,
      without the prior written consent of the Swap Provider (which consent shall
      not
      be unreasonably withheld 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 - GC06Z8 (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 Sections 4.03 and 3.19
      hereof and the Servicer shall promptly furnish to each Rating Agency copies
      of
      the following:

     

    (i) each
      annual statement as to compliance described in Section 3.20 hereof;

     

    (ii) each
      annual independent public accountants’ servicing report described in Section
      3.21 hereof; and

     

    (iii) 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 Third
      Party Rights.

     

    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.

     

    SECTION
      11.11 Benefits
      of Agreement.

     

    Nothing
      in this Agreement or in the Certificates, expressed or implied, shall give
      to
      any Person, other than the Certificateholders, the NIMS Insurer 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/
                      Barbara Campbell
	 	
                      Name:

                    	Barbara
                      Campbell
	 	
                      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 June, 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 June, 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 June, 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-A-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.

         

        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

                	
                  :

                	
                  June
                    1, 2006

                
	
                  First
                    Distribution Date

                	
                  :

                	
                  July
                    25, 2006

                
	
                  Initial
                    Certificate Principal Balance

                  of
                    this Certificate (“Denomination”)

                	
                  :

                	
                  $
                    243,559,000.00

                
	
                  Original
                    Class Certificate

                  Principal
                    Balance of this Class

                	
                  :

                	
                  $
                    243,559,000.00

                
	
                  Percentage
                    Interest

                	
                  :

                	
                  100%

                
	
                  Pass-Through
                    Rate

                	
                  :

                	
                  Variable

                
	
                  CUSIP

                	
                  :

                	
                  320278
                    AR 5

                
	
                  Class

                	
                  :

                	
                  I-A-1

                
	
                  Assumed
                    Maturity Date

                	
                  :

                	
                  July
                    2036

                

        

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        First
          Franklin Mortgage Loan Trust 2006-FF8

        Asset-Backed
          Certificates,

        Series
          2006-FF8

        CLASS
          I-A-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 I-A-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 I-A-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 I-A-1 Certificate (obtained by dividing the Denomination
          of this Class I-A-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 June 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-A-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 I-A-1 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-A-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 I-A-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:
          June __, 2006

         

        
          	 	
                  FIRST
                    FRANKLIN MORTGAGE LOAN TRUST 2006-FF8

                   

                   

                  DEUTSCHE
                    BANK NATIONAL TRUST COMPANY, not in its individual capacity,
                    but solely as
                    Trustee

                
	 	 	 
	 	
                  By:

                	 

        

         

        This
          is
          one of the Certificates referenced

        in
          the
          within-mentioned Agreement

        
          

          
            	 	 	 	 	 
	By:	 	 	 	 
	 	
                    
Authorized
                    Signatory of	 	 	
                  
	 	
                    Deutsche
                      Bank National Trust Company,

                    as
                      Trustee

                  	 	 	 

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        [Reverse
          of Class I-A-1 Certificate]

         

        First
          Franklin Mortgage Loan Trust 2006-FF8

        Asset-Backed
          Certificates,

        SERIES
          2006-FF8

         

        This
          Certificate is one of a duly authorized issue of Certificates designated
          as
          First Franklin Mortgage Loan Trust 2006-FF8, Asset-Backed Certificates,
          Series
          2006-FF8 (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 July 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-A-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.

         

        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

                	
                  :

                	
                  June
                    1, 2006

                
	
                  First
                    Distribution Date

                	
                  :

                	
                  July
                    25, 2006

                
	
                  Initial
                    Certificate Principal Balance

                  of
                    this Certificate (“Denomination”)

                	
                  :

                	
                  $
                    196,936,000.00

                
	
                  Original
                    Class Certificate

                  Principal
                    Balance of this Class

                	
                  :

                	
                  $
                    196,936,000.00

                
	
                  Percentage
                    Interest

                	
                  :

                	
                  100%

                
	
                  Pass-Through
                    Rate

                	
                  :

                	
                  Variable

                
	
                  CUSIP

                	
                  :

                	
                  320278
                    AA 2

                
	
                  Class

                	
                  :

                	
                  II-A-1

                
	
                  Assumed
                    Maturity Date

                	
                  :

                	
                  July
                    2036

                

        

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        First
          Franklin Mortgage Loan Trust 2006-FF8

        Asset-Backed
          Certificates,

        Series
          2006-FF8

        CLASS
          II-A-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 II-A-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 II-A-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 II-A-1 Certificate (obtained by dividing the
          Denomination of this Class II-A-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 June 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-A-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
          II-A-1
          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-A-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 II-A-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:
          June __, 2006

         

        
          	 	
                  FIRST
                    FRANKLIN MORTGAGE LOAN TRUST 2006-FF8

                   

                   

                  DEUTSCHE
                    BANK NATIONAL TRUST COMPANY, not in its individual capacity,
                    but solely as
                    Trustee

                
	 	 	 
	 	
                  By:

                	 

        

        

         

        This
          is
          one of the Certificates referenced

        in
          the
          within-mentioned Agreement

        
          
            

            
              	 	 	 	 	 
	By:	 	 	 	 
	 	
                      
Authorized
                      Signatory of	 	 	
                    
	 	
                      Deutsche
                        Bank National Trust Company,

                      as
                        Trustee

                    	 	 	 

            

          

        

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        [Reverse
          of Class II-A-1 Certificate]

         

        First
          Franklin Mortgage Loan Trust 2006-FF8

        Asset-Backed
          Certificates,

        SERIES
          2006-FF8

         

        This
          Certificate is one of a duly authorized issue of Certificates designated
          as
          First Franklin Mortgage Loan Trust 2006-FF8, Asset-Backed Certificates,
          Series
          2006-FF8 (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 July 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-A-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.

         

        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

                	
                  :

                	
                  June
                    1, 2006

                
	
                  First
                    Distribution Date

                	
                  :

                	
                  July
                    25, 2006

                
	
                  Initial
                    Certificate Principal Balance

                  of
                    this Certificate (“Denomination”)

                	
                  :

                	
                  $
                    100,520,000.00

                
	
                  Original
                    Class Certificate

                  Principal
                    Balance of this Class

                	
                  :

                	
                  $
                    100,520,000.00

                
	
                  Percentage
                    Interest

                	
                  :

                	
                  100%

                
	
                  Pass-Through
                    Rate

                	
                  :

                	
                  Variable

                
	
                  CUSIP

                	
                  :

                	
                  320278
                    AB 0

                
	
                  Class

                	
                  :

                	
                  II-A-2

                
	
                  Assumed
                    Maturity Date

                	
                  :

                	
                  July
                    2036

                

        

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        First
          Franklin Mortgage Loan Trust 2006-FF8

        Asset-Backed
          Certificates,

        Series
          2006-FF8

        CLASS
          II-A-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 II-A-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 II-A-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 II-A-2 Certificate (obtained by dividing the
          Denomination of this Class II-A-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 June 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-A-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
          II-A-2
          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-A-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 II-A-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:
          June __, 2006

         

        
          	 	
                  FIRST
                    FRANKLIN MORTGAGE LOAN TRUST 2006-FF8

                   

                   

                  DEUTSCHE
                    BANK NATIONAL TRUST COMPANY, not in its individual capacity,
                    but solely as
                    Trustee

                
	 	 	 
	 	
                  By:

                	 

        

        

         

        This
          is
          one of the Certificates referenced

        in
          the
          within-mentioned Agreement

        
          
            

            
              	 	 	 	 	 
	By:	 	 	 	 
	 	
                      
Authorized
                      Signatory of	 	 	
                    
	 	
                      Deutsche
                        Bank National Trust Company,

                      as
                        Trustee

                    	 	 	 

              
                
                  
                  

                

                
                  
                  

                  
                    

                  

                

                
                  
                  

                

              

          

        

        [Reverse
          of Class II-A-2 Certificate]

         

        First
          Franklin Mortgage Loan Trust 2006-FF8

        Asset-Backed
          Certificates,

        SERIES
          2006-FF8

         

        This
          Certificate is one of a duly authorized issue of Certificates designated
          as
          First Franklin Mortgage Loan Trust 2006-FF8, Asset-Backed Certificates,
          Series
          2006-FF8 (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 July 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-A-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.

         

        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

                	
                  :

                	
                  June
                    1, 2006

                
	
                  First
                    Distribution Date

                	
                  :

                	
                  July
                    25, 2006

                
	
                  Initial
                    Certificate Principal Balance

                  of
                    this Certificate (“Denomination”)

                	
                  :

                	
                  $
                    96,700,000.00

                
	
                  Original
                    Class Certificate

                  Principal
                    Balance of this Class

                	
                  :

                	
                  $
                    96,700,000.00

                
	
                  Percentage
                    Interest

                	
                  :

                	
                  100%

                
	
                  Pass-Through
                    Rate

                	
                  :

                	
                  Variable

                
	
                  CUSIP

                	
                  :

                	
                  320278
                    AC 8

                
	
                  Class

                	
                  :

                	
                  II-A-3

                
	
                  Assumed
                    Maturity Date

                	
                  :

                	
                  July
                    2036

                

        

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        First
          Franklin Mortgage Loan Trust 2006-FF8

        Asset-Backed
          Certificates,

        Series
          2006-FF8

        CLASS
          II-A-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 II-A-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 II-A-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 II-A-3 Certificate (obtained by dividing the
          Denomination of this Class II-A-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 June 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-A-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
          II-A-3
          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-A-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 II-A-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:
          June __, 2006

         

        
          	 	
                  FIRST
                    FRANKLIN MORTGAGE LOAN TRUST 2006-FF8

                   

                   

                  DEUTSCHE
                    BANK NATIONAL TRUST COMPANY, not in its individual capacity,
                    but solely as
                    Trustee

                
	 	 	 
	 	
                  By:

                	 

        

        

         

        This
          is
          one of the Certificates referenced

        in
          the
          within-mentioned Agreement

        
          

          
            	 	 	 	 	 
	By:	 	 	 	 
	 	
                    
Authorized
                    Signatory of	 	 	
                  
	 	
                    Deutsche
                      Bank National Trust Company,

                    as
                      Trustee

                  	 	 	 

            
              
                
                

              

              
                
                

                
                  

                

              

              
                
                

              

            

        

        [Reverse
          of Class II-A-3 Certificate]

         

        First
          Franklin Mortgage Loan Trust 2006-FF8

        Asset-Backed
          Certificates,

        SERIES
          2006-FF8

         

        This
          Certificate is one of a duly authorized issue of Certificates designated
          as
          First Franklin Mortgage Loan Trust 2006-FF8, Asset-Backed Certificates,
          Series
          2006-FF8 (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 July 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-A-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.

         

        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

                	
                  :

                	
                  June
                    1, 2006

                
	
                  First
                    Distribution Date

                	
                  :

                	
                  July
                    25, 2006

                
	
                  Initial
                    Certificate Principal Balance

                  of
                    this Certificate (“Denomination”)

                	
                  :

                	
                  $
                    31,940,000.00

                
	
                  Original
                    Class Certificate

                  Principal
                    Balance of this Class

                	
                  :

                	
                  $
                    31,940,000.00

                
	
                  Percentage
                    Interest

                	
                  :

                	
                  100%

                
	
                  Pass-Through
                    Rate

                	
                  :

                	
                  Variable

                
	
                  CUSIP

                	
                  :

                	
                  320278
                    AD
                    6

                
	
                  Class

                	
                  :

                	
                  II-A-4

                
	
                  Assumed
                    Maturity Date

                	
                  :

                	
                  July
                    2036

                

        

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        First
          Franklin Mortgage Loan Trust 2006-FF8

        Asset-Backed
          Certificates,

        Series
          2006-FF8

        CLASS
          II-A-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 II-A-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 II-A-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 II-A-4 Certificate (obtained by dividing the
          Denomination of this Class II-A-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 June 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-A-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
          II-A-4
          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-A-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 II-A-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:
          June __, 2006

         

        
          	 	
                  FIRST
                    FRANKLIN MORTGAGE LOAN TRUST 2006-FF8

                   

                   

                  DEUTSCHE
                    BANK NATIONAL TRUST COMPANY, not in its individual capacity,
                    but solely as
                    Trustee

                
	 	 	 
	 	
                  By:

                	 

        

        

        This
          is
          one of the Certificates referenced

        in
          the
          within-mentioned Agreement

        
          
            

            
              	 	 	 	 	 
	By:	 	 	 	 
	 	
                      
Authorized
                      Signatory of	 	 	
                    
	 	
                      Deutsche
                        Bank National Trust Company,

                      as
                        Trustee

                    	 	 	 

              
                
                  
                  

                

                
                  
                  

                  
                    

                  

                

                
                  
                  

                

              

          

        

        [Reverse
          of Class II-A-4 Certificate]

         

        First
          Franklin Mortgage Loan Trust 2006-FF8

        Asset-Backed
          Certificates,

        SERIES
          2006-FF8

         

        This
          Certificate is one of a duly authorized issue of Certificates designated
          as
          First Franklin Mortgage Loan Trust 2006-FF8, Asset-Backed Certificates,
          Series
          2006-FF8 (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 July 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-A-1 CERTIFICATES, THE CLASS II-A-1
          CERTIFICATES, THE CLASS II-A-2, THE CLASS II-A-3 CERTIFICATES AND THE CLASS
          II-A-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

                	
                  :

                	
                  June
                    1, 2006

                
	
                  First
                    Distribution Date

                	
                  :

                	
                  July
                    25, 2006

                
	
                  Initial
                    Certificate Principal Balance of this Certificate
                    (“Denomination”)

                	
                  :

                	
                  $
                    32,211,000.00

                
	
                  Original
                    Class Certificate Principal Balance of this Class

                	
                  :

                	
                  $
                    32,211,000.00

                
	
                  Percentage
                    Interest

                	
                  :

                	
                  100.00%

                
	
                  Pass-Through
                    Rate

                	
                  :

                	
                  Variable

                
	
                  CUSIP

                	
                  :

                	
                  320278
                    AE 4

                
	
                  Class

                	
                  :

                	
                  M-1

                
	
                  Assumed
                    Maturity Date

                	
                  :

                	
                  July
                    2036

                

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        First
          Franklin Mortgage Loan Trust 2006-FF8

        Asset-Backed
          Certificates,

        Series
          2006-FF8

        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 June 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:
          June __, 2006

         

        
          	 	
                  FIRST
                    FRANKLIN MORTGAGE LOAN TRUST 2006-FF8

                   

                   

                  DEUTSCHE
                    BANK NATIONAL TRUST COMPANY, not in its individual capacity,
                    but solely as
                    Trustee

                
	 	 	 
	 	
                  By:

                	 

        

        

        This
          is
          one of the 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-FF8

        Asset-Backed
          Certificates,

        SERIES
          2006-FF8

         

        This
          Certificate is one of a duly authorized issue of Certificates designated
          as
          First Franklin Mortgage Loan Trust 2006-FF8, Asset-Backed Certificates,
          Series
          2006-FF8 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 July 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-A-1 CERTIFICATES, THE CLASS II-A-1 CERTIFICATES, THE CLASS II-A-2, THE
          CLASS
          II-A-3 CERTIFICATES, THE CLASS II-A-4 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

                	
                  :

                	
                  June
                    1, 2006

                
	
                  First
                    Distribution Date

                	
                  :

                	
                  July
                    25, 2006

                
	
                  Initial
                    Certificate Principal Balance of this Certificate
                    (“Denomination”)

                	
                  :

                	
                  $
                    28,821,000.00

                
	
                  Original
                    Class Certificate Principal Balance of this Class

                	
                  :

                	
                  $
                    28,821,000.00

                
	
                  Percentage
                    Interest

                	
                  :

                	
                  100.00%

                
	
                  Pass-Through
                    Rate

                	
                  :

                	
                  Variable

                
	
                  CUSIP

                	
                  :

                	
                  320278
                    AF 1

                
	
                  Class

                	
                  :

                	
                  M-2

                
	
                  Assumed
                    Maturity Date

                	
                  :

                	
                  July
                    2036

                

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        First
          Franklin Mortgage Loan Trust 2006-FF8

        Asset-Backed
          Certificates,

        Series
          2006-FF8

        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 June 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:
          June __, 2006

         

        
          	 	
                  FIRST
                    FRANKLIN MORTGAGE LOAN TRUST 2006-FF8

                   

                   

                  DEUTSCHE
                    BANK NATIONAL TRUST COMPANY, not in its individual capacity,
                    but solely as
                    Trustee

                
	 	 	 
	 	
                  By:

                	 

        

        

        This
          is
          one of the 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-FF8

        Asset-Backed
          Certificates,

        SERIES
          2006-FF8

         

        This
          Certificate is one of a duly authorized issue of Certificates designated
          as
          First Franklin Mortgage Loan Trust 2006-FF8, Asset-Backed Certificates,
          Series
          2006-FF8 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 July 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-A-1 CERTIFICATES, THE CLASS II-A-1
          CERTIFICATES, THE CLASS II-A-2, THE CLASS II-A-3 CERTIFICATES, THE CLASS
          II-A-4
          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

                	
                  :

                	
                  June
                    1, 2006

                
	
                  First
                    Distribution Date

                	
                  :

                	
                  July
                    25, 2006

                
	
                  Initial
                    Certificate Principal Balance of this Certificate
                    (“Denomination”)

                	
                  :

                	
                  $
                    17,377,000.00

                
	
                  Original
                    Class Certificate Principal Balance of this Class

                	
                  :

                	
                  $
                    17,377,000.00

                
	
                  Percentage
                    Interest

                	
                  :

                	
                  100.00%

                
	
                  Pass-Through
                    Rate

                	
                  :

                	
                  Variable

                
	
                  CUSIP

                	
                  :

                	
                  320278
                    AG 9

                
	
                  Class

                	
                  :

                	
                  M-3

                
	
                  Assumed
                    Maturity Date

                	
                  :

                	
                  July
                    2036

                

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        First
          Franklin Mortgage Loan Trust 2006-FF8

        Asset-Backed
          Certificates,

        Series
          2006-FF8

        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 June 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:
          June __, 2006

         

        
          	 	
                  FIRST
                    FRANKLIN MORTGAGE LOAN TRUST 2006-FF8

                   

                   

                  DEUTSCHE
                    BANK NATIONAL TRUST COMPANY, not in its individual capacity,
                    but solely as
                    Trustee

                
	 	 	 
	 	
                  By:

                	 

        

        

        This
          is
          one of the 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-FF8

        Asset-Backed
          Certificates,

        SERIES
          2006-FF8

         

        This
          Certificate is one of a duly authorized issue of Certificates designated
          as
          First Franklin Mortgage Loan Trust 2006-FF8, Asset-Backed Certificates,
          Series
          2006-FF8 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 July 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-A-1 CERTIFICATES, THE CLASS II-A-1
          CERTIFICATES, THE CLASS II-A-2, THE CLASS II-A-3 CERTIFICATES, THE CLASS
          II-A-4
          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

                	
                  :

                	
                  June
                    1, 2006

                
	
                  First
                    Distribution Date

                	
                  :

                	
                  July
                    25, 2006

                
	
                  Initial
                    Certificate Principal Balance of this Certificate
                    (“Denomination”)

                	
                  :

                	
                  $
                    15,682,000.00

                
	
                  Original
                    Class Certificate Principal Balance of this Class

                	
                  :

                	
                  $
                    15,682,000.00

                
	
                  Percentage
                    Interest

                	
                  :

                	
                  100.00%

                
	
                  Pass-Through
                    Rate

                	
                  :

                	
                  Variable

                
	
                  CUSIP

                	
                  :

                	
                  320278
                    AH 7

                
	
                  Class

                	
                  :

                	
                  M-4

                
	
                  Assumed
                    Maturity Date

                	
                  :

                	
                  July
                    2036

                

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        First
          Franklin Mortgage Loan Trust 2006-FF8

        Asset-Backed
          Certificates,

        Series
          2006-FF8

        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 June 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:
          June __, 2006

         

        
          	 	
                  FIRST
                    FRANKLIN MORTGAGE LOAN TRUST 2006-FF8

                   

                   

                  DEUTSCHE
                    BANK NATIONAL TRUST COMPANY, not in its individual capacity,
                    but solely as
                    Trustee

                
	 	 	 
	 	
                  By:

                	 

        

        

        This
          is
          one of the 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-FF8

        Asset-Backed
          Certificates,

        SERIES
          2006-FF8

         

        This
          Certificate is one of a duly authorized issue of Certificates designated
          as
          First Franklin Mortgage Loan Trust 2006-FF8, Asset-Backed Certificates,
          Series
          2006-FF8 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 July 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-A-1 CERTIFICATES, THE CLASS II-A-1
          CERTIFICATES, THE CLASS II-A-2, THE CLASS II-A-3 CERTIFICATES, THE CLASS
          II-A-4
          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

                	
                  :

                	
                  June
                    1, 2006

                
	
                  First
                    Distribution Date

                	
                  :

                	
                  July
                    25, 2006

                
	
                  Initial
                    Certificate Principal Balance of this Certificate
                    (“Denomination”)

                	
                  :

                	
                  $
                    14,834,000.00

                
	
                  Original
                    Class Certificate Principal Balance of this Class

                	
                  :

                	
                  $
                    14,834,000.00

                
	
                  Percentage
                    Interest

                	
                  :

                	
                  100.00%

                
	
                  Pass-Through
                    Rate

                	
                  :

                	
                  Variable

                
	
                  CUSIP

                	
                  :

                	
                  320278
                    AJ 3

                
	
                  Class

                	
                  :

                	
                  M-5

                
	
                  Assumed
                    Maturity Date

                	
                  :

                	
                  July
                    2036

                

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        First
          Franklin Mortgage Loan Trust 2006-FF8

        Asset-Backed
          Certificates,

        Series
          2006-FF8

        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 June 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:
          June __, 2006

         

        
          	 	
                  FIRST
                    FRANKLIN MORTGAGE LOAN TRUST 2006-FF8

                   

                   

                  DEUTSCHE
                    BANK NATIONAL TRUST COMPANY, not in its individual capacity,
                    but solely as
                    Trustee

                
	 	 	 
	 	
                  By:

                	 

        

        

        This
          is
          one of the 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-FF8

        Asset-Backed
          Certificates,

        SERIES
          2006-FF8

         

        This
          Certificate is one of a duly authorized issue of Certificates designated
          as
          First Franklin Mortgage Loan Trust 2006-FF8, Asset-Backed Certificates,
          Series
          2006-FF8 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 July 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-A-1 CERTIFICATES, THE CLASS II-A-1
          CERTIFICATES, THE CLASS II-A-2, THE CLASS II-A-3 CERTIFICATES, THE CLASS
          II-A-4
          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

                	
                  :

                	
                  June
                    1, 2006

                
	
                  First
                    Distribution Date

                	
                  :

                	
                  July
                    25, 2006

                
	
                  Initial
                    Certificate Principal Balance of this Certificate
                    (“Denomination”)

                	
                  :

                	
                  $
                    13,986,000.00

                
	
                  Original
                    Class Certificate Principal Balance of this Class

                	
                  :

                	
                  $
                    13,986,000.00

                
	
                  Percentage
                    Interest

                	
                  :

                	
                  100.00%

                
	
                  Pass-Through
                    Rate

                	
                  :

                	
                  Variable

                
	
                  CUSIP

                	
                  :

                	
                  320278
                    AK 0

                
	
                  Class

                	
                  :

                	
                  M-6

                
	
                  Assumed
                    Maturity Date

                	
                  :

                	
                  July
                    2036

                

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        First
          Franklin Mortgage Loan Trust 2006-FF8

        Asset-Backed
          Certificates,

        Series
          2006-FF8

        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 June 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:
          June __, 2006

         

        
          	 	
                  FIRST
                    FRANKLIN MORTGAGE LOAN TRUST 2006-FF8

                   

                   

                  DEUTSCHE
                    BANK NATIONAL TRUST COMPANY, not in its individual capacity,
                    but solely as
                    Trustee

                
	 	 	 
	 	
                  By:

                	 

        

        

        This
          is
          one of the 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-FF8

        Asset-Backed
          Certificates,

        SERIES
          2006-FF8

         

        This
          Certificate is one of a duly authorized issue of Certificates designated
          as
          First Franklin Mortgage Loan Trust 2006-FF8, Asset-Backed Certificates,
          Series
          2006-FF8 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 July 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-A-1 CERTIFICATES, THE CLASS II-A-1
          CERTIFICATES, THE CLASS II-A-2, THE CLASS II-A-3 CERTIFICATES, THE CLASS
          II-A-4
          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

                	
                  :

                	
                  June
                    1, 2006

                
	
                  First
                    Distribution Date

                	
                  :

                	
                  July
                    25, 2006

                
	
                  Initial
                    Certificate Principal Balance of this Certificate
                    (“Denomination”)

                	
                  :

                	
                  $
                    11,867,000.00

                
	
                  Original
                    Class Certificate Principal Balance of this Class

                	
                  :

                	
                  $
                    11,867,000.00

                
	
                  Percentage
                    Interest

                	
                  :

                	
                  100.00%

                
	
                  Pass-Through
                    Rate

                	
                  :

                	
                  Variable

                
	
                  CUSIP

                	
                  :

                	
                  320278
                    AL 8

                
	
                  Class

                	
                  :

                	
                  M-7

                
	
                  Assumed
                    Maturity Date

                	
                  :

                	
                  July
                    2036

                

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        First
          Franklin Mortgage Loan Trust 2006-FF8

        Asset-Backed
          Certificates,

        Series
          2006-FF8

        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 June 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:
          June __, 2006

         

        
          	 	
                  FIRST
                    FRANKLIN MORTGAGE LOAN TRUST 2006-FF8

                   

                   

                  DEUTSCHE
                    BANK NATIONAL TRUST COMPANY, not in its individual capacity,
                    but solely as
                    Trustee

                
	 	 	 
	 	
                  By:

                	 

        

        

        This
          is
          one of the 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-FF8

        Asset-Backed
          Certificates,

        SERIES
          2006-FF8

         

        This
          Certificate is one of a duly authorized issue of Certificates designated
          as
          First Franklin Mortgage Loan Trust 2006-FF8, Asset-Backed Certificates,
          Series
          2006-FF8 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 July 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-A-1 CERTIFICATES, THE CLASS II-A-1
          CERTIFICATES, THE CLASS II-A-2, THE CLASS II-A-3 CERTIFICATES, THE CLASS
          II-A-4
          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

                	
                  :

                	
                  June
                    1, 2006

                
	
                  First
                    Distribution Date

                	
                  :

                	
                  July
                    25, 2006

                
	
                  Initial
                    Certificate Principal Balance of this Certificate
                    (“Denomination”)

                	
                  :

                	
                  $
                    11,020,000.00

                
	
                  Original
                    Class Certificate Principal Balance of this Class

                	
                  :

                	
                  $
                    11,020,000.00

                
	
                  Percentage
                    Interest

                	
                  :

                	
                  100.00%

                
	
                  Pass-Through
                    Rate

                	
                  :

                	
                  Variable

                
	
                  CUSIP

                	
                  :

                	
                  320278
                    AM 6

                
	
                  Class

                	
                  :

                	
                  M-8

                
	
                  Assumed
                    Maturity Date

                	
                  :

                	
                  July
                    2036

                

        

         

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        First
          Franklin Mortgage Loan Trust 2006-FF8

        Asset-Backed
          Certificates,

        Series
          2006-FF8

        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 June 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:
          June __, 2006

         

        
          	 	
                  FIRST
                    FRANKLIN MORTGAGE LOAN TRUST 2006-FF8

                   

                   

                  DEUTSCHE
                    BANK NATIONAL TRUST COMPANY, not in its individual capacity,
                    but solely as
                    Trustee

                
	 	 	 
	 	
                  By:

                	 

        

        

        This
          is
          one of the 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-FF8

        Asset-Backed
          Certificates,

        SERIES
          2006-FF8

         

        This
          Certificate is one of a duly authorized issue of Certificates designated
          as
          First Franklin Mortgage Loan Trust 2006-FF8, Asset-Backed Certificates,
          Series
          2006-FF8 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 July 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-A-1 CERTIFICATES, THE CLASS II-A-1
          CERTIFICATES, THE CLASS II-A-2, THE CLASS II-A-3 CERTIFICATES, THE CLASS
          II-A-4
          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

                	
                  :

                	
                  June
                    1, 2006

                
	
                  First
                    Distribution Date

                	
                  :

                	
                  July
                    25, 2006

                
	
                  Initial
                    Certificate Principal Balance of this Certificate
                    (“Denomination”)

                	
                  :

                	
                  $
                    5,934,000.00

                
	
                  Original
                    Class Certificate Principal Balance of this Class

                	
                  :

                	
                  $
                    5,934,000.00

                
	
                  Percentage
                    Interest

                	
                  :

                	
                  100.00%

                
	
                  Pass-Through
                    Rate

                	
                  :

                	
                  Variable

                
	
                  CUSIP

                	
                  :

                	
                  320278
                    AN 4

                
	
                  Class

                	
                  :

                	
                  M-9

                
	
                  Assumed
                    Maturity Date

                	
                  :

                	
                  July
                    2036

                

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        First
          Franklin Mortgage Loan Trust 2006-FF8

        Asset-Backed
          Certificates,

        Series
          2006-FF8

        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 June 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:
          June __, 2006

         

        
          	 	
                  FIRST
                    FRANKLIN MORTGAGE LOAN TRUST 2006-FF8

                   

                   

                  DEUTSCHE
                    BANK NATIONAL TRUST COMPANY, not in its individual capacity,
                    but solely as
                    Trustee

                
	 	 	 
	 	
                  By:

                	 

        

        

        This
          is
          one of the 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-FF8

        Asset-Backed
          Certificates,

        SERIES
          2006-FF8

         

        This
          Certificate is one of a duly authorized issue of Certificates designated
          as
          First Franklin Mortgage Loan Trust 2006-FF8, Asset-Backed Certificates,
          Series
          2006-FF8 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 July 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 M-10 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-A-1 CERTIFICATES, THE CLASS II-A-1
          CERTIFICATES, THE CLASS II-A-2, THE CLASS II-A-3 CERTIFICATES, THE CLASS
          II-A-4
          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.

         

        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

                	
                  :

                	
                  June
                    1, 2006

                
	
                  First
                    Distribution Date

                	
                  :

                	
                  July
                    25, 2006

                
	
                  Initial
                    Certificate Principal Balance of this Certificate
                    (“Denomination”)

                	
                  :

                	
                  $
                    8,477,000.00

                
	
                  Original
                    Class Certificate Principal Balance of this Class

                	
                  :

                	
                  $
                    8,477,000.00

                
	
                  Percentage
                    Interest

                	
                  :

                	
                  100.00%

                
	
                  Pass-Through
                    Rate

                	
                  :

                	
                  Variable

                
	
                  CUSIP

                	
                  :

                	
                  320278
                    AP 9

                
	
                  Class

                	
                  :

                	
                  M-10

                
	
                  Assumed
                    Maturity Date

                	
                  :

                	
                  July
                    2036

                

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        First
          Franklin Mortgage Loan Trust 2006-FF8

        Asset-Backed
          Certificates,

        Series
          2006-FF8

        CLASS
          M-10

         

        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-10 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-10 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-10 Certificate (obtained by dividing the Denomination
          of this Class M-10 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 June 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-10 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-10 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-10 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-10 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:
          June __, 2006

         

        
          	 	
                  FIRST
                    FRANKLIN MORTGAGE LOAN TRUST 2006-FF8

                   

                   

                  DEUTSCHE
                    BANK NATIONAL TRUST COMPANY, not in its individual capacity,
                    but solely as
                    Trustee

                
	 	 	 
	 	
                  By:

                	 

        

        

        This
          is
          one of the Certificates referenced

        in
          the
          within-mentioned Agreement

        

        
          

          
            	 	 	 	 	 
	By:	 	 	 	 
	 	
                    
Authorized
                    Signatory of	 	 	
                  
	 	
                    Deutsche
                      Bank National Trust Company,

                    as
                      Trustee

                  	 	 	 

            
              
                
                

              

              
                
                

                
                  

                

              

              
                
                

              

            

        

        [Reverse
          of Class M-10 Certificate]

         

        First
          Franklin Mortgage Loan Trust 2006-FF8

        Asset-Backed
          Certificates,

        SERIES
          2006-FF8

         

        This
          Certificate is one of a duly authorized issue of Certificates designated
          as
          First Franklin Mortgage Loan Trust 2006-FF8, Asset-Backed Certificates,
          Series
          2006-FF8 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 July 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 M-11 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-A-1 CERTIFICATES, THE CLASS II-A-1
          CERTIFICATES, THE CLASS II-A-2, THE CLASS II-A-3 CERTIFICATES, THE CLASS
          II-A-4
          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,
          THE CLASS M-9 CERTIFICATES AND THE CLASS M-10 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

                	
                  :

                	
                  June
                    1, 2006

                
	
                  First
                    Distribution Date

                	
                  :

                	
                  July
                    25, 2006

                
	
                  Initial
                    Certificate Principal Balance of this Certificate
                    (“Denomination”)

                	
                  :

                	
                  $
                    5,510,000.00

                
	
                  Original
                    Class Certificate Principal Balance of this Class

                	
                  :

                	
                  $
                    5,510,000.00

                
	
                  Percentage
                    Interest

                	
                  :

                	
                  100.00%

                
	
                  Pass-Through
                    Rate

                	
                  :

                	
                  Variable

                
	
                  CUSIP

                	
                  :

                	
                  320278
                    AQ 7

                
	
                  Class

                	
                  :

                	
                  M-11

                
	
                  Assumed
                    Maturity Date

                	
                  :

                	
                  July
                    2036

                

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        First
          Franklin Mortgage Loan Trust 2006-FF8

        Asset-Backed
          Certificates,

        Series
          2006-FF8

        CLASS
          M-11

         

        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-11 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-11 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-11 Certificate (obtained by dividing the Denomination
          of this Class M-11 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 June 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-11 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-11 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-11 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-11 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:
          June __, 2006

         

        
          	 	
                  FIRST
                    FRANKLIN MORTGAGE LOAN TRUST 2006-FF8

                   

                   

                  DEUTSCHE
                    BANK NATIONAL TRUST COMPANY, not in its individual capacity,
                    but solely as
                    Trustee

                
	 	 	 
	 	
                  By:

                	 

        

        

        This
          is
          one of the Certificates referenced

        in
          the
          within-mentioned Agreement

        

        
          

          
            	 	 	 	 	 
	By:	 	 	 	 
	 	
                    
Authorized
                    Signatory of	 	 	
                  
	 	
                    Deutsche
                      Bank National Trust Company,

                    as
                      Trustee

                  	 	 	 

            
              
                
                

              

              
                
                

                
                  

                

              

              
                
                

              

            

        

        [Reverse
          of Class M-11 Certificate]

         

        First
          Franklin Mortgage Loan Trust 2006-FF8

        Asset-Backed
          Certificates,

        SERIES
          2006-FF8

         

        This
          Certificate is one of a duly authorized issue of Certificates designated
          as
          First Franklin Mortgage Loan Trust 2006-FF8, Asset-Backed Certificates,
          Series
          2006-FF8 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 July 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 M-12 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-A-1 CERTIFICATES, THE CLASS II-A-1
          CERTIFICATES, THE CLASS II-A-2, THE CLASS II-A-3 CERTIFICATES, THE CLASS
          II-A-4
          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,
          THE CLASS M-9 CERTIFICATES, THE CLASS M-10 CERTIFICATES AND THE CLASS M-11
          CERTIFICATES TO THE EXTENT DESCRIBED IN THE POOLING AND SERVICING AGREEMENT
          REFERRED TO HEREIN.

         

        NO
          TRANSFER OF THIS CERTIFICATE SHALL BE MADE TO ANY TRANSFEREE 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”), EXCEPT IN
          ACCORDANCE WITH SECTION 5.02(d)
          OF THE
          AGREEMENT.

         

        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 AND WILL NOT BE REGISTERED UNDER THE UNITED STATES
          SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
          ACT”)
          AND
          MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT TO A
          PERSON
          THAT IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE MEANING OF RULE 144A
          UNDER
          THE SECURITIES ACT PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF
          A
          QUALIFIED INSTITUTIONAL BUYER IN A TRANSACTION MEETING THE REQUIREMENTS
          OF RULE
          144A, IN A TRANSACTION EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE
          SECURITIES ACT, IN WHICH THE TRANSFEREE MAKES OR IS DEEMED TO MAKE CERTAIN
          REPRESENTATIONS AND UNDERTAKINGS SET FORTH IN THE AGREEMENT AND IN ACCORDANCE
          WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED
          STATES.

         

         

        
          	
                  Certificate
                    No.

                	
                  :

                	
                  1

                
	
                  Cut-off
                    Date

                	
                  :

                	
                  June
                    1, 2006

                
	
                  First
                    Distribution Date

                	
                  :

                	
                  July
                    25, 2006

                
	
                  Initial
                    Certificate Principal Balance of this Certificate
                    (“Denomination”)

                	
                  :

                	
                  $
                    4,662,000.00

                
	
                  Original
                    Class Certificate Principal Balance of this Class

                	
                  :

                	
                  $
                    4,662,000.00

                
	
                  Percentage
                    Interest

                	
                  :

                	
                  100.00%

                
	
                  Pass-Through
                    Rate

                	
                  :

                	
                  Variable

                
	
                  CUSIP

                	
                  :

                	
                  320278
                    AS 3

                
	
                  Class

                	
                  :

                	
                  M-12

                
	
                  Assumed
                    Maturity Date

                	
                  :

                	
                  July
                    2036

                

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        First
          Franklin Mortgage Loan Trust 2006-FF8

        Asset-Backed
          Certificates,

        Series
          2006-FF8

        CLASS
          M-12

         

        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-12 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-12 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-12 Certificate (obtained by dividing the Denomination
          of this Class M-12 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 June 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-12 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-12 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. 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 shall be made to 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 except in accordance with Section 5.02(d)
          of
          the Agreement.

         

        Reference
          is hereby made to the further provisions of this Class M-12 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-12 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:
          June __, 2006

         

        
          	 	
                  FIRST
                    FRANKLIN MORTGAGE LOAN TRUST 2006-FF8

                   

                   

                  DEUTSCHE
                    BANK NATIONAL TRUST COMPANY, not in its individual capacity,
                    but solely as
                    Trustee

                
	 	 	 
	 	
                  By:

                	 

        

        

        This
          is
          one of the Certificates referenced

        in
          the
          within-mentioned Agreement

         

        
          
            	 	 	 	 	 
	By:	 	 	 	 
	 	
                    
Authorized
                    Signatory of	 	 	
                  
	 	
                    Deutsche
                      Bank National Trust Company,

                    as
                      Trustee

                  	 	 	 

          

           

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        [Reverse
          of Class M-12 Certificate]

         

        First
          Franklin Mortgage Loan Trust 2006-FF8

        Asset-Backed
          Certificates,

        SERIES
          2006-FF8

         

        This
          Certificate is one of a duly authorized issue of Certificates designated
          as
          First Franklin Mortgage Loan Trust 2006-FF8, Asset-Backed Certificates,
          Series
          2006-FF8 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 July 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 C CERTIFICATES

         

        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-A-1 CERTIFICATES, THE CLASS II-A-1
          CERTIFICATES, THE CLASS II-A-2, THE CLASS II-A-3 CERTIFICATES, THE CLASS
          II-A-4
          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, THE CLASS M-9 CERTIFICATES, THE CLASS M-10
          CERTIFICATES, THE CLASS M-11 CERTIFICATES AND THE CLASS M-12 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

                	
                  :

                	
                  June
                    1, 2006

                
	
                  First
                    Distribution Date

                	
                  :

                	
                  July
                    25, 2006

                
	
                  Initial
                    Certificate Principal Balance

                  of
                    this Certificate (“Denomination”)

                	
                  :

                	
                  $
                    7,628,424.25

                
	
                  Original
                    Class Certificate

                  Principal
                    Balance of this Class

                	
                  :

                	
                  $
                    7,628,424.25

                   

                
	
                  Percentage
                    Interest

                	
                  :

                	
                  100.00%

                
	
                  Class

                	
                  :

                	
                  C

                

        

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        First
          Franklin Mortgage Loan Trust 2006-FF8

        Asset-Backed
          Certificates,

        Series
          2006-FF8

        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 June 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:
          June __, 2006

         

        
          	 	
                  FIRST
                    FRANKLIN MORTGAGE LOAN TRUST 2006-FF8

                   

                   

                  DEUTSCHE
                    BANK NATIONAL TRUST COMPANY, not in its individual capacity,
                    but solely as
                    Trustee

                
	 	 	 
	 	
                  By:

                	 

        

        

        This
          is
          one of the 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-FF8

        Asset-Backed
          Certificates,

        SERIES
          2006-FF8

         

        This
          Certificate is one of a duly authorized issue of Certificates designated
          as
          First Franklin Mortgage Loan Trust 2006-FF8, Asset-Backed Certificates,
          Series
          2006-FF8 (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 July 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-19

         

        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

                	
                  :

                	
                  June
                    1, 2006

                
	
                  First
                    Distribution Date

                	
                  :

                	
                  July
                    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-FF8

        Asset-Backed
          Certificates,

        Series
          2006-FF8

        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 June 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:
          June __, 2006

         

        
          	 	
                  FIRST
                    FRANKLIN MORTGAGE LOAN TRUST 2006-FF8

                   

                   

                  DEUTSCHE
                    BANK NATIONAL TRUST COMPANY, not in its individual capacity,
                    but solely as
                    Trustee

                
	 	 	 
	 	
                  By:

                	 

        

        

        This
          is
          one of the 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-FF8

        Asset-Backed
          Certificates,

        SERIES
          2006-FF8

         

        This
          Certificate is one of a duly authorized issue of Certificates designated
          as
          First Franklin Mortgage Loan Trust 2006-FF8, Asset-Backed Certificates,
          Series
          2006-FF8 (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 July 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-20

         

        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

                	
                  :

                	
                  June
                    1, 2006

                
	
                  First
                    Distribution Date

                	
                  :

                	
                  July
                    25, 2006

                
	
                  Percentage
                    Interest

                	
                  :

                	
                  100.00%

                
	
                  Class

                	
                  :

                	
                  R

                

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        First
          Franklin Mortgage Loan Trust 2006-FF8

        Asset-Backed
          Certificates,

        Series
          2006-FF8

        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 June 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:
          June __, 2006

         

        
          	 	
                  FIRST
                    FRANKLIN MORTGAGE LOAN TRUST 2006-FF8

                   

                   

                  DEUTSCHE
                    BANK NATIONAL TRUST COMPANY, not in its individual capacity,
                    but solely as
                    Trustee

                
	 	 	 
	 	
                  By:

                	 

        

        

        This
          is
          one of the 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-FF8

        Asset-Backed
          Certificates,

        SERIES
          2006-FF8

         

        This
          Certificate is one of a duly authorized issue of Certificates designated
          as
          First Franklin Mortgage Loan Trust 2006-FF8 Asset-Backed Certificates,
          Series
          2006-FF8 (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 July 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-21

         

        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

                	
                  :

                	
                  June
                    1, 2006

                
	
                  First
                    Distribution Date

                	
                  :

                	
                  July
                    25, 2006

                
	
                  Percentage
                    Interest

                	
                  :

                	
                  100.00%

                
	
                  Class

                	
                  :

                	
                  R-X

                

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        First
          Franklin Mortgage Loan Trust 2006-FF8

        Asset-Backed
          Certificates,

        Series
          2006-FF8

        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 June 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:
          June __, 2006

         

        
          	 	
                  FIRST
                    FRANKLIN MORTGAGE LOAN TRUST 2006-FF8

                   

                   

                  DEUTSCHE
                    BANK NATIONAL TRUST COMPANY, not in its individual capacity,
                    but solely as
                    Trustee

                
	 	 	 
	 	
                  By:

                	 

        

        

        This
          is
          one of the 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-FF8

        Asset-Backed
          Certificates,

        SERIES
          2006-FF8

         

        This
          Certificate is one of a duly authorized issue of Certificates designated
          as
          First Franklin Mortgage Loan Trust 2006-FF8, Asset-Backed Certificates,
          Series
          2006-FF8 (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 July 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 June 29, 2006 (this “Agreement”), among
            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”), as majority holder of the Class C
            Certificates, or its designee.

           

          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
            Lehman Brothers Special Financing Inc. (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 June 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-FF8 (the “Trust”), Asset-Backed Certificates, Series
            2006-2006-FF8 (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, as majority holder of the Class C Certificates, 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,
            as majority holder of the Class C Certificates, 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.   
              Replacement
            Cap Agreements.
            

           

          The
            Cap
            Trustee shall, at the direction of the NIMS Insurer, if any, or, with
            the
            consent of the NIMS Insurer, if any, at the direction of GCFP, as majority
            holder of the Class C Certificates, or its designee, enforce all of its
            rights
            and exercise any remedies under the Cap Agreement. In the event the Cap
            Agreement is terminated as a result of the designation by either party
            thereto
            of an Early Termination Date (as defined therein), GCFP, as majority
            holder of
            the Class C Certificates, or its designee, shall find a replacement counterparty
            to enter into a replacement Cap agreement.

           

          Any
            Cap
            Termination Payment received by the Cap Trustee, on behalf of the Cap
            Trust,
            from the Cap Provider shall be deposited into a separate, non-interest
            bearing
            account, established by the Cap Trustee and shall be used to make any
            upfront
            payment required under a replacement Cap agreement and any upfront payment
            received from the counterparty to a replacement Cap agreement shall be
            used to
            pay any Cap Termination Payment owed to the Cap Provider.

           

          Notwithstanding
            anything contained herein, in the event that a replacement Cap agreement
            cannot
            be obtained within 30 days after receipt by the Cap Trustee of the Cap
            Termination Payment paid by the terminated Cap Provider, the Cap Trustee
            shall
            deposit such Cap Termination Payment into a separate, non-interest bearing
            account, established by the Cap Trustee and the Cap Trustee shall, on
            each
            Distribution Date, withdraw from such account, an amount equal to the
            Net Cap
            Payment, if any, that would have been paid to the Trust by the original
            Cap
            Provider (computed in accordance with Exhibit A) and distribute such
            amount in
            accordance with Section 2(a) of this Agreement. On the Distribution Date
            immediately after the termination date of the original Cap Agreement,
            the Cap
            Trustee shall withdraw any funds remaining in such account and distribute
            such
            amount in accordance with Section 2(a)(ii) of this Agreement.

           

          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, as majority
            holder
            of the Class C Certificates, 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,
            as
            majority holder of the Class C Certificates, 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, as majority holder
            of the
            Class C Certificates, 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, as majority
            holder of the Class C Certificates, 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 as majority holder of the Class C Certificates, 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 as majority holder of the Class
            C
            Certificates, 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., as majority holder of the
                      Class C
                      Certificates

                  
	 
	 
	
                    By:

                  	 
	 	
                    Name: 

                  
	 	
                    Title: 

                  

          

          

          

          

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

              
              

            

          

          EXHIBIT
            A

           

          INTEREST
            RATE CAP AGREEMENT

           

          SEE
            EXHIBIT Q 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 June 6, 2006

           

          Adjustable-Rate
            and Fixed-Rate Mortgage Loans

           

          First
            Franklin Mortgage Loan Trust 2006-FF8

          

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

              
              

            

          

          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

                  

          

          

           

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

              
              

            

          

          MORTGAGE
            LOAN PURCHASE AGREEMENT, dated as of June 6, 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
            June 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-FF8 (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 of the
            Mortgage Loan 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 is subject to the requirements of the Home Ownership and
            Equity
            Protection Act of 1994 (“HOEPA”) and no Mortgage Loan is in violation of any
            comparable state law or ordinance similar to HOEPA;

           

          (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
            employs objective mathematical principles which relate the Mortgagor’s income,
            assets and liabilities to the proposed payment and such underwriting
            methodology
            does not rely on the extent of the Mortgagor’s equity in the collateral as the
            principal determining factor in approving such credit extension. Such
            underwriting methodology confirmed that at the time of origination
            (application/approval) the Mortgagor had a reasonable 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 Standard & Poor’s LEVELS Version 5.6 Glossary Revised,
            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 borrower
            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, disability, accident or health insurance policy
            in
            connection with the origination of the Mortgage Loan and no proceeds
            from any
            such Group I Mortgage Loan were used to purchase single premium credit
            insurance
            policies as part of the origination of, or as a condition to closing
            such Group
            I 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” (whether or not financed) in an amount greater than 5% of the
            principal amount of the related Group I Mortgage Loan, such 5% limitation
            is
            calculated in accordance with FNMA’s anti-predatory lending requirements as set
            forth in the FNMA Selling Guide;

           

          (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, unless at the
            time of
            origination; such mortgagor did not qualify taking into account credit
            history
            and debt to income ratios for a lower cost credit product then offered
            by the
            Originator or any affiliate of the Originator. If, at the time of loan
            application, the mortgagor may have qualified for a lower cost credit
            product
            then offered by any mortgage lending affiliate of the Originator, the
            Originator
            referred the mortgagor’s application to such affiliate for underwriting
            consideration;

           

          (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 borrower 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 has an original
            principal balance that exceeds the applicable Freddie Mac loan limit
            (as set
            forth in the table below):

           

          
            	
                    Number
                      of Units

                  	
                    Maximum
                      Original Loan Amount of 

                    First
                      Lien Mortgage

                  
	 	
                    Continental
                      United States or Puerto Rico

                  	
                    Alaska,
                      Guam, Hawaii or

                    Virgin
                      Islands

                  
	
                    1

                  	
                    $417,000

                  	
                    $625,500

                  
	
                    2

                  	
                    $533,850

                  	
                    $800,775

                  
	
                    3

                  	
                    $645,300

                  	
                    $967,950

                  
	
                    4

                  	
                    $801,950

                  	
                    $1,202,925

                  

          

           

          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

           

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

        

         

         

        MORTGAGE
          LOAN SCHEDULE

         

        Available
          Upon Request

        

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        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 June 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
          June 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

         

        June
          __,
          2006

         

        Financial
          Asset Securities Corp.

        600
          Steamboat Road

        Greenwich,
          Connecticut 06830

        
           

          
            	 	Re:	
                    Pooling
                      and Servicing Agreement dated as of June 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

                    

                  

          

           

        

        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 GC04FFH4

                   

                	
                  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 June 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 June 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-FF8, Asset-Backed Certificates, Series
                    2006-FF8

                

        

         

        Ladies
          and Gentlemen:

         

        In
          accordance with Section 2.02 of the Pooling and Servicing Agreement, the
          undersigned, as Trustee, 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 GC04FFH4

                   

                	
                  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 June 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-FF8,

                      Asset-Backed
                        Certificates Series 2006-FF8

                    

                  

          

           

        

        Ladies
          and Gentlemen:

         

        Pursuant
          to Section 3 of the Custodial Agreement, dated as of June 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-FF8,

          Asset
            Backed Certificates, Series 2006-FF8

           

           

          and

           

           

          WELLS
            FARGO BANK, N.A.,

          as
            Custodian

           

           

          and

           

           

          NATIONAL
            CITY HOME LOAN SERVICES, INC.,

          as
            Servicer

          

           

           

          CUSTODIAL
            AGREEMENT

           

          As
            of
            June 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

                  

          

          

          

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

              
              

            

          

           

          THIS
            CUSTODIAL AGREEMENT, dated as of June 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-FF8, Asset-Backed
            Certificates, Series 2006-FF8 (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
            June 6, 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-FF8, under a Pooling and Servicing Agreement,
            dated as
            of June 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, 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 or (B) to “Deutsche Bank National
            Trust Company, as Trustee, without recourse”;

           

          (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
            or
            substitution agreement, 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-FF8
(“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-FF8, 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-FF8 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-FF8, (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-FF8 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-FF8 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-FF8,
                      Asset-Backed
                      Certificates, Series 2006-FF8 

                  
	 	 
	
                    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 June 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
            2.01
            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
            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 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 June 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 June 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
            June 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

           

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

           

          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-FF8,

                  
	 	
                    Asset-Backed
                      Certificates Series 2006-FF8

                  

          

          Ladies
            and Gentlemen:

           

          Pursuant
            to Section 3 of the Custodial Agreement, dated as of June 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-FF8,
          Asset-Backed Certificates Series 2006-FF8, 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 (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

        
          
             

            
              	 	
                      Re:

                    	
                      
                        First
                          Franklin Mortgage Loan Trust 2006-FF8, 
                          Asset-Backed
                            Certificates Series
                            2006-FF8

                        

                      

                    

            

             

          

        

        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.

         

        

         

        
          	 	
                  WELLS
                    FARGO BANK, N.A., not in its individual capacity, but solely
                    as Trust 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-FF8, 
                          Asset-Backed
                            Certificates Series
                            2006-FF8

                        

                      

                    

            

             

          

        

        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-FF8

        ASSET-BACKED
          CERTIFICATES, SERIES 2006-FF8

         

        
          	
                  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 June 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-FF8, 
                          Asset-Backed
                            Certificates Series
                            2006-FF8

                        

                      

                    

            

             

            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-FF8, 
                        Asset-Backed
                          Certificates Series
                          2006-FF8

                      

                    

                  

          

        

         

        Dear
          Sirs:

         

        _______________________
          (the “Transferee”) intends to acquire from _____________________ (the
“Transferor”) $____________ Initial Certificate Principal Balance First Franklin
          Mortgage Loan Trust 2006-FF8, Asset-Backed Certificates Series 2006-FF8,
          Class
          [C][P][R[-X]] (the “Certificates”), issued pursuant to a Pooling and Servicing
          Agreement (the “Pooling and Servicing Agreement”) dated as of June 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:

                    	
                      
                        Soundview
                          Home Loan Trust, Series 2006-FF8 
                          Asset
                            Backed Certificates, Series
                            2006-FF8

                        

                      

                    

            

          

           

        

        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-FF8 (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-FF8 (the “Trust”) 
                            Asset-Backed
                              Certificates, Series
                              2006-FF8

                          

                        

                      

              

            

             

          

        

        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 June 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:

                      	
                        
                          Soundview
                            Home Loan Trust, Series 2006-FF8 
                            Asset
                              Backed Certificates, Series
                              2006-FF8

                          

                        

                      

              

            

             

          

        

        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 June 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

         

        FORM
          OF
          BASIS RISK CAP AGREEMENT

         

        
           

          
            	
                     

                      

                    

                  

          

          Revised
            Transaction

          

          

            
              	
                      Date:

                    	
                      21
                        June, 2006

                    
	 	 
	
                      To:

                    	
                      Deutsche
                        Bank National Trust Company, not in its individual capacity,
                        but solely as
                        Trustee with respect to the First Franklin Mortgage Loan
                        Trust 2006-FF8,
                        Asset-Backed Certificates, Series 2006-FF8

                    
	
                       

                    	Attention:
                      Swap
                      Administration
	 	 
	
                      From:

                    	
                      Lehman
                        Brothers Special Financing Inc.

                    
	 	
                      Kathy
                        Tsang - Transaction Management Group

                    
	
                       

                    	
                      Facsimile:
                        646-885-9551 (United States of America)

                    
	
                       

                    	
                      Telephone:
                        212-526-9080

                    
	 	 
	
                      Ref.
                        Numbers:

                    	
                      Risk
                        ID: 1240963L / Effort ID: N978060 / Global Deal ID:
                        2562756/2562485

                    
	 	 
	
                      SUBJECT:

                    	
                      CAP
                        TRANSACTION 

                    
	 	 
	 	 

            

             

          

          Dear
            Sir
            or Madam:

           

          The
            purpose of this communication is to set forth the terms and conditions
            of the
            interest rate transaction that has been entered into on the Trade Date
            referred
            to below (the “Transaction”), between Lehman Brothers Special Financing Inc.
            (“Party A”) and Deutsche
            Bank National Trust Company, not in its individual capacity, but solely
            as
            Trustee with respect to the First Franklin Morgage Loan Trust 2006-FF8,
            Asset-Backed Certificates, Series 2006-FF8 (“Party
            B”) formed under the Trust Agreement (defined below) which is governed
            by the
            laws of the State of New York. This communication constitutes a “Confirmation”
as referred to in the Master Agreement specified below. This
            Confirmation supersedes and replaces in its entirety any other confirmation
            referencing the Transaction to which this Confirmation
            relates.

          

          

          This
            Confirmation supplements, forms part of, and is subject to, the ISDA
            Master
            Agreement dated as of 29 June, 2006, as amended and supplemented from
            time to
            time, between Party A and Party B (the “Agreement”). All provisions contained in
            the Agreement shall govern this Confirmation except as expressly modified
            below.

           

          The
            definitions and provisions contained in the 2000 ISDA Definitions as
            published
            by the International Swaps and Derivatives Association, Inc. (the “Definitions”)
            are incorporated into this Confirmation. In the event of any inconsistency
            between the Definitions and the terms of this Confirmation, this Confirmation
            will govern. For the purpose of the Definitions, references herein to
            a
“Transaction” shall be deemed to be references to a “Swap
            Transaction”.

           

          Party
            A
            and Party B each represents that entering into the Transaction is within
            its
            capacity, is duly authorized and does not violate any laws of its jurisdiction
            of organization or residence or the terms of any agreement to which it
            is a
            party. Party A and Party B each represents that (a) it is not relying
            on the
            other party in connection with its decision to enter into this Transaction,
            and
            neither party is acting as an advisor to or fiduciary of the other party
            in
            connection with this Transaction regardless of whether the other party
            provides
            it with market information or its views; (b) it understands the risks
            of the
            Transaction and any legal, regulatory, tax, accounting and economic consequences
            resulting therefrom; and (c) it has determined based upon its own judgment
            and
            upon any advice received from its own professional advisors as it has
            deemed
            necessary to consult that entering into the Transaction is appropriate
            for such
            party in light of its financial capabilities and objectives. Party A
            and Party B
            each represents that upon due execution and delivery of this Confirmation,
            it
            will constitute a legally valid and binding obligation, enforceable against
            it
            in accordance with its terms, subject to applicable principles of bankruptcy
            and
            creditors’ rights generally and to equitable principles of general
            application.

           

          The
            terms
            of the particular Transaction to which this Confirmation relates are
            as
            follows:

           

          
            	
                    General
                      Terms:

                  	 
	
                    Trade
                      Date:

                  	
                    20
                      June, 2006

                  
	 	 
	
                    Effective
                      Date:

                  	
                    29
                      June, 2006

                  
	 	 
	
                    Termination
                      Date:

                  	
                    25
                      May, 2007, subject to adjustment in accordance with the Modified
                      Following
                      Business Day Convention.

                  
	 	 
	
                    Notional
                      Amount:

                  	
                    With
                      respect to each Calculation Period, the lesser of the Calculation
                      Amount
                      as set forth in Schedule A and the aggregate principal balance
                      of the
                      Reference Assets. 

                  
	 	 
	
                    Reference
                      Assets:

                  	
                    FFML2006-FF8
                      Class IA1 (Cusip: 320278AR5, Class IIA1 (Cusip: 320278AA2),
                      Class IIA2
                      (Cusip: 320278AB0), Class IIA3 (Cusip: 320278AC8), Class IIA4
                      (Cusip:
                      320278AD6), Class M1 (Cusip: 320278AE4), Class M2 (Cusip: 320278AF1),
                      Class M3 (Cusip: 320278AG9), Class M4 (Cusip: 320278AH7), Class
                      M5 (Cusip:
                      320278AJ3), Class M6 (Cusip: 320278AK0), Class M7 (Cusip: 320278AL8),
                      Class M8 (Cusip: 320278AM6), Class M9 (Cusip: 320278AN4), Class
                      M10
                      (Cusip: 320278AP9), Class M11 (Cusip: 320278AQ7), Class M12
                      (Cusip:
                      320278AS3). 

                  
	 	 
	
                    Principal
                      Balance:

                  	
                    As
                      reported on Bloomberg Financial Services, Inc. (“Bloomberg”) by entering
                      the “Cusip “ <Mtge> PDI4, <Go>. 

                  
	 	 
	
                    Fixed
                      Amounts:

                  	 
	
                    Fixed
                      Amount Payer:

                  	
                    Party
                      B; provided, however, that
                      in exchange for due consideration, the receipt and sufficiency
                      of which
                      are hereby acknowledged, Greenwich
                      Capital Markets Inc. will be making the Fixed Amount payment
                      to Party A on
                      behalf of Party B.

                  
	 	 
	
                    Floating
                      Amounts:

                  	 
	
                    Floating
                      Rate Payer:

                  	
                    Party
                      A

                  
	 	 
	
                    Floating
                      Rate:

                  	
                    The
                      greater of (A) and (B):

                    (A)  means
                      0.00%, and

                    (B)  means
                      the lesser of (i) USD-LIBOR-BBA with a Designated Maturity
                      of one month
                      minus
                      the Strike Rate (as set forth in Schedule A and (ii) Maximum
                      Rate (as set
                      forth in Schedule A).

                  
	 	 
	
                    Floating
                      Amount Payer 

                    Payment
                      Dates:

                  	
                    The
                      twenty-fifth (25th) calendar day of each month, commencing
                      July 25, 2006,
                      subject to adjustment in accordance with the Modified Following
                      Business
                      Day Convention.

                  
	 	 
	
                    Spread:

                  	
                    Inapplicable

                  
	 	 
	
                    Floating
                      Rate Day Count Fraction:

                  	
                    Actual/360

                  
	 	 
	
                    Reset
                      Dates:

                  	
                    The
                      first day of each Calculation Period

                  
	 	 
	
                    Business
                      Days:

                  	
                    New
                      York

                  

          

           

          Additional
            Provision:

          

          (w)
            Compliance with Regulation AB.

          

          (1)
            It
            shall be a swap disclosure event (“Swap Disclosure Event”) if, at any time after
            the date hereof, the Depositor or 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. 

          

          (2)
            (a)Upon the occurrence of a Swap Disclosure Event, 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: 

          

          (i)
            provide to the Sponsor and the Depositor: (i) if the Aggregate Significance
            Percentage is 10% or more, but less than 20%, the information required
            under
            Item 1115(b)(1) 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 

           

          (ii)
            assign its rights and delegate its obligations under the Transaction
            to a
            counterparty with the Approved Ratings Thresholds (or 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. 

          

          (b)
            For
            so long as the Aggregate Significance Percentage is 10% or more, Party
            A shall
            provide any updates to the information provided pursuant to clause (a)(ii)
            above
            to the Sponsor and the Depositor within five (5) Business Days following
            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 even more than 90
            days after the end of each of Party A’s fiscal year for any annual update).

          

          (c)
            All
            information provided pursuant to clauses (a)(i) and (b) 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).
            In addition, any such information, if audited, shall be accompanied by
            any
            necessary auditor’s consents. 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.   

          

          (3)
            If
            (a) Party A has failed to deliver any information, report, certification
            or
            accountants’ consent when and as required under (w)(2) above, which continues
            unremedied for the lesser of ten calendar days after the date on which
            such
            information, report, certification or accountants’ consent was required to be
            delivered or such period in which the applicable Exchange Act Report
            for which
            such information is required can be timely filed and (b) Party A has
            not, at its
            own cost, within the period in which the applicable Exchange Act Report
            for
            which such information is required can be timely filed caused another
            entity to
            replace Party A as party to this Agreement that (i) has signed an agreement
            with
            Party B and the related Depositor substantially in the form of this Agreement,
            (ii) has agreed to deliver any information, report, certification or
            accountants’ consent when and as required under this clause (w)(2) above and
            (iii) is approved by the related Depositor (which approval shall not
            be
            unreasonably withheld) and any rating agency, if applicable, on terms
            substantially similar to the Derivative Agreement, then Party A shall
            promptly
            reimburse the Issuing Entity, the present and former respective officers,
            directors, employees and agents of the Issuing Entity and any such controlling
            person for any legal or other expenses reasonably incurred by it or any
            of them
            in connection with investigating or defending any such losses, claims,
            liabilities, damages, penalties, fines, forfeitures, legal fees or expenses
            or
            related costs, judgments, or any other costs, fees or expenses, as and
            when
            incurred; provided that the foregoing indemnity by Party A shall not
            apply to
            the lost profits of the Issuing Entity or any such related party.

          

          
            	
                    Miscellaneous:

                  	 
	 	 
	
                    Calculation
                      Agent:

                  	
                    Party
                      A

                  

          

           

          Please
            confirm your agreement with the foregoing by executing this Confirmation
            and
            returning such Confirmation, in its entirety, to us at facsimile number
            646-885-9551 (United States of America), Attention: Documentation.

           

          
            	
                    Yours
                      sincerely,

                  	
                    Accepted
                      and agreed to:

                  
	 	 
	
                    Lehman
                      Brothers Special Financing Inc.

                  	
                    Deutsche
                      Bank National Trust Company, not in its individual capacity,
                      but solely as
                      Trustee with respect to the First Franklin Mortgage Loan Trust
                      2006-FF8,
                      Asset-Backed Certificates, Series
                      2006-FF8

                  
	 	
                     

                     

                    By:
                      ________________________

                    Name:

                    Title:

                  

          

          

           

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

           

          Schedule
            A

          

          
            	
                    *Calculation
                      Period from and including

                  	
                    *Calculation
                      Period up to but excluding

                  	
                    Strike
                      Rate (%)

                  	
                    Maximum
                      Rate (%)

                  	
                    Calculation
                      Amount (in USD)

                  
	
                    6/29/2006

                  	
                    7/25/2006

                  	
                    8.58332

                  	
                    1.91668

                  	
                    840,036,000.00

                  
	
                    7/25/2006

                  	
                    8/25/2006

                  	
                    7.19894

                  	
                    3.30106

                  	
                    836,099,462.00

                  
	
                    8/25/2006

                  	
                    9/25/2006

                  	
                    7.19909

                  	
                    3.30091

                  	
                    830,389,974.00

                  
	
                    9/25/2006

                  	
                    10/25/2006

                  	
                    7.43909

                  	
                    3.06091

                  	
                    822,895,668.00

                  
	
                    10/25/2006

                  	
                    11/27/2006

                  	
                    7.19927

                  	
                    3.30073

                  	
                    813,615,627.00

                  
	
                    11/27/2006

                  	
                    12/27/2006

                  	
                    7.44117

                  	
                    3.05883

                  	
                    802,559,890.00

                  
	
                    12/27/2006

                  	
                    1/25/2007

                  	
                    7.20117

                  	
                    3.29883

                  	
                    789,750,424.00

                  
	
                    1/25/2007

                  	
                    2/26/2007

                  	
                    7.20120

                  	
                    3.2988

                  	
                    775,220,050.00

                  
	
                    2/26/2007

                  	
                    3/26/2007

                  	
                    7.97292

                  	
                    2.52708

                  	
                    759,018,876.00

                  
	
                    3/26/2007

                  	
                    4/25/2007

                  	
                    7.20369

                  	
                    3.29631

                  	
                    741,204,501.00

                  
	
                    4/25/2007

                  	
                    5/25/2007

                  	
                    7.44394

                  	
                    3.05606

                  	
                    721,850,998.00

                  

          

           

          *subject
            to adjustment in accordance with
            the
            relevant Business Day Convention.

           

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

           

          

            (Multicurrency-Cross
              Border) 

            ISDAâ

            

            International
              Swap Dealers Association, Inc.

            

            MASTER
              AGREEMENT

            

            dated
              as
              of June 29, 2006

            

            
              	
                      LEHMAN
                        BROTHERS 

                      SPECIAL
                        FINANCING INC.

                    	 	
                      DEUTSCHE
                        BANK NATIONAL TRUST COMPANY,
                        NOT IN ITS INDIVIDUAL CAPACITY, BUT SOLELY AS TRUSTEE WITH
                        RESPECT TO THE FIRST FRANKLIN MORTGAGE LOAN TRUST 2006-FF8,
                        ASSET BACKED
                        CERTIFICATES, SERIES
                        2006-FF8

                    

            

             

            have
              entered and/or anticipate entering into one or more transactions (each
              a
“Transaction”) that are or will be governed by this Master Agreement, which
              includes the schedule (the “Schedule”), and the documents and other confirming
              evidence (each a “Confirmation”) exchanged between the parties confirming those
              Transactions.

             

            Accordingly,
              the parties agree as follows:3⁄4

             

            1.          
                  Interpretation

             

            (a)           
               Definitions.
              The
              terms defined in Section 14 and in the Schedule will have the meanings
              therein
              specified for the purpose of this Master Agreement. 

             

            (b)          
               Inconsistency. 
              In the
              event of any inconsistency between the provisions of the Schedule and
              the other
              provisions of this Master Agreement, the Schedule will prevail. In
              the event of
              any inconsistency between the provisions of any Confirmation and this
              Master
              Agreement (including the Schedule), such Confirmation will prevail
              for the
              purposes of the relevant Transaction.

             

            (c)         
               Single
              Agreement.
              All
              Transactions are entered into in reliance on the fact that this Master
              Agreement
              and all Confirmations form a single agreement between the parties (collectively
              referred to as this “Agreement”), and the parties would not otherwise enter into
              any Transactions.

             

            2.           
               Obligations

             

            (a)         
               General
              Conditions.

             

            (i)   
               Each party will make each payment or delivery specified in each
              Confirmation to be made by it, subject to the other provisions of this
              Agreement.

             

            (ii)  
              Payments under this Agreement will be made on the due date for value
              on that
              date in the place of the account specified in the relevant Confirmation
              or
              otherwise pursuant to this Agreement, in freely transferable funds and
              in
              the manner customary for
              payments in the required currency.
              Where settlement is by delivery (that is, other than by payment), such
              delivery
              will be made for receipt on the due date in the manner customary for
              the
              relevant obligation unless otherwise specified in the relevant Confirmation
              or
              elsewhere in this Agreement.

             

            (iii)
              Each obligation of each party under Section 2(a)(i) is subject to (1)
              the
              condition precedent that no Event of Default or Potential Event of
              Default with
              respect to the other party has occurred and is continuing, (2) the
              condition
              precedent that no Early Termination Date in respect of the relevant
              Transaction
              has occurred or been effectively designated and (3) each other applicable
              condition precedent specified in this Agreement.

             

            
              
                
                

              

              
                
                

                
                  

                

              

              
                
                

              

            

            value
              of
              that which was (or would have been) required to be delivered as of
              the
              originally scheduled date for delivery, in each case together with
              (to the
              extent permitted under applicable law) interest, in the currency of
              such
              amounts, from (and including) the date
              such
              amounts or obligations were or
              would
              have been
              required to have been paid or performed to (but excluding) such
              Early Termination Date, at the Applicable Rate. Such amounts of interest
              will be
              calculated on the basis of daily compounding and the actual number
              of days
              elapsed. The fair market value of any obligation referred to in clause
              (b) above
              shall be reasonably determined by the party obliged to make the determination
              under Section 6(e) or, if each party is so obliged, it shall be the
              average of
              the Termination Currency Equivalents of the fair market values reasonably
              determined by both parties.

             

            IN
              WITNESS WHEREOF the parties have executed this document on the respective
              dates
              specified below with effect from the date specified on the first page
              of this
              document.

             

            
              	
                      LEHMAN
                        BROTHERS 

                      SPECIAL
                        FINANCING INC.

                    	 	
                      DEUTSCHE
                        BANK NATIONAL TRUST COMPANY, NOT
                        IN ITS INDIVIDUAL CAPACITY, BUT SOLELY AS TRUSTEE
                        WITH
                        RESPECT TO
                        THE FIRST FRANKLIN MORTGAGE LOAN TRUST 2006-FF8, ASSET BACKED
                        CERTIFICATES, SERIES 2006-FF8

                    
	
                      (Name
                        of Party)

                    	 	
                      (Name
                        of Party)

                    
	
                       

                       

                       

                    	 	 
	 	 	 
	
                      Name:

                    	 	
                      Name:

                    
	
                      Title:

                    	 	
                      Title:

                    
	
                      Date:

                    	 	
                      Date:

                    

            

            

            
              
                
                

              

              
                
                

                
                  

                

              

              
                
                

                
                

              

            

            Revised
              3/7/02 

            (Multicurrency-Cross
              Border)

            

            SCHEDULE

            to
              the

            Master
              Agreement

            dated
              as
              of June 29, 2006

            between
              

            LEHMAN
              BROTHERS SPECIAL FINANCING INC.
              (“Party
              A”), 

            a
              corporation organized under the laws of 

            the
              State
              of Delaware 

            and

            DEUTSCHE
              BANK NATIONAL TRUST COMPANY,
              NOT IN
              ITS INDIVIDUAL CAPACITY, BUT SOLELY AS TRUSTEE
              WITH
              RESPECT TO
              THE FIRST FRANKLIN MORTGAGE LOAN TRUST 2006-FF8, ASSET BACKED CERTIFICATES,
              SERIES 2006-FF8
              (“Party
              B”)

            

            All
              terms used herein and not otherwise defined are given their meaning
              in the
              Pooling and Servicing Agreement dated as of June 1, 2006 First 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”).

            

            Part
              1: Termination Provisions

            

            In
              this
              Agreement:-

            

            
              	
                      (a)

                    	
                      “Specified
                        Entity”
                        means in relation to Party A for the purpose
                        of:-

                    

            

             

            
              
                	
                        
                          Section
                            5(a)(v),

                        

                      	
                         

                      	
                        Not
                          applicable.

                      
	
                        Section
                          5(a)(vi),

                      	
                         

                      	
                        Not
                          applicable.

                      
	
                        Section
                          5(a)(vii),

                      	
                         

                      	
                        Not
                          applicable.

                      
	
                        Section
                          5(b)(iv),

                      	
                         

                      	
                        Not
                          applicable.

                      

              

               

                and
                  in
                  relation to Party B for the purpose of:-

                 

              

              
                	
                        Section
                          5(a)(v),

                      	
                         

                      	
                        Not
                          applicable.

                      
	
                        Section
                          5(a)(vi),

                      	
                         

                      	
                        Not
                          applicable.

                      
	
                        Section
                          5(a)(vii),

                      	
                         

                      	
                        Not
                          applicable.

                      
	
                        Section
                          5(b)(iv),

                      	
                         

                      	
                        Not
                          applicable.

                      

              

               

            

            
              	
                      (b)

                    	
                      “Specified
                        Transaction”
                        will have the meaning specified in Section
                        14
                        of
                        this Agreement. 

                    

            

            

            
              	
                      (c)
                        

                    	
                      Events
                        of Default:

                    

            

            

            (i) The
              “Breach
              of Agreement”
              provisions of Section 5(a)(ii) will apply to Party A and will not apply
              to Party
              B.

            

            (ii)
               The
              “Credit
              Support Default”
              provisions of Section 5(a)(iii) will apply to Party A and will not
              apply to
              Party B. 

            

            (iii)
               The
              “Misrepresentation”
              provisions of Section 5(a)(iv) will not apply to Party A and will not
              apply to
              Party B.

            

            (iv)
               
              The
“Default
              under Specified Transaction”
              provisions of Section 5(a)(v) will not apply to Party A and will not
              apply to
              Party B.

            

            (v) “Cross
              Default”
              provisions of Section
              5(a)(vi)
              will not
              apply to Party A and will not apply to Party B.

            

            (vi)
               Clause
              (2) of the “Bankruptcy”
              provisions of Section 5(a)(vii) will not apply to Party B with respect
              to its
              inability to pay its subordinated debt.

            

            
              	
                      (d)

                    	
                      Termination
                        Events:

                    

            

            

            (i) 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, Market Quotation and Second Method will apply.
                        

                    

            

             

            
              
                	
                        (g) 

                      	“Termination Currency”
                        means USD.

              

               

            

            
              	
                      (h)

                    	
                      Additional
                        Termination Events
                        will apply. Each of the following shall constitute an Additional
                        Termination Event:

                    

            

            

            (A)
              Payment
              of Notes prior to Termination Date.
              

            

            (i)
              If,
              at any time, the Terminator (as defined in the Pooling and Servicing
              Agreement)
              purchases the Mortgage Loans pursuant to Section 10.01 of the Pooling
              and
              Servicing Agreement, then an Additional Termination Event shall have
              occurred
              with respect to Party B with Party B as the sole Affected Party with
              respect to
              such Additional Termination Event. Notwithstanding the provisions of
              section
              6(b)(iv) of this Agreement, either Party A or Party B may designate
              an Early
              Termination Date in respect of this Additional Termination Event;
              provided,
              further,
              that such Early Termination Date shall not be prior to the final Distribution
              Date.

            

            (ii)
              If
              the Trustee is unable to pay to its Class A Certificates or fails or
              admits in
              writing its inability to pay its Class A Certificates (a) on any related
              Monthly
              Interest Distributable Amount or (b) with respect to any amount in
              respect of
              principal required to be paid pursuant to the terms of the Pooling
              and Servicing
              Agreement, then an Additional Termination Event shall have occurred
              with respect
              to Party B with Party B as the sole Affected Party with respect to
              such
              Additional Termination Event.

            

            

            (B) Approved
              Ratings Threshold.
              Upon
              the
              occurrence of a Collateralization Event (as defined below) if Party
              A has not,
              within 30 days after such ratings downgrade (unless, within 30 days
              after such
              downgrade, each such Rating Agency has reconfirmed the rating of the
              Certificates and any notes backed by the Certificates (the “Notes”) which was in
              effect immediately prior to such downgrade without regard to any financial
              guarantee insurance policy, if applicable, unless the rating of the
              Certificates
              and any Notes was changed due to a circumstance other than the downgrading
              of
              Party A's (or its Credit Support Providers’ rating), complied with one of the
              four solutions listed 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. 

            

            In
              the
              event that (A) either (i) the unsecured, long-term senior debt obligations
              of
              Party A (or its Credit Support Provider) are rated below “A1” by Moody's or are
              rated “A1” by Moody's and such rating is on watch for possible downgrade (but
              only for so long as it is on watch for possible downgrade) or (ii)
              the
              unsecured, short-term debt obligations of Party A (or its Credit Support
              Provider) are rated below “P-1” by Moody's or are rated “P-1” by Moody's and
              such rating is on watch for possible downgrade (but only for so long
              as it is on
              watch for possible downgrade), (B) no short-term rating is available
              from
              Moody’s and the unsecured, long-term senior debt obligations of Party A (or
              its
              Credit Support Provider) are rated below "Aa3" by Moody's or are rated
“Aa3” by
              Moody's and such rating is on watch for possible downgrade (but only
              for so long
              as it is on watch for possible downgrade), or (C) either (i) the unsecured,
              short-term debt obligations of Party A (or its Credit Support Provider)
              are
              rated below “A-1” by S&P or (ii) if Party A (or its Credit Support Provider)
              does not have a short-term rating from S&P, the unsecured, long-term senior
              debt obligations of Party A (or its Credit Support Provider) are rated
              below
“A+” by S&P (such event a “Collateralization Event”), then, Party A, at its
              own cost and subject to Rating Agency Condition (other than with respect
              to
              sub-clause (iii) below), shall within 30 days either (i) cause another
              entity to
              replace Party A as party to this Agreement that satisfies the Swap
              Counterparty
              Ratings Requirement and that is approved by the Trustee (which approval
              shall
              not be unreasonably withheld) on terms substantially similar to this
              Agreement;
              (ii) obtain a guaranty of, or a contingent agreement of another person
              that
              satisfies the Swap Counterparty Ratings Requirement),
              to
              honor Party A's obligations under this Agreement, provided that such
              other
              person is approved by the Trustee such approval not to be unreasonably
              withheld;
              (iii) post collateral in accordance with the Credit Support Annex attached
              hereto; or (iv) establish any other arrangement satisfactory to the
              applicable
              Rating Agency which will be sufficient to restore the immediately prior
              ratings
              of the Certificates and any Notes without regard to any financial guarantee
              policy, if applicable, that satisfies the Swap Counterparty Ratings
              Requirements. If
              Party
              A posts collateral in any circumstance described in this paragraph,
              and if
              required at the time by S&P or necessary to satisfy the Rating Agency
              Condition, concurrently with such delivery of Eligible Collateral,
              Party A shall
              cause its outside counsel to deliver to Party B an opinion in form
              and substance
              acceptable to S&P, as to the enforceability, perfection and priority of
              Party B’s security interest in such Eligible Collateral in all relevant
              jurisdictions (i.e., that, notwithstanding Party A’s insolvency, the collateral
              will be available to meet swap obligations free from any preference
              claim or
              moratorium). All collateral posted by Party A shall be returned to
              Party A
              immediately upon Party A securing a substitute counterparty that satisfies
              the
              Swap Counterparty Ratings Requirements. 

            

            “Swap
              Counterparty Ratings Requirement"
              shall
              mean (a) either (i) the unsecured, short-term debt obligations of the
              substitute
              counterparty (or its Credit Support Provider) are rated at least "A-1"
              by
              S&P or (ii) if the substitute counterparty does not have a short-term
              rating
              from S&P, the unsecured, long-term senior debt obligations of the substitute
              counterparty (or its Credit Support Provider) are rated at least "A+"
              by
              S&P, and (b) either (i) the unsecured, long-term senior debt obligations
              of
              such substitute counterparty (or its Credit Support Provider) are rated
              at least
              "A1" by Moody's (and if rated "A1" by Moody's, such rating is not on
              watch for
              possible downgrade) and the unsecured, short-term debt obligations
              of such
              substitute counterparty (or its Credit Support Provider) are rated
              at least
              "P-1" by Moody's (and if rated "P-1" by Moody's, such rating is not
              on watch for
              possible downgrade and remaining on watch for possible downgrade),
              or (ii) if
              such substitute counterparty (or its Credit Support Provider) does
              not have a
              short-term debt rating from Moody's, the unsecured, long-term senior
              debt
              obligations of such substitute counterparty (or its Credit Support
              Provider) are
              rated at least "Aa3" by Moody's (and if rated "Aa3" by Moody's, such
              rating is
              not on watch for possible downgrade).

             

            (C)
              Ratings
              Event.
              Upon the
              occurrence of a Ratings Event (as defined below) Party A has not, within
              10 days
              after such rating withdrawal or downgrade (unless, within 10 days after
              such
              withdrawal or downgrade, each such Rating Agency has reconfirmed the
              rating of
              the Certificates and any Notes which was in effect immediately prior
              to such
              withdrawal or downgrade without regards to any financial guarantee
              insurance
              policy, if applicable unless the rating of the Certificates and the
              Notes was
              changed due to a circumstance other than the withdrawal or downgrading
              of Party
              A's (or its Credit Support Provider’s) rating), complied with one of the
              solutions listed 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.

            

            It
              shall
              be a ratings event (“Ratings Event”) if at any time after the date hereof Party
              A shall fail to satisfy the Swap Counterparty Ratings Threshold. “Swap
              Counterparty Ratings Threshold” shall mean that both (A) the unsecured,
              long-term senior debt obligations of Party A (or its Credit Support
              Provider)
              are rated at least “BBB-” by S&P, and (B) either (i) the unsecured,
              long-term senior debt obligations of Party A (or its Credit Support
              Provider)
              are rated at least “A2" by Moody’s (including if such rating is on watch for
              possible downgrade) and the unsecured, short-term debt obligations
              of Party A
              (or its Credit Support Provider) are rated at least “P-1” by Moody’s (including
              if such rating is on watch for possible downgrade) or (ii) if Party
              A (or its
              Credit Support Provider) does not have a short-term rating from Moody’s, the
              unsecured, long-term senior debt obligations of Party A (or its Credit
              Support
              Provider) are rated at least “A1” by Moody’s (including if such rating is on
              watch for possible downgrade).

            

            Following
              a Ratings Event, Party A shall take the following actions at
              its
              own expense and subject to the Rating Agency Condition (other than
              with respect
              to sub-clause (A) hereafter), (A) immediately post collateral in accordance
              with
              the Credit Support Annex attached hereto (until such time as it has
              secured a
              substitute counterparty or a guarantor that satisfies the Swap Counterparty
              Ratings Requirement), and (B) not later than 10 days after the occurrence
              of
              such a downgrade or withdrawal by S&P
              or Moody’s,
              either
              (I) assign all of its rights and obligations under the Transactions
              to a
              counterparty that satisfies the Swap Counterparty Ratings Requirement
              or whose
              guarantor satisfies the Swap Counterparty Ratings Requirement pursuant
              to
              documentation substantially similar to the documentation then in place
              and
              subject to prior notification to the Rating Agencies, or (II) provide
              a guaranty
              from a guarantor that satisfies the Swap Counterparty Ratings Requirement
              pursuant to documentation substantially similar to the documentation
              then in
              place and subject to prior notification to the Rating Agencies.

            

            The
              occurrence of the Additional Termination Event described in Part 1(h)(A)
              and (B)
              shall have no effect on Party A’s obligation to undertake the steps set forth
              hereunder in the event Party B does not exercise its right to terminate
              hereunder. Notwithstanding the foregoing, in the event that S&P
              has
              other published criteria with respect to the downgrade of a counterparty
              in
              effect at the time of such a downgrade of Party A, Party A shall be
              entitled to
              elect to take such other measures specified in such published criteria
              subject
              to the satisfaction of the Rating Agency Condition.

            

            

            (D)
              Amendment or Supplement
              to Pooling and Servicing Agreements without Party
              A’s
              Prior Written Consent.
              Party B
              enters into an amendment or supplement to the Pooling and Servicing
              Agreement or
              other modification to the Pooling and Servicing Agreement that could
              reasonably
              be expected to have a material adverse effect on Party A without prior
              notice to Party A and the prior written consent of Party A
              (such
              consent not to be unreasonably withheld or delayed). For
              the
              purpose of the foregoing Additional Termination Event, Party B shall
              be the sole
              Affected Party. 

            

            

            (E)
              Return
              of Collateral.
              Party B
              or its Custodian fails to transfer any Return Amount pursuant to the
              terms of
              the Credit Support Annex following any applicable notice, cure and
              grace periods
              provided for thereunder. For the purpose of the foregoing Termination
              Event,
              Party B shall be the sole Affected Party.

            

            

            

            Part
              2: Tax Representations

            

            (a)              
              Payer
              Tax Representations.
              For the
              purpose of Section
              3(e)
              of this
              Agreement, Party A and Party B will each make the following
              representation:

            

            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 Sections
              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 (i) the accuracy of any representation
              made
              by the other party pursuant to Section
              3(f)
              of this
              Agreement, (ii) the satisfaction(s) of the agreement of the other party
              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)
              of this
              Agreement by reason of material prejudice to its legal or commercial
              position.

             

            (b)           
                Payee
              Tax Representations.
              

            

            For
              the
              purpose of Section
              3(f)
              of this
              Agreement, Party A represents that it is a corporation duly organized
              and
              validly existing under the laws of the State of Delaware and Party
              B represents
              that it is a
“United
              States person” as such term is defined in Section 7701(a)(30) of the Internal
              Revenue Code of 1986, as amended. 

            

            (c)                
               Tax
              Representations in Confirmations. For
              purposes of Sections
              2(d)(i)(4)
              and
3(f),
              any
              payee tax representation specified in a Confirmation under this Agreement
              shall
              be deemed to be specified in this Schedule.

             

            
              	
                      (d)

                    	
                      Deduction
                        or Withholding for Tax.
                        The provisions of Section 2(d)(i)(4) and 2(d)(ii) will not
                        apply to Party
                        B and Party B shall not be required to pay any additional
                        amounts referred
                        to therein.

                    

            

             

            

            Part
              3: Agreement to Deliver Documents

            

            For
              the
              purpose of Sections
              4(a)(i)
              and
              (ii)
              of this
              Agreement, each party agrees to deliver the following documents, as
              applicable:-

            

            (a)  
               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 and Party B

                    	
                       

                      Forms
                        and/or documents described in Section
                        4(a)(iii)
                        of
                        the Agreement.

                    	
                       

                      Upon
                        reasonable demand by the other
                        party.

                    

            

            

            (b)  
               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)

                    
	
                      Party
                        A and Party B

                    	
                      For
                        each party, an incumbency certificate with respect to each
                        signatory to
                        this Agreement and the Credit Support Documents.

                    	
                      Upon
                        execution of this Agreement.

                    	
                      Yes

                    
	
                      Party
                        A 

                    	
                      A
                        copy of the annual report of its Credit Support Provider
                        containing
                        audited consolidated financial statements for such fiscal
                        year certified
                        by independent public accountants and prepared in accordance
                        with
                        generally accepted accounting principles consistently
                        applied.

                    	
                      Upon
                        request.

                    	
                      Yes

                    
	
                      Party
                        A 

                    	
                      For
                        its most recent fiscal quarter, a copy of the unaudited financial
                        statements of its Credit Support Provider, prepared in accordance
                        with
                        generally accepted accounting principles consistently
                        applied.

                    	
                      Upon
                        request.

                    	
                      Yes

                    
	
                      Party
                        A and Party B

                    	
                      (i)
                        In the case of Party A, a copy of the resolutions or other
                        action of the
                        board of directors of each of Party A and its Credit Support
                        Provider and
                        (ii) in the case of Party B, (x) Evidence of authority of
                        Party B or its
                        Credit Support Provider, the Pooling and Servicing Agreement
                        or other
                        document of Party B, pursuant to which Party B is authorized
                        to enter into
                        this Agreement, each Credit Support Document to which it
                        is a party, and
                        each Transaction from time to time entered into hereunder
                        (the
                        “Authorizing Resolution”). 

                    	
                      Upon
                        execution of this Agreement.

                    	
                      Yes

                    
	
                      Party
                        A

                    	
                      A
                        guarantee of Lehman Brothers Holdings Inc. (“Holdings”) substantially in
                        the form of Exhibit
                        A
                        to
                        this Schedule.

                    	
                      Upon
                        execution of this Agreement

                    	
                      No

                    
	
                      Party
                        B

                    	
                      An
                        opinion of counsel to Party B substantially in the form of
Exhibit
                        B
                        to
                        this Schedule. 

                    	
                      Upon
                        execution of this Agreement

                    	
                      No

                    
	
                      Party
                        A

                    	
                      An
                        opinion of counsel to Party A substantially in the form of
Exhibit
                        C
                        to
                        this Schedule. 

                    	
                      Upon
                        execution of this Agreement

                    	
                      No

                    
	
                      Party
                        B

                    	
                      Filings
                        of Reports by Trustee

                    	
                      In
                        accordance with Pooling and Servicing Agreement.

                    	
                      Yes

                    

            

            

            

            Part
              4: Miscellaneous

            

            (a)         
               Addresses
              for Notices.
              For the
              purpose of Section
              12(a)
              of this
              Agreement:-

            

            Address
              for notices or communications to Party A:-

            

              
                	 	
                        Address:

                      	
                        Lehman
                          Brothers Special Financing Inc.

                      
	 	
                      	
                        
                          c/o
                            Lehman Brothers Inc. 

                        

                      
	 	
                         

                      	
                        
                          Corporate
                            Advisory Division

                        

                      
	 	
                         

                      	
                        
                          Transaction
                            Management Group

                        

                      
	 	
                         

                      	
                        745
                          Seventh Avenue

                      
	 	
                         

                      	
                        New
                          York, New York 10019

                      
	 	
                         

                      	
                         

                      
	 	
                        Attention:

                      	
                        Documentation
                          Manager

                      
	 	
                        Telephone
                          No.:

                      	
                        (212)
                          526-7187

                      
	 	
                        Facsimile
                          No.:

                      	
                        (212)
                          526-7672

                      
	 	
                         

                      	
                        
                          For
                            all purposes.

                        

                      
	 	
                         

                      	
                         

                      
	 	
                        Address
                          for notices or communications to Party B:-

                      
	 	
                         

                      	
                         

                      
	 	
                        Address:

                      	
                        
                          Deutsche
                            Bank National Trust Company

                        

                      
	 	
                      	
                        
                          1761
                            East Saint Andrew Place

                        

                      
	 	
                      	
                        
                          Santa
                            Ana, CA 92705

                        

                      
	 	
                         

                      	
                         

                      
	 	
                        Attention:

                      	
                        First
                          Franklin 2006-FF8 Cap reference: GC06Z

                      
	 	
                        Telephone
                          No.:

                      	
                        (714)
                          247-6000

                      
	 	
                        Facsimile
                          No.:

                      	
                        (714)
                          244-6285

                      

              

               

            

            For
              all
              purposes.

            

            (b)         
              Process
              Agent.
              For the
              purpose of Section
              13(c)
              of this
              Agreement:-

            

            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 not a Multibranch Party.

            
              	 	
                      Party
                        B is not a Multibranch Party.

                    

            

            

            
              	
                      (e)

                    	
                      Calculation
                        Agent.
                        The Calculation Agent is Party A.

                    

            

            

            
              	
                      (f)

                    	
                      Credit
                        Support Document. 

                    

            

            

            
              	 	
                      In
                        the case of Party A: (1) A guarantee of Party A's obligations
                        hereunder
                        substantially in the form annexed hereto as Exhibit
                        A
                        to
                        this Schedule. (2) The Credit Support Annex which supplements,
                        forms part
                        of, and is subject to this
                        Agreement.

                    

            

            

            In
              the
              case of Party B: the Pooling and Servicing Agreement. 

            

            (g)        
               Credit
              Support Provider. 

            

            Credit
              Support Provider means in relation to Party A: Lehman Brothers Holdings
              Inc.

            

            Credit
              Support Provider means in relation to Party B: None.

            

            
              	
                      (h)

                    	
                      Governing
                        Law. This
                        Agreement will be governed by and construed in accordance
                        with the laws of
                        the State of New York (without reference to choice of law
                        doctrine other
                        than Sections 5-1401 and 5-1402 of the New York General Obligations
                        Law).

                    

            

            

            
              	
                      (i)

                    	
                      Jurisdiction. Section
                        13(b)
                        is
                        hereby amended by: (i) deleting in the second line of subparagraph
                        (i)
                        thereof the word “non-”; and (ii) deleting the final paragraph
                        thereof.

                    

            

            

            
              	
                      (j)

                    	
                      Netting
                        of Payments. Subparagraph
                        (ii)
                        of
                        Section
                        2(c)
                        of
                        this Agreement will apply.

                    

            

            

            
              	
                      (k)

                    	
                      “Affiliate”
                        will
                        have the meaning specified in Section
                        14
                        of
                        this Agreement, except that Party B shall be deemed to have
                        no Affliates
                        and; provided,
                        however,
                        that with respect to Party A, such definition shall be understood
                        to
                        exclude Lehman Brothers Derivative Products Inc. and Lehman
                        Brothers
                        Financial Products Inc.

                    

            

             

            Part
              5: Other Provisions

            

            
              	
                       (a)

                    	
                      Accuracy
                        of Specified Information. Section
                        3(d)
                        is
                        hereby amended by inserting in the third line thereof after
                        the words “in
                        every material respect” and before the period the phrase “or, in the case
                        of audited or unaudited financial statements, a fair presentation,
                        in all
                        material respects, of the financial condition of the relevant
                        person.”

                    

            

            

            
              	
                      (b)

                    	
                      No
                        Violation or Conflict Representation. Section
                        3(a)(iii)
                        is
                        hereby amended by inserting in the second line thereof after
                        the words
                        “constitutional documents” and before the words “, any order or judgment”
                        the phrase “(including, but not limited to, the Pooling and Servicing
                        Agreement, as amended, and any and all resolutions, investment
                        policies,
                        guidelines, procedures or restrictions).”; provided,
                        such amendment shall be applicable only with respect to the
                        Representations of Party B.

                    

            

            

            
              	
                      (c)

                    	
                      Representations. Section
                        3
                        is
                        hereby amended by adding the following subsections after
                        subsection (f)
                        thereof:

                    

            

            

            
              	 	
                      (g)

                    	
                      No
                        Agency. It
                        is entering into this Agreement, any Credit Support Document
                        to which it
                        is a party, and each Transaction, and any other documentation
                        relating to
                        this Agreement or any Transaction, as principal (and not
                        as agent or in
                        any other capacity, fiduciary or
                        otherwise).

                    

            

            

            
              	 	
                      (h)

                    	
                      Eligible
                        Contract Participant.
                        It
                        is an “eligible contract participant” within the meaning of Section 1a(12)
                        of the Commodity Exchange Act, as
                        amended.

                    

            

            

            
              	 	
                      (i)

                    	
                      Non-Reliance.
                        It
                        is acting for its own account, and it has made its own independent
                        decisions to enter into each Transaction and as to whether
                        that
                        Transaction is appropriate or proper for it based upon its
                        own judgment
                        and upon advice from such advisers as it has deemed necessary.
                        It is not
                        relying on any communication (written or oral) of the other
                        party as
                        investment advice or as a recommendation to enter into that
                        Transaction;
                        it being understood that information and explanations related
                        to the terms
                        and conditions of a Transaction shall not be considered investment
                        advice
                        or a recommendation to enter into that Transaction. No communication
                        (written or oral) received from the other party shall be
                        deemed to be an
                        assurance or guarantee as to the expected results of that
                        Transaction.

                    

            

            

            
              	 	
                      (j)

                    	
                      Assessment
                        and Understanding.
                        It
                        is capable of assessing the merits of and understanding (on
                        its own behalf
                        or through independent professional advice), and understands
                        and accepts,
                        the terms, conditions and risks of that Transaction. It is
                        also capable of
                        assuming, and assumes, the risks of that
                        Transaction.

                    

            

            

            
              	 	
                      (k)

                    	
                      Status
                        of Parties.
                        The other party is not acting as a fiduciary for or an adviser
                        to it in
                        respect of that Transaction.

                    

            

             

            (d)        
               Third-Party
              Beneficiary.
              Party B
              agrees with Party A that Party A shall be an express third-party beneficiary
              of
              the Pooling and Servicing Agreement. 

            

            
              	
                      (e)

                    	
                      Set-off.
                        Notwithstanding any provision of this Agreement or any other
                        existing or
                        future agreements, each of Party A and Party B irrevocably
                        waives as to
                        itself any and all contractual rights it may have to set-off,
                        net, recoup
                        or otherwise withhold or suspend or condition its payment
                        or performance
                        of any obligation to the other party under this Agreement
                        against any
                        obligation of one party hereto to the other party hereto
                        arising outside
                        of this Agreement (which Agreement includes, without limitation,
                        the
                        Master Agreement to which this Schedule is attached, this
                        Schedule, the
                        Confirmations and any Credit Support Document). For the avoidance
                        of
                        doubt, this provision shall not cause Party A or Party B
                        to waive any
                        right it may have to net payments in respect of the same
                        transaction. The
                        provisions for Set-Off set forth in Section 6(e) shall not
                        apply.

                    

            

            

            
              	
                      (f)

                    	
                      Transfer
                        and Assignment.
                        Notwithstanding anything to the contrary in Section
                        7
                        of
                        the Agreement, Party A may assign its rights and obligations
                        under the
                        Agreement, in whole or in part, to any Affiliate of Holdings
                        (an
                        “Assignee”) effective upon delivery to Party B of the guarantee by
                        Holdings, in favor of Party B, of the obligations of such
                        Affiliate, such
                        guarantee to be substantially the same as the guarantee then
                        in effect of
                        the obligations of the transferor,. Party A will provide
                        prior written
                        notice to each Rating Agency of any such assignment.
                        

                    

            

            

            Any
              transfer pursuant to the foregoing or Section 7 of this Agreement shall
              meet the
              following requirements:

            

            1.
              No
              Event of Default or Termination Event (including, for the avoidance
              of doubt, an
              Additional Termination Event) would occur as a result of such
              transfer;

            

            2.
              Party
              A delivers to Party B both (a) an executed acceptance and assumption
              by the
              Assignee of this Agreement and all Transactions (the “Transferred Obligations”)
              and (b) an executed guarantee from Party A’s Credit Support Provider on behalf
              of the Assignee, with respect to the Transferred Obligations, substantially
              and
              in all material respects in the form of the guaranty provided hereunder;
              and

            

            3.
              As a
              result of the Transfer, on the next scheduled payment date Party B
              is not
              required to make payments (tax or otherwise) that are more than or
              receive
              payments (tax or otherwise) that are less than the payments that Party
              B would
              be required to make or receive under the Transactions or the Agreement
              had the
              transfer not occurred. 

            

            On
              the
              effective date of such transfer, (1) Party A shall be released from
              all
              obligations and liabilities arising under the Transferred Obligations;
              (2) the
              Assignee shall assume all obligations and liabilities under the Transferred
              Obligations; and (3) the Transferred Obligations shall cease to be
              Transaction(s) under this Agreement and shall be deemed to be Transaction(s)
              under the ISDA Master Agreement between Assignee and Party B.

             

            
              	
                      (g)

                    	
                      Notices.
                        For the purposes of subsections (iii)
                        and (v)
                        of
                        Section
                        12(a),
                        the date of receipt shall be presumed to be the date sent
                        if sent on a
                        Local Business Day or, if not sent on a Local Business Day,
                        the date of
                        receipt shall be presumed to be the first Local Business
                        Day following the
                        date sent.

                    

            

            

            
              	
                      (h)

                    	
                      Service
                        of Process.
                        The third sentence of Section
                        13(c)
                        shall be amended by adding the following language at the
                        end thereof: "if
                        permitted in the jurisdiction where the proceedings are initiated
                        and in
                        the jurisdiction where service is to be
                        made."

                    

            

            

            
              	
                      (i)

                    	
                      Amendments. Section
                        9(b)
                        is
                        hereby amended by adding at the end thereof the sentence:
“In addition,
                        any amendment or modification of this Agreement shall be
                        subject to the
                        Rating Agency Condition.”

                    

            

            

            
              	
                      (j)

                    	
                      Amendments
                        to Pooling and Servicing Agreement.
                        Party B will provide Party A with at least ten (10) days
                        prior written
                        notice of and obtain Party A’s prior written consent to any proposed
                        amendment, supplement or modification to its Pooling and
                        Servicing
                        Agreement that could have a material, adverse effect on Party
                        A or that
                        could otherwise give Party A the right to terminate any Transactions
                        pursuant to the provisions of Part 1(i)(D) above.
                        

                    

            

            

            
              	
                      (k)

                    	
                      No
                        Bankruptcy Petition.
                        Party A agrees that it will not, for a period of one year
                        (or if longer,
                        the applicable preference period) and one day, after the
                        payment in full
                        of the Certificates and any Notes , acquiesce, petition,
                        invoke or
                        otherwise cause Party B, the Supplemental Interest Trust,
                        the Cap Trust,
                        or the Trust created pursuant to the Pooling and Servicing
                        Agreement to
                        invoke the process of any governmental authority for the
                        purpose of
                        commencing or sustaining a case (whether voluntary or involuntary)
                        against
                        Party B under any bankruptcy, insolvency or similar law or
                        appointing a
                        receiver, liquidator, assignee, trustee, custodian, sequestrator
                        or other
                        similar official of Party B or any substantial part of its
                        property or
                        ordering the winding-up or liquidation of the affairs of
                        Party B;
                        provided,
                        that this provision shall not restrict or prohibit Party
                        A from joining
                        any other person, including, without limitation, the Trustee,
                        in any
                        bankruptcy, reorganization, arrangement, insolvency, moratorium
                        or
                        liquidation proceedings already commenced or other analogous
                        proceedings
                        already commenced under applicable law. This provision will
                        survive the
                        termination of the Agreement

                    

            

            

            
              	
                      (l)

                    	
                      Additional
                        Definitions. Section
                        14
                        is
                        hereby amended by adding the following definitions in their
                        appropriate
                        alphabetical order:

                    

            

            

            “DBRS”
means
              Dominion Bond Rating Service Limited

            

            “Moody’s”
means
              Moody’s Investor Services, Inc.

            

            “Rating
              Agencies”
means
              DBRS, Moody’s, S&P, and any other rating agency providing a rating of any
              Certificates or Notes.

            

            “Rating
              Agency Condition”
means,
              with respect to any particular proposed act or omission to act hereunder,
              that
              the party acting or failing to act has consulted with each Rating Agency
              and has
              received from each Rating Agency a written confirmation that the proposed
              action
              or inaction would not cause such Rating Agency to downgrade or withdraw
              its
              then-current rating of any Certificates or Notes. 

            

            
              	 	
                      “S&P”
                        means Standard & Poor’s Ratings Services, a division of The
                        McGraw-Hill Companies, Inc.

                    

            

            

            “USD”
means
              United States Dollars.

            

            All
              terms
              used herein and not otherwise defined are given their meaning in the
              Pooling and
              Servicing Agreement.

            

            
              	
                      (m)

                    	
                      Waiver
                        of Trial By Jury. Insofar
                        as is permitted by law, each party irrevocably waives any
                        and all rights
                        to trial by jury in any legal proceeding in connection with
                        this agreement
                        or any transaction, and acknowledges that this waiver is
                        a material
                        inducement to the other party’s entering into this agreement and each
                        transaction hereunder.

                    

            

            

            
              	
                      (n)

                    	
                      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) for any reason,
                        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 to this Agreement; 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 connection with
                        any such
                        Section) shall be held to be invalid or
                        unenforceable.

                    

            

            

            
              	
                      (o)

                    	
                      Pooling
                        and Servicing Agreement.
                        Party A hereby agrees that, notwithstanding any provision
                        of this
                        agreement to the contrary, Party B’s obligations to pay any amounts owing
                        under this Agreement shall be subject to Section 4.01 of
                        the Pooling and
                        Servicing Agreement and Party A’s right to receive payment of such amounts
                        shall be subject to Section 4.01 of the Pooling and Servicing
                        Agreement.
                        [

                    

            

            

            (p)        
               Non-Recourse.
              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 Swap Account and the proceeds thereof, in accordance with
              the terms of
              the Pooling and Servicing Agreement. In the event that the Swap Account
              and
              proceeds thereof should be insufficient to satisfy all claims outstanding
              and
              following the realization of the Swap Account and the proceeds thereof,
              any
              claims against or obligations of Party B under this Agreement or any
              other
              confirmation thereunder still outstanding shall be extinguished and
              thereafter
              not revive. Party B 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
              amount
              in the Swap Account from the Trust created pursuant to the Pooling
              and Servicing
              Agreement. 

            

            (q)         
              Limited
              Liability.
              Party A
              and Party B agree to the following: (a) Deutsche Bank National Trust
              Company
              (“Deutche Bank”) is entering into this Agreement not in its individual or
              corporate capacity, but solely in its capacity as Supplemental Interest
              Trust
              Trustee under the Pooling and Servicing Agreement; It is expressly
              understood
              and agreed by the parties hereto that (a) this Agreement is executed
              and
              delivered by Deutsche Bank National Trust Company (“Deutche Bank”), not
              individually or personally but solely as Supplemental Interest Trust
              Trustee
              under the Pooling and Servicing Agreement, in the exercise of the powers
              and
              authority conferred and vested in it, (b) each of the representations,
              undertakings and agreements herein made on the part of Deutsche Bank
              is made and
              intended not as personal representations, undertakings and agreements
              by
              Deutsche Bank but is made and intended for the purpose of binding only
              the
              Supplemental Interest Trust, (c) nothing herein contained shall be
              construed as
              creating any liability on Deutsche Bank, individually or personally,
              to perform
              any covenant either expressed or implied contained herein, all such
              liability,
              if any, being expressly waived by the parties hereto and by any Person
              claiming
              by, through or under the parties hereto, and (d) under no circumstances
              shall
              Deutsche Bank be personally liable for the payment of any indebtedness
              or
              expenses of the Supplemental Interest Trust or be liable for the breach
              or
              failure of any obligation, representation, warranty or covenant made
              or
              undertaken by the Supplemental Interest Trust Trustee under this Agreement
              or
              any other related documents.      

             

            The
              parties executing this Schedule have executed the Master Agreement
              and have
              agreed as to the contents of this Schedule.

             

            

            
              	
                      LEHMAN
                        BROTHERS 

                      SPECIAL
                        FINANCING INC.

                    	 	
                      DEUTSCHE
                        BANK NATIONAL TRUST COMPANY,
                        NOT IN ITS INDIVIDUAL CAPACITY, BUT SOLELY AS TRUSTEE
                        WITH RESPECT TO
                        THE FIRST FRANKLIN MORTGAGE LOAN TRUST 2006-FF8, ASSET BACKED
                        CERTIFICATES, SERIES 2006-FF8

                    
	
                      Party
                        A

                    	 	
                      Party
                        B

                    
	
                       

                       

                       

                    	 	
                       

                       

                       

                       

                    
	
                      Name:

                    	 	
                      Name:

                    
	
                      Title:

                    	 	
                      Title:

                    
	
                      Date:

                    	 	
                      Date:

                    
	 	 	 

            

            

            
              
                
                

              

              
                
                

                
                  

                

              

              
                
                

              

            

            EXHIBIT
              A to Schedule

             

            GUARANTEE
              OF LEHMAN BROTHERS HOLDINGS INC.

             

            LEHMAN
              BROTHERS SPECIAL FINANCING INC. (“Party A”) and DEUTSCHE
              BANK NATIONAL TRUST COMPANY,
              NOT IN
              ITS INDIVIDUAL CAPACITY, BUT SOLELY AS TRUSTEE
              WITH
              RESPECT TO
              THE FIRST FRANKLIN MORTGAGE LOAN TRUST 2006-FF8, ASSET BACKED CERTIFICATES,
              SERIES 2006-FF8
              (“Party
              B”) have entered into a Master Agreement dated as of June 29, 2006, (the
“Master
              Agreement”), pursuant to which Party A and Party B have entered and/or
              anticipate entering into one or more transactions (each a “Transaction”), the
              Confirmation of each of which supplements, forms part of, and will
              be read and
              construed as one with, the Master Agreement (collectively referred
              to as the
“Agreement”). This Guarantee is a Credit Support Document as contemplated in the
              Agreement. For value received, and in consideration of the financial
              accommodation accorded to Party A by Party B under the Agreement, LEHMAN
              BROTHERS HOLDINGS INC., a corporation organized and existing under
              the laws of
              the State of Delaware (“Guarantor”), hereby agrees to the
              following:

             

            (a) Guarantor
              hereby unconditionally guarantees to Party B the due and punctual payment
              of all
              amounts payable by Party A under each Transaction when and as Party
              A’s
              obligations thereunder shall become due and payable in accordance with
              the terms
              of the Agreement. In case of the failure of Party A to pay punctually
              any such
              amounts, Guarantor hereby agrees, upon written demand by Party B, to
              pay or
              cause to be paid any such amounts punctually when and as the same shall
              become
              due and payable.

             

            (b) Guarantor
              hereby agrees that its obligations under this Guarantee constitute
              a guarantee
              of payment when due and not of collection.

             

            (c) Guarantor
              hereby agrees that its obligations under this Guarantee shall be unconditional,
              irrespective of the validity, regularity or enforceability of the Agreement
              against Party A (other than as a result of the unenforceability thereof
              against
              Party B), the absence of any action to enforce Party A’s obligations under the
              Agreement, any waiver or consent by Party B with respect to any provisions
              thereof, the entry by Party A and Party B into additional Transactions
              under the
              Agreement or any other circumstance which might otherwise constitute
              a legal or
              equitable discharge or defense of a guarantor (excluding the defense
              of payment
              or statute of limitations, neither of which is waived) provided, however,
              that
              Guarantor shall be entitled to exercise any right that Party A could
              have
              exercised under the Agreement to cure any default in respect of its
              obligations
              under the Agreement or to setoff, counterclaim or withhold payment
              in respect of
              any Event of Default or Potential Event of Default in respect of Party
              B or any
              Affiliate, but only to the extent such right is provided to Party A
              under the
              Agreement. The Guarantor acknowledges that Party A and Party B may
              from time to
              time enter into one or more Transactions pursuant to the Agreement
              and agrees
              that the obligations of the Guarantor under this Guarantee will upon
              the
              execution of any such Transaction by Party A and Party B extend to
              all such
              Transactions without the taking of further action by the Guarantor.

             

            (d) This
              Guarantee shall remain in full force and effect until such time as
              Party B shall
              receive written notice of termination. Termination of this Guarantee
              shall not
              affect Guarantor’s liability hereunder as to obligations incurred or arising out
              of Transactions entered into prior to the termination hereof.

             

            (e) Guarantor
              further agrees that this Guarantee shall continue to be effective or
              be
              reinstated, as the case may be, if at any time, payment, or any part
              thereof, of
              any obligation or interest thereon is rescinded or must otherwise be
              restored by
              Party B upon an Event of Default as set forth in Section
              5(a)(vii)
              of the
              Master Agreement affecting Party A or Guarantor.

             

            (f) Guarantor
              hereby waives (i) promptness, diligence, presentment, demand of payment,
              protest, order and, except as set forth in paragraph (a) hereof, notice
              of any
              kind in connection with the Agreement and this Guarantee, or (ii) any
              requirement that Party B exhaust any right to take any action against
              Party A or
              any other person prior to or contemporaneously with proceeding to exercise
              any
              right against Guarantor under this Guarantee.

             

            This
              Guarantee shall be governed by and construed in accordance with the
              laws of the
              State of New York, without reference to choice of law doctrine. All
              capitalized
              terms not defined in this Guarantee, but defined in the Agreement,
              shall have
              the meanings assigned thereto in the Agreement.

             

            IN
              WITNESS WHEREOF, Guarantor has caused this Guarantee to be executed
              in its
              corporate name by its duly authorized officer as of the date of the
              Agreement.

             

            
              	 	
                      LEHMAN
                        BROTHERS HOLDINGS INC.

                    
	 	 
	 	 
	 	
                      By:
                        

                    	 
	 	
                      Name: 

                    	 
	 	
                      Title: 

                    	 
	 	
                      Date: 

                    	 

            

             

            

              
                
                  
                  

                

                
                  
                  

                  
                    

                  

                

                
                  
                  

                

              

            EXHIBIT
              B to Schedule

             

            [Form
              of
              Opinion of Counsel for Party B]

             

            

            
              
                
                

              

              
                
                

                
                  

                

              

              
                
                

              

            

             

            EXHIBIT
              C
              to Schedule

            

            [Form
              of
              Opinion of Counsel for

            Lehman
              Brothers Special Financing Inc. and

            Lehman
              Brothers Holdings Inc.]

            June
              29,
              2006

            Deutsche
              Bank National Trust Company

            1761
              East
              Saint Andrew Place

            Santa
              Ana, CA 92705

            

            Attention:
              First
              Franklin 2006-FF8 Cap reference: GC06Z

             

            Ladies
              and Gentlemen:

             

            I
              have
              acted as counsel to Lehman Brothers Special Financing Inc., a Delaware
              corporation (“Party A”)
              and
              Lehman Brothers Holdings Inc., a Delaware corporation (“Guarantor”), and am
              familiar with matters pertaining to the execution and delivery of the
              Master
              Agreements (each the “Master Agreements”), each dated as of June 29, 2006
              between Party A and 

             

            (i) DEUTSCHE
              BANK NATIONAL TRUST COMPANY,
              NOT IN
              ITS INDIVIDUAL CAPACITY, BUT SOLELY AS CAP
              TRUSTEE WITH
              RESPECT TO THE CAP TRUST
              RELATING
              TO THE
              FIRST FRANKLIN MORTGAGE LOAN TRUST 2006-FF8, ASSET BACKED CERTIFICATES,
              SERIES
              2006-FF8; 

             

            (ii)
              DEUTSCHE BANK NATIONAL TRUST COMPANY,
              NOT IN
              ITS INDIVIDUAL CAPACITY, BUT SOLELY AS SUPPLEMENTAL
              INTEREST TRUST TRUSTEE WITH RESPECT TO THE SUPPLEMENTAL INTEREST
              TRUST
              RELATING
              TO THE
              FIRST FRANKLIN MORTGAGE LOAN TRUST 2006-FF8, ASSET BACKED CERTIFICATES,
              SERIES
              2006-FF8; and

             

            (iii)
              DEUTSCHE BANK NATIONAL TRUST COMPANY,
              NOT IN
              ITS INDIVIDUAL CAPACITY, BUT SOLELY AS TRUSTEE
              WITH
              RESPECT TO THE FIRST
              FRANKLIN MORTGAGE LOAN TRUST 2006-FF8, ASSET BACKED CERTIFICATES, SERIES
              2006-FF8

             

            and
              the
              guarantees of Guarantor (the “Guarantees”)
              delivered in connection with each of the Master Agreements.

             

            In
              connection with this opinion, I have examined, or have had examined
              on my
              behalf, an executed copy of the Master Agreements and the Guarantees,
              certificates and statements of public officials and officers of Party
               A
              and
              Guarantor and such other agreements, instruments, documents and records
              as I
              have deemed necessary or appropriate for the purposes of this
              opinion.

             

            Except
              as
              expressly set forth herein, no independent investigation (including,
              without
              limitation, conducting any review, search or investigation of any public
              files,
              records or dockets) has been undertaken to determine the existence
              or absence of
              the facts that are material to my opinions, and no inference as to
              my knowledge
              concerning such facts should be made.

             

            When
              used
              herein the phrase “to my knowledge” means to my actual knowledge without
              independent investigation.

             

            References
              in this letter to “Applicable Laws” are to those laws, rules and regulations of
              the State of New York which, in my experience, are normally applicable
              to
              transactions of the type contemplated by the Master Agreement and the
              Guarantee.
              References in this letter to “Governmental Authorities” are to executive,
              legislative, judicial, administrative or regulatory bodies of the State
              of New
              York. References in this letter to “Governmental Approval” are to any consent,
              approval, license, authorization or validation of, or filing, recording
              or
              registration with, any Governmental Authority pursuant to Applicable
              Laws.

             

              Based
              on
              the foregoing but subject to the assumptions, exceptions, qualifications
              and
              limitations hereinafter expressed, I am of the opinion that:

             

            
              	1.  	
                      Each
                        of Party A
                        and Guarantor is a corporation duly incorporated, validly
                        existing and in
                        good standing under the laws of the State of
                        Delaware.

                    

            

             

            
              	2.  	
                      The
                        execution, delivery and performance of each of the Master
                        Agreements in
                        the case of Party  A,
                        and the Guarantees, in the case of Guarantor, are within
                        its corporate
                        power, have been duly authorized by all corporate action
                        and do not
                        conflict with any provision of its certificate of incorporation
                        or
                        by-laws.

                    

            

             

            
              	3.  	
                      The
                        Master Agreements, in the case of Party A,
                        and the Guarantees, in the case of Guarantor, have been duly
                        executed and
                        delivered and each
                        constitutes
                        a legal, valid and binding obligation, enforceable against
                        it in
                        accordance with its
                        respective terms.

                    

            

             

            
              	4.  	
                      To
                        the best of my knowledge,
                        no Governmental Approval
                        is
                        required in connection with the execution, delivery and performance
                        of the
                        Master Agreements in the case of Party A,
                        or the Guarantees, in the case of Guarantor,
                        except those that have been obtained and, to my knowledge,
                        are in
                        effect.

                    

            

             

              The
              foregoing opinions are subject to the following assumptions, exceptions,
              qualifications and limitations:

             

            A.  
              My
              opinion in paragraph 3 above is subject to:
              (i) bankruptcy,
              insolvency, reorganization, receivership, moratorium or similar laws
              affecting
creditors’
              rights
              generally (including, without limitation, the effect of statutory or
              other laws
              regarding fraudulent or other similar transfers or
              conveyances); (ii) general
              principles of equity, regardless of whether enforceability is considered
              in a
              proceeding in equity or at law;
              (iii) laws and considerations of public policy that may limit the
              enforceability of provisions (a) regarding indemnification and contribution
              rights and obligations, (b) regarding the waiver or limitation of rights to
              trial by jury, oral amendments to written agreements or rights of setoff,
              (c) relating to submission to jurisdiction, venue or service of process,
              and (d) purporting to prohibit or restrict, or require the consent of the
“account debtor” (as defined in Section 9-102 of the Uniform Commercial Code as
              in effect in the State of New York (the “NYUCC” )) for, the creation, perfection
              or enforcement of a security interest in “accounts” or “general intangibles” (in
              each case, as defined in Section 9-102 of the NYUCC).

             

            B.  I
              am a
              member of the Bar of the State of New York and render no opinion on
              the laws of
              any jurisdiction other than the laws of the State of New York and the
              General
              Corporation Law of the State of Delaware.
              Except
              as described, I have not examined, or had examined on my behalf, and
              I do not
              express any opinion with respect to, Delaware law.

             

            C.  My
              opinions are limited to the present laws and to the facts as they presently
              exist, and no opinion is to be inferred or implied beyond the matters
              expressly
              so stated. I assume no obligation to revise or supplement this opinion
              should
              the present laws of the jurisdictions referred to in paragraph B above
              be
              changed by legislative action, judicial decision or otherwise.

             

            D.  This
              letter is rendered solely to you solely
              for your benefit in
              connection with the Master Agreement and the Guarantee and the transactions
              related thereto and may not be relied upon by any other person, entity
              or agency
              or by you in any other context or for any other purpose. This letter
              may not be
circulated,
              used or quoted
              in
              whole or in part, nor may copies thereof be furnished or delivered
              to any other
              person, without the prior written consent of Lehman Brothers Holdings
              Inc.,
              except that you may furnish copies hereof (i)  to
              your
              independent auditors and attorneys, (ii)  to
              any
              United States, state or local authority having jurisdiction over you
              or over
              Party  A
              or
              Guarantor, (iii)  pursuant
              to the order of any legal process of any court of competent jurisdiction
              or any
              governmental agency, and (iv)  in
              connection with any legal action arising out of the Master Agreement
              or the
              Guarantee.

             

            E.  I
              have
              assumed with your permission (i)  the
              genuineness of all signatures by each party other than Party  A
              or
              Guarantor, (ii)  the
              authenticity of documents submitted to me as originals and the conformity
              to
              authentic original documents of all documents submitted to me as copies,
              (iii) the
              accuracy of the matters set forth in the documents, agreements and
              instruments I
              reviewed, (iv) that each party other than Party A and Guarantor is
              duly
              organized, validly existing and in good standing under the laws of
              its
              jurisdiction of organization, (v)
              the due
              execution and delivery, pursuant to due authorization, of the Master
              Agreement
              by each party other than Party A,
              and (vi) that the Master Agreement is the legal, valid, binding and
              enforceable obligation of each party other than Party A, enforceable
              against each such party in accordance with its terms.

             

            F.  My
              opinion in paragraph 3 is subject to the qualification that certain
              provisions contained in the Agreement and the Guarantee may not be
              enforceable,
              but such unenforceability will not render the Agreement or the Guarantee
              invalid
              as a whole or substantially interfere with the practical realization
              of the
              principal benefits provided thereby.

             

            The
              foregoing opinions are given on the express understanding that the
              undersigned
              is an officer of Lehman Brothers Inc. and shall in no event incur any
              personal
              liability in connection with said opinions.

             

            Very
              truly yours,

             

             

            
              
                
                

              

              
                
                

                
                  

                

              

              
                
                

              

            

             

            

             

            ISDAÒ

            International
              Swaps and Derivatives Association, Inc.

            

            CREDIT
              SUPPORT ANNEX

            

            to
              the
              Schedule to the 

            Master
              Agreement

            dated
              as
              of June
              29,
              2006

            between

            

            
              	
                      LEHMAN
                        BROTHERS 

                      SPECIAL
                        FINANCING INC.

                    	 	
                      DEUTSCHE
                        BANK NATIONAL TRUST COMPANY,
                        NOT IN ITS INDIVIDUAL CAPACITY, BUT SOLELY AS TRUSTEE
                        WITH RESPECT TO
                        THE FIRST FRANKLIN MORTGAGE LOAN TRUST 2006-FF8, ASSET BACKED
                        CERTIFICATES, SERIES 2006-FF8

                    
	
                      Party
                        A

                    	 	
                      Party
                        B

                    

            

            

            This
              Annex supplements, forms part of, and is subject to, the above-referenced
              Agreement, is part of its Schedule and is a Credit Support Document
              under this
              Agreement with respect to each party.

            

            Accordingly,
              the parties agree as follows:

            

            Paragraph
              1. Interpretation

            

            (a) Definitions
              and Inconsistency. Capitalized
              terms not otherwise defined herein or elsewhere in this Agreement have
              the
              meanings specified pursuant to Paragraph 12, and all references in
              this Annex to
              Paragraphs are to Paragraphs of this Annex. In the event of any inconsistency
              between this Annex and the other provisions of this Schedule, this
              Annex will
              prevail and in the event of any inconsistency between Paragraph 13
              and the other
              provisions of this Annex, Paragraph 13 will prevail.

            

            (b) Secured
              Party and Pledgor.
              All
              references in this Annex to the “Secured Party” will be to either party when
              acting in that capacity and all corresponding references to the “Pledgor” will
              be to the other party when acting in that capacity; provided,
              however,
              that if
              Other Posted Support is held by a party to this Annex, all references
              herein to
              that party as the Secured Party with respect to that Other Posted Support
              will
              be to that party as the beneficiary thereof and will not subject that
              support or
              that party as the beneficiary thereof to provisions of law generally
              relating to
              security interests and secured parties.

            

            Paragraph
              2. Security Interest

            

            Each
              party, as the Pledgor, hereby pledges to the other party, as the Secured
              Party,
              as security for its Obligations, and grants to the Secured Party a
              first
              priority continuing security interest in, lien on and right of Set-off
              against
              all Posted Collateral Transferred to or received by the Secured Party
              hereunder.
              Upon the Transfer by the Secured Party to the Pledgor of Posted Collateral,
              the
              security interest and lien granted hereunder on that Posted Collateral
              will be
              released immediately and, to the extent possible, without further action
              by
              either party.

             

            CREDIT
              SUPPORT ANNEX

            Elections
              and Variables

            dated
              as
              of June
              29,
              2006 between
              

            LEHMAN
              BROTHERS SPECIAL FINANCING INC.

            (hereinafter
              referred to as “Party
              A”
              or
“Pledgor”)

            and
              

            DEUTSCHE
              BANK NATIONAL TRUST COMPANY,
              NOT IN
              ITS INDIVIDUAL CAPACITY, BUT SOLELY AS TRUSTEE
              WITH
              RESPECT TO
              THE FIRST FRANKLIN MORTGAGE LOAN TRUST 2006-FF8, ASSET BACKED CERTIFICATES,
              SERIES 2006-FF8
              (hereinafter referred to as “Party
              B”
              or
“Secured
              Party”)

             

            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) 

                    

            

             

            
              	 	
                      (B)

                    	
                      “Return
                        Amount”
                        has the meaning specified in Paragraph
                        3(b).

                    

            

             

            
              	 	
                      (C)

                    	
                      "Credit
                        Support Amount"
                        means, for any Valuation Date, an amount equal to the sum
                        of (i) 100.0% of
                        the Secured Party's Exposure for the next Valuation Date
                        and (ii) the
                        product of the Volatility Buffer and the Notional Amount.
                        

                    

            

             

            
              	 	
                      (ii)

                    	
                      Eligible
                        Collateral.
                        At
                        such time as Party A is required to post collateral pursuant
                        to Part
                        1(h)(A) of the Schedule), the following items will qualify
                        as “Eligible
                        Collateral” (together
                        with such other collateral types (and related valuation percentages)
                        with
                        respect to which Rating Agency Confirmation is
                        provided):

                    

            

            
            

             

            
              	 	 	
                      Collateral
                        Type

                    	
                      Valuation

                      Percentage

                    
	 	
                      (A)

                    	
                      cash.

                    	
                      100.0%

                    
	 	 	 	 
	 	
                      (B)

                    	
                      Negotiable
                        debt obligations issued by the U.S. Treasury Department having
                        a maturity
                        at issuance of not more than one year.

                    	
                      98.5%

                    
	 	 	 	 
	 	
                      (C)

                    	
                      Negotiable
                        debt obligations issued by the U.S. Treasury Department having
                        a maturity
                        at issuance of more than one year but not more than ten
                        years.

                    	
                      89.9%

                    
	 	 	 	 
	 	
                      (D)

                    	
                      Negotiable
                        debt obligations issued by the U.S. Treasury Department having
                        a maturity
                        at issuance of more than ten years.

                    	
                      83.9%

                    
	 	 	 	 
	 	
                      (E)

                    	
                      demand
                        and time deposits in, certificates of deposit of, bankers’
                        acceptances payable within 183 days of issuance issued by,
                        or federal
                        funds sold by any U.S. federal or state depository institution
                        or trust
                        company, the commercial paper and/or debt obligations of
                        which (or, in the
                        case of the principal depository institution in a holding
                        company system,
                        the commercial paper or debt obligations of such holding
                        company) at the
                        time of such investment or contractual commitment providing
                        for such
                        investment have a long-term credit rating of “Aaa”
                        by
                        Moody’s
                        and “AAA”
                        by
                        Standard & Poor’s,
                        in the case of long-term debt obligations, or “Prime-1”
                        by
                        Moody’s
                        and “A-1+”
                        by
                        Standard & Poor’s,
                        in the case of commercial paper and short-term obligations;
                        provided, that
                        in the case of commercial paper and short-term debt obligations
                        with a
                        maturity of longer than 91 days, the issuer thereof must
                        also have at the
                        time of such investment a long-term credit rating of “Aaa”
                        by
                        Moody’s
                        and “AAA”
                        by
                        Standard & Poor’s.

                    	
                      98.0%

                    

            

             

            
              	 	
                      (iii)

                    	
                      Other
                        Eligible Support.
                        The following items will qualify as “Other
                        Eligible Support”
                        for the party specified: Not
                        applicable.

                    

            

             

            
              	 	
                      (iv)

                    	
                      Thresholds.

                    

            

             

            
              	 	
                      (A)

                    	
                      “Independent
                        Amount”
                        shall not be applicable with respect to Party A or Party
                        B unless
                        otherwise specified in a
                        Confirmation.

                    

            

             

            
              	 	
                      (B)

                    	
                      “Threshold”
                        means, with respect to Party A, zero at any time that (1)
                        Party A (or to
                        the extent applicable, its Credit Support Provider) does
                        not have the
                        required ratings set forth in Part 1(h)(A) of the Schedule
                        from Standard
                        & Poor’s
                        and has failed to transfer its rights and obligations under
                        this Agreement
                        within 30 days of its downgrade or (2) Party A (or to the
                        extent
                        applicable, its Credit Support Provider) does not have the
                        required
                        ratings from Moody’s;
                        otherwise the Threshold shall be
                        unlimited.

                    

            

             

            
              	 	
                      (C)

                    	
                      “Minimum
                        Transfer Amount” means,
                        with respect to a party, $100,000. 

                    

            

             

            
              	 	
                      (D)

                    	
                      “Rounding”.
                        The
                        Delivery Amount and the Return Amount will be rounded up
                        and down
                        respectively to the nearest integral multiple of
                        $1,000.

                    

            

             

             

            
              	
                      (c)

                    	
                      Valuation
                        and Timing.

                    

            

             

            
              	 	
                      (i)

                    	
                      “Valuation
                        Agent”
                        means 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 commonly accepted third party sources.

                    

            

             

            
              	 	
                      (ii)

                    	
                      “Valuation
                        Date”
                        means, for purposes of each time that Party A is required
                        to post
                        collateral pursuant to Part 1(h)(A) of the Schedule, each
                        Wednesday or, if
                        such day is not a Local Business Day, the next following
                        Local Business
                        Day.

                    

            

             

            
              	 	
                      (iii)

                    	
                      “Valuation
                        Time”
                        means the close of business in the location where the relevant
                        product is
                        traded, provided that the calculations of Value and Exposure
                        will made as
                        of approximately the same time on the same date.
                        

                    

            

             

            
              
                	 	
                        (iv)

                      	
                        “Notification
                          Time”
                          means 3:00 p.m., New York time, on a Local Business Day.
                          

                      

              

               

            

            
              	 	
                      (v)

                    	
                      Notice
                        to S&P.
                        At
                        any time while Party A’s Credit Support Provider shall fail to have the
                        Approved Rating Thresholds from S&P, Party A shall provide to S&P
                        not later than the Notification Time on the Local Business
                        Day following
                        each Valuation Date the calculations of Exposure and the
                        Value of any
                        Eligible Credit Support or Posted Credit Support for that
                        Valuation
                        Date.

                    

            

             

            
              	 	
                      (vi)

                    	
                      External
                        Verification.
                        Notwithstanding the definition of Valuation Agent and Valuation
                        Date, at
                        any time while the
                        long-term unsecured debt or counterparty rating of Party
                        A’s Credit
                        Support Provider is not above “BBB”, the
                        calculations of Exposure and the Value of any Eligible Credit
                        Support or
                        Posted Credit Support must be verified by an external mark
                        quarterly. The
                        external mark must be obtained by an independent third party,
                        and cannot
                        be verified by the same entity more than four times in any
                        12-month
                        period. In addition, the external mark-to-market valuations
                        should reflect
                        the higher of two bids from counterparties that would be
                        eligible and
                        willing to provide the swap in the absence of the current
                        provider. The
                        Value of any Eligible Credit Support or Posted Credit Support
                        and Exposure
                        should be based on the greater of the calculations of the
                        Valuation Agent
                        and the external marks, and any deficiencies in Value and
                        Exposure must be
                        cured within three days.

                    

            

             

            
              	
                      (d)

                    	
                      Conditions
                        Precedent and Secured Party’s Rights and Remedies.
                        There will be no Specified Conditions for Party A and Party
                        B.

                    

            

             

            
              	
                      (e)

                    	
                      Substitution 

                    

            

             

            
              	 	
                      (i)

                    	
                      “Substitution
                        Date” has
                        the meaning specified in Paragraph
                        4(d)(ii).

                    

            

             

            
              	 	
                      (ii)

                    	
                      “Consent.”
                        The Pledgor need not obtain the Secured Party’s consent for any
                        substitution pursuant to Paragraph
                        4(d).

                    

            

             

            
              	
                      (f)

                    	
                      Dispute
                        Resolution 

                    

            

             

            
              	 	
                      (i)
                        

                    	
                      “Resolution
                        Time” means
                        1:00 p.m. on the Local Business Day following the date on
                        which notice is
                        given that gives rise to a default.

                    

            

             

            
              	 	
                      (ii)

                    	
                      Value.
                        For the purpose of Paragraph 5(i)c) and 5(ii), the Value
                        of Posted Credit
                        Support other than Cash will be calculated as follows:
                        

                    

            

             

            
              	 	 	
                      With
                        respect to any Eligible Collateral in the form of securities
                        listed in
                        Paragraph 13(b)(ii) (referred to herein as “Collateral Obligations”) the
                        sum of (I)(x) the bid price quoted on such date by a mutually
                        acceptable
                        principal market maker for such Collateral Obligations, or
                        (y) if no such
                        quotation is available from a principal market maker for
                        such date, such
                        bid price as of the day, next preceding such date, on which
                        such quotation
                        was available, in either case multiplied by the applicable
                        Valuation
                        Percentage, plus (II) the accrued interest on such Collateral
                        Obligations
                        (except to the extent Transferred to a party pursuant to
                        any applicable
                        section of this Agreement or included in the applicable price
                        referred to
                        in (I) of this Clause) as of such date.

                    

            

             

            
              	 	
                      (ii)

                    	
                      “Alternative.” 
                        Paragraph 5 will apply.

                    

            

             

             

            
              	
                      (g)

                    	
                      Holding
                        and Using Posted Collateral.

                    

            

             

            
              	 	
                      (i)

                    	
                      “Eligibility
                        to Hold Posted Collateral; Custodians.”

                    

            

             

            Party
              B
              and or its Custodian will be entitled to hold Posted Collateral pursuant
              to
              Paragraph 6(b), provided
              that the
              following conditions applicable to it are satisfied:

             

            
              	 	
                      (1)

                    	
                      The
                        Custodian is a bank or trust company located in the United
                        States having
                        total assets of at least $250,000,000 and a short term unsecured
                        debt or
                        counterparty rating of “Prime-1”
                        from Moody’s
                        and “A-1”
                        from Standard & Poor’s.

                    

            

             

            Initially,
              the Custodian
              for
              Party B is: The Bank of New York.

             

            
              	 	
                      (ii)

                    	
                      “Use
                        of Posted Collateral”
                        The provisions of Paragraph 6(c) will not apply with respect
                        to the
                        collateral posted by Party A.

                    

            

             

            
              	
                      (h)

                    	
                      Distributions
                        and Interest Amount.

                    

            

             

            
              	 	
                      (i)

                    	
                      “Interest
                        Rate.” The
                        Interest Rate shall be the actual interest rate achieved
                        on Posted
                        Collateral in the form of Cash that is held by Party B’s Custodian. .
                        Party B’s Custodian shall hold Posted Collateral in the form of Cash
                        in
                        such deposit or investment account as specified by Party
                        A to Party B and
                        reasonably acceptable to Party B’s Custodian.

                    

            

             

            
              	 	
                      (ii)

                    	
                      “Transfer
                        of Interest Amount.”
                        The Transfer of the Interest Amount will be made on the first
                        Local
                        Business Day of each calendar month and on any Local Business
                        Day that
                        Posted Collateral in the form of Cash is Transferred to the
                        Pledgor
                        pursuant to Paragraph 3(b).

                    

            

             

            
              	 	
                      (iii)

                    	
                      “Alternative
                        to Interest Amount.”
                        Not applicable.

                    

            

             

            
              	
                      (i)

                    	
                      Additional
                        Representation(s).
                        Not applicable.

                    

            

             

            
              	
                      (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 made by a party to
                        this Annex will
                        be made pursuant to the Notices Section of this
                        Agreement.

                    

            

             

            
              	
                      (l)

                    	
                      Addresses
                        for Transfers.
                        As
                        agreed upon between the parties from time to time.
                        

                    

            

             

            
              	
                      (m)

                    	
                      Other
                        Provisions.

                    

            

            

            
              	 	
                      (i)

                    	
                       “Volatility
                        Buffer”
                        shall mean the percentage set forth in the following table
                        with respect to
                        any Transaction (other than a Transaction identified in the
                        related
                        Confirmation as a Timing Hedge): 

                    

            

            

            
              	
                      The
                        higher of the short-term credit rating of (i) Party A and
                        (ii) the Credit
                        Support Provider of Party A

                    	
                      Remaining
                        Weighted Average Life Maturity up to 3 years

                    	
                      Remaining
                        Weighted Average Life Maturity up to 5 years

                    	
                      Remaining
                        Weighted Average Life Maturity up
                        to 10 years

                    	
                      Remaining
                        Weighted Average Life 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

                    	
                      5.75

                    	
                      7.50

                    

            

             

            
              
                	 	
                        (ii)

                      	
                        Agreement
                          as to Single Secured Party and Pledgor.
                          Party A and Party B agree that, notwithstanding anything
                          to the contrary
                          in the recital of this Annex, Paragraph 1(b) or Paragraph
                          2 of the
                          definitions in Paragraph 12, (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 acknowledgment in the final
                          sentence of
                          Paragraph 8(a) and the representations in Paragraph 9 and
                          (d) only Party A
                          will be required to post Eligible Credit Support hereunder.
                          Party A also
                          agrees that it shall pay all costs of transferring Eligible
                          Credit Support
                          required to be delivered by Party A hereunder. 

                      

              

              
The
                parties executing this Credit Support Annex have executed the Master
                Agreement
                and have agreed as to the contents of this Credit Support
                Annex.

            

            

            
              	
                      LEHMAN
                        BROTHERS SPECIAL FINANCING INC.

                    	 	
                      DEUTSCHE
                        BANK NATIONAL TRUST COMPANY,
                        NOT IN ITS INDIVIDUAL CAPACITY, BUT SOLELY AS TRUSTEE
                        WITH RESPECT TO
                        THE FIRST FRANKLIN MORTGAGE LOAN TRUST 2006-FF8, ASSET BACKED
                        CERTIFICATES, SERIES 2006-FF8

                    
	
                      Party
                        A

                    	 	
                      Party
                        B

                    
	
                       

                    	 	
                       

                    
	
                      Name:

                    	 	
                      Name:

                    
	
                      Title:

                    	 	
                      Title:

                    
	
                      Date:

                    	 	
                      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

         

        
           

          

             

          

          Revised
            Transaction

           

          

           

          
            	
                    Date:

                  	
                    21
                      July, 2006

                  
	 	 
	
                    To:

                  	
                    Deutsche
                      Bank National Trust Company, not in its individual capacity,
                      but solely as
                      Supplemental Interest Trust Trustee with respect to the Supplemental
                      Interest Trust relating to the First Franklin Mortgage Loan
                      Trust
                      2006-FF8, Asset Backed Certificates, Series
                      2006-FF8

                  
	 	
                    Attention:
                      Documentation Unit

                  
	 	 
	
                    From:

                  	
                    Lehman
                      Brothers Special Financing Inc.

                  
	 	
                    Confirmations
                      Group

                  
	 	
                    Kathy
                      Tsang

                  
	 	
                    Facsimile:     
                      (+1) 646-885-9551 (United States of America)

                  
	 	
                    Telephone:   212-526-9080

                  
	 	 
	
                    Ref.
                      Numbers:

                  	
                    Risk
                      ID: 1240881L / Effort ID: N977956 / Global Deal ID:
                      2562487

                  

          

           

          
            
              

            

          Dear
            Sir
            or Madam:

           

          The
            purpose of this communication (this “Confirmation”) is to confirm the terms and
            conditions of the transaction (the “Transaction”) entered into between Lehman
            Brothers Special Financing Inc. (“Party A”) and Deutsche
            Bank National Trust Company, not in its individual capacity, but solely
            as
            Supplemental Interest Trust Trustee with respect to the Supplemental
            Interest
            Trust relating to the First Franklin Mortgage Loan Trust 2006-FF8, Asset
            Backed
            Certificates, Series 2006-FF8  (“Party
            B”) on the Trade Date specified below. This Confirmation constitutes a
            “Confirmation” as referred to in the Agreement specified below. This
            Confirmation supersedes and replaces in its entirety any other confirmation
            referencing the Transaction to which this Confirmation
            relates.

          

          This
            Confirmation supplements, forms part of, and is subject to, the ISDA
            Master
            Agreement dated as of 29 June, 2006, as amended and supplemented from
            time to
            time, between Party A and Party B (the “Agreement”). All provisions contained in
            the Agreement shall govern this Confirmation except as expressly modified
            below.

           

          The
            definitions and provisions contained in the 2000 ISDA Definitions as
            published
            by the International Swaps and Derivatives Association, Inc. (the “Definitions”)
            are incorporated into this Confirmation. In the event of any inconsistency
            between the Definitions and the terms of this Confirmation, this Confirmation
            will govern. For the purpose of the Definitions, references herein to
            a
“Transaction” shall be deemed to be references to a “Swap
            Transaction”.

           

          Party
            A
            and Party B each represents that entering into the Transaction is within
            its
            capacity, is duly authorized and does not violate any laws of its jurisdiction
            of organization or residence or the terms of any agreement to which it
            is a
            party. Party A and Party B each represents that (a) it is not relying
            on the
            other party in connection with its decision to enter into this Transaction,
            and
            neither party is acting as an advisor to or fiduciary of the other party
            in
            connection with this Transaction regardless of whether the other party
            provides
            it with market information or its views; (b) it understands the risks
            of the
            Transaction and any legal, regulatory, tax, accounting and economic consequences
            resulting therefrom; and (c) it has determined based upon its own judgment
            and
            upon any advice received from its own professional advisors as it has
            deemed
            necessary to consult that entering into the Transaction is appropriate
            for such
            party in light of its financial capabilities and objectives. Party A
            and Party B
            each represents that upon due execution and delivery of this Confirmation,
            it
            will constitute a legally valid and binding obligation, enforceable against
            it
            in accordance with its terms, subject to applicable principles of bankruptcy
            and
            creditors’ rights generally and to equitable principles of general
            application.

           

          The
            terms
            of the particular Transaction to which this Confirmation relates are
            as
            follows:

           

          
            	
                    General
                      Terms:

                  	 
	 	 
	
                    Trade
                      Date:

                  	
                    20
                      June, 2006

                  
	 	 
	
                    Effective
                      Date:

                  	
                    25
                      May, 2007

                  
	 	 
	
                    Termination
                      Date:

                  	
                    25
                      January, 2010, subject to adjustment in accordance with the
                      Modified
                      Following Business Day Convention.

                  
	 	 
	
                    Notional
                      Amount:

                  	
                    USD2,537,831.9086-subject
                      to adjustment in accordance with Appendix A attached
                      hereto.

                  
	 	 
	
                    Floating
                      Amounts:

                  	 
	 	 
	
                    Floating
                      Amount Payer:

                  	
                    Party
                      A

                  
	 	 
	
                    Floating
                      Amount Payer 

                    Payment
                      Dates:

                  	
                    The
                      25th calendar day of each month, from and including 25 June,
                      2007 to and
                      including the Termination Date, subject to adjustment in accordance
                      with
                      the Modified Following Business Day Convention.

                  
	 	 
	
                    Floating
                      Amount:

                  	
                    To
                      be determined in accordance with the following formula: 250
multiplied
                      by
                      Floating Rate Option multiplied
                      by
                      Notional Amount multiplied
                      by
                      Floating Rate Day Count Fraction.

                  

          

          

          
            	
                    Floating
                      Rate Option:

                  	
                    USD-LIBOR-BBA

                  
	 	 
	
                    Designated
                      Maturity:

                  	
                    1
                      month

                  
	 	 
	
                    Spread:

                  	
                    Inapplicable

                  
	 	 
	
                    Floating
                      Rate Day Count Fraction:

                  	
                    Actual/360

                  
	 	 
	
                    Reset
                      Dates:

                  	
                    The
                      first day of each Calculation Period

                  
	 	 
	
                    Fixed
                      Amounts I:

                  	 
	 	 
	
                    Fixed
                      Amount Payer:

                  	
                    Party
                      B

                  
	 	 
	
                    Fixed
                      Amount Payer 

                    Payment
                      Dates:

                  	
                    The
                      25th calendar day of each month, from and including 25 June,
                      2007 to and
                      including the Termination Date, subject to adjustment in accordance
                      with
                      the Modified Following Business Day Convention.

                  
	 	 
	
                    Fixed
                      Amount:

                  	
                    To
                      be determined in accordance with the following formula: 250
multiplied
                      by
                      Fixed Rate multiplied
                      by
                      Notional Amount multiplied
                      by
                      Fixed Rate Day Count Fraction.

                  

          

           

          
            	
                    Fixed
                      Rate:

                  	
                    5.390%
                      per annum

                  
	 	 
	
                    Fixed
                      Rate Day Count Fraction:

                  	
                    30/360

                  
	 	 
	
                    Business
                      Days:

                  	
                    New
                      York

                  
	 	 
	
                    Fixed
                      Amounts II:

                  	 
	 	 
	
                    Fixed
                      Amount Payer:

                  	
                    Party
                      B; provided, however, that
                      in exchange for due consideration, the receipt and sufficiency
                      of which
                      are hereby acknowledged, Greenwich
                      Capital Markets Inc. will be making the Fixed Amount payment
                      to Party A on
                      behalf of Party B.

                  

          

           

          

          Additional
            Provision:

          

          (w)
            Compliance with Regulation AB.

          

          (1)
            It
            shall be a swap disclosure event (“Swap Disclosure Event”) if, at any time after
            the date hereof, the Depositor or 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. 

          

          (2)
            (a)Upon the occurrence of a Swap Disclosure Event, 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: 

          

          (i)
            provide to the Sponsor and the Depositor: (i) if the Aggregate Significance
            Percentage is 10% or more, but less than 20%, the information required
            under
            Item 1115(b)(1) 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 

          

          (ii)
            assign its rights and delegate its obligations under the Transaction
            to a
            counterparty with the Approved Ratings Thresholds (or 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. 

          

          (b)
            For
            so long as the Aggregate Significance Percentage is 10% or more, Party
            A shall
            provide any updates to the information provided pursuant to clause (a)(ii)
            above
            to the Sponsor and the Depositor within five (5) Business Days following
            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 even more than 90
            days after the end of each of Party A’s fiscal year for any annual update).

          

          (c)
            All
            information provided pursuant to clauses (a)(i) and (b) 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).
            In addition, any such information, if audited, shall be accompanied by
            any
            necessary auditor’s consents. 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.   

          

          (3)
            If
            (a) Party A has failed to deliver any information, report, certification
            or
            accountants’ consent when and as required under (w)(2) above, which continues
            unremedied for the lesser of ten calendar days after the date on which
            such
            information, report, certification or accountants’ consent was required to be
            delivered or such period in which the applicable Exchange Act Report
            for which
            such information is required can be timely filed and (b) Party A has
            not, at its
            own cost, within the period in which the applicable Exchange Act Report
            for
            which such information is required can be timely filed caused another
            entity to
            replace Party A as party to this Agreement that (i) has signed an agreement
            with
            Party B and the related Depositor substantially in the form of this Agreement,
            (ii) has agreed to deliver any information, report, certification or
            accountants’ consent when and as required under this clause (w)(2) above and
            (iii) is approved by the related Depositor (which approval shall not
            be
            unreasonably withheld) and any rating agency, if applicable, on terms
            substantially similar to the Derivative Agreement, then Party A shall
            promptly
            reimburse the Issuing Entity, the present and former respective officers,
            directors, employees and agents of the Issuing Entity and any such controlling
            person for any legal or other expenses reasonably incurred by it or any
            of them
            in connection with investigating or defending any such losses, claims,
            liabilities, damages, penalties, fines, forfeitures, legal fees or expenses
            or
            related costs, judgments, or any other costs, fees or expenses, as and
            when
            incurred; provided that the foregoing indemnity by Party A shall not
            apply to
            the lost profits of the Issuing Entity or any such related party.

          

          
            	
                    Miscellaneous:

                  	 
	
                    Calculation
                      Agent:

                  	
                    Party
                      A

                  
	 	 
	
                    Office:

                  	
                    For
                      the purposes of this Transaction, Party A is not a Multibranch
                      Party, and
                      the Office of Party B is its Head
                      Office.

                  

          

          Please
            confirm your agreement with the foregoing by executing this Confirmation
            and
            returning such Confirmation, in its entirety, to us at facsimile number
            (+1)
            646-885-9551 (United States of America), Attention: Confirmations
            Group.

           

          
            	
                    Yours
                      sincerely,

                  	
                    Accepted
                      and agreed to:

                  
	 	 
	
                    Lehman
                      Brothers Special Financing Inc.

                  	
                    
                      Deutsche
                        Bank National Trust Company, not in its individual capacity,
                        but solely as
                        Supplemental Interest Trust Trustee with respect to the Supplemental
                        Interest Trust relating to the First Franklin Mortgage Loan
                        Trust
                        2006-FF8, Asset Backed Certificates, Series
                        2006-FF8

                    

                  
	
                     

                  	
                     

                  
	 	
                    By:
                      ________________________

                    Name:

                    Title:

                  
	 	 

          

          

          
             

          

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

          Appendix
            A

           

          

            
              	
                      *Calculation
                        Period from and including

                    	
                      *Calculation
                        Period up to but excluding

                    	
                      Notional
                        Amount (in USD)

                    

            

            
              	
                      5/25/2007

                    	
                      6/25/2007

                    	
                      2,537,831.9086

                    
	
                      6/25/2007

                    	
                      7/25/2007

                    	
                      2,419,640.7685

                    
	
                      7/25/2007

                    	
                      8/27/2007

                    	
                      2,307,013.8564

                    
	
                      8/27/2007

                    	
                      9/25/2007

                    	
                      2,199,686.9617

                    
	
                      9/25/2007

                    	
                      10/25/2007

                    	
                      2,097,408.5025

                    
	
                      10/25/2007

                    	
                      11/26/2007

                    	
                      1,999,938.9191

                    
	
                      11/26/2007

                    	
                      12/26/2007

                    	
                      1,907,017.6433

                    
	
                      12/26/2007

                    	
                      1/25/2008

                    	
                      1,818,467.1516

                    
	
                      1/25/2008

                    	
                      2/25/2008

                    	
                      1,733,595.1844

                    
	
                      2/25/2008

                    	
                      3/25/2008

                    	
                      1,652,096.6862

                    
	
                      3/25/2008

                    	
                      4/25/2008

                    	
                      1,574,760.5374

                    
	
                      4/25/2008

                    	
                      5/27/2008

                    	
                      1,452,231.9770

                    
	
                      5/27/2008

                    	
                      6/25/2008

                    	
                      508,178.9908

                    
	
                      6/25/2008

                    	
                      7/25/2008

                    	
                      458,974.8823

                    
	
                      7/25/2008

                    	
                      8/25/2008

                    	
                      416,964.9946

                    
	
                      8/25/2008

                    	
                      9/25/2008

                    	
                      382,417.4036

                    
	
                      9/25/2008

                    	
                      10/27/2008

                    	
                      365,644.1236

                    
	
                      10/27/2008

                    	
                      11/25/2008

                    	
                      349,658.5226

                    
	
                      11/25/2008

                    	
                      12/26/2008

                    	
                      334,421.0174

                    
	
                      12/26/2008

                    	
                      1/26/2009

                    	
                      319,894.1331

                    
	
                      1/26/2009

                    	
                      2/25/2009

                    	
                      306,042.3860

                    
	
                      2/25/2009

                    	
                      3/25/2009

                    	
                      292,832.1725

                    
	
                      3/25/2009

                    	
                      4/27/2009

                    	
                      280,231.6653

                    
	
                      4/27/2009

                    	
                      5/26/2009

                    	
                      261,886.6135

                    
	
                      5/26/2009

                    	
                      6/25/2009

                    	
                      190,623.4080

                    
	
                      6/25/2009

                    	
                      7/27/2009

                    	
                      183,680.5608

                    
	
                      7/27/2009

                    	
                      8/25/2009

                    	
                      176,993.7816

                    
	
                      8/25/2009

                    	
                      9/25/2009

                    	
                      170,553.4012

                    
	
                      9/25/2009

                    	
                      10/26/2009

                    	
                      164,350.1293

                    
	
                      10/26/2009

                    	
                      11/25/2009

                    	
                      158,375.0393

                    
	
                      11/25/2009

                    	
                      12/28/2009

                    	
                      152,619.5530

                    
	
                      12/28/2009

                    	
                      1/25/2010

                    	
                      147,075.4263

                    

            

          

          

          *subject
            to adjustment in accordance with
            the relevant Business Day Convention.

           

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

         

        

          (Multicurrency-Cross
            Border) 

          ISDAâ

          

          International
            Swap Dealers Association, Inc.

          

          MASTER
            AGREEMENT

          

          dated
            as
            of June 29, 2006

          

          
            	
                    LEHMAN
                      BROTHERS 

                    SPECIAL
                      FINANCING INC.

                  	 	
                    DEUTSCHE
                      BANK NATIONAL TRUST COMPANY,
                      NOT IN ITS INDIVIDUAL CAPACITY, BUT SOLELY AS SUPPLEMENTAL
                      INTEREST TRUST TRUSTEE WITH RESPECT TO THE SUPPLEMENTAL INTEREST
                      TRUST
                      RELATING TO THE
                      FIRST FRANKLIN MORTGAGE LOAN TRUST 2006-FF8, ASSET BACKED CERTIFICATES,
                      SERIES 2006-FF8

                  

          

           

          have
            entered and/or anticipate entering into one or more transactions (each
            a
“Transaction”) that are or will be governed by this Master Agreement, which
            includes the schedule (the “Schedule”), and the documents and other confirming
            evidence (each a “Confirmation”) exchanged between the parties confirming those
            Transactions.

           

          Accordingly,
            the parties agree as follows:3⁄4

           

          
            	1.	
                    Interpretation

                  

          

           

          
            	(a)	
                    Definitions.
                      The terms defined in Section 14 and in the Schedule will have
                      the meanings
                      therein specified for the purpose of this Master Agreement.
                      

                  

          

           

          
            	(b)	
                    Inconsistency. 
                      In
                      the event of any inconsistency between the provisions of the
                      Schedule and
                      the other provisions of this Master Agreement, the Schedule
                      will prevail.
                      In the event of any inconsistency between the provisions of
                      any
                      Confirmation and this Master Agreement (including the Schedule),
                      such
                      Confirmation will prevail for the purposes of the relevant
                      Transaction.

                  

          

           

          
            	(c)	
                    Single
                      Agreement.
                      All Transactions are entered into in reliance on the fact that
                      this Master
                      Agreement and all Confirmations form a single agreement between
                      the
                      parties (collectively referred to as this “Agreement”), and the parties
                      would not otherwise enter into any
                      Transactions.

                  

          

           

          
            	2.	
                    Obligations

                  

          

           

          
            	(a)	
                    General
                      Conditions.

                  

          

           

          (i)
            Each
            party will make each payment or delivery specified in each Confirmation
            to be
            made by it, subject to the other provisions of this Agreement.

           

          (ii)
            Payments under this Agreement will be made on the due date for value
            on that
            date in the place of the account specified in the relevant Confirmation
            or
            otherwise pursuant to this Agreement, in freely transferable funds and
            in
            the manner customary for
            payments in the required currency.
            Where settlement is by delivery (that is, other than by payment), such
            delivery
            will be made for receipt on the due date in the manner customary for
            the
            relevant obligation unless otherwise specified in the relevant Confirmation
            or
            elsewhere in this Agreement.

           

          (iii)
            Each obligation of each party under Section 2(a)(i) is subject to (1)
            the
            condition precedent that no Event of Default or Potential Event of Default
            with
            respect to the other party has occurred and is continuing, (2) the condition
            precedent that no Early Termination Date in respect of the relevant Transaction
            has occurred or been effectively designated and (3) each other applicable
            condition precedent specified in this Agreement.

          value
            of
            that which was (or would have been) required to be delivered as of the
            originally scheduled date for delivery, in each case together with (to
            the
            extent permitted under applicable law) interest, in the currency of such
            amounts, from (and including) the date
            such
            amounts or obligations were or
            would
            have been
            required to have been paid or performed to (but excluding) such
            Early Termination Date, at the Applicable Rate. Such amounts of interest
            will be
            calculated on the basis of daily compounding and the actual number of
            days
            elapsed. The fair market value of any obligation referred to in clause
            (b) above
            shall be reasonably determined by the party obliged to make the determination
            under Section 6(e) or, if each party is so obliged, it shall be the average
            of
            the Termination Currency Equivalents of the fair market values reasonably
            determined by both parties.

           

          IN
            WITNESS WHEREOF the parties have executed this document on the respective
            dates
            specified below with effect from the date specified on the first page
            of this
            document.

           

          
            	
                    LEHMAN
                      BROTHERS 

                    SPECIAL
                      FINANCING INC.

                  	 	
                    DEUTSCHE
                      BANK NATIONAL TRUST COMPANY, NOT
                      IN ITS INDIVIDUAL CAPACITY, BUT SOLELY AS
                      SUPPLEMENTAL INTEREST TRUST TRUSTEE WITH RESPECT TO THE SUPPLEMENTAL
                      INTEREST TRUST RELATING
                      TO
                      THE FIRST FRANKLIN MORTGAGE LOAN TRUST 2006-FF8, ASSET BACKED
                      CERTIFICATES, SERIES 2006-FF8

                  
	
                    (Name
                      of Party)

                  	 	
                    (Name
                      of Party)

                  
	
                     

                     

                     

                  	 	 
	 	 	 
	
                    Name:

                  	 	
                    Name:

                  
	
                    Title:

                  	 	
                    Title:

                  
	
                    Date:

                  	 	
                    Date:

                  

          

           

          Copyright
ã
            1992 by
            International Swap Dealers Association, Inc.

          
            
              
                
                

              

              
                
                

                
                  

                

              

              
                
                

              

            

          

           

          Revised
            3/7/02 

          (Multicurrency-Cross
            Border)

          

          SCHEDULE

          to
            the

          Master
            Agreement

          dated
            as
            of June 29, 2006

          between
            

          LEHMAN
            BROTHERS SPECIAL FINANCING INC.
            (“Party
            A”), 

          a
            corporation organized under the laws of 

          the
            State
            of Delaware 

          and

          DEUTSCHE
            BANK NATIONAL TRUST COMPANY, NOT IN ITS INDIVIDUAL CAPACITY, BUT SOLELY
            AS
            SUPPLEMENTAL INTEREST TRUST TRUSTEE WITH RESPECT TO THE SUPPLEMENTAL
            INTEREST
            TRUST RELATING TO THE FIRST FRANKLIN MORTGAGE LOAN TRUST 2006-FF8, ASSET
            BACKED
            CERTIFICATES, SERIES 2006-FF8
            (“Party
            B”)

          

          All
            terms used herein and not otherwise defined are given their meaning in
            the
            Pooling and Servicing Agreement dated as of June 1, 2006 First 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”).

           

           

          
            Part
              1: Termination Provisions

            

            In
              this
              Agreement:-

            

            
              	
                      (a)

                    	
                      “Specified
                        Entity”
                        means in relation to Party A for the purpose
                        of:-

                    

            

             

            

              
                	 	
                        Section
                          5(a)(v),

                      	 	
                        Not
                          applicable.

                      
	 	
                        Section
                          5(a)(vi),

                      	 	
                        Not
                          applicable.

                      
	 	
                        Section
                          5(a)(vii),

                      	 	
                        Not
                          applicable.

                      
	 	
                        Section
                          5(b)(iv),

                      	 	
                        Not
                          applicable.

                      
	 	 	 	 
	
                         

                      	
                         

                      	
                        and
                          in relation to Party B for the purpose of:-  

                      
	 	 	 	 
	 	
                        Section
                          5(a)(v),

                      	 	
                        Not
                          applicable.

                      
	 	
                        Section
                          5(a)(vi),

                      	 	
                        Not
                          applicable.

                      
	 	
                        Section
                          5(a)(vii),

                      	 	
                        Not
                          applicable.

                      
	 	
                        Section
                          5(b)(iv),

                      	 	
                        Not
                          applicable.

                      

              

            

             

            
              	
                      (b)

                    	
                      “Specified
                        Transaction”
                        will have the meaning specified in Section
                        14
                        of
                        this Agreement. 

                    

            

            

            
              	
                      (c)
                        

                    	
                      Events
                        of Default:

                    

            

            

            (i)     The
              “Breach
              of Agreement”
              provisions of Section 5(a)(ii) will apply to Party A and will not apply
              to Party
              B.

            

            (ii)             
              The
              “Credit
              Support Default”
              provisions of Section 5(a)(iii) will apply to Party A and will not
              apply to
              Party B. 

            

            (iii)            
              The
              “Misrepresentation”
              provisions of Section 5(a)(iv) will not apply to Party A and will not
              apply to
              Party B.

            

            (iv)            
              The
              “Default
              under Specified Transaction”
              provisions of Section 5(a)(v) will not apply to Party A and will not
              apply to
              Party B.

            

            (v)             
              “Cross
              Default”
              provisions of Section
              5(a)(vi)
              will not
              apply to Party A and will not apply to Party B.

            

            (vi)            
              Clause
              (2) of the “Bankruptcy”
              provisions of Section 5(a)(vii) will not apply to Party B with respect
              to its
              inability to pay its subordinated debt.

            

            
              	
                      (d)

                    	
                      Termination
                        Events:

                    

            

            

            (i)              
              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, Market Quotation and Second Method will apply.
                        

                    

              	 	 

              	(g) 	
                      “Termination
                        Currency”
                        means USD.

                    

            

             

            
              	
                      (h)

                    	
                      Additional
                        Termination Events
                        will apply. Each of the following shall constitute an Additional
                        Termination Event:

                    

            

            
(A)
              Payment
              of Notes prior to Termination Date.
              

          

          

          (i)
            If,
            at any time, the Terminator (as defined in the Pooling and Servicing
            Agreement)
            purchases the Mortgage Loans pursuant to Section 10.01 of the Pooling
            and
            Servicing Agreement, then an Additional Termination Event shall have
            occurred
            with respect to Party B with Party B as the sole Affected Party with
            respect to
            such Additional Termination Event. Notwithstanding the provisions of
            section
            6(b)(iv) of this Agreement, either Party A or Party B may designate an
            Early
            Termination Date in respect of this Additional Termination Event;
            provided,
            further,
            that such Early Termination Date shall not be prior to the final Distribution
            Date.

          

          (ii)
            If
            the Trustee is unable to pay to its Class A Certificates or fails or
            admits in
            writing its inability to pay its Class A Certificates (a) on any related
            Monthly
            Interest Distributable Amount or (b) with respect to any amount in respect
            of
            principal required to be paid pursuant to the terms of the Pooling and
            Servicing
            Agreement, then an Additional Termination Event shall have occurred with
            respect
            to Party B with Party B as the sole Affected Party with respect to such
            Additional Termination Event.

           

          (B) Approved
            Ratings Threshold.
            Upon
            the
            occurrence of a Collateralization Event (as defined below) if Party A
            has not,
            within 30 days after such ratings downgrade (unless, within 30 days after
            such
            downgrade, each such Rating Agency has reconfirmed the rating of the
            Certificates and any notes backed by the Certificates (the “Notes”) which was in
            effect immediately prior to such downgrade without regard to any financial
            guarantee insurance policy, if applicable, unless the rating of the Certificates
            and any Notes was changed due to a circumstance other than the downgrading
            of
            Party A's (or its Credit Support Providers’ rating), complied with one of the
            four solutions listed 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. 

          

          In
            the
            event that (A) either (i) the unsecured, long-term senior debt obligations
            of
            Party A (or its Credit Support Provider) are rated below “A1” by Moody's or are
            rated “A1” by Moody's and such rating is on watch for possible downgrade (but
            only for so long as it is on watch for possible downgrade) or (ii) the
            unsecured, short-term debt obligations of Party A (or its Credit Support
            Provider) are rated below “P-1” by Moody's or are rated “P-1” by Moody's and
            such rating is on watch for possible downgrade (but only for so long
            as it is on
            watch for possible downgrade), (B) no short-term rating is available
            from
            Moody’s and the unsecured, long-term senior debt obligations of Party A (or
            its
            Credit Support Provider) are rated below "Aa3" by Moody's or are rated
“Aa3” by
            Moody's and such rating is on watch for possible downgrade (but only
            for so long
            as it is on watch for possible downgrade), or (C) either (i) the unsecured,
            short-term debt obligations of Party A (or its Credit Support Provider)
            are
            rated below “A-1” by S&P or (ii) if Party A (or its Credit Support Provider)
            does not have a short-term rating from S&P, the unsecured, long-term senior
            debt obligations of Party A (or its Credit Support Provider) are rated
            below
“A+” by S&P (such event a “Collateralization Event”), then, Party A, at its
            own cost and subject to Rating Agency Condition (other than with respect
            to
            sub-clause (iii) below), shall within 30 days either (i) cause another
            entity to
            replace Party A as party to this Agreement that satisfies the Swap Counterparty
            Ratings Requirement and that is approved by the Trustee (which approval
            shall
            not be unreasonably withheld) on terms substantially similar to this
            Agreement;
            (ii) obtain a guaranty of, or a contingent agreement of another person
            that
            satisfies the Swap Counterparty Ratings Requirement),
            to
            honor Party A's obligations under this Agreement, provided that such
            other
            person is approved by the Trustee such approval not to be unreasonably
            withheld;
            (iii) post collateral in accordance with the Credit Support Annex attached
            hereto; or (iv) establish any other arrangement satisfactory to the applicable
            Rating Agency which will be sufficient to restore the immediately prior
            ratings
            of the Certificates and any Notes without regard to any financial guarantee
            policy, if applicable, that satisfies the Swap Counterparty Ratings
            Requirements. If
            Party A posts collateral in any circumstance described in this paragraph,
            and if
            required at the time by S&P or necessary to satisfy the Rating Agency
            Condition, concurrently with such delivery of Eligible Collateral, Party
            A shall
            cause its outside counsel to deliver to Party B an opinion in form and
            substance
            acceptable to S&P, as to the enforceability, perfection and priority of
            Party B’s security interest in such Eligible Collateral in all relevant
            jurisdictions (i.e., that, notwithstanding Party A’s insolvency, the collateral
            will be available to meet swap obligations free from any preference claim
            or
            moratorium). All collateral posted by Party A shall be returned to Party
            A
            immediately upon Party A securing a substitute counterparty that satisfies
            the
            Swap Counterparty Ratings Requirements. 

          

          “Swap
            Counterparty Ratings Requirement"
            shall mean (a) either (i) the unsecured, short-term debt obligations
            of the
            substitute counterparty (or its Credit Support Provider) are rated at
            least
            "A-1" by S&P or (ii) if the substitute counterparty does not have a
            short-term rating from S&P, the unsecured, long-term senior debt obligations
            of the substitute counterparty (or its Credit Support Provider) are rated
            at
            least "A+" by S&P, and (b) either (i) the unsecured, long-term senior debt
            obligations of such substitute counterparty (or its Credit Support Provider)
            are
            rated at least "A1" by Moody's (and if rated "A1" by Moody's, such rating
            is not
            on watch for possible downgrade) and the unsecured, short-term debt obligations
            of such substitute counterparty (or its Credit Support Provider) are
            rated at
            least "P-1" by Moody's (and if rated "P-1" by Moody's, such rating is
            not on
            watch for possible downgrade and remaining on watch for possible downgrade),
            or
            (ii) if such substitute counterparty (or its Credit Support Provider)
            does not
            have a short-term debt rating from Moody's, the unsecured, long-term
            senior debt
            obligations of such substitute counterparty (or its Credit Support Provider)
            are
            rated at least "Aa3" by Moody's (and if rated "Aa3" by Moody's, such
            rating is
            not on watch for possible downgrade).

           

          (C)
            Ratings
            Event.
            Upon the
            occurrence of a Ratings Event (as defined below) Party A has not, within
            10 days
            after such rating withdrawal or downgrade (unless, within 10 days after
            such
            withdrawal or downgrade, each such Rating Agency has reconfirmed the
            rating of
            the Certificates and any Notes which was in effect immediately prior
            to such
            withdrawal or downgrade without regards to any financial guarantee insurance
            policy, if applicable unless the rating of the Certificates and the Notes
            was
            changed due to a circumstance other than the withdrawal or downgrading
            of Party
            A's (or its Credit Support Provider’s) rating), complied with one of the
            solutions listed 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.

          

          It
            shall
            be a ratings event (“Ratings Event”) if at any time after the date hereof Party
            A shall fail to satisfy the Swap Counterparty Ratings Threshold. “Swap
            Counterparty Ratings Threshold” shall mean that both (A) the unsecured,
            long-term senior debt obligations of Party A (or its Credit Support Provider)
            are rated at least “BBB-” by S&P, and (B) either (i) the unsecured,
            long-term senior debt obligations of Party A (or its Credit Support Provider)
            are rated at least “A2" by Moody’s (including if such rating is on watch for
            possible downgrade) and the unsecured, short-term debt obligations of
            Party A
            (or its Credit Support Provider) are rated at least “P-1” by Moody’s (including
            if such rating is on watch for possible downgrade) or (ii) if Party A
            (or its
            Credit Support Provider) does not have a short-term rating from Moody’s, the
            unsecured, long-term senior debt obligations of Party A (or its Credit
            Support
            Provider) are rated at least “A1” by Moody’s (including if such rating is on
            watch for possible downgrade).

          

          Following
            a Ratings Event, Party A shall take the following actions at
            its own expense and subject to the Rating Agency Condition (other than
            with
            respect to sub-clause (A) hereafter), (A) immediately post collateral
            in
            accordance with the Credit Support Annex attached hereto (until such
            time as it
            has secured a substitute counterparty or a guarantor that satisfies the
            Swap
            Counterparty Ratings Requirement), and (B) not later than 10 days after
            the
            occurrence of such a downgrade or withdrawal by S&P
            or Moody’s,
            either (I) assign all of its rights and obligations under the Transactions
            to a
            counterparty that satisfies the Swap Counterparty Ratings Requirement
            or whose
            guarantor satisfies the Swap Counterparty Ratings Requirement pursuant
            to
            documentation substantially similar to the documentation then in place
            and
            subject to prior notification to the Rating Agencies, or (II) provide
            a guaranty
            from a guarantor that satisfies the Swap Counterparty Ratings Requirement
            pursuant to documentation substantially similar to the documentation
            then in
            place and subject to prior notification to the Rating Agencies.

          

          The
            occurrence of the Additional Termination Event described in Part 1(h)(A)
            and (B)
            shall have no effect on Party A’s obligation to undertake the steps set forth
            hereunder in the event Party B does not exercise its right to terminate
            hereunder. Notwithstanding the foregoing, in the event that S&P
            has other published criteria with respect to the downgrade of a counterparty
            in
            effect at the time of such a downgrade of Party A, Party A shall be entitled
            to
            elect to take such other measures specified in such published criteria
            subject
            to the satisfaction of the Rating Agency Condition.

           

          (D)
            Amendment or Supplement
            to Pooling and Servicing Agreements without Party
            A’s
            Prior Written Consent.
            Party B
            enters into an amendment or supplement to the Pooling and Servicing Agreement
            or
            other modification to the Pooling and Servicing Agreement that could
            reasonably
            be expected to have a material adverse effect on Party A without prior
            notice to Party A and the prior written consent of Party A
            (such
            consent not to be unreasonably withheld or delayed). For
            the
            purpose of the foregoing Additional Termination Event, Party B shall
            be the sole
            Affected Party. 

           

          (E)
            Return
            of Collateral.
            Party B
            or its Custodian fails to transfer any Return Amount pursuant to the
            terms of
            the Credit Support Annex following any applicable notice, cure and grace
            periods
            provided for thereunder. For the purpose of the foregoing Termination
            Event,
            Party B shall be the sole Affected Party.

          

          

          Part
            2: Tax Representations

          

          
            	
                    (a)

                  	
                    Payer
                      Tax Representations.
                      For the purpose of Section
                      3(e)
                      of
                      this Agreement, Party A and Party B will each make the following
                      representation:

                  

          

          

          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 Sections
            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 (i) the accuracy of any representation
            made
            by the other party pursuant to Section
            3(f)
            of this
            Agreement, (ii) the satisfaction(s) of the agreement of the other party
            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)
            of this
            Agreement by reason of material prejudice to its legal or commercial
            position.

           

          
            	(b)	
                    Payee
                      Tax Representations.
                      

                  

          

          

          For
            the
            purpose of Section
            3(f)
            of this
            Agreement, Party A represents that it is a corporation duly organized
            and
            validly existing under the laws of the State of Delaware and Party B
            represents
            that it is a
“United
            States person” as such term is defined in Section 7701(a)(30) of the Internal
            Revenue Code of 1986, as amended. 

          

          
            	(c)	
                    Tax
                      Representations in Confirmations. For
                      purposes of Sections
                      2(d)(i)(4)
                      and 3(f),
                      any payee tax representation specified in a Confirmation under
                      this
                      Agreement shall be deemed to be specified in this
                      Schedule.

                  

          

           

          
            	
                    (d)

                  	
                    Deduction
                      or Withholding for Tax.
                      The provisions of Section 2(d)(i)(4) and 2(d)(ii) will not
                      apply to Party
                      B and Party B shall not be required to pay any additional amounts
                      referred
                      to therein.

                  

          

          

           

          Part
            3: Agreement to Deliver Documents

          

          For
            the
            purpose of Sections
            4(a)(i)
            and
            (ii)
            of this
            Agreement, each party agrees to deliver the following documents, as
            applicable:-

          

          
            	(a)	
                    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 and Party B

                  	
                     

                    Forms
                      and/or documents described in Section
                      4(a)(iii)
                      of
                      the Agreement.

                  	
                     

                    Upon
                      reasonable demand by the other
                      party.

                  

          

          

          
            	(b)	
                    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)

                  
	 	 	 	 
	
                    Party
                      A and Party B

                  	
                    For
                      each party, an incumbency certificate with respect to each
                      signatory to
                      this Agreement and the Credit Support Documents.

                  	
                    Upon
                      execution of this Agreement.

                  	
                    Yes

                  
	 	 	 	 
	
                    Party
                      A 

                  	
                    A
                      copy of the annual report of its Credit Support Provider containing
                      audited consolidated financial statements for such fiscal year
                      certified
                      by independent public accountants and prepared in accordance
                      with
                      generally accepted accounting principles consistently
                      applied.

                  	
                    Upon
                      request.

                  	
                    Yes

                  
	 	 	 	 
	
                    Party
                      A 

                  	
                    For
                      its most recent fiscal quarter, a copy of the unaudited financial
                      statements of its Credit Support Provider, prepared in accordance
                      with
                      generally accepted accounting principles consistently
                      applied.

                  	
                    Upon
                      request.

                  	
                    Yes

                  
	 	 	 	 
	
                    Party
                      A and Party B

                  	
                    (i)
                      In the case of Party A, a copy of the resolutions or other
                      action of the
                      board of directors of each of Party A and its Credit Support
                      Provider and
                      (ii) in the case of Party B, (x) Evidence of authority of Party
                      B or its
                      Credit Support Provider, the Pooling and Servicing Agreement
                      or other
                      document of Party B, pursuant to which Party B is authorized
                      to enter into
                      this Agreement, each Credit Support Document to which it is
                      a party, and
                      each Transaction from time to time entered into hereunder (the
                      “Authorizing Resolution”). 

                  	
                    Upon
                      execution of this Agreement.

                  	
                    Yes

                  
	 	 	 	 
	
                    Party
                      A

                  	
                    A
                      guarantee of Lehman Brothers Holdings Inc. (“Holdings”) substantially in
                      the form of Exhibit
                      A
                      to
                      this Schedule.

                  	
                    Upon
                      execution of this Agreement

                  	
                    No

                  
	 	 	 	 
	
                    Party
                      B

                  	
                    An
                      opinion of counsel to Party B substantially in the form of
Exhibit
                      B
                      to
                      this Schedule. 

                  	
                    Upon
                      execution of this Agreement

                  	
                    No

                  
	 	 	 	 
	
                    Party
                      A

                  	
                    An
                      opinion of counsel to Party A substantially in the form of
Exhibit
                      C
                      to
                      this Schedule. 

                  	
                    Upon
                      execution of this Agreement

                  	
                    No

                  
	 	 	 	 
	
                    Party
                      B

                  	
                    Filings
                      of Reports by Trustee

                  	
                    In
                      accordance with Pooling and Servicing Agreement.

                  	
                    Yes

                  

          

          

          

          Part
            4: Miscellaneous

           

          
             

            
              
                	(a)	
                        Addresses
                          for Notices.
                          For the purpose of Section
                          12(a)
                          of this Agreement:-

                      	 
	 	 	 
	 	Address
                        for
                        notices or communications to Party A:-	 
	 	 	 	 
	 	
                        Address:

                      	
                        Lehman
                          Brothers Special Financing Inc.

                      	 
	 	
                         

                      	
                        c/o
                          Lehman Brothers Inc. 

                      	 
	 	
                         

                      	
                        Corporate
                          Advisory Division

                      	 
	 	
                         

                      	
                        Transaction
                          Management Group

                      	 
	 	 	
                        745
                          Seventh Avenue

                      	 
	 	 	
                        New
                          York, New York 10019

                      	 
	 	 	 	 
	 	
                        Attention:

                      	
                        Documentation
                          Manager

                      	 
	 	
                        Telephone
                          No.:

                      	
                        (212)
                          526-7187

                      	 
	 	
                        Facsimile
                          No.:

                      	
                        (212)
                          526-7672

                      	 
	 	 	
                        For
                          all purposes.

                      	
                         

                      
	 	 	 	 
	 	
                        Address
                          for notices or communications to Party B:-

                      	 
	 	 	 	 
	 	
                        Address:

                      	
                        Deutsche
                          Bank National Trust Company

                      	
                         

                      
	 	
                         

                      	
                        1761
                          East Saint Andrew Place

                      	 
	 	
                         

                      	
                        Santa
                          Ana, CA 92705

                      	 
	 	 	 	 
	 	
                        Attention:

                      	
                        First
                          Franklin 2006-FF8 Cap reference: GC06Z

                      	 
	 	
                        Telephone
                          No.:

                      	
                        (714)
                          247-6000

                      	 
	 	
                        Facsimile
                          No.:

                      	
                        (714)
                          244-6285

                      	 
	 	 	 	 
	 	
                         

                      	
                        For
                          all purposes.

                      	 

              

            

             

            

              
                	
                        (b)

                      	
                        Process
                          Agent.
                          For the purpose of Section
                          13(c)
                          of this Agreement:-

                      
	 	 
	 	
                        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 not a Multibranch Party.

                      
	 	
                        Party
                          B is not a Multibranch Party.

                      
	 	 
	
                        (e)

                      	
                        Calculation
                          Agent.
                          The Calculation Agent is Party A.

                      
	 	 
	
                        (f)

                      	
                        Credit
                          Support Document. 

                      
	 	 
	 	
                        In
                          the case of Party A: (1) A guarantee of Party A's obligations
                          hereunder
                          substantially in the form annexed hereto as Exhibit
                          A
                          to
                          this Schedule. (2) The Credit Support Annex which supplements,
                          forms part
                          of, and is subject to this Agreement.

                      
	 	 
	 	
                        In
                          the case of Party B: the Pooling and Servicing Agreement.
                          

                      
	 	 
	
                        (g)

                      	
                        Credit
                          Support Provider. 

                      
	 	 
	 	
                        Credit
                          Support Provider means in relation to Party A: Lehman Brothers
                          Holdings
                          Inc.

                      
	 	 
	 	
                        Credit
                          Support Provider means in relation to Party B: None.

                      
	 	 
	
                        (h)

                      	
                        Governing
                          Law. This
                          Agreement will be governed by and construed in accordance
                          with the laws of
                          the State of New York (without reference to choice of law
                          doctrine other
                          than Sections 5-1401 and 5-1402 of the New York General
                          Obligations
                          Law).

                      
	 	 
	
                        (i)

                      	
                        Jurisdiction. Section
                          13(b)
                          is
                          hereby amended by: (i) deleting in the second line of subparagraph
                          (i)
                          thereof the word “non-”; and (ii) deleting the final paragraph
                          thereof.

                      
	 	 
	
                        (j)

                      	
                        Netting
                          of Payments. Subparagraph
                          (ii)
                          of
                          Section
                          2(c)
                          of
                          this Agreement will apply.

                      
	 	 
	
                        (k)

                      	
                        “Affiliate”
                          will
                          have the meaning specified in Section
                          14
                          of
                          this Agreement, except that Party B shall be deemed to
                          have no Affliates
                          and; provided,
                          however,
                          that with respect to Party A, such definition shall be
                          understood to
                          exclude Lehman Brothers Derivative Products Inc. and Lehman
                          Brothers
                          Financial Products Inc.

                      

              

            

             

            Part
              5: Other Provisions

          

          

          
            	
                     (a)

                  	
                    Accuracy
                      of Specified Information. Section
                      3(d)
                      is
                      hereby amended by inserting in the third line thereof after
                      the words “in
                      every material respect” and before the period the phrase “or, in the case
                      of audited or unaudited financial statements, a fair presentation,
                      in all
                      material respects, of the financial condition of the relevant
                      person.”

                  

          

          

          
            	
                    (b)

                  	
                    No
                      Violation or Conflict Representation. Section
                      3(a)(iii)
                      is
                      hereby amended by inserting in the second line thereof after
                      the words
                      “constitutional documents” and before the words “, any order or judgment”
                      the phrase “(including, but not limited to, the Pooling and Servicing
                      Agreement, as amended, and any and all resolutions, investment
                      policies,
                      guidelines, procedures or restrictions).”; provided,
                      such amendment shall be applicable only with respect to the
                      Representations of Party B.

                  

          

          

          
            	
                    (c)

                  	
                    Representations. Section
                      3
                      is
                      hereby amended by adding the following subsections after subsection
                      (f)
                      thereof:

                  

          

          

          
            	 	
                    (g)

                  	
                    No
                      Agency. It
                      is entering into this Agreement, any Credit Support Document
                      to which it
                      is a party, and each Transaction, and any other documentation
                      relating to
                      this Agreement or any Transaction, as principal (and not as
                      agent or in
                      any other capacity, fiduciary or
                      otherwise).

                  

          

          

          
            	 	
                    (h)

                  	
                    Eligible
                      Contract Participant.
                      It
                      is an “eligible contract participant” within the meaning of Section 1a(12)
                      of the Commodity Exchange Act, as
                      amended.

                  

          

          

          
            	 	
                    (i)

                  	
                    Non-Reliance.
                      It
                      is acting for its own account, and it has made its own independent
                      decisions to enter into each Transaction and as to whether
                      that
                      Transaction is appropriate or proper for it based upon its
                      own judgment
                      and upon advice from such advisers as it has deemed necessary.
                      It is not
                      relying on any communication (written or oral) of the other
                      party as
                      investment advice or as a recommendation to enter into that
                      Transaction;
                      it being understood that information and explanations related
                      to the terms
                      and conditions of a Transaction shall not be considered investment
                      advice
                      or a recommendation to enter into that Transaction. No communication
                      (written or oral) received from the other party shall be deemed
                      to be an
                      assurance or guarantee as to the expected results of that
                      Transaction.

                  

          

          

          
            	 	
                    (j)

                  	
                    Assessment
                      and Understanding.
                      It
                      is capable of assessing the merits of and understanding (on
                      its own behalf
                      or through independent professional advice), and understands
                      and accepts,
                      the terms, conditions and risks of that Transaction. It is
                      also capable of
                      assuming, and assumes, the risks of that
                      Transaction.

                  

          

          

          
            	 	
                    (k)

                  	
                    Status
                      of Parties.
                      The other party is not acting as a fiduciary for or an adviser
                      to it in
                      respect of that Transaction.

                  

          

           

          
            
              	(d)	
                      Third-Party
                        Beneficiary.
                        Party B agrees with Party A that Party A shall be an express
                        third-party
                        beneficiary of the Pooling and Servicing Agreement. 

                    

            

          

          

          
            	
                    (e)

                  	
                    Set-off.
                      Notwithstanding any provision of this Agreement or any other
                      existing or
                      future agreements, each of Party A and Party B irrevocably
                      waives as to
                      itself any and all contractual rights it may have to set-off,
                      net, recoup
                      or otherwise withhold or suspend or condition its payment or
                      performance
                      of any obligation to the other party under this Agreement against
                      any
                      obligation of one party hereto to the other party hereto arising
                      outside
                      of this Agreement (which Agreement includes, without limitation,
                      the
                      Master Agreement to which this Schedule is attached, this Schedule,
                      the
                      Confirmations and any Credit Support Document). For the avoidance
                      of
                      doubt, this provision shall not cause Party A or Party B to
                      waive any
                      right it may have to net payments in respect of the same transaction.
                      The
                      provisions for Set-Off set forth in Section 6(e) shall not
                      apply.

                  

          

          

          
            	
                    (f)

                  	
                    Transfer
                      and Assignment.
                      Notwithstanding anything to the contrary in Section
                      7
                      of
                      the Agreement, Party A may assign its rights and obligations
                      under the
                      Agreement, in whole or in part, to any Affiliate of Holdings
                      (an
                      “Assignee”) effective upon delivery to Party B of the guarantee by
                      Holdings, in favor of Party B, of the obligations of such Affiliate,
                      such
                      guarantee to be substantially the same as the guarantee then
                      in effect of
                      the obligations of the transferor,. Party A will provide prior
                      written
                      notice to each Rating Agency of any such assignment.
                      

                  

          

          

          Any
            transfer pursuant to the foregoing or Section 7 of this Agreement shall
            meet the
            following requirements:

          

          1.
            No
            Event of Default or Termination Event (including, for the avoidance of
            doubt, an
            Additional Termination Event) would occur as a result of such
            transfer;

          

          2.
            Party
            A delivers to Party B both (a) an executed acceptance and assumption
            by the
            Assignee of this Agreement and all Transactions (the “Transferred Obligations”)
            and (b) an executed guarantee from Party A’s Credit Support Provider on behalf
            of the Assignee, with respect to the Transferred Obligations, substantially
            and
            in all material respects in the form of the guaranty provided hereunder;
            and

          

          3.
            As a
            result of the Transfer, on the next scheduled payment date Party B is
            not
            required to make payments (tax or otherwise) that are more than or receive
            payments (tax or otherwise) that are less than the payments that Party
            B would
            be required to make or receive under the Transactions or the Agreement
            had the
            transfer not occurred. 

          

          On
            the
            effective date of such transfer, (1) Party A shall be released from all
            obligations and liabilities arising under the Transferred Obligations;
            (2) the
            Assignee shall assume all obligations and liabilities under the Transferred
            Obligations; and (3) the Transferred Obligations shall cease to be
            Transaction(s) under this Agreement and shall be deemed to be Transaction(s)
            under the ISDA Master Agreement between Assignee and Party B.

           

          
            	
                    (g)

                  	
                    Notices.
                      For the purposes of subsections (iii)
                      and (v)
                      of Section
                      12(a),
                      the date of receipt shall be presumed to be the date sent if
                      sent on a
                      Local Business Day or, if not sent on a Local Business Day,
                      the date of
                      receipt shall be presumed to be the first Local Business Day
                      following the
                      date sent.

                  

          

          

          
            	
                    (h)

                  	
                    Service
                      of Process.
                      The third sentence of Section
                      13(c)
                      shall be amended by adding the following language at the end
                      thereof: "if
                      permitted in the jurisdiction where the proceedings are initiated
                      and in
                      the jurisdiction where service is to be
                      made."

                  

          

          

          
            	
                    (i)

                  	
                    Amendments. Section
                      9(b)
                      is
                      hereby amended by adding at the end thereof the sentence: “In addition,
                      any amendment or modification of this Agreement shall be subject
                      to the
                      Rating Agency Condition.”

                  

          

          

          
            	
                    (j)

                  	
                    Amendments
                      to Pooling and Servicing Agreement.
                      Party B will provide Party A with at least ten (10) days prior
                      written
                      notice of and obtain Party A’s prior written consent to any proposed
                      amendment, supplement or modification to its Pooling and Servicing
                      Agreement that could have a material, adverse effect on Party
                      A or that
                      could otherwise give Party A the right to terminate any Transactions
                      pursuant to the provisions of Part 1(i)(D) above.
                      

                  

          

          

          
            	
                    (k)

                  	
                    No
                      Bankruptcy Petition.
                      Party A agrees that it will not, for a period of one year (or
                      if longer,
                      the applicable preference period) and one day, after the payment
                      in full
                      of the Certificates and any Notes , acquiesce, petition, invoke
                      or
                      otherwise cause Party B, the Supplemental Interest Trust, the
                      Cap Trust,
                      or the Trust created pursuant to the Pooling and Servicing
                      Agreement to
                      invoke the process of any governmental authority for the purpose
                      of
                      commencing or sustaining a case (whether voluntary or involuntary)
                      against
                      Party B under any bankruptcy, insolvency or similar law or
                      appointing a
                      receiver, liquidator, assignee, trustee, custodian, sequestrator
                      or other
                      similar official of Party B or any substantial part of its
                      property or
                      ordering the winding-up or liquidation of the affairs of Party
                      B;
                      provided,
                      that this provision shall not restrict or prohibit Party A
                      from joining
                      any other person, including, without limitation, the Trustee,
                      in any
                      bankruptcy, reorganization, arrangement, insolvency, moratorium
                      or
                      liquidation proceedings already commenced or other analogous
                      proceedings
                      already commenced under applicable law. This provision will
                      survive the
                      termination of the Agreement

                  

          

          

          
            	
                    (l)

                  	
                    Additional
                      Definitions. Section
                      14
                      is
                      hereby amended by adding the following definitions in their
                      appropriate
                      alphabetical order:

                  

          

          

          “DBRS”
means
            Dominion Bond Rating Service Limited

          

          “Moody’s”
means
            Moody’s Investor Services, Inc.

          

          “Rating
            Agencies”
means
            DBRS, Moody’s, S&P, and any other rating agency providing a rating of any
            Certificates or Notes.

          

          “Rating
            Agency Condition”
means,
            with respect to any particular proposed act or omission to act hereunder,
            that
            the party acting or failing to act has consulted with each Rating Agency
            and has
            received from each Rating Agency a written confirmation that the proposed
            action
            or inaction would not cause such Rating Agency to downgrade or withdraw
            its
            then-current rating of any Certificates or Notes. 

          

          
            	 	
                    “S&P”
                      means Standard & Poor’s Ratings Services, a division of The
                      McGraw-Hill Companies, Inc.

                  

          

          

          “USD”
means
            United States Dollars.

          

          All
            terms
            used herein and not otherwise defined are given their meaning in the
            Pooling and
            Servicing Agreement.

          

          
            	
                    (m)

                  	
                    Waiver
                      of Trial By Jury. Insofar
                      as is permitted by law, each party irrevocably waives any and
                      all rights
                      to trial by jury in any legal proceeding in connection with
                      this agreement
                      or any transaction, and acknowledges that this waiver is a
                      material
                      inducement to the other party’s entering into this agreement and each
                      transaction hereunder.

                  

          

          

          
            	
                    (n)

                  	
                    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) for any reason,
                      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 to this Agreement; 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 connection with
                      any such
                      Section) shall be held to be invalid or
                      unenforceable.

                  

          

          

          
            	
                    (o)

                  	
                    Pooling
                      and Servicing Agreement.
                      Party A hereby agrees that, notwithstanding any provision of
                      this
                      agreement to the contrary, Party B’s obligations to pay any amounts owing
                      under this Agreement shall be subject to Section 4.01 of the
                      Pooling and
                      Servicing Agreement and Party A’s right to receive payment of such amounts
                      shall be subject to Section 4.01 of the Pooling and Servicing
                      Agreement.
                      [

                  

          

          

          
            	(p)	
                    Non-Recourse.
                      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 Swap Account and the proceeds thereof,
                      in
                      accordance with the terms of the Pooling and Servicing Agreement.
                      In the
                      event that the Swap Account and proceeds thereof should be
                      insufficient to
                      satisfy all claims outstanding and following the realization
                      of the Swap
                      Account and the proceeds thereof, any claims against or obligations
                      of
                      Party B under this Agreement or any other confirmation thereunder
                      still
                      outstanding shall be extinguished and thereafter not revive.
                      Party B 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 amount
                      in the Swap
                      Account from the Trust created pursuant to the Pooling and
                      Servicing
                      Agreement. 

                  

          

          

          
            	(q)	
                    Limited
                      Liability.
                      Party A and Party B agree to the following: (a) Deutsche Bank
                      National
                      Trust Company (“Deutche Bank”) is entering into this Agreement not in its
                      individual or corporate capacity, but solely in its capacity
                      as
                      Supplemental Interest Trust Trustee under the Pooling and Servicing
                      Agreement; It is expressly understood and agreed by the parties
                      hereto
                      that (a) this Agreement is executed and delivered by Deutsche
                      Bank
                      National Trust Company (“Deutche Bank”), not individually or personally
                      but solely as Supplemental Interest Trust Trustee under the
                      Pooling and
                      Servicing Agreement, in the exercise of the powers and authority
                      conferred
                      and vested in it, (b) each of the representations, undertakings
                      and
                      agreements herein made on the part of Deutsche Bank is made
                      and intended
                      not as personal representations, undertakings and agreements
                      by Deutsche
                      Bank but is made and intended for the purpose of binding only
                      the
                      Supplemental Interest Trust, (c) nothing herein contained shall
                      be
                      construed as creating any liability on Deutsche Bank, individually
                      or
                      personally, to perform any covenant either expressed or implied
                      contained
                      herein, all such liability, if any, being expressly waived
                      by the parties
                      hereto and by any Person claiming by, through or under the
                      parties hereto,
                      and (d) under no circumstances shall Deutsche Bank be personally
                      liable
                      for the payment of any indebtedness or expenses of the Supplemental
                      Interest Trust or be liable for the breach or failure of any
                      obligation,
                      representation, warranty or covenant made or undertaken by
                      the
                      Supplemental Interest Trust Trustee under this Agreement or
                      any other
                      related documents.      

                  

          

          

          The
            parties executing this Schedule have executed the Master Agreement and
            have
            agreed as to the contents of this Schedule.

           

          

          
            	
                    LEHMAN
                      BROTHERS 

                    SPECIAL
                      FINANCING INC.

                  	 	
                    DEUTSCHE
                      BANK NATIONAL TRUST COMPANY, NOT
                      IN ITS INDIVIDUAL CAPACITY, BUT SOLELY AS
                      SUPPLEMENTAL INTEREST TRUST TRUSTEE WITH
                      RESPECT TO
                      THE SUPPLEMENTAL INTEREST TRUST RELATING
                      TO
                      THE FIRST FRANKLIN MORTGAGE LOAN TRUST 2006-FF8, ASSET BACKED
                      CERTIFICATES, SERIES 2006-FF8

                  
	
                    Party
                      A

                  	 	
                    Party
                      B

                  
	
                     

                     

                     

                  	 	
                     

                     

                     

                     

                  
	
                    Name:

                  	 	
                    Name:

                  
	
                    Title:

                  	 	
                    Title:

                  
	
                    Date:

                  	 	
                    Date:

                  
	 	 	 

          

          

            
              
                
                

              

              
                
                

                
                  

                

              

              
                
                

              

            

          EXHIBIT
            A to Schedule

           

          GUARANTEE
            OF LEHMAN BROTHERS HOLDINGS INC.

           

          LEHMAN
            BROTHERS SPECIAL FINANCING INC. (“Party A”) and DEUTSCHE
            BANK NATIONAL TRUST COMPANY, NOT
            IN
            ITS INDIVIDUAL CAPACITY, BUT SOLELY AS
            SUPPLEMENTAL INTEREST TRUST TRUSTEE WITH
            RESPECT TO
            THE SUPPLEMENTAL INTEREST TRUST RELATING
            TO
            THE FIRST FRANKLIN MORTGAGE LOAN TRUST 2006-FF8, ASSET BACKED CERTIFICATES,
            SERIES 2006-FF8
            (“Party
            B”) have entered into a Master Agreement dated as of June 29, 2006, (the
“Master
            Agreement”), pursuant to which Party A and Party B have entered and/or
            anticipate entering into one or more transactions (each a “Transaction”), the
            Confirmation of each of which supplements, forms part of, and will be
            read and
            construed as one with, the Master Agreement (collectively referred to
            as the
“Agreement”). This Guarantee is a Credit Support Document as contemplated in the
            Agreement. For value received, and in consideration of the financial
            accommodation accorded to Party A by Party B under the Agreement, LEHMAN
            BROTHERS HOLDINGS INC., a corporation organized and existing under the
            laws of
            the State of Delaware (“Guarantor”), hereby agrees to the
            following:

           

          (a) Guarantor
            hereby unconditionally guarantees to Party B the due and punctual payment
            of all
            amounts payable by Party A under each Transaction when and as Party A’s
            obligations thereunder shall become due and payable in accordance with
            the terms
            of the Agreement. In case of the failure of Party A to pay punctually
            any such
            amounts, Guarantor hereby agrees, upon written demand by Party B, to
            pay or
            cause to be paid any such amounts punctually when and as the same shall
            become
            due and payable.

           

          (b) Guarantor
            hereby agrees that its obligations under this Guarantee constitute a
            guarantee
            of payment when due and not of collection.

           

          (c) Guarantor
            hereby agrees that its obligations under this Guarantee shall be unconditional,
            irrespective of the validity, regularity or enforceability of the Agreement
            against Party A (other than as a result of the unenforceability thereof
            against
            Party B), the absence of any action to enforce Party A’s obligations under the
            Agreement, any waiver or consent by Party B with respect to any provisions
            thereof, the entry by Party A and Party B into additional Transactions
            under the
            Agreement or any other circumstance which might otherwise constitute
            a legal or
            equitable discharge or defense of a guarantor (excluding the defense
            of payment
            or statute of limitations, neither of which is waived) provided, however,
            that
            Guarantor shall be entitled to exercise any right that Party A could
            have
            exercised under the Agreement to cure any default in respect of its obligations
            under the Agreement or to setoff, counterclaim or withhold payment in
            respect of
            any Event of Default or Potential Event of Default in respect of Party
            B or any
            Affiliate, but only to the extent such right is provided to Party A under
            the
            Agreement. The Guarantor acknowledges that Party A and Party B may from
            time to
            time enter into one or more Transactions pursuant to the Agreement and
            agrees
            that the obligations of the Guarantor under this Guarantee will upon
            the
            execution of any such Transaction by Party A and Party B extend to all
            such
            Transactions without the taking of further action by the Guarantor.

           

          (d) This
            Guarantee shall remain in full force and effect until such time as Party
            B shall
            receive written notice of termination. Termination of this Guarantee
            shall not
            affect Guarantor’s liability hereunder as to obligations incurred or arising out
            of Transactions entered into prior to the termination hereof.

           

          (e) Guarantor
            further agrees that this Guarantee shall continue to be effective or
            be
            reinstated, as the case may be, if at any time, payment, or any part
            thereof, of
            any obligation or interest thereon is rescinded or must otherwise be
            restored by
            Party B upon an Event of Default as set forth in Section
            5(a)(vii)
            of the
            Master Agreement affecting Party A or Guarantor.

           

          (f) Guarantor
            hereby waives (i) promptness, diligence, presentment, demand of payment,
            protest, order and, except as set forth in paragraph (a) hereof, notice
            of any
            kind in connection with the Agreement and this Guarantee, or (ii) any
            requirement that Party B exhaust any right to take any action against
            Party A or
            any other person prior to or contemporaneously with proceeding to exercise
            any
            right against Guarantor under this Guarantee.

           

          This
            Guarantee shall be governed by and construed in accordance with the laws
            of the
            State of New York, without reference to choice of law doctrine. All capitalized
            terms not defined in this Guarantee, but defined in the Agreement, shall
            have
            the meanings assigned thereto in the Agreement.

           

          IN
            WITNESS WHEREOF, Guarantor has caused this Guarantee to be executed in
            its
            corporate name by its duly authorized officer as of the date of the
            Agreement.

           

          

            
              	 	
                      LEHMAN
                        BROTHERS HOLDINGS INC.

                    
	 	 	 
	 	
                      By:

                    	 
	 	
                      Name:

                    	 
	 	
                      Title:

                    	 
	 	
                      Date: 

                    	 

            

            

              
                
                  
                  

                

                
                  
                  

                  
                    

                  

                

                
                  
                  

                

              

          

          EXHIBIT
            B to Schedule

           

          [Form
            of
            Opinion of Counsel for Party B]

           

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

           

          EXHIBIT
            C
            to Schedule

          

          [Form
            of
            Opinion of Counsel for

          Lehman
            Brothers Special Financing Inc. and

          Lehman
            Brothers Holdings Inc.]

          June
            29,
            2006

          Deutsche
            Bank National Trust Company

          1761
            East
            Saint Andrew Place

          Santa
            Ana, CA 92705

          

          Attention:
            First
            Franklin 2006-FF8 Cap reference: GC06Z

           

          Ladies
            and Gentlemen:

           

          I
            have
            acted as counsel to Lehman Brothers Special Financing Inc., a Delaware
            corporation (“Party A”)
            and
            Lehman Brothers Holdings Inc., a Delaware corporation (“Guarantor”), and am
            familiar with matters pertaining to the execution and delivery of the
            Master
            Agreements (each the “Master Agreements”), each dated as of June 29, 2006
            between Party A and 

           

          (i) DEUTSCHE
            BANK NATIONAL TRUST COMPANY,
            NOT IN
            ITS INDIVIDUAL CAPACITY, BUT SOLELY AS CAP
            TRUSTEE WITH
            RESPECT TO THE CAP TRUST
            RELATING
            TO THE
            FIRST FRANKLIN MORTGAGE LOAN TRUST 2006-FF8, ASSET BACKED CERTIFICATES,
            SERIES
            2006-FF8; 

           

          (ii)
            DEUTSCHE BANK NATIONAL TRUST COMPANY,
            NOT IN
            ITS INDIVIDUAL CAPACITY, BUT SOLELY AS SUPPLEMENTAL
            INTEREST TRUST TRUSTEE WITH RESPECT TO THE SUPPLEMENTAL INTEREST
            TRUST
            RELATING
            TO THE
            FIRST FRANKLIN MORTGAGE LOAN TRUST 2006-FF8, ASSET BACKED CERTIFICATES,
            SERIES
            2006-FF8; and

           

          (iii)
            DEUTSCHE BANK NATIONAL TRUST COMPANY,
            NOT IN
            ITS INDIVIDUAL CAPACITY, BUT SOLELY AS TRUSTEE
            WITH
            RESPECT TO THE FIRST
            FRANKLIN MORTGAGE LOAN TRUST 2006-FF8, ASSET BACKED CERTIFICATES, SERIES
            2006-FF8

           

          and
            the
            guarantees of Guarantor (the “Guarantees”)
            delivered in connection with each of the Master Agreements.

           

          In
            connection with this opinion, I have examined, or have had examined on
            my
            behalf, an executed copy of the Master Agreements and the Guarantees,
            certificates and statements of public officials and officers of Party
             A
            and
            Guarantor and such other agreements, instruments, documents and records
            as I
            have deemed necessary or appropriate for the purposes of this
            opinion.

           

          Except
            as expressly set forth herein, no independent investigation (including,
            without
            limitation, conducting any review, search or investigation of any public
            files,
            records or dockets) has been undertaken to determine the existence or
            absence of
            the facts that are material to my opinions, and no inference as to my
            knowledge
            concerning such facts should be made.

           

          When
            used
            herein the phrase “to my knowledge” means to my actual knowledge without
            independent investigation.

           

          References
            in this letter to “Applicable Laws” are to those laws, rules and regulations of
            the State of New York which, in my experience, are normally applicable
            to
            transactions of the type contemplated by the Master Agreement and the
            Guarantee.
            References in this letter to “Governmental Authorities” are to executive,
            legislative, judicial, administrative or regulatory bodies of the State
            of New
            York. References in this letter to “Governmental Approval” are to any consent,
            approval, license, authorization or validation of, or filing, recording
            or
            registration with, any Governmental Authority pursuant to Applicable
            Laws.

           

          Based
            on
            the foregoing but subject to the assumptions, exceptions, qualifications
            and
            limitations hereinafter expressed, I am of the opinion that:

           

          
            	 	
                    1.

                  	
                    Each
                      of Party A
                      and Guarantor is a corporation duly incorporated, validly existing
                      and in
                      good standing under the laws of the State of
                      Delaware.

                  

          

           

          
            	 	
                    2.

                  	
                    The
                      execution, delivery and performance of each of the Master Agreements
                      in
                      the case of Party  A,
                      and the Guarantees, in the case of Guarantor, are within its
                      corporate
                      power, have been duly authorized by all corporate action and
                      do not
                      conflict with any provision of its certificate of incorporation
                      or
                      by-laws.

                  

          

           

          
            	 	
                    3.

                  	
                    The
                      Master Agreements, in the case of Party A,
                      and the Guarantees, in the case of Guarantor, have been duly
                      executed and
                      delivered and each
                      constitutes
                      a legal, valid and binding obligation, enforceable against
                      it in
                      accordance with its
                      respective terms.

                  

          

           

          
            	 	
                    4.

                  	
                    To
                      the best of my knowledge,
                      no Governmental Approval
                      is
                      required in connection with the execution, delivery and performance
                      of the
                      Master Agreements in the case of Party A,
                      or the Guarantees, in the case of Guarantor,
                      except those that have been obtained and, to my knowledge,
                      are in
                      effect.

                  

          

           

          The
            foregoing opinions are subject to the following assumptions, exceptions,
            qualifications and limitations:

           

          A. 
            My
            opinion in paragraph 3 above is subject to:
            (i) bankruptcy,
            insolvency, reorganization, receivership, moratorium or similar laws
            affecting
creditors’
            rights
            generally (including, without limitation, the effect of statutory or
            other laws
            regarding fraudulent or other similar transfers or
            conveyances); (ii) general
            principles of equity, regardless of whether enforceability is considered
            in a
            proceeding in equity or at law;
            (iii) laws and considerations of public policy that may limit the
            enforceability of provisions (a) regarding indemnification and contribution
            rights and obligations, (b) regarding the waiver or limitation of rights to
            trial by jury, oral amendments to written agreements or rights of setoff,
            (c) relating to submission to jurisdiction, venue or service of process,
            and (d) purporting to prohibit or restrict, or require the consent of the
“account debtor” (as defined in Section 9-102 of the Uniform Commercial Code as
            in effect in the State of New York (the “NYUCC” )) for, the creation, perfection
            or enforcement of a security interest in “accounts” or “general intangibles” (in
            each case, as defined in Section 9-102 of the NYUCC).

           

          B. I
            am a
            member of the Bar of the State of New York and render no opinion on the
            laws of
            any jurisdiction other than the laws of the State of New York and the
            General
            Corporation Law of the State of Delaware.
            Except as described, I have not examined, or had examined on my behalf,
            and I do
            not express any opinion with respect to, Delaware law.

           

          C. My
            opinions are limited to the present laws and to the facts as they presently
            exist, and no opinion is to be inferred or implied beyond the matters
            expressly
            so stated. I assume no obligation to revise or supplement this opinion
            should
            the present laws of the jurisdictions referred to in paragraph B above
            be
            changed by legislative action, judicial decision or otherwise.

           

          D. This
            letter is rendered solely to you solely
            for your benefit in
            connection with the Master Agreement and the Guarantee and the transactions
            related thereto and may not be relied upon by any other person, entity
            or agency
            or by you in any other context or for any other purpose. This letter
            may not be
circulated,
            used or quoted
            in
            whole or in part, nor may copies thereof be furnished or delivered to
            any other
            person, without the prior written consent of Lehman Brothers Holdings
            Inc.,
            except that you may furnish copies hereof (i)  to
            your
            independent auditors and attorneys, (ii)  to
            any
            United States, state or local authority having jurisdiction over you
            or over
            Party  A
            or
            Guarantor, (iii)  pursuant
            to the order of any legal process of any court of competent jurisdiction
            or any
            governmental agency, and (iv)  in
            connection with any legal action arising out of the Master Agreement
            or the
            Guarantee.

           

          E. I
            have
            assumed with your permission (i)  the
            genuineness of all signatures by each party other than Party  A
            or
            Guarantor, (ii)  the
            authenticity of documents submitted to me as originals and the conformity
            to
            authentic original documents of all documents submitted to me as copies,
            (iii) the
            accuracy of the matters set forth in the documents, agreements and instruments
            I
            reviewed, (iv) that each party other than Party A and Guarantor is duly
            organized, validly existing and in good standing under the laws of its
            jurisdiction of organization, (v)
            the due
            execution and delivery, pursuant to due authorization, of the Master
            Agreement
            by each party other than Party A,
            and (vi) that the Master Agreement is the legal, valid, binding and
            enforceable obligation of each party other than Party A, enforceable
            against each such party in accordance with its terms.

           

          F. My
            opinion in paragraph 3 is subject to the qualification that certain
            provisions contained in the Agreement and the Guarantee may not be enforceable,
            but such unenforceability will not render the Agreement or the Guarantee
            invalid
            as a whole or substantially interfere with the practical realization
            of the
            principal benefits provided thereby.

           

          The
            foregoing opinions are given on the express understanding that the undersigned
            is an officer of Lehman Brothers Inc. and shall in no event incur any
            personal
            liability in connection with said opinions.

           

          Very
            truly yours,

           

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

           

          ISDAÒ

          International
            Swaps and Derivatives Association, Inc.

          

          CREDIT
            SUPPORT ANNEX

          

          to
            the
            Schedule to the 

          Master
            Agreement

          dated
            as
            of June
            29,
            2006

          between

          

          
            	
                    LEHMAN
                      BROTHERS 

                    SPECIAL
                      FINANCING INC.

                  	 	
                    DEUTSCHE
                      BANK NATIONAL TRUST COMPANY, NOT
                      IN ITS INDIVIDUAL CAPACITY, BUT SOLELY AS
                      SUPPLEMENTAL INTEREST TRUST TRUSTEE WITH
                      RESPECT TO
                      THE SUPPLEMENTAL INTEREST TRUST RELATING
                      TO
                      THE FIRST FRANKLIN MORTGAGE LOAN TRUST 2006-FF8, ASSET BACKED
                      CERTIFICATES, SERIES 2006-FF8

                  
	
                    Party
                      A

                  	 	
                    Party
                      B

                  

          

          

          This
            Annex supplements, forms part of, and is subject to, the above-referenced
            Agreement, is part of its Schedule and is a Credit Support Document under
            this
            Agreement with respect to each party.

          

          Accordingly,
            the parties agree as follows:

          

          Paragraph
            1. Interpretation

          

          (a) Definitions
            and Inconsistency. Capitalized
            terms not otherwise defined herein or elsewhere in this Agreement have
            the
            meanings specified pursuant to Paragraph 12, and all references in this
            Annex to
            Paragraphs are to Paragraphs of this Annex. In the event of any inconsistency
            between this Annex and the other provisions of this Schedule, this Annex
            will
            prevail and in the event of any inconsistency between Paragraph 13 and
            the other
            provisions of this Annex, Paragraph 13 will prevail.

          

          (b) Secured
            Party and Pledgor.
            All
            references in this Annex to the “Secured Party” will be to either party when
            acting in that capacity and all corresponding references to the “Pledgor” will
            be to the other party when acting in that capacity; provided,
            however,
            that if
            Other Posted Support is held by a party to this Annex, all references
            herein to
            that party as the Secured Party with respect to that Other Posted Support
            will
            be to that party as the beneficiary thereof and will not subject that
            support or
            that party as the beneficiary thereof to provisions of law generally
            relating to
            security interests and secured parties.

          

          Paragraph
            2. Security Interest

          

          Each
            party, as the Pledgor, hereby pledges to the other party, as the Secured
            Party,
            as security for its Obligations, and grants to the Secured Party a first
            priority continuing security interest in, lien on and right of Set-off
            against
            all Posted Collateral Transferred to or received by the Secured Party
            hereunder.
            Upon the Transfer by the Secured Party to the Pledgor of Posted Collateral,
            the
            security interest and lien granted hereunder on that Posted Collateral
            will be
            released immediately and, to the extent possible, without further action
            by
            either party.

          

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

           

          CREDIT
            SUPPORT ANNEX

          Elections
            and Variables

          dated
            as
            of June
            29,
            2006 between
            

          LEHMAN
            BROTHERS SPECIAL FINANCING INC.

          (hereinafter
            referred to as “Party
            A”
            or
“Pledgor”)

          and
            

          DEUTSCHE
            BANK NATIONAL TRUST COMPANY, NOT
            IN
            ITS INDIVIDUAL CAPACITY, BUT SOLELY AS
            SUPPLEMENTAL INTEREST TRUST TRUSTEE WITH
            RESPECT TO
            THE SUPPLEMENTAL INTEREST TRUST RELATING
            TO
            THE FIRST FRANKLIN MORTGAGE LOAN TRUST 2006-FF8, ASSET BACKED CERTIFICATES,
            SERIES 2006-FF8
            (hereinafter referred to as “Party
            B”
            or
“Secured
            Party”)

           

          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) 

                  

          

           

          
            	 	
                    (B)

                  	
                    “Return
                      Amount”
                      has the meaning specified in Paragraph
                      3(b).

                  

          

           

          
            	 	
                    (C)

                  	
                    "Credit
                      Support Amount"
                      means, for any Valuation Date, an amount equal to the sum of
                      (i) 100.0% of
                      the Secured Party's Exposure for the next Valuation Date and
                      (ii) the
                      product of the Volatility Buffer and the Notional Amount.
                      

                  

          

           

          
            	 	
                    (ii)

                  	
                    Eligible
                      Collateral.
                      At
                      such time as Party A is required to post collateral pursuant
                      to Part
                      1(h)(A) of the Schedule), the following items will qualify
                      as “Eligible
                      Collateral” (together
                      with such other collateral types (and related valuation percentages)
                      with
                      respect to which Rating Agency Confirmation is
                      provided):

                  

          

          
          

           

          
            	 	
                    Collateral
                      Type

                  	
                    Valuation

                    Percentage

                  
	 	 	 
	
                    (A)

                  	
                    cash.

                  	
                    100.0%

                  
	 	 	 
	
                    (B)

                  	
                    Negotiable
                      debt obligations issued by the U.S. Treasury Department having
                      a maturity
                      at issuance of not more than one year.

                  	
                    98.5%

                  
	 	 	 
	
                    (C)

                  	
                    Negotiable
                      debt obligations issued by the U.S. Treasury Department having
                      a maturity
                      at issuance of more than one year but not more than ten
                      years.

                  	
                    89.9%

                  
	 	 	 
	
                    (D)

                  	
                    Negotiable
                      debt obligations issued by the U.S. Treasury Department having
                      a maturity
                      at issuance of more than ten years.

                  	
                    83.9%

                  
	 	 	 
	
                    (E)

                  	
                    demand
                      and time deposits in, certificates of deposit of, bankers’
                      acceptances payable within 183 days of issuance issued by,
                      or federal
                      funds sold by any U.S. federal or state depository institution
                      or trust
                      company, the commercial paper and/or debt obligations of which
                      (or, in the
                      case of the principal depository institution in a holding company
                      system,
                      the commercial paper or debt obligations of such holding company)
                      at the
                      time of such investment or contractual commitment providing
                      for such
                      investment have a long-term credit rating of “Aaa”
                      by
                      Moody’s
                      and “AAA”
                      by
                      Standard & Poor’s,
                      in the case of long-term debt obligations, or “Prime-1”
                      by
                      Moody’s
                      and “A-1+”
                      by
                      Standard & Poor’s,
                      in the case of commercial paper and short-term obligations;
                      provided, that
                      in the case of commercial paper and short-term debt obligations
                      with a
                      maturity of longer than 91 days, the issuer thereof must also
                      have at the
                      time of such investment a long-term credit rating of “Aaa”
                      by
                      Moody’s
                      and “AAA”
                      by
                      Standard & Poor’s.

                  	
                    98.0%

                  

          

           

          
            	 	
                    (iii)

                  	
                    Other
                      Eligible Support.
                      The following items will qualify as “Other
                      Eligible Support”
                      for the party specified: Not
                      applicable.

                  

          

           

          
            	 	
                    (iv)

                  	
                    Thresholds.

                  

          

           

          
            	 	
                    (A)

                  	
                    “Independent
                      Amount”
                      shall not be applicable with respect to Party A or Party B
                      unless
                      otherwise specified in a
                      Confirmation.

                  

          

           

          
            	 	
                    (B)

                  	
                    “Threshold”
                      means, with respect to Party A, zero at any time that (1) Party
                      A (or to
                      the extent applicable, its Credit Support Provider) does not
                      have the
                      required ratings set forth in Part 1(h)(A) of the Schedule
                      from Standard
                      & Poor’s
                      and has failed to transfer its rights and obligations under
                      this Agreement
                      within 30 days of its downgrade or (2) Party A (or to the extent
                      applicable, its Credit Support Provider) does not have the
                      required
                      ratings from Moody’s;
                      otherwise the Threshold shall be
                      unlimited.

                  

          

           

          
            	 	
                    (C)

                  	
                    “Minimum
                      Transfer Amount” means,
                      with respect to a party, $100,000. 

                  

          

           

          
            	 	
                    (D)

                  	
                    “Rounding”.
                      The
                      Delivery Amount and the Return Amount will be rounded up and
                      down
                      respectively to the nearest integral multiple of
                      $1,000.

                  

          

           

          
            	
                    (c)

                  	
                    Valuation
                      and Timing.

                  

          

           

          
            	 	
                    (i)

                  	
                    “Valuation
                      Agent”
                      means 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 commonly accepted third party sources.

                  

          

           

          
            	 	
                    (ii)

                  	
                    “Valuation
                      Date”
                      means, for purposes of each time that Party A is required to
                      post
                      collateral pursuant to Part 1(h)(A) of the Schedule, each Wednesday
                      or, if
                      such day is not a Local Business Day, the next following Local
                      Business
                      Day.

                  

          

           

          
            	 	
                    (iii)

                  	
                    “Valuation
                      Time”
                      means the close of business in the location where the relevant
                      product is
                      traded, provided that the calculations of Value and Exposure
                      will made as
                      of approximately the same time on the same date.
                      

                  

          

           

          (iv) “Notification
            Time”
            means
            3:00 p.m., New York time, on a Local Business Day.   

           

          
            	 	
                    (v)

                  	
                    Notice
                      to S&P.
                      At
                      any time while Party A’s Credit Support Provider shall fail to have the
                      Approved Rating Thresholds from S&P, Party A shall provide to S&P
                      not later than the Notification Time on the Local Business
                      Day following
                      each Valuation Date the calculations of Exposure and the Value
                      of any
                      Eligible Credit Support or Posted Credit Support for that Valuation
                      Date.

                  

          

           

          
            	 	
                    (vi)

                  	
                    External
                      Verification.
                      Notwithstanding the definition of Valuation Agent and Valuation
                      Date, at
                      any time while the
                      long-term unsecured debt or counterparty rating of Party A’s Credit
                      Support Provider is not above “BBB”, the
                      calculations of Exposure and the Value of any Eligible Credit
                      Support or
                      Posted Credit Support must be verified by an external mark
                      quarterly. The
                      external mark must be obtained by an independent third party,
                      and cannot
                      be verified by the same entity more than four times in any
                      12-month
                      period. In addition, the external mark-to-market valuations
                      should reflect
                      the higher of two bids from counterparties that would be eligible
                      and
                      willing to provide the swap in the absence of the current provider.
                      The
                      Value of any Eligible Credit Support or Posted Credit Support
                      and Exposure
                      should be based on the greater of the calculations of the Valuation
                      Agent
                      and the external marks, and any deficiencies in Value and Exposure
                      must be
                      cured within three days.

                  

          

           

          
            	
                    (d)

                  	
                    Conditions
                      Precedent and Secured Party’s Rights and Remedies.
                      There will be no Specified Conditions for Party A and Party
                      B.

                  

          

           

          
            	
                    (e)

                  	
                    Substitution 

                  

          

           

          
            	 	
                    (i)

                  	
                    “Substitution
                      Date” has
                      the meaning specified in Paragraph
                      4(d)(ii).

                  

          

           

          
            	 	
                    (ii)

                  	
                    “Consent.”
                      The Pledgor need not obtain the Secured Party’s consent for any
                      substitution pursuant to Paragraph
                      4(d).

                  

          

           

          
            	
                    (f)

                  	
                    Dispute
                      Resolution 

                  

          

           

          
            	 	
                    (i)
                      

                  	
                    “Resolution
                      Time” means
                      1:00 p.m. on the Local Business Day following the date on which
                      notice is
                      given that gives rise to a default.

                  

          

           

          
            	 	
                    (ii)

                  	
                    Value.
                      For the purpose of Paragraph 5(i)c) and 5(ii), the Value of
                      Posted Credit
                      Support other than Cash will be calculated as follows:
                      

                  

          

           

          
            	 	 	
                    With
                      respect to any Eligible Collateral in the form of securities
                      listed in
                      Paragraph 13(b)(ii) (referred to herein as “Collateral Obligations”) the
                      sum of (I)(x) the bid price quoted on such date by a mutually
                      acceptable
                      principal market maker for such Collateral Obligations, or
                      (y) if no such
                      quotation is available from a principal market maker for such
                      date, such
                      bid price as of the day, next preceding such date, on which
                      such quotation
                      was available, in either case multiplied by the applicable
                      Valuation
                      Percentage, plus (II) the accrued interest on such Collateral
                      Obligations
                      (except to the extent Transferred to a party pursuant to any
                      applicable
                      section of this Agreement or included in the applicable price
                      referred to
                      in (I) of this Clause) as of such date.

                  

          

           

          
            	 	
                    (ii)

                  	
                    “Alternative.” 
                      Paragraph 5 will apply.

                  

          

           

          
            	
                    (g)

                  	
                    Holding
                      and Using Posted Collateral.

                  

          

           

          
            	 	
                    (i)

                  	
                    “Eligibility
                      to Hold Posted Collateral; Custodians.”

                  

          

           

          Party
            B
            and or its Custodian will be entitled to hold Posted Collateral pursuant
            to
            Paragraph 6(b), provided
            that the
            following conditions applicable to it are satisfied:

           

          
            	 	
                    (1)

                  	
                    The
                      Custodian is a bank or trust company located in the United
                      States having
                      total assets of at least $250,000,000 and a short term unsecured
                      debt or
                      counterparty rating of “Prime-1”
                      from Moody’s
                      and “A-1”
                      from Standard & Poor’s.

                  

          

           

          Initially,
            the Custodian
            for
            Party B is: The Bank of New York.

           

          
            	 	
                    (ii)

                  	
                    “Use
                      of Posted Collateral”
                      The provisions of Paragraph 6(c) will not apply with respect
                      to the
                      collateral posted by Party A.

                  

          

           

          
            	
                    (h)

                  	
                    Distributions
                      and Interest Amount.

                  

          

           

          
            	 	
                    (i)

                  	
                    “Interest
                      Rate.” The
                      Interest Rate shall be the actual interest rate achieved on
                      Posted
                      Collateral in the form of Cash that is held by Party B’s Custodian. .
                      Party B’s Custodian shall hold Posted Collateral in the form of Cash
                      in
                      such deposit or investment account as specified by Party A
                      to Party B and
                      reasonably acceptable to Party B’s Custodian.

                  

          

           

          
            	 	
                    (ii)

                  	
                    “Transfer
                      of Interest Amount.”
                      The Transfer of the Interest Amount will be made on the first
                      Local
                      Business Day of each calendar month and on any Local Business
                      Day that
                      Posted Collateral in the form of Cash is Transferred to the
                      Pledgor
                      pursuant to Paragraph 3(b).

                  

          

           

          
            	 	
                    (iii)

                  	
                    “Alternative
                      to Interest Amount.”
                      Not applicable.

                  

          

           

          
            	
                    (i)

                  	
                    Additional
                      Representation(s).
                      Not applicable.

                  

          

           

          
            	
                    (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 made by a party to
                      this Annex will
                      be made pursuant to the Notices Section of this
                      Agreement.

                  

          

           

          
            	
                    (l)

                  	
                    Addresses
                      for Transfers.
                      As
                      agreed upon between the parties from time to time.
                      

                  

          

          
            	
                    (m)

                  	
                    Other
                      Provisions.

                  

          

          

          
            	 	
                    (i)

                  	
                     “Volatility
                      Buffer”
                      shall mean the percentage set forth in the following table
                      with respect to
                      any Transaction (other than a Transaction identified in the
                      related
                      Confirmation as a Timing Hedge): 

                  

          

           

          
            
              	
                      The
                        higher of the short-term credit rating of (i) Party A and
                        (ii) the Credit
                        Support Provider of Party A

                    	
                      Remaining
                        Weighted Average Life Maturity up to 3 years

                    	
                      Remaining
                        Weighted Average Life Maturity up to 5 years

                    	
                      Remaining
                        Weighted Average Life Maturity up
                        to 10 years

                    	
                      Remaining
                        Weighted Average Life 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

                    	
                      5.75

                    	
                      7.50

                    

            

             

          

          
            	
                    (ii)

                  	
                    Agreement
                      as to Single Secured Party and Pledgor.
                      Party A and Party B agree that, notwithstanding anything to
                      the contrary
                      in the recital of this Annex, Paragraph 1(b) or Paragraph 2
                      of the
                      definitions in Paragraph 12, (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 acknowledgment in the final sentence
                      of
                      Paragraph 8(a) and the representations in Paragraph 9 and (d)
                      only Party A
                      will be required to post Eligible Credit Support hereunder.
                      Party A also
                      agrees that it shall pay all costs of transferring Eligible
                      Credit Support
                      required to be delivered by Party A hereunder. 

                  

          

           

          The
            parties executing this Credit Support Annex have executed the Master
            Agreement
            and have agreed as to the contents of this Credit Support Annex.

          

          
            	
                    LEHMAN
                      BROTHERS SPECIAL FINANCING INC.

                  	 	
                    DEUTSCHE
                      BANK NATIONAL TRUST COMPANY, NOT
                      IN ITS INDIVIDUAL CAPACITY, BUT SOLELY AS
                      SUPPLEMENTAL INTEREST TRUST TRUSTEE WITH
                      RESPECT TO
                      THE SUPPLEMENTAL INTEREST TRUST RELATING
                      TO
                      THE FIRST FRANKLIN MORTGAGE LOAN TRUST 2006-FF8, ASSET BACKED
                      CERTIFICATES, SERIES 2006-FF8

                  
	
                    Party
                      A

                  	 	
                    Party
                      B

                  
	
                     

                  	 	
                     

                  
	
                    Name:

                  	 	
                    Name:

                  
	
                    Title:

                  	 	
                    Title:

                  
	
                    Date:

                  	 	
                    Date:

                  

          

           

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

         

        EXHIBIT
          R

        

        FORM
          OF
          INTEREST RATE CAP AGREEMENT

        
           

          

           

          Revised
            Transaction

           

           

          
            	
                    Date:

                  	
                    21
                      June, 2006

                  
	 	 
	
                    To:

                  	
                    Deutsche
                      Bank National Trust Company, not in its individual capacity,
                      but solely as
                      Cap Trustee with respect to the Cap Trust relating to the First
                      Franklin
                      Mortgage Loan Trust 2006-FF8, Asset Backed Certificates, Series
                      2006-FF8

                  
	
                    Attention:

                  	
                    Swap
                      Administration

                  
	 	 
	
                    From:

                  	
                    Lehman
                      Brothers Special Financing Inc.

                  
	 	
                    Kathy
                      Tsang

                  
	 	
                    Transaction
                      Management Group

                  
	
                    Facsimile:

                  	
                    646-885-9551
                      (United States of America)

                  
	
                    Telephone:

                  	
                    212-526-

                  
	 	 
	
                    Risk
                      ID: 1240915L / Effort ID: 978004 / Global Deal ID:
                      2562357/2562732

                  
	 	 
	
                    SUBJECT:

                  	
                     CAP
                      TRANSACTION 

                  

          

          

          Dear
            Sir
            or Madam:

           

          The
            purpose of this communication is to set forth the terms and conditions
            of the
            interest rate transaction that has been entered into on the Trade Date
            referred
            to below (the “Transaction”), between Lehman Brothers Special Financing Inc.
            (“Party A”) and
            Deutsche
            Bank National Trust Company, not in its individual capacity, but solely
            as Cap
            Trustee with respect to the Cap Trust relating to the First Franklin
            Mortgage
            Loan Trust 2006-FF8, Asset Backed Certificates, Series
            2006-FF8
            (“Party B”).
            This
            communication constitutes
            a “Confirmation” as referred to in the Master Agreement specified below.
This
            Confirmation supersedes and replaces in its entirety any other confirmation
            referencing the Transaction to which this Confirmation
            relates.

          

          This
            Confirmation supplements, forms part of, and is subject to, the ISDA
            Master
            Agreement dated as of 29 June, 2006, as amended and supplemented from
            time to
            time, between Party A and Party B (the “Agreement”). All provisions contained in
            the Agreement shall govern this Confirmation except as expressly modified
            below.

           

          The
            definitions and provisions contained in the 2000 ISDA Definitions as
            published
            by the International Swaps and Derivatives Association, Inc. (the “Definitions”)
            are incorporated into this Confirmation. In the event of any inconsistency
            between the Definitions and the terms of this Confirmation, this Confirmation
            will govern. For the purpose of the Definitions, references herein to
            a
“Transaction” shall be deemed to be references to a “Swap
            Transaction”.

           

          Party
            A
            and Party B each represents that entering into the Transaction is within
            its
            capacity, is duly authorized and does not violate any laws of its jurisdiction
            of organization or residence or the terms of any agreement to which it
            is a
            party. Party A and Party B each represents that (a) it is not relying
            on the
            other party in connection with its decision to enter into this Transaction,
            and
            neither party is acting as an advisor to or fiduciary of the other party
            in
            connection with this Transaction regardless of whether the other party
            provides
            it with market information or its views; (b) it understands the risks
            of the
            Transaction and any legal, regulatory, tax, accounting and economic consequences
            resulting therefrom; and (c) it has determined based upon its own judgment
            and
            upon any advice received from its own professional advisors as it has
            deemed
            necessary to consult that entering into the Transaction is appropriate
            for such
            party in light of its financial capabilities and objectives. Party A
            and Party B
            each represents that upon due execution and delivery of this Confirmation,
            it
            will constitute a legally valid and binding obligation, enforceable against
            it
            in accordance with its terms, subject to applicable principles of bankruptcy
            and
            creditors’ rights generally and to equitable principles of general
            application.

           

          The
            terms
            of the particular Transaction to which this Confirmation relates are
            as
            follows:

           

          
            	
                    General
                      Terms:

                  	 
	 	 
	
                    Trade
                      Date:

                  	
                    20
                      June, 2006

                  
	 	 
	
                    Effective
                      Date:

                  	
                    29
                      June, 2006

                  
	 	 
	
                    Termination
                      Date:

                  	
                    25
                      February, 2011 subject to adjustment in accordance with the
                      Modified
                      Following Business Day Convention, 

                  
	 	 
	
                    Notional
                      Amount:

                  	
                    With
                      respect to each Calculation Period, the lesser of (A) and (B),
                      where:

                     

                    “(A)”
                      means the Notional Calculation Amount as set forth in Schedule
                      A
                      multiplied
                      by
                      250 and 

                     

                    “(B)”
                      means the aggregate principal balance of the Reference Assets
minus
                      the Calculation Amount as set forth in Schedule B.

                  
	 	 
	
                    Reference
                      Assets: 

                  	
                    FFML2006-FF8
                      Class IA1 (Cusip: 320278AR5, Class IIA1 (Cusip: 320278AA2),
                      Class IIA2
                      (Cusip: 320278AB0), Class IIA3 (Cusip: 320278AC8), Class IIA4
                      (Cusip:
                      320278AD6), Class M1 (Cusip: 320278AE4), Class M2 (Cusip: 320278AF1),
                      Class M3 (Cusip: 320278AG9), Class M4 (Cusip: 320278AH7), Class
                      M5 (Cusip:
                      320278AJ3), Class M6 (Cusip: 320278AK0), Class M7 (Cusip: 320278AL8),
                      Class M8 (Cusip: 320278AM6), Class M9 (Cusip: 320278AN4), Class
                      M10
                      (Cusip: 320278AP9), Class M11 (Cusip: 320278AQ7), Class M12
                      (Cusip:
                      320278AS3).

                  

          

           

          
            	
                    Principal
                      Balance:

                  	
                    As
                      reported on Bloomberg Financial Services, Inc. (“Bloomberg”) by entering
                      the “Cusip “ <Mtge> PDI4, <Go>.

                  

          

           

          
            	
                    Floating
                      Amounts:

                  	 
	 	 
	
                    Floating
                      Rate Payer:

                  	
                    Party
                      A

                  
	 	 
	
                    Floating
                      Rate:

                  	
                    The
                      greater of (A) and (B):

                     

                    (A) means
                      0.00%, and 

                     

                    (B)
                      means the lesser of (i) USD-LIBOR-BBA with a Designated Maturity
                      of one
                      month minus
                      5.39% and (ii) 3.61%

                  
	 	 
	
                    Floating
                      Amount Payer 

                    Payment
                      Dates:

                  	
                    The
                      twenty-fifth (25th) calendar day of each month, commencing
                      July 25, 2006,
                      subject to adjustment in accordance with the Modified Following
                      Business
                      Day Convention.

                  
	 	 
	
                    Spread:

                  	
                    Inapplicable

                  
	 	 
	
                    Floating
                      Rate Day Count Fraction:

                  	
                    Actual/360

                  
	 	 
	
                    Reset
                      Dates:

                  	
                    The
                      first day of each Calculation Period

                  
	 	 
	
                    Business
                      Days:

                  	
                    New
                      York

                  
	 	 
	
                    Fixed
                      Amounts:

                  	 
	 	 
	
                    Fixed
                      Amount Payer:

                  	
                    Party
                      B; provided, however, that
                      in exchange for due consideration, the receipt and sufficiency
                      of
                      which are
                      hereby acknowledged,
                      Greenwich
                      Capital Markets Inc. will be making the Fixed Amount payment
                      to Party A on
                      behalf of Party B.

                  

          

           

          Additional
            Provision:

          

          (w)
            Compliance with Regulation AB.

          

          (1)
            It
            shall be a swap disclosure event (“Swap Disclosure Event”) if, at any time after
            the date hereof, the Depositor or 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. 

          

          (2)
            (a)Upon the occurrence of a Swap Disclosure Event, 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: 

          

          (i)
            provide to the Sponsor and the Depositor: (i) if the Aggregate Significance
            Percentage is 10% or more, but less than 20%, the information required
            under
            Item 1115(b)(1) 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 

          

          (ii)
            assign its rights and delegate its obligations under the Transaction
            to a
            counterparty with the Approved Ratings Thresholds (or 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. 

          

          (b)
            For
            so long as the Aggregate Significance Percentage is 10% or more, Party
            A shall
            provide any updates to the information provided pursuant to clause (a)(ii)
            above
            to the Sponsor and the Depositor within five (5) Business Days following
            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 even more than 90
            days after the end of each of Party A’s fiscal year for any annual update).

          

          (c)
            All
            information provided pursuant to clauses (a)(i) and (b) 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).
            In addition, any such information, if audited, shall be accompanied by
            any
            necessary auditor’s consents. 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.   

           

          (3)
            If
            (a) Party A has failed to deliver any information, report, certification
            or
            accountants’ consent when and as required under (w)(2) above, which continues
            unremedied for the lesser of ten calendar days after the date on which
            such
            information, report, certification or accountants’ consent was required to be
            delivered or such period in which the applicable Exchange Act Report
            for which
            such information is required can be timely filed and (b) Party A has
            not, at its
            own cost, within the period in which the applicable Exchange Act Report
            for
            which such information is required can be timely filed caused another
            entity to
            replace Party A as party to this Agreement that (i) has signed an agreement
            with
            Party B and the related Depositor substantially in the form of this Agreement,
            (ii) has agreed to deliver any information, report, certification or
            accountants’ consent when and as required under this clause (w)(2) above and
            (iii) is approved by the related Depositor (which approval shall not
            be
            unreasonably withheld) and any rating agency, if applicable, on terms
            substantially similar to the Derivative Agreement, then Party A shall
            promptly
            reimburse the Issuing Entity, the present and former respective officers,
            directors, employees and agents of the Issuing Entity and any such controlling
            person for any legal or other expenses reasonably incurred by it or any
            of them
            in connection with investigating or defending any such losses, claims,
            liabilities, damages, penalties, fines, forfeitures, legal fees or expenses
            or
            related costs, judgments, or any other costs, fees or expenses, as and
            when
            incurred; provided that the foregoing indemnity by Party A shall not
            apply to
            the lost profits of the Issuing Entity or any such related party.

           

          
            	
                    Miscellaneous:

                  	 
	 	 
	
                    Calculation
                      Agent:

                  	
                    Party
                      A

                  

          

           

          Please
            confirm your agreement with the foregoing by executing this Confirmation
            and
            returning such Confirmation, in its entirety, to us at facsimile number
            (+1)
            646-885-9551 (United States of America), Attention: Confirmations
            Group.

           

          
            	
                    Yours
                      sincerely,

                  	
                    Accepted
                      and agreed to:

                  
	 	 
	
                    Lehman
                      Brothers Special Financing Inc.

                  	
                    Deutsche
                      Bank National Trust Company, not in its individual capacity,
                      but solely as
                      Cap Trustee with respect to the Cap Trust relating to the First
                      Franklin
                      Mortgage Loan Trust 2006-FF8, Asset Backed Certificates, Series
                      2006-FF8

                  
	 	
                     

                    By:
                      ________________________

                    Name:

                    Title:

                  
	 	 

          

           

          Schedule
            A

           

          
            	
                    *Calculation
                      Period from and including

                  	
                    *Calculation
                      Period up to but excluding

                  	
                    Notional
                      Calculation Amount (in
                      USD)

                  

          

          
            	
                    6/29/2006

                  	
                    7/25/2006

                  	
                    0.0000

                  
	
                    7/25/2006

                  	
                    8/25/2006

                  	
                    0.0000

                  
	
                    8/25/2006

                  	
                    9/25/2006

                  	
                    0.0000

                  
	
                    9/25/2006

                  	
                    10/25/2006

                  	
                    0.0000

                  
	
                    10/25/2006

                  	
                    11/25/2006

                  	
                    0.0000

                  
	
                    11/25/2006

                  	
                    12/25/2006

                  	
                    0.0000

                  
	
                    12/25/2006

                  	
                    1/25/2007

                  	
                    0.0000

                  
	
                    1/25/2007

                  	
                    2/25/2007

                  	
                    0.0000

                  
	
                    2/25/2007

                  	
                    3/25/2007

                  	
                    0.0000

                  
	
                    3/25/2007

                  	
                    4/25/2007

                  	
                    0.0000

                  
	
                    4/25/2007

                  	
                    5/25/2007

                  	
                    0.0000

                  
	
                    5/25/2007

                  	
                    6/25/2007

                  	
                    155,893.1286

                  
	
                    6/25/2007

                  	
                    7/25/2007

                  	
                    174,426.3408

                  
	
                    7/25/2007

                  	
                    8/25/2007

                  	
                    191,114.3956

                  
	
                    8/25/2007

                  	
                    9/25/2007

                  	
                    206,081.7152

                  
	
                    9/25/2007

                  	
                    10/25/2007

                  	
                    219,445.3775

                  
	
                    10/25/2007

                  	
                    11/25/2007

                  	
                    231,315.7695

                  
	
                    11/25/2007

                  	
                    12/25/2007

                  	
                    241,807.3742

                  
	
                    12/25/2007

                  	
                    1/25/2008

                  	
                    251,002.5212

                  
	
                    1/25/2008

                  	
                    2/25/2008

                  	
                    259,156.9816

                  
	
                    2/25/2008

                  	
                    3/25/2008

                  	
                    266,754.9966

                  
	
                    3/25/2008

                  	
                    4/25/2008

                  	
                    272,800.4462

                  
	
                    4/25/2008

                  	
                    5/25/2008

                  	
                    320,349.4859

                  
	
                    5/25/2008

                  	
                    6/25/2008

                  	
                    1,097,426.1352

                  
	
                    6/25/2008

                  	
                    7/25/2008

                  	
                    997,306.0289

                  
	
                    7/25/2008

                  	
                    8/25/2008

                  	
                    905,665.0334

                  
	
                    8/25/2008

                  	
                    9/25/2008

                  	
                    823,981.1618

                  
	
                    9/25/2008

                  	
                    10/25/2008

                  	
                    789,426.0232

                  
	
                    10/25/2008

                  	
                    11/25/2008

                  	
                    756,339.1610

                  
	
                    11/25/2008

                  	
                    12/25/2008

                  	
                    724,658.8520

                  
	
                    12/25/2008

                  	
                    1/25/2009

                  	
                    694,327.4538

                  
	
                    1/25/2009

                  	
                    2/25/2009

                  	
                    665,285.9383

                  
	
                    2/25/2009

                  	
                    3/25/2009

                  	
                    637,479.7171

                  
	
                    3/25/2009

                  	
                    4/25/2009

                  	
                    610,856.4491

                  
	
                    4/25/2009

                  	
                    5/25/2009

                  	
                    591,690.0546

                  
	
                    5/25/2009

                  	
                    6/25/2009

                  	
                    627,077.6438

                  
	
                    6/25/2009

                  	
                    7/25/2009

                  	
                    599,728.0607

                  
	
                    7/25/2009

                  	
                    8/25/2009

                  	
                    573,613.1620

                  
	
                    8/25/2009

                  	
                    9/25/2009

                  	
                    548,676.0768

                  
	
                    9/25/2009

                  	
                    10/25/2009

                  	
                    524,862.5788

                  
	
                    10/25/2009

                  	
                    11/25/2009

                  	
                    502,120.9638

                  
	
                    11/25/2009

                  	
                    12/25/2009

                  	
                    480,401.9570

                  
	
                    12/25/2009

                  	
                    1/25/2010

                  	
                    459,659.1368

                  
	
                    1/25/2010

                  	
                    2/25/2010

                  	
                    581,581.7457

                  
	
                    2/25/2010

                  	
                    3/25/2010

                  	
                    557,512.7045

                  
	
                    3/25/2010

                  	
                    4/25/2010

                  	
                    534,479.3670

                  
	
                    4/25/2010

                  	
                    5/25/2010

                  	
                    512,435.8363

                  
	
                    5/25/2010

                  	
                    6/25/2010

                  	
                    491,338.2916

                  
	
                    6/25/2010

                  	
                    7/25/2010

                  	
                    471,144.8953

                  
	
                    7/25/2010

                  	
                    8/25/2010

                  	
                    451,815.6947

                  
	
                    8/25/2010

                  	
                    9/25/2010

                  	
                    433,312.5432

                  
	
                    9/25/2010

                  	
                    10/25/2010

                  	
                    415,599.0151

                  
	
                    10/25/2010

                  	
                    11/25/2010

                  	
                    398,640.3269

                  
	
                    11/25/2010

                  	
                    12/25/2010

                  	
                    382,403.2620

                  
	
                    12/25/2010

                  	
                    1/25/2011

                  	
                    366,855.9818

                  
	
                    1/25/2011

                  	
                    2/25/2011

                  	
                    351,968.3153

                  

          

           

          *subject
            to adjustment in accordance with
            the relevant Business Day Convention.

           

          Schedule
            B

           

          
            
              	
                      *Calculation
                        Period from and including

                    	
                      *Calculation
                        Period up to but excluding

                    	
                      Calculation
                        Amount (in USD)

                    
	
                      06/29/06
                        

                    	
                      07/25/06
                        

                    	
                      0.00
                        

                    
	
                      07/25/06
                        

                    	
                      08/25/06
                        

                    	
                      0.00
                        

                    
	
                      08/25/06
                        

                    	
                      09/25/06
                        

                    	
                      0.00
                        

                    
	
                      09/25/06
                        

                    	
                      10/25/06
                        

                    	
                      0.00
                        

                    
	
                      10/25/06
                        

                    	
                      11/25/06
                        

                    	
                      0.00
                        

                    
	
                      11/25/06
                        

                    	
                      12/25/06
                        

                    	
                      0.00
                        

                    
	
                      12/25/06
                        

                    	
                      01/25/07
                        

                    	
                      0.00
                        

                    
	
                      01/25/07
                        

                    	
                      02/25/07
                        

                    	
                      0.00
                        

                    
	
                      02/25/07
                        

                    	
                      03/25/07
                        

                    	
                      0.00
                        

                    
	
                      03/25/07
                        

                    	
                      04/25/07
                        

                    	
                      0.00
                        

                    
	
                      04/25/07
                        

                    	
                      05/25/07
                        

                    	
                      0.00
                        

                    
	
                      05/25/07
                        

                    	
                      06/25/07
                        

                    	
                      634,457,977.14
                        

                    
	
                      06/25/07
                        

                    	
                      07/25/07
                        

                    	
                      604,910,192.12
                        

                    
	
                      07/25/07
                        

                    	
                      08/25/07
                        

                    	
                      576,753,464.10
                        

                    
	
                      08/25/07
                        

                    	
                      09/25/07
                        

                    	
                      549,921,740.43
                        

                    
	
                      09/25/07
                        

                    	
                      10/25/07
                        

                    	
                      524,352,125.63
                        

                    
	
                      10/25/07
                        

                    	
                      11/25/07
                        

                    	
                      499,984,729.77
                        

                    
	
                      11/25/07
                        

                    	
                      12/25/07
                        

                    	
                      476,754,410.82
                        

                    
	
                      12/25/07
                        

                    	
                      01/25/08
                        

                    	
                      454,616,787.91
                        

                    
	
                      01/25/08
                        

                    	
                      02/25/08
                        

                    	
                      433,398,796.11
                        

                    
	
                      02/25/08
                        

                    	
                      03/25/08
                        

                    	
                      413,024,171.56
                        

                    
	
                      03/25/08
                        

                    	
                      04/25/08
                        

                    	
                      393,690,134.36
                        

                    
	
                      04/25/08
                        

                    	
                      05/25/08
                        

                    	
                      363,057,994.26
                        

                    
	
                      05/25/08
                        

                    	
                      06/25/08
                        

                    	
                      127,044,747.69
                        

                    
	
                      06/25/08
                        

                    	
                      07/25/08
                        

                    	
                      114,743,720.58
                        

                    
	
                      07/25/08
                        

                    	
                      08/25/08
                        

                    	
                      104,241,248.65
                        

                    
	
                      08/25/08
                        

                    	
                      09/25/08
                        

                    	
                      95,604,350.90
                        

                    
	
                      09/25/08
                        

                    	
                      10/25/08
                        

                    	
                      91,411,030.91
                        

                    
	
                      10/25/08
                        

                    	
                      11/25/08
                        

                    	
                      87,414,630.66
                        

                    
	
                      11/25/08
                        

                    	
                      12/25/08
                        

                    	
                      83,605,254.35
                        

                    
	
                      12/25/08
                        

                    	
                      01/25/09
                        

                    	
                      79,973,533.28
                        

                    
	
                      01/25/09
                        

                    	
                      02/25/09
                        

                    	
                      76,510,596.49
                        

                    
	
                      02/25/09
                        

                    	
                      03/25/09
                        

                    	
                      73,208,043.12
                        

                    
	
                      03/25/09
                        

                    	
                      04/25/09
                        

                    	
                      70,057,916.33
                        

                    
	
                      04/25/09
                        

                    	
                      05/25/09
                        

                    	
                      65,471,653.37
                        

                    
	
                      05/25/09
                        

                    	
                      06/25/09
                        

                    	
                      47,655,852.01
                        

                    
	
                      06/25/09
                        

                    	
                      07/25/09
                        

                    	
                      45,920,140.20
                        

                    
	
                      07/25/09
                        

                    	
                      08/25/09
                        

                    	
                      44,248,445.41
                        

                    
	
                      08/25/09
                        

                    	
                      09/25/09
                        

                    	
                      42,638,350.30
                        

                    
	
                      09/25/09
                        

                    	
                      10/25/09
                        

                    	
                      41,087,532.33
                        

                    
	
                      10/25/09
                        

                    	
                      11/25/09
                        

                    	
                      39,593,759.83
                        

                    
	
                      11/25/09
                        

                    	
                      12/25/09
                        

                    	
                      38,154,888.24
                        

                    
	
                      12/25/09
                        

                    	
                      01/25/10
                        

                    	
                      36,768,856.57
                        

                    
	
                      01/25/10
                        

                    	
                      02/25/10
                        

                    	
                      0.00
                        

                    
	
                      02/25/10
                        

                    	
                      03/25/10
                        

                    	
                      0.00
                        

                    
	
                      03/25/10
                        

                    	
                      04/25/10
                        

                    	
                      0.00
                        

                    
	
                      04/25/10
                        

                    	
                      05/25/10
                        

                    	
                      0.00
                        

                    
	
                      05/25/10
                        

                    	
                      06/25/10
                        

                    	
                      0.00
                        

                    
	
                      06/25/10
                        

                    	
                      07/25/10
                        

                    	
                      0.00
                        

                    
	
                      07/25/10
                        

                    	
                      08/25/10
                        

                    	
                      0.00
                        

                    
	
                      08/25/10
                        

                    	
                      09/25/10
                        

                    	
                      0.00
                        

                    
	
                      09/25/10
                        

                    	
                      10/25/10
                        

                    	
                      0.00
                        

                    
	
                      10/25/10
                        

                    	
                      11/25/10
                        

                    	
                      0.00
                        

                    
	
                      11/25/10
                        

                    	
                      12/25/10
                        

                    	
                      0.00
                        

                    
	
                      12/25/10
                        

                    	
                      01/25/11
                        

                    	
                      0.00
                        

                    
	
                      01/25/11
                        

                    	
                      02/25/11
                        

                    	
                      0.00
                        

                    

            

             

          

          *subject
            to adjustment in accordance with
            the relevant Business Day Convention.

           

        

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

         

        

          (Multicurrency-Cross
            Border) 

          ISDAâ

          

          International
            Swap Dealers Association, Inc.

          

          MASTER
            AGREEMENT

          

          dated
            as
            of June 29, 2006

          

          
            	
                    LEHMAN
                      BROTHERS 

                    SPECIAL
                      FINANCING INC.

                  	 	
                    DEUTSCHE
                      BANK NATIONAL TRUST COMPANY,
                      NOT IN ITS INDIVIDUAL CAPACITY, BUT SOLELY AS CAP
                      TRUSTEE WITH
                      RESPECT TO THE CAP TRUST
                      RELATING TO THE
                      FIRST FRANKLIN MORTGAGE LOAN TRUST 2006-FF8, ASSET BACKED CERTIFICATES,
                      SERIES 2006-FF8

                  

          

           

          have
            entered and/or anticipate entering into one or more transactions (each
            a
“Transaction”) that are or will be governed by this Master Agreement, which
            includes the schedule (the “Schedule”), and the documents and other confirming
            evidence (each a “Confirmation”) exchanged between the parties confirming those
            Transactions.

           

          Accordingly,
            the parties agree as follows:3⁄4

           

          
            
              	
                      1.

                    	
                      Interpretation

                    
	 	 
	
                      (a)

                    	
                      Definitions.
                        The terms defined in Section 14 and in the Schedule will
                        have the meanings
                        therein specified for the purpose of this Master Agreement.
                        

                    
	 	 
	
                      (b)

                    	
                      Inconsistency. 
                        In
                        the event of any inconsistency between the provisions of
                        the Schedule and
                        the other provisions of this Master Agreement, the Schedule
                        will prevail.
                        In the event of any inconsistency between the provisions
                        of any
                        Confirmation and this Master Agreement (including the Schedule),
                        such
                        Confirmation will prevail for the purposes of the relevant
                        Transaction.

                    
	 	 
	
                      (c)

                    	
                      Single
                        Agreement.
                        All Transactions are entered into in reliance on the fact
                        that this Master
                        Agreement and all Confirmations form a single agreement between
                        the
                        parties (collectively referred to as this “Agreement”), and the parties
                        would not otherwise enter into any Transactions.

                    
	 	 
	
                      2.

                    	
                      Obligations

                    
	 	 
	
                      (a)

                    	
                      General
                        Conditions.

                    

            

          

           

          (i)
            Each
            party will make each payment or delivery specified in each Confirmation
            to be
            made by it, subject to the other provisions of this Agreement.

           

          (ii)
            Payments under this Agreement will be made on the due date for value
            on that
            date in the place of the account specified in the relevant Confirmation
            or
            otherwise pursuant to this Agreement, in freely transferable funds and
            in
            the manner customary for
            payments in the required currency.
            Where settlement is by delivery (that is, other than by payment), such
            delivery
            will be made for receipt on the due date in the manner customary for
            the
            relevant obligation unless otherwise specified in the relevant Confirmation
            or
            elsewhere in this Agreement.

           

          (iii)
            Each obligation of each party under Section 2(a)(i) is subject to (1)
            the
            condition precedent that no Event of Default or Potential Event of Default
            with
            respect to the other party has occurred and is continuing, (2) the condition
            precedent that no Early Termination Date in respect of the relevant Transaction
            has occurred or been effectively designated and (3) each other applicable
            condition precedent specified in this Agreement.

           

          value
            of
            that which was (or would have been) required to be delivered as of the
            originally scheduled date for delivery, in each case together with (to
            the
            extent permitted under applicable law) interest, in the currency of such
            amounts, from (and including) the date
            such
            amounts or obligations were or
            would
            have been
            required to have been paid or performed to (but excluding) such
            Early Termination Date, at the Applicable Rate. Such amounts of interest
            will be
            calculated on the basis of daily compounding and the actual number of
            days
            elapsed. The fair market value of any obligation referred to in clause
            (b) above
            shall be reasonably determined by the party obliged to make the determination
            under Section 6(e) or, if each party is so obliged, it shall be the average
            of
            the Termination Currency Equivalents of the fair market values reasonably
            determined by both parties.

           

          IN
            WITNESS WHEREOF the parties have executed this document on the respective
            dates
            specified below with effect from the date specified on the first page
            of this
            document.

           

          
            	
                    LEHMAN
                      BROTHERS 

                    SPECIAL
                      FINANCING INC.

                  	 	
                    DEUTSCHE
                      BANK NATIONAL TRUST COMPANY, NOT
                      IN ITS INDIVIDUAL CAPACITY, BUT SOLELY AS
                      CAP
                      TRUSTEE WITH
                      RESPECT TO THE
                      CAP TRUST RELATING
                      TO
                      THE FIRST FRANKLIN MORTGAGE LOAN TRUST 2006-FF8, ASSET BACKED
                      CERTIFICATES, SERIES 2006-FF8

                  
	
                    (Name
                      of Party)

                  	 	
                    (Name
                      of Party)

                  
	
                     

                     

                     

                  	 	 
	 	 	 
	
                    Name:

                  	 	
                    Name:

                  
	
                    Title:

                  	 	
                    Title:

                  
	
                    Date:

                  	 	
                    Date:

                  

          

          

          

            Copyright
              ã
              1992 by
              International Swap Dealers Association, Inc.

          

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

          Revised
            3/7/02 

          (Multicurrency-Cross
            Border)

          

          SCHEDULE

          to
            the

          Master
            Agreement

          dated
            as
            of June 29, 2006

          between
            

          LEHMAN
            BROTHERS SPECIAL FINANCING INC.
            (“Party
            A”), 

          a
            corporation organized under the laws of 

          the
            State
            of Delaware 

          and

          DEUTSCHE
            BANK NATIONAL TRUST COMPANY, NOT
            IN
            ITS INDIVIDUAL CAPACITY, BUT SOLELY AS CAP
            TRUSTEE WITH
            RESPECT TO
            THE CAP TRUST RELATING
            TO
            THE FIRST FRANKLIN MORTGAGE LOAN TRUST 2006-FF8, ASSET BACKED CERTIFICATES,
            SERIES 2006-FF8
            (“Party
            B”)

          

          All
            terms used herein and not otherwise defined are given their meaning in
            the
            Pooling and Servicing Agreement dated as of June 1, 2006 First 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”).

          

          Part
            1: Termination Provisions

          

          In
            this
            Agreement:-

          

          
            	
                    (a)

                  	
                    “Specified
                      Entity”
                      means in relation to Party A for the purpose
                      of:-

                  

          

           

          

            
              	 	
                      Section
                        5(a)(v),

                    	 	
                      Not
                        applicable.

                    
	 	
                      Section
                        5(a)(vi),

                    	 	
                      Not
                        applicable.

                    
	 	
                      Section
                        5(a)(vii),

                    	 	
                      Not
                        applicable.

                    
	 	
                      Section
                        5(b)(iv),

                    	 	
                      Not
                        applicable.

                    
	 	 	 	 
	
                       

                    	
                       

                    	
                      and
                        in relation to Party B for the purpose of:-  

                    
	 	 	 	 
	 	
                      Section
                        5(a)(v),

                    	 	
                      Not
                        applicable.

                    
	 	
                      Section
                        5(a)(vi),

                    	 	
                      Not
                        applicable.

                    
	 	
                      Section
                        5(a)(vii),

                    	 	
                      Not
                        applicable.

                    
	 	
                      Section
                        5(b)(iv),

                    	 	
                      Not
                        applicable.

                    

            

          

           

          
            	
                    (b)

                  	
                    “Specified
                      Transaction”
                      will have the meaning specified in Section
                      14
                      of
                      this Agreement. 

                  

          

          

          
            	
                    (c)
                      

                  	
                    Events
                      of Default:

                  

          

          

          (i)     The
            “Breach
            of Agreement”
            provisions of Section 5(a)(ii) will apply to Party A and will not apply
            to Party
            B.

          

          (ii)             
            The
            “Credit
            Support Default”
            provisions of Section 5(a)(iii) will apply to Party A and will not apply
            to
            Party B. 

          

          (iii)            
            The
            “Misrepresentation”
            provisions of Section 5(a)(iv) will not apply to Party A and will not
            apply to
            Party B.

          

          (iv)            
            The
            “Default
            under Specified Transaction”
            provisions of Section 5(a)(v) will not apply to Party A and will not
            apply to
            Party B.

          

          (v)             
            “Cross
            Default”
            provisions of Section
            5(a)(vi)
            will not
            apply to Party A and will not apply to Party B.

          

          (vi)            
            Clause
            (2) of the “Bankruptcy”
            provisions of Section 5(a)(vii) will not apply to Party B with respect
            to its
            inability to pay its subordinated debt.

          

          
            	
                    (d)

                  	
                    Termination
                      Events:

                  

          

          

          (i)              
            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, Market Quotation and Second Method will apply.
                      

                  

            	 	 

            	(g) 	
                    “Termination
                      Currency”
                      means USD.

                  

          

           

          
            	
                    (h)

                  	
                    Additional
                      Termination Events
                      will apply. Each of the following shall constitute an Additional
                      Termination Event:

                  

          

          

          (A)
            Payment
            of Notes prior to Termination Date.
            

          

          (i)
            If,
            at any time, the Terminator (as defined in the Pooling and Servicing
            Agreement)
            purchases the Mortgage Loans pursuant to Section 10.01 of the Pooling
            and
            Servicing Agreement, then an Additional Termination Event shall have
            occurred
            with respect to Party B with Party B as the sole Affected Party with
            respect to
            such Additional Termination Event. Notwithstanding the provisions of
            section
            6(b)(iv) of this Agreement, either Party A or Party B may designate an
            Early
            Termination Date in respect of this Additional Termination Event;
            provided,
            further,
            that such Early Termination Date shall not be prior to the final Distribution
            Date.

          

          (ii)
            If
            the Trustee is unable to pay to its Class A Certificates or fails or
            admits in
            writing its inability to pay its Class A Certificates (a) on any related
            Monthly
            Interest Distributable Amount or (b) with respect to any amount in respect
            of
            principal required to be paid pursuant to the terms of the Pooling and
            Servicing
            Agreement, then an Additional Termination Event shall have occurred with
            respect
            to Party B with Party B as the sole Affected Party with respect to such
            Additional Termination Event.

           

          (B) Approved
            Ratings Threshold.
            Upon
            the
            occurrence of a Collateralization Event (as defined below) if Party A
            has not,
            within 30 days after such ratings downgrade (unless, within 30 days after
            such
            downgrade, each such Rating Agency has reconfirmed the rating of the
            Certificates and any notes backed by the Certificates (the “Notes”) which was in
            effect immediately prior to such downgrade without regard to any financial
            guarantee insurance policy, if applicable, unless the rating of the Certificates
            and any Notes was changed due to a circumstance other than the downgrading
            of
            Party A's (or its Credit Support Providers’ rating), complied with one of the
            four solutions listed 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. 

          

          In
            the
            event that (A) either (i) the unsecured, long-term senior debt obligations
            of
            Party A (or its Credit Support Provider) are rated below “A1” by Moody's or are
            rated “A1” by Moody's and such rating is on watch for possible downgrade (but
            only for so long as it is on watch for possible downgrade) or (ii) the
            unsecured, short-term debt obligations of Party A (or its Credit Support
            Provider) are rated below “P-1” by Moody's or are rated “P-1” by Moody's and
            such rating is on watch for possible downgrade (but only for so long
            as it is on
            watch for possible downgrade), (B) no short-term rating is available
            from
            Moody’s and the unsecured, long-term senior debt obligations of Party A (or
            its
            Credit Support Provider) are rated below "Aa3" by Moody's or are rated
“Aa3” by
            Moody's and such rating is on watch for possible downgrade (but only
            for so long
            as it is on watch for possible downgrade), or (C) either (i) the unsecured,
            short-term debt obligations of Party A (or its Credit Support Provider)
            are
            rated below “A-1” by S&P or (ii) if Party A (or its Credit Support Provider)
            does not have a short-term rating from S&P, the unsecured, long-term senior
            debt obligations of Party A (or its Credit Support Provider) are rated
            below
“A+” by S&P (such event a “Collateralization Event”), then, Party A, at its
            own cost and subject to Rating Agency Condition (other than with respect
            to
            sub-clause (iii) below), shall within 30 days either (i) cause another
            entity to
            replace Party A as party to this Agreement that satisfies the Swap Counterparty
            Ratings Requirement and that is approved by the Trustee (which approval
            shall
            not be unreasonably withheld) on terms substantially similar to this
            Agreement;
            (ii) obtain a guaranty of, or a contingent agreement of another person
            that
            satisfies the Swap Counterparty Ratings Requirement),
            to
            honor Party A's obligations under this Agreement, provided that such
            other
            person is approved by the Trustee such approval not to be unreasonably
            withheld;
            (iii) post collateral in accordance with the Credit Support Annex attached
            hereto; or (iv) establish any other arrangement satisfactory to the applicable
            Rating Agency which will be sufficient to restore the immediately prior
            ratings
            of the Certificates and any Notes without regard to any financial guarantee
            policy, if applicable, that satisfies the Swap Counterparty Ratings
            Requirements. If
            Party A posts collateral in any circumstance described in this paragraph,
            and if
            required at the time by S&P or necessary to satisfy the Rating Agency
            Condition, concurrently with such delivery of Eligible Collateral, Party
            A shall
            cause its outside counsel to deliver to Party B an opinion in form and
            substance
            acceptable to S&P, as to the enforceability, perfection and priority of
            Party B’s security interest in such Eligible Collateral in all relevant
            jurisdictions (i.e., that, notwithstanding Party A’s insolvency, the collateral
            will be available to meet swap obligations free from any preference claim
            or
            moratorium). All collateral posted by Party A shall be returned to Party
            A
            immediately upon Party A securing a substitute counterparty that satisfies
            the
            Swap Counterparty Ratings Requirements. 

          

          “Swap
            Counterparty Ratings Requirement"
            shall mean (a) either (i) the unsecured, short-term debt obligations
            of the
            substitute counterparty (or its Credit Support Provider) are rated at
            least
            "A-1" by S&P or (ii) if the substitute counterparty does not have a
            short-term rating from S&P, the unsecured, long-term senior debt obligations
            of the substitute counterparty (or its Credit Support Provider) are rated
            at
            least "A+" by S&P, and (b) either (i) the unsecured, long-term senior debt
            obligations of such substitute counterparty (or its Credit Support Provider)
            are
            rated at least "A1" by Moody's (and if rated "A1" by Moody's, such rating
            is not
            on watch for possible downgrade) and the unsecured, short-term debt obligations
            of such substitute counterparty (or its Credit Support Provider) are
            rated at
            least "P-1" by Moody's (and if rated "P-1" by Moody's, such rating is
            not on
            watch for possible downgrade and remaining on watch for possible downgrade),
            or
            (ii) if such substitute counterparty (or its Credit Support Provider)
            does not
            have a short-term debt rating from Moody's, the unsecured, long-term
            senior debt
            obligations of such substitute counterparty (or its Credit Support Provider)
            are
            rated at least "Aa3" by Moody's (and if rated "Aa3" by Moody's, such
            rating is
            not on watch for possible downgrade).

           

          (C)
            Ratings
            Event.
            Upon the
            occurrence of a Ratings Event (as defined below) Party A has not, within
            10 days
            after such rating withdrawal or downgrade (unless, within 10 days after
            such
            withdrawal or downgrade, each such Rating Agency has reconfirmed the
            rating of
            the Certificates and any Notes which was in effect immediately prior
            to such
            withdrawal or downgrade without regards to any financial guarantee insurance
            policy, if applicable unless the rating of the Certificates and the Notes
            was
            changed due to a circumstance other than the withdrawal or downgrading
            of Party
            A's (or its Credit Support Provider’s) rating), complied with one of the
            solutions listed 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.

          

          It
            shall
            be a ratings event (“Ratings Event”) if at any time after the date hereof Party
            A shall fail to satisfy the Swap Counterparty Ratings Threshold. “Swap
            Counterparty Ratings Threshold” shall mean that both (A) the unsecured,
            long-term senior debt obligations of Party A (or its Credit Support Provider)
            are rated at least “BBB-” by S&P, and (B) either (i) the unsecured,
            long-term senior debt obligations of Party A (or its Credit Support Provider)
            are rated at least “A2" by Moody’s (including if such rating is on watch for
            possible downgrade) and the unsecured, short-term debt obligations of
            Party A
            (or its Credit Support Provider) are rated at least “P-1” by Moody’s (including
            if such rating is on watch for possible downgrade) or (ii) if Party A
            (or its
            Credit Support Provider) does not have a short-term rating from Moody’s, the
            unsecured, long-term senior debt obligations of Party A (or its Credit
            Support
            Provider) are rated at least “A1” by Moody’s (including if such rating is on
            watch for possible downgrade).

          

          Following
            a Ratings Event, Party A shall take the following actions at
            its own expense and subject to the Rating Agency Condition (other than
            with
            respect to sub-clause (A) hereafter), (A) immediately post collateral
            in
            accordance with the Credit Support Annex attached hereto (until such
            time as it
            has secured a substitute counterparty or a guarantor that satisfies the
            Swap
            Counterparty Ratings Requirement), and (B) not later than 10 days after
            the
            occurrence of such a downgrade or withdrawal by S&P
            or Moody’s,
            either (I) assign all of its rights and obligations under the Transactions
            to a
            counterparty that satisfies the Swap Counterparty Ratings Requirement
            or whose
            guarantor satisfies the Swap Counterparty Ratings Requirement pursuant
            to
            documentation substantially similar to the documentation then in place
            and
            subject to prior notification to the Rating Agencies, or (II) provide
            a guaranty
            from a guarantor that satisfies the Swap Counterparty Ratings Requirement
            pursuant to documentation substantially similar to the documentation
            then in
            place and subject to prior notification to the Rating Agencies.

          

          The
            occurrence of the Additional Termination Event described in Part 1(h)(A)
            and (B)
            shall have no effect on Party A’s obligation to undertake the steps set forth
            hereunder in the event Party B does not exercise its right to terminate
            hereunder. Notwithstanding the foregoing, in the event that S&P
            has other published criteria with respect to the downgrade of a counterparty
            in
            effect at the time of such a downgrade of Party A, Party A shall be entitled
            to
            elect to take such other measures specified in such published criteria
            subject
            to the satisfaction of the Rating Agency Condition.

           

          (D)
            Amendment or Supplement
            to Pooling and Servicing Agreements without Party
            A’s
            Prior Written Consent.
            Party B
            enters into an amendment or supplement to the Pooling and Servicing Agreement
            or
            other modification to the Pooling and Servicing Agreement that could
            reasonably
            be expected to have a material adverse effect on Party A without prior
            notice to Party A and the prior written consent of Party A
            (such
            consent not to be unreasonably withheld or delayed). For
            the
            purpose of the foregoing Additional Termination Event, Party B shall
            be the sole
            Affected Party. 

           

          (E)
            Return
            of Collateral.
            Party B
            or its Custodian fails to transfer any Return Amount pursuant to the
            terms of
            the Credit Support Annex following any applicable notice, cure and grace
            periods
            provided for thereunder. For the purpose of the foregoing Termination
            Event,
            Party B shall be the sole Affected Party.

          

           

          Part
            2: Tax Representations

          

          
            	
                    (a)

                  	
                    Payer
                      Tax Representations.
                      For the purpose of Section
                      3(e)
                      of
                      this Agreement, Party A and Party B will each make the following
                      representation:

                  

          

          

          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 Sections
            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 (i) the accuracy of any representation
            made
            by the other party pursuant to Section
            3(f)
            of this
            Agreement, (ii) the satisfaction(s) of the agreement of the other party
            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)
            of this
            Agreement by reason of material prejudice to its legal or commercial
            position.

           

          
            	(b)	
                    Payee
                      Tax Representations.
                      

                  

          

          

          For
            the
            purpose of Section
            3(f)
            of this
            Agreement, Party A represents that it is a corporation duly organized
            and
            validly existing under the laws of the State of Delaware and Party B
            represents
            that it is a
“United
            States person” as such term is defined in Section 7701(a)(30) of the Internal
            Revenue Code of 1986, as amended. 

          

          
            	(c)	
                    Tax
                      Representations in Confirmations. For
                      purposes of Sections
                      2(d)(i)(4)
                      and 3(f),
                      any payee tax representation specified in a Confirmation under
                      this
                      Agreement shall be deemed to be specified in this
                      Schedule.

                  

          

           

          
            	
                    (d)

                  	
                    Deduction
                      or Withholding for Tax.
                      The provisions of Section 2(d)(i)(4) and 2(d)(ii) will not
                      apply to Party
                      B and Party B shall not be required to pay any additional amounts
                      referred
                      to therein.

                  

          

           

           

          Part
            3: Agreement to Deliver Documents

          

          For
            the
            purpose of Sections
            4(a)(i)
            and
            (ii)
            of this
            Agreement, each party agrees to deliver the following documents, as
            applicable:-

          

          
            	(a)	
                    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 and Party B

                  	
                     

                    Forms
                      and/or documents described in Section
                      4(a)(iii)
                      of
                      the Agreement.

                  	
                     

                    Upon
                      reasonable demand by the other
                      party.

                  

          

          

          
            	(b)	
                    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)

                  
	 	 	 	 
	
                    Party
                      A and Party B

                  	
                    For
                      each party, an incumbency certificate with respect to each
                      signatory to
                      this Agreement and the Credit Support Documents.

                  	
                    Upon
                      execution of this Agreement.

                  	
                    Yes

                  
	 	 	 	 
	
                    Party
                      A 

                  	
                    A
                      copy of the annual report of its Credit Support Provider containing
                      audited consolidated financial statements for such fiscal year
                      certified
                      by independent public accountants and prepared in accordance
                      with
                      generally accepted accounting principles consistently
                      applied.

                  	
                    Upon
                      request.

                  	
                    Yes

                  
	 	 	 	 
	
                    Party
                      A 

                  	
                    For
                      its most recent fiscal quarter, a copy of the unaudited financial
                      statements of its Credit Support Provider, prepared in accordance
                      with
                      generally accepted accounting principles consistently
                      applied.

                  	
                    Upon
                      request.

                  	
                    Yes

                  
	 	 	 	 
	
                    Party
                      A and Party B

                  	
                    (i)
                      In the case of Party A, a copy of the resolutions or other
                      action of the
                      board of directors of each of Party A and its Credit Support
                      Provider and
                      (ii) in the case of Party B, (x) Evidence of authority of Party
                      B or its
                      Credit Support Provider, the Pooling and Servicing Agreement
                      or other
                      document of Party B, pursuant to which Party B is authorized
                      to enter into
                      this Agreement, each Credit Support Document to which it is
                      a party, and
                      each Transaction from time to time entered into hereunder (the
                      “Authorizing Resolution”). 

                  	
                    Upon
                      execution of this Agreement.

                  	
                    Yes

                  
	 	 	 	 
	
                    Party
                      A

                  	
                    A
                      guarantee of Lehman Brothers Holdings Inc. (“Holdings”) substantially in
                      the form of Exhibit
                      A
                      to
                      this Schedule.

                  	
                    Upon
                      execution of this Agreement

                  	
                    No

                  
	 	 	 	 
	
                    Party
                      B

                  	
                    An
                      opinion of counsel to Party B substantially in the form of
Exhibit
                      B
                      to
                      this Schedule. 

                  	
                    Upon
                      execution of this Agreement

                  	
                    No

                  
	 	 	 	 
	
                    Party
                      A

                  	
                    An
                      opinion of counsel to Party A substantially in the form of
Exhibit
                      C
                      to
                      this Schedule. 

                  	
                    Upon
                      execution of this Agreement

                  	
                    No

                  
	 	 	 	 
	
                    Party
                      B

                  	
                    Filings
                      of Reports by Trustee

                  	
                    In
                      accordance with Pooling and Servicing Agreement.

                  	
                    Yes

                  

          

          

          

          Part
            4: Miscellaneous

           

          
            
              	(a)	
                      Addresses
                        for Notices.
                        For the purpose of Section
                        12(a)
                        of this Agreement:-

                    	 
	 	 	 
	 	Address
                      for
                      notices or communications to Party A:-	 
	 	 	 	 
	 	
                      Address:

                    	
                      Lehman
                        Brothers Special Financing Inc.

                    	 
	 	
                       

                    	
                      c/o
                        Lehman Brothers Inc. 

                    	 
	 	
                       

                    	
                      Corporate
                        Advisory Division

                    	 
	 	
                       

                    	
                      Transaction
                        Management Group

                    	 
	 	 	
                      745
                        Seventh Avenue

                    	 
	 	 	
                      New
                        York, New York 10019

                    	 
	 	 	 	 
	 	
                      Attention:

                    	
                      Documentation
                        Manager

                    	 
	 	
                      Telephone
                        No.:

                    	
                      (212)
                        526-7187

                    	 
	 	
                      Facsimile
                        No.:

                    	
                      (212)
                        526-7672

                    	 
	 	 	
                      For
                        all purposes.

                    	
                       

                    
	 	 	 	 
	 	
                      Address
                        for notices or communications to Party B:-

                    	 
	 	 	 	 
	 	
                      Address:

                    	
                      Deutsche
                        Bank National Trust Company

                    	
                       

                    
	 	
                       

                    	
                      1761
                        East Saint Andrew Place

                    	 
	 	
                       

                    	
                      Santa
                        Ana, CA 92705

                    	 
	 	 	 	 
	 	
                      Attention:

                    	
                      First
                        Franklin 2006-FF8 Cap reference: GC06Z

                    	 
	 	
                      Telephone
                        No.:

                    	
                      (714)
                        247-6000

                    	 
	 	
                      Facsimile
                        No.:

                    	
                      (714)
                        244-6285

                    	 
	 	 	 	 
	 	
                       

                    	
                      For
                        all purposes.

                    	 

            

          

           

          

            
              	
                      (b)

                    	
                      Process
                        Agent.
                        For the purpose of Section
                        13(c)
                        of this Agreement:-

                    
	 	 
	 	
                      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 not a Multibranch Party.

                    
	 	
                      Party
                        B is not a Multibranch Party.

                    
	 	 
	
                      (e)

                    	
                      Calculation
                        Agent.
                        The Calculation Agent is Party A.

                    
	 	 
	
                      (f)

                    	
                      Credit
                        Support Document. 

                    
	 	 
	 	
                      In
                        the case of Party A: (1) A guarantee of Party A's obligations
                        hereunder
                        substantially in the form annexed hereto as Exhibit
                        A
                        to
                        this Schedule. (2) The Credit Support Annex which supplements,
                        forms part
                        of, and is subject to this Agreement.

                    
	 	 
	 	
                      In
                        the case of Party B: the Pooling and Servicing Agreement.
                        

                    
	 	 
	
                      (g)

                    	
                      Credit
                        Support Provider. 

                    
	 	 
	 	
                      Credit
                        Support Provider means in relation to Party A: Lehman Brothers
                        Holdings
                        Inc.

                    
	 	 
	 	
                      Credit
                        Support Provider means in relation to Party B: None.

                    
	 	 
	
                      (h)

                    	
                      Governing
                        Law. This
                        Agreement will be governed by and construed in accordance
                        with the laws of
                        the State of New York (without reference to choice of law
                        doctrine other
                        than Sections 5-1401 and 5-1402 of the New York General Obligations
                        Law).

                    
	 	 
	
                      (i)

                    	
                      Jurisdiction. Section
                        13(b)
                        is
                        hereby amended by: (i) deleting in the second line of subparagraph
                        (i)
                        thereof the word “non-”; and (ii) deleting the final paragraph
                        thereof.

                    
	 	 
	
                      (j)

                    	
                      Netting
                        of Payments. Subparagraph
                        (ii)
                        of
                        Section
                        2(c)
                        of
                        this Agreement will apply.

                    
	 	 
	
                      (k)

                    	
                      “Affiliate”
                        will
                        have the meaning specified in Section
                        14
                        of
                        this Agreement, except that Party B shall be deemed to have
                        no Affliates
                        and; provided,
                        however,
                        that with respect to Party A, such definition shall be understood
                        to
                        exclude Lehman Brothers Derivative Products Inc. and Lehman
                        Brothers
                        Financial Products Inc.

                    

            

          

           

           

          Part
            5: Other Provisions

          

          
            	
                     (a)

                  	
                    Accuracy
                      of Specified Information. Section
                      3(d)
                      is
                      hereby amended by inserting in the third line thereof after
                      the words “in
                      every material respect” and before the period the phrase “or, in the case
                      of audited or unaudited financial statements, a fair presentation,
                      in all
                      material respects, of the financial condition of the relevant
                      person.”

                  

          

          

          
            	
                    (b)

                  	
                    No
                      Violation or Conflict Representation. Section
                      3(a)(iii)
                      is
                      hereby amended by inserting in the second line thereof after
                      the words
                      “constitutional documents” and before the words “, any order or judgment”
                      the phrase “(including, but not limited to, the Pooling and Servicing
                      Agreement, as amended, and any and all resolutions, investment
                      policies,
                      guidelines, procedures or restrictions).”; provided,
                      such amendment shall be applicable only with respect to the
                      Representations of Party B.

                  

          

          

          
            	
                    (c)

                  	
                    Representations. Section
                      3
                      is
                      hereby amended by adding the following subsections after subsection
                      (f)
                      thereof:

                  

          

          

          
            	 	
                    (g)

                  	
                    No
                      Agency. It
                      is entering into this Agreement, any Credit Support Document
                      to which it
                      is a party, and each Transaction, and any other documentation
                      relating to
                      this Agreement or any Transaction, as principal (and not as
                      agent or in
                      any other capacity, fiduciary or
                      otherwise).

                  

          

          

          
            	 	
                    (h)

                  	
                    Eligible
                      Contract Participant.
                      It
                      is an “eligible contract participant” within the meaning of Section 1a(12)
                      of the Commodity Exchange Act, as
                      amended.

                  

          

          

          
            	 	
                    (i)

                  	
                    Non-Reliance.
                      It
                      is acting for its own account, and it has made its own independent
                      decisions to enter into each Transaction and as to whether
                      that
                      Transaction is appropriate or proper for it based upon its
                      own judgment
                      and upon advice from such advisers as it has deemed necessary.
                      It is not
                      relying on any communication (written or oral) of the other
                      party as
                      investment advice or as a recommendation to enter into that
                      Transaction;
                      it being understood that information and explanations related
                      to the terms
                      and conditions of a Transaction shall not be considered investment
                      advice
                      or a recommendation to enter into that Transaction. No communication
                      (written or oral) received from the other party shall be deemed
                      to be an
                      assurance or guarantee as to the expected results of that
                      Transaction.

                  

          

          

          
            	 	
                    (j)

                  	
                    Assessment
                      and Understanding.
                      It
                      is capable of assessing the merits of and understanding (on
                      its own behalf
                      or through independent professional advice), and understands
                      and accepts,
                      the terms, conditions and risks of that Transaction. It is
                      also capable of
                      assuming, and assumes, the risks of that
                      Transaction.

                  

          

          

          
            	 	
                    (k)

                  	
                    Status
                      of Parties.
                      The other party is not acting as a fiduciary for or an adviser
                      to it in
                      respect of that Transaction.

                  

          

           

          
            	(d)	
                    Third-Party
                      Beneficiary.
                      Party B agrees with Party A that Party A shall be an express
                      third-party
                      beneficiary of the Pooling and Servicing Agreement. 

                  

          

          

          
            	
                    (e)

                  	
                    Set-off.
                      Notwithstanding any provision of this Agreement or any other
                      existing or
                      future agreements, each of Party A and Party B irrevocably
                      waives as to
                      itself any and all contractual rights it may have to set-off,
                      net, recoup
                      or otherwise withhold or suspend or condition its payment or
                      performance
                      of any obligation to the other party under this Agreement against
                      any
                      obligation of one party hereto to the other party hereto arising
                      outside
                      of this Agreement (which Agreement includes, without limitation,
                      the
                      Master Agreement to which this Schedule is attached, this Schedule,
                      the
                      Confirmations and any Credit Support Document). For the avoidance
                      of
                      doubt, this provision shall not cause Party A or Party B to
                      waive any
                      right it may have to net payments in respect of the same transaction.
                      The
                      provisions for Set-Off set forth in Section 6(e) shall not
                      apply.

                  

          

          

          
            	
                    (f)

                  	
                    Transfer
                      and Assignment.
                      Notwithstanding anything to the contrary in Section
                      7
                      of
                      the Agreement, Party A may assign its rights and obligations
                      under the
                      Agreement, in whole or in part, to any Affiliate of Holdings
                      (an
                      “Assignee”) effective upon delivery to Party B of the guarantee by
                      Holdings, in favor of Party B, of the obligations of such Affiliate,
                      such
                      guarantee to be substantially the same as the guarantee then
                      in effect of
                      the obligations of the transferor,. Party A will provide prior
                      written
                      notice to each Rating Agency of any such assignment.
                      

                  

          

          

          Any
            transfer pursuant to the foregoing or Section 7 of this Agreement shall
            meet the
            following requirements:

          

          1.
            No
            Event of Default or Termination Event (including, for the avoidance of
            doubt, an
            Additional Termination Event) would occur as a result of such
            transfer;

          

          2.
            Party
            A delivers to Party B both (a) an executed acceptance and assumption
            by the
            Assignee of this Agreement and all Transactions (the “Transferred Obligations”)
            and (b) an executed guarantee from Party A’s Credit Support Provider on behalf
            of the Assignee, with respect to the Transferred Obligations, substantially
            and
            in all material respects in the form of the guaranty provided hereunder;
            and

          

          3.
            As a
            result of the Transfer, on the next scheduled payment date Party B is
            not
            required to make payments (tax or otherwise) that are more than or receive
            payments (tax or otherwise) that are less than the payments that Party
            B would
            be required to make or receive under the Transactions or the Agreement
            had the
            transfer not occurred. 

          

          On
            the
            effective date of such transfer, (1) Party A shall be released from all
            obligations and liabilities arising under the Transferred Obligations;
            (2) the
            Assignee shall assume all obligations and liabilities under the Transferred
            Obligations; and (3) the Transferred Obligations shall cease to be
            Transaction(s) under this Agreement and shall be deemed to be Transaction(s)
            under the ISDA Master Agreement between Assignee and Party B.

           

          
            	
                    (g)

                  	
                    Notices.
                      For the purposes of subsections (iii)
                      and (v)
                      of Section
                      12(a),
                      the date of receipt shall be presumed to be the date sent if
                      sent on a
                      Local Business Day or, if not sent on a Local Business Day,
                      the date of
                      receipt shall be presumed to be the first Local Business Day
                      following the
                      date sent.

                  

          

          

          
            	
                    (h)

                  	
                    Service
                      of Process.
                      The third sentence of Section
                      13(c)
                      shall be amended by adding the following language at the end
                      thereof: "if
                      permitted in the jurisdiction where the proceedings are initiated
                      and in
                      the jurisdiction where service is to be
                      made."

                  

          

          

          
            	
                    (i)

                  	
                    Amendments. Section
                      9(b)
                      is
                      hereby amended by adding at the end thereof the sentence: “In addition,
                      any amendment or modification of this Agreement shall be subject
                      to the
                      Rating Agency Condition.”

                  

          

          

          
            	
                    (j)

                  	
                    Amendments
                      to Pooling and Servicing Agreement.
                      Party B will provide Party A with at least ten (10) days prior
                      written
                      notice of and obtain Party A’s prior written consent to any proposed
                      amendment, supplement or modification to its Pooling and Servicing
                      Agreement that could have a material, adverse effect on Party
                      A or that
                      could otherwise give Party A the right to terminate any Transactions
                      pursuant to the provisions of Part 1(i)(D) above.
                      

                  

          

          

          
            	
                    (k)

                  	
                    No
                      Bankruptcy Petition.
                      Party A agrees that it will not, for a period of one year (or
                      if longer,
                      the applicable preference period) and one day, after the payment
                      in full
                      of the Certificates and any Notes , acquiesce, petition, invoke
                      or
                      otherwise cause Party B, the Supplemental Interest Trust, the
                      Cap Trust,
                      or the Trust created pursuant to the Pooling and Servicing
                      Agreement to
                      invoke the process of any governmental authority for the purpose
                      of
                      commencing or sustaining a case (whether voluntary or involuntary)
                      against
                      Party B under any bankruptcy, insolvency or similar law or
                      appointing a
                      receiver, liquidator, assignee, trustee, custodian, sequestrator
                      or other
                      similar official of Party B or any substantial part of its
                      property or
                      ordering the winding-up or liquidation of the affairs of Party
                      B;
                      provided,
                      that this provision shall not restrict or prohibit Party A
                      from joining
                      any other person, including, without limitation, the Trustee,
                      in any
                      bankruptcy, reorganization, arrangement, insolvency, moratorium
                      or
                      liquidation proceedings already commenced or other analogous
                      proceedings
                      already commenced under applicable law. This provision will
                      survive the
                      termination of the Agreement

                  

          

          

          
            	
                    (l)

                  	
                    Additional
                      Definitions. Section
                      14
                      is
                      hereby amended by adding the following definitions in their
                      appropriate
                      alphabetical order:

                  

          

          

          “DBRS”
means
            Dominion Bond Rating Service Limited

          

          “Moody’s”
means
            Moody’s Investor Services, Inc.

          

          “Rating
            Agencies”
means
            DBRS, Moody’s, S&P, and any other rating agency providing a rating of any
            Certificates or Notes.

          

          “Rating
            Agency Condition”
means,
            with respect to any particular proposed act or omission to act hereunder,
            that
            the party acting or failing to act has consulted with each Rating Agency
            and has
            received from each Rating Agency a written confirmation that the proposed
            action
            or inaction would not cause such Rating Agency to downgrade or withdraw
            its
            then-current rating of any Certificates or Notes. 

          

          
            	 	
                    “S&P”
                      means Standard & Poor’s Ratings Services, a division of The
                      McGraw-Hill Companies, Inc.

                  

          

          

          “USD”
means
            United States Dollars.

          

          All
            terms
            used herein and not otherwise defined are given their meaning in the
            Pooling and
            Servicing Agreement.

          

          
            	
                    (m)

                  	
                    Waiver
                      of Trial By Jury. Insofar
                      as is permitted by law, each party irrevocably waives any and
                      all rights
                      to trial by jury in any legal proceeding in connection with
                      this agreement
                      or any transaction, and acknowledges that this waiver is a
                      material
                      inducement to the other party’s entering into this agreement and each
                      transaction hereunder.

                  

          

          

          
            	
                    (n)

                  	
                    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) for any reason,
                      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 to this Agreement; 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 connection with
                      any such
                      Section) shall be held to be invalid or
                      unenforceable.

                  

          

          

          
            	
                    (o)

                  	
                    Pooling
                      and Servicing Agreement.
                      Party A hereby agrees that, notwithstanding any provision of
                      this
                      agreement to the contrary, Party B’s obligations to pay any amounts owing
                      under this Agreement shall be subject to Section 4.01 of the
                      Pooling and
                      Servicing Agreement and Party A’s right to receive payment of such amounts
                      shall be subject to Section 4.01 of the Pooling and Servicing
                      Agreement.
                      [

                  

          

          

          
            	(p)	
                    Non-Recourse.
                      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 Swap Account and the proceeds thereof,
                      in
                      accordance with the terms of the Pooling and Servicing Agreement.
                      In the
                      event that the Swap Account and proceeds thereof should be
                      insufficient to
                      satisfy all claims outstanding and following the realization
                      of the Swap
                      Account and the proceeds thereof, any claims against or obligations
                      of
                      Party B under this Agreement or any other confirmation thereunder
                      still
                      outstanding shall be extinguished and thereafter not revive.
                      Party B 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 amount
                      in the Swap
                      Account from the Trust created pursuant to the Pooling and
                      Servicing
                      Agreement. 

                  

          

          

          
            	(q)	
                    Limited
                      Liability.
                      Party A and Party B agree to the following: (a) Deutsche Bank
                      National
                      Trust Company (“Deutche Bank”) is entering into this Agreement not in its
                      individual or corporate capacity, but solely in its capacity
                      as
                      Supplemental Interest Trust Trustee under the Pooling and Servicing
                      Agreement; It is expressly understood and agreed by the parties
                      hereto
                      that (a) this Agreement is executed and delivered by Deutsche
                      Bank
                      National Trust Company (“Deutche Bank”), not individually or personally
                      but solely as Supplemental Interest Trust Trustee under the
                      Pooling and
                      Servicing Agreement, in the exercise of the powers and authority
                      conferred
                      and vested in it, (b) each of the representations, undertakings
                      and
                      agreements herein made on the part of Deutsche Bank is made
                      and intended
                      not as personal representations, undertakings and agreements
                      by Deutsche
                      Bank but is made and intended for the purpose of binding only
                      the
                      Supplemental Interest Trust, (c) nothing herein contained shall
                      be
                      construed as creating any liability on Deutsche Bank, individually
                      or
                      personally, to perform any covenant either expressed or implied
                      contained
                      herein, all such liability, if any, being expressly waived
                      by the parties
                      hereto and by any Person claiming by, through or under the
                      parties hereto,
                      and (d) under no circumstances shall Deutsche Bank be personally
                      liable
                      for the payment of any indebtedness or expenses of the Supplemental
                      Interest Trust or be liable for the breach or failure of any
                      obligation,
                      representation, warranty or covenant made or undertaken by
                      the
                      Supplemental Interest Trust Trustee under this Agreement or
                      any other
                      related documents.      

                  

          

          

           

          The
            parties executing this Schedule have executed the Master Agreement and
            have
            agreed as to the contents of this Schedule.

           

          

          
            	
                    LEHMAN
                      BROTHERS 

                    SPECIAL
                      FINANCING INC.

                  	 	
                    DEUTSCHE
                      BANK NATIONAL TRUST COMPANY, NOT
                      IN ITS INDIVIDUAL CAPACITY, BUT SOLELY AS CAP
                      TRUSTEE WITH
                      RESPECT TO
                      THE CAP TRUST RELATING
                      TO
                      THE FIRST FRANKLIN MORTGAGE LOAN TRUST 2006-FF8, ASSET BACKED
                      CERTIFICATES, SERIES 2006-FF8

                  
	
                    Party
                      A

                  	 	
                    Party
                      B

                  
	
                     

                     

                     

                  	 	
                     

                     

                     

                     

                  
	
                    Name:

                  	 	
                    Name:

                  
	
                    Title:

                  	 	
                    Title:

                  
	
                    Date:

                  	 	
                    Date:

                  
	 	 	 

          

          

            
              
                
                

              

              
                
                

                
                  

                

              

              
                
                

              

            

          

           

          EXHIBIT
            A to Schedule

           

          GUARANTEE
            OF LEHMAN BROTHERS HOLDINGS INC.

           

          LEHMAN
            BROTHERS SPECIAL FINANCING INC. (“Party A”) and DEUTSCHE
            BANK NATIONAL TRUST COMPANY, NOT
            IN
            ITS INDIVIDUAL CAPACITY, BUT SOLELY AS CAP
            TRUSTEE WITH
            RESPECT TO
            THE CAP TRUST RELATING
            TO
            THE FIRST FRANKLIN MORTGAGE LOAN TRUST 2006-FF8, ASSET BACKED CERTIFICATES,
            SERIES 2006-FF8
            (“Party
            B”) have entered into a Master Agreement dated as of June 29, 2006, (the
“Master
            Agreement”), pursuant to which Party A and Party B have entered and/or
            anticipate entering into one or more transactions (each a “Transaction”), the
            Confirmation of each of which supplements, forms part of, and will be
            read and
            construed as one with, the Master Agreement (collectively referred to
            as the
“Agreement”). This Guarantee is a Credit Support Document as contemplated in the
            Agreement. For value received, and in consideration of the financial
            accommodation accorded to Party A by Party B under the Agreement, LEHMAN
            BROTHERS HOLDINGS INC., a corporation organized and existing under the
            laws of
            the State of Delaware (“Guarantor”), hereby agrees to the
            following:

           

          (a) Guarantor
            hereby unconditionally guarantees to Party B the due and punctual payment
            of all
            amounts payable by Party A under each Transaction when and as Party A’s
            obligations thereunder shall become due and payable in accordance with
            the terms
            of the Agreement. In case of the failure of Party A to pay punctually
            any such
            amounts, Guarantor hereby agrees, upon written demand by Party B, to
            pay or
            cause to be paid any such amounts punctually when and as the same shall
            become
            due and payable.

           

          (b) Guarantor
            hereby agrees that its obligations under this Guarantee constitute a
            guarantee
            of payment when due and not of collection.

           

          (c) Guarantor
            hereby agrees that its obligations under this Guarantee shall be unconditional,
            irrespective of the validity, regularity or enforceability of the Agreement
            against Party A (other than as a result of the unenforceability thereof
            against
            Party B), the absence of any action to enforce Party A’s obligations under the
            Agreement, any waiver or consent by Party B with respect to any provisions
            thereof, the entry by Party A and Party B into additional Transactions
            under the
            Agreement or any other circumstance which might otherwise constitute
            a legal or
            equitable discharge or defense of a guarantor (excluding the defense
            of payment
            or statute of limitations, neither of which is waived) provided, however,
            that
            Guarantor shall be entitled to exercise any right that Party A could
            have
            exercised under the Agreement to cure any default in respect of its obligations
            under the Agreement or to setoff, counterclaim or withhold payment in
            respect of
            any Event of Default or Potential Event of Default in respect of Party
            B or any
            Affiliate, but only to the extent such right is provided to Party A under
            the
            Agreement. The Guarantor acknowledges that Party A and Party B may from
            time to
            time enter into one or more Transactions pursuant to the Agreement and
            agrees
            that the obligations of the Guarantor under this Guarantee will upon
            the
            execution of any such Transaction by Party A and Party B extend to all
            such
            Transactions without the taking of further action by the Guarantor.

           

          (d) This
            Guarantee shall remain in full force and effect until such time as Party
            B shall
            receive written notice of termination. Termination of this Guarantee
            shall not
            affect Guarantor’s liability hereunder as to obligations incurred or arising out
            of Transactions entered into prior to the termination hereof.

           

          (e) Guarantor
            further agrees that this Guarantee shall continue to be effective or
            be
            reinstated, as the case may be, if at any time, payment, or any part
            thereof, of
            any obligation or interest thereon is rescinded or must otherwise be
            restored by
            Party B upon an Event of Default as set forth in Section
            5(a)(vii)
            of the
            Master Agreement affecting Party A or Guarantor.

           

          (f) Guarantor
            hereby waives (i) promptness, diligence, presentment, demand of payment,
            protest, order and, except as set forth in paragraph (a) hereof, notice
            of any
            kind in connection with the Agreement and this Guarantee, or (ii) any
            requirement that Party B exhaust any right to take any action against
            Party A or
            any other person prior to or contemporaneously with proceeding to exercise
            any
            right against Guarantor under this Guarantee.

           

          This
            Guarantee shall be governed by and construed in accordance with the laws
            of the
            State of New York, without reference to choice of law doctrine. All capitalized
            terms not defined in this Guarantee, but defined in the Agreement, shall
            have
            the meanings assigned thereto in the Agreement.

           

          IN
            WITNESS WHEREOF, Guarantor has caused this Guarantee to be executed in
            its
            corporate name by its duly authorized officer as of the date of the
            Agreement.

           

          
            
              	 	
                      LEHMAN
                        BROTHERS HOLDINGS INC.

                    
	 	 	 
	 	
                      By:

                    	 
	 	
                      Name:

                    	 
	 	
                      Title:

                    	 
	 	
                      Date:

                    	 

            

            

              
                
                  
                  

                

                
                  
                  

                  
                    

                  

                

                
                  
                  

                

              

            

             

          

          EXHIBIT
            B to Schedule

           

          [Form
            of
            Opinion of Counsel for Party B]

           

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

           

          EXHIBIT
            C
            to Schedule

          

          [Form
            of
            Opinion of Counsel for

          Lehman
            Brothers Special Financing Inc. and

          Lehman
            Brothers Holdings Inc.]

          June
            29,
            2006

           

          Deutsche
            Bank National Trust Company

          1761
            East
            Saint Andrew Place

          Santa
            Ana, CA 92705

          

          Attention:
            First
            Franklin 2006-FF8 Cap reference: GC06Z

           

          Ladies
            and Gentlemen:

           

          I
            have
            acted as counsel to Lehman Brothers Special Financing Inc., a Delaware
            corporation (“Party A”)
            and
            Lehman Brothers Holdings Inc., a Delaware corporation (“Guarantor”), and am
            familiar with matters pertaining to the execution and delivery of the
            Master
            Agreements (each the “Master Agreements”), each dated as of June 29, 2006
            between Party A and 

           

          (i) DEUTSCHE
            BANK NATIONAL TRUST COMPANY,
            NOT IN
            ITS INDIVIDUAL CAPACITY, BUT SOLELY AS CAP
            TRUSTEE WITH
            RESPECT TO THE CAP TRUST
            RELATING
            TO THE
            FIRST FRANKLIN MORTGAGE LOAN TRUST 2006-FF8, ASSET BACKED CERTIFICATES,
            SERIES
            2006-FF8; 

           

          (ii)
            DEUTSCHE BANK NATIONAL TRUST COMPANY,
            NOT IN
            ITS INDIVIDUAL CAPACITY, BUT SOLELY AS SUPPLEMENTAL
            INTEREST TRUST TRUSTEE WITH RESPECT TO THE SUPPLEMENTAL INTEREST
            TRUST
            RELATING
            TO THE
            FIRST FRANKLIN MORTGAGE LOAN TRUST 2006-FF8, ASSET BACKED CERTIFICATES,
            SERIES
            2006-FF8; and

           

          (iii)
            DEUTSCHE BANK NATIONAL TRUST COMPANY,
            NOT IN
            ITS INDIVIDUAL CAPACITY, BUT SOLELY AS TRUSTEE
            WITH
            RESPECT TO THE FIRST
            FRANKLIN MORTGAGE LOAN TRUST 2006-FF8, ASSET BACKED CERTIFICATES, SERIES
            2006-FF8

           

          and
            the
            guarantees of Guarantor (the “Guarantees”)
            delivered in connection with each of the Master Agreements.

           

          In
            connection with this opinion, I have examined, or have had examined on
            my
            behalf, an executed copy of the Master Agreements and the Guarantees,
            certificates and statements of public officials and officers of Party
 A
            and
            Guarantor and such other agreements, instruments, documents and records
            as I
            have deemed necessary or appropriate for the purposes of this
            opinion.

           

          Except
            as expressly set forth herein, no independent investigation (including,
            without
            limitation, conducting any review, search or investigation of any public
            files,
            records or dockets) has been undertaken to determine the existence or
            absence of
            the facts that are material to my opinions, and no inference as to my
            knowledge
            concerning such facts should be made.

           

          When
            used
            herein the phrase “to my knowledge” means to my actual knowledge without
            independent investigation.

           

          References
            in this letter to “Applicable Laws” are to those laws, rules and regulations of
            the State of New York which, in my experience, are normally applicable
            to
            transactions of the type contemplated by the Master Agreement and the
            Guarantee.
            References in this letter to “Governmental Authorities” are to executive,
            legislative, judicial, administrative or regulatory bodies of the State
            of New
            York. References in this letter to “Governmental Approval” are to any consent,
            approval, license, authorization or validation of, or filing, recording
            or
            registration with, any Governmental Authority pursuant to Applicable
            Laws.

           

          Based
            on
            the foregoing but subject to the assumptions, exceptions, qualifications
            and
            limitations hereinafter expressed, I am of the opinion that:

           

          
            	 	
                    1.

                  	
                    Each
                      of Party A
                      and Guarantor is a corporation duly incorporated, validly existing
                      and in
                      good standing under the laws of the State of
                      Delaware.

                  

          

           

          
            	 	
                    2.

                  	
                    The
                      execution, delivery and performance of each of the Master Agreements
                      in
                      the case of Party  A,
                      and the Guarantees, in the case of Guarantor, are within its
                      corporate
                      power, have been duly authorized by all corporate action and
                      do not
                      conflict with any provision of its certificate of incorporation
                      or
                      by-laws.

                  

          

           

          
            	 	
                    3.

                  	
                    The
                      Master Agreements, in the case of Party A,
                      and the Guarantees, in the case of Guarantor, have been duly
                      executed and
                      delivered and each
                      constitutes
                      a legal, valid and binding obligation, enforceable against
                      it in
                      accordance with its
                      respective terms.

                  

          

           

          
            	 	
                    4.

                  	
                    To
                      the best of my knowledge,
                      no Governmental Approval
                      is
                      required in connection with the execution, delivery and performance
                      of the
                      Master Agreements in the case of Party A,
                      or the Guarantees, in the case of Guarantor,
                      except those that have been obtained and, to my knowledge,
                      are in
                      effect.

                  

          

           

          The
            foregoing opinions are subject to the following assumptions, exceptions,
            qualifications and limitations:

           

          A.          
            My opinion in paragraph 3 above is subject to:
            (i) bankruptcy,
            insolvency, reorganization, receivership, moratorium or similar laws
            affecting
creditors’
            rights
            generally (including, without limitation, the effect of statutory or
            other laws
            regarding fraudulent or other similar transfers or
            conveyances); (ii) general
            principles of equity, regardless of whether enforceability is considered
            in a
            proceeding in equity or at law;
            (iii) laws and considerations of public policy that may limit the
            enforceability of provisions (a) regarding indemnification and contribution
            rights and obligations, (b) regarding the waiver or limitation of rights to
            trial by jury, oral amendments to written agreements or rights of setoff,
            (c) relating to submission to jurisdiction, venue or service of process,
            and (d) purporting to prohibit or restrict, or require the consent of the
“account debtor” (as defined in Section 9-102 of the Uniform Commercial Code as
            in effect in the State of New York (the “NYUCC” )) for, the creation, perfection
            or enforcement of a security interest in “accounts” or “general intangibles” (in
            each case, as defined in Section 9-102 of the NYUCC).

           

          B.            
            I
            am a
            member of the Bar of the State of New York and render no opinion on the
            laws of
            any jurisdiction other than the laws of the State of New York and the
            General
            Corporation Law of the State of Delaware.
            Except as described, I have not examined, or had examined on my behalf,
            and I do
            not express any opinion with respect to, Delaware law.

           

          C.            
            My
            opinions are limited to the present laws and to the facts as they presently
            exist, and no opinion is to be inferred or implied beyond the matters
            expressly
            so stated. I assume no obligation to revise or supplement this opinion
            should
            the present laws of the jurisdictions referred to in paragraph B above
            be
            changed by legislative action, judicial decision or otherwise.

           

          D.           
            This
            letter is rendered solely to you solely
            for your benefit in
            connection with the Master Agreement and the Guarantee and the transactions
            related thereto and may not be relied upon by any other person, entity
            or agency
            or by you in any other context or for any other purpose. This letter
            may not be
circulated,
            used or quoted
            in
            whole or in part, nor may copies thereof be furnished or delivered to
            any other
            person, without the prior written consent of Lehman Brothers Holdings
            Inc.,
            except that you may furnish copies hereof (i)  to
            your
            independent auditors and attorneys, (ii)  to
            any
            United States, state or local authority having jurisdiction over you
            or over
            Party  A
            or
            Guarantor, (iii)  pursuant
            to the order of any legal process of any court of competent jurisdiction
            or any
            governmental agency, and (iv)  in
            connection with any legal action arising out of the Master Agreement
            or the
            Guarantee.

           

          E.            
            I
            have
            assumed with your permission (i)  the
            genuineness of all signatures by each party other than Party  A
            or
            Guarantor, (ii)  the
            authenticity of documents submitted to me as originals and the conformity
            to
            authentic original documents of all documents submitted to me as copies,
            (iii) the
            accuracy of the matters set forth in the documents, agreements and instruments
            I
            reviewed, (iv) that each party other than Party A and Guarantor is duly
            organized, validly existing and in good standing under the laws of its
            jurisdiction of organization, (v)
            the due
            execution and delivery, pursuant to due authorization, of the Master
            Agreement
            by each party other than Party A,
            and (vi) that the Master Agreement is the legal, valid, binding and
            enforceable obligation of each party other than Party A, enforceable
            against each such party in accordance with its terms.

           

          F.            
            My
            opinion in paragraph 3 is subject to the qualification that certain
            provisions contained in the Agreement and the Guarantee may not be enforceable,
            but such unenforceability will not render the Agreement or the Guarantee
            invalid
            as a whole or substantially interfere with the practical realization
            of the
            principal benefits provided thereby.

           

          The
            foregoing opinions are given on the express understanding that the undersigned
            is an officer of Lehman Brothers Inc. and shall in no event incur any
            personal
            liability in connection with said opinions.

           

          Very
            truly yours,

           

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

           

          ISDAÒ

          International
            Swaps and Derivatives Association, Inc.

          

          CREDIT
            SUPPORT ANNEX

          

          to
            the
            Schedule to the 

          Master
            Agreement

          dated
            as
            of June
            29,
            2006

          between

          

          
            	
                    LEHMAN
                      BROTHERS 

                    SPECIAL
                      FINANCING INC.

                  	 	
                    DEUTSCHE
                      BANK NATIONAL TRUST COMPANY, NOT
                      IN ITS INDIVIDUAL CAPACITY, BUT SOLELY AS CAP
                      TRUSTEE WITH
                      RESPECT TO
                      THE CAP TRUST RELATING
                      TO
                      THE FIRST FRANKLIN MORTGAGE LOAN TRUST 2006-FF8, ASSET BACKED
                      CERTIFICATES, SERIES 2006-FF8

                  
	
                    Party
                      A

                  	 	
                    Party
                      B

                  

          

          

          This
            Annex supplements, forms part of, and is subject to, the above-referenced
            Agreement, is part of its Schedule and is a Credit Support Document under
            this
            Agreement with respect to each party.

          

          Accordingly,
            the parties agree as follows:

          

          Paragraph
            1. Interpretation

          

          (a) Definitions
            and Inconsistency. Capitalized
            terms not otherwise defined herein or elsewhere in this Agreement have
            the
            meanings specified pursuant to Paragraph 12, and all references in this
            Annex to
            Paragraphs are to Paragraphs of this Annex. In the event of any inconsistency
            between this Annex and the other provisions of this Schedule, this Annex
            will
            prevail and in the event of any inconsistency between Paragraph 13 and
            the other
            provisions of this Annex, Paragraph 13 will prevail.

          

          (b) Secured
            Party and Pledgor.
            All
            references in this Annex to the “Secured Party” will be to either party when
            acting in that capacity and all corresponding references to the “Pledgor” will
            be to the other party when acting in that capacity; provided,
            however,
            that if
            Other Posted Support is held by a party to this Annex, all references
            herein to
            that party as the Secured Party with respect to that Other Posted Support
            will
            be to that party as the beneficiary thereof and will not subject that
            support or
            that party as the beneficiary thereof to provisions of law generally
            relating to
            security interests and secured parties.

          

          Paragraph
            2. Security Interest

          

          Each
            party, as the Pledgor, hereby pledges to the other party, as the Secured
            Party,
            as security for its Obligations, and grants to the Secured Party a first
            priority continuing security interest in, lien on and right of Set-off
            against
            all Posted Collateral Transferred to or received by the Secured Party
            hereunder.
            Upon the Transfer by the Secured Party to the Pledgor of Posted Collateral,
            the
            security interest and lien granted hereunder on that Posted Collateral
            will be
            released immediately and, to the extent possible, without further action
            by
            either party.

          

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

           

          CREDIT
            SUPPORT ANNEX

          Elections
            and Variables

          dated
            as
            of June
            29,
            2006 between
            

          LEHMAN
            BROTHERS SPECIAL FINANCING INC.

          (hereinafter
            referred to as “Party
            A”
            or
“Pledgor”)

          and
            

          DEUTSCHE
            BANK NATIONAL TRUST COMPANY, NOT
            IN
            ITS INDIVIDUAL CAPACITY, BUT SOLELY AS
            CAP TRUSTEE WITH
            RESPECT TO
            THE CAP TRUST RELATING
            TO
            THE FIRST FRANKLIN MORTGAGE LOAN TRUST 2006-FF8, ASSET BACKED CERTIFICATES,
            SERIES 2006-FF8
            (hereinafter referred to as “Party
            B”
            or
“Secured
            Party”)

           

          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) 

                  

          

           

          
            	 	
                    (B)

                  	
                    “Return
                      Amount”
                      has the meaning specified in Paragraph
                      3(b).

                  

          

           

          
            	 	
                    (C)

                  	
                    "Credit
                      Support Amount"
                      means, for any Valuation Date, an amount equal to the sum of
                      (i) 100.0% of
                      the Secured Party's Exposure for the next Valuation Date and
                      (ii) the
                      product of the Volatility Buffer and the Notional Amount.
                      

                  

          

           

          
            	 	
                    (ii)

                  	
                    Eligible
                      Collateral.
                      At
                      such time as Party A is required to post collateral pursuant
                      to Part
                      1(h)(A) of the Schedule), the following items will qualify
                      as “Eligible
                      Collateral” (together
                      with such other collateral types (and related valuation percentages)
                      with
                      respect to which Rating Agency Confirmation is
                      provided):

                  

          

          
          

           

          
            	 	 	
                    Collateral
                      Type

                  	
                    Valuation

                    Percentage

                  
	 	 	 	 
	 	
                    (A)

                  	
                    cash.

                  	
                    100.0%

                  
	 	 	 	 
	 	
                    (B)

                  	
                    Negotiable
                      debt obligations issued by the U.S. Treasury Department having
                      a maturity
                      at issuance of not more than one year.

                  	
                    98.5%

                  
	 	 	 	 
	 	
                    (C)

                  	
                    Negotiable
                      debt obligations issued by the U.S. Treasury Department having
                      a maturity
                      at issuance of more than one year but not more than ten
                      years.

                  	
                    89.9%

                  
	 	 	 	 
	 	
                    (D)

                  	
                    Negotiable
                      debt obligations issued by the U.S. Treasury Department having
                      a maturity
                      at issuance of more than ten years.

                  	
                    83.9%

                  
	 	 	 	 
	 	
                    (E)

                  	
                    demand
                      and time deposits in, certificates of deposit of, bankers’
                      acceptances payable within 183 days of issuance issued by,
                      or federal
                      funds sold by any U.S. federal or state depository institution
                      or trust
                      company, the commercial paper and/or debt obligations of which
                      (or, in the
                      case of the principal depository institution in a holding company
                      system,
                      the commercial paper or debt obligations of such holding company)
                      at the
                      time of such investment or contractual commitment providing
                      for such
                      investment have a long-term credit rating of “Aaa”
                      by
                      Moody’s
                      and “AAA”
                      by
                      Standard & Poor’s,
                      in the case of long-term debt obligations, or “Prime-1”
                      by
                      Moody’s
                      and “A-1+”
                      by
                      Standard & Poor’s,
                      in the case of commercial paper and short-term obligations;
                      provided, that
                      in the case of commercial paper and short-term debt obligations
                      with a
                      maturity of longer than 91 days, the issuer thereof must also
                      have at the
                      time of such investment a long-term credit rating of “Aaa”
                      by
                      Moody’s
                      and “AAA”
                      by
                      Standard & Poor’s.

                  	
                    98.0%

                  

          

           

          
            	 	
                    (iii)

                  	
                    Other
                      Eligible Support.
                      The following items will qualify as “Other
                      Eligible Support”
                      for the party specified: Not
                      applicable.

                  

          

           

          
            	 	
                    (iv)

                  	
                    Thresholds.

                  

          

           

          
            	 	
                    (A)

                  	
                    “Independent
                      Amount”
                      shall not be applicable with respect to Party A or Party B
                      unless
                      otherwise specified in a
                      Confirmation.

                  

          

           

           

          
            	 	
                    (B)

                  	
                    “Threshold”
                      means, with respect to Party A, zero at any time that (1) Party
                      A (or to
                      the extent applicable, its Credit Support Provider) does not
                      have the
                      required ratings set forth in Part 1(h)(A) of the Schedule
                      from Standard
                      & Poor’s
                      and has failed to transfer its rights and obligations under
                      this Agreement
                      within 30 days of its downgrade or (2) Party A (or to the extent
                      applicable, its Credit Support Provider) does not have the
                      required
                      ratings from Moody’s;
                      otherwise the Threshold shall be
                      unlimited.

                  

          

           

           

          
            	 	
                    (C)

                  	
                    “Minimum
                      Transfer Amount” means,
                      with respect to a party, $100,000. 

                  

          

           

           

          
            	 	
                    (D)

                  	
                    “Rounding”.
                      The
                      Delivery Amount and the Return Amount will be rounded up and
                      down
                      respectively to the nearest integral multiple of
                      $1,000.

                  

          

           

           

          
            	
                    (c)

                  	
                    Valuation
                      and Timing.

                  

          

           

          
            	 	
                    (i)

                  	
                    “Valuation
                      Agent”
                      means 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 commonly accepted third party sources.

                  

          

           

          
            	 	
                    (ii)

                  	
                    “Valuation
                      Date”
                      means, for purposes of each time that Party A is required to
                      post
                      collateral pursuant to Part 1(h)(A) of the Schedule, each Wednesday
                      or, if
                      such day is not a Local Business Day, the next following Local
                      Business
                      Day.

                  

          

           

          
            	 	
                    (iii)

                  	
                    “Valuation
                      Time”
                      means the close of business in the location where the relevant
                      product is
                      traded, provided that the calculations of Value and Exposure
                      will made as
                      of approximately the same time on the same date.
                      

                  

          

           

          
            	
                  	(iv)	
                    “Notification
                      Time”
                      means 3:00 p.m., New York time, on a Local Business Day.   

                  

          

           

          
            	 	
                    (v)

                  	
                    Notice
                      to S&P.
                      At
                      any time while Party A’s Credit Support Provider shall fail to have the
                      Approved Rating Thresholds from S&P, Party A shall provide to S&P
                      not later than the Notification Time on the Local Business
                      Day following
                      each Valuation Date the calculations of Exposure and the Value
                      of any
                      Eligible Credit Support or Posted Credit Support for that Valuation
                      Date.

                  

          

           

          
            	 	
                    (vi)

                  	
                    External
                      Verification.
                      Notwithstanding the definition of Valuation Agent and Valuation
                      Date, at
                      any time while the
                      long-term unsecured debt or counterparty rating of Party A’s Credit
                      Support Provider is not above “BBB”, the
                      calculations of Exposure and the Value of any Eligible Credit
                      Support or
                      Posted Credit Support must be verified by an external mark
                      quarterly. The
                      external mark must be obtained by an independent third party,
                      and cannot
                      be verified by the same entity more than four times in any
                      12-month
                      period. In addition, the external mark-to-market valuations
                      should reflect
                      the higher of two bids from counterparties that would be eligible
                      and
                      willing to provide the swap in the absence of the current provider.
                      The
                      Value of any Eligible Credit Support or Posted Credit Support
                      and Exposure
                      should be based on the greater of the calculations of the Valuation
                      Agent
                      and the external marks, and any deficiencies in Value and Exposure
                      must be
                      cured within three days.

                  

          

           

          
            	
                    (d)

                  	
                    Conditions
                      Precedent and Secured Party’s Rights and Remedies.
                      There will be no Specified Conditions for Party A and Party
                      B.

                  

          

           

          
            	
                    (e)

                  	
                    Substitution 

                  

          

           

          
            	 	
                    (i)

                  	
                    “Substitution
                      Date” has
                      the meaning specified in Paragraph
                      4(d)(ii).

                  

          

           

          
            	 	
                    (ii)

                  	
                    “Consent.”
                      The Pledgor need not obtain the Secured Party’s consent for any
                      substitution pursuant to Paragraph
                      4(d).

                  

          

           

          
            	
                    (f)

                  	
                    Dispute
                      Resolution 

                  

          

           

          
            	 	
                    (i)
                      

                  	
                    “Resolution
                      Time” means
                      1:00 p.m. on the Local Business Day following the date on which
                      notice is
                      given that gives rise to a default.

                  

          

           

          
            	 	
                    (ii)

                  	
                    Value.
                      For the purpose of Paragraph 5(i)c) and 5(ii), the Value of
                      Posted Credit
                      Support other than Cash will be calculated as follows:
                      

                  

          

           

          
            	 	 	
                    With
                      respect to any Eligible Collateral in the form of securities
                      listed in
                      Paragraph 13(b)(ii) (referred to herein as “Collateral Obligations”) the
                      sum of (I)(x) the bid price quoted on such date by a mutually
                      acceptable
                      principal market maker for such Collateral Obligations, or
                      (y) if no such
                      quotation is available from a principal market maker for such
                      date, such
                      bid price as of the day, next preceding such date, on which
                      such quotation
                      was available, in either case multiplied by the applicable
                      Valuation
                      Percentage, plus (II) the accrued interest on such Collateral
                      Obligations
                      (except to the extent Transferred to a party pursuant to any
                      applicable
                      section of this Agreement or included in the applicable price
                      referred to
                      in (I) of this Clause) as of such date.

                  

          

           

          
            	 	
                    (ii)

                  	
                    “Alternative.” 
                      Paragraph 5 will apply.

                  

          

           

          
            	
                    (g)

                  	
                    Holding
                      and Using Posted Collateral.

                  

          

           

          
            	 	
                    (i)

                  	
                    “Eligibility
                      to Hold Posted Collateral; Custodians.”

                  

          

           

          Party
            B
            and or its Custodian will be entitled to hold Posted Collateral pursuant
            to
            Paragraph 6(b), provided
            that the
            following conditions applicable to it are satisfied:

           

          
            	 	
                    (1)

                  	
                    The
                      Custodian is a bank or trust company located in the United
                      States having
                      total assets of at least $250,000,000 and a short term unsecured
                      debt or
                      counterparty rating of “Prime-1”
                      from Moody’s
                      and “A-1”
                      from Standard & Poor’s.

                  

          

           

          Initially,
            the Custodian
            for
            Party B is: The Bank of New York.

           

          
            	 	
                    (ii)

                  	
                    “Use
                      of Posted Collateral”
                      The provisions of Paragraph 6(c) will not apply with respect
                      to the
                      collateral posted by Party A.

                  

          

           

          
            	
                    (h)

                  	
                    Distributions
                      and Interest Amount.

                  

          

           

          
            	 	
                    (i)

                  	
                    “Interest
                      Rate.” The
                      Interest Rate shall be the actual interest rate achieved on
                      Posted
                      Collateral in the form of Cash that is held by Party B’s Custodian. .
                      Party B’s Custodian shall hold Posted Collateral in the form of Cash
                      in
                      such deposit or investment account as specified by Party A
                      to Party B and
                      reasonably acceptable to Party B’s Custodian.

                  

          

           

          
            	 	
                    (ii)

                  	
                    “Transfer
                      of Interest Amount.”
                      The Transfer of the Interest Amount will be made on the first
                      Local
                      Business Day of each calendar month and on any Local Business
                      Day that
                      Posted Collateral in the form of Cash is Transferred to the
                      Pledgor
                      pursuant to Paragraph 3(b).

                  

          

           

          
            	 	
                    (iii)

                  	
                    “Alternative
                      to Interest Amount.”
                      Not applicable.

                  

          

           

          
            	
                    (i)

                  	
                    Additional
                      Representation(s).
                      Not applicable.

                  

          

           

          
            	
                    (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 made by a party to
                      this Annex will
                      be made pursuant to the Notices Section of this
                      Agreement.

                  

          

           

          
            	
                    (l)

                  	
                    Addresses
                      for Transfers.
                      As
                      agreed upon between the parties from time to time.
                      

                  

            	 	 

          

          
            	
                    (m)

                  	
                    Other
                      Provisions.

                  

          

          

          
            	 	
                    (i)

                  	
                     “Volatility
                      Buffer”
                      shall mean the percentage set forth in the following table
                      with respect to
                      any Transaction (other than a Transaction identified in the
                      related
                      Confirmation as a Timing Hedge): 

                  

          

           

          

            
              	
                      The
                        higher of the short-term credit rating of (i) Party A and
                        (ii) the Credit
                        Support Provider of Party A

                    	
                      Remaining
                        Weighted Average Life Maturity up to 3 years

                    	
                      Remaining
                        Weighted Average Life Maturity up to 5 years

                    	
                      Remaining
                        Weighted Average Life Maturity up
                        to 10 years

                    	
                      Remaining
                        Weighted Average Life 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

                    	
                      5.75

                    	
                      7.50

                    

            

             

          

          
            	
                  	
                    (ii)

                  	
                    Agreement
                      as to Single Secured Party and Pledgor.
                      Party A and Party B agree that, notwithstanding anything to
                      the contrary
                      in the recital of this Annex, Paragraph 1(b) or Paragraph 2
                      of the
                      definitions in Paragraph 12, (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 acknowledgment in the final sentence
                      of
                      Paragraph 8(a) and the representations in Paragraph 9 and (d)
                      only Party A
                      will be required to post Eligible Credit Support hereunder.
                      Party A also
                      agrees that it shall pay all costs of transferring Eligible
                      Credit Support
                      required to be delivered by Party A hereunder. 

                  

          

           

          The
            parties executing this Credit Support Annex have executed the Master
            Agreement
            and have agreed as to the contents of this Credit Support Annex.

          

          
            	
                    LEHMAN
                      BROTHERS SPECIAL FINANCING INC.

                  	 	
                    DEUTSCHE
                      BANK NATIONAL TRUST COMPANY, NOT
                      IN ITS INDIVIDUAL CAPACITY, BUT SOLELY AS CAP
                      TRUSTEE WITH
                      RESPECT TO
                      THE CAP TRUST THE
                      FIRST FRANKLIN MORTGAGE LOAN TRUST 2006-FF8, ASSET BACKED CERTIFICATES,
                      SERIES 2006-FF8

                  
	
                    Party
                      A

                  	 	
                    Party
                      B

                  
	
                     

                  	 	
                     

                  
	
                    Name:

                  	 	
                    Name:

                  
	
                    Title:

                  	 	
                    Title:

                  
	
                    Date:

                  	 	
                    Date:

                  

          

           

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

         

        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

                	
                  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.

                	
                  To
                    the extent applicable

                	
                  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.
                    

                	
                  If
                    applicable

                	
                   

                	
                   

                
	
                  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

                
	
                  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

                	
                  X

                
	
                  1122(d)(4)(ii)

                	
                  Pool
                    assets and related documents are safeguarded as required by the
                    transaction agreements 

                	
                   

                	
                  X

                	
                  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

                	
                  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

                	
                  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

                	
                  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

                	
                  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). If the Trustee is indicated below as to any item,
          then
          the Trustee is primarily responsible for obtaining that information.

        

        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 Master 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 life, 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.

                   

                   

                  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

                
	
                  (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

                   

                   

                   

                   

                  Form
                    10-D report: Depositor

                
	
                  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

                  Trustee

                  Issuing
                    entity

                  Master
                    Servicer

                  Originator
                    

                  Custodian

                	
                   

                   

                   

                  Seller

                  Depositor

                  Trustee

                  Trustee

                  Depositor

                  Master
                    Servicer

                  Originator

                  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)

                	
                   

                   

                   

                  N/A

                
	
                  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

                	
                   

                  [TBD]

                  [TBD]

                   

                  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

                	
                  Depositor

                
	
                  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.

                	
                  Depositor

                
	
                  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 Master Servicer

                
	
                  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

                	
                  Depositor

                
	
                  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

                	
                   

                  [TBD]

                  [TBD]

                  Depositor

                
	
                  Seller

                  Depositor

                  Trustee

                  Issuing
                    entity

                  Master
                    Servicer

                  Originator
                    

                  Custodian

                	
                  Seller

                  Depositor

                  Trustee

                  Issuing
                    entity

                  Master
                    Servicer

                  Originator
                    

                  Custodian

                
	
                  Item
                    1119 - Affiliations and relationships between the following entities,
                    or
                    their respective affiliates, that are material to
                    Certificateholders:

                  Seller

                  Depositor

                  Trustee

                  Issuing
                    entity

                  Master
                    Servicer

                  Originator
                    

                  Custodian
                    

                   

                   

                  Credit
                    Enhancer/Support Provider, if any

                  Significant
                    Obligor, if any

                	
                   

                   

                  Seller

                  Depositor

                  Trustee
                    (only
                    with respect to affiliations and relationships with the sponsor,
                    depositor
                    or issuing entity)

                  Issuing
                    Entity

                  Master
                    Servicer

                  Originator
                    

                  Custodian
                    (only with respect to affiliations and relationships with the
                    sponsor,
                    depositor or issuing entity)

                   

                  Depositor

                  Depositor

                
	
                  Item
                    1122 - Assessment of Compliance with Servicing
                    Criteria

                	
                  Each
                    Party participating in the servicing function

                
	
                  Item
                    1123 -Servicer Compliance Statement

                	
                  Master
                    Servicer

                

        

        

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        SCHEDULE
          I

         

        PREPAYMENT
          CHARGE SCHEDULE

         

        Available
          Upon Request

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