Document:

CREDIT SUISSE

                                                                                                        CREDIT SUISSE INTERNATIONAL

                                                                               One Cabot Square,            Telephone 020 7888 8888
                                                                                  London E14 4QJ              www.credit-suisse.com

                                                         Facsimile Cover Sheet

To:                                 Wells  Fargo  Bank,  N.A.,  not in its  individual  capacity  but  solely  as trust  administrator
                                    for Adjustable Rate Mortgage Trust 2006 2

Attention:                          Heakyung Chung, CSIN Marketer

Fax number:                         To be hand delivered by Heakyung Chung

Date:                               28 April 2006

Pages (including cover page):               8

Our Reference No: External ID: 53119272 / Risk ID: 447446348, 447446358

Credit  Suisse  International  has entered  into a  transaction  with you as attached.  Please find  attached a letter  agreement  (the
"Confirmation") which confirms the terms and conditions of the above transaction.

If you agree with the terms specified  therein,  please arrange for the  Confirmation  to be signed by your authorised  signatories and
return a signed copy to this office to the facsimile listed below.

For Interest Rate Products:                                For Equity Derivatives:
Telephone Numbers: (212) 538-9370                          Telephone numbers: (212) 538-4437 / (212) 538-8297 /
Facsimile number: (917) 326-8603                           (212) 325-5119
Email: list.otc-inc-accept-ny@credit-suisse.com            Facsimile number: (212) 325-8173

For Credit Derivatives:
Telephone Numbers: (212) 538-9370
Facsimile number: (917) 326-8603
Email: list.otc-inc-accept-ny@credit-suisse.com

We are delighted to have entered into this transaction with you.

CONFIDENTIALITY  NOTICE:  This  facsimile is intended  only for the use of the  individual  or entity to which it is addressed  and may
contain  information which is privileged and confidential.  If the reader of this message is not the intended  recipient or an employee
or agent  responsible  for  delivering  the  message  to the  intended  recipient,  you are  hereby  notified  that any  dissemination,
distribution or copying of this communication is strictly  prohibited.  If you have received this communication in error, please notify
us immediately by telephone and return the original message to us by mail. Thank you.

                                                                                                             Registered Office as above
                                                                       Registered with unlimited liability in England under No. 2500199
                                                                           Authorised and Regulated by the Financial Services Authority
                                                                                                                 VAT No: GB 447 0737 41

                                                                                                       CREDIT SUISSE INTERNATIONAL

                                                                               One Cabot Square,            Telephone 020 7888 8888
                                                                                  London E14 4QJ              www.credit-suisse.com

                                                                                                                      28 April 2006

Wells Fargo Bank, NA
9062 Old Annapolis Road
Columbia, Maryland  21045
Attn:  Diane TenHoopen
Fax:  410-715-2380

External ID: 53119272

______________________________________________________________________________

Dear Sirs,

The purpose of this letter  agreement  (this  "Confirmation")  is to confirm the terms and conditions of the Swap  Transaction  entered
into  between us on the Trade Date  specified  below (the "Swap  Transaction").  This  Confirmation  constitutes  a  "Confirmation"  as
referred to in the Agreement specified below.

In this Confirmation  "CSIN" means Credit Suisse  International and "Counterparty"  means Wells Fargo Bank, N.A., not in its individual
capacity but solely as trust administrator for Adjustable Rate Mortgage Trust 2006-2.

1.       The  definitions  and  provisions  contained  in the 2000  ISDA  Definitions  (as  published  by the  International  Swaps and
         Derivatives  Association,  Inc.) are incorporated  into this  Confirmation.  In the event of any  inconsistency  between those
         definitions and provisions and this Confirmation, this Confirmation will govern.

         This Confirmation  supplements,  forms part of, and is subject to, the 1992 ISDA Master Agreement dated as of 28 April 2006 as
         amended and supplemented from time to time (the  "Agreement"),  between you and us. All provisions  contained in the Agreement
         govern this Confirmation except as expressly modified below.

         CSIN and  Counterparty  each represents to the other that it has entered into this Swap Transaction in reliance upon such tax,
         accounting, regulatory, legal, and financial advice as it deems necessary and not upon any view expressed by the other.

2.       The terms of the particular Swap Transaction to which this Confirmation relates are as follows:

                  Transaction Type:                    Rate Cap Transaction

                  Notional Amount:                     USD 196,706,000 subject to amortization as set out in the Additional Terms

                  Trade Date:                          26 April 2006

                  Effective Date:                      28 April 2006

                  Termination Date:                    25 April 2011,  subject to adjustment in accordance with the Modified  Following
                                                       Business Day Convention

         Fixed Amounts:

                  Fixed Rate Payer:                    Counterparty

                  Fixed Rate Payer
                  Payment Date:                        28 April 2006,  subject to adjustment in accordance with the Following  Business
                                                       Day Convention

                  Fixed Amount:                        USD 312,000

         Floating Amounts:

                  Floating Amount Payer:               CSIN

                  Floating Rate
                  Period End Dates:                    The  25th  of  each  month,  commencing  on 25  May  2006,  and  ending  on  the
                                                       Termination  Date,  inclusive,  subject to  adjustment  in  accordance  with the
                                                       Following Business Day Convention.

                  Floating Rate
                  Payment Dates:                       One Business Day prior to each Floating Rate Period End Date

                  Cap Rate:                            See Additional Terms

                  Floating Rate Option:                USD-LIBOR-BBA, subject to a maximum rate

                  Maximum Floating Rate:               See Additional Terms

                  Designated Maturity:                 1 month

                  Spread:                              None

                  Floating Rate
                  Day Count Fraction:                  Actual/360

                  Reset Dates:                         The 25th day of each  month,  commencing  on 28 April  2006,  and  ending on the
                                                       Termination Date

                  Compounding:                         Inapplicable

         Business Days:                                New York

         Calculation Agent:                            CSIN

         Account Details:

                  Payments to CSIN:                    As advised separately in writing

                  Payments to Counterparty:            Wells Fargo Bank, N.A.
                                                       San Francisco, CA
                                                       ABA:  121-000-248
                                                       Account Number:  3970771416
                                                       Account Name:  Corporate Trust Clearing
                                                       FFC: 50911301, ARMT 2006-2 Group 6 Interest Rate Cap Account

For the purpose of  facilitating  this  Transaction,  an  Affiliate of CSIN,  which is  organized in the United  States of America (the
"Agent"),  has  acted  as  agent  for  CSIN.  The  Agent  is not a  principal  with  respect  to this  Transaction  and  shall  have no
responsibility or liability to the parties as a principal with respect to this Transaction.

Credit Suisse  International is authorized and regulated by the Financial  Services  Authority and has entered into this transaction as
principal.  The time at which the above transaction was executed will be notified to Counterparty on request.

                                                           ADDITIONAL TERMS

----------------------------------------------------------------------------------------------------------
                                            Notional Amount:           Cap Rate:      Maximum Floating
    Calculation Period up to but                                                            Rate:
             excluding:
----------------------------------------------------------------------------------------------------------
             25-May-2006                   USD 196,706,000.00           6.2800%            9.7770%
----------------------------------------------------------------------------------------------------------
            25-June-2006                   USD 192,159,787.00           6.2800%            9.7760%
----------------------------------------------------------------------------------------------------------
            25-July-2006                   USD 185,788,901.00           6.5254%            9.7750%
----------------------------------------------------------------------------------------------------------
           25-August-2006                  USD 171,169,018.00           6.1852%            9.7720%
----------------------------------------------------------------------------------------------------------
          25-September-2006                USD 166,579,035.00           6.1649%            9.7710%
----------------------------------------------------------------------------------------------------------
           25-October-2006                 USD 162,121,034.00           6.3875%            9.7700%
----------------------------------------------------------------------------------------------------------
          25-November-2006                 USD 147,071,172.00           5.9955%            9.7660%
----------------------------------------------------------------------------------------------------------
          25-December-2006                 USD 144,121,068.00           6.2615%            9.7650%
----------------------------------------------------------------------------------------------------------
           25-January-2007                 USD 141,269,599.00           5.9849%            9.7640%
----------------------------------------------------------------------------------------------------------
          25-February-2007                 USD 138,591,194.00           6.0364%            9.7630%
----------------------------------------------------------------------------------------------------------
            25-March-2007                  USD 135,962,443.00           6.9278%            9.7620%
----------------------------------------------------------------------------------------------------------
            25-April-2007                  USD 133,382,427.00           6.0519%            9.7610%
----------------------------------------------------------------------------------------------------------
             25-May-2007                   USD 130,850,245.00           6.3250%            9.7600%
----------------------------------------------------------------------------------------------------------
            25-June-2007                   USD 128,365,011.00           6.0551%            9.7590%
----------------------------------------------------------------------------------------------------------
                                     ---------------------------------------------------------------------
            25-July-2007                   USD 122,133,931.00           6.2891%            9.7560%
----------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------
           25-August-2007                  USD 119,813,399.00           6.0566%            9.7550%
----------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------
          25-September-2007                USD 117,535,862.00           6.0666%            9.7540%
----------------------------------------------------------------------------------------------------------
                                     ---------------------------------------------------------------------
           25-October-2007                 USD 110,169,976.00           6.3385%            9.7500%
----------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------
          25-November-2007                 USD 108,070,580.00           6.1973%            9.7490%
----------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------
          25-December-2007                 USD 106,010,096.00           6.5073%            9.7480%
----------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------
           25-January-2008                 USD 103,124,920.00           6.2346%            9.7460%
----------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------
          25-February-2008                 USD 94,551,836.00            6.2966%            9.7400%
----------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------
            25-March-2008                  USD 92,741,511.00            7.0306%            9.7390%
----------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------
            25-April-2008                  USD 90,482,990.00            6.3740%            9.7370%
----------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------
             25-May-2008                   USD 88,748,518.00            6.7264%            9.7360%
----------------------------------------------------------------------------------------------------------

----------------------------------------------------------------------------------------------------------
            25-June-2008                   USD 85,488,258.00            6.3654%            9.7330%
----------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------
            25-July-2008                   USD 83,846,215.00            6.7638%            9.7310%
----------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------
           25-August-2008                  USD 82,234,625.00            6.5118%            9.7300%
----------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------
          25-September-2008                USD 80,652,924.00            6.5190%            9.7280%
----------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------
           25-October-2008                 USD 79,100,559.00            6.9448%            9.7270%
----------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------
          25-November-2008                 USD 75,656,354.00            6.7249%            9.7230%
----------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------
          25-December-2008                 USD 69,282,567.00            7.0592%            9.7150%
----------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------
           25-January-2009                 USD 67,942,288.00            6.6748%            9.7130%
----------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------
          25-February-2009                 USD 65,488,811.00            6.7222%            9.7090%
----------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------
            25-March-2009                  USD 61,557,589.00            8.2703%            9.7030%
----------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------
            25-April-2009                  USD 57,575,364.00            6.8623%            9.6950%
----------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------
             25-May-2009                   USD 56,340,047.00            7.3448%            9.6930%
----------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------
            25-June-2009                   USD 56,340,047.00            6.9518%            9.6930%
----------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------
            25-July-2009                   USD 55,337,318.00            7.4629%            9.7140%
----------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------
           25-August-2009                  USD 54,307,610.00            7.0153%            9.7270%
----------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------
          25-September-2009                USD 53,297,000.00            7.0333%            9.7310%
----------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------
           25-October-2009                 USD 52,305,133.00            7.5625%            9.7350%
----------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------
          25-November-2009                 USD 51,331,663.00            7.1387%            9.7370%
----------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------
          25-December-2009                 USD 50,376,250.00            7.7735%            9.7400%
----------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------
           25-January-2010                 USD 49,438,559.00            7.2940%            9.7420%
----------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------
          25-February-2010                 USD 48,518,262.00            7.2939%            9.7420%
----------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------
            25-March-2010                  USD 47,615,038.00            8.8746%            9.7420%
----------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------
            25-April-2010                  USD 46,728,570.00            7.3640%            9.7420%
----------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------
             25-May-2010                   USD 45,858,549.00            7.8559%            9.7420%
----------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------
            25-June-2010                   USD 45,004,669.00            7.3691%            9.7420%
----------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------
            25-July-2010                   USD 44,166,632.00            7.8613%            9.7420%
----------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------
           25-August-2010                  USD 43,151,901.00            7.7939%            9.7420%
----------------------------------------------------------------------------------------------------------

----------------------------------------------------------------------------------------------------------
          25-September-2010                USD 42,348,535.00            7.7861%            9.7420%
----------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------
           25-October-2010                 USD 40,855,760.00            8.3501%            9.7420%
----------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------
          25-November-2010                 USD 38,942,722.00            7.9681%            9.7420%
----------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------
          25-December-2010                 USD 37,185,997.00            8.7672%            9.7420%
----------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------
           25-January-2011                 USD 35,614,290.00            8.2459%            9.7420%
----------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------
          25-February-2011                 USD 29,768,318.00            6.1184%            9.7490%
----------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------
            25-March-2011                   USD 5,566,761.00            8.2558%            9.8080%
----------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------
            25-April-2011                   USD 5,173,498.00            7.0390%            9.4540%
----------------------------------------------------------------------------------------------------------

Please confirm that the foregoing  correctly sets forth the terms of our agreement by executing the copy of this Confirmation  enclosed
for that purpose and returning it to us.

                                                        Yours faithfully,

                                                        Credit Suisse International

                                                         By:_____________________________
                                                            Name:
                                                            Title:

Confirmed as of the date first written above:

Wells Fargo Bank, N.A., not in its individual
capacity but solely as trust administrator for
Adjustable Rate Mortgage Trust 2006 2

By:________________________________
     Name:
     Title:

Our Reference No: External ID:  53119272 / Risk ID: 447446348, 447446358Execution Copy

                                                     Schedule
                                                      to the
                                                 Master Agreement

                                            dated as of April 28, 2006

                                                      between

               Credit Suisse International,               and                   Wells Fargo Bank, N.A.,
            an unlimited company incorporated                               not in its individual capacity
           under the laws of England and Wales                           but solely as trust administrator for
                       ("Party A")                                       Adjustable Rate Mortgage Trust 2006-2
                                                                                      ("Party B")

                                                      Part 1
                                              Termination Provisions

In this Agreement:-

(a)      Specified Entity.  "Specified Entity" shall have no meaning in relation to Party A or Party B.

(b)      Specified Transaction.  Specified Transaction will have the meaning specified in Section 14.

(c)      Certain  Events of  Default.  The  following  Events of  Default  will apply to the  parties as  specified
below, and the definition of "Event of Default" in Section 14 is deemed to be modified accordingly:

         Section 5(a)(i) (Failure To Pay or Deliver) will apply to Party A and will apply to Party B.
         Section 5(a)(ii) (Breach of Agreement) will apply to Party A and will apply to Party B.
         Section 5(a)(iii) (Credit Support Default) will not apply to Party A or Party B.
         Section 5(a)(iv) (Misrepresentation) will apply to Party A and will apply to Party B.
         Section 5(a)(v) (Default Under Specified Transaction) will not apply to Party A or Party B.
         Section 5(a)(vi) (Cross Default) will apply to Party A and will apply to Party B.
         Section 5(a)(vii) (Bankruptcy) will apply to Party A and will apply to Party B.
         Section 5(a)(viii) (Merger Without Assumption) will apply to Party A and will apply to Party B.

(d)      Termination  Events. The "Illegality"  provision of Section 5(b)(i),  the "Tax Event" provision of Section
5(b)(ii),  the "Tax Event Upon Merger"  provision of Section 5(b)(iii) and the "Credit Event Upon Merger" provision
of Section 5(b)(iv) will apply to both Party A and Party B.

(e)      Automatic Early Termination.  The "Automatic Early  Termination"  provision of Section 6(a) will not apply
to Party A or Party B.

                                                          -19-

(f)      Payments on Early  Termination.  For the purpose of Section 6(e),  the Second Method and Market  Quotation
will apply.

(g)      Termination Currency.  "Termination Currency" means United States Dollars.

(h)      Additional Termination Event.

         Each of the  following  shall be an  Additional  Termination  Event  with  respect  to Party B as the sole
         Affected Party:-

         (1)      Termination of Trust.  The  termination of the obligations  and  responsibilities  of the parties
         to the Pooling and Servicing Agreement pursuant to Section 11.01 of the Pooling and Servicing Agreement.

         (2)      Amendment  of Pooling  and  Servicing  Agreement.  Party B shall fail to comply with Part 5(h) of
         this Schedule.

         (3)      Counterparty  Rating Agency  Downgrade.  If Party A no longer has a long-term credit rating of at
         least A (or its  equivalent)  from  at  least  one of the  Rating  Agencies  rating  the  Certificates  (a
         "Counterparty  Rating Agency Downgrade"),  provided that none of the following events shall occur: Party A
         shall, no later than the 30th day following the Counterparty  Rating Agency  Downgrade,  either (1) obtain
         a  substitute  Counterparty  that is a bank or other  financial  institution  that has a long-term  credit
         rating  of at  least  A (or  its  equivalent)  from  at  least  one  of the  Rating  Agencies  rating  the
         Certificates (the "Counterparty Rating  Requirement"),  (2) obtain a guaranty of or a contingent agreement
         of another person with a long-term  credit rating of at least A (or its  equivalent)  from at least one of
         the  Rating  Agencies  rating  the  Certificates  to  honor  Party  A's  obligations  hereunder,  (3) post
         collateral  under the Credit  Support  Annex  attached  hereto and made a part hereof,  or (4) restore its
         long-term  credit  rating  to at least A (or its  equivalent)  from at least  one of the  Rating  Agencies
         rating the  Certificates.  As used herein:  (i) "Moody's" means Moody's  Investors  Service,  Inc., or any
         successor  nationally  recognized  statistical  rating  organization,  (ii) "S&P" means  Standard & Poor's
         Ratings Services, a division of The McGraw-Hill  Companies,  Inc. or any successor  nationally  recognized
         statistical  rating  organization,  (iii)  "Fitch"  means  Fitch  Ratings,  or  any  successor  nationally
         recognized statistical rating organization, and (iv) "Rating Agency" means Moody's, S&P, or Fitch.

                                                          -20-

                                                     Part 2
                                               Tax Representations

(a)      Payer  Tax  Representations.  For the  purpose  of  Section  3(e),  Party A and  Party  B each  makes  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 Section 2(e),  6(d)(ii) or 6(e)) 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);

         (ii)     the  satisfaction  of the agreement of the other party  contained in Section 4(a)(i) or 4(a)(iii)
                  and the  accuracy  and  effectiveness  of any  document  provided by the other party  pursuant to
                  Section 4(a)(i) or 4(a)(iii); and

         (iii)    the satisfaction of the agreement of the other party contained in Section 4(d);

         provided  that it shall not be a breach of this  representation  where  reliance is placed on clause (ii),
         and the other party does not  deliver a form or document  under  Section  4(a)(iii)  by reason of material
         prejudice to its legal or commercial position.

(b)      Payee Tax Representations.  For the purpose of Section 3(f),

(i)      Party A makes the following representation to Party B:

(A)      Party A is entering  into each  Transaction  in the ordinary  course of its trade as, and is, a recognized
                       UK bank as defined in Section 840A of the UK Income and Corporation Taxes Act of 1988.

(B)      Party A has been approved as a Withholding Foreign Partnership by the US Internal Revenue Service.

(C)      Party A's Withholding Foreign Partnership Employer Identification Number is 98-0330001.

(D)      Party A is a partnership  that agrees to comply with any withholding  obligation under Section 1446 of the
                       Internal Revenue Code.

         (ii)     Party B makes no Payee Tax Representations.

                                                          -21-

                                                      Part 3
                                          Agreement to Deliver Documents

Each party agrees to deliver the following documents as applicable:-

(a)      For the purpose of Section 4(a)(i), tax forms, documents or certificates to be delivered are:-

Party required to           Form/Document/            Date by which to be
deliver document            Certificate               delivered

Party A                     U.S. Internal             (i) Before the
                            Revenue Service           first Payment Date
                            Form W-8IMY or any        under this
                            successor forms           Agreement, such
                            thereto                   form to be updated
                                                      at the beginning of
                                                      each succeeding
                                                      three-calendar-year
                                                      period after the
                                                      first payment date
                                                      under this
                                                      Agreement, (ii)
                                                      promptly upon
                                                      reasonable demand
                                                      by Party B, and
                                                      (iii) promptly upon
                                                      learning that any
                                                      such Form
                                                      previously provided
                                                      by Party A has
                                                      become obsolete or
                                                      incorrect.

(b)      For the purpose of Section 4(a)(ii), other documents to be delivered are:-

Party required to           Form/Document/            Date by which to be      Covered by Section
deliver document            Certificate               delivered                3(d) Representation

Party A and                 Evidence reasonably       Upon execution this      Yes
Party B                     satisfactory to the       Agreement and, if
                            other party as to         requested, upon
                            the names, true           execution of any
                            signatures and            Confirmation
                            authority of the
                            officers or
                            officials signing
                            this Agreement or
                            any Confirmation on
                            its behalf

Party A                     A copy of the             Upon request, as         Yes
                            annual report for         soon as publicly
                            such party                available
                            containing audited
                            or certified
                            financial
                            statements for the
                            most recently ended
                            financial year

                                                          -22-

Party A                     An opinion of             Upon execution of        No
                            counsel to such           this Agreement
                            party reasonably
                            satisfactory in
                            form and substance
                            to the other party
                            covering the
                            enforceability of
                            this Agreement
                            against such party

Party B                     All opinions of           Upon execution of        No
                            counsel to Party B        this Agreement
                            and counsel to the
                            Servicer, delivered
                            as of the Closing
                            Date

Party B                     Executed copies of        Upon execution of        No
                            the Pooling and           this Agreement.
                            Servicing Agreement
                            and such other
                            documents as
                            requested by Party
                            A.

Party B                     Monthly Statements,       At such times as         Yes
                            as set forth in           such Monthly
                            Section 4.05 of the       Statements are
                            Pooling and               required to be
                            Servicing Agreement       delivered to the
                                                      Trust Administrator
                                                      pursuant to the
                                                      Pooling  and
                                                      Servicing Agreement

Party B                     Such other                Upon request             No
                            information in
                            connection with the
                            Certificates or the
                            Pooling and
                            Servicing Agreement
                            in the possession
                            of Party B as Party
                            A may reasonably
                            request.

                                                          -23-

Party B                     Any and all               Each (i) the date        No
                            proposed and              of distribution to
                            executed amendments       the Certificates or
                            to the Pooling and        (ii) the date of
                            Servicing Agreement.      execution by Party
                                                      B, as applicable.

                                                          -24-

                                                      Part 4
                                                   Miscellaneous

(a) Addresses for Notices.  For the purpose of Section 12(a):-

Notwithstanding  Section 12 (a) of the  Agreement,  all  notices,  including  those to be given under  Section 5 or
Section 6 of the Agreement, may be given by facsimile transmission or electronic messaging system.

(i) (1)  Address for notices or communications to Party A:-

         Address:    One Cabot Square          Attention:       (1)   Head of Credit Risk Management;
                     London E14 4QJ                             (2)   Global Head of OTC Operations,
                                                                      Operations Department;
                                                                (3)   General Counsel Europe -
                                                                      Legal and Compliance Department

         Swift:      Credit Suisse International CSFP GB2L

    (2)  For the purpose of facsimile notices or communications under this Agreement:-

         Facsimile No.:    +44 (0) 207 888 2686
         Attention:        General Counsel Europe - Legal and Compliance Department

         Telephone number for oral confirmation of receipt of facsimile in legible form:  +44 (0) 207 888 4465
         Designated responsible employee for the purposes of Section 12(a)(iii):  Senior Legal Secretary

         With a copy to:

         Facsimile No. +44 (0) 207 888 3715
         Head of Credit Risk Management

         With a copy to:

         Facsimile No. +44 (0) 207 888 9503
         Global Head of OTC Operations, Operations Department.

(ii)     Address for notices or communications to Party B:-

    Address:               Wells Fargo Bank, N.A., as trust      Attention:       Client Manager, CSMC ARMT 2006-1
                            administrator for Adjustable Rate
                            mortgage Trust 2006-2
                           9062 Old Annapolis Road
                           Columbia, Maryland 21045

    Telephone No.:         (410) 884-2000                        Facsimile No.:   (410) 715-2380

      (For all purposes.)

      With copies to:-

    Address:               Credit Suisse Securities (USA) LLC         Attention:       Peter Sack
                           11 Madison Avenue
                           New York, N.Y.  10010

                                                          -25-

    Telephone No.:         (212) 325-7892                             Facsimile No.:   (212) 742-5181

(b)      Process Agent.  For the purpose of Section 13(c):-

         Party A appoints as its Process Agent:- Credit Suisse Securities (USA) LLC, Eleven Madison Avenue, New
York, NY 10010 (Attention:- General Counsel, Legal and Compliance Department).

         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):-

         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.  Details of any Credit Support Document:

         (i)      With respect to Party B:  the Pooling and Servicing Agreement.

         (ii)     With respect to Party A:  Not Applicable.

(g)      Credit Support Provider.

         Credit Support Provider means in relation to Party A: Not applicable.

         Credit Support Provider means in relation to Party B: Not applicable.

(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.

(i)      Netting of Payments.  Section 2(c)(ii) of this Agreement will not apply to the Transactions.

(j)      Affiliate.  Affiliate  will have the  meaning  specified  in Section  14,  provided  that Party B shall be
deemed to         have no Affiliates.

                                                          -26-

                                                      Part 5
                                                 Other Provisions

(a)      Definitions.  Unless otherwise  specified in a Confirmation,  this Agreement and each Transaction  between
the parties are subject to the 2000 ISDA  Definitions  as  published  by the  International  Swaps and  Derivatives
Association,  Inc. (the "2000  Definitions"),  and will be governed in all relevant  respects by the provisions set
forth in the 2000  Definitions,  without  regard to any  amendment to the 2000  Definitions  subsequent to the date
hereof.  The  provisions of the 2000  Definitions  are  incorporated  by reference in and shall be deemed a part of
this Agreement,  except that references in the 2000 Definitions to a "Swap  Transaction" shall be deemed references
to a "Transaction" for purposes of this Agreement.

(b)      Pooling and Servicing  Agreement.  This  Agreement is the Pooling and Servicing  Agreement  between Credit
Suisse First Boston Mortgage  Securities Corp., as Depositor,  DLJ Mortgage Capital,  Inc., as Seller,  Wells Fargo
Bank, N.A., as Master Servicer,  Servicer,  Back-Up Servicer and Trust  Administrator,  Select Portfolio  Servicing
Inc.,  as Servicer and Special  Servicer,  Greenpoint  Mortgage  Funding,  Inc., as Servicer and U.S. Bank National
Association, as Trustee, dated as of April 1, 2006, as amended from time to time.

(c)      Independent  Reliance.  The parties  agree to amend  Section 3 of this  Agreement  by the  addition of the
following provision at the end thereof and marked as subsection (g).

         "(g)     Independent  Reliance.  Party A is  entering  into  this  Agreement  and  will  enter  into  each
                  Transaction in reliance upon such tax,  accounting,  regulatory,  legal,  and financial advice as
                  it deems  necessary  and not upon any view  expressed  by the other  party.  Party B is  entering
                  into this  Agreement and will enter into each  Transaction  in reliance upon the direction of the
                  Depositor and not upon any view expressed by the other party."

(d)      Change of Account.  Section  2(b) of this  Agreement is hereby  amended by the  addition of the  following
after the word "delivery" in the first line thereof:-

         "to another account in the same legal and tax jurisdiction as the original account"

(e)      Escrow  Payments.  If (whether by reason of the time  difference  between the cities in which payments are
to be made or  otherwise)  it is not  possible  for  simultaneous  payments  to be made on any date on  which  both
parties are required to make payments  hereunder,  either party may at its option and in its sole discretion notify
the other  party that  payments  on that date are to be made in escrow.  In this case  deposit of the  payment  due
earlier on that date shall be made by 2.00 pm (local time at the place for the  earlier  payment) on that date with
an escrow agent selected by the notifying  party,  accompanied by irrevocable  payment  instructions (i) to release
the deposited  payment to the intended  recipient  upon receipt by the escrow agent of the required  deposit of the
corresponding  payment from the other party on the same date  accompanied by irrevocable  payment  instructions  to
the same effect or (ii) if the  required  deposit of the  corresponding  payment is not made on that same date,  to
return the payment  deposited to the party that paid it into escrow.  The party that elects to have  payments  made
in escrow shall pay all costs of the escrow arrangements.

(f)      Recording of  Conversations.  Each party to this Agreement  acknowledges  and agrees to the tape recording
of  conversations  between  the parties to this  Agreement  whether by one or other or both of the parties and each
party hereby consents to such recordings being used as evidence in Proceedings.

(g)      Waiver of Right to Trial by Jury.  Each party waives,  to the fullest extent  permitted by applicable law,
any right it may have to a trial by jury in respect of any suit,  action or proceeding  relating to this  Agreement
or any Credit Support  Document.  Each party (i) certifies that no  representative,  agent or attorney of the other
party or any Credit Support Provider has represented,  expressly or otherwise,  that such other party would not, in
the event of such a suit action or proceeding,  seek to enforce the foregoing waiver and (ii)  acknowledges that it
and the other party have been induced to enter into this  Agreement  and provide for any Credit  Support  Document,
as applicable by, among other things, the mutual waivers and certifications in this Section.

                                                          -27-

(h)      Pooling and Servicing Agreement.

         (1)      Capitalized  terms used in this  Agreement  that are not  defined  herein and are  defined in the
         Pooling and Servicing  Agreement  shall have the respective  meanings  assigned to them in the Pooling and
         Servicing Agreement.

         (2)      Notwithstanding  any other provision of this Agreement,  Party A may not, prior to the date which
         is one year and one day, or if longer the applicable  preference period then in effect,  after the payment
         in full of all  Certificates,  institute  against,  or join any other Person in instituting  against,  the
         Trust any bankruptcy,  reorganization,  arrangement, insolvency, moratorium or liquidation proceedings, or
         other  proceedings  under Federal,  State, or bankruptcy or similar laws.  Nothing shall  preclude,  or be
         deemed to stop,  Party A (i) from taking any action  prior to the  expiration  of the  aforementioned  one
         year and one day period,  or if longer the applicable  preference  period then in effect,  in (A) any case
         or proceeding  voluntarily  filed or commenced by the Trust or (B) any involuntary  insolvency  proceeding
         filed or  commenced by a Person  other than Party A, or (ii) from  commencing  against the Trust or any of
         the  Collateral  any legal  action which is not a  bankruptcy,  reorganization,  arrangement,  insolvency,
         moratorium,  liquidation or similar  proceeding.  Party A further  acknowledges that Party B's obligations
         hereunder  shall be solely the  obligations  of the Trust and that recourse in respect of any  obligations
         of Party B  hereunder  will be limited to assets of the Trust as applied in  accordance  with the terms of
         the Pooling and Servicing  Agreement and, on exhaustion  thereof,  all claims against Party B arising from
         this Agreement or contemplated hereby shall be extinguished.

         (3)      Party B will  provide  at  least  30  days'  prior  written  notice  to  Party A of any  proposed
         amendment or modification to the Pooling and Servicing Agreement.

(i)      Amendment of the Pooling and Servicing  Agreement.  Party B will not,  without the prior  written  consent
of Party A, consent to any amendment,  supplement or other modification of the Pooling and Servicing Agreement,  in
each case as solely  determined by Party A, in a manner that would (i)  adversely  affect the ability of Party B to
perform,  timely and fully,  its obligations  under this Agreement,  (ii) affect or change the rights of Party A or
the  benefits  accorded to Party A under the Pooling and  Servicing  Agreement or this  Agreement,  (iii) affect or
change the  obligations  of Party A under this  Agreement  or (iv)  modify the  meaning of any term used herein and
defined in the Pooling and  Servicing  Agreement  or any  component  thereof.  Any such  amendment,  supplement  or
modification without such consent of Party A shall not be binding on Party A.

(j)      Transfer.  Section 7 is hereby amended to read in its entirety as follows:

Except as stated  under  Section  6(b)(ii),  in this Section 7, and Part 5(i) of the  Schedule,  and except for the
assignment  by way of security in favor of the Party B under the Pooling and Servicing  Agreement,  neither Party A
nor Party B is permitted to assign,  novate or transfer  (whether by way of security or otherwise) as a whole or in
part any of its  rights,  obligations  or  interests  under this  Agreement  or any  Transaction  without the prior
written  consent  of the  other  party;  provided,  however,  that (i)  Party A may make  such a  transfer  of this
Agreement  pursuant to a consolidation  or amalgamation  with, or merger with or into, or transfer of substantially
all of its assets to, another entity,  or an incorporation,  reincorporation  or  reconstitution,  and (ii) Party A
may transfer this Agreement to any Person,  including,  without limitation,  another of Party A's offices, branches
or affiliates  (any such Person,  office,  branch or affiliate,  a  "Transferee")  on at least five Business  Days'
prior written  notice to Party B; provided  that,  with respect to clause (ii), (A) as of the date of such transfer
the  Transferee  will not be  required  to  withhold  or deduct on  account of a Tax from any  payments  under this
Agreement  unless the  Transferee  will be required  to make  payments of  additional  amounts  pursuant to Section
2(d)(i)(4)  of this  Agreement  in respect of such Tax (B) a  Termination  Event or Event of Default does not occur
under  this  Agreement  as a result of such  transfer;  (C) such  notice  is  accompanied  by a written  instrument
pursuant to which the Transferee  acquires and assumes the rights and  obligations of Party A so  transferred;  and
(D) Party A will be  responsible  for any costs or expenses  incurred in  connection  with such  transfer.  Party B
will execute such  documentation  as is reasonably  deemed  necessary by Party A for the  effectuation  of any such
transfer.

Except as specified  otherwise in the  documentation  evidencing a transfer,  a transfer of all the  obligations of
Party A made in compliance  with this Section 7 will  constitute an acceptance and  assumption of such  obligations
(and any related  interests so  transferred)  by the  Transferee,  a novation of the transferee in place of Party A
with respect to such obligations (and any related  interests so transferred),  and a release and discharge by Party
B of Party A from, and an agreement by Party B not to make any claim for payment,  liability,  or otherwise against
Party A with respect to, such obligations from and after the effective date of the transfer.

                                                          -28-

In addition,  Party A may transfer this Agreement without the prior consent of the Trust  Administrator,  on behalf
of Party B, to an affiliate that satisfies the  Counterparty  Rating  Requirement or that has furnished a guarantee
of the obligations under this Agreement from a guarantor that that satisfies the Counterparty Rating Requirement.

(k)      Notice of  Certain  Events or  Circumstances.  Each party  agrees,  upon  learning  of the  occurrence  or
existence  of any event or  condition  that  constitutes  (or that with the  giving of notice or passage of time or
both would  constitute) an Event of Default or Termination  Event with respect to such party,  promptly to give the
other party  notice of such event or  condition  (or, in lieu of giving  notice of such event or  condition  in the
case of an event or condition  that with the giving of notice or passage of time or both would  constitute an Event
of Default or  Termination  Event with  respect to the party,  to cause such event or  condition  to cease to exist
before  becoming an Event of Default or Termination  Event);  provided that failure to provide notice of such event
or condition pursuant to this Part 5(j) shall not constitute an Event of Default or a Termination Event.

(l)      Regarding  Party A. Party B  acknowledges  and agrees that Party A has had and will have no involvement in
and,  accordingly Party A accepts no responsibility for: (i) the establishment,  structure,  or choice of assets of
the Trust;  (ii) the selection of any person  performing  services for or acting on behalf of Party B or the Trust;
(iii) the selection of Party A as the Counterparty;  (iv) the terms of the Certificates;  (v) the preparation of or
passing on the  disclosure  and other  information  contained in any offering  circular for the  Certificates,  the
Pooling and Servicing  Agreement,  or any other  agreements or documents  used by any party in connection  with the
marketing and sale of the Certificates;  (vi) the ongoing  operations and  administration  of the Trust,  including
the furnishing of any  information to Party B which is not  specifically  required under this  Agreement;  or (vii)
any other aspect of the Trust's existence.

(m)      Commodity  Exchange  Act.  Each party  represents  to the other  party on and as of the date hereof and on
each date on which a Transaction is entered into among them that:

(i)      such party is an  "eligible  contract  participant"  as defined in the U.S.  Commodity  Exchange  Act (the
                  "CEA");

(ii)     neither this  Agreement nor any  Transaction  has been executed or traded on a "trading  facility" as such
                  term is defined in the CEA; and

(iii)    such party is entering into each  Transaction  in  connection  with its business or a line of business and
                  the terms of this Agreement and each Transaction have been individually tailored and negotiated.

(n)      Trust  Administrator.  It is  expressly  understood  and  agreed  by the  parties  hereto  that  (i)  this
Agreement is executed and delivered by Wells Fargo Bank (the Trust  Administrator)  not  individually or personally
but solely as trust  administrator for Adjustable Rate Mortgage Trust 2006-2 (the "Trust"),  in the exercise of the
powers and authority conferred and vested in it under the PSA, (ii) each of the  representations,  undertakings and
agreements  herein  made  on the  part  of the  Trust  is  made  and  intended  not  as  personal  representations,
undertakings  and  agreements by the Trust  Administrator  but is made and intended for the purpose of binding only
the Trust,  (iii) nothing  herein  contained  shall be construed as creating any liability on the part of the Trust
Administrator,  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 (iv) under no  circumstances  shall the Trust  Administrator  be personally  liable
for the  payment  of any  indebtedness  or  expenses  of the Trust or be liable  for the  breach or  failure of any
obligation,  representation,  warranty or covenant  made or  undertaken  by the Trust under this  Agreement  or any
other related  documents as to all of which  recourse  shall be had solely to the assets of the Trust in accordance
with the terms of the PSA.

                                                          -29-

IN WITNESS  WHEREOF,  the parties have executed this Schedule by their duly  authorized  representatives  as of the
date of the Agreement.

               CREDIT SUISSE INTERNATIONAL                                 WELLS FARGO BANK, N.A.,
                                                                        NOT IN ITS INDIVIDUAL CAPACITY
                                                                      BUT SOLELY AS TRUST ADMINISTRATOR
                                                                         FOR ADJUSTABLE RATE MORTGAGE
                                                                                TRUST 2006- 2

     By:_________________________________
     Name:
     Title:                                                     By:______________________________________
                                                                Name:
                                                                Title:

     By:_________________________________
     Name:
     Title:

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