Document:

WACHOVIA MORTGAGE LOAN TRUST, LLC,

                                                   as Depositor,

                                          U.S. BANK NATIONAL ASSOCIATION,

                                 as Master Servicer and Certificate Administrator,

   NATIONAL CITY MORTGAGE CO., FIFTH THIRD MORTGAGE COMPANY, SUNTRUST MORTGAGE, INC. AND WELLS FARGO BANK, N.A.

                                                   as Servicers,

                                                        and

                                       HSBC BANK USA, NATIONAL ASSOCIATION,

                                                    as Trustee

                                          POOLING AND SERVICING AGREEMENT

                                               Dated March 27, 2007

                                              _______________________

                                        Mortgage Pass-Through Certificates

                                                   Series 2007-A

ARTICLE I             DEFINITIONS................................................................................4

         Section 1.01          Defined Terms.....................................................................4

         Section 1.02          Interest Calculations............................................................37

ARTICLE II            CONVEYANCE OF MORTGAGE LOANS; ORIGINAL ISSUANCE OF CERTIFICATES...........................37

         Section 2.01          Conveyance of Mortgage Loans.....................................................37

         Section 2.02          Acceptance by the Custodian of the Mortgage Loans................................41

         Section 2.03          Representations, Warranties and Covenants of the Master Servicer and the
                               Servicers........................................................................43

         Section 2.04          Assignment of Interest in the Mortgage Loan Purchase Agreement; Depositor
                               Representations and Warranties...................................................49

         Section 2.05          Intent of Parties and Protection of Title........................................51

         Section 2.06          Designation of Interests in the REMIC............................................53

         Section 2.07          Designation of Start-up Day......................................................53

         Section 2.08          REMIC Certificate Maturity Date..................................................53

         Section 2.09          Execution and Delivery of Certificates...........................................53

ARTICLE III           ADMINISTRATION AND SERVICING OF MORTGAGE LOANS............................................54

         Section 3.01          Servicers to Service Mortgage Loans..............................................54

         Section 3.02          Subservicing and Subcontracting; Enforcement of the Obligations of
                               Servicers........................................................................55

         Section 3.03          Fidelity Bond; Errors and Omissions Insurance....................................57

         Section 3.04          Access to Certain Documentation..................................................57

         Section 3.05          Maintenance of Primary Insurance Policy; Claims..................................57

         Section 3.06          Rights of the Depositor and Others in Respect of the Servicers...................58

         Section 3.07          [Reserved].......................................................................59

         Section 3.08          Collection of Mortgage Loan Payments; Servicer Custodial Accounts;
                               Collection Account; Certificate Account; and Upper-Tier Certificate
                               Account..........................................................................59

         Section 3.09          Collection of Taxes, Assessments and Similar Items; Escrow Accounts..............63

         Section 3.10          Access to Certain Documentation and Information Regarding the Mortgage
                               Loans............................................................................64

                                                             -i-

         Section 3.11          Permitted Withdrawals from the Servicer Custodial Accounts, Collection
                               Account, Certificate Account and Upper-Tier Certificate Account..................65

         Section 3.12          Maintenance of Hazard Insurance..................................................68

         Section 3.13          Enforcement of Due-On-Sale Clauses; Assumption Agreements........................68

         Section 3.14          Realization Upon Defaulted Mortgage Loans; REO Property..........................68

         Section 3.15          Custodian to Cooperate; Release of Mortgage Files................................71

         Section 3.16          Documents, Records and Funds in Possession of the Master Servicer and
                               Servicers to be Held for the Trustee.............................................72

         Section 3.17          Servicing and Master Servicing Compensation......................................72

         Section 3.18          [Reserved].......................................................................73

         Section 3.19          [Reserved].......................................................................73

         Section 3.20          Advances.........................................................................73

         Section 3.21          Modifications, Waivers, Amendments and Consents..................................74

         Section 3.22          [Reserved].......................................................................75

         Section 3.23          [Reserved].......................................................................75

         Section 3.24          Master Servicer..................................................................75

         Section 3.25          Monitoring of Servicers..........................................................76

         Section 3.26          Power to Act; Procedures.........................................................77

ARTICLE IV            SERVICER'S MONTHLY REPORTS................................................................78

         Section 4.01          Servicer's Monthly Reports.......................................................78

ARTICLE V             PAYMENTS AND STATEMENTS TO CERTIFICATEHOLDERS;  REMIC ADMINISTRATION......................78

         Section 5.01          Distributions....................................................................78

         Section 5.02          Priorities of Distributions......................................................79

         Section 5.03          Allocation of Losses.............................................................83

         Section 5.04          Statements to Certificateholders.................................................85

         Section 5.05          Tax Returns and Reports to Certificateholders....................................88

         Section 5.06          Tax Matters Person...............................................................89

         Section 5.07          Rights of the Tax Matters Person in Respect of the Certificate
                               Administrator....................................................................89

                                                             -ii-

         Section 5.08          REMIC Related Covenants..........................................................89

ARTICLE VI            THE CERTIFICATES..........................................................................90

         Section 6.01          The Certificates.................................................................90

         Section 6.02          Registration of Transfer and Exchange of Certificates............................91

         Section 6.03          Mutilated, Destroyed, Lost or Stolen Certificates................................96

         Section 6.04          Persons Deemed Owners............................................................96

ARTICLE VII           THE DEPOSITOR, THE MASTER SERVICER AND THE SERVICERS......................................97

         Section 7.01          Respective Liabilities of the Depositor, the Master Servicer and the
                               Servicers........................................................................97

         Section 7.02          Merger or Consolidation of the Depositor, the Master Servicer or a
                               Servicer.........................................................................97

         Section 7.03          Limitation on Liability of the Depositor, the Master Servicer, the
                               Servicers and Others; Liability of Master Servicer and Servicers.................97

         Section 7.04          Depositor, Master Servicer and Servicers Not to Resign...........................99

         Section 7.05          Successor Master Servicer........................................................99

         Section 7.06          Sale and Assignment of Master Servicing.........................................100

ARTICLE VIII          DEFAULT..................................................................................101

         Section 8.01          Events of Default...............................................................101

         Section 8.02          Remedies of Trustee.............................................................104

         Section 8.03          Directions by Certificateholders and Duties of Trustee During Event of
                               Default.........................................................................104

         Section 8.04          Action upon Certain Failures of the Master Servicer or a Servicer and
                               upon Event of Default...........................................................105

         Section 8.05          Trustee and Master Servicer to Act; Appointment of Successors...................105

         Section 8.06          Notification to Certificateholders..............................................107

ARTICLE IX            THE TRUSTEE AND CERTIFICATE ADMINISTRATOR................................................107

         Section 9.01          Duties of Trustee and the Certificate Administrator.............................107

         Section 9.02          Certain Matters Affecting the Trustee and Certificate Administrator.............110

                                                             -iii-

         Section 9.03          Neither Trustee nor Certificate Administrator Liable for Certificates or
                               Mortgage Loans..................................................................112

         Section 9.04          Trustee and Certificate Administrator May Own Certificates......................113

         Section 9.05          Eligibility Requirements for Trustee, Certificate Administrator.................113

         Section 9.06          Resignation and Removal of Trustee and the Certificate Administrator............113

         Section 9.07          Successor Trustee or Certificate Administrator..................................115

         Section 9.08          Merger or Consolidation of Trustee or the Certificate Administrator.............115

         Section 9.09          Appointment of Co-Trustee or Separate Trustee...................................115

         Section 9.10          Authenticating Agents...........................................................116

         Section 9.11          Trustee's Fees and Expenses and Certificate Administrator's Fees and
                               Expenses........................................................................117

         Section 9.12          [Reserved]......................................................................118

         Section 9.13          [Reserved]......................................................................118

         Section 9.14          Limitation of Liability.........................................................118

         Section 9.15          Trustee May Enforce Claims Without Possession of Certificates...................118

         Section 9.16          Suits for Enforcement...........................................................118

         Section 9.17          Waiver of Bond Requirement......................................................119

         Section 9.18          Waiver of Inventory, Accounting and Appraisal Requirement.......................119

ARTICLE X             TERMINATION..............................................................................119

         Section 10.01         Termination upon Purchase by the Master Servicer or Liquidation of All
                               Mortgage Loans..................................................................119

         Section 10.02         Additional Termination Requirements.............................................121

ARTICLE XI            MISCELLANEOUS PROVISIONS.................................................................121

         Section 11.01         Amendment.......................................................................121

         Section 11.02         Recordation of Agreement........................................................123

         Section 11.03         Limitation on Rights of Certificateholders......................................123

         Section 11.04         Governing Law...................................................................124

         Section 11.05         Notices.........................................................................124

         Section 11.06         Severability of Provisions......................................................125

                                                             -iv-

         Section 11.07         Certificates Nonassessable and Fully Paid.......................................125

         Section 11.08         Access to List of Certificateholders............................................125

ARTICLE XII           1934 ACT REPORTING.......................................................................125

         Section 12.01         Commission Reporting............................................................125

         Section 12.02         Form 10-D Reporting.............................................................127

         Section 12.03         Form 10-K Reporting.............................................................129

         Section 12.04         Form 8-K Reporting..............................................................130

         Section 12.05         Delisting; Amendment; Late Filing of Reports....................................131

         Section 12.06         Annual Statements of Compliance.................................................132

         Section 12.07         Annual Assessments of Compliance................................................132

         Section 12.08         Accountant's Attestation........................................................134

         Section 12.09         Sarbanes-Oxley Certification....................................................135

         Section 12.10         Indemnification.................................................................135

                                                             -v-

APPENDICES

Appendix 1                 Calculation of Uncertificated Lower-Tier Regular Interest Y Principal  Reduction
                           Amounts

EXHIBITS

Exhibit A-1                Form of Class A Certificate
Exhibit A-2                Form of Class 1-A-R Certificate
Exhibit B                  Form of Class B-1, Class B-2 and Class B-3 Certificate
Exhibit C                  Form of Class B-4, Class B-5 and Class B-6 Certificate
Exhibit D-1                Mortgage Loan Schedule (Loan Group 1)
Exhibit D-2                Mortgage Loan Schedule (Loan Group 2)
Exhibit D-3                Mortgage Loan Schedule (Loan Group 3)
Exhibit D-4                Mortgage Loan Schedule (Loan Group 4)
Exhibit E                  Form of Request for Release of Documents
Exhibit F                  Form of Certification of Establishment of Account
Exhibit G-1                Form of Transferor's Certificate
Exhibit G-2A               Form 1 of Transferee's Certificate
Exhibit G-2B               Form 2 of Transferee's Certificate
Exhibit H                  Form of Transferee Representation Letter
                           for ERISA Restricted Certificates
Exhibit I-1                Form of Affidavit Regarding Transfer of Residual Certificates
Exhibit I-2                Form of Transferor Certificate Regarding Transfer of Residual Certificates
Exhibit J                  [Reserved]
Exhibit K                  [Reserved]
Exhibit L                  [Reserved]
Exhibit M                  Form of Lost Note Affidavit
Exhibit N                  Form of Custodial Agreement
Exhibit O                  Form of Initial Certification
Exhibit P                  Form of Final Certification
Exhibit Q                  Form of 10-K Certification
Exhibit R                  Relevant Servicing Criteria
Exhibit S                  Additional Form 10-D Disclosure
Exhibit T                  Form of Distribution Date Statement
Exhibit U                  Additional Disclosure Notification
Exhibit V                  Additional Form 10-K Disclosure
Exhibit W                  Form 8-K Disclosure Information

                                                             -vi-

                                          POOLING AND SERVICING AGREEMENT

         THIS POOLING AND  SERVICING  AGREEMENT,  DATED MARCH 27, 2007,  IS HEREBY  EXECUTED BY AND AMONG  WACHOVIA
MORTGAGE LOAN TRUST,  LLC, AS DEPOSITOR,  U.S. BANK NATIONAL  ASSOCIATION  ("U.S.  BANK"),  AS MASTER  SERVICER AND
CERTIFICATE  ADMINISTRATOR,  NATIONAL CITY MORTGAGE CO.  ("NATIONAL  CITY"),  AS A SERVICER,  FIFTH THIRD  MORTGAGE
COMPANY ("FIFTH THIRD"), AS A SERVICER,  SUNTRUST MORTGAGE,  INC.  ("SUNTRUST"),  AS A SERVICER,  WELLS FARGO BANK,
N.A. ("WELLS FARGO"), AS A SERVICER, AND HSBC BANK USA, NATIONAL ASSOCIATION, AS TRUSTEE.

                                           W I T N E S S E T H  T H A T:

         In  consideration of the mutual  agreements  herein  contained,  the Depositor,  the Master Servicer,  the
Servicers, the Certificate Administrator and the Trustee agree as follows:

                                               PRELIMINARY STATEMENT

         In exchange for the  Certificates,  the  Depositor  will convey the Trust Estate to the Trustee and create
the Trust.

                                                 Lower-Tier REMIC

         As provided  herein,  the Certificate  Administrator,  on behalf of the Trustee,  will make an election to
treat the entire  segregated  pool of assets  described in the  definition of Trust Estate  (including the Mortgage
Loans),  and  subject to this  Agreement,  as a real estate  mortgage  investment  conduit (a "REMIC")  for federal
income tax purposes and such segregated pool of assets will be designated as the  "Lower-Tier  REMIC."  Component I
of the Class  1-A-R  Certificates  will  represent  ownership  of the sole  class of  "residual  interests"  in the
Lower-Tier REMIC for purposes of the REMIC Provisions (as defined herein).

         The following table irrevocably sets forth the designation,  Uncertificated  Pass-Through Rate and initial
Uncertificated  Principal Balance for each of the "regular interests" in the Lower-Tier REMIC (the "Uncertificated
Lower-Tier  Regular  Interests") and the designation,  Pass-Through Rate and initial Class  Certificate  Balance of
Component I of the Class 1-A-R  Certificates.  None of the  Uncertificated  Lower-Tier  Regular  Interests  will be
certificated.  Solely for purposes of  satisfying  Treasury  regulation  Section  1.860G-1(a)(4)(iii),  the "latest
possible maturity date" for each of the  Uncertificated  Lower-Tier  Regular Interests and Component I of the Class
1-A-R Certificates shall be the REMIC Certificate Maturity Date.

                                                             1

________________________________________________________________________________________________________________
        Designation                (or Pass-Through Rate)             Principal Balance (or Initial Class
                                                                              Certificate Balance)
________________________________________________________________________________________________________________
            Y-1                          Variable(1)                                                 $21,975.47
________________________________________________________________________________________________________________
            Y-2                          Variable(1)                                                 $70,012.17
________________________________________________________________________________________________________________
            Y-3                          Variable(1)                                                 $40,698.36
________________________________________________________________________________________________________________
            Y-4                          Variable(1)                                                 $13,677.67
________________________________________________________________________________________________________________
            Z-1                          Variable(1)                                             $43,934,763.22
________________________________________________________________________________________________________________
            Z-2                          Variable(1)                                            $139,972,816.71
________________________________________________________________________________________________________________
            Z-3                          Variable(1)                                             $81,356,021.30
________________________________________________________________________________________________________________
            Z-4                          Variable(1)                                             $27,341,653.83
________________________________________________________________________________________________________________
  Component I of the Class               Variable(2)                                                    $100.00
           1-A-R
________________________________________________________________________________________________________________

(1) Calculated in accordance with the definition of "Uncertificated Pass-Through Rate" herein.

(2) For each  Distribution  Date,  interest  will accrue on  Component I of the Class 1-A-R  Certificates  at a per
annum rate equal to the Net WAC for the Group 1 Mortgage Loans.

                                                 Upper-Tier REMIC

                  A segregated pool of assets consisting of the  Uncertificated  Lower-Tier  Regular Interests will
be designated as the "Upper-Tier REMIC" and the Certificate  Administrator,  on behalf of the Trustee,  will make a
separate REMIC election with respect thereto.  Each of the Certificates  (other than the Class 1-A-R  Certificates)
will be "regular  interests" in the Upper-Tier REMIC (referred to collectively as the "Regular  Certificates")  and
Component II of the Class 1-A-R  Certificates  will represent  ownership of the sole class of "residual  interests"
in the  Upper-Tier  REMIC for  purposes  of the REMIC  Provisions.  Solely  for  purposes  of  satisfying  Treasury
regulation Section  1.860G-1(a)(4)(iii),  the "latest possible maturity date," for each of the Regular Certificates
and Component II of the Class 1-A-R  Certificates  shall be the REMIC  Certificate  Maturity Date. The Certificates
and the  Uncertificated  Lower-Tier  Regular Interests will represent the entire beneficial  ownership  interest in
the Trust.

                  The following table sets forth  characteristics  of the  Certificates,  together with the minimum
denominations  and integral  multiples  in excess  thereof in which the Classes of  Certificates  shall be issuable
(except that one  Certificate  of each Class of  Certificates  may be issued in any amount in excess of the minimum
denomination):

                                                             2

________________________________________________________________________________________________________________                                                                                         In Excess
Classes                Certificate Balance        Rate              Denomination         Of Minimum
________________________________________________________________________________________________________________
Class 1-A-1                       $40,439,000.00  (1)               $ 10,000             $1
________________________________________________________________________________________________________________
Class 1-A-2                        $1,759,000.00  (1)               $ 10,000             $1
________________________________________________________________________________________________________________
Component II of                            $0.00  (1)               (6)                  N/A
Class 1-A-R
________________________________________________________________________________________________________________
Class 2-A-1                      $128,839,000.00  (2)               $ 10,000             $1
________________________________________________________________________________________________________________
Class 2-A-2                        $5,602,000.00  (2)               $ 10,000             $1
________________________________________________________________________________________________________________
Class 3-A-1                       $74,883,000.00  (3)               $ 10,000             $1
________________________________________________________________________________________________________________
Class 3-A-2                        $3,257,000.00  (3)               $ 10,000             $1
________________________________________________________________________________________________________________
Class 4-A-1                       $25,166,000.00  (4)               $ 10,000             $1
________________________________________________________________________________________________________________
Class 4-A-2                        $1,095,000.00  (4)               $ 10,000             $1
________________________________________________________________________________________________________________
Class B-1                          $6,002,000.00  (5)               $ 10,000             $1
________________________________________________________________________________________________________________
Class B-2                          $1,903,000.00  (5)               $ 10,000             $1
________________________________________________________________________________________________________________
Class B-3                          $1,464,000.00  (5)               $ 10,000             $1
________________________________________________________________________________________________________________
Class B-4                            $878,000.00  (5)               $ 10,000             $1
________________________________________________________________________________________________________________
Class B-5                            $732,000.00  (5)               $ 10,000             $1
________________________________________________________________________________________________________________
Class B-6                            $732,618.73  (5)               $ 10,000             $1
________________________________________________________________________________________________________________

_______________

(1)      For each Distribution  Date,  interest will accrue on these  Certificates at a per annum rate equal to the
Net WAC for the Group 1 Mortgage Loans.

(2)      For each Distribution  Date,  interest will accrue on these  Certificates at a per annum rate equal to the
Net WAC for the Group 2 Mortgage Loans.

(3)      For each Distribution  Date,  interest will accrue on these  Certificates at a per annum rate equal to the
Net WAC for the Group 3 Mortgage Loans.

(4)      For each Distribution  Date,  interest will accrue on these  Certificates at a per annum rate equal to the
Net WAC for the Group 4 Mortgage Loans.

(5)      For each Distribution  Date,  interest will accrue on these  Certificates at a per annum rate equal to Net
WAC for Mortgage  Loans in all Loan Groups,  weighted on the basis of the aggregate  Stated  Principal  Balances of
the Mortgage Loans in each Loan Group on the Due Date in the month  preceding the month of such  Distribution  Date
minus the Class Certificate Balance of the related Classes of Class A Certificates.

(6)      Other than the 0.01%  Percentage  Interest in the Class 1-A-R  Certificates to be held by the Seller,  the
minimum  denomination  of the Class 1-A-R  Certificates  will be 20% of the Percentage  Interest of the Class 1-A-R
Certificates.

                                                             3

                                                     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:

                  1933 Act:  The Securities Act of 1933, as amended, and the rules and regulations thereunder.

                  1934 Act:  The Securities Act of 1934, as amended, and the rules and regulations thereunder.

                  Accepted  Master  Servicing  Practices:  With  respect  to any  Mortgage  Loan,  those  customary
mortgage servicing  practices of prudent mortgage servicing  institutions that master service mortgage loans of the
same type and quality as such Mortgage Loan in the jurisdiction  where the related  Mortgaged  Property is located,
to the  extent  applicable  to the  Trustee or the  Master  Servicer  (except in its  capacity  as  successor  to a
Servicer).

                  Accountant's   Attestation:   The   attestation   required   from  an   Accountant   pursuant  to
Section 12.08.

                  Accrued  Certificate  Interest:  For any Distribution Date and each  interest-bearing  Class, one
month's  interest accrued during the related  Interest  Accrual Period at the applicable  Pass-Through  Rate on the
applicable Class Certificate Balance.

                  Additional Disclosure Notification:  As defined in Section 12.02.

                  Additional Form 10-D Disclosure:  As defined in Section 12.02.

                  Additional Form 10-K Disclosure:  As defined in Section 12.03.

                  Additional  Servicer:  Each  Affiliate of each Servicer  that Services any of the Mortgage  Loans
and each Person who is not an Affiliate of any  Servicer who Services 10% or more of the Mortgage  Loans  (measured
by aggregate  Stated  Principal  Balance of the Mortgage Loans,  annually at the  commencement of the calendar year
prior to the year in which an Item 1123  Certificate is required to the  delivered).  For  clarification  purposes,
the Master Servicer is an Additional Servicer.

                  Adjusted  Pool Amount:  With respect to any  Distribution  Date and Loan Group,  the Cut-Off Date
Pool  Principal  Balance of the  Mortgage  Loans in such Loan Group  minus the sum of (i) all amounts in respect of
principal  received in respect of the Mortgage Loans in such Loan Group  (including,  without  limitation,  amounts
received as Monthly Payments,  Periodic  Advances,  Principal  Prepayments,  Liquidation  Proceeds and Substitution
Adjustment  Amounts)  and  distributed  to  Holders  of  Certificates  on such  Distribution  Date  and  all  prior
Distribution  Dates,  (ii) the  principal  portion of all  Realized  Losses  (other than Debt  Service  Reductions)
incurred on the  Mortgage  Loans in such Loan Group from the Cut-Off  Date  through the end of the month  preceding
such  Distribution  Date and (iii) any amounts  capitalized  as a result of  modifications  to such Mortgage  Loans
pursuant to Section 3.21.

                                                             4

                  Advance:  A Periodic Advance or a Servicing Advance.

                  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  Subordinate  Percentage:  As to any Distribution Date, the aggregate Class Certificate
Balance of the  Subordinate  Certificates  divided by the  aggregate  Pool  Stated  Principal  Balance for all Loan
Groups.

                  Agreement:  This  Pooling  and  Servicing  Agreement  together  with all  amendments  hereof  and
supplements hereto.

                  Amount Held for Future  Distribution:  As to any  Distribution  Date and Loan Group, the total of
the  amounts  held  in the  related  Servicer  Custodial  Account  at  the  close  of  business  on  the  preceding
Determination  Date on account of (i)  Principal  Prepayments  and  Liquidation  Proceeds  received  or made on the
Mortgage  Loans in such  Loan  Group in the  month of such  Distribution  Date and (ii)  payments  which  represent
receipt  of  Monthly  Payments  on the  Mortgage  Loans in such Loan  Group in  respect  of a Due Date or Due Dates
subsequent to the related Due Date.

                  Appraised  Value:  With  respect  to any  Mortgaged  Property,  either  (i) the lesser of (a) the
appraised  value  determined in an appraisal  obtained by the  originator at  origination of such Mortgage Loan and
(b) the sales price for such  property,  except that, in the case of Mortgage Loans the proceeds of which were used
to refinance an existing  mortgage loan,  the Appraised  Value of the related  Mortgaged  Property is the appraised
value  thereof  determined  in an  appraisal  obtained  at the time of  refinancing,  or (ii) the  appraised  value
determined in an appraisal  made at the request of a Mortgagor  subsequent to origination in order to eliminate the
Mortgagor's obligation to keep a Primary Insurance Policy in force.

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

                  Authenticating Agents:  As defined in Section 9.10.

                  Book-Entry Certificate:  All Classes of Certificates other than the Physical Certificates.

                  Business  Day:  Any day other  than (i) a  Saturday  or a Sunday  or (ii) a day on which  banking
institutions  in the State of North  Carolina,  the State of  Delaware,  the State of  Minnesota,  the State of New
York,  the  State of Iowa,  the  State of  California,  the State of South  Carolina,  and each  state in which the
servicing  office of a Servicer is located or the states in which the Corporate  Trust  Offices of the  Certificate
Administrator and the Trustee are located are required or authorized by law or executive order to be closed.

                                                             5

                  Certificate:  Any of the Wachovia  Mortgage Loan Trust, LLC Mortgage  Pass-Through  Certificates,
Series 2007-A that are issued pursuant to this Agreement.

                  Certificate  Account:  The separate  Eligible  Account  created and maintained by the Certificate
Administrator  pursuant to  Section 3.08(i) in the name of the Trustee,  for the benefit of the  Certificateholders
and designated "HSBC Bank USA,  National  Association,  in trust for registered  holders of Wachovia  Mortgage Loan
Trust, LLC Mortgage  Pass-Through  Certificates,  Series 2007-A." Funds in the Certificate Account shall be held in
trust for the Certificateholders for the uses and purposes set forth in this Agreement.

                  Certificate Administrator:  U.S. Bank National Association,  and its successors-in-interest  and,
if a successor certificate administrator is appointed hereunder, such successor, as certificate administrator.

                  Certificate  Administrator  Fee: With respect to each Loan Group and Distribution  Date, a fee in
an amount  equal to  one-twelfth  of the  product of the  Certificate  Administrator  Fee Rate and the Pool  Stated
Principal Balance.

                  Certificate Administrator Fee Rate: 0.0120% per annum.

                  Certificate  Balance:  With  respect  to  any  Certificate  at  any  date,  the  product  of  the
Percentage  Interest of such  Certificate and the Class  Certificate  Balance of the Class of Certificates of which
such Certificate is a part.

                  Certificate  Owner:  With respect to a Book-Entry  Certificate,  the Person who is the beneficial
owner of a Book-Entry  Certificate.  With respect to any  Definitive  Certificate,  the  Certificateholder  of such
Certificate.

                  Certificate Register:  The register maintained pursuant to Section 6.02.

                  Certificate Registrar:  The registrar appointed pursuant to Section 6.02.

                  Certificateholder:  The Person in whose  name a  Certificate  is  registered  in the  Certificate
Register,  except that,  solely for the purpose of giving any consent  pursuant to this Agreement,  any Certificate
registered  in the name of the  Depositor,  either  Servicer  or any  affiliate  thereof  shall be deemed not to be
outstanding  and the  Percentage  Interest and Voting Rights  evidenced  thereby shall not be taken into account in
determining  whether the requisite amount of Percentage  Interests or Voting Rights,  as the case may be, necessary
to effect any such consent has been obtained,  provided that none of the  Certificate  Registrar,  the  Certificate
Administrator,  or the Trustee shall be responsible  for knowing that any  Certificate is registered in the name of
such an affiliate unless a Responsible Officer of any such party has actual knowledge.

                  Certification Parties:  As defined in Section 12.09.

                                                             6

                  Certifying Person:  As defined in Section 12.09.

                  Class: The Class 1-A-1,  Class 1-A-2,  Class 1-A-R,  Class 2-A-1, Class 2-A-2, Class 3-A-1, Class
3-A-2,  Class  4-A-1,  Class  4-A-2,  Class  B-1,  Class  B-2,  Class  B-3,  Class  B-4,  Class  B-5 and  Class B-6
Certificates, as the case may be.

                  Class A  Certificates:  The Class 1-A-1,  Class 1-A-2,  Class  1-A-R,  Class 2-A-1,  Class 2-A-2,
Class 3-A-1, Class 3-A-2, Class 4-A-1 and Class 4-A-2 Certificates.

                  Class B  Certificates:  The Class B-1,  Class B-2,  Class B-3, Class B-4, Class B-5 and Class B-6
Certificates.

                  Class  1-A-2 Loss  Allocation  Amount:  With  respect to any  Distribution  Date after the Senior
Credit  Support  Depletion  Date,  the amount,  if any, by which the Class  Certificate  Balance of the Class 1-A-2
Certificates  would be reduced as a result of the  allocation of any Realized  Loss pursuant to Section  5.03(b) to
such Class, without regard to the operation of Section 5.03(e).

                  Class  2-A-2 Loss  Allocation  Amount:  With  respect to any  Distribution  Date after the Senior
Credit  Support  Depletion  Date,  the amount,  if any, by which the Class  Certificate  Balance of the Class 2-A-2
Certificates  would be reduced as a result of the  allocation of any Realized  Loss pursuant to Section  5.03(b) to
such Class, without regard to the operation of Section 5.03(e).

                  Class  3-A-2 Loss  Allocation  Amount:  With  respect to any  Distribution  Date after the Senior
Credit  Support  Depletion  Date,  the amount,  if any, by which the Class  Certificate  Balance of the Class 3-A-2
Certificates  would be reduced as a result of the  allocation of any Realized  Loss pursuant to Section  5.03(b) to
such Class, without regard to the operation of Section 5.03(e).

                  Class  4-A-2 Loss  Allocation  Amount:  With  respect to any  Distribution  Date after the Senior
Credit  Support  Depletion  Date,  the amount,  if any, by which the Class  Certificate  Balance of the Class 4-A-2
Certificates  would be reduced as a result of the  allocation of any Realized  Loss pursuant to Section  5.03(b) to
such Class, without regard to the operation of Section 5.03(e).

                  Class  Certificate  Balance:  With  respect  to any  Class  and any  date of  determination,  the
Initial  Class  Certificate  Balance of such Class minus the sum of (i) all  distributions  of principal  made with
respect  thereto,  (ii) all Realized Losses  allocated  thereto  pursuant to Section  5.03(a),  and (iii) all other
reductions in Class Certificate Balance previously  allocated thereto pursuant to Section 5.03(b),  plus the amount
of any Subsequent Recoveries added to the Class Certificate Balance of such Class pursuant to Section 5.03(f).

                  Class  Interest  Shortfall:  For any  Distribution  Date and  each  interest-bearing  Class,  the
amount by which Accrued  Certificate  Interest for such Class (as reduced  pursuant to Section 5.02(c)) exceeds the
amount of interest  actually  distributed  on such Class on such  Distribution  Date  pursuant to clause (i) of the
definition of "Interest Distribution Amount."

                                                             7

                  Class Unpaid Interest  Shortfall:  As to any Distribution Date and each  interest-bearing  Class,
the amount by which the aggregate  Class  Interest  Shortfalls for such Class on prior  Distribution  Dates exceeds
the amount of interest  actually  distributed  on such Class on such prior  Distribution  Dates  pursuant to clause
(ii) of the definition of "Interest Distribution Amount."

                  Closing Date:  March 27, 2007.

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

                  Collection  Account:  The  separate  Eligible  Account  created  and  maintained  by  the  Master
Servicer  pursuant to Section  3.08(f) in the name of the Trustee,  for the benefit of the  Certificateholders  and
designated "HSBC Bank USA, National  Association,  in trust for registered holders of Wachovia Mortgage Loan Trust,
LLC Mortgage  Pass-Through  Certificates,  Series  2007-A." Funds in the Collection  Account shall be held in trust
for the Certificateholders for the uses and purposes set forth in this Agreement.

                  Commission:  The United States Securities and Exchange Commission.

                  Compensating Interest:  As defined in Section 3.17.

                  Continued Errors:  As defined in Section 3.25(f).

                  Co-op Shares:  Shares issued by private non-profit housing corporations.

                  Corporate  Trust  Office:  With  respect  to  the  Certificate  Administrator,  for  purposes  of
transfers and exchanges and for  presentment  and surrender of the  Certificates  for final payment,  60 Livingston
Ave.,  St. Paul, MN  55107-2292,  Attention:  Bond Drop Window,  and for all other  purposes,  60 Livingston  Ave.,
EP-MN-WS3D,  St. Paul, MN 55107-2292,  Attention:  WMLT Series 2007-A.  With respect to the Trustee,  the principal
office of the Trustee at which at any  particular  time its  certificate  transfer  services are  conducted,  which
office at the date of the  execution  of this  instrument  is  located  at 452 Fifth  Avenue,  New York,  NY 10018,
Attention: Corporate Trust, WMLT 2007-A.

                  Custodial Agreement:  The Custodial  Agreement,  dated as of March 27, 2007, among the Depositor,
the Custodian,  the Master Servicer,  the Servicers and the Trustee,  which is attached hereto as Exhibit N, as the
same may be amended or modified from time to time in accordance with the terms thereof.

                  Custodian:  U.S. Bank  National  Association,  or its  successor in interest  under the Custodial
Agreement.

                  Customary Servicing  Procedures:  With respect to a Servicer,  procedures  (including  collection
procedures)  that such Servicer  customarily  employs and exercises in servicing and  administering  mortgage loans
for its own account and which are in  accordance  with accepted  mortgage  servicing  practices of prudent  lending
institutions  servicing  mortgage  loans of the same type as the Mortgage Loans in the  jurisdictions  in which the
related Mortgaged Properties are located.

                                                             8

                  Cut-Off Date:  March 1, 2007.

                  Cut-Off  Date Pool  Principal  Balance:  For each Loan Group the  aggregate  of the Cut-Off  Date
Principal  Balances  of the  Mortgage  Loans  in such  Loan  Group  which  is  $43,956,838.69  for  Loan  Group  1,
$140,042,828.88 for Loan Group 2, $81,396,719.66 for Loan Group 3 and $27,355,331.50 for Loan Group 4.

                  Cut-Off Date Principal  Balance:  As to any Mortgage Loan, the unpaid  principal  balance thereof
as of the close of business on the Cut-Off Date,  reduced by all  installments of principal due on or prior thereto
whether or not paid.

                  Debt Service  Reduction:  As to any Mortgage Loan and any  Determination  Date, the excess of (i)
the Monthly  Payment due on the related Due Date under the terms of such  Mortgage Loan over (ii) the amount of the
monthly  payment of principal  and/or  interest  required to be paid with respect to such Due Date by the Mortgagor
as  established  by a  court  of  competent  jurisdiction  (pursuant  to  an  order  which  has  become  final  and
nonappealable)  as a result of a case  initiated  by or against  the  related  Mortgagor  under the  United  States
Bankruptcy  Code, as amended  (Title 11,  U.S.C.);  provided that no such excess shall be considered a Debt Service
Reduction  so long as (a) the  Servicer  servicing  such  Mortgage  Loan is  pursuing  an appeal of the court order
giving rise to any such  modification  and (b)(1) such  Mortgage Loan is not in default with respect to payment due
thereunder in accordance  with the terms of such Mortgage Loan as in effect  immediately  prior to such  bankruptcy
case or (2) Monthly  Payments are being  advanced by such  Servicer in  accordance  with the terms of such Mortgage
Loan as in effect immediately prior to such bankruptcy case.

                  Debt  Service  Reduction  Mortgage  Loan:  Any  Mortgage  Loan that  became the subject of a Debt
Service Reduction.

                  Defaulted  Mortgage  Loan:  Any  Mortgage  Loan as to which  (i) any  payment,  or part  thereof,
remains  unpaid for 90 days or more after the original  due date for such  payment,  (ii) the related  Mortgagor is
subject to any  bankruptcy or insolvency  proceeding,  (iii) the related  Mortgaged  Property has been  foreclosed,
sold  pursuant to a power of sale or  trustee's  sale or  repossessed,  or  proceedings  for  foreclosure,  sale or
repossession  have been  commenced or (iv) the Servicer  servicing  such Mortgage Loan has  determined,  consistent
with its Customary  Servicing  Procedures,  that such Mortgage Loan is not collectible and should be written off in
whole or in part.

                  Defective  Mortgage  Loan:  Any  Mortgage  Loan which is  required  to be cured,  repurchased  or
substituted for pursuant to Sections 2.02 or 2.04.

                  Deficient  Valuation:  As to any Mortgage Loan and any Determination  Date, the excess of (i) the
then  outstanding  indebtedness  under such  Mortgage  Loan over (ii) the value of the related  Mortgaged  Property
established by a court of competent  jurisdiction  (pursuant to an order which has become final and  nonappealable)
as a result of a case initiated by or against the related  Mortgagor  under the United States  Bankruptcy  Code, as
amended (Title 11, U.S.C.),  pursuant to which such Mortgagor  retained such Mortgaged  Property;  provided that no
such excess shall be considered a Deficient  Valuation so long as (a) the Servicer  servicing such Mortgage Loan is
pursuing an appeal of the court order giving rise to any such  modification  and (b)(1) such  Mortgage  Loan is not
in default  with  respect to payments due  thereunder  in  accordance  with the terms of such  Mortgage  Loan as in
effect  immediately  prior to such bankruptcy  case or (2) Monthly  Payments are being advanced by such Servicer in
accordance with the terms of such Mortgage Loan as in effect immediately prior to such bankruptcy case.

                                                             9

                  Deficient  Valuation  Mortgage  Loan:  Any  Mortgage  Loan that became the subject of a Deficient
Valuation.

                  Definitive Certificates:  As defined in Section 6.02(c)(iii).

                  Depositor:  Wachovia  Mortgage Loan Trust,  LLC, a Delaware  limited  liability  company,  or its
successor in interest, as depositor under this Agreement.

                  Depository:  The  Depository  Trust  Company,  the  nominee  of  which  is  Cede  &  Co.,  as the
registered  Holder of the  Book-Entry  Certificates  or any successor  thereto  appointed in  accordance  with this
Agreement.  The Depository  shall at all times be a "clearing  corporation"  as defined in Section 8-102 of the New
York Uniform Commercial Code.

                  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:  As to any  Distribution  Date,  the  16th day of the  month of the  related
Distribution  Date or, if such 16th day is not a Business  Day, the Business Day  immediately  preceding  such 16th
day.

                  Distribution  Date:  The 20th day of each month  beginning  in April 2007 (or, if such day is not
a Business Day, the next Business Day).

                  Distribution Date Statement:  As defined in Section 5.04(b).

                  Due Date:  As to any  Distribution  Date and each  Mortgage  Loan,  the first day in the calendar
month of such Distribution Date.

                  Eligible  Account:  Any of (i) an account or accounts in a federal or state chartered  depository
institution the short-term  unsecured debt  obligations of which (or, in the case of a depository  institution that
is the principal  subsidiary of a holding  company,  the debt obligations of such holding company) have the highest
short-term  ratings of each Rating Agency at the time any amounts are held on deposit  therein,  (ii) an account or
accounts in a depository  institution in which such accounts are insured by the FDIC (to the limits  established by
the FDIC) and the  uninsured  deposits in which  accounts  are  otherwise  secured  such that,  as  evidenced by an
Opinion of Counsel  delivered  to the  Certificate  Administrator  and the Trustee and to each Rating  Agency,  the
Certificateholders  have a claim with respect to the funds in such account or a perfected  first priority  security
interest  against any  collateral  (which shall be limited to Permitted  Investments)  securing  such funds that is
superior to claims of any other  depositors  or creditors of the  depository  institution  in which such account is
maintained,  (iii) a trust  account  or  accounts  maintained  with the  trust  department  of a  federal  or state
chartered  depository  institution,  acting in its fiduciary  capacity or (iv) any other account acceptable to each
Rating  Agency.  Eligible  Accounts  may  bear  interest  and  may  include,  if  otherwise  qualified  under  this
definition,  accounts  maintained with the  institutions  acting as Certificate  Administrator,  Master Servicer or
Trustee.

                                                             10

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

                  ERISA Restricted Certificates:  Any Class B-4, Class B-5 or Class B-6 Certificate.

                  Error:  As defined in Section 3.25(f).

                  Escrow Account:  As defined in Section 3.09.

                  Escrow  Payments:  The  amounts  constituting  taxes,   assessments,   Primary  Insurance  Policy
premiums,  fire and  hazard  insurance  premiums  and other  payments  as may be  required  to be  escrowed  by the
Mortgagor with the mortgagee pursuant to the terms of any Mortgage Note or Mortgage.

                  Event of Default:  As defined in Section 8.01.

                  Excess  Proceeds:  With respect to any Liquidated  Mortgage  Loan,  the amount,  if any, by which
the sum of any  Liquidation  Proceeds of such Mortgage  Loan received in the calendar  month in which such Mortgage
Loan became a  Liquidated  Mortgage  Loan,  net of any amounts  previously  reimbursed  to the related  Servicer as
Nonrecoverable  Advances  with respect to such  Mortgage  Loan  pursuant to Section  3.11(a)(iii),  exceeds (i) the
unpaid  principal  balance of such Liquidated  Mortgage Loan as of the Due Date in the month in which such Mortgage
Loan became a Liquidated  Mortgage Loan plus (ii) accrued interest at the Mortgage  Interest Rate from the Due Date
as to which interest was last paid up to the Due Date applicable to the  Distribution  Date  immediately  following
the calendar month during which such liquidation occurred.

                  FDIC:  The Federal Deposit Insurance Corporation, or any successor thereto.

                  FHLMC:  The Federal Home Loan Mortgage Corporation, or any successor thereto.

                  Fifth Third:  As defined in the recitals hereto.

                  Fifth Third Mortgage Loans:  The Mortgage Loans serviced by Fifth Third or any successor  thereto
as a Servicer hereunder.

                  Final  Distribution  Date: The  Distribution  Date on which the final  distribution in respect of
the Certificates will be made pursuant to Section 10.01.

                  Financial  Market  Service:   Bloomberg   Financial   Service,   Intex   Solutions,   Inc.,  Loan
Performance,  Inc. or any other  financial  information  provider  designated by the Depositor by written notice to
the Certificate Administrator.

                                                             11

                  FIRREA:  The Financial Institutions Reform, Recovery and Enforcement Act of 1989, as amended.

                  Fitch:  Fitch Ratings, and its successors in interest.

                  FNMA:  Fannie Mae, or any successor thereto.

                  Form 8-K Disclosure Information:  As defined in Section 12.04.

                  Fractional Interest:  As defined in Section 5.02(d).

                  Gross Margin:  As to each Mortgage Loan, the fixed  percentage set forth in the related  Mortgage
Note and indicated in the Mortgage Loan Schedule as the "Gross  Margin," which  percentage is added to the Index on
each Rate  Adjustment  Date to determine  (subject to rounding,  the Initial Cap, the Periodic Cap and the Lifetime
Cap) the Mortgage Interest Rate on such Mortgage Loan until the next Rate Adjustment Date.

                  Group:  Any of Group 1, Group 2, Group 3 or Group 4.

                  Group 1:  The Group 1-A Certificates.

                  Group 1 Mortgage Loan:  Each Mortgage Loan listed on Exhibit D-1 hereto.

                  Group 2:  The Group 2-A Certificates.

                  Group 2 Mortgage Loan:  Each Mortgage Loan listed on Exhibit D-2 hereto.

                  Group 3:  The Group 3-A Certificates.

                  Group 3 Mortgage Loan:  Each Mortgage Loan listed on Exhibit D-3 hereto.

                  Group 4:  The Group 4-A Certificates.

                  Group 4 Mortgage Loan:  Each Mortgage Loan listed on Exhibit D-4 hereto.

                  Group 1-A Certificates:  The Class 1-A-1, Class 1-A-2 and Class 1-A-R Certificates.

                  Group 2-A Certificates:  The Class 2-A-1 and Class 2-A-2 Certificates.

                  Group 3-A Certificates:  The Class 3-A-1 Certificates and Class 3-A-2 Certificates.

                  Group 4-A Certificates:  The Class 4-A-1 Certificates and Class 4-A-2 Certificates.

                  Group  Subordinate  Amount:  With respect to any Distribution Date and any Loan Group, the excess
of the Pool  Stated  Principal  Balance for such Loan Group over the  aggregate  Class  Certificate  Balance of the
Senior Certificates of the Related Group immediately prior to such date.

                                                             12

                  Holder:  A Certificateholder.

                  Independent:  When used with  respect to any  specified  Person means such a Person who (i) is in
fact  independent of the Depositor,  the Certificate  Administrator,  the Master  Servicer and each Servicer,  (ii)
does not have any direct  financial  interest or any material  indirect  financial  interest in the Depositor,  the
Certificate  Administrator,  the Master Servicer,  any Servicer or in an affiliate of any of them, and (iii) is not
connected with the Depositor, the Master Servicer or any Servicer as an officer, employee,  promoter,  underwriter,
trustee, partner, director or person performing similar functions.

                  Index:  As to any  Group 1  Mortgage  Loan or Group 3  Mortgage  Loan and Rate  Adjustment  Date,
either (a) a rate per annum  that is  defined  to be the  arithmetic  mean of the  London  interbank  offered  rate
quotations  for one year U.S.  Dollar-denominated  deposits,  as  published  in The Wall  Street  Journal  and most
recently  available  either (i) as of the first  Business Day in the month  preceding  the month of the  applicable
Rate  Adjustment  Date or (ii)  forty-five  days before the applicable  Rate  Adjustment Date or, in the event that
such index is no longer  available,  a substitute index selected by National City,  Fifth Third,  SunTrust or Wells
Fargo, as the applicable  Servicer,  in accordance  with the terms of the related  Mortgage Note, or (b) a rate per
annum that is defined to be the weekly average yield on U.S.  Treasury  securities  adjusted to a constant maturity
of one year,  as reported by the Federal  Reserve  Board in  statistical  Release No.  H.15(519),  as most recently
available either (i) as of the date forty-five  days,  thirty-five days or thirty days prior to the Rate Adjustment
Date or (ii) on the Rate Adjustment  Date as published in the place  specified in the related  Mortgage Note and as
made  available  as of the date  specified  in the  related  Mortgage  Note or, in the event  that such index is no
longer  available,  a substitute  index selected by National  City,  Fifth Third,  SunTrust or Wells Fargo,  as the
applicable  Servicer,  in accordance  with the terms of the related  Mortgage Note. As to any Group 2 Mortgage Loan
or Group 4 Mortgage Loan and Rate  Adjustment  Date, a rate per annum that is defined to be the arithmetic  mean of
the London interbank  offered rate quotations for one year U.S.  Dollar-denominated  deposits,  as published in The
Wall Street  Journal and most recently  available  either (i) as of the first  Business Day in the month  preceding
the month of the applicable  Rate  Adjustment  Date or (ii)  forty-five  days before the applicable Rate Adjustment
Date or, in the event that such index is no longer  available,  a substitute index selected by National City, Fifth
Third or SunTrust, as the applicable Servicer, in accordance with the terms of the related Mortgage Note.

                  Initial Cap: For each  Mortgage  Loan,  the  applicable  limit on the  adjustment of the Mortgage
Interest Rate for the initial Rate  Adjustment  Date  specified in the  applicable  Mortgage Note and designated as
such in the Mortgage Loan Schedule.

                  Initial  Class  Certificate  Balance:  As to each Class of  Certificates,  the Class  Certificate
Balance set forth in the Preliminary Statement.

                                                             13

                  Insurance  Policy:  With respect to any Mortgage Loan  included in the Trust Estate,  any related
insurance  policy,  including all riders and endorsements  thereto in effect,  including any replacement  policy or
policies for any Insurance Policies.

                  Insurance  Proceeds:  Proceeds paid by an insurer pursuant to any Insurance  Policy, in each case
other than any amount included in such Insurance Proceeds in respect of Insured Expenses.

                  Insured  Expenses:  Expenses  covered by an Insurance  Policy or any other insurance  policy with
respect to the Mortgage Loans.

                  Interest  Accrual  Period:  As to any  Distribution  Date and each  Class  of  Certificates,  the
immediately preceding calendar month.

                  Interest  Distribution  Amount:  For any Distribution Date and each  interest-bearing  Class, the
sum of (i) the Accrued  Certificate  Interest,  subject to reduction pursuant to Section 5.02(c) and (ii) any Class
Unpaid Interest Shortfall for such Class.

                  Lifetime  Cap: As to any  Mortgage  Loan,  the maximum  Mortgage  Interest  Rate set forth in the
related Mortgage Note and indicated in the Mortgage Loan Schedule.

                  Liquidated  Mortgage  Loan:  With respect to any  Distribution  Date, a Defaulted  Mortgage  Loan
(including any REO Property) that was  liquidated in the calendar  month  preceding the month of such  Distribution
Date and as to which  the  related  Servicer  or the  Master  Servicer  has  certified  (in  accordance  with  this
Agreement)  that it has received  all proceeds it expects to receive in  connection  with the  liquidation  of such
Mortgage Loan including the final disposition of an REO Property.

                  Liquidation  Proceeds:  Amounts,  including Insurance  Proceeds,  received in connection with the
partial or complete  liquidation of Defaulted Mortgage Loans,  whether through trustee's sale,  foreclosure sale or
otherwise or amounts  received in connection with any  condemnation or partial release of a Mortgaged  Property and
any other proceeds  received in connection  with an REO Property,  less the sum of related  unreimbursed  Servicing
Fees, Certificate Administrator Fees and Advances.

                  Loan Group:  Any of Loan Group 1, Loan Group 2, Loan Group 3 or Loan Group 4.

                  Loan Group 1:  The Group 1 Mortgage Loans.

                  Loan Group 2:  The Group 2 Mortgage Loans.

                  Loan Group 3:  The Group 3 Mortgage Loans.

                  Loan Group 4:  The Group 4 Mortgage Loans.

                  Loan-to-Value  Ratio:  With  respect  to any  Mortgage  Loan and any date of  determination,  the
fraction,  expressed as a percentage,  the numerator of which is the outstanding  principal  balance of the related
Mortgage Loan at the date of  determination  and the  denominator  of which is the  Appraised  Value of the related
Mortgaged Property.

                                                             14

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

                  Lower-Tier  Distribution  Amount:  For any Distribution  Date, the Pool  Distribution  Amount for
each Loan  Group  shall be  deemed  distributed  to the  Upper-Tier  REMIC,  as the  holder  of the  Uncertificated
Lower-Tier  Regular  Interests,  and to Holders of the Class 1-A-R  Certificates in respect of Component I thereof,
in the following amounts and priority:

                  (a)      To the extent of the Pool Distribution Amount for Loan Group 1:

                           (i)      first,   to   Uncertificated   Lower-Tier   Regular   Interests  Y-1  and  Z-1,
         concurrently,  the  Uncertificated  Accrued  Interest for such  regular  interests  remaining  unpaid from
         previous Distribution Dates, pro rata according to their respective shares of such unpaid amounts;

                           (ii)     second,   to   Uncertificated   Lower-Tier   Regular  Interests  Y-1  and  Z-1,
         concurrently,   the   Uncertificated   Accrued  Interest  for  such  regular  interests  for  the  current
         Distribution Date, pro rata according to their respective Uncertificated Accrued Interest; and

                           (iii)    third,  to  Uncertificated  Lower-Tier  Regular  Interests  Y-1  and  Z-1,  the
         Uncertificated  Lower-Tier  Regular  Interest Y-1  Principal  Distribution  Amount and the  Uncertificated
         Lower-Tier Regular Interest Z-1 Principal Distribution Amount, respectively;

                  (b)      To the extent of the Pool Distribution Amount for Loan Group 2:

                           (i)      first,   to   Uncertificated   Lower-Tier   Regular   Interests  Y-2  and  Z-2,
         concurrently,  the  Uncertificated  Accrued  Interest for such  regular  interests  remaining  unpaid from
         previous Distribution Dates, pro rata according to their respective shares of such unpaid amounts;

                           (ii)     second,   to   Uncertificated   Lower-Tier   Regular  Interests  Y-2  and  Z-2,
         concurrently,   the   Uncertificated   Accrued  Interest  for  such  regular  interests  for  the  current
         Distribution Date, pro rata according to their respective Uncertificated Accrued Interest; and

                           (iii)    third,  to  Uncertificated  Lower-Tier  Regular  Interests  Y-2  and  Z-2,  the
         Uncertificated  Lower-Tier  Regular  Interest Y-2  Principal  Distribution  Amount and the  Uncertificated
         Lower-Tier Regular Interest Z-2 Principal Distribution Amount, respectively;

                                                             15

                  (c)      To the extent of the Pool Distribution Amount for Loan Group 3:

                           (i)      first,   to   Uncertificated   Lower-Tier   Regular   Interests  Y-3  and  Z-3,
         concurrently,  the  Uncertificated  Accrued  Interest for such  regular  interests  remaining  unpaid from
         previous Distribution Dates, pro rata according to their respective shares of such unpaid amounts;

                           (ii)     second,   to   Uncertificated   Lower-Tier   Regular  Interests  Y-3  and  Z-3,
         concurrently,   the   Uncertificated   Accrued  Interest  for  such  regular  interests  for  the  current
         Distribution Date, pro rata according to their respective Uncertificated Accrued Interest; and

                           (iii)    third,  to  Uncertificated  Lower-Tier  Regular  Interests  Y-3  and  Z-3,  the
         Uncertificated  Lower-Tier  Regular  Interest Y-3  Principal  Distribution  Amount and the  Uncertificated
         Lower-Tier Regular Interest Z-3 Principal Distribution Amount, respectively;

                  (d)      To the extent of the Pool Distribution Amount for Loan Group 4:

                           (i)      first,   to   Uncertificated   Lower-Tier   Regular   Interests  Y-4  and  Z-4,
         concurrently,  the  Uncertificated  Accrued  Interest for such  regular  interests  remaining  unpaid from
         previous Distribution Dates, pro rata according to their respective shares of such unpaid amounts;

                           (ii)     second,   to   Uncertificated   Lower-Tier   Regular  Interests  Y-4  and  Z-4,
         concurrently,   the   Uncertificated   Accrued  Interest  for  such  regular  interests  for  the  current
         Distribution Date, pro rata according to their respective Uncertificated Accrued Interest; and

                           (iii)    third,  to  Uncertificated  Lower-Tier  Regular  Interests  Y-4  and  Z-4,  the
         Uncertificated  Lower-Tier  Regular  Interest Y-4  Principal  Distribution  Amount and the  Uncertificated
         Lower-Tier Regular Interest Z-4 Principal Distribution Amount, respectively; and

                  (e)      To  the  extent  of  the  Pool  Distribution   Amount  for  each  Loan  Group  for  such
Distribution  Date  remaining  after  payment  of the  amounts  pursuant  to  paragraphs  (a)  through  (d) of this
definition of "Lower-Tier Distribution Amount":

                           (i)      first, to each of the Uncertificated  Lower-Tier  Regular  Interests,  pro rata
         according to the amount of unreimbursed  Realized Losses  allocable to principal  previously  allocated to
         each such regular interests;  provided,  however,  that any amounts distributed pursuant to this paragraph
         (e)(i)  of this  definition  of  "Lower-Tier  Distribution  Amount"  shall not  cause a  reduction  in the
         Uncertificated Principal Balances of any of the Uncertificated Lower-Tier Regular Interests; and

                                                             16

                           (ii)     second, to the Class 1-A-R Certificates in respect of Component I thereof,  any
         remaining amount.

                  Lower-Tier  Realized  Losses:  Realized  Losses  on each Loan  Group  shall be  allocated  to the
Uncertificated  Lower-Tier  Regular  Interests as follows:  (1) the interest  portion of Realized Losses on Group 1
Mortgage Loans, if any, shall be allocated among  Uncertificated  Lower-Tier Regular Interests Y-1 and Z-1 pro rata
according to the amount of interest accrued but unpaid thereon,  in reduction thereof;  (2) the interest portion of
Realized  Losses on Group 2 Mortgage  Loans, if any, shall be allocated  among  Uncertificated  Lower-Tier  Regular
Interests  Y-2 and Z-2 pro rata  according  to the amount of interest  accrued  but unpaid  thereon,  in  reduction
thereof;  (3) the interest  portion of Realized  Losses on Group 3 Mortgage Loans, if any, shall be allocated among
Uncertificated  Lower-Tier  Regular  Interests Y-3 and Z-3 pro rata according to the amount of interest accrued but
unpaid thereon,  in reduction  thereof;  and (4) the interest portion of Realized Losses on Group 4 Mortgage Loans,
if any, shall be allocated  among  Uncertificated  Lower-Tier  Regular  Interests Y-4 and Z-4 pro rata according to
the amount of interest  accrued but unpaid thereon,  in reduction  thereof.  Any interest  portion of such Realized
Losses in excess of the amount  allocated  pursuant  to the  preceding  sentence  shall be  treated as a  principal
portion  of  Realized  Losses not  attributable  to any  specific  Mortgage  Loan in such Loan Group and  allocated
pursuant to the  succeeding  sentences.  The principal  portion of Realized  Losses with respect to each Loan Group
shall be allocated to the  Uncertificated  Lower-Tier  Regular  Interests as follows:  (1) the principal portion of
Realized  Losses on Group 1  Mortgage  Loans  shall be  allocated,  first,  to  Uncertificated  Lower-Tier  Regular
Interest Y-1 to the extent of the  Uncertificated  Lower-Tier  Regular  Interest Y-1 Principal  Reduction Amount in
reduction of the Uncertificated  Principal Balance of such regular interest and, second, the remainder,  if any, of
such principal  portion of such Realized Losses shall be allocated to  Uncertificated  Lower-Tier  Regular Interest
Z-1 in reduction of the Uncertificated  Principal Balance thereof;  (2) the principal portion of Realized Losses on
Group 2 Mortgage Loans shall be allocated,  first, to Uncertificated  Lower-Tier Regular Interest Y-2 to the extent
of  the  Uncertificated   Lower-Tier  Regular  Interest  Y-2  Principal   Reduction  Amount  in  reduction  of  the
Uncertificated  Principal  Balance of such regular interest and, second,  the remainder,  if any, of such principal
portion of such Realized Losses shall be allocated to Uncertificated  Lower-Tier  Regular Interest Z-2 in reduction
of the Uncertificated  Principal Balance thereof;  (3) the principal portion of Realized Losses on Group 3 Mortgage
Loans  shall  be  allocated,  first,  to  Uncertificated  Lower-Tier  Regular  Interest  Y-3 to the  extent  of the
Uncertificated  Lower-Tier  Regular  Interest Y-3  Principal  Reduction  Amount in reduction of the  Uncertificated
Principal  Balance of such regular interest and, second,  the remainder,  if any, of such principal portion of such
Realized  Losses  shall be  allocated  to  Uncertificated  Lower-Tier  Regular  Interest  Z-3 in  reduction  of the
Uncertificated  Principal  Balance  thereof;  and (4) the principal  portion of Realized Losses on Group 4 Mortgage
Loans  shall  be  allocated,  first,  to  Uncertificated  Lower-Tier  Regular  Interest  Y-4 to the  extent  of the
Uncertificated  Lower-Tier  Regular  Interest Y-4  Principal  Reduction  Amount in reduction of the  Uncertificated
Principal  Balance of such regular interest and, second,  the remainder,  if any, of such principal portion of such
Realized  Losses  shall be  allocated  to  Uncertificated  Lower-Tier  Regular  Interest  Z-4 in  reduction  of the
Uncertificated Principal Balance thereof.

                  Lower-Tier REMIC: As defined in the Preliminary Statement.

                                                             17

                  Master Servicer:  As of the Closing Date, U.S. Bank and,  thereafter,  its respective  successors
in interest that meet the qualifications as Master Servicer pursuant to this Agreement.

                  MERS:  As defined in Section 2.01(b)(iii).

                  Monthly  Payment:  The  scheduled  monthly  payment  on a  Mortgage  Loan  due  on any  Due  Date
allocable to principal and/or interest on such Mortgage Loan which, unless otherwise  specified herein,  shall give
effect to any related Debt Service Reduction,  Deficient  Valuation or Relief Act Reduction that affects the amount
of the monthly payment due on such Mortgage Loan.

                  Moody's:  Moody's Investors Service, Inc. or any successor thereto.

                  Mortgage:  The  mortgage,  deed of trust  or  other  instrument  creating  a lien on a  Mortgaged
Property securing a Mortgage Note or creating a lien on a leasehold interest.

                  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  Interest  Rate:  As to any  Mortgage  Loan,  the per annum  rate of  interest  at which
interest  accrues on the principal  balance of such Mortgage Loan, as adjusted from time to time in accordance with
the provisions of the related  Mortgage Note,  which rate is (a) prior to the first Rate  Adjustment  Date for each
such Mortgage Loan,  the Mortgage  Interest Rate for such Mortgage Loan indicated on the Mortgage Loan Schedule and
(b) from and after such Rate  Adjustment  Date, sum of the Index, as of the Rate Adjustment Date applicable to such
Due Date,  and the Gross  Margin,  rounded as set forth in such  Mortgage  Note,  subject to the Initial  Cap,  the
Periodic Cap and the Lifetime Cap  applicable  to such  Mortgage  Loan at any time during the life of such Mortgage
Loan.

                  Mortgage Loan Purchase  Agreement:  The Mortgage Loan Purchase  Agreement,  dated March 27, 2007,
between Wachovia Bank, National Association, as seller, and the Depositor, as purchaser.

                  Mortgage  Loan  Schedule:  The list of  Mortgage  Loans  (as  from  time to time  amended  by the
applicable  Servicer to reflect the addition of Substitute  Mortgage  Loans and the deletion of Defective  Mortgage
Loans pursuant to the provisions of this Agreement)  attached hereto as Exhibit D-1,  Exhibit D-2,  Exhibit D-3 and
Exhibit D-4. The Mortgage Loan Schedule  shall set forth the  following  information  with respect to each Mortgage
Loan:  (i) the  Mortgage  Loan  identifying  number;  (ii) a code  indicating  whether  the  Mortgaged  Property is
owner-occupied;  (iii) the property type for each Mortgaged  Property;  (iv) the original months to maturity or the
remaining  months to maturity from the Cut-Off Date; (v) the  Loan-to-Value  Ratio as of the Cut-off Date; (vi) the
Mortgage  Interest  Rate as of the Cut-off Date;  (vii) the date on which the first Monthly  Payment was due on the
Mortgage  Loan,  and,  if such date is not the Due Date  currently  in  effect,  such Due Date;  (viii)  the stated
maturity date; (ix) the amount of the Monthly Payment as of the Cut-Off Date; (x) the  paid-through  date; (xi) the
original  principal amount of the Mortgage Loan;  (xii) the principal  balance of the Mortgage Loan as of the close
of business on the Cut-Off  Date,  after  application  of payments of principal  due on or before the Cut-Off Date,
whether or not  collected,  and after  deduction of any payments  collected  of scheduled  principal  due after the
Cut-Off  Date;  (xiii)  a  code  indicating  the  purpose  of the  Mortgage  Loan;  (xiv)  a  code  indicating  the
documentation  style;  (xv) the Appraised  Value;  (xvi) the first Rate Adjustment  Date;  (xvii) the Rate Ceiling;
(xviii)  the Initial  Cap;  (xix) the  Periodic  Cap;  (xx) the Gross  Margin;  and (xxi) the closing  date of such
Mortgage  Loan.  With  respect  to the  Mortgage  Loans in each Loan  Group in the  aggregate,  the  Mortgage  Loan
Schedule  shall set forth the  following  information,  as of the Cut-Off Date:  (i) the number of Mortgage  Loans;
(ii) the current  aggregate  outstanding  principal  balance of the  Mortgage  Loans;  (iii) the  weighted  average
Mortgage  Interest Rate of the Mortgage  Loans;  and (iv) the weighted  average  months to maturity of the Mortgage
Loans.

                                                             18

                  Mortgage Loans:  The mortgage loans identified in the Mortgage Loan Schedule.

                  Mortgage  Note: The originally  executed note or other  evidence of  indebtedness  evidencing the
indebtedness of a Mortgagor under a Mortgage Loan, together with all riders thereto and amendments thereof.

                  Mortgaged  Property:  The underlying  property  securing a Mortgage Loan, which may include Co-op
Shares or residential long-term leases.

                  Mortgagor:  The obligor on a Mortgage Note.

                  National City:  As defined in the recitals hereto.

                  National  City  Mortgage  Loans:  The Mortgage  Loans  serviced by National City or any successor
thereto as a Servicer hereunder.

                  Net Mortgage  Interest  Rate: As to any Mortgage Loan and any  Distribution  Date,  such Mortgage
Loan's  Mortgage  Interest  Rate  thereon  on the  first  day of the  month  preceding  the  month  of the  related
Distribution Date reduced by the Servicing Fee Rate and the Certificate Administrator Fee Rate.

                  Net WAC:  As to any Loan  Group  and any  Distribution  Date,  the  weighted  average  of the Net
Mortgage  Interest  Rates of the  Mortgage  Loans in such Loan Group  (based on Stated  Principal  Balances  of the
Mortgage Loans in such Loan Group on the Due Date in the month preceding the month of such Distribution Date).

                  Non-Supported  Interest  Shortfalls:  As to any Distribution  Date, the amount,  if any, by which
the aggregate of Prepayment Interest Shortfalls exceeds Compensating Interest for such Distribution Date.

                  Non-U.S. Person:  A Person other than a U.S. Person.

                  Nonrecoverable  Advance:  Any  portion of an Advance  previously  made or  proposed to be made in
respect of a Mortgage Loan which has not been  previously  reimbursed and which,  in the good faith judgment of the
Master  Servicer or the Servicer  servicing  such Mortgage  Loan,  will not or, in the case of a proposed  Advance,
would not be ultimately  recoverable from the related Mortgagor,  related Liquidation Proceeds, or other recoveries
in respect of the related Mortgage Loan.

                                                             19

                  Officer's  Certificate:  A certificate  signed by the Chairman of the Board, Vice Chairman of the
Board,  President or a Vice  President and by the  Treasurer,  the Secretary or one of the Assistant  Treasurers or
Assistant  Secretaries,  or any other duly authorized officer of the Depositor,  the Master Servicer or a Servicer,
as the case may be.

                  Opinion of Counsel:  A written  opinion of counsel  acceptable  to the Trustee if such opinion is
delivered  to the Trustee or  acceptable  to the  Certificate  Administrator  if such  opinion is  delivered to the
Certificate  Administrator,  who may be counsel for the Depositor,  the Master Servicer or a Servicer,  except that
any opinion of counsel  relating to the  qualification  of the Upper-Tier  REMIC or the Lower-Tier REMIC as a REMIC
or compliance  with the REMIC  Provisions must be an opinion of Independent  counsel.  Any Opinion of Counsel shall
not be at the expense of the Trustee or the Certificate Administrator.

                  Original  Fractional  Interest:  With  respect to each of the  following  Classes of  Subordinate
Certificates, the corresponding percentage described below, as of the Closing Date:

                                    Class B-1                         1.95%
                                    Class B-2                         1.30%
                                    Class B-3                         0.80%
                                    Class B-4                         0.50%
                                    Class B-5                         0.25%
                                    Class B-6                         0.00%

                  Original Subordinate Certificate Balance: $11,711,618.73.

                  OTS:  The Office of Thrift Supervision.

                  Outstanding  Mortgage  Loan:  As to any Due Date, a Mortgage  Loan which was not the subject of a
Principal  Prepayment  in Full prior to such Due Date,  which did not become a  Liquidated  Mortgage  Loan prior to
such Due Date and which was not purchased from the Trust prior to such Due Date pursuant to Sections 2.02 or 2.04.

                  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:  As to each Class of  interest-bearing  Certificates,  the per annum rate set
forth in the Preliminary Statement.

                  PCAOB:  The Public Company Accounting Oversight Board.

                  Percentage  Interest:  As to any  Certificate,  the  percentage  obtained by dividing the initial
Certificate  Balance  of such  Certificate  by the  Initial  Class  Certificate  Balance of the Class of which such
Certificate is a part.

                                                             20

                  Periodic  Advance:  The  payment  required  to  be  made  by  a  Servicer  with  respect  to  any
Distribution  Date  pursuant  to Section  3.20,  the amount of any such  payment  being equal to the  aggregate  of
Monthly  Payments  (net of the  Servicing Fee for such  Servicer) on the Mortgage  Loans  serviced by such Servicer
(including  any REO  Property)  that were due on the related Due Date and not  received as of the close of business
on the related  Determination  Date, less the aggregate  amount of any such delinquent  payments that such Servicer
has determined would constitute a Nonrecoverable Advance if advanced.

                  Periodic  Cap:  For each  Mortgage  Loan,  the  applicable  limit on  adjustment  of the Mortgage
Interest  Rate for each Rate  Adjustment  Date (other than the  initial  Rate  Adjustment  Date)  specified  in the
applicable Mortgage Note and designated as such in the Mortgage Loan Schedule.

                  Permitted Investments:  One or more of the following:

                           (i)      obligations  of or  guaranteed  as to  principal  and  interest  by the  United
         States,  FHLMC,  FNMA or any agency or  instrumentality  of the United  States when such  obligations  are
         backed by the full faith and credit of the  United  States;  provided  that such  obligations  of FHLMC or
         FNMA shall be limited to senior  debt  obligations  and  mortgage  participation  certificates  other than
         investments  in  mortgage-backed  or mortgage  participation  securities  with yields  evidencing  extreme
         sensitivity  to the rate of principal  payments on the  underlying  mortgages,  which shall not constitute
         Permitted Investments hereunder;

                           (ii)     repurchase  agreements on obligations specified in clause (i) maturing not more
         than one month from the date of  acquisition  thereof with a  corporation  incorporated  under the laws of
         the United  States or any state  thereof  rated not lower than "A-1+" by S&P,  "F-1" by Fitch and "P-1" by
         Moody's;

                           (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  incorporated  under the laws of the United States or any state thereof,  rated not lower than
         "A-1+" by S&P, "F-1" by Fitch and "P-1" by Moody's;

                           (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 is rated not
         lower than "A-1+" by S&P, "F-1" by Fitch and "P-1" by Moody's;

                           (v)      investments in money market funds (including  funds of the institutions  acting
         as  Trustee,  Master  Servicer,  Certificate  Administrator  or their  affiliates,  or funds  for which an
         affiliate of the  institutions  acting as Trustee,  Master Servicer or Certificate  Administrator  acts as
         advisor,  as well as funds for which the  institutions  acting as Trustee,  Master Servicer or Certificate
         Administrator  and its respective  affiliates may receive  compensation)  rated either "AAA" by S&P, "AAA"
         by Fitch and "Aaa" by Moody's or otherwise approved in writing by each Rating Agency; and

                                                             21

                           (vi)     other  obligations or securities that are acceptable to each Rating Agency (but
         which,  in no event,  are rated  below the top two  rating  categories  by each  Rating  Agency)  and,  as
         evidenced by an Opinion of Counsel  obtained by the Servicers,  will not affect the  qualification  of the
         Upper-Tier REMIC or the Lower-Tier REMIC as a REMIC;

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

                  Permitted  Transferee:  Any  Person  other  than  (i) the  United  States,  or any  State  or any
political  subdivision  thereof,  or  any  agency  or  instrumentality  of any of  the  foregoing,  (ii) a  foreign
government,  international  organization  or any agency or  instrumentality  of either of the  foregoing,  (iii) an
organization  which is exempt from tax imposed by Chapter 1 of the Code  (including  the tax imposed by Section 511
of the Code on unrelated business taxable income) (except certain farmers'  cooperatives  described in Code Section
521), (iv) rural electric and telephone  cooperatives  described in Code Section  1381(a)(2)(C),  (v) a U.S. Person
with  respect to whom  income is  attributable  to a foreign  permanent  establishment  or fixed base  (within  the
meaning  of an  applicable  income  tax  treaty) of such  Person or any other  Person and (vi) any other  Person so
designated  by the  Servicer  based on an Opinion of Counsel to the effect  that any  transfer  to such  Person may
cause the Trust or any other  Holder of a Residual  Certificate  to incur tax  liability  that would not be imposed
other than on account of such  transfer.  The terms  "United  States,"  "State"  and  "international  organization"
shall have the meanings set forth in Code Section 7701 or successor provisions.

                  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, or any other entity or organization, whether or not a legal entity.

                  Physical Certificates:  The Class 1-A-R, Class B-4, Class B-5 and Class B-6 Certificates.

                  Plan:  As defined in Section 6.02(e).

                                                             22

                  Pool  Distribution  Amount:  As to any  Distribution  Date and Loan Group,  the excess of (a) the
sum of (i) the aggregate of (A) the interest  portion of any Monthly  Payment on a Mortgage Loan in such Loan Group
(net of the  Servicing Fee for the Servicer of such Loan Group) and the  principal  portion of any Monthly  Payment
on a Mortgage Loan in such Loan Group due on the Due Date in the month in which such  Distribution  Date occurs and
which is  received  prior  to the  related  Determination  Date  and (B) all  Periodic  Advances  and  payments  of
Compensating  Interest made by such Servicer in respect of such Loan Group and  Distribution  Date deposited to the
Servicer Custodial Account pursuant to Section  3.08(b)(vii),  or any Periodic Advances or payments of Compensating
Interest  deposited by the Master  Servicer in the Collection  Account  pursuant to Section  3.08(f)(ii);  (ii) all
Liquidation  Proceeds  and  Insurance  Proceeds  received  on the  Mortgage  Loans in such Loan  Group  during  the
preceding   calendar   month  and   deposited  to  the   applicable   Servicer   Custodial   Account   pursuant  to
Section 3.08(b)(iii)  or  to  the  Collection  Account  pursuant  to  Section  3.08(f)(iii);  (iii)  all  Principal
Prepayments  received  on the  Mortgage  Loans in such Loan  Group  during  the month  preceding  the month of such
Distribution  Date and  deposited to the  applicable  Servicer  Custodial  Account  pursuant to Section  3.08(b)(i)
during such period;  (iv) in connection  with  Defective  Mortgage  Loans in such Loan Group,  as  applicable,  the
aggregate of the Repurchase Prices and Substitution  Adjustment  Amounts  deposited on the related  Remittance Date
pursuant to  Section 3.08(b)(vi);  (v) any other amounts in the applicable  Servicer  Custodial  Account  deposited
therein  pursuant  to  Sections  3.08(b)(iv),  (v) and  (viii),  and any other  amounts in the  Collection  Account
deposited  therein pursuant to Sections  3.08(f)(iv),  (v) or (vi), in respect of such  Distribution  Date and such
Loan Group;  and (vi) any  Subsequent  Recovery  with  respect to such  Distribution  Date over (b) any (i) amounts
permitted to be withdrawn  from the applicable  Servicer  Custodial  Account  pursuant to clauses (i) through (ix),
inclusive,  of Section  3.11(a) in respect of such Loan Group and (ii) amounts  permitted to be withdrawn  from the
Collection  Account pursuant to Section 3.11(b) in respect of such Loan Group;  provided that any amounts withdrawn
pursuant  to clauses  (iii) and (vii) of Section  3.11(a)  and  clauses  (ii) and (v) of  Section 3.11(b)  shall be
allocated in reduction of the Pool  Distribution  Amount for each Loan Group on a pro rata basis in accordance with
the Pool Stated Principal Balances for such Distribution Date.

                  Pool  Stated  Principal  Balance:  As to any  Distribution  Date and Loan  Group,  the  aggregate
Stated  Principal  Balances  of all  Mortgage  Loans in such  Loan  Group  that  were  Outstanding  Mortgage  Loans
immediately following the Due Date in the month preceding the month in which such Distribution Date occurs.

                  Predecessor Servicer Work Product:  As defined in Section 3.25(f).

                  Prepayment  Interest  Shortfall:  As to any Distribution Date and each Mortgage Loan subject to a
Principal  Prepayment  received during the calendar month preceding such Distribution  Date, the amount, if any, by
which one  month's  interest at the related  Mortgage  Interest  Rate (net of the  Servicing  Fee for the  Servicer
servicing such Mortgage Loan) on such Principal  Prepayment  exceeds the amount of interest paid in connection with
such Principal Prepayment.

                  Primary   Insurance  Policy:   Each  policy  of  primary  mortgage  guaranty   insurance  or  any
replacement  policy  therefor with respect to any Mortgage  Loan,  in each case issued by an insurer  acceptable to
FNMA or FHLMC.

                  Principal  Amount:  As to any  Distribution  Date and a Loan Group,  the sum of (a) the principal
portion of each  Monthly  Payment due on each  Mortgage  Loan in such Loan Group on the  related Due Date,  (b) the
principal  portion of the  Repurchase  Price of each Mortgage Loan in such Loan Group that was  repurchased  by the
Depositor  pursuant to this Agreement as of such  Distribution  Date,  (c) any  Substitution  Adjustment  Amount in
connection with a Defective  Mortgage Loan in such Loan Group received with respect to such Distribution  Date, (d)
any  Liquidation  Proceeds  allocable to recoveries of principal of Mortgage  Loans in such Loan Group that are not
yet Liquidated  Mortgage Loans received  during the calendar month preceding the month of such  Distribution  Date,
(e) with  respect to each  Mortgage  Loan in such Loan Group that  became a  Liquidated  Mortgage  Loan  during the
calendar  month  preceding the month of such  Distribution  Date,  the amount of  Liquidation  Proceeds  (excluding
Excess  Proceeds)  allocable to principal  received with respect to such  Mortgage  Loan during the calendar  month
preceding the month of such Distribution Date, (f) any Subsequent  Recoveries  received by the Servicers during the
calendar month  preceding the month of such  Distribution  Date, and (g) all Principal  Prepayments on the Mortgage
Loans in such Loan Group received during the calendar month preceding the month of such Distribution Date.

                                                             23

                  Principal  Prepayment:  Any payment or other  recovery  of  principal  on a Mortgage  Loan (other
than  Liquidation  Proceeds)  which is received in advance of its scheduled Due Date and is not  accompanied  by an
amount  of  interest  representing  scheduled  interest  due on any date in any  month  subsequent  to the month of
prepayment.

                  Principal  Prepayment in Full:  Any Principal  Prepayment  of the entire  principal  balance of a
Mortgage Loan.

                  Private Certificates:  The Class B-4, Class B-5 and Class B-6 Certificates.

                  Pro Rata Share: As to any  Distribution  Date and any Class of Subordinate  Certificates  that is
not a Restricted  Class,  the portion of the Subordinate  Principal  Distribution  Amount  allocable to such Class,
equal to the product of the Subordinate  Principal  Distribution  Amount for such Distribution Date and a fraction,
the  numerator  of which is the related  Class  Certificate  Balance  thereof and the  denominator  of which is the
aggregate Class Certificate Balance of the Subordinate  Certificates that are not Restricted  Classes.  Solely with
respect to  Unscheduled  Principal  Payments,  the Pro Rata Share of a  Restricted  Class shall be 0%. The Pro Rata
Share of a Class of  Subordinate  Certificates  may be  computed  for each of  clause  (i) and  clause  (ii) of the
definition of "Subordinate  Principal  Distribution Amount" in the event the Restricted Classes differ with respect
to each clause.

                  Qualified  Appraiser:  An appraiser of a Mortgaged  Property duly  appointed by the originator of
the related  Mortgage Loan,  who had no interest,  direct or indirect,  in such  Mortgaged  Property or in any loan
made on the security  thereof,  whose  compensation  is not affected by the approval or  disapproval of the related
Mortgage Loan and who met the minimum qualifications of FNMA or FHLMC.

                  Rate  Adjustment  Date:  As to each  Mortgage  Loan,  the Due Date on which an  adjustment to the
Mortgage  Interest Rate of such Mortgage Loan becomes  effective under the related Mortgage Note, which Due Date is
the  date  set  forth in the  Mortgage  Loan  Schedule  as the  first  Rate  Adjustment  Date  and each  subsequent
anniversary thereof.

                  Rate Ceiling:  The maximum per annum Mortgage  Interest Rate permitted under the related Mortgage
Note.

                                                             24

                  Rating Agency:  Each of S&P and Fitch.  If any such  organization  or a successor is no longer in
existence,  "Rating  Agency"  shall  be such  nationally  recognized  statistical  rating  organization,  or  other
comparable  Person,  as is  designated  by the  Depositor,  notice  of  which  designation  shall  be  given to the
Certificate  Administrator  and the Trustee.  References  herein to a given  rating or rating  category of a Rating
Agency shall mean such rating category without giving effect to any modifiers.

                  Realized Loss:  With respect to each  Liquidated  Mortgage Loan, an amount as of the date of such
liquidation,  as  reported  by the  related  Servicer  to the  Certificate  Administrator,  equal to (i) the unpaid
principal  balance of the Liquidated  Mortgage Loan as of the date of such  liquidation,  plus (ii) interest at the
Net Mortgage  Interest Rate from the Due Date as to which  interest was last paid to  Certificateholders  up to the
Due Date in the month in which  Liquidation  Proceeds  are  required  to be  distributed  on the  Stated  Principal
Balance  of such  Liquidated  Mortgage  Loan  from time to time,  minus  (iii) the  Liquidation  Proceeds,  if any,
received during the month in which such  liquidation  occurred,  to the extent applied as recoveries of interest at
the Net Mortgage  Interest Rate and to principal of the Liquidated  Mortgage  Loan. In addition,  to the extent the
applicable  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 reduce the
Class  Certificate  Balance of any Class of  Certificates on any  Distribution  Date. With respect to each Mortgage
Loan that has become the subject of a Deficient  Valuation,  if the principal amount due under the related Mortgage
Note has been reduced,  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,  as reported by the related  Servicer to the  Certificate  Administrator.  With respect to each Mortgage
Loan that has become the subject of a Debt Service  Reduction and any  Distribution  Date,  the amount,  if any, by
which the principal  portion of the related  Monthly  Payment has been reduced as reported by the related  Servicer
to the Certificate Administrator.

                  Record  Date:  The last day of the month (or, if such day is not a Business  Day,  the  preceding
Business Day) preceding the month of the related Distribution Date.

                  Refinance  Mortgage  Loan:  Any Mortgage Loan the proceeds of which were not used to purchase the
related Mortgaged Property.

                  Regular Certificates:  As defined in the Preliminary Statement hereto.

                  Regulation  AB: Means  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 Red. 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.

                  Relevant Servicing  Criteria:  The Servicing Criteria  applicable to the various parties,  as set
forth on Exhibit R attached hereto. For clarification  purposes,  multiple parties can have  responsibility for the
same  Relevant  Servicing  Criteria.  With  respect  to a  Servicing  Function  Participant  engaged  by the Master
Servicer,  each Servicer, the Certificate  Administrator or the Trustee, the term "Relevant Servicing Criteria" may
refer to a part of the Relevant Servicing Criteria applicable to such parties.

                                                             25

                  Related  Group:  With  respect  to Loan  Group 1,  means  Group 1; with  respect to Loan Group 2,
means Group 2; with respect to Loan Group 3, means Group 3; and with respect to Loan Group 4, means Group 4.

                  Related  Loan Group:  With respect to the Group 1-A  Certificates,  Loan Group 1, with respect to
the Group 2-A  Certificates,  Loan  Group 2, with  respect  to the Group 3-A  Certificates,  Loan Group 3, and with
respect to the Group 4-A Certificates, Loan Group 4.

                  Relief Act:  The Servicemembers' Civil Relief Act, as amended.

                  Relief Act Reduction:  With respect to any  Distribution  Date, for any Mortgage Loan as to which
there has been a reduction  in the amount of interest  collectible  thereon for the most  recently  ended  calendar
month as a result of the  application of the Relief Act or comparable  state  legislation,  the amount,  if any, by
which  (i) interest  collectible  on such  Mortgage Loan for the most recently  ended  calendar  month is less than
(ii) interest  accrued  pursuant to the terms of the Mortgage  Note on the same  principal  amount and for the same
period as the interest collectible on such Mortgage Loan for the most recently ended calendar month.

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

                  REMIC   Certificate   Maturity  Date:  The  "latest  possible   maturity  date"  of  the  Regular
Certificates as that term is defined in Section 2.08.

                  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 promulgated  thereunder,  as the foregoing may be in effect from time to time,
as well as provisions of applicable state laws.

                  Remittance  Date: As to any  Distribution  Date, the 18th calendar day of the month in which such
Distribution Date occurs or if such day is not a Business Day, the immediately preceding Business Day.

                  REO  Proceeds:  Proceeds,  net of any related  expenses of the  Servicer,  received in respect of
any REO Property  (including,  without  limitation,  proceeds  from the rental of the related  Mortgaged  Property)
which are received prior to the final liquidation of such Mortgaged Property.

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

                  Reportable Event:  As defined in Section 12.04.

                                                             26

                  Reporting Servicer:  As defined in Section 12.03.

                  Repurchase  Price:  As to any  Defective  Mortgage  Loan  repurchased  on any  date  pursuant  to
Sections  2.02 or 2.04, an amount equal to the sum of (i) the Stated  Principal  Balance  thereof,  (ii) the unpaid
accrued  interest  thereon at the  applicable  Mortgage  Interest Rate from the Due Date to which interest was last
paid by the  Mortgagor  to the first day of the  month  following  the month in which  such  Mortgage  Loan  became
required to be  repurchased,  and (iii) any costs and damages  incurred by the Trust in connection with a breach of
the  representation  contained  in  Section  7(iii) of the  Mortgage  Loan  Purchase  Agreement  as a result of any
violation of any predatory or abusive lending law with respect to such Mortgage Loan.

                  Request  for  Release:  The  Request  for Release  submitted  by the  Servicer to the  Custodian,
substantially in the form of Exhibit E.

                  Required  Insurance  Policy:  With respect to any Mortgage  Loan,  any insurance  policy which is
required to be maintained from time to time under this Agreement in respect of such Mortgage Loan.

                  Residual Certificates:  The Class 1-A-R Certificates.

                  Responsible  Officer:  When used with  respect to the Trustee or the  Certificate  Administrator,
any officer of the Corporate  Trust  Department of the Trustee or  Certificate  Administrator,  as the case may be,
including any Senior Vice President,  any Vice President,  any Assistant Vice President,  any Assistant  Secretary,
any Trust Officer or Assistant  Trust Officer,  or any other officer of the Trustee or  Certificate  Administrator,
as the case may be,  customarily  performing  functions  similar to those performed by any of the above  designated
officers and, in each case, having responsibility for the administration of this Agreement.

                  Restricted Classes:  As defined in Section 5.02(d).

                  S&P:  Standard & Poor's,  a Division of The  McGraw-Hill  Companies,  Inc., and its successors in
interest.

                  Sarbanes-Oxley  Act:  The  Sarbanes-Oxley  Act of  2002  and the  rules  and  regulations  of the
Commission promulgated thereunder (including any interpretations thereof by the Commission's staff).

                  Sarbanes-Oxley Certification:  As defined in Section 12.09.

                  Seller:  Wachovia  Bank,  National  Association,  as  seller  of the  Mortgage  Loans  under  the
Mortgage Loan Purchase Agreement.

                  Senior Certificates:  The Class A Certificates.

                  Senior  Credit  Support  Depletion  Date:  The  date on which  the  aggregate  Class  Certificate
Balance of the Subordinate Certificates is reduced to zero.

                                                             27

                  Senior  Percentage:  With  respect to any  Distribution  Date and a Loan Group,  the  percentage,
carried  six places  rounded up,  obtained  by  dividing  the  aggregate  Class  Certificate  Balance of the Senior
Certificates of the Related Loan Group  immediately  prior to such  Distribution  Date by the Pool Stated Principal
Balance of such Loan Group immediately prior to such Distribution Date.

                  Senior  Prepayment  Percentage:  For any  Distribution  Date and a Loan  Group  during  the seven
years beginning on the first  Distribution  Date, 100%. The Senior Prepayment  Percentage for any Distribution Date
and a Loan Group occurring on or after the seven year anniversary of the first  Distribution  Date will,  except as
provided herein, be as follows:  for any Distribution Date in the first year thereafter,  the Senior Percentage for
such Loan Group plus 70% of the  Subordinate  Percentage  for such Loan Group for such  Distribution  Date; for any
Distribution  Date in the  second  year  thereafter,  the  Senior  Percentage  for such Loan  Group plus 60% of the
Subordinate  Percentage  for such Loan Group for such  Distribution  Date; for any  Distribution  Date in the third
year  thereafter,  the Senior  Percentage for such Loan Group plus 40% of the Subordinate  Percentage for such Loan
Group for such Distribution  Date; for any Distribution  Date in the fourth year thereafter,  the Senior Percentage
for such Loan Group plus 20% of the  Subordinate  Percentage  for such Loan Group for such  Distribution  Date; and
for any Distribution  Date in the fifth or later years  thereafter,  the Senior  Percentage for such Loan Group for
such Distribution Date (unless on any of the foregoing  Distribution  Dates the Total Senior Percentage exceeds the
initial Total Senior  Percentage,  in which case the Senior  Prepayment  Percentage for Loan Group 1, Loan Group 2,
Loan Group 3 and Loan Group 4 for such  Distribution  Date will once again equal 100%);  provided,  however,  if on
any Distribution Date prior to the April 2010 Distribution Date, prior to giving effect to any  distributions,  the
Aggregate  Subordinate  Percentage is greater than or equal to twice such  percentage  calculated as of the Closing
Date, then the Senior  Prepayment  Percentage for each Loan Group for such  Distribution Date will equal the Senior
Percentage  for such Loan Group plus 50% of the  Subordinate  Percentage  for such Loan  Group;  provided  further,
however,  if on or after  the April  2010  Distribution  Date,  prior to giving  effect to any  distributions,  the
Aggregate  Subordinate  Percentage is greater than or equal to twice such  percentage  calculated as of the Closing
Date, then the Senior  Prepayment  Percentage for each Loan Group for such  Distribution Date will equal the Senior
Percentage for such Loan Group.  Notwithstanding  the foregoing,  no decrease in the Senior  Prepayment  Percentage
for any Loan Group will occur unless both of the Senior Step Down Conditions are satisfied.

                  Senior Principal  Distribution  Amount:  As to any  Distribution  Date and Loan Group, the sum of
(i) the  Senior  Percentage  for such Loan  Group of the  amounts  described  in  clauses  (a)  through  (d) of the
definition  of  "Principal  Amount"  for such  Distribution  Date and Loan  Group  and (ii) the  Senior  Prepayment
Percentage  for such Loan  Group of the  amounts  described  in  clauses  (e),  (f) and  (g) of the  definition  of
"Principal Amount" for such Distribution Date and Loan Group.

                  Senior  Step  Down  Conditions:  As of any  Distribution  Date as to which  any  decrease  in the
Senior  Prepayment  Percentage for any Loan Group applies,  (i) the outstanding  principal  balance of all Mortgage
Loans (including,  for this purpose,  any Mortgage Loans in foreclosure or any REO Property)  delinquent 60 days or
more (averaged over the preceding six month period),  as a percentage of the aggregate  Class  Certificate  Balance
of the  Subordinate  Certificates,  is not equal to or greater  than 50% or (ii)  cumulative  Realized  Losses with
respect  to the  Mortgage  Loans as of the  applicable  Distribution  Date do not  exceed  the  percentages  of the
Original Subordinate Certificate Balance set forth below:

                                                             28

                                                                          Percentage of
                                                                       Original Subordinate
                Distribution Date Occurring                            Certificate Balance

April 2007 through March 2010                                                  20%

April 2010 through March 2015                                                  30%

April 2015 through March 2016                                                  35%

April 2016 through March 2017                                                  40%

April 2017 through March 2018                                                  45%

April 2018 and thereafter                                                      50%

                  Servicers:  National  City with respect to the National  City  Mortgage  Loans,  Fifth Third with
respect to the Fifth Third  Mortgage  Loans,  SunTrust with respect to the SunTrust  Mortgage Loans and Wells Fargo
with respect to the Wells Fargo Mortgage  Loans,  or, in each case,  its successor in interest,  in its capacity as
servicer of the related Mortgage Loans, or any successor servicer appointed as herein provided.

                  Servicer  Advance  Date:  As to any  Distribution  Date,  the 18th  calendar  day of the month in
which such Distribution Date occurs or if such day is not a Business Day, the immediately preceding Business Day.

                  Servicer  Custodial  Account:  Each separate  Eligible Account or Accounts created and maintained
by the Servicers pursuant to Section 3.08(b).

                  Servicer's Certificate:  The monthly report required by Section 4.01.

                  Service(s)(ing):  In accordance  with Regulation AB, the act of servicing and  administering  the
Mortgage  Loans or any other assets of the Trust by an entity that meets the  definition of "servicer" set forth in
Item 1101 of Regulation AB and is subject to the  disclosure  requirements  set forth in 1108 of Regulation AB. For
clarification  purposes,  any uncapitalized  occurrence of this term shall have the meaning commonly  understood by
participants in the residential mortgage-backed securitization market.

                  Servicing  Advances:  All customary,  reasonable and necessary "out of pocket" costs and expenses
incurred in the  performance  by a Servicer of its  servicing  obligations,  including,  but not limited to (i) the
preservation,  restoration  and protection of a Mortgaged  Property,  (ii) expenses  reimbursable  to such Servicer
pursuant  to  Section  3.14  and any  enforcement  or  judicial  proceedings,  including  foreclosures,  (iii)  the
management and liquidation of any REO Property and (iv) compliance with the obligations under Section 3.12.

                                                             29

                  Servicing  Criteria:  The  "servicing  criteria" set forth in Item 1122(d) of  Regulation  AB, as
such may be amended from time to time.

                  Servicing  Fee: With respect to each Mortgage Loan and  Distribution  Date, the amount of the fee
payable to the Servicer  servicing  such  Mortgage  Loan,  which shall,  for such  Distribution  Date,  be equal to
one-twelfth  of the product of the Servicing  Fee Rate with respect to such Mortgage Loan and the Stated  Principal
Balance of such  Mortgage  Loan,  subject to  reduction  as  provided  in Section  3.17.  Such fee shall be payable
monthly,  computed  on the basis of the same  Stated  Principal  Balance  and period  respecting  which any related
interest  payment on a Mortgage  Loan is computed.  A Servicer's  right to receive the  Servicing  Fee for Mortgage
Loans  serviced  by such  Servicer  is limited  to, and  payable  solely  from,  the  interest  portion  (including
recoveries  with respect to interest  from  Liquidation  Proceeds and other  proceeds,  to the extent  permitted by
Section 3.11) of related Monthly Payments collected by such Servicer, or as otherwise provided under Section 3.11.

                  Servicing Fee Rate:  With respect to each Mortgage  Loan  serviced by National  City,  0.250% per
annum,  with  respect to each  Mortgage  Loan  serviced  by Fifth  Third,  0.375% per annum,  with  respect to each
Mortgage  Loan  serviced by SunTrust,  0.375% per annum,  and with respect to each  Mortgage Loan serviced by Wells
Fargo, 0.250% per annum.

                  Servicing Function  Participant:  Any Subservicer,  Subcontractor or any other Person, other than
each Servicer,  the Master Servicer, the Trustee and the Certificate  Administrator,  that is "participating in the
servicing  function"  within the meaning of Item 1122 of  Regulation  AB, the  determination  of which shall be the
sole  responsibility of the related Servicer or Master Servicer,  unless such Person's activities relate only to 5%
or less of the Mortgage Loans (measured by aggregate  Stated Principal  Balance of the Mortgage Loans,  annually at
the  commencement  of the calendar  year prior to the year in which an  Assessment  of Compliance is required to be
delivered,  multiplied by a fraction,  the  numerator of which is the number of months during which such  Servicing
Function  Participant  Services the related  Mortgage Loans and the  denominator of which is 12, or, in the case of
the year in which the Closing  Date occurs,  the number of months  elapsed from the Cut-Off Date to the end of such
calendar year).

                  Servicing  Officer:   Any  officer  of  the  Master  Servicer  or  a  Servicer  involved  in,  or
responsible  for, the  administration  and master  servicing or servicing of the related  Mortgage Loans whose name
appears on a list of servicing  officers  furnished to the Certificate  Administrator and the Trustee by the Master
Servicer or such Servicer as such list may from time to time be amended.

                  Similar Law:  As defined in Section 6.02(e).

                  Stated  Principal  Balance:  As to any Mortgage Loan and date,  the unpaid  principal  balance of
such Mortgage Loan as of the Due Date  immediately  preceding such date as specified in the  amortization  schedule
at the time relating  thereto (before any adjustment to such  amortization  schedule by reason of any moratorium or
similar waiver or grace period) after giving effect to any previous partial  Principal  Prepayments and Liquidation
Proceeds  allocable to principal  (other than with respect to any  Liquidated  Mortgage Loan) and to the payment of
principal due on such Due Date and irrespective of any delinquency in payment by the related  Mortgagor,  and after
giving  effect to any  Deficient  Valuation,  plus any amounts  capitalized  as a result of  modifications  to such
Mortgage Loan pursuant to Section 3.21.

                                                             30

                  Subcontractor:  Any  vendor,  subcontractor  or  other  Person  that is not  responsible  for the
overall  servicing of Mortgage  Loans but performs one or more  discrete  functions  identified  in Item 1122(d) of
Regulation  AB with respect to Mortgage  Loans under the  direction or authority of any Servicer (or a  Subservicer
of any Servicer), the Master Servicer or the Certificate Administrator.

                  Subordinate Certificates:  The Class B Certificates.

                  Subordinate  Percentage:  As of any  Distribution  Date and Loan  Group,  100%  minus the  Senior
Percentage for such Loan Group for such Distribution Date.

                  Subordinate  Prepayment  Percentage:  As to any Distribution  Date and Loan Group, 100% minus the
Senior Prepayment Percentage for such Loan Group for such Distribution Date.

                  Subordinate  Principal  Distribution  Amount:  With  respect  to any  Distribution  Date and Loan
Group,  an amount equal to the sum of (i) the Subordinate  Percentage for such Loan Group of all amounts  described
in clauses (a) through (d) of the definition of "Principal  Amount" for such  Distribution  Date and Loan Group and
(ii) the Subordinate  Prepayment  Percentage of the amounts described in clauses (e), (f) and (g) of the definition
of "Principal Amount" for such Distribution Date and Loan Group.

                  Subsequent  Recovery:  As to any  Distribution  Date  and  Loan  Group,  the  sum of all  amounts
received  during the calendar  month  preceding the month of such  Distribution  Date on each Mortgage Loan in such
Loan Group subsequent to such Mortgage Loan being determined to be a Liquidated Mortgage Loan.

                  Subservicer:  Any Person that (i) services  Mortgage  Loans on behalf of any Servicer and (ii) is
responsible  for the  performance  (whether  directly or through  sub-servicers  or  Subcontractors)  of  Servicing
functions  required to be performed under this Agreement or any Subservicing  Agreement that are identified in Item
1122(d) of Regulation AB.

                  Subservicing  Agreement:  Any subservicing  agreement  (which, in the event the Subservicer is an
Affiliate  of the related  Servicer,  need not be in writing)  between a Servicer and any  Subservicer  relating to
servicing and/or administration of certain Mortgage Loans as provided in Section 3.02.

                                                             31

                  Substitute  Mortgage Loan: A Mortgage Loan substituted for a Defective  Mortgage Loan which must,
on the date of such substitution (i) have a Stated Principal  Balance,  after deduction of the principal portion of
the  Monthly  Payment  due in the month of  substitution,  not in excess of,  and not more than 10% less than,  the
Stated Principal  Balance of the Defective  Mortgage Loan; (ii) have a Net Mortgage  Interest Rate equal to that of
the Defective  Mortgage  Loan;  (iii) have a  Loan-to-Value  Ratio not higher than that of the  Defective  Mortgage
Loan;  (iv) have a Gross Margin equal to that of the Defective  Mortgage  Loan; (v) have an Initial Cap, a Periodic
Cap and Rate  Ceiling  equal to that of the  Defective  Mortgage  Loan;  (vi) have the same Index and  frequency of
mortgage  interest rate  adjustment as the Defective  Mortgage  Loan;  (vii) have a remaining  term to maturity not
greater than (and not more than one year less than) that of the Defective  Mortgage Loan; and (viii) comply,  as of
the date of  substitution,  with each  Mortgage  Loan  representation  and  warranty  set  forth in this  Agreement
relating  to the  Defective  Mortgage  Loan.  More  than one  Substitute  Mortgage  Loan may be  substituted  for a
Defective Mortgage Loan if such Substitute Mortgage Loans meet the foregoing attributes in the aggregate.

                  Substitution Adjustment Amount:  As defined in Section 2.02.

                  SunTrust:  As defined in the recitals hereto.

                  SunTrust  Mortgage Loans:  The Mortgage Loans serviced by SunTrust or any successor  thereto as a
Servicer hereunder.

                  Tax Matters  Person:  Any person  designated as "tax matters  person" in accordance  with Section
5.06 and the manner provided under Treasury Regulation § 1.860F-4(d) and Treasury Regulation § 301.6231(a)(7)-1.

                  Total Senior  Percentage:  With respect to any  Distribution  Date, the  percentage,  carried six
places  rounded up,  obtained by dividing  the  aggregate  Class  Certificate  Balance of the Class A  Certificates
immediately  prior to such  Distribution  Date by the aggregate  Pool Stated  Principal  Balance of all Loan Groups
immediately prior to such Distribution Date.

                  Treasury  Regulations:  The final and  temporary  regulations  promulgated  under the Code by the
U.S. Department of the Treasury.

                  Trust:  The trust created by this Agreement.

                  Trust  Estate:  The  Mortgage  Loans,  such  assets as shall from time to time be  identified  as
deposited in the Servicer  Custodial  Account,  the Collection  Account or the Certificate  Account,  in accordance
with this Agreement, REO Property, the Primary Insurance Policies and any other Required Insurance Policy.

                  Trustee:  HSBC  Bank  USA,  National  Association,  and  its  successors-in-interest  and,  if  a
successor trustee is appointed hereunder, such successor, as trustee.

                  Uncertificated Accrued Interest:  With respect to any Uncertificated  Lower-Tier Regular Interest
for any  Distribution  Date,  one  month's  interest  at the  related  Uncertificated  Pass-Through  Rate  for such
Distribution  Date, accrued on the  Uncertificated  Principal Balance  immediately prior to such Distribution Date.
Uncertificated  Accrued Interest for the  Uncertificated  Lower-Tier Regular Interests shall accrue on the basis of
a 360-day year  consisting  of twelve  30-day  months.  For purposes of  calculating  the amount of  Uncertificated
Accrued Interest for the  Uncertificated  Lower-Tier  Regular  Interests for any Distribution  Date, any Prepayment
Interest  Shortfalls  or Relief Act  Reduction  (to the  extent not  covered  by  Compensating  Interest)  shall be
allocated  among the  Uncertificated  Lower-Tier  Regular  Interests,  pro rata,  based on,  and to the  extent of,
Uncertificated Accrued Interest, as calculated without application of this sentence.

                                                             32

                  Uncertificated Lower-Tier Regular Interests:  As defined in the Preliminary Statement.

                  Uncertificated  Lower-Tier Regular Interest Y Principal  Reduction Amounts:  For any Distribution
Date, the amounts by which the  Uncertificated  Principal  Balances of Uncertificated  Lower-Tier Regular Interests
Y-1,  Y-2,  Y-3 and Y-4 will be reduced on such  Distribution  Date by the  allocation  of Realized  Losses and the
distribution of principal, determined as described in Appendix 1.

                  Uncertificated  Lower-Tier  Regular  Interest  Y-1: A regular  interest in the  Lower-Tier  REMIC
that is held as an asset of the  Upper-Tier  REMIC,  that has an initial  principal  balance  equal to the  related
Uncertificated  Principal Balance,  that bears interest at the related  Uncertificated  Pass-Through Rate, and that
has such other terms as are described herein.

                  Uncertificated   Lower-Tier  Regular  Interest  Y-1  Principal   Distribution   Amount:  For  any
Distribution  Date, the excess, if any, of the Uncertificated  Lower-Tier Regular Interest Y-1 Principal  Reduction
Amount  for such  Distribution  Date over the  Realized  Losses  allocated  to  Uncertificated  Lower-Tier  Regular
Interest Y-1 on such Distribution Date in reduction of the Uncertificated Principal Balance thereof.

                  Uncertificated  Lower-Tier  Regular Interest Y-1 Principal  Reduction Amount:  The Uncertificated
Lower-Tier  Regular Interest Y Principal  Reduction Amount for  Uncertificated  Lower-Tier  Regular Interest Y-1 as
determined pursuant to the provisions of Appendix 1.

                  Uncertificated  Lower-Tier  Regular  Interest  Y-2: A regular  interest in the  Lower-Tier  REMIC
that is held as an asset of the  Upper-Tier  REMIC,  that has an initial  principal  balance  equal to the  related
Uncertificated  Principal Balance,  that bears interest at the related  Uncertificated  Pass-Through Rate, and that
has such other terms as are described herein.

                  Uncertificated   Lower-Tier  Regular  Interest  Y-2  Principal   Distribution   Amount:  For  any
Distribution  Date, the excess, if any, of the Uncertificated  Lower-Tier Regular Interest Y-2 Principal  Reduction
Amount  for such  Distribution  Date over the  Realized  Losses  allocated  to  Uncertificated  Lower-Tier  Regular
Interest Y-2 on such Distribution Date in reduction of the Uncertificated Principal Balance thereof.

                  Uncertificated  Lower-Tier  Regular Interest Y-2 Principal  Reduction Amount:  The Uncertificated
Lower-Tier  Regular Interest Y Principal  Reduction Amount for  Uncertificated  Lower-Tier  Regular Interest Y-2 as
determined pursuant to the provisions of Appendix 1.

                  Uncertificated  Lower-Tier  Regular  Interest  Y-3: A regular  interest in the  Lower-Tier  REMIC
that is held as an asset of the  Upper-Tier  REMIC,  that has an initial  principal  balance  equal to the  related
Uncertificated  Principal Balance,  that bears interest at the related  Uncertificated  Pass-Through Rate, and that
has such other terms as are described herein.

                                                             33

                  Uncertificated   Lower-Tier  Regular  Interest  Y-3  Principal   Distribution   Amount:  For  any
Distribution  Date, the excess, if any, of the Uncertificated  Lower-Tier Regular Interest Y-3 Principal  Reduction
Amount  for such  Distribution  Date over the  Realized  Losses  allocated  to  Uncertificated  Lower-Tier  Regular
Interest Y-3 on such Distribution Date in reduction of the Uncertificated Principal Balance thereof.

                  Uncertificated  Lower-Tier  Regular Interest Y-3 Principal  Reduction Amount:  The Uncertificated
Lower-Tier  Regular Interest Y Principal  Reduction Amount for  Uncertificated  Lower-Tier  Regular Interest Y-3 as
determined pursuant to the provisions of Appendix 1.

                  Uncertificated  Lower-Tier  Regular  Interest  Y-4: A regular  interest in the  Lower-Tier  REMIC
that is held as an asset of the  Upper-Tier  REMIC,  that has an initial  principal  balance  equal to the  related
Uncertificated  Principal Balance,  that bears interest at the related  Uncertificated  Pass-Through Rate, and that
has such other terms as are described herein.

                  Uncertificated   Lower-Tier  Regular  Interest  Y-4  Principal   Distribution   Amount:  For  any
Distribution  Date, the excess, if any, of the Uncertificated  Lower-Tier Regular Interest Y-4 Principal  Reduction
Amount  for such  Distribution  Date over the  Realized  Losses  allocated  to  Uncertificated  Lower-Tier  Regular
Interest Y-4 on such Distribution Date in reduction of the Uncertificated Principal Balance thereof.

                  Uncertificated  Lower-Tier  Regular Interest Y-4 Principal  Reduction Amount:  The Uncertificated
Lower-Tier  Regular Interest Y Principal  Reduction Amount for  Uncertificated  Lower-Tier  Regular Interest Y-4 as
determined pursuant to the provisions of Appendix 1.

                  Uncertificated  Lower-Tier  Y Regular  Interests:  Uncertificated  Lower-Tier  Regular  Interests
Y-1, Y-2, Y-3 and Y-4.

                  Uncertificated  Lower-Tier Regular Interest Z Principal  Reduction Amounts:  For any Distribution
Date, the amounts by which the  Uncertificated  Principal  Balances of Uncertificated  Lower-Tier Regular Interests
Z-1,  Z-2,  Z-3 and Z-4 will be reduced on such  Distribution  Date by the  allocation  of Realized  Losses and the
distribution  of  principal,  which  shall be in each case the  excess of (A) the sum of (x) the excess of the Pool
Distribution  Amount for the related  Loan Group (i.e.  the  "related  Loan  Group" for  Uncertificated  Lower-Tier
Regular Interest Z-1 is Loan Group 1, the "related Loan Group" for  Uncertificated  Lower-Tier Regular Interest Z-2
is the Loan Group 2, the "related Loan Group" for  Uncertificated  Lower-Tier  Regular Interest Z-3 is Loan Group 3
and the "related Loan Group" for  Uncertificated  Lower-Tier  Regular Interest Z-4 is Loan Group 4) over the sum of
the  amounts  thereof  distributable  (i) in  respect  of  interest  on  such  regular  interest  and  the  related
Uncertificated  Lower-Tier  Y Regular  Interest,  (ii) to such  regular  interest  and the  related  Uncertificated
Lower-Tier Y Regular Interest pursuant to clause (e)(i) of the definition of "Lower-Tier  Distribution  Amount" and
(iii) in the case of the Group 1  Mortgage  Loans,  to the Class  1-A-R  Certificates  in respect  of  Component  I
thereof  and (y) the amount of Realized  Losses  allocable  to  principal  for the related  Loan Group over (B) the
related Uncertificated Lower-Tier Regular Interest Y Principal Reduction Amount.

                                                             34

                  Uncertificated  Lower-Tier  Regular  Interest  Z-1: A regular  interest in the  Lower-Tier  REMIC
that is held as an asset of the  Upper-Tier  REMIC,  that has an initial  principal  balance  equal to the  related
Uncertificated  Principal Balance,  that bears interest at the related  Uncertificated  Pass-Through Rate, and that
has such other terms as are described herein.

                  Uncertificated   Lower-Tier  Regular  Interest  Z-1  Principal   Distribution   Amount:  For  any
Distribution  Date, the excess, if any, of the Uncertificated  Lower-Tier Regular Interest Z-1 Principal  Reduction
Amount  for such  Distribution  Date over the  Realized  Losses  allocated  to  Uncertificated  Lower-Tier  Regular
Interest Z-1 on such Distribution Date in reduction of the principal balance thereof.

                  Uncertificated  Lower-Tier  Regular Interest Z-1 Principal  Reduction Amount:  The Uncertificated
Lower-Tier  Regular Interest Z Principal  Reduction Amount for  Uncertificated  Lower-Tier  Regular Interest Z-1 as
determined pursuant to the provisions of Appendix 1.

                  Uncertificated  Lower-Tier  Regular  Interest  Z-2: A regular  interest in the  Lower-Tier  REMIC
that is held as an asset of the  Upper-Tier  REMIC,  that has an initial  principal  balance  equal to the  related
Uncertificated  Principal Balance,  that bears interest at the related  Uncertificated  Pass-Through Rate, and that
has such other terms as are described herein.

                  Uncertificated   Lower-Tier  Regular  Interest  Z-2  Principal   Distribution   Amount:  For  any
Distribution  Date, the excess, if any, of the Uncertificated  Lower-Tier Regular Interest Z-2 Principal  Reduction
Amount  for such  Distribution  Date over the  Realized  Losses  allocated  to  Uncertificated  Lower-Tier  Regular
Interest Z-2 on such Distribution Date in reduction of the principal balance thereof.

                  Uncertificated  Lower-Tier  Regular Interest Z-2 Principal  Reduction Amount:  The Uncertificated
Lower-Tier  Regular Interest Z Principal  Reduction Amount for  Uncertificated  Lower-Tier  Regular Interest Z-2 as
determined pursuant to the provisions of Appendix 1.

                  Uncertificated  Lower-Tier  Regular  Interest  Z-3: A regular  interest in the  Lower-Tier  REMIC
that is held as an asset of the  Upper-Tier  REMIC,  that has an initial  principal  balance  equal to the  related
Uncertificated  Principal Balance,  that bears interest at the related  Uncertificated  Pass-Through Rate, and that
has such other terms as are described herein.

                  Uncertificated   Lower-Tier  Regular  Interest  Z-3  Principal   Distribution   Amount:  For  any
Distribution  Date, the excess, if any, of the Uncertificated  Lower-Tier Regular Interest Z-3 Principal  Reduction
Amount  for such  Distribution  Date over the  Realized  Losses  allocated  to  Uncertificated  Lower-Tier  Regular
Interest Z-3 on such Distribution Date in reduction of the principal balance thereof.

                                                             35

                  Uncertificated  Lower-Tier  Regular Interest Z-3 Principal  Reduction Amount:  The Uncertificated
Lower-Tier  Regular Interest Z Principal  Reduction Amount for  Uncertificated  Lower-Tier  Regular Interest Z-3 as
determined pursuant to the provisions of Appendix 1.

                  Uncertificated  Lower-Tier  Regular  Interest  Z-4: A regular  interest in the  Lower-Tier  REMIC
that is held as an asset of the  Upper-Tier  REMIC,  that has an initial  principal  balance  equal to the  related
Uncertificated  Principal Balance,  that bears interest at the related  Uncertificated  Pass-Through Rate, and that
has such other terms as are described herein.

                  Uncertificated   Lower-Tier  Regular  Interest  Z-4  Principal   Distribution   Amount:  For  any
Distribution  Date, the excess, if any, of the Uncertificated  Lower-Tier Regular Interest Z-4 Principal  Reduction
Amount  for such  Distribution  Date over the  Realized  Losses  allocated  to  Uncertificated  Lower-Tier  Regular
Interest Z-4 on such Distribution Date in reduction of the principal balance thereof.

                  Uncertificated  Lower-Tier  Regular Interest Z-4 Principal  Reduction Amount:  The Uncertificated
Lower-Tier  Regular Interest Z Principal  Reduction Amount for  Uncertificated  Lower-Tier  Regular Interest Z-4 as
determined pursuant to the provisions of Appendix 1.

                  Uncertificated  Pass-Through  Rate: With respect to any Distribution Date and (i)  Uncertificated
Lower-Tier  Regular  Interests Y-1 and Z-1, the Net WAC for Loan Group 1, (ii)  Uncertificated  Lower-Tier  Regular
Interests  Y-2 and Z-2, the Net WAC for Loan Group 2, (iii)  Uncertificated  Lower-Tier  Regular  Interests Y-3 and
Z-3, the Net WAC for Loan Group 3 and (iv)  Uncertificated  Lower-Tier  Regular  Interests Y-4 and Z-4, the Net WAC
for Loan Group 4.

                  Uncertificated  Principal  Balance:  The  principal  amount  of  any  Uncertificated   Lower-Tier
Regular  Interest  outstanding  as of any date of  determination.  The  Uncertificated  Principal  Balance  of each
Uncertificated Lower-Tier Regular Interest shall never be less than zero.

                  Underwriting  Guidelines:  With respect to the National City  Mortgage  Loans,  the  underwriting
guidelines  of National  City.  With respect to the Fifth Third  Mortgage  Loans,  the  underwriting  guidelines of
Fifth Third.  With respect to the SunTrust  Mortgage Loans, the underwriting  guidelines of SunTrust.  With respect
to the Wells Fargo Mortgage Loans, the underwriting guidelines of Wells Fargo.

                  Unscheduled  Principal  Payments:  The  amounts  described  in  clauses  (e),  (f) and (g) of the
definition of Principal Amount.

                  Upper-Tier REMIC: As defined in the Preliminary Statement.

                  U.S. Bank:  As defined in the recitals hereto.

                                                             36

                  U.S. Person:  A citizen or resident of the United States,  a corporation or partnership  (unless,
in the case of a partnership,  Treasury  Regulations are adopted that provide otherwise) created or organized in or
under the laws of the United  States,  any state thereof or the District of Columbia,  including an entity  treated
as a  corporation  or  partnership  for federal  income tax  purposes,  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 such trust, and one or more such U.S. Persons have the
authority to control all  substantial  decisions of such trust (or, to the extent  provided in applicable  Treasury
Regulations,  certain  trusts in  existence  on August 20,  1996 which are  eligible to elect to be treated as U.S.
Persons).

                  Voting  Rights:  The portion of the voting rights of all of the  Certificates  which is allocated
to any  Certificate.  As of any date of  determination,  (a) 1% of all  Voting  Rights  shall be  allocated  to the
Holders of the Residual  Certificates  and (b) the remaining  Voting Rights shall be allocated among Holders of the
remaining  Classes of Certificates in proportion to the Certificate  Balances of their  respective  Certificates on
such date.

                  Wells Fargo:  As defined in the recitals hereto.

                  Wells  Fargo  Mortgage  Loans:  The  Mortgage  Loans  serviced  by Wells  Fargo or any  successor
thereto as a Servicer hereunder.

                  Section 1.02      Interest  Calculations.  All calculations of interest will be made on a 360-day
year consisting of twelve 30-day months.  All dollar amounts  calculated  hereunder shall be rounded to the nearest
penny with one-half of one penny being rounded down.

                                                    ARTICLE II

                                           CONVEYANCE OF MORTGAGE LOANS;
                                         ORIGINAL ISSUANCE OF CERTIFICATES

                  Section 2.01      Conveyance of Mortgage Loans.

                  (a)      The  Depositor,  concurrently  with the  execution  and delivery  hereof,  hereby sells,
transfers,  assigns,  sets over and otherwise  conveys to the Trustee on behalf of the Trust for the benefit of the
Certificateholders,  without  recourse,  all the right,  title and interest of the Depositor in and to the Mortgage
Loans,  including  all  interest  and  principal  received on or with  respect to the  Mortgage  Loans  (other than
payments of  principal  and  interest due and payable on the  Mortgage  Loans on or before the Cut-Off  Date),  all
accounts,  chattel  paper,  deposit  accounts,  documents,  general  intangibles,  goods,  instruments,  investment
property,  letter-of-credit  rights,  letters of credit,  money,  and oil, gas, and other minerals,  consisting of,
arising  from,  or relating  to, any of the  foregoing,  and all proceeds of the  foregoing.  The  foregoing  sale,
transfer,  assignment  and set over does not and is not  intended to result in a creation of an  assumption  by the
Trustee of any  obligation  of the  Depositor or any other  Person in  connection  with the  Mortgage  Loans or any
agreement or  instrument  relating  thereto,  except as  specifically  set forth  herein.  In  connection  with the
conveyance by the Depositor of the Mortgage Loans, the Depositor  further agrees,  at its own expense,  on or prior
to the Closing  Date,  to indicate on its books and records that the  Mortgage  Loans have been sold to the Trustee
on behalf of the Trust pursuant to this  Agreement,  and to deliver to the Trustee the Mortgage Loan Schedule.  The
Mortgage Loan Schedule shall be marked as Exhibit D-1,  Exhibit D-2,  Exhibit D-3 and Exhibit D-4 to this Agreement
and is hereby incorporated into and made a part of this Agreement.

                                                             37

                  (b)      In connection with such transfer and  assignment,  the Depositor has delivered or caused
to be  delivered  to the  Custodian,  on behalf of the  Trustee,  for the  benefit of the  Certificateholders,  the
following documents or instruments with respect to each Mortgage Loan so assigned:

                           (i)      the original  Mortgage Note,  endorsed by manual or facsimile  signature either
         (A) in blank or (B) in the following form: "Pay to the order of HSBC Bank USA,  National  Association,  as
         Trustee,  without  recourse,"  with all necessary  intervening  endorsements  showing a complete  chain of
         endorsement  from the originator to the Trustee (each such  endorsement  being  sufficient to transfer all
         right, title and interest of the party so endorsing in and to that Mortgage Note);

                           (ii)     except as provided  below,  the original  recorded  Mortgage with evidence of a
         recording thereon,  or if any such Mortgage has not been returned from the applicable  recording office or
         has been lost, or if such public recording office retains the original recorded  Mortgage,  a copy of such
         Mortgage  certified by the  Depositor as being a true and correct  copy of the  Mortgage,  if such copy is
         available;

                           (iii)    subject  to  the  provisos  at the  end  of  this  paragraph,  a duly  executed
         Assignment  of Mortgage  from the mortgagee or assignee of record either (A) in blank or (B) to "HSBC Bank
         USA,  National  Association,  as trustee for the holders of the Wachovia Mortgage Loan Trust, LLC Mortgage
         Pass-Through  Certificates,  Series 2007-A Certificates" (which may be included in a blanket assignment or
         assignments),  together with, except as provided below,  originals of all interim recorded  assignments of
         such  mortgage  or copies  of such  interim  assignments  certified  by the  Depositor  as being  true and
         complete copies of the original recorded intervening  assignments of mortgage (each such assignment,  when
         duly and validly  completed,  to be in  recordable  form and  sufficient  to effect the  assignment of the
         related  Mortgage to the assignee  thereof);  provided that, if the related Mortgage has not been returned
         from the applicable  public recording  office,  such Assignment of Mortgage may exclude the information to
         be provided by the recording office; and provided,  further,  if the related Mortgage has been recorded in
         the name of Mortgage  Electronic  Registration  Systems,  Inc. ("MERS") or its designee,  no Assignment of
         Mortgage in favor of the Trustee  will be required to be prepared or delivered  and instead,  the Servicer
         servicing  such  Mortgage  shall take all actions as are necessary to cause the Trust or the Trustee to be
         shown as the owner of the  related  Mortgage  Loan on the  records of MERS for  purposes  of the system of
         recording transfers of mortgages maintained by MERS;

                           (iv)     the  originals  of all  assumption,  modification,  consolidation  or extension
         agreements, if any, with evidence of recording thereon, if any;

                           (v)      the original or duplicate  original  mortgagee title  insurance  policy and all
         riders thereto;

                                                             38

                           (vi)     the original of any guarantee executed in connection with the Mortgage Note;

                           (vii)    for each  Mortgage  Loan, if any,  which is secured by a residential  long-term
         lease,  a copy of the lease with  evidence  of  recording  indicated  thereon,  or, if the lease is in the
         process of being  recorded,  a photocopy  of the lease,  certified by an officer of the  respective  prior
         owner of such  Mortgage  Loan or by the  applicable  title  insurance  company,  closing/settlement/escrow
         agent or  company  or  closing  attorney  to be a true  and  correct  copy of the  lease  transmitted  for
         recordation;

                           (viii)   the  original  of  any  security  agreement,  chattel  mortgage  or  equivalent
         document executed in connection with the Mortgage; and

                           (ix)     for each Mortgage Loan secured by Co-op Shares,  the originals of the following
         documents or instruments:

                                    (A)     The stock certificate;

                                    (B)     The stock power executed in blank;

                                    (C)     The executed proprietary lease;

                                    (D)     The executed recognition agreement;

                                    (E)     The executed assignment of recognition agreement, if any;

                                    (F)     The  executed  UCC-1  financing  statement  with  evidence of recording
                           thereon; and

                                    (G)     Executed  UCC-3   financing   statements  or  other   appropriate   UCC
                           financing  statements,  evidencing a complete and unbroken line of assignments  from the
                           mortgagee to the Trustee with  evidence of recording  thereon (or in a form suitable for
                           recordation).

provided,  however,  that if the Depositor is unable to deliver or cause the delivery of any original Mortgage Note
due to the loss of such original  Mortgage Note,  the Depositor may deliver a Lost Note  Affidavit  together with a
copy of such  Mortgage  Note, if a copy is  available,  and shall thereby be deemed to have  satisfied the document
delivery requirements of this Section 2.01(b).

                  If in  connection  with any  Mortgage  Loans,  the  Depositor  cannot  deliver (A) the  Mortgage,
(B) all interim recorded assignments, (C) all assumption,  modification,  consolidation or extension agreements, if
any, or (D) the lender's title policy  (together with all riders  thereto)  satisfying the  requirements  of clause
(ii),  (iii),  (iv) or (v) above,  respectively,  concurrently  with the execution and delivery hereof because such
document or documents  have not been returned from the  applicable  public  recording  office in the case of clause
(ii),  (iii) or (iv) above,  or because the title policy has not been  delivered  to either the Servicer  servicing
such  Mortgage  Loan or the  Depositor  by the  applicable  title  insurer  in the case of clause  (v)  above,  the
Depositor shall promptly  deliver or cause to be delivered to the Custodian,  in the case of clause (ii),  (iii) or
(iv) above, such Mortgage,  such interim  assignment or such assumption,  modification,  consolidation or extension
agreement,  as the case may be, with evidence of recording  indicated  thereon upon receipt thereof from the public

                                                             39

recording  office,  but in no event shall any such delivery of any such documents or instruments be made later than
one year  following the Closing Date,  unless,  in the case of clause (ii),  (iii) or (iv) above,  there has been a
continuing  delay at the applicable  recording  office or, in the case of  clause (v),  there has been a continuing
delay at the  applicable  insurer and the Depositor has  delivered an Officer's  Certificate  to such effect to the
Custodian.  The  Depositor  shall  forward  or  cause  to be  forwarded  to the  Custodian  (1)  from  time to time
additional  original  documents  evidencing  an  assumption  or  modification  of a Mortgage Loan and (2) any other
documents  required to be delivered by the Depositor or the related  Servicer to the  Custodian.  In the event that
the original  Mortgage is not  delivered and in  connection  with the payment in full of the related  Mortgage Loan
the public  recording  office  requires the  presentation  of a "lost  instruments  affidavit and indemnity" or any
equivalent  document,  because only a copy of the Mortgage can be delivered with the instrument of  satisfaction or
reconveyance,  the  Servicer  servicing  such  Mortgage  Loan shall  prepare,  execute  and  deliver or cause to be
prepared, executed and delivered, on behalf of the Trust, such a document to the public recording office.

                  As promptly as practicable  subsequent to such transfer and assignment,  and in any event, within
30 days  thereafter,  each Servicer  shall (except for any Mortgage  which has been recorded in the name of MERS or
its designee)  (I) cause each Assignment of Mortgage to be in proper form for recording in the  appropriate  public
office for real property records within 30 days of the Closing Date and (II) at the Depositor's  expense,  cause to
be delivered  for recording in the  appropriate  public office for real  property  records the  Assignments  of the
Mortgages in favor of the  Trustee,  except that,  with  respect to any  Assignment  of a Mortgage as to which such
Servicer has not received the information  required to prepare such assignment in recordable  form, such Servicer's
obligation to do so and to deliver the same for such  recording  shall be as soon as  practicable  after receipt of
such  information  and in any event within 30 days after the receipt  thereof and, no recording of an Assignment of
Mortgage  will be required in a state if  recording  is not  required by the Rating  Agencies to obtain the initial
ratings for the Certificates.

                  In the case of  Mortgage  Loans  that have  been  prepaid  in full as of the  Closing  Date,  the
Depositor,  in lieu of delivering  the above  documents to the  Custodian  will cause the Servicer  servicing  such
Mortgage Loan to deposit in the related Servicer Custodial Account the amount of such payment in full.

                  It is agreed and  understood  by the  Depositor  and the Trustee that none of the Mortgage  Loans
are (a) loans subject to 12 CFR Section  226.31,  12 CFR Section 226.32 or 12 CFR Section  226.34,  as amended,  or
(b) "high cost  home,"  "covered"  (excluding  home loans  defined as  "covered  home loans" in the New Jersey Home
Ownership  Security Act of 2002 that were originated  between November 26, 2003 and July 7, 2004), "high risk home"
or  "predatory"  loans  under any  applicable  state,  federal or local law (or a similarly  classified  loan using
different  terminology  under a law imposing  heightened  regulatory  scrutiny or  additional  legal  liability for
residential mortgage loans having high interest rates, points and/or fees).

                                                             40

                  Section 2.02      Acceptance by the Custodian of the Mortgage  Loans.  Subject to the  provisions
of the  following  paragraph,  pursuant  to the  Custodial  Agreement,  the  Custodian,  on behalf of the  Trustee,
declares  that it will hold the  documents  referred to in Section  2.01 and the other  documents  delivered  to it
constituting  the Mortgage Files,  and that it will hold such other assets as are included in the Trust Estate,  in
trust for the  exclusive  use and benefit of all  present and future  Certificateholders.  Upon  execution  of this
Agreement,  the Custodian will deliver to the Depositor,  the Certificate  Administrator and the Trustee an initial
certification  in the form of  Exhibit O hereto,  to the effect  that,  except as may be  specified  in the list of
exceptions  attached  thereto,  it has received  the  Mortgage  File for each  Mortgage  Loan on the Mortgage  Loan
Schedule.

                  Within 90 days after the execution  and delivery of this  Agreement,  the Custodian  shall review
the Mortgage  Files in its  possession and will deliver to the Depositor,  the  Certificate  Administrator  and the
Trustee a final  certification  in the form of Exhibit P hereto.  If, in the course of such review,  the  Custodian
finds any document  described in Section  2.01(b)(i),  (ii),  (iii),  (v) and (ix)(A),  (B),  (C), (D), (F) and (G)
which does not meet the  requirements  of Section 2.01 or is omitted from such Mortgage File,  the Custodian  shall
promptly so notify the related  Servicer and the  Depositor.  In  performing  any such review,  the  Custodian  may
conclusively  rely on the purported  genuineness of any such document and any signature  thereon.  It is understood
that the scope of the  Custodian's  review of the Mortgage Files is limited solely to confirming that the documents
listed in Section  2.01(b)(i),  (ii),  (iii),  (v) and (ix)(A),  (B),  (C), (D), (F) and (G) have been received and
further  confirming  that any and all  documents  delivered  pursuant to Section  2.01 appear on their face to have
been executed and relate to the Mortgage Loans  identified in the Mortgage Loan Schedule.  The Custodian  shall not
have any  responsibility  for  determining  whether  any  document  is valid and  binding,  whether the text of any
assignment or  endorsement  is in proper or recordable  form,  whether any document has been recorded in accordance
with the  requirements  of any  applicable  jurisdiction,  or  whether a blanket  assignment  is  permitted  in any
applicable  jurisdiction.  The Depositor  hereby  covenants  and agrees that it will promptly  correct or cure such
defect  within 90 days from the date it was so notified of such  defect and, if the  Depositor  does not correct or
cure such defect  within such period,  the Depositor  will either (a)  substitute  for the related  Mortgage Loan a
Substitute  Mortgage Loan,  which  substitution  shall be  accomplished in the manner and subject to the conditions
set forth below or (b)  repurchase  such Mortgage Loan from the Trustee at the  Repurchase  Price for such Mortgage
Loan;  provided,  however,  that in no event shall such a  substitution  occur more than two years from the Closing
Date;  provided,  further,  that such substitution or repurchase shall occur within 90 days of when such defect was
discovered  if such defect will cause the  Mortgage  Loan not to be a  "qualified  mortgage"  within the meaning of
Section 860G(a)(3) of the Code.

                  With respect to each Substitute  Mortgage Loan, the Depositor shall deliver to the Custodian,  on
behalf of the Trustee,  for the benefit of the  Certificateholders,  the Mortgage Note,  the Mortgage,  the related
Assignment of Mortgage  (except for any Mortgage which has been recorded in the name of MERS or its designee),  and
such other  documents and  agreements as are  otherwise  required by Section 2.01,  with the Mortgage Note endorsed
and the  Mortgage  assigned as required by Section  2.01(b)(i).  No  substitution  is  permitted  to be made in any
calendar  month  after the  Determination  Date for such  month.  Monthly  Payments  due with  respect  to any such
Substitute  Mortgage Loan in the month of substitution  shall not be conveyed to the Trust and shall be retained by
the  Depositor.  For the month of  substitution,  distributions  to  Certificateholders  will  include  the Monthly
Payment due for such month on any Defective  Mortgage  Loan for which the  Depositor  has  substituted a Substitute
Mortgage Loan.

                                                             41

                  The  related  Servicer  shall  amend the  Mortgage  Loan  Schedule to reflect the removal of each
Mortgage Loan that has become a Defective  Mortgage Loan and the  substitution  of the Substitute  Mortgage Loan or
Loans and such Servicer  shall deliver the amended  Mortgage Loan Schedule to the Custodian,  the Master  Servicer,
the Certificate  Administrator  and the Trustee.  Upon such  substitution,  each Substitute  Mortgage Loan shall be
subject to the terms of this  Agreement  in all  respects,  and the  Depositor  shall be deemed to have made to the
Trustee with respect to such Substitute  Mortgage Loan, as of the date of  substitution,  the  representations  and
warranties  made  pursuant  to Section  2.04.  Upon any such  repurchase  or  substitution  and the  deposit to the
Collection  Account of any required  Repurchase Price or Substitution  Adjustment  Amount (as described in the next
paragraph),  as  applicable,  and receipt of a Request for Release,  the Custodian  shall release the Mortgage File
relating to such  Defective  Mortgage  Loan to the  Depositor  and shall  execute  and  deliver at the  Depositor's
direction such instruments of transfer or assignment prepared by the Depositor,  in each case without recourse,  as
shall be necessary to transfer to the  Depositor,  or its designee,  any Defective  Mortgage  Loan  repurchased  or
substituted for pursuant to this Section 2.02.

                  For any month in which the Depositor  substitutes one or more  Substitute  Mortgage Loans for one
or more  Defective  Mortgage  Loans,  the  amount  (if any) by which the  aggregate  principal  balance of all such
Substitute  Mortgage  Loans in a Loan  Group as of the  date of  substitution  is less  than the  aggregate  Stated
Principal Balance of all such Defective  Mortgage Loans in such Loan Group (the  "Substitution  Adjustment  Amount"
for such Loan Group) plus an amount  equal to the  aggregate  of any  unreimbursed  Advances  with  respect to such
Defective  Mortgage  Loans  shall be  deposited  into the  Collection  Account  by the  Depositor  on or before the
Remittance  Date for the  Distribution  Date in the month  succeeding  the calendar  month during which the related
Mortgage Loan is required to be repurchased or replaced hereunder.

                  The Custodian  shall retain  possession and custody of each Mortgage File in accordance  with and
subject to the terms and conditions  set forth in the Custodial  Agreement.  Each Servicer  shall promptly  deliver
to the  Custodian,  upon the execution  or, in the case of documents  requiring  recording,  receipt  thereof,  the
originals of such other  documents or  instruments  constituting  the  Mortgage  File as come into each  Servicer's
possession from time to time.

                  It is  understood  and agreed  that the  obligation  of the  Depositor  to  substitute  for or to
repurchase  any  Mortgage  Loan which does not meet the  requirements  of Section  2.01 shall  constitute  the sole
remedy respecting such defect available to the Trustee and any Certificateholder against the Depositor.

                  None of the Certificate  Administrator,  the Master Servicer,  the Trustee or the Custodian shall
be under any duty or obligation (i) to inspect,  review or examine any such  documents,  instruments,  certificates
or other papers to determine that they are genuine,  enforceable,  or appropriate  for the  represented  purpose or
that they are other than what they  purport to be on their face or (ii) to  determine  whether  any  Mortgage  File
should include any of the documents specified in Section 2.01(b)(iv), (vi), (vii) and (viii) and (ix)(E).

                                                             42

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

                  (a)      National  City  hereby  makes  the  following  representations  and  warranties  to  the
Depositor, the Master Servicer, the Certificate Administrator and the Trustee, as of the Closing Date:

                  (i)      National City is a corporation duly organized,  validly  existing,  and in good standing
         under the laws of Ohio and has all  licenses  necessary  to carry on its  business as now being  conducted
         and is  licensed,  qualified  and in good  standing in each of the states  where a  Mortgaged  Property is
         located if the laws of such state require  licensing or  qualification in order to conduct business of the
         type  conducted  by National  City.  National  City has power and  authority  to execute and deliver  this
         Agreement  and to  perform in  accordance  herewith;  the  execution,  delivery  and  performance  of this
         Agreement  (including all instruments of transfer to be delivered  pursuant to this Agreement) by National
         City  and  the  consummation  of  the  transactions   contemplated  hereby  have  been  duly  and  validly
         authorized.  This  Agreement,  assuming due  authorization,  execution  and delivery by the other  parties
         hereto,   evidences  the  valid,   binding  and  enforceable   obligation  of  National  City,  except  as
         enforceability  may be limited  by (A)  bankruptcy,  insolvency,  liquidation,  receivership,  moratorium,
         reorganization  or other  similar  laws  affecting  the  enforcement  of the rights of  creditors  and (B)
         general  principles  of equity,  whether  enforcement  is sought in a proceeding  in equity or at law. All
         requisite  corporate  action has been taken by National City to make this Agreement valid and binding upon
         National City in accordance with its terms.

                  (ii)     No  consent,  approval,   authorization  or  order  is  required  for  the  transactions
         contemplated  by this  Agreement  from any  court,  governmental  agency  or  body,  or  federal  or state
         regulatory  authority  having  jurisdiction  over National City or, if required,  such consent,  approval,
         authorization or order has been or will, prior to the Closing Date, be obtained.

                  (iii)    The  consummation  of  the  transactions  contemplated  by  this  Agreement  are  in the
         ordinary  course of business of National  City and will not result in the breach of any term or  provision
         of the  charter or  by-laws  of  National  City 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  National  City or its
         property is subject, or result in the violation of any law, rule,  regulation,  order,  judgment or decree
         to which National City or its property is subject.

                  (iv)     There  is no  action,  suit,  proceeding  or  investigation  pending  or,  to  the  best
         knowledge  of National  City,  threatened  against  National  City which,  either  individually  or in the
         aggregate, would result in any material adverse change in the business,  operations,  financial condition,
         properties or assets of National  City, or in any material  impairment of the right or ability of National
         City to carry on its  business  substantially  as now  conducted  or which  would draw into  question  the
         validity of this  Agreement  or the  Mortgage  Loans or of any action  taken or to be taken in  connection
         with the obligations of National City  contemplated  herein,  or which would materially impair the ability
         of National City to perform under the terms of this Agreement.

                                                             43

                  (v)      Each Mortgage Loan  serviced by National City was  originated  (A) by a savings and loan
         association,  savings bank,  commercial bank, credit union,  insurance company or similar institution that
         is  supervised  and  examined  by a federal or state  authority,  or (B) by a  mortgagee  approved  by the
         Secretary of Housing and Urban  Development  pursuant to Sections 203 and 211 of the National Housing Act,
         as amended.

                  (vi)     No  Mortgage  Loan  serviced  by  National  City is secured by a Mortgage on a leasehold
         estate.

                  The  representations  and warranties made pursuant to this Section 2.03(a) shall survive delivery
of the respective Mortgage Files for the National City Mortgage Loans to the Custodian.

                  (b)      Fifth  Third  hereby  makes  the  following   representations   and  warranties  to  the
Depositor, the Master Servicer, the Certificate Administrator and the Trustee, as of the Closing Date:

                  (i)      Fifth Third is a corporation  duly  organized,  validly  existing,  and in good standing
         under the laws of Ohio and has all  licenses  necessary  to carry on its  business as now being  conducted
         and is  licensed,  qualified  and in good  standing in each of the states  where a  Mortgaged  Property is
         located if the laws of such state require  licensing or  qualification in order to conduct business of the
         type  conducted  by Fifth  Third.  Fifth  Third  has power and  authority  to  execute  and  deliver  this
         Agreement  and to  perform in  accordance  herewith;  the  execution,  delivery  and  performance  of this
         Agreement  (including  all  instruments of transfer to be delivered  pursuant to this  Agreement) by Fifth
         Third  and  the  consummation  of  the  transactions  contemplated  hereby  have  been  duly  and  validly
         authorized.  This  Agreement,  assuming due  authorization,  execution  and delivery by the other  parties
         hereto,  evidences the valid, binding and enforceable  obligation of Fifth Third, except as enforceability
         may be limited by (A) bankruptcy, insolvency,  liquidation,  receivership,  moratorium,  reorganization or
         other similar laws  affecting  the  enforcement  of the rights of creditors and (B) general  principles of
         equity,  whether  enforcement  is sought in a  proceeding  in equity or at law.  All  requisite  corporate
         action  has been  taken by Fifth  Third to make this  Agreement  valid and  binding  upon  Fifth  Third in
         accordance with its terms.

                  (ii)     No  consent,  approval,   authorization  or  order  is  required  for  the  transactions
         contemplated  by this  Agreement  from any  court,  governmental  agency  or  body,  or  federal  or state
         regulatory  authority  having  jurisdiction  over Fifth Third or, if  required,  such  consent,  approval,
         authorization or order has been or will, prior to the Closing Date, be obtained.

                  (iii)    The  consummation  of  the  transactions  contemplated  by  this  Agreement  are  in the
         ordinary  course of business of Fifth Third and will not result in the breach of any term or  provision of
         the  charter or by-laws of Fifth  Third 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  Fifth  Third or its  property  is
         subject,  or result in the  violation of any law,  rule,  regulation,  order,  judgment or decree to which
         Fifth Third or its property is subject.

                                                             44

                  (iv)     There  is no  action,  suit,  proceeding  or  investigation  pending  or,  to  the  best
         knowledge of Fifth Third,  threatened against Fifth Third which,  either individually or in the aggregate,
         would result in any material adverse change in the business, operations,  financial condition,  properties
         or assets of Fifth Third,  or in any material  impairment  of the right or ability of Fifth Third to carry
         on its business  substantially  as now  conducted  or which would draw into  question the validity of this
         Agreement or the Mortgage Loans or of any action taken or to be taken in connection  with the  obligations
         of Fifth  Third  contemplated  herein,  or which  would  materially  impair the  ability of Fifth Third to
         perform under the terms of this Agreement.

                  (v)      Each  Mortgage  Loan  serviced by Fifth Third was  originated  (A) by a savings and loan
         association,  savings bank,  commercial bank, credit union,  insurance company or similar institution that
         is  supervised  and  examined  by a federal or state  authority,  or (B) by a  mortgagee  approved  by the
         Secretary of Housing and Urban  Development  pursuant to Sections 203 and 211 of the National Housing Act,
         as amended.

                  (vi)     No  Mortgage  Loan  serviced  by Fifth  Third is secured by a  Mortgage  on a  leasehold
         estate.

                  The  representations  and warranties made pursuant to this Section 2.03(b) shall survive delivery
of the respective Mortgage Files for the Fifth Third Mortgage Loans to the Custodian.

                  (c)      SunTrust  hereby makes the following  representations  and  warranties to the Depositor,
the Master Servicer, the Certificate Administrator and the Trustee, as of the Closing Date:

                  (i)      SunTrust is a corporation duly organized,  validly existing,  and in good standing under
         the laws of Virginia and has all licenses  necessary to carry on its business as now being  conducted  and
         is licensed,  qualified and in good  standing in each of the states where a Mortgaged  Property is located
         if the laws of such state  require  licensing or  qualification  in order to conduct  business of the type
         conducted by  SunTrust.  SunTrust has power and  authority  to execute and deliver this  Agreement  and to
         perform in accordance herewith;  the execution,  delivery and performance of this Agreement (including all
         instruments of transfer to be delivered  pursuant to this  Agreement) by SunTrust and the  consummation of
         the  transactions  contemplated  hereby have been duly and validly  authorized.  This Agreement,  assuming
         due authorization,  execution and delivery by the other parties hereto,  evidences the valid,  binding and
         enforceable  obligation  of  SunTrust,  except  as  enforceability  may  be  limited  by  (A)  bankruptcy,
         insolvency,  liquidation,  receivership,  moratorium,  reorganization  or other similar laws affecting the
         enforcement  of the rights of creditors  and (B) general  principles  of equity,  whether  enforcement  is
         sought in a proceeding  in equity or at law.  All  requisite  corporate  action has been taken by SunTrust
         to make this Agreement valid and binding upon SunTrust in accordance with its terms.

                                                             45

                  (ii)     No  consent,  approval,   authorization  or  order  is  required  for  the  transactions
         contemplated  by this  Agreement  from any  court,  governmental  agency  or  body,  or  federal  or state
         regulatory  authority  having  jurisdiction  over  SunTrust  or,  if  required,  such  consent,  approval,
         authorization or order has been or will, prior to the Closing Date, be obtained.

                  (iii)    The  consummation  of  the  transactions  contemplated  by  this  Agreement  are  in the
         ordinary  course of  business of SunTrust  and will not result in the breach of any term or  provision  of
         the charter or by-laws of SunTrust 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  SunTrust or its property is subject,
         or result in the violation of any law, rule,  regulation,  order,  judgment or decree to which SunTrust or
         its property is subject.

                  (iv)     There  is no  action,  suit,  proceeding  or  investigation  pending  or,  to  the  best
         knowledge of SunTrust,  threatened against SunTrust which, either individually or in the aggregate,  would
         result in any material  adverse change in the business,  operations,  financial  condition,  properties or
         assets of  SunTrust,  or in any  material  impairment  of the right or ability of SunTrust to carry on its
         business  substantially  as now conducted or which would draw into question the validity of this Agreement
         or the  Mortgage  Loans  or of any  action  taken or to be taken in  connection  with the  obligations  of
         SunTrust  contemplated  herein,  or which would materially impair the ability of SunTrust to perform under
         the terms of this Agreement.

                  (v)      Each  Mortgage  Loan  serviced  by  SunTrust  was  originated  (A) by a savings and loan
         association,  savings bank,  commercial bank, credit union,  insurance company or similar institution that
         is  supervised  and  examined  by a federal or state  authority,  or (B) by a  mortgagee  approved  by the
         Secretary of Housing and Urban  Development  pursuant to Sections 203 and 211 of the National Housing Act,
         as amended.

                  (vi)     No Mortgage Loan serviced by SunTrust is secured by a Mortgage on a leasehold estate.

                  The  representations  and warranties made pursuant to this Section 2.03(c) shall survive delivery
of the respective Mortgage Files for the SunTrust Mortgage Loans to the Custodian.

                  (d)      Wells  Fargo  hereby  makes  the  following   representations   and  warranties  to  the
Depositor, the Master Servicer, the Certificate Administrator and the Trustee, as of the Closing Date:

                                                             46

                  (i)      Wells Fargo is a national banking association duly organized,  validly existing,  and in
         good  standing  under the federal laws of the United  States of America and has all licenses  necessary to
         carry on its  business  as now  being  conducted.  Wells  Fargo has power and  authority  to  execute  and
         deliver this Agreement and to perform in accordance herewith;  the execution,  delivery and performance of
         this Agreement  (including  all  instruments  of transfer to be delivered  pursuant to this  Agreement) by
         Wells  Fargo and the  consummation  of the  transactions  contemplated  hereby  have been duly and validly
         authorized.  This  Agreement,  assuming due  authorization,  execution  and delivery by the other  parties
         hereto,  evidences the valid, binding and enforceable  obligation of Wells Fargo, except as enforceability
         may be limited by (A) bankruptcy, insolvency,  liquidation,  receivership,  moratorium,  reorganization or
         other similar laws  affecting  the  enforcement  of the rights of creditors and (B) general  principles of
         equity,  whether  enforcement  is sought in a  proceeding  in equity or at law.  All  requisite  corporate
         action  has been  taken by Wells  Fargo to make this  Agreement  valid and  binding  upon  Wells  Fargo in
         accordance with its terms.

                  (ii)     No  consent,  approval,   authorization  or  order  is  required  for  the  transactions
         contemplated  by this  Agreement  from any  court,  governmental  agency  or  body,  or  federal  or state
         regulatory  authority  having  jurisdiction  over Wells Fargo or, if  required,  such  consent,  approval,
         authorization or order has been or will, prior to the Closing Date, be obtained.

                  (iii)    The  consummation  of  the  transactions  contemplated  by  this  Agreement  are  in the
         ordinary  course of business of Wells Fargo and will not result in the breach of any term or  provision of
         the  charter or by-laws of Wells  Fargo 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  Wells  Fargo or its  property  is
         subject,  or result in the  violation of any law,  rule,  regulation,  order,  judgment or decree to which
         Wells Fargo or its property is subject.

                  (iv)     There  is no  action,  suit,  proceeding  or  investigation  pending  or,  to  the  best
         knowledge of Wells Fargo,  threatened against Wells Fargo which,  either individually or in the aggregate,
         would result in any material adverse change in the business, operations,  financial condition,  properties
         or assets of Wells Fargo,  or in any material  impairment  of the right or ability of Wells Fargo to carry
         on its business  substantially  as now  conducted  or which would draw into  question the validity of this
         Agreement or the Mortgage Loans or of any action taken or to be taken in connection  with the  obligations
         of Wells  Fargo  contemplated  herein,  or which  would  materially  impair the  ability of Wells Fargo to
         perform under the terms of this Agreement.

                  The  representations  and warranties made pursuant to this Section 2.03(d) shall survive delivery
of the respective Mortgage Files for the Wells Fargo Mortgage Loans to the Custodian.

                  (e)      U.S. Bank hereby makes the following  representations  and  warranties to the Depositor,
the Trustee and the Servicers, as of the Closing Date:

                                                             47

                  (i)      U.S. Bank is a national banking  association duly organized,  validly  existing,  and in
         good  standing  under the federal laws of the United  States of America and has all licenses  necessary to
         carry on its business as now being  conducted.  U.S.  Bank has power and  authority to execute and deliver
         this  Agreement and to perform in accordance  herewith;  the execution,  delivery and  performance of this
         Agreement  (including  all  instruments  of transfer to be delivered  pursuant to this  Agreement) by U.S.
         Bank  and  the  consummation  of  the  transactions   contemplated  hereby  have  been  duly  and  validly
         authorized.  This  Agreement,  assuming due  authorization,  execution  and delivery by the other  parties
         hereto,  evidences the valid,  binding and enforceable  obligation of U.S. Bank,  except as enforceability
         may be limited by (A) bankruptcy, insolvency,  liquidation,  receivership,  moratorium,  reorganization or
         other similar laws  affecting  the  enforcement  of the rights of creditors and (B) general  principles of
         equity,  whether  enforcement  is sought in a  proceeding  in equity or at law.  All  requisite  corporate
         action has been taken by U.S. Bank to make this  Agreement  valid and binding upon U.S. Bank in accordance
         with its terms.

                  (ii)     No  consent,  approval,   authorization  or  order  is  required  for  the  transactions
         contemplated  by this  Agreement  from any  court,  governmental  agency  or  body,  or  federal  or state
         regulatory  authority  having  jurisdiction  over  U.S.  Bank or, if  required,  such  consent,  approval,
         authorization or order has been or will, prior to the Closing Date, be obtained.

                  (iii)    The  consummation  of  the  transactions  contemplated  by  this  Agreement  are  in the
         ordinary  course of business of U.S.  Bank and will not result in the breach of any term or  provision  of
         the  charter or by-laws of U.S.  Bank 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 U.S. Bank or its property is subject,
         or result in the violation of any law, rule,  regulation,  order, judgment or decree to which U.S. Bank or
         its property is subject.
                  (iv)     There  is no  action,  suit,  proceeding  or  investigation  pending  or,  to  the  best
         knowledge of U.S.  Bank,  threatened  against U.S. Bank which,  either  individually  or in the aggregate,
         would result in any material adverse change in the business, operations,  financial condition,  properties
         or assets of U.S.  Bank,  or in any material  impairment  of the right or ability of U.S. Bank to carry on
         its  business  substantially  as now  conducted  or which would draw into  question  the  validity of this
         Agreement  or of any  action  taken  or to be taken  in  connection  with  the  obligations  of U.S.  Bank
         contemplated  herein,  or which  would  materially  impair the ability of U.S.  Bank to perform  under the
         terms of this Agreement.

                  (f)      The  Trustee  hereby  makes  the  following   representations   and  warranties  to  the
Depositor, the Certificate Administrator, the Master Servicer and the Servicers, as of the Closing Date:

                                                             48

                  (i)      The Trustee is a national banking association duly organized,  validly existing,  and in
         good  standing  under  the  federal  laws of the  United  States of  America.  The  Trustee  has power and
         authority to execute and deliver this  Agreement and to perform in  accordance  herewith;  the  execution,
         delivery  and  performance  of this  Agreement  (including  all  instruments  of transfer to be  delivered
         pursuant to this Agreement) by the Trustee and the  consummation of the transactions  contemplated  hereby
         have been  duly and  validly  authorized.  This  Agreement,  assuming  due  authorization,  execution  and
         delivery by the other parties  hereto,  evidences  the valid,  binding and  enforceable  obligation of the
         Trustee,   except  as  enforceability  may  be  limited  by  (A)  bankruptcy,   insolvency,   liquidation,
         receivership,  moratorium,  reorganization  or other similar laws affecting the  enforcement of the rights
         of creditors  and (B) general  principles  of equity,  whether  enforcement  is sought in a proceeding  in
         equity or at law.  All  requisite  corporate  action has been taken by the Trustee to make this  Agreement
         valid and binding upon the Trustee in accordance with its terms.

                  (ii)     No  consent,  approval,   authorization  or  order  is  required  for  the  transactions
         contemplated  by this  Agreement  from any  court,  governmental  agency  or  body,  or  federal  or state
         regulatory  authority  having  jurisdiction  over the Trustee or, if  required,  such  consent,  approval,
         authorization or order has been or will, prior to the Closing Date, be obtained.

                  (iii)    The  consummation  of  the  transactions  contemplated  by  this  Agreement  are  in the
         ordinary  course of business of the Trustee and will not result in the breach of any term or  provision of
         the  charter or by-laws of the  Trustee 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  Trustee  or its  property  is
         subject, or result in the violation of any law, rule,  regulation,  order, judgment or decree to which the
         Trustee or its property is subject.

                  (iv)     There  is no  action,  suit,  proceeding  or  investigation  pending  or,  to  the  best
         knowledge of the Trustee,  threatened against the Trustee which,  either individually or in the aggregate,
         would  draw  into  question  the  validity  of this  Agreement  or of any  action  taken or to be taken in
         connection with the obligations of the Trustee  contemplated  herein, or which would materially impair the
         ability of the Trustee to perform under the terms of this Agreement.

                  Section 2.04      Assignment  of Interest in the Mortgage  Loan  Purchase  Agreement;  Depositor
Representations and Warranties.

                  (a)      The  Depositor  hereby  assigns to the Trustee all of its right,  title and  interest in
the Mortgage  Loan  Purchase  Agreement,  including but not limited to the  representations  and  warranties of the
Seller set forth in Section 7 thereof.  The  obligations  of the Seller under the Mortgage Loan Purchase  Agreement
to substitute or repurchase,  as applicable,  a Mortgage Loan as to which a  representation  set forth in Section 7
thereof is  breached  shall be the  Trustee's  and the  Certificateholders'  sole  remedy for such  breach.  At the
request of the Certificate  Administrator,  the Depositor shall take such actions as may be necessary to enable the
Certificate  Administrator to enforce such  representations  and the obligations of the Seller with respect thereto
and shall  execute such further  documents as the  Certificate  Administrator  may  reasonably  require in order to
enable the Certificate Administrator to carry out such enforcement.

                                                             49

                  (b)      If the Depositor,  the Certificate  Administrator,  the Master Servicer, a Servicer,  or
the  Trustee  discovers  a breach of any of the  representations  and  warranties  set forth in the  Mortgage  Loan
Purchase   Agreement,   which  breach   materially   and   adversely   affects  the  value  of  the   interests  of
Certificateholders  or the  Trustee in the related  Mortgage  Loan,  the party  discovering  the breach  shall give
prompt  written  notice of the breach to the other  parties  and the Seller.  Upon  receipt by the  Custodian  of a
Request for Release and by the Custodian or the applicable  Servicer of the applicable  Substitute  Mortgage Loans,
Repurchase  Prices,  or  Substitution  Adjustment  Amounts (as such terms are defined in the Mortgage Loan Purchase
Agreement)  from the Seller as provided in the Mortgage Loan Purchase  Agreement,  the Custodian and the applicable
Servicer  shall notify the Trustee,  the Custodian  shall release to the Seller the related  Mortgage File, and the
Trustee  shall  execute and deliver all  instruments  of  transfer  or  assignment  furnished  to it by the Seller,
without recourse,  representation or warranty,  as are necessary to transfer to the Seller the Mortgage Loan or any
property  acquired with respect  thereto.  The related  Servicer  shall amend the Mortgage Loan Schedule to reflect
such  repurchase.  The Custodian  shall also amend its records to reflect such repurchase and shall promptly notify
the Trustee,  the Master Servicer and the  Certificate  Administrator  of such amendment.  If the Seller delivers a
Substitute  Mortgage  Loan, the Custodian  shall examine the Mortgage File for any Substitute  Mortgage Loan in the
manner set forth in Section 2.02(a).

                  (c)      The Depositor makes the following  representations  and warranties to the parties hereto
as to the  Mortgage  Loans on which the Trustee is deemed to have relied in  acquiring  the  Mortgage  Loans.  Such
representations  and  warranties  speak as of the Closing Date,  but shall survive  until the  termination  of this
Agreement.  Such representations and warranties shall not be waived by any of the parties to this Agreement:

                  (i)      This  Agreement  creates a valid and  continuing  security  interest  (as defined in the
         Uniform  Commercial Code as in force in the relevant  jurisdiction)  in the Mortgage Loans in favor of the
         Trustee,  which  security  interest is prior to all other  liens,  and is  enforceable  as such as against
         creditors of and purchasers from the Depositor.

                  (ii)     The  Mortgage  Loans  constitute   "instruments"  within  the  meaning  of  the  Uniform
         Commercial Code as in force in the relevant jurisdiction.

                  (iii)    The  Depositor  owns and has good and  marketable  title to the Mortgage  Loans free and
         clear of any lien, claim or encumbrance of any Person.

                  (iv)     The  Depositor  has received all  consents  and  approvals  required by the terms of the
         Mortgage Loans to the sale of the Mortgage Loans hereunder to the Trustee.

                  (v)      The  Depositor  has  caused or will have  caused,  within  ten days,  the  filing of all
         appropriate  financing  statements  in the proper  filing office in the  appropriate  jurisdictions  under
         applicable  law in order to perfect the  security  interest in the Mortgage  Loans  granted to the Trustee
         hereunder.

                                                             50

                  (vi)     Other than the  security  interest  granted to the Trustee  pursuant to this  Agreement,
         the Depositor has not pledged,  assigned,  sold, granted a security interest in, or otherwise conveyed any
         of the Mortgage  Loans.  The Depositor has not  authorized the filing of and is not aware of any financing
         statements  against the Depositor  that include a description  of collateral  covering the Mortgage  Loans
         other than any financing  statement  relating to the security interest granted to the Trustee hereunder or
         that has been terminated.  Debtor is not aware of any judgment or tax lien filings against it.

                  (vii)    The  Custodian  has in its  possession  all original  copies of the Mortgage  Notes that
         constitute or evidence the Mortgage  Loans.  The Mortgage  Notes that  constitute or evidence the Mortgage
         Loans do not have any marks or notations  indicating  that they have been  pledged,  assigned or otherwise
         conveyed to any Person other than the  Trustee.  All  financing  statements  filed or to be filed  against
         the  Depositor in favor of the Trustee in  connection  herewith  describing  the Mortgage  Loans contain a
         statement to the following  effect:  "A purchase of or security  interest in any  collateral  described in
         this  financing  statement  will violate the rights of the secured  party as more fully  described in, and
         subject to the terms of, the related transaction documents."

                  (d)      The Depositor  hereby  covenants to maintain the perfection and priority of the security
interest of the Trustee created by this Agreement.

                  Section 2.05      Intent of Parties and Protection of Title.

                  (a)      It is the  express  intent of the  Depositor  and the Trustee  that the  transfer of the
Mortgage  Loans by the  Depositor to the Trustee  pursuant to Section  2.01(a) be, and be construed as, an absolute
sale of the Mortgage  Loans.  It is,  further,  not the  intention of such parties that such transfer be deemed the
grant of a security  interest  in the  Mortgage  Loans by the  Depositor  to the  Trustee to secure a debt or other
obligation of the Depositor.  However, in the event that,  notwithstanding the intent of the parties,  the Mortgage
Loans are held to be the property of the  Depositor,  or if for any other  reason this  Agreement is held or deemed
to create a security  interest  in the  Mortgage  Loans,  then:  (1) this  Agreement  shall  constitute  a security
agreement,  and (2) the transfer of the Mortgage  Loans  provided  for in Section  2.01(a)  shall be deemed to be a
grant by the  Depositor to the Trustee of, and the  Depositor  hereby  grants to the Trustee,  to secure all of the
Depositor's  obligations  hereunder,  a security  interest in all of the Depositor's  right,  title,  and interest,
whether now owned or hereafter  acquired,  in and to (i) the Mortgage  Loans,  (ii) all  accounts,  chattel  paper,
deposit accounts,  documents,  general  intangibles,  goods,  instruments,  investment  property,  letter-of-credit
rights,  letters of credit,  money, and oil, gas, and other minerals,  consisting of, arising from, or relating to,
any of the foregoing; and (iii) all proceeds of the foregoing.

                  (b)      The Depositor shall file such financing  statements,  and the Depositor,  the Servicers,
and the Trustee (or the  Certificate  Administrator  on behalf of the Trustee) at the  direction  of the  Depositor
shall, to the extent  consistent  with this Agreement,  take such other actions as may be necessary to ensure that,
if this Agreement were found to create a security  interest in the Mortgage Loans,  such security interest would be
a perfected  security  interest of first  priority under  applicable law and will be maintained as such  throughout
the term of the  Agreement.  In  connection  herewith,  the Trustee  shall have all of the rights and remedies of a
secured party under the Uniform Commercial Code as in force in the relevant jurisdiction.

                                                             51

                  (c)      It is the express intent of the parties  hereto that the transfer of the  Uncertificated
Lower-Tier  Regular  Interests by the Depositor to the Trustee  pursuant to this Agreement be, and be construed as,
an absolute sale of the  Uncertificated  Lower-Tier  Regular  Interests.  It is, further,  not the intention of the
parties that such  transfer be deemed the grant of a security  interest in the  Uncertificated  Lower-Tier  Regular
Interests by the Depositor to the Trustee to secure a debt or other  obligation of the Depositor.  However,  in the
event that,  notwithstanding  the intent of the parties,  the Uncertificated  Lower-Tier Regular Interests are held
to be the  property  of the  Depositor,  or if for any other  reason this  Agreement  is held or deemed to create a
security interest in the Uncertificated  Lower-Tier Regular Interests,  then: (1) this Agreement shall constitute a
security  agreement,  and (2) the transfer of the Uncertificated  Lower-Tier Regular Interests provided for in this
Agreement  shall be deemed to be a grant by the  Depositor to the Trustee of, and the  Depositor  hereby  grants to
the  Trustee,  to  secure  all  of  the  Depositor's  obligations  hereunder,  a  security  interest  in all of the
Depositor's right, title, and interest,  whether now owned or hereafter acquired,  in and to (i) the Uncertificated
Lower-Tier  Regular  Interests,  including  all rights  represented  thereby in and to the  Mortgage  Loans and the
proceeds thereof,  (ii) all accounts,  chattel paper,  deposit accounts,  documents,  general  intangibles,  goods,
instruments,  investment  property,  letter-of-credit  rights,  letters of credit,  money,  and oil, gas, and other
minerals,  consisting  of,  arising  from,  or relating  to, any of the  foregoing;  and (iii) all  proceeds of the
foregoing.

                  (d)      The Depositor shall file such financing  statements,  and the Depositor,  the Servicers,
and the Trustee (or the  Certificate  Administrator  on behalf of the Trustee) at the  direction  of the  Depositor
shall, to the extent  consistent  with this Agreement,  take such other actions as may be necessary to ensure that,
if this Agreement were found to create a security  interest in the  Uncertificated  Lower-Tier  Regular  Interests,
such security  interest would be a perfected  security  interest of first priority under applicable law and will be
maintained as such  throughout the term of the  Agreement.  In connection  herewith,  the Trustee shall have all of
the  rights  and  remedies  of a  secured  party  under the  Uniform  Commercial  Code as in force in the  relevant
jurisdiction.

                                                             52

                  Section 2.06      Designation  of Interests in the REMIC.  The Depositor  hereby  designates  the
Classes of Class A Certificates  (other than the Class 1-A-R  Certificates) and the Classes of Class B Certificates
as classes  of  "regular  interests"  and  Component  II of the Class  1-A-R  Certificates  as the single  class of
"residual  interest"  in the  Upper-Tier  REMIC  for the  purposes  of Code  Sections  860G(a)(1)  and  860G(a)(2),
respectively.  The Depositor hereby further designates each  Uncertificated  Lower-Tier Regular Interest as classes
of "regular  interests" and Component I of the Class 1-A-R Certificates as the single class of "residual  interest"
in the Lower-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively.

                  Section 2.07      Designation  of Start-up  Day.  The Closing  Date is hereby  designated  as the
"start-up day" of each of the Upper-Tier  REMIC and  Lower-Tier  REMIC within the meaning of Section  860G(a)(9) of
the Code.

                  Section 2.08      REMIC  Certificate  Maturity  Date.  Solely for purposes of satisfying  Section
1.860G-1(a)(4)(iii)  of the Treasury  Regulations,  the "latest possible maturity date" of the regular interests in
the Upper-Tier REMIC and Lower-Tier REMIC is March 1, 2037 (the "REMIC Certificate Maturity Date").

                  Section 2.09      Receipt of Trust Estate;  Execution and Delivery of  Certificates.  The Trustee
acknowledges the issuance of and hereby declares that it holds the  Uncertificated  Lower-Tier Regular Interests on
behalf of the  Upper-Tier  REMIC and the  Certificateholders,  and  acknowledges  receipt of the Mortgage Loans and
Uncertificated  Lower-Tier Regular  Interests,  together with all other assets included in the definition of "Trust
Estate."  The  Certificate  Administrator  has  executed  and  delivered  to or upon  the  order  of the  Depositor
Certificates in authorized  denominations  which,  together with the  Uncertificated  Lower-Tier Regular Interests,
evidence ownership of the entire Trust Estate.

                                                             53

                                                    ARTICLE III

                                           ADMINISTRATION AND SERVICING
                                                 OF MORTGAGE LOANS

                  Section 3.01      Servicers   to   Service   Mortgage   Loans.   For   and  on   behalf   of  the
Certificateholders,  National City (or any successor  Servicer  thereto)  shall service and administer the National
City Mortgage Loans,  Fifth Third (or any successor  Servicer thereto) shall service and administer the Fifth Third
Mortgage Loans,  SunTrust (or any successor  Servicer  thereto) shall service and administer the SunTrust  Mortgage
Loans,  and Wells Fargo (or any successor  Servicer  thereto) shall service and administer the Wells Fargo Mortgage
Loans, in each case in accordance with the terms of this Agreement,  the Customary Servicing Procedures  applicable
to such  Servicer,  all  applicable  requirements  of the Servicing  Criteria,  applicable law and the terms of the
related  Mortgage Notes and Mortgages.  In connection with such servicing and  administration,  each Servicer shall
have full power and  authority,  acting alone and/or  through  Subservicers  as provided in Section  3.02, to do or
cause to be done any and all things that it may deem  necessary or desirable in connection  with such servicing and
administration  including,  but not  limited  to,  the power and  authority,  subject to the terms  hereof,  (a) to
execute and deliver, on behalf of the Certificateholders  and the Trustee,  customary consents or waivers and other
instruments  and documents,  (b) to consent,  with respect to the Mortgage  Loans it services,  to transfers of any
Mortgaged  Property and  assumptions of the Mortgage Notes and related  Mortgages (but only in the manner  provided
in this Agreement),  (c) to collect any Insurance Proceeds and other Liquidation  Proceeds relating to the Mortgage
Loans it services,  and (d) to  effectuate  foreclosure  or other  conversion  of the  ownership  of the  Mortgaged
Property  securing any Mortgage Loan it services.  Each Servicer  shall  represent and protect the interests of the
Trust in the same manner as it protects  its own  interests  in mortgage  loans in its own  portfolio in any claim,
proceeding  or  litigation  regarding  a  Mortgage  Loan and shall not make or permit any  modification,  waiver or
amendment of any term of any Mortgage  Loan,  except as provided  pursuant to Section  3.21.  Without  limiting the
generality of the  foregoing,  each  Servicer,  in its own name or in the name of any  Subservicer or the Depositor
and the Trustee,  is hereby  authorized  and empowered by the  Depositor and the Trustee,  when the Servicer or any
Subservicer,  as the case may be, believes it appropriate in its reasonable  judgment,  to execute and deliver,  on
behalf  of the  Trustee,  the  Depositor,  the  Certificateholders  or any of  them,  any  and all  instruments  of
satisfaction or cancellation,  or of partial or full release or discharge,  and all other  comparable  instruments,
with respect to the Mortgage Loans it services,  and with respect to the related Mortgaged  Properties held for the
benefit of the  Certificateholders.  Each Servicer  shall  prepare and deliver to the Depositor  and/or the Trustee
such  documents  requiring  execution and delivery by any or all of them as are necessary or  appropriate to enable
such  Servicer to service and  administer  the Mortgage  Loans it services to the extent that such  Servicer is not
permitted  to execute  and  deliver  such  documents  pursuant  to the  preceding  sentence.  Upon  receipt of such
documents,  the Depositor  and/or the Trustee,  upon the direction of such Servicer,  shall  promptly  execute such
documents and deliver them to such Servicer.

                  In  accordance  with the  standards of the preceding  paragraph,  each 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  relating to the Mortgage Loans it services,  which Servicing  Advances shall be reimbursable
in the first  instance  from related  collections  from the  Mortgagors  pursuant to Section  3.09,  and further as

                                                             54

provided in Section  3.11.  The costs,  if any,  incurred by a Servicer in effecting  the timely  payments of taxes
and  assessments  on the  Mortgaged  Properties  and  related  insurance  premiums  shall not,  for the  purpose of
calculating  monthly  distributions to the  Certificateholders,  be added to the Stated  Principal  Balances of the
related  Mortgage Loans,  notwithstanding  that the terms of such Mortgage Loans so permit.  However,  advances for
taxes may be capitalized in accordance with a loan modification pursuant to Section 3.21.

                  The  relationship  of each Servicer (and of any successor to such Servicer as servicer under this
Agreement) to the Trustee,  the Master Servicer,  the  Certificateholders  and the Certificate  Administrator 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.  In the event of any  conflict,  inconsistency  or  discrepancy  between any servicing
provision of this  Agreement and any  servicing  provision of any  servicing  agreement  between the Seller and any
Servicer, the provisions of this Agreement shall control and be binding upon the Seller and such Servicer.

                  Section 3.02      Subservicing and Subcontracting; Enforcement of the Obligations of Servicers.

                  (a)      Each  Servicer may arrange for the  subservicing  of any Mortgage  Loan it services by a
Subservicer pursuant to a Subservicing  Agreement;  provided,  however, that such subservicing  arrangement and the
terms of the related  Subservicing  Agreement  must  provide for the  servicing of such  Mortgage  Loan in a manner
consistent  with  the  servicing  arrangements  contemplated  hereunder.  Notwithstanding  the  provisions  of  any
Subservicing  Agreement,  any of the provisions of this Agreement relating to agreements or arrangements  between a
Servicer and a Subservicer or reference to actions taken through a Subservicer or otherwise,  the related  Servicer
shall remain obligated and liable to the Depositor,  the Trustee and the  Certificateholders  for the servicing and
administration  of the Mortgage  Loans it services in  accordance  with the  provisions of this  Agreement  without
diminution of such obligation or liability by virtue of such  Subservicing  Agreements or arrangements or by virtue
of  indemnification  from the Subservicer and to the same extent and under the same terms and conditions as if such
Servicer alone were servicing and  administering  those Mortgage Loans. All actions of each  Subservicer  performed
pursuant to the related  Subservicing  Agreement shall be performed as agent of the related  Servicer with the same
force and effect as if performed directly by such Servicer.

                  (b)      For  purposes of this  Agreement,  each  Servicer  shall be deemed to have  received any
collections,  recoveries  or  payments  with  respect to the  Mortgage  Loans it  services  that are  received by a
Subservicer regardless of whether such payments are remitted by the Subservicer to such Servicer.

                  (c)      As part of its servicing  activities  hereunder,  each Servicer,  for the benefit of the
Trustee  and the  Certificateholders,  shall use its best  reasonable  efforts to enforce the  obligations  of each
Subservicer  engaged  by  such  Servicer  under  the  related  Subservicing  Agreement,  to  the  extent  that  the
non-performance  of any such  obligation  would  have a  material  and  adverse  effect on a  Mortgage  Loan.  Such
enforcement,  including,  without  limitation,  the  legal  prosecution  of  claims,  termination  of  Subservicing
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 such  Servicer,  in its good faith  business  judgment,  would require were it the owner of the
related  Mortgage  Loans.  Such 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 Loan or (ii) from a specific  recovery of
costs, expenses or attorneys fees against the party against whom such enforcement is directed.

                                                             55

                  (d)      Any  Subservicing  Agreement  entered  into by a Servicer  shall  provide that it may be
assumed or terminated by the Master Servicer,  if the Master Servicer has assumed the duties of a Servicer,  or any
successor  Servicer,  at the Master  Servicer's or successor  Servicer's  option,  as  applicable,  without cost or
obligation  to the  assuming  or  terminating  party  or the  Trust,  upon  the  assumption  by such  party  of the
obligations of the Servicer  pursuant to Section 8.05.  Each Servicer shall be solely  responsible for any fees and
expenses  payable  to any  Subservicer  in  connection  with the  assumption  or  termination  of any  Subservicing
Agreement.

                  Any  Subservicing  Agreement,  and any other  transactions  or services  relating to the Mortgage
Loans involving a Subservicer,  shall be deemed to be between the related Servicer and such Subservicer  alone, and
the Trustee,  the Master Servicer,  the Certificate  Administrator and the  Certificateholders  shall not be deemed
parties thereto and shall have no  obligations,  duties or liabilities to or with respect to the Subservicer or its
officers, directors or employees, except as set forth in Section 3.01.

                  (e)      A Servicer  shall not permit a  Subservicer  to perform any  servicing  responsibilities
hereunder  with respect to the Mortgage  Loans unless that  Subservicer  first agrees in writing with such Servicer
to deliver:

                           (i)      an  Item  1123  Certficate,   an  Assessment  of  Compliance,  an  Accountant's
         Attestation  and a Back-Up  Certification  in such manner and at such times that permits that  Servicer to
         comply with Sections 12.06, 12.07, 12.08 and 12.09 of this Agreement, respectively; and

                           (ii)     a  description  of (A)  any  litigation  or  governmental  proceedings  pending
         against such  Subservicer that are material to  Certificateholders,  (B) any affiliations or relationships
         between such  Subservicer  and any Servicer,  the Master  Servicer,  the  Certificate  Administrator,  the
         Custodian or the Trustee,  and (C) any litigation or  affiliations  described in clauses (A) or (B) above,
         respectively,   that  occur  or  arise   after  such   Subservicer   agrees  to  perform   any   servicing
         responsibilities  hereunder.  Each such  description  shall be delivered  to the related  Servicer in such
         manner and at such  times that  permits  the  Servicer  to comply  with  Sections  12.02 and 12.04 of this
         Agreement.

                  (f)      A Servicer shall not outsource one or more separate servicing  functions  hereunder with
respect to the Mortgage  Loans to any  Subcontractor  unless that  Subcontractor  first agrees in writing with such
Servicer to deliver an Assessment of Compliance  and an  Accountant's  Attestation in such manner and at such times
that permits that Servicer to comply with Sections 12.07 and 12.08 of this Agreement.

                                                             56

                  Section 3.03      Fidelity Bond; Errors and Omissions Insurance.

                  Each Servicer shall  maintain,  at its own expense,  and provide  evidence  thereof to the Master
Servicer upon request,  a blanket fidelity bond and an errors and omissions  insurance policy,  with broad coverage
on all officers,  employees or other persons acting in any capacity requiring such persons to handle funds,  money,
documents or papers  relating to the Mortgage Loans it services.  These  policies must insure the related  Servicer
against losses  resulting from dishonest or fraudulent acts committed by such Servicer's  personnel,  any employees
of outside firms that provide data  processing  services for such  Servicer,  and temporary  contract  employees or
student  interns.  Such  fidelity  bond shall also protect and insure such  Servicer  against  losses in connection
with the release or  satisfaction of a Mortgage Loan without having  obtained  payment in full of the  indebtedness
secured  thereby.  No  provision  of this  Section  3.03  requiring  such  fidelity  bond and errors and  omissions
insurance  shall  diminish or relieve a Servicer from its duties and  obligations  as set forth in this  Agreement.
The  minimum  coverage  under any such  bond and  insurance  policy  shall be at least  equal to the  corresponding
amounts  required by FNMA in the FNMA  Servicing  Guide or by FHLMC in the FHLMC  Sellers' & Servicers'  Guide,  as
amended or restated  from time to time,  or in an amount as may be permitted  to the Servicer by express  waiver of
FNMA or FHLMC.

                  The Master Servicer shall  maintain,  at its own expense,  a blanket  fidelity bond and an errors
and omissions  insurance policy,  affording coverage with respect to all directors,  officers,  employees and other
Persons  acting on the Master  Servicer's  behalf,  and covering  errors and  omissions in the  performance  of the
Master  Servicer's  obligations  hereunder.  The errors and omissions  insurance policy and the fidelity bond shall
be in such form and amount generally acceptable for entities serving as master servicers.

                  Section 3.04      Access to Certain Documentation.

                  The Master  Servicer and each  Servicer  shall  provide to the OTS and the FDIC and to comparable
regulatory  authorities  supervising  Holders of Subordinate  Certificates and the examiners and supervisory agents
of the OTS, the FDIC and such other  authorities,  access to the documentation  required by applicable  regulations
of the OTS and the FDIC with  respect to the Mortgage  Loans.  Such access shall be afforded  without  charge,  but
only upon reasonable and prior written  request and during normal  business hours at the offices  designated by the
Master  Servicer  and each  Servicer.  Nothing  in this  Section  3.04  shall  limit the  obligation  of the Master
Servicer or a Servicer to observe any  applicable  law, and the failure of the Master  Servicer or such Servicer to
provide  access as provided in this Section 3.04 as a result of such  obligation  shall not  constitute a breach of
this Section 3.04.

                  Section 3.05      Maintenance of Primary Insurance Policy; Claims.

                  With  respect to each  Mortgage  Loan  which was  covered  by a Primary  Insurance  Policy on the
Cut-off Date,  or the date that such  Mortgage Loan is  transferred  to the Trustee,  the Servicer  servicing  such
Mortgage  Loan shall,  without any cost to the Trust  Estate,  maintain or cause the  Mortgagor to maintain in full
force and effect a Primary  Insurance  Policy  insuring that portion of the Mortgage Loan in excess of a percentage
in  conformity  with FNMA  requirements.  Each  Servicer  shall pay or shall cause the Mortgagor to pay the premium
thereon on a timely basis, at least until the  Loan-to-Value  Ratio of such Mortgage Loan is reduced to 80% or such
other  Loan-to-Value  Ratio as may be required by law. If such Primary Insurance Policy is terminated,  the related
Servicer  shall obtain from another  insurer a comparable  replacement  policy,  with a total coverage equal to the
remaining  coverage of such  terminated  Primary  Insurance  Policy.  If the  insurer  shall cease to be an insurer
acceptable  to FNMA,  such Servicer  shall notify the Trustee in writing,  it being  understood  that such Servicer

                                                             57

shall not have any  responsibility  or liability for any failure to recover under the Primary  Insurance Policy for
such  reason.  If the  related  Servicer  determines  that  recoveries  under  the  Primary  Insurance  Policy  are
jeopardized  by the  financial  condition of the insurer,  such  Servicer  shall obtain from another  insurer which
meets the  requirements  of this Section 3.05 a replacement  insurance  policy.  No Servicer  shall take any action
that would result in  noncoverage  under any  applicable  Primary  Insurance  Policy of any loss that,  but for the
actions of the  related  Servicer,  would have been  covered  thereunder.  In  connection  with any  assumption  or
substitution  agreement,  the  related  Servicer  shall  promptly  notify the  insurer  under the  related  Primary
Insurance  Policy,  if any, of such  assumption or  substitution  of liability in accordance with the terms of such
Primary  Insurance  Policy and shall take all actions  which may be required by such  insurer as a condition to the
continuation of coverage under such Primary  Insurance  Policy.  If such Primary  Insurance Policy is terminated as
a result of such  assumption or  substitution  of  liability,  such  Servicer  shall obtain a  replacement  Primary
Insurance Policy as provided above.

                  In connection with its activities as servicer,  each Servicer  agrees to prepare and present,  on
behalf of itself,  the  Trustee,  and the  Certificateholders,  claims to the insurer  under any Primary  Insurance
Policy in a timely fashion in accordance with the terms of such Primary  Insurance  Policy and, in this regard,  to
take such  action as shall be  necessary  to permit  recovery  under any  Primary  Insurance  Policy  respecting  a
Defaulted Mortgage Loan.  Pursuant to Section  3.08(b)(iii),  any amounts collected by a Servicer under any Primary
Insurance Policy shall be deposited in the related Servicer  Custodial Account,  subject to withdrawal  pursuant to
Section 3.11.

                  Each  Servicer will comply with all  provisions  of applicable  state and federal law relating to
the  cancellation of, or collection of premiums with respect to, Primary  Insurance  Policies,  including,  but not
limited to, the provisions of the Homeowners  Protection Act of 1998, and all regulations  promulgated  thereunder,
as amended from time to time.

                  Section 3.06      Rights of the Depositor and Others in Respect of the Servicers.

                  The  Depositor  may,  but is not  obligated  to,  enforce  the  obligations  of  either  Servicer
hereunder and may, but is not obligated to, perform,  or cause a designee to perform,  any defaulted  obligation of
a Servicer  hereunder  and in connection  with any such  defaulted  obligation to exercise the related  rights of a
Servicer  hereunder;  provided that no Servicer shall be relieved of any of its obligations  hereunder by virtue of
such  performance  by the  Depositor or its  designee.  None of the Trustee,  the  Certificate  Administrator,  the
Master Servicer or the Depositor shall have any  responsibility  or liability for any action or failure to act by a
Servicer,  and the Trustee,  the  Certificate  Administrator  and the Depositor shall not be obligated to supervise
the performance of a Servicer hereunder or otherwise.

                                                             58

                  Any  Subservicing  Agreement that may be entered into and any  transactions or services  relating
to the  Mortgage  Loans  involving  a  Subservicer  in its  capacity  as such  shall be  deemed to be  between  the
Subservicer and the related Servicer alone,  and the Trustee,  the Certificate  Administrator,  the Master Servicer
and  Certificateholders  shall not be deemed parties thereto and shall have no  obligations,  duties or liabilities
with  respect  to  the  Subservicer.  Each  Servicer  shall  be  solely  liable  for  all  fees  owed  by it to any
Subservicer,  irrespective of whether such Servicer's  compensation pursuant to this Agreement is sufficient to pay
such fees.

                  Section 3.07      [Reserved].

                  Section 3.08      Collection of Mortgage Loan Payments; Servicer Custodial Accounts;  Collection
Account; Certificate Account; and Upper-Tier Certificate Account.

                  (a)      Each Servicer will proceed  diligently,  in accordance with this  Agreement,  to collect
all  payments  due under  each of the  Mortgage  Loans it  services  when the same shall  become  due and  payable.
Further,  each Servicer will in accordance with all applicable law, the terms of the Mortgage Loans,  and Customary
Servicing  Procedures  applicable  thereto  ascertain and estimate taxes,  assessments,  fire and hazard  insurance
premiums,  mortgage  insurance  premiums and all other charges with respect to the Mortgage Loans it services that,
as  provided  in any  Mortgage,  will  become  due and  payable  to the end that the  installments  payable  by the
Mortgagors  will be  sufficient  to pay such charges as and when they become due and payable.  Consistent  with the
foregoing,  each  Servicer may in its  discretion  (i) waive any late payment  charge or any  prepayment  charge or
penalty  interest in  connection  with the  prepayment of a Mortgage Loan it services and (ii) extend the due dates
for payments due on a Mortgage Note for a period not greater than 120 days; provided,  however,  that such Servicer
cannot  extend  the  maturity  of any such  Mortgage  Loan past the date on which the final  payment  is due on the
latest  maturing  Mortgage Loan as of the Cut-Off Date. In the event of any such  arrangement,  such Servicer shall
make Periodic  Advances on the related  Mortgage Loan in accordance  with the provisions of Section 3.20 during the
scheduled period in accordance with the amortization  schedule of such Mortgage Loan without  modification  thereof
by reason of such  arrangements.  No Servicer shall be required to institute or join in litigation  with respect to
collection  of any  payment  (whether  under a  Mortgage,  Mortgage  Note or  otherwise  or  against  any public or
governmental  authority  with respect to a taking or  condemnation)  if it reasonably  believes that  enforcing the
provision  of the  Mortgage or other  instrument  pursuant  to which such  payment is  required  is  prohibited  by
applicable law.

                  (b)      Each  Servicer  shall  establish  and  maintain  a  Servicer  Custodial  Account.   Each
Servicer  shall  deposit or cause to be  deposited  into the related  Servicer  Custodial  Account,  within two (2)
Business  Days  of  receipt,  except  as  otherwise  specifically  provided  herein,  the  following  payments  and
collections  remitted by the related  Subservicers or received by such Servicer in respect of the Mortgage Loans it
services  subsequent  to the Cut-Off  Date (other than in respect of  principal  and  interest  due on the Mortgage
Loans on or before the Cut-Off Date) and the following  amounts required to be deposited  hereunder with respect to
the Mortgage Loans it services:

                  (i)      all  payments  on  account of  principal  of the  Mortgage  Loans,  including  Principal
         Prepayments;

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                  (ii)     all payments on account of interest on the Mortgage Loans, net of the Servicing Fee;

                  (iii)    (A)      all Insurance Proceeds and Liquidation Proceeds,  other than Insurance Proceeds
         to be (1) applied to the  restoration or repair of the Mortgaged  Property,  (2) released to the Mortgagor
         in accordance with Customary  Servicing  Procedures,  the terms of the Mortgage Loan, or applicable law or
         (3) required  to be  deposited  to an Escrow  Account  pursuant to Section  3.09(a) and (B) any  Insurance
         Proceeds released from an Escrow Account pursuant to Section 3.09(b)(iv);

                  (iv)     any amount  required to be deposited  by such  Servicer  pursuant to Section  3.08(d) in
         connection  with any losses on  Permitted  Investments  with  respect to the  related  Servicer  Custodial
         Account;

                  (v)      any amounts required to be deposited by such Servicer pursuant to Section 3.14;

                  (vi)     all  Repurchase  Prices,   all  Substitution   Adjustment  Amounts  and  all  Subsequent
         Recoveries received by such Servicer;

                  (vii)    Periodic  Advances  made by such  Servicer  pursuant to Section 3.20 and any payments of
         Compensating Interest; and

                  (viii)   any other amounts required to be deposited hereunder.

                  The foregoing  requirements for deposits to a Servicer  Custodial Account by the related Servicer
shall be  exclusive,  it being  understood  and agreed that,  without  limiting the  generality  of the  foregoing,
payments in the nature of prepayment  penalties,  late payment charges or assumption  fees, if collected,  need not
be deposited by such Servicer.  If a Servicer shall deposit in the related  Servicer  Custodial  Account any amount
not required to be  deposited,  it may at any time  withdraw or direct the  institution  maintaining  such Servicer
Custodial  Account to withdraw  such amount from such  Servicer  Custodial  Account,  any  provision  herein to the
contrary  notwithstanding.  A Servicer  Custodial  Account may contain funds that belong to one or more trust funds
created for mortgage  pass-through  certificates of other series and may contain other funds respecting payments on
mortgage  loans  belonging to such  Servicer or serviced by such  Servicer on behalf of others;  provided that such
commingling  of funds shall not be permitted at any time during which (i) Fitch's senior  long-term  unsecured debt
rating  of such  Servicer  is  below  "A" or (ii)  Fitch's  short-term  rating  of such  Servicer  is  below  "F1."
Notwithstanding  such commingling of funds,  each Servicer shall keep records that accurately  reflect the funds on
deposit in the related  Servicer  Custodial  Account that have been  identified by it as being  attributable to the
Mortgage Loans it services.  Each Servicer shall maintain  adequate  records with respect to all  withdrawals  made
pursuant to this Section 3.08.  All funds  required to be deposited in a Servicer  Custodial  Account shall be held
in trust for the Certificateholders until withdrawn in accordance with Section 3.11.

                  (c)      [Reserved].

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                  (d)      Each  institution at which a Servicer  Custodial  Account is maintained shall invest the
funds  therein as directed in writing by the related  Servicer in  Permitted  Investments,  which shall  mature not
later than the Business Day next preceding the related  Remittance  Date (except that if such Permitted  Investment
is an obligation of the institution  that maintains such account,  then such Permitted  Investment shall mature not
later than such Remittance  Date),  and shall not be sold or disposed of prior to its maturity.  All such Permitted
Investments  shall be made in the name of the  Trustee,  for the benefit of the  Certificateholders.  All income or
gain (net of any losses)  realized  from any such  investment of funds on deposit in a Servicer  Custodial  Account
shall be for the benefit of the related  Servicer as servicing  compensation and shall be retained by it monthly as
provided  herein.  The  amount of any  losses  realized  in a  Servicer  Custodial  Account  in respect of any such
investments shall promptly be deposited by the related Servicer in such Servicer Custodial Account.

                  (e)      Each Servicer shall give prior notice to the Master  Servicer of any proposed  change of
the location of the related  Servicer  Custodial  Account  maintained by such Servicer.  The creation of a Servicer
Custodial  Account shall be evidenced by a certification  substantially  in the form of Exhibit F hereto. A copy of
such certification shall be furnished to the Master Servicer.

                  (f)      The Master  Servicer  shall  establish and maintain in the name of the Trustee,  for the
benefit of the  Certificateholders,  the  Collection  Account  as a  segregated  trust  account  or  accounts.  The
Collection  Account shall be an Eligible Account.  The Master Servicer will deposit in the Collection  Account,  as
identified by the Master Servicer and as received by the Master Servicer, the following amounts:

                           (i)      Any amounts withdrawn from a Servicer Custodial Account;

                           (ii)     Any Periodic  Advances made by the Master Servicer pursuant to Section 3.20 and
         any payments of Compensating Interest;

                           (iii)    Any Insurance  Proceeds or  Liquidation  Proceeds which were not deposited in a
         Servicer Custodial Account;

                           (iv)     The  Repurchase  Price with  respect to any  Mortgage  Loans  purchased  by the
         Seller pursuant to the Mortgage Loan Purchase  Agreement or by the Depositor  pursuant to Sections 2.02 or
         2.04 hereof and Substitution  Adjustment Amounts received by the Master Servicer,  any and all proceeds of
         any Mortgage  Loans or property  acquired  with  respect  thereto  repurchased  by U.S.  Bank  pursuant to
         Section 10.01;

                           (v)      Any amounts  required to be deposited  with respect to losses on investments of
         deposits in the Collection Account; and

                           (vi)     Any other amounts  received by or on behalf of the Master Servicer and required
         to be deposited in the Collection Account pursuant to this Agreement.

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                  (g)      The  Collection  Account  may  contain  funds  that  belong to one or more  trust  funds
created for mortgage  pass-through  certificates of other series and may contain other funds respecting payments on
mortgage loans belonging to the Master  Servicer or serviced by the Master  Servicer on behalf of others;  provided
that such commingling of funds shall not be permitted at any time during which Fitch's senior  long-term  unsecured
debt rating of the Master Servicer is below "A" or (ii) Fitch's  short-term  rating of the Master Servicer is below
"F1."  Notwithstanding  such  commingling  of funds,  the  Master  Servicer  shall  keep  records  that  accurately
reflect the funds on deposit in the Collection  Account that have been  identified by it as being  attributable  to
the amounts  deposited to the Collection  Account  pursuant to this  Agreement.  The Master Servicer shall maintain
adequate  records with respect to all  withdrawals  made  pursuant to this Section 3.08.  All funds  required to be
deposited  in the  Collection  Account  shall  be held in  trust  for the  Certificateholders  until  withdrawn  in
accordance with Section 3.11.

                  (h)      The  Collection  Account  shall be held by the Master  Servicer.  The amount at any time
credited to the Collection  Account may remain uninvested or may be invested,  in the name of the Trustee,  for the
benefit of the  Certificateholders,  in Permitted  Investments  as directed by the Master  Servicer.  All Permitted
Investments  shall mature or be subject to redemption or withdrawal on or before,  and shall be held until, (i) the
next  succeeding  Distribution  Date if the obligor for such  Permitted  Investment  is the  institution  acting as
Master  Servicer or if such  Permitted  Investment is a money market mutual fund the advisor of which is the Master
Servicer or an Affiliate  thereof or (ii) if such obligor is any other  Person,  the  Business Day  preceding  such
Distribution  Date.  All income or gain (net of any losses)  realized from any such  investment of funds on deposit
in the Collection  Account shall be for the benefit of the Master  Servicer as master  servicing  compensation  and
shall be retained by it monthly as provided  herein.  The amount of any losses  realized in the Collection  Account
in respect of any such investments shall promptly be deposited by the Master Servicer in the Collection Account.

                  (i)      The Certificate  Administrator  shall establish and maintain in the name of the Trustee,
for the benefit of the  Certificateholders,  the  Certificate  Account as a segregated  trust  account or accounts.
The  Certificate  Account  shall  be an  Eligible  Account.  The  Certificate  Administrator  will  deposit  in the
Certificate  Account,  as  identified  by  the  Certificate  Administrator  and  as  received  by  the  Certificate
Administrator, the following amounts:

                           (i)      Any  amounts  withdrawn  from  the  Collection   Account  pursuant  to  Section
         3.11(b)(vii);

                           (ii)     Any amounts  required to be deposited  with respect to losses on investments of
         deposits in the Certificate Account; and

                           (iii)    Any other  amounts  received by or on behalf of the  Certificate  Administrator
         and required to be deposited in the Certificate Account pursuant to this Agreement.

                  (j)      All  amounts  deposited  to the  Certificate  Account  shall be held by the  Certificate
Administrator  in the name of the Trustee in trust for the benefit of the  Certificateholders  in  accordance  with
the terms and provisions of this Agreement.

                  (k)      The  Certificate  Account shall  constitute a trust  account of the Trust  segregated on
the books of the  Certificate  Administrator  and held by the Certificate  Administrator  in trust in its Corporate
Trust  Office.  The  Certificate  Account  shall be an  Eligible  Account.  The amount at any time  credited to the
Certificate  Account may remain uninvested or may be invested,  in the name of the Trustee,  for the benefit of the

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Certificateholders,  in  Permitted  Investments  as  directed  by  the  Certificate  Administrator.  All  Permitted
Investments  shall mature or be subject to redemption or withdrawal on or before,  and shall be held until, (i) the
Distribution  Date on which such amounts are to  withdrawn  and paid to the  Certificateholders  if the obligor for
such Permitted  Investment is the institution acting as Certificate  Administrator or if such Permitted  Investment
is a money market  mutual fund the advisor of which is the  Certificate  Administrator  or an Affiliate  thereof or
(ii) if such obligor is any other Person,  the Business Day preceding  such  Distribution  Date. All income or gain
(net of any losses)  realized from any such investment of funds on deposit in the Certificate  Account shall be for
the  benefit of the  Certificate  Administrator  as  compensation  and shall be  retained by it monthly as provided
herein.  The amount of any losses  realized in the  Certificate  Account in respect of any such  investments  shall
promptly be deposited by the Certificate Administrator in the Certificate Account.

                  (l)      The Certificate  Administrator  shall establish and maintain the Upper-Tier  Certificate
Account (which may be a sub-account of the Certificate  Account).  On each  Distribution Date (other than the Final
Distribution  Date, if such Final  Distribution  Date is in  connection  with a purchase of the assets of the Trust
Estate by the Depositor),  the Certificate  Administrator shall, from funds available on deposit in the Certificate
Account,  deposit, in immediately available funds, by wire transfer or otherwise,  into the Upper-Tier  Certificate
Account, the Lower-Tier Distribution Amount.

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

                  (a)      To the extent  required by the related  Mortgage  Note and not violative of current law,
each  Servicer  shall  segregate  and hold all funds  collected  and received  pursuant to each Mortgage Loan which
constitute  Escrow  Payments in trust  separate and apart from any of its own funds and general assets and for such
purpose shall establish and maintain one or more escrow accounts  (collectively,  the "Escrow  Accounts"),  in each
case titled  "[Insert name of  Servicer],  in trust for  registered  holders of Wachovia  Mortgage Loan Trust,  LLC
Mortgage  Pass-Through  Certificates,  Series  2007-A  and  various  Mortgagors."  Each  Escrow  Account  shall  be
established  with a commercial  bank, a savings bank or a savings and loan  association  that meets the  guidelines
set forth by FNMA or FHLMC as an eligible  institution  for escrow  accounts and which is a member of the Automated
Clearing House.  In any case,  each Escrow Account shall be insured by the FDIC to the fullest extent  permitted by
law. Each  Servicer  shall deposit in the  appropriate  Escrow  Account  within two (2) Business  Days,  and retain
therein:  (i) all Escrow  Payments  collected  on account of the  Mortgage  Loans,  (ii) all  amounts  representing
proceeds  of any  hazard  insurance  policy  which are to be applied to the  restoration  or repair of any  related
Mortgaged  Property and (iii) all amounts  representing  proceeds of any Primary Insurance  Policy.  Nothing herein
shall  require a Servicer to compel a Mortgagor to establish an Escrow  Account in violation of  applicable  law or
the terms of the related Mortgage Loan.

                  (b)      Withdrawals of amounts so collected  from the Escrow  Accounts may be made by a Servicer
only (i) to effect timely payment of taxes,  assessments,  mortgage insurance  premiums,  fire and hazard insurance
premiums,  condominium or PUD association  dues, or comparable items  constituting  Escrow Payments for the related
Mortgage,  (ii) to  reimburse the Servicer out of related Escrow  Payments made with respect to a Mortgage Loan for

                                                             63

any  Servicing  Advance  made by the Servicer  pursuant to Section  3.09(c)  with  respect to such  Mortgage  Loan,
(iii) to  refund to any Mortgagor any sums  determined  to be overages,  (iv) for transfer to a Servicer  Custodial
Account upon default of a Mortgagor or in accordance  with the terms of the related  Mortgage Loan and if permitted
by applicable law, (v) for application to restore or repair the Mortgaged  Property,  (vi) to pay to the Mortgagor,
to the extent  required by law or the terms of the Mortgage Loan,  any interest paid on the funds  deposited in the
applicable  Escrow Account,  (vii) to pay to itself any interest earned on funds deposited in the applicable Escrow
Accounts  (and not required to be paid to the  Mortgagor),  (viii) to the extent  permitted  under the terms of the
related  Mortgage Note and applicable  law, to pay late fees with respect to any Monthly  Payment which is received
after the applicable grace period,  (ix) to withdraw  suspense  payments that are deposited into an Escrow Account,
(x) to withdraw  any amounts  inadvertently  deposited  in and Escrow  Account or (xi) to clear and  terminate  any
Escrow Account upon the  termination of this Agreement in accordance  with Section 10.01.  Any Escrow Account shall
not be a part of the Trust Estate.

                  (c)      With respect to each  Mortgage  Loan,  each Servicer  shall  maintain  accurate  records
reflecting  the status of taxes,  assessments  and other  charges which are or may become a lien upon the Mortgaged
Property  and the  status of  Primary  Insurance  Policy  premiums  and fire and hazard  insurance  coverage.  Each
Servicer shall obtain,  from time to time, all bills for the payment of such charges  (including  renewal premiums)
and shall effect payment  thereof prior to the applicable  penalty or  termination  date and at a time  appropriate
for securing  maximum  discounts  allowable,  employing  for such purpose  deposits of the  Mortgagor in the Escrow
Account,  if any, which shall have been estimated and  accumulated by such Servicer in amounts  sufficient for such
purposes,  as allowed  under the terms of the Mortgage  Loan.  To the extent that a Mortgage  Loan does not provide
for Escrow  Payments,  such Servicer  shall  determine  whether any such payments are made by the  Mortgagor.  Each
Servicer assumes full  responsibility  for the timely payment of all such bills and shall effect timely payments of
all such bills  irrespective of each Mortgagor's  faithful  performance in the payment of same or the making of the
Escrow  Payments.  Each Servicer  shall advance any such payments that are not timely paid, but each Servicer shall
be  required so to advance  only to the extent  that such  Servicing  Advances,  in the good faith  judgment of the
related  Servicer,  will be  recoverable  by such  Servicer  out of  Insurance  Proceeds,  Liquidation  Proceeds or
otherwise.

                  Section 3.10      Access to Certain Documentation and Information Regarding the Mortgage Loans.

                  Each Servicer shall afford the Master Servicer and the Trustee  reasonable  access to all records
and  documentation  in its  possession  regarding  the  Mortgage  Loans it  services  and all  accounts,  insurance
information and other matters  relating to this  Agreement,  such access being afforded  without  charge,  but only
upon reasonable request and during normal business hours at the office designated by each Servicer.

                  Upon reasonable advance notice in writing,  each Servicer will provide to each  Certificateholder
which is a savings and loan  association,  bank or  insurance  company  certain  reports and  reasonable  access to
information   and   documentation   regarding   the  Mortgage   Loans  it  services   sufficient   to  permit  such
Certificateholder  to comply with applicable  regulations of the OTS or other  regulatory  authorities with respect
to investment  in the  Certificates;  provided  that each Servicer  shall be entitled to be reimbursed by each such
Certificateholder for actual expenses incurred by such Servicer in providing such reports and access.

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                  Section 3.11      Permitted  Withdrawals  from  the  Servicer  Custodial  Accounts,  Collection
Account, Certificate Account and Upper-Tier Certificate Account.

                  (a)      Each  Servicer  may  from  time to time  make  withdrawals  from  the  related  Servicer
Custodial Account, for the following purposes:

                  (i)      to pay to  such  Servicer  (to  the  extent  not  previously  retained),  the  servicing
         compensation  to  which  it is  entitled  pursuant  to  Section  3.17,  and to pay to  such  Servicer,  as
         additional servicing  compensation,  earnings on or investment income with respect to funds in or credited
         to such Servicer Custodial Account;

                  (ii)     to  reimburse  such  Servicer  for  unreimbursed  Advances  made by it,  such  right  of
         reimbursement  pursuant to this clause (ii) being limited to amounts  received on the Mortgage  Loan(s) in
         respect of which any such Advance was made;

                  (iii)    to  reimburse  such  Servicer  for any  Nonrecoverable  Advance  previously  made or any
         Advances capitalized in accordance with Section 3.21(c);

                  (iv)     to reimburse such Servicer for Insured Expenses from the related Insurance Proceeds;

                  (v)      to pay to the  purchaser,  with respect to each  Mortgage  Loan or REO Property that has
         been  purchased  pursuant to Section 2.02 or 2.04,  all amounts  received  thereon  after the date of such
         purchase;

                  (vi)     [Reserved];

                  (vii)    to reimburse  such  Servicer or the  Depositor  for expenses  incurred by either of them
         and reimbursable pursuant to Section 7.03;

                  (viii)   to withdraw any amount  deposited in such  Servicer  Custodial  Account and not required
         to be deposited therein;

                  (ix)     to remit to the Master  Servicer on each  Remittance  Date (i) all  amounts  credited to
         such Servicer  Custodial  Account as of the close of business on the related  Determination  Date,  net of
         charges against or withdrawals  from such Servicer  Custodial  Account  pursuant to this Section  3.11(a),
         and excluding any Principal  Prepayments  received  after the end of the preceding  calendar  month,  plus
         (ii) to the extent not already deposited in such Servicer  Custodial  Account,  all Compensating  Interest
         and  Periodic  Advances,  if any,  for such  Distribution  Date which the  Servicer is  obligated to remit
         pursuant  to  Sections  3.17 and 3.20,  respectively,  minus  (iii) any  amounts  attributable  to Monthly
         Payments in respect of a Due Date or Due Dates  subsequent  to the  related  Due Date for such  Remittance
         Date; and

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                  (x)      to clear  and  terminate  such  Servicer  Custodial  Account  upon  termination  of this
         Agreement pursuant to Section 10.01.

                  Each  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 related  Servicer  Custodial  Account
pursuant to clauses (i), (ii),  (iv) and (v). Prior to making any withdrawal  from the Servicer  Custodial  Account
pursuant to clause  (iii),  each  Servicer  shall  deliver to the Master  Servicer an  Officer's  Certificate  of a
Servicing  Officer   indicating  the  amount  of  any  previous  Advance  determined  by  such  Servicer  to  be  a
Nonrecoverable  Advance  and  identifying  the  related  Mortgage  Loan(s)  and their  respective  portions of such
Nonrecoverable Advance.

                  With respect to any  remittance  received by the Master  Servicer  after the  Remittance  Date on
which such  remittance was due, the  applicable  Servicer  shall pay to the Master  Servicer  interest on such late
payment  at an  annual  rate  equal  to the  prime  rate,  adjusted  as of the  date of each  change,  plus two (2)
percentage  points,  but in no event greater than the maximum  amount  permitted by  applicable  law. Such interest
shall be deposited in the related  Servicer  Custodial  Account by the  applicable  Servicer for  remittance to the
Master  Servicer  on the date such  late  payment  is made and  shall  cover  the  period  commencing  with the day
following  such  Remittance  Date and  ending  with the day on which  such  payment is made,  both  inclusive.  The
payment by a Servicer  of any such  interest  shall not be deemed an  extension  of time for payment or a waiver of
any Event of Default by the Master Servicer or the Certificate Administrator.

                  (b)      The Master Servicer may from time to time make withdrawals  from the Collection  Account
for the following purposes:

                  (i)      to reimburse  the Master  Servicer for  unreimbursed  Advances made by it, such right of
         reimbursement  pursuant to this clause (i) being  limited to amounts  received on the Mortgage  Loan(s) in
         respect of which any such Advance was made;

                  (ii)     to reimburse the Master Servicer for any  Nonrecoverable  Advance previously made or any
         Advances capitalized in accordance with Section 3.21(c);

                  (iii)    to  reimburse  the Master  Servicer  for Insured  Expenses  from the  related  Insurance
         Proceeds;

                  (iv)     to pay to the Master  Servicer as  compensation  earnings on or  investment  income with
         respect to funds in the Collection Account;

                  (v)      to reimburse the Trustee,  the Master  Servicer and the Certificate  Administrator  for,
         or to pay expenses  incurred by either such party which are  reimbursable  or payable  pursuant to Section
         3.01, 7.03, 7.05, 8.01, 9.07 or 9.11 of this Agreement;

                  (vi)     to withdraw  and return to the Master  Servicer any amount  deposited in the  Collection
         Account and not required to be deposited therein;

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                  (vii)    to remit to the  Certificate  Administrator  at or before 10:00 a.m.,  New York time, on
         each  Distribution  Date all amounts  credited to the  Collection  Account as of such  remittance,  net of
         charges against or withdrawals from the Collection Account pursuant to this Section 3.11(b); and

                  (viii)   to clear  and  terminate  the  Collection  Account  upon  termination  of the  Agreement
         pursuant to Section 10.01.

The Master Servicer shall keep and maintain a separate  accounting,  on a Mortgage Loan by Mortgage Loan basis, and
shall provide a copy to the Certificate  Administrator,  for the purpose of accounting for any  reimbursement  from
the Collection Account pursuant to clauses (i) through (iii).

                  (c)      The  Certificate  Administrator  may  from  time  to  time  make  withdrawals  from  the
Certificate  Account  for  the  following  purposes:  (i) on  each  Distribution  Date,  to pay to the  Certificate
Administrator  the Certificate  Administrator Fee with respect to the Mortgage Loans in each Loan Group due on such
Distribution  Date, from the Pool Distribution  Amount,  and to pay to the Certificate  Administrator as additional
compensation  earnings on or investment  income with respect to funds in the Certificate  Account,  if any, (ii) on
each  Distribution  Date, to make  distributions to  Certificateholders  in the manner specified in this Agreement,
(iii) to withdraw and return to the Certificate  Administrator any amount deposited in the Certificate  Account and
not required to be deposited therein;  and (ii) to clear and terminate the Certificate  Account upon termination of
the Agreement pursuant to Section 10.01.

                  (d)      Notwithstanding  anything  herein to the  contrary,  the  Regular  Certificates  and the
Class  1-A-R  Certificates  shall  not  receive  distributions  directly  from  the  Certificate  Account.  On each
Distribution  Date,  funds on deposit in the Upper-Tier  Certificate  Account shall be used to make payments on the
Regular  Certificates  and the Class 1-A-R  Certificates  as provided in  Sections  5.01 and 5.02.  The  Upper-Tier
Certificate Account shall be cleared and terminated upon termination of this Agreement pursuant to Section 10.01.

                  Section 3.12      Maintenance of Hazard Insurance.

                  Each Servicer  shall cause to be maintained  for each Mortgage Loan it services,  fire and hazard
insurance with extended coverage  customary in the area where the Mortgaged  Property is located in an amount which
is at least equal to the lesser of (a) the full  insurable  value of the  Mortgaged  Property or (b) the greater of
(i) the  outstanding  principal  balance  owing on the  Mortgage  Loan and (ii) an amount such that the proceeds of
such  insurance  shall be sufficient  to avoid the  application  to the Mortgagor or loss payee of any  coinsurance
clause  under the policy.  If the  Mortgaged  Property  is in an area  identified  in the  Federal  Register by the
Federal  Emergency  Management  Agency as having  special  flood  hazards (and such flood  insurance  has been made
available) the Servicer  servicing the related  Mortgage Loan will cause to be maintained a flood insurance  policy
meeting the requirements of the current  guidelines of the Federal  Insurance  Administration  and the requirements
of FNMA or FHLMC.  Each  Servicer  shall also  maintain on REO Property,  fire and hazard  insurance  with extended
coverage in an amount which is at least equal to the maximum  insurable value of the improvements  which are a part
of such property,  liability  insurance and, to the extent  required,  flood insurance in an amount required above.

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Any amounts  collected  by a Servicer  under any such  policies  (other than  amounts to be  deposited in an Escrow
Account and  applied to the  restoration  or repair of the  property  subject to the  related  Mortgage or property
acquired in liquidation  of the Mortgage  Loan, or to be released to the Mortgagor in accordance  with the terms of
the  Mortgage  Loan,  applicable  law, or  applicable  Customary  Servicing  Procedures)  shall be deposited in the
related  Servicer  Custodial  Account,  subject to withdrawal  pursuant to Section  3.11(a).  It is understood  and
agreed that no  earthquake  or other  additional  insurance  need be required  by a Servicer  of any  Mortgagor  or
maintained on REO Property,  other than pursuant to such  applicable  laws and  regulations as shall at any time be
in force and as shall require such additional  insurance.  All policies  required  hereunder shall be endorsed with
standard  mortgagee  clauses  with loss  payable to the related  Servicer,  and shall  provide for at least 30 days
prior written notice of any cancellation, reduction in amount or material change in coverage to such Servicer.

                  The  hazard  insurance  policies  for  each  Mortgage  Loan  secured  by a unit in a  condominium
development  or planned unit  development  shall be  maintained  with respect to such Mortgage Loan and the related
development in a manner which is consistent with FNMA requirements.

                  Notwithstanding  the  foregoing,  each Servicer may maintain a blanket  policy  insuring  against
hazard  losses on all of the  Mortgaged  Properties  relating  to the  Mortgage  Loans in lieu of  maintaining  the
required  hazard  insurance  policies for each Mortgage  Loan and may maintain a blanket  policy  insuring  against
special flood hazards in lieu of maintaining  any required  flood  insurance.  Any such blanket  policies shall (A)
be consistent with prudent  industry  standards,  (B) name the related Servicer as loss payee, (C) provide coverage
in an amount equal to the aggregate  unpaid principal  balance on the related Mortgage Loans without  co-insurance,
and (D)  otherwise  comply with the  requirements  of this  Section  3.12.  Any such  blanket  policy may contain a
deductible  clause;  provided  that if any  Mortgaged  Property  is not  covered  by a  separate  policy  otherwise
complying  with this Section 3.12 and a loss occurs with respect to such  Mortgaged  Property which loss would have
been covered by such a policy,  the related  Servicer shall deposit in the related Servicer  Custodial  Account the
difference,  if any,  between the amount that would have been payable under a separate  policy  complying with this
Section 3.12 and the amount paid under such blanket policy.

                  Section 3.13      Enforcement of Due-On-Sale  Clauses.  Each Servicer shall, 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 no Servicer shall exercise
any such rights if prohibited by law from doing so.

                  Section 3.14      Realization Upon Defaulted Mortgage Loans; REO Property.

                  (a)      Each Servicer  shall use reasonable  efforts to foreclose  upon or otherwise  comparably
convert the ownership of Mortgaged  Properties  securing  such of the Mortgage  Loans (but shall not sell or convey
such Mortgage  Loan,  except as required  pursuant to Section 2.02,  2.04 or 10.01 of this  Agreement) as come into
and continue in default and as to which no  satisfactory  arrangements  can be made for  collection  of  delinquent
payments.  In connection  with such  foreclosure  or other  conversion,  each  Servicer  shall follow the Customary
Servicing  Procedures  applicable to it and shall meet the requirements of the insurer under any Required Insurance
Policy;  provided,  however,  that a Servicer may enter into a special  servicing  agreement  with an  unaffiliated
Holder  of 100%  Percentage  Interest  of a Class of  Class B  Certificates  or a holder  of a class of  securities

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representing   interests  in  the  Class B  Certificates  alone  or  together  with  other  subordinated   mortgage
pass-through  certificates,  but the  applicable  Servicer  will be required to continue  otherwise  to service the
Mortgage  Loans in  accordance  with the  provisions of this  Agreement.  Such  agreement  shall be subject to each
Rating Agency's  acknowledgment  that the ratings of the Certificates in effect  immediately  prior to the entering
into such agreement  would not be qualified,  downgraded or withdrawn and the  Certificates  would not be placed on
credit  review  status  (except for possible  upgrading)  as a result of such  agreement.  Any such  agreement  may
contain  provisions  whereby  such  holder may  instruct  the related  Servicer  to  commence or delay  foreclosure
proceedings  with respect to delinquent  Mortgage Loans and will contain  provisions for the deposit of cash by the
holder that would be available for distribution to  Certificateholders  if Liquidation  Proceeds are less than they
otherwise  may have been had such Servicer  acted in accordance  with its normal  procedures.  Notwithstanding  the
foregoing,  no Servicer  shall be required to expend its own funds in connection  with any  foreclosure  or towards
the restoration of any Mortgaged  Property unless it shall determine (i) that such restoration  and/or  foreclosure
will increase the proceeds of liquidation of the Mortgage Loan after  reimbursement  to itself of such expenses and
(ii) that such  expenses  will be  recoverable  to it through  proceeds of the  liquidation  of the  Mortgage  Loan
(respecting  which it shall  have  priority  for  purposes  of  withdrawals  from the  related  Servicer  Custodial
Account).  Any such expenditures shall constitute Servicing Advances for purposes of this Agreement.

                  The  decision  of a Servicer to  foreclose  on a  Defaulted  Mortgage  Loan shall be subject to a
determination  by such  Servicer  that the  proceeds of such  foreclosure  would  exceed the costs and  expenses of
bringing such a proceeding.

                  With respect to any REO Property,  the deed or  certificate of sale shall be taken in the name of
the Trustee for the benefit of the  Certificateholders,  or its nominee, on behalf of the  Certificateholders.  The
Trustee's  name shall be placed on the title to such REO Property  solely as the Trustee  hereunder  and not in its
individual  capacity.  The Servicer  servicing  the related  Mortgage  Loan shall ensure that the title to such REO
Property  references  this  Agreement and the Trustee's  capacity  hereunder.  Pursuant to its efforts to sell such
REO Property,  such Servicer  shall either itself or through an agent  selected by the Servicer  manage,  conserve,
protect and operate such REO Property in the same manner that it manages,  conserves,  protects and operates  other
foreclosed  property for its own account and in the same manner that similar  property in the same  locality as the
REO Property is managed.  Incident to its conservation  and protection of the interests of the  Certificateholders,
such  Servicer may rent the same, or any part  thereof,  as such  Servicer  deems to be in the best interest of the
Certificateholders  for the period prior to the sale of such REO  Property.  Each  Servicer  shall  prepare for and
deliver to the  Certificate  Administrator  and the Trustee a statement  with respect to each REO Property that has
been rented,  if any,  showing the aggregate  rental income  received and all expenses  incurred in connection with
the  management  and  maintenance  of such REO  Property at such times as is  necessary  to enable the  Certificate

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Administrator  to comply with the  reporting  requirements  of the REMIC  Provisions;  provided,  however,  that no
Servicer  shall have a duty to rent any REO  Property on behalf of the Trust.  The net monthly  rental  income,  if
any, from such REO Property shall be deposited in the related  Servicer  Custodial  Account no later than the close
of business on each  Determination  Date. Each Servicer shall perform,  with respect to the Mortgage Loans, the tax
reporting  and  withholding  required  by  Sections  1445 and 6050J of the Code with  respect to  foreclosures  and
abandonments,  the tax  reporting  required  by Section  6050H of the Code with  respect to the receipt of mortgage
interest  from  individuals  and, if required by Section  6050P of the Code,  with respect to the  cancellation  of
indebtedness by certain financial entities,  by preparing such tax and information  returns as may be required,  in
the form  required.  Each Servicer shall deliver copies of such reports to the  Certificate  Administrator  and the
Trustee.

                  The Trustee shall  furnish each Servicer with any powers of attorney and other  documents in form
as provided to it necessary or appropriate  to enable such Servicer to service and administer the related  Mortgage
Loans and REO Property.

                  The Trustee shall execute and deliver to the related Servicer any court  pleadings,  requests for
trustee's sale or other  documents  necessary or desirable in connection with (i) the foreclosure or trustee's sale
with respect to a Mortgaged  Property;  (ii) any legal action brought to obtain  judgment  against any Mortgagor on
the Mortgage Note or other security  instrument;  (iii) obtaining a deficiency  judgment against the Mortgagor;  or
(iv)  enforcing  any other  rights or remedies  provided  by the  Mortgage  Note or other  security  instrument  or
otherwise available at law or equity.

                  The income earned from the management of any REO Properties,  net of  reimbursement to a Servicer
for expenses  incurred  (including  any  property or other taxes) in  connection  with such  management  and net of
unreimbursed  Servicing  Fees,  Periodic  Advances and Servicing  Advances  applicable to such  Servicer,  shall be
applied to the payment of  principal  of and  interest  on the related  Defaulted  Mortgage  Loans  (solely for the
purposes of  allocating  principal  and  interest,  interest  shall be treated as accruing as though such  Mortgage
Loans were still  current),  and all such  income  shall be  deemed,  for all  purposes  in this  Agreement,  to be
payments on account of  principal  and  interest  on the related  Mortgage  Notes and shall be  deposited  into the
related Servicer  Custodial  Account.  To the extent the net income received during any calendar month is in excess
of the amount  attributable to amortizing  principal and accrued interest at the related Mortgage  Interest Rate on
the related  Mortgage Loan for such calendar month,  such excess shall be considered to be a partial  prepayment of
principal of the related Mortgage Loan.

                  The  proceeds  from  any  liquidation  of a  Mortgage  Loan,  as well as any  income  from an REO
Property,  will be applied in the following  order of priority:  first,  to reimburse the Servicer  servicing  such
Mortgage  Loan for any related  unreimbursed  Servicing  Advances and Servicing  Fees;  second,  to reimburse  such
Servicer for any unreimbursed  Periodic  Advances and to reimburse the related Servicer  Custodial  Account for any
Nonrecoverable  Advances (or portions  thereof) that were previously  withdrawn by the Servicer pursuant to Section
3.11(a)(ii)  that  related to such  Mortgage  Loan;  third,  to  reimburse  the Master  Servicer,  the  Certificate
Administrator  and the Trustee for any amounts incurred by them in connection with such Mortgage Loan;  fourth,  to
accrued and unpaid  interest (to the extent no Periodic  Advance has been made for such amount or any such Periodic
Advance has been  reimbursed)  on the Mortgage Loan or related REO Property,  at the Mortgage  Interest Rate to the
Due Date occurring in the month in which such amounts are required to be  distributed;  and fifth, as a recovery of
principal of the Mortgage Loan.  Excess Proceeds,  if any, from the liquidation of a Liquidated  Mortgage Loan will
be retained by the Servicer as additional servicing compensation pursuant to Section 3.17.

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                  (b)      When a Mortgage  Loan becomes a Defaulted  Mortgage  Loan,  the related  Servicer  shall
promptly notify the Master Servicer and the Certificate Administrator of such occurrence.

                  Section 3.15      Custodian to  Cooperate;  Release of Mortgage  Files.  Upon the payment in full
of any Mortgage Loan, or the receipt by the Servicer  servicing  such Mortgage Loan of a notification  that payment
in full will be escrowed in a manner  customary  for such  purposes,  such  Servicer will (and if the Servicer does
not, the Master  Servicer may)  immediately  notify the Custodian by  delivering,  or causing to be delivered,  two
copies (one of which will be returned to such  Servicer  with the  Mortgage  File) of a Request for Release  (which
may be delivered in an electronic  format  acceptable to the  Custodian  and such  Servicer).  Upon receipt of such
request,  the Custodian  shall within seven Business Days release the related  Mortgage File to or at the direction
of such Servicer.  The Trustee shall, at such Servicer's  written  direction,  execute and deliver to such Servicer
the request for  reconveyance,  deed of  reconveyance  or release or  satisfaction  of mortgage or such  instrument
releasing the lien of the Mortgage,  in each case provided by such  Servicer,  together with the Mortgage Note with
written  evidence of cancellation  thereon.  If the Mortgage has been recorded in the name of MERS or its designee,
such  Servicer  shall take all  necessary  action to reflect the release of the Mortgage on the records of MERS. To
the extent  permitted by the terms of the Mortgage Loan and applicable  law,  expenses  incurred in connection with
any instrument of  satisfaction  or deed of reconveyance  shall be chargeable to the related  Mortgagor.  From time
to time and as shall be  appropriate  for the servicing or  foreclosure  of any Mortgage  Loan,  including for such
purpose  collection under any policy of flood insurance,  any fidelity bond or errors or omissions  policy,  or for
the purposes of effecting a partial  release of any Mortgaged  Property from the lien of the Mortgage or the making
of any  corrections  to the Mortgage  Note or the Mortgage or any of the other  documents  included in the Mortgage
File, the Custodian shall,  upon delivery to the Custodian of a Request for Release signed by a Servicing  Officer,
release the Mortgage File within seven  Business Days to the Servicer  servicing  such Mortgage  Loan. The Servicer
shall cause the Mortgage  File so released to be returned to the  Custodian  when the need therefor by the Servicer
no longer  exists,  unless the Mortgage  Loan is liquidated  and the proceeds  thereof are deposited in the related
Servicer  Custodial  Account,  in which case such  Servicer  shall  deliver to the Custodian a Request for Release,
signed by a Servicing Officer.

                  The  Trustee  shall  execute  and  deliver  to each  Servicer  any powers of  attorney  and other
documents  prepared by such Servicer that are reasonably  necessary or appropriate to enable such Servicer to carry
out its  servicing  and  administrative  duties  under  this  Agreement,  upon the  request  of such  Servicer.  In
addition,  upon  prepayment  in full of any Mortgage Loan or the receipt of notice that funds for such purpose have
been placed in escrow, each Servicer is authorized to give, as  attorney-in-fact  for the Trustee and the mortgagee
under the Mortgage,  an instrument of  satisfaction  (or  Assignment of Mortgage  without  recourse)  regarding the
Mortgaged  Property relating to such Mortgage Loan, which instrument of satisfaction or Assignment of Mortgage,  as
the case may be, shall be delivered to the Person  entitled  thereto  against receipt of the prepayment in full. If

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the Mortgage is registered in the name of MERS or its designee,  such Servicer  shall take all necessary  action to
reflect the release on the records of MERS.  Such  Servicer  may deliver or cause to be  delivered  to the Trustee,
for signature,  as appropriate,  any court pleadings,  requests for trustee's sale or other documents  necessary to
effectuate any  foreclosure or any legal action  brought to obtain  judgment  against the Mortgagor on the Mortgage
Note or the  Mortgage or to obtain a  deficiency  judgment or to enforce any other  remedies or rights  provided by
the Mortgage Note or the Mortgage otherwise available at law or in equity.

                  Section 3.16      Documents,  Records  and  Funds  in  Possession  of the  Master  Servicer  and
Servicers to be Held for the Trustee.

                  Each Servicer  shall  transmit to the Custodian  all  documents and  instruments  in respect of a
Mortgage  Loan  coming  into the  possession  of such  Servicer  from time to time and shall  account  fully to the
Certificate  Administrator  and the  Trustee  for any  funds  received  by such  Servicer  or which  otherwise  are
collected by such  Servicer as  Liquidation  Proceeds or Insurance  Proceeds in respect of any Mortgage  Loan.  The
documents  constituting  the servicing  file shall be held by the Servicer  servicing the related  Mortgage Loan as
custodian  and bailee for the  Trustee.  All  Mortgage  Files and funds  collected or held by, or under the control
of, a Servicer in respect of any Mortgage  Loans,  whether from the  collection of principal and interest  payments
or from  Liquidation  Proceeds,  including  but not  limited  to,  any funds on  deposit  in the  related  Servicer
Custodial  Account,  shall be held by such  Servicer  for and on behalf of the  Trustee and shall be and remain the
sole and  exclusive  property  of the  Trustee,  subject  to the  applicable  provisions  of this  Agreement.  Each
Servicer also agrees that it shall not knowingly  create,  incur or subject any Mortgage File or any funds that are
deposited  in the  related  Servicer  Custodial  Account,  Collection  Account,  Certificate  Account or any Escrow
Account,  or any funds that  otherwise  are or may become due or  payable  to the  Trustee  for the  benefit of the
Certificateholders,  to  any  claim,  lien,  security  interest,  judgment,  levy,  writ  of  attachment  or  other
encumbrance  created by such Servicer,  or assert by legal action or otherwise any claim or right of setoff against
any Mortgage File or any funds collected on, or in connection  with, a Mortgage Loan,  except,  however,  that each
Servicer  shall be entitled to set off against  and deduct from any such funds any amounts  that are  properly  due
and payable to such Servicer under this Agreement.

                  Section 3.17      Servicing and Master Servicing Compensation.

                  Each  Servicer  shall be  entitled  out of each  payment of interest  (or  portion  thereof) on a
Mortgage  Loan it services to retain or withdraw  from the related  Servicer  Custodial  Account an amount equal to
the Servicing Fee for such Distribution Date.

                  Additional  servicing  compensation  in  the  form  of  Excess  Proceeds,  prepayment  penalties,
assumption  fees,  late  payment  charges  and all  income  and  gain net of any  losses  realized  from  Permitted
Investments  and all other  customary and  ancillary  income and fees shall be retained by a Servicer to the extent
not  required  to be  deposited  in the related  Servicer  Custodial  Account  pursuant  to Section  3.08(b).  Each
Servicer  shall be  required  to pay all  expenses  incurred  by it in  connection  with its  servicing  activities
hereunder and shall not be entitled to reimbursement therefor except as specifically provided in this Agreement.

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                  Notwithstanding  the  foregoing,  with  respect  to  the  payment  of  the  Servicing  Fee on any
Distribution  Date,  the aggregate  Servicing Fee for a Servicer for such  Distribution  Date shall be reduced (but
not below zero) by an amount equal to the lesser of (a) the  Prepayment  Interest  Shortfall for such  Distribution
Date relating to the Mortgage  Loans it services and (b)  one-twelfth of 0.250% of the aggregate  Stated  Principal
Balance of such Mortgage  Loans for such  Distribution  Date in the case of the Mortgage Loans serviced by National
City,  one-twelfth  of  0.375%  of the  aggregate  Stated  Principal  Balance  of  such  Mortgage  Loans  for  such
Distribution  Date in the case of the  Mortgage  Loans  serviced  by Fifth  Third,  one-twelfth  of  0.375%  of the
aggregate Stated Principal  Balance of such Mortgage Loans for such  Distribution  Date in the case of the Mortgage
Loans serviced by SunTrust,  and one-twelfth of 0.250% of the aggregate Stated  Principal  Balance of such Mortgage
Loans for such  Distribution  Date in the case of the Mortgage Loans  serviced by Wells Fargo (any such  reduction,
"Compensating  Interest").  To the  extent  the  Servicers  fail to pay  Compensating  Interest  in  respect of any
Distribution  Date, the Master  Servicer shall deposit into the Collection  Account the amount of any  Compensating
Interest  remaining unpaid by the Servicers on any Distribution  Date up to the amount of the compensation  payable
to the Master Servicer on such Distribution Date pursuant to this Agreement.

                  The Master  Servicer  will be entitled to all income and gain  realized  from any  investment  of
funds in the Collection  Account,  pursuant to Section 3.08, for the performance of its activities  hereunder.  The
Master Servicer shall be required to pay all expenses  incurred by it in connection  with its activities  hereunder
and shall not be entitled to reimbursement therefor except as otherwise provided in this Agreement.

                  Section 3.18      [Reserved].

                  Section 3.19      [Reserved].

                  Section 3.20      Advances.

                  Each Servicer shall  determine on or before each Servicer  Advance Date whether it is required to
make a Periodic  Advance  pursuant to the  definition  thereof.  If a Servicer  determines it is required to make a
Periodic  Advance,  it shall, on or before the Servicer Advance Date,  either (a) deposit into the related Servicer
Custodial  Account an amount equal to the Advance and/or (b) make an appropriate  entry in its records  relating to
the related Servicer  Custodial  Account that any portion of the Amount Held for Future  Distribution  with respect
to a Loan Group in such Servicer  Custodial  Account has been used by such Servicer in discharge of its  obligation
to make any such  Periodic  Advance on a Mortgage  Loan in such Loan Group.  Any funds so applied shall be replaced
by such  Servicer  by deposit  in such  Servicer  Custodial  Account  no later  than the close of  business  on the
Business Day preceding the next Servicer  Advance Date.  Each Servicer shall be entitled to be reimbursed  from the
Servicer  Custodial  Account for all  Advances of its own funds made  pursuant to this  Section 3.20 as provided in
Section  3.11(a).  The obligation to make Periodic  Advances with respect to any Mortgage Loan shall continue until
the ultimate disposition of the REO Property or Mortgaged Property relating to such Mortgage Loan.

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                  Each  Servicer  shall  deliver to the Master  Servicer on the related  Servicer  Advance  Date an
Officer's  Certificate of a Servicing Officer  indicating the amount of any proposed Periodic Advance determined by
such  Servicer to be a  Nonrecoverable  Advance.  Notwithstanding  anything to the contrary,  no Servicer  shall be
required to make any Periodic Advance or Servicing Advance that would be a Nonrecoverable Advance.

                  If the  Monthly  Payment on a  Mortgage  Loan that was due on a related  Due Date is  delinquent,
other than as a result of application  of the Relief Act, and the amount of the Periodic  Advance which the related
Servicer was required to make  pursuant to this Section 3.20 exceeds the amount  delivered by such  Servicer to the
Master  Servicer for deposit in the Collection  Account,  then an Event of Default shall have occurred with respect
to such  Servicer.  The Master  Servicer,  in its capacity as successor  Servicer,  or another  successor  Servicer
appointed by the Master Servicer  hereunder will deposit in the Collection  Account not later than the Business Day
immediately  preceding the related  Distribution Date an amount equal to such deficiency,  net of the Servicing Fee
for such Mortgage Loan, except to the extent the Master Servicer or other successor  Servicer,  as the case may be,
determines  that any such advance,  if made,  would be a  Nonrecoverable  Advance.  Subject to the  foregoing,  the
Master Servicer or other successor  Servicer,  as the case may be, shall continue to make such advances through the
date that the  related  Servicer  is  required  to do so under  this  Agreement.  If the Master  Servicer  or other
successor  Servicer,  as the case may be, deems an advance to be a Nonrecoverable  Advance,  on the second Business
Day prior to the related  Distribution  Date, the Master Servicer or such other successor Servicer shall present an
Officer's  Certificate  to the  Certificate  Administrator  (i)  stating  that the  Master  Servicer  or such other
successor  Servicer  elects not to make a  Periodic  Advance in a stated  amount and (ii)  detailing  the reason it
deems the advance to be a Nonrecoverable Advance.

                  Section 3.21      Modifications, Waivers, Amendments and Consents.

                  (a)      Except as provided in Section  3.08(a) and this Section  3.21,  no Servicer  shall agree
to enter into,  or shall  enter  into,  any  modification,  waiver,  forbearance  or  amendment  of any term of any
Mortgage Loan, unless such Mortgage Loan is a Defaulted  Mortgage Loan. All  modifications,  waivers,  forbearances
or amendments of any Defaulted  Mortgage Loan shall be in writing and shall be consistent with Customary  Servicing
Procedures.

                  (b)      The related  Servicer  may, with respect to any Defaulted  Mortgage  Loan,  agree to any
modification,  waiver,  forbearance,  or amendment of any term of such Defaulted  Mortgage Loan without the consent
of the  Depositor,  the  Trustee,  the  Certificate  Administrator,  the  Master  Servicer,  the  Custodian  or any
Certificateholder;  provided,  however,  that no  Servicer  shall agree to enter  into,  or shall  enter into,  any
modification,  waiver,  forbearance  or amendment of any  Defaulted  Mortgage  Loan if such  modification,  waiver,
forbearance, or amendment would:

                  (i)      affect  the amount or timing of any  related  payment of  principal,  interest  or other
         amount payable thereunder; or

                  (ii)     in such Servicer's  judgment,  materially  impair the security for such Mortgage Loan or
         reduce the likelihood of timely payment of amounts due thereon;

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unless,  in either case,  such  modification,  waiver,  forbearance or amendment is, in such  Servicer's  judgment,
reasonably  likely to produce a greater  recovery  with  respect  to such  Mortgage  Loan than  would  liquidation.
Subject to the applicable  Customary  Servicing  Procedures,  the related  Servicer may permit a forbearance  for a
Mortgage Loan which such Servicer has been advised would default if such forbearance is not granted.

                  (c)      Any  payment  of  interest  which is  deferred  pursuant  to any  modification,  waiver,
forbearance  or amendment  permitted  hereunder  shall not, for purposes  hereof,  including,  without  limitation,
calculating monthly  distributions to  Certificateholders,  be added to the unpaid principal balance of the related
Mortgage Loan,  notwithstanding  that the terms of such Mortgage Loan or such modification,  waiver or amendment so
permit.  However, interest may be capitalized in accordance with a loan modification pursuant to Section 3.21(b).

                  (d)      The related  Servicer  may, to the extent  permitted by  applicable  law or the terms of
the Mortgage Loan, as a condition to granting any request by a Mortgagor for consent,  modification,  or amendment,
the granting of which is within such  Servicer's  discretion  pursuant to the Mortgage Loan and is permitted by the
terms of this Agreement,  require that such Mortgagor pay to such Servicer,  as additional servicing  compensation,
a reasonable or customary fee for the  additional  services  performed in  connection  with such request,  together
with any related costs and expenses  incurred by such Servicer,  which amount shall be retained by such Servicer as
additional servicing compensation.

                  (e)      Each Servicer shall notify the Certificate  Administrator  and the Master  Servicer,  in
writing,  of any  modification or amendment of any term of any Mortgage Loan it services and the date thereof,  and
shall deliver to the Custodian for deposit in the related  Mortgage File, an original  counterpart of the agreement
relating to such  modification  or amendment,  promptly (and in any event within ten Business  Days)  following the
execution thereof;  provided,  however, that if any such modification or amendment is required by applicable law to
be  recorded,  such  Servicer  (i) shall  deliver to the  Custodian a copy  thereof  and (ii) shall  deliver to the
Custodian such document,  with evidence of notification  upon receipt thereof from the public recording  office, if
applicable.  Such Servicer  shall send a copy of any such  notification  to the Master  Servicer  promptly upon its
receipt thereof.

                  Section 3.22      [Reserved].

                  Section 3.23      [Reserved].

                  Section 3.24      Master Servicer.

                  The Master  Servicer  shall have no duties  (express or otherwise)  except as expressly set forth
herein.  The Master Servicer shall  supervise,  monitor and oversee the obligations of the Servicers to service and
administer  their  respective  Mortgage  Loans in accordance  with the terms of this  Agreement and shall have full
power and  authority to do any and all things which it may deem  necessary  or  desirable in  connection  with such
master servicing and administration.  In performing its obligations  hereunder,  the Master Servicer shall act in a
manner  consistent with Accepted Master  Servicing  Practices.  Furthermore,  the Master Servicer shall oversee and
consult  with  each  Servicer  as  necessary  from  time to time to carry  out the  Master  Servicer's  obligations

                                                             75

hereunder,  shall  receive,  review and  evaluate all reports,  information  and other data  provided to the Master
Servicer by each  Servicer  and shall cause each  Servicer to perform and observe the  covenants,  obligations  and
conditions  to be  performed  or  observed  by such  Servicer  under  this  Agreement.  The Master  Servicer  shall
independently  and separately  monitor each Servicer's  servicing  activities with respect to each related Mortgage
Loan,  reconcile  the results of such  monitoring  with such  information  provided in the  previous  sentence on a
monthly basis and coordinate  corrective  adjustments to the Servicers' and Master Servicer's records, and based on
such reconciled and corrected  information,  the Master Servicer shall provide such  information to the Certificate
Administrator  by the 15th  calendar  day of each  month  as shall be  necessary  in order  for it to  prepare  the
statements  specified in Section 5.04, and prepare any other  information  and statements  required to be forwarded
by the  Master  Servicer  hereunder.  The  Master  Servicer  shall  reconcile  the  results  of its  Mortgage  Loan
monitoring with the actual remittances of the Servicers as reported to the Master Servicer.

                  Section 3.25      Monitoring of Servicers.

                  (a)      The  Master  Servicer  shall  be  responsible  for  reporting  to the  Trustee  and  the
Depositor the compliance by each Servicer with its duties under this  Agreement.  In the review of each  Servicer's
activities,  the Master  Servicer may rely upon an  Officer's  Certificate  of the  Servicer  (or similar  document
signed  by an  officer  of the  Servicer)  with  regard  to such  Servicer's  compliance  with  the  terms  of this
Agreement.  In the  event  that the  Master  Servicer,  in its  judgment,  determines  that a  Servicer  should  be
terminated in accordance  with this  Agreement,  or that a notice  should be sent pursuant to this  Agreement  with
respect to the  occurrence of an event that,  unless cured,  would  constitute  grounds for such  termination,  the
Master  Servicer  shall notify the  Depositor and the Trustee  thereof,  and the Master  Servicer  shall issue such
notice or take such other action as it deems appropriate.

                  (b)      The Master Servicer,  for the benefit of the Trustee and the  Certificateholders,  shall
enforce the  obligations of each Servicer under this  Agreement,  and shall,  in the event that a Servicer fails to
perform its  obligations  in accordance  with this  Agreement,  subject to the  preceding  paragraph and to Article
VIII,  terminate the rights and obligations of such Servicer  hereunder and act as servicer of the related Mortgage
Loans or appoint a successor Servicer;  provided,  however, it is understood and acknowledged by the parties hereto
that there will be a period of  transition  (not to exceed 90 days) before the actual  servicing  functions  (other
than the  advancing  function  required  by  Section  3.20  hereof)  can be  fully  transferred  to such  successor
Servicer.  Such  enforcement,  including,  without  limitation,  the legal  prosecution  of claims,  termination of
servicing 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,
except as set forth  below,  provided  that the Master  Servicer  shall not be required to  prosecute or defend any
legal action except to the extent that the Master Servicer shall have received  reasonable  indemnity for its costs
and expenses in pursuing such action.

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                  (c)      To the  extent  that the  costs and  expenses  of the  Master  Servicer  related  to any
termination of a Servicer,  appointment of a successor  Servicer or the transfer and assumption of servicing by the
Master Servicer  (including,  without limitation,  (i) all legal costs and expenses and all due diligence costs and
expenses  associated  with an evaluation of the  potential  termination  of the Servicer as a result of an event of
default  by such  Servicer,  (ii) all costs and  expenses  associated  with the  complete  transfer  of  servicing,
including,  but not limited to, all  servicing  files and all  servicing  data and the  completion,  correction  or
manipulation  of such  servicing  data as may be  required  by the  successor  Servicer  to  correct  any errors or
insufficiencies  in the servicing  data or otherwise to enable the successor  service to service the Mortgage Loans
in  accordance  with this  Agreement  and (iii) all costs and  expenses  associated  with any  Errors or  Continued
Errors) are not fully and timely  reimbursed by the terminated  Servicer,  the Master Servicer shall be entitled to
reimbursement of such costs and expenses from the Collection Account.

                  (d)      The  Master  Servicer  shall  require  each  Servicer  to  comply  with  the  remittance
requirements and other obligations set forth in this Agreement.

                  (e)      If the  Master  Servicer  acts  as  Servicer,  it  will  not  assume  liability  for the
representations and warranties of the Servicer that it replaces.

                  (f)      Notwithstanding  anything  contained  herein to the contrary,  any  successor  Servicer,
including  the  Master  Servicer  acting as  successor  Servicer,  is  authorized  to accept and rely on all of the
accounting,  records  (including  computer  records) and work of the predecessor  Servicer  relating to the related
Mortgage Loans  (collectively,  the  "Predecessor  Servicer Work Product")  without any audit or other  examination
thereof,  and the successor Servicer shall have no duty,  responsibility,  obligation or liability for the acts and
omissions of any predecessor  Servicer.  If any error,  inaccuracy,  omission or incorrect or non-standard practice
or procedure  (collectively,  "Errors")  exists in any  Predecessor  Servicer  Work Product and such Errors make it
more difficult to service or should cause or contribute to the successor  Servicer  making or continuing any Errors
(collectively,  "Continued  Errors"),  the  successor  Servicer  shall  have  no duty or  responsibility  for  such
Continued  Errors.  In the event that the  successor  Servicer  becomes  aware of Errors or Continued  Errors,  the
successor  Servicer shall use  commercially  reasonable  efforts to reconstruct  and reconcile such data to correct
such  Errors and  Continued  Errors and to prevent  future  Continued  Errors.  The Master  Servicer  as  successor
Servicer shall be entitled to recover its costs thereby as transition  expenses in accordance  with Section 3.25(c)
hereof.

                  Section 3.26      Power to Act; Procedures.

                  The  Master  Servicer  shall  master  service  the  Mortgage  Loans and shall have full power and
authority,  subject to the REMIC  Provisions and the provisions of Article X hereof,  to do any and all things that
it may deem  necessary or desirable in  connection  with the master  servicing and  administration  of the Mortgage
Loans,  including  but not  limited  to the  power and  authority  (i) to  execute  and  deliver,  on behalf of the
Certificateholders  and the Trustee,  customary  consents or waivers and other  instruments and documents,  (ii) to
consent to transfers  of any  Mortgaged  Property and  assumptions  of the  Mortgage  Notes and related  Mortgages,
(iii) to  collect any Insurance  Proceeds and  Liquidation  Proceeds,  and (iv) to effectuate  foreclosure or other
conversion  of the  ownership of the  Mortgaged  Property  securing any Mortgage  Loan, in each case, in accordance
with the provisions of this  Agreement;  provided,  however,  that the Master  Servicer shall not (and,  consistent
with its  responsibilities  under Section 3.25,  shall not permit any Servicer to) and each Servicer agrees that it
will not  knowingly  or  intentionally  take any action,  or fail to take (or fail to cause to be taken) any action
reasonably  within its control and the scope of duties more  specifically  set forth herein,  that, under the REMIC
Provisions,  if taken or not  taken,  as the case may be,  would  cause the Trust to fail to  qualify as a REMIC or

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result in the imposition of a tax upon the Trust  (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)  unless the Master  Servicer  has received an Opinion of Counsel (but not at the expense of the Master
Servicer)  to the effect that the  contemplated  action  would not cause the Trust to fail to qualify as a REMIC or
result in the  imposition  of a tax upon the Trust.  The Trustee shall  furnish the Master  Servicer,  upon written
request from a Servicing  Officer,  with any powers of attorney  empowering the Master  Servicer or any Servicer to
execute and deliver  instruments of satisfaction or cancellation,  or of partial or full release or discharge,  and
to foreclose  upon or  otherwise  liquidate  Mortgaged  Property,  and to appeal,  prosecute or defend in any court
action  relating to the Mortgage  Loans or the Mortgaged  Property,  in  accordance  with this  Agreement,  and the
Trustee shall execute and deliver such other  documents,  as the Master Servicer may request,  to enable the Master
Servicer to master service and administer  the Mortgage Loans and carry out its duties  hereunder,  in each case in
accordance  with Accepted  Master  Servicing  Practices  (and the Trustee shall have no liability for misuse of any
such powers of attorney by the Master  Servicer or any  Servicer).  If the Master  Servicer or the Trustee has been
advised that it is likely that the laws of the state in which action is to be taken  prohibit  such action if taken
in the name of the Trustee or that the Trustee would be adversely  affected under the "doing  business" or tax laws
of such  state if such  action is taken in its name,  the  Master  Servicer  shall  join  with the  Trustee  in the
appointment  of a co-trustee  pursuant to Section 9.09 hereof.  In the  performance  of its duties  hereunder,  the
Master  Servicer shall be an independent  contractor and shall not,  except in those  instances  where it is taking
action in the name of the Trustee, be deemed to be the agent of the Trustee.

                                                    ARTICLE IV

                                            SERVICER'S MONTHLY REPORTS

                  Section 4.01      Servicer's Monthly Reports.

                  On or prior to the 10th  calendar  day of each month (or, if such  calendar day is not a Business
Day, the  immediately  succeeding  Business Day),  each Servicer shall deliver to the Master  Servicer a Servicer's
Certificate  in substance and format  mutually  acceptable to each Servicer and the Master  Servicer  setting forth
the  information  necessary  in order for the Master  Servicer  to perform  its  reporting  obligations  under this
Agreement.

                                                     ARTICLE V

                                  PAYMENTS AND STATEMENTS TO CERTIFICATEHOLDERS;
                                               REMIC ADMINISTRATION

                  Section 5.01      Distributions.  On each  Distribution  Date,  based  solely on the  information
provided to the Certificate  Administrator by the Master Servicer and the Servicers, the Certificate  Administrator
shall  distribute out of the  Upper-Tier  Certificate  Account or the  Certificate  Account,  as applicable (to the
extent funds are available  therein),  to each  Certificateholder  of record on the related Record Date (other than
as  provided in  Section 10.01  respecting  the final  distribution)  by wire  transfer to the account at a bank or

                                                             78

other  depository   institution  having  appropriate  wire  transfer  facilities   specified  in  writing  by  such
Certificateholder  to the  Certificate  Administrator  or, if no such prior written wire transfer  instruction  has
been provided to the Certificate  Administrator,  by check mailed to such  Certificateholder  entitled to receive a
distribution  on such  Distribution  Date at the address  appearing in the Certificate  Register,  or by such other
means  of  payment  as  such   Certificateholder   and  the  Certificate   Administrator  shall  agree  upon,  such
Certificateholder's  Percentage  Interest in the amount to which the related Class of  Certificates  is entitled in
accordance with the priorities set forth below in Section 5.02.

                  None of the  Holders  of any Class of  Certificates,  the  Depositor,  the Master  Servicer,  the
Servicers,  the  Certificate  Administrator  or the Trustee shall in any way be responsible or liable to Holders of
any Class of Certificates in respect of amounts properly previously distributed on any such Class.

                  Section 5.02      Priorities of Distributions.

                  (a)      On each Distribution  Date, based solely on the information  provided to the Certificate
Administrator  by the Master  Servicer and the Servicers,  the  Certificate  Administrator  shall withdraw from the
Certificate  Account  (to the extent  funds are  available  therein)  (1) the  amounts  payable to the  Certificate
Administrator  pursuant  to  Section  3.11(c)(i)  and shall pay such  funds to the  Certificate  Administrator  and
(2) the Pool  Distribution  Amount for each Loan Group,  and shall apply such funds,  first,  to  distributions  in
respect of the Uncertificated  Lower-Tier Regular Interests for deposit in the Upper-Tier  Certificate  Account, as
specified  in this  Section  5.02(a)  and then from the  Upper-Tier  Certificate  Account to  distributions  on the
Certificates,  paying  priorities (i) through (ii) to each Group from the applicable Pool  Distribution  Amount and
priorities  (iii) and (iv) from the  remaining  combined  Pool  Distribution  Amounts,  in the  following  order of
priority and to the extent of such funds:

                  (i)      to each  Class of  Senior  Certificates  of such Loan  Group,  an  amount  allocable  to
         interest  equal to the  Interest  Distribution  Amount for such Class and any  shortfall  being  allocated
         among such Classes in  proportion to the amount of the Interest  Distribution  Amount that would have been
         distributed in the absence of such shortfall;

                  (ii)     to the  Senior  Certificates  of a  Group,  in an  aggregate  amount  up to  the  Senior
         Principal  Distribution  Amount for such Group,  such  distribution  to be allocated among such Classes in
         accordance with Section 5.02(b);

                  (iii)    to each Class of  Subordinate  Certificates,  subject  to  paragraph  (d) below,  in the
         following order of priority:

                           (A)      to the Class B-1  Certificates,  an amount  allocable to interest  equal to the
                  Interest Distribution Amount for such Class for such Distribution Date;

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                           (B)      to the Class B-1  Certificates,  an amount  allocable to principal equal to its
                  Pro Rata Share for such Distribution  Date until the Class  Certificate  Balance thereof has been
                  reduced to zero;

                           (C)      to the Class B-2  Certificates,  an amount  allocable to interest  equal to the
                  Interest Distribution Amount for such Class for such Distribution Date;

                           (D)      to the Class B-2  Certificates,  an amount  allocable to principal equal to its
                  Pro Rata Share for such Distribution  Date until the Class  Certificate  Balance thereof has been
                  reduced to zero;

                           (E)      to the Class B-3  Certificates,  an amount  allocable to interest  equal to the
                  Interest Distribution Amount for such Class for such Distribution Date;

                           (F)      to the Class B-3  Certificates,  an amount  allocable to principal equal to its
                  Pro Rata Share for such Distribution  Date until the Class  Certificate  Balance thereof has been
                  reduced to zero;

                           (G)      to the Class B-4  Certificates,  an amount  allocable to interest  equal to the
                  Interest Distribution Amount for such Class for such Distribution Date;

                           (H)      to the Class B-4  Certificates,  an amount  allocable to principal equal to its
                  Pro Rata Share for such Distribution  Date until the Class  Certificate  Balance thereof has been
                  reduced to zero;

                           (I)      to the Class B-5  Certificates,  an amount  allocable to interest  equal to the
                  Interest Distribution Amount for such Class for such Distribution Date;

                           (J)      to the Class B-5  Certificates,  an amount  allocable to principal equal to its
                  Pro Rata Share for such Distribution  Date until the Class  Certificate  Balance thereof has been
                  reduced to zero;

                           (K)      to the Class B-6  Certificates,  an amount  allocable to interest  equal to the
                  Interest Distribution Amount for such Class for such Distribution Date; and

                           (L)      to the Class B-6  Certificates,  an amount  allocable to principal equal to its
                  Pro Rata Share for such Distribution  Date until the Class  Certificate  Balance thereof has been
                  reduced to zero; and

                  (iv)     to the Holder of the Class 1-A-R  Certificates,  any amounts remaining in the Upper-Tier
         Certificate Account.

                  No Class of  Certificates  will be  entitled  to any  distributions  with  respect  to the amount
payable  pursuant to clause (ii) of the definition of "Interest  Distribution  Amount" after its Class  Certificate
Balance has been reduced to zero.

                  All  distributions  in respect of the  Interest  Distribution  Amount for a Class will be applied
first with  respect to the amount  payable  pursuant to clause (i) of the  definition  of "Interest  Distribution
Amount," and second with respect to the amount payable pursuant to clause (ii) of such definition.

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         Distributions on the Uncertificated  Lower-Tier  Regular Interests.  On each Distribution Date the Trustee
shall be deemed to distribute to itself, as the holder of the  Uncertificated  Lower-Tier  Regular  Interests,  the
Lower-Tier Distribution Amount in the amounts and with the priorities set forth in the definition thereof.

         Realized Losses shall be allocated among the  Uncertificated  Lower-Tier Regular Interests as specified in
the definition of Lower-Tier Realized Losses.

         Subsequent  Recoveries shall be applied to the  Uncertificated  Lower-Tier  Regular  Interests in a manner
analogous to the application of Realized Losses of the Uncertificated Lower-Tier Regular Interests.

         For federal  income tax purposes,  the  Pass-Through  Rate for the Class B-1,  Class B-2, Class B-3, Class
B-4, Class B-5 and Class B-6 Certificates  for any  Distribution  Date shall be expressed as a per annum rate equal
to the weighted average of the Uncertificated  Pass-Through  Rates for Uncertificated  Lower-Tier Regular Interests
Y-1,  Y-2,  Y-3 and Y-4,  weighted,  for  each of the  foregoing  determinations,  on the  basis of the  respective
Uncertificated  Principal  Balance of each such  Uncertificated  Lower-Tier  Regular  Interest  (computed  to eight
decimal places), immediately prior to such Distribution Date.

                  (b)      (i)      With respect to the Class A Certificates of Loan Group 1:

                  On each  Distribution  Date  prior to the  Senior  Credit  Support  Depletion  Date,  the  amount
distributable  to the Related Group for Loan Group 1 pursuant to Section  5.02(a)(ii) for such  Distribution  Date,
will be  distributed  based solely on the  information  contained in each  Servicer's  Certificate in the following
order of priority:

                  first,  to the Class  1-A-R  Certificates  in  respect  of  Component  I thereof  until its Class
Certificate Balance has been reduced to zero;

                  second,  concurrently,  to the Class 1-A-1  Certificates  and the Class 1-A-2  Certificates,  pro
rata, until their Class Certificate Balances have been reduced to zero.

                  (ii)     With respect to the Class A Certificates of Loan Group 2:

                  On each  Distribution  Date  prior to the  Senior  Credit  Support  Depletion  Date,  the  amount
distributable  to the Related Group for Loan Group 2 pursuant to Section  5.02(a)(ii) for such  Distribution  Date,
will be distributed  to the Class 2-A-1  Certificates  and Class 2-A-2  Certificates,  pro rata,  until their Class
Certificate Balances have been reduced to zero.

                  (iii)    With respect to the Class A Certificates of Loan Group 3:

                  On each  Distribution  Date  prior to the  Senior  Credit  Support  Depletion  Date,  the  amount
distributable  to the Related Group for Loan Group 3 pursuant to Section  5.02(a)(ii) for such  Distribution  Date,
will be distributed  to the Class 3-A-1  Certificates  and Class 3-A-2  Certificates,  pro rata,  until their Class
Certificate Balances have been reduced to zero.

                                                             81

                  (iv)     With respect to the Class A Certificates of Loan Group 4:

                  On each  Distribution  Date  prior to the  Senior  Credit  Support  Depletion  Date,  the  amount
distributable  to the Related Group for Loan Group 4 pursuant to Section  5.02(a)(ii) for such  Distribution  Date,
will be distributed  to the Class 4-A-1  Certificates  and Class 4-A-2  Certificates,  pro rata,  until their Class
Certificate Balances have been reduced to zero.

                  (v)      Notwithstanding  the  foregoing,  on each  Distribution  Date prior to the Senior Credit
Support  Depletion Date but on or after the date on which the aggregate  Class  Certificate  Balance of the Class A
Certificates of a Group have been reduced to zero, amounts otherwise  distributable from the Unscheduled  Principal
Amounts for the Related Loan Group on the  Subordinate  Certificates  will be paid as  principal  to the  remaining
classes of Class A  Certificates  in accordance  with the  priorities  set forth for the  applicable  Group in (i),
(ii), (iii) or (iv) above,  provided that on such  Distribution Date (a) the Aggregate  Subordinate  Percentage for
such  Distribution  Date is less than twice the initial  Aggregate  Subordinate  Percentage or (b) the  outstanding
principal  balance of all Mortgage  Loans  (including,  for this purpose,  any Mortgage Loans in foreclosure or any
REO Property and any Mortgage  Loan for which the mortgagor  has filed for  bankruptcy)  delinquent 60 days or more
(averaged over the preceding  six-month period),  as a percentage of the aggregate Class Certificate Balance of the
Subordinate  Certificates,  is greater  than or equal to 50%.  If the Class A  Certificates  of two or more  Groups
remain  outstanding,  the  distributions  described  above will be made to the Class A Certificates of such Groups,
pro rata, in  proportion  to the  aggregate  Class  Certificate  Balance of the Class A  Certificates  of each such
Group.  In  addition,  if on any  Distribution  Date  the  aggregate  Class  Certificate  Balance  of the  Class  A
Certificates  of a Group is greater  than the Adjusted  Pool Amount of the related Loan Group (any such Group,  the
"Undercollateralized  Group"  and any  such  excess,  the  "Undercollateralized  Amount"),  all  amounts  otherwise
distributable  as principal on the Subordinate  Certificates  pursuant to  5.02(a)(iii)(L),  (J), (H), (F), (D) and
(B), in that order,  will be paid as  principal to the Class A  Certificates  of the  Undercollateralized  Group in
accordance  with the priorities set forth for the applicable  Group above under (i), (ii),  (iii) or (iv) until the
aggregate  Class  Certificate  Balance of the Class A  Certificates  of the  Undercollateralized  Group  equals the
Adjusted Pool Amount of the related Loan Group.  The amount of any Class Unpaid  Interest  Shortfalls  with respect
to the  Undercollateralized  Group (including any Class Unpaid Interest Shortfalls for such Distribution Date) will
be paid to the  Undercollateralized  Group prior to the  payment of any  Undercollateralized  Amount  from  amounts
otherwise  distributable as principal on the Subordinate  Certificates  pursuant to Section  5.02(a)(iii)(L),  (J),
(H),  (F), (D) and (B), in that order:  such amount will be paid to such  Undercollateralized  Group in  accordance
with  the  priorities  set  forth  in  Section  5.02(a)(i)  up to  their  Interest  Distribution  Amounts  for such
Distribution Date. If two or more Groups are  Undercollateralized  Groups,  the distributions  described above will
be made,  pro rata, in proportion to the amount by which the  aggregate  Class  Certificate  Balance of the Class A
Certificates of each such Group exceeds the Adjusted Pool Amount of the related Loan Group.

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                  On each Distribution  Date on or after the Senior Credit Support Depletion Date,  notwithstanding
the allocation  and priority set forth above,  the portion of the Pool  Distribution  Amount with respect to a Loan
Group  available  to be  distributed  as  principal  of the Class A  Certificates  of the  Related  Group  shall be
distributed  concurrently,  as  principal,  on such  Classes,  pro  rata,  on the basis of their  respective  Class
Certificate Balances, until the Class Certificate Balances thereof are reduced to zero.

                  (c)      On each Distribution Date, Accrued  Certificate  Interest for each Class of Certificates
for such  Distribution  Date  shall be reduced by such  Class's  pro rata  share,  based on such  Class's  Interest
Distribution  Amount for such  Distribution  Date,  without taking into account the allocation made by this Section
5.02(c), of (A) Non-Supported  Interest Shortfalls,  and (B) each Relief Act Reduction incurred during the calendar
month  preceding the month of such  Distribution  Date.  In addition,  on each  Distribution  Date on and after the
Senior Credit Support Depletion Date,  Accrued  Certificate  Interest for each Class of Certificates  relating to a
Loan Group for such Distribution  Date also shall be reduced by such Class's pro rata share,  based on such Class's
Interest  Distribution  Amount for such Distribution  Date, without taking into account the allocation made by this
Section 5.02(c), of any Realized Loss on a Mortgage Loan in the Related Loan Group allocable to interest.

                  (d)      Notwithstanding the priority and allocation contained in Section  5.02(a)(iii),  if with
respect  to any  Class of  Subordinate  Certificates  on any  Distribution  Date,  (i) the  aggregate  of the Class
Certificate Balances  immediately prior to such Distribution Date of all Classes of Subordinate  Certificates which
have a higher  numerical Class  designation  than such Class,  divided by (ii) the aggregate Pool Stated  Principal
Balance for all Loan Groups  immediately prior to such  Distribution Date (the "Fractional  Interest") is less than
the Original  Fractional  Interest for such Class,  no Unscheduled  Principal  Payments will be made to any Classes
junior to such Class (the "Restricted  Classes") and the Class Certificate  Balances of the Restricted Classes will
not be used in determining the Pro Rata Share for the  Subordinate  Certificates  that are not Restricted  Classes.
Any funds remaining will be distributed in the order provided in Section 5.02(a)(iii).

                  Section 5.03      Allocation of Losses.

                  (a)      On or prior to the 10th  calendar  day of each month,  each  Servicer  shall  inform the
Master  Servicer in writing with respect to each  Mortgage  Loan it  services:  (1) whether any Realized  Loss is a
Deficient Valuation or a Debt Service Reduction,  (2) of the amount of such loss or Deficient Valuation,  or of the
terms of such Debt Service  Reduction and (3) of the total amount of Realized  Losses.  The Master  Servicer  shall
provide  such  information  to the  Certificate  Administrator  and,  based on such  information,  the  Certificate
Administrator  shall  determine  and  allocate  the total  amount of Realized  Losses  with  respect to the related
Distribution  Date.  Realized  Losses  shall  be  allocated  to  the  Certificates  by a  reduction  in  the  Class
Certificate Balances of the designated Classes pursuant to Section 5.03(b) below.

                  (b)      The  Class   Certificate   Balance  of  the  Class  of  Subordinate   Certificates  then
outstanding  with the  highest  numerical  Class  designation  shall be  reduced on each  Distribution  Date by the
amount, if any, necessary such that the aggregate of the Class Certificate  Balances of all outstanding  Classes of
Certificates  (after  giving  effect  to the  amount to be  distributed  as a  distribution  of  principal  and the
allocation  of Realized  Losses on such  Distribution  Date) equals the sum of the  Adjusted  Pool Amounts for such
Distribution Date.

                                                             83

                  After the Senior Credit  Support  Depletion  Date, the Class  Certificate  Balances of the Senior
Certificates of the Related Loan Group in the aggregate shall be reduced on each  Distribution  Date by the amount,
if any, by which the aggregate of the Class  Certificate  Balances of all outstanding  Senior  Certificates of such
Related Loan Group (after  giving effect to the amount to be  distributed  as a  distribution  of principal and the
allocation of Realized  Losses on the Mortgage Loans in the Related Loan Group on such  Distribution  Date) exceeds
the Adjusted Pool Amount for such Loan Group and such Distribution Date.

                  Any such reduction  shall be allocated  among the Classes of Senior  Certificates  of the Related
Group pro rata based on the Class Certificate Balances immediately prior to such Distribution Date.

                  (c)      Any Realized  Loss  allocated to a Class of  Certificates  or any reduction in the Class
Certificate  Balance of a Class of  Certificates  pursuant to Section  5.03(b)  above shall be allocated  among the
Certificates of such Class pro rata in proportion to their respective Percentage Interests.

                  (d)      The  calculation  of  the  amount  to be  distributed  as  principal  to  any  Class  of
Certificates with respect to a Distribution Date (the "Calculated  Principal  Distribution") shall be made prior to
the allocation of any Realized Losses for such Distribution Date; provided,  however,  that the actual distribution
of principal to the Classes of  Certificates  shall be made  subsequent to the  allocation  of Realized  Losses for
such  Distribution  Date. In the event that after the allocation of Realized  Losses for a  Distribution  Date, the
Calculated  Principal  Distribution for a Class of Subordinated  Certificates is greater than the Class Certificate
Balance of such Class,  the excess shall be  distributed  pro rata to the Classes of  Subordinate  Certificates  in
accordance with their remaining Class Certificate Balances.

                  (e)      After the Senior Credit Support  Depletion Date, on any  Distribution  Date on which the
Class  1-A-2  Loss  Allocation  Amount is greater  than  zero,  the Class  Certificate  Balance of the Class  1-A-2
Certificates will be reduced by the Class 1-A-2 Loss Allocation Amount and,  notwithstanding  Section 5.03(b),  the
Class  Certificate  Balance of the Class 1-A-1  Certificates will not be reduced by the Class 1-A-2 Loss Allocation
Amount.  After the Senior Credit Support  Depletion  Date, on any  Distribution  Date on which the Class 2-A-2 Loss
Allocation  Amount is greater than zero,  the Class  Certificate  Balance of the Class 2-A-2  Certificates  will be
reduced by the Class 2-A-2 Loss Allocation  Amount and,  notwithstanding  Section  5.03(b),  the Class  Certificate
Balances  of the Class 2-A-1  Certificates  will not be reduced by the Class 2-A-2 Loss  Allocation  Amount.  After
the Senior  Credit  Support  Depletion  Date,  on any  Distribution  Date on which the Class 3-A-2 Loss  Allocation
Amount is greater than zero, the Class Certificate  Balance of the Class 3-A-2  Certificates will be reduced by the
Class 3-A-2 Loss Allocation  Amount and,  notwithstanding  Section 5.03(b),  the Class  Certificate  Balance of the
Class 3-A-1  Certificates  will not be reduced by the Class 3-A-2 Loss Allocation  Amount.  After the Senior Credit
Support  Depletion Date, on any Distribution  Date on which the Class 4-A-2 Loss Allocation  Amount is greater than
zero,  the Class  Certificate  Balance of the Class  4-A-2  Certificates  will be  reduced by the Class  4-A-2 Loss
Allocation  Amount  and,  notwithstanding  Section  5.03(b),  the Class  Certificate  Balance  of the  Class  4-A-1
Certificates will not be reduced by the Class 4-A-2 Loss Allocation Amount.

                                                             84

                  (f)      If, after taking into account any Subsequent  Recoveries,  the amount of a Realized Loss
is reduced,  the amount of such Subsequent  Recoveries will be applied to increase the Class Certificate Balance of
the Class of Certificates  with the highest payment priority to which Realized Losses have been allocated,  but not
by more than the amount of Realized  Losses  previously  allocated to that Class of  Certificates  pursuant to this
Section 5.03.  The amount of any  remaining  Subsequent  Recoveries  will be applied to  sequentially  increase the
Class  Certificate  Balance of the  Certificates,  beginning with the Class of  Certificates  with the next highest
payment  priority,  up to the  amount of such  Realized  Losses  previously  allocated  to such Class or Classes of
Certificates  pursuant to this Section 5.03.  Holders of such  Certificates will not be entitled to any payments in
respect of  current  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 Class  Certificate
Balance of each Certificate of such Class in accordance with its respective Fractional Interest.

                  (g)      Notwithstanding  any other provision of this Section 5.03, no Class Certificate  Balance
of a Class  will be  increased  on any  Distribution  Date such that the Class  Certificate  Balance  of such Class
exceeds its Initial  Class  Certificate  Balance less all  distributions  of principal  previously  distributed  in
respect of such Class on prior Distribution Dates.

                  Section 5.04      Statements to Certificateholders.

                  (a)      Prior  to the  Distribution  Date in each  month,  based  solely  upon  the  information
provided to the Certificate  Administrator by the Master Servicer and on each Servicer's  Certificate  delivered to
the Master  Servicer  pursuant to Section 4.01, the  Certificate  Administrator  shall prepare and make available a
statement as to the distributions to be made on such  Distribution  Date containing the following  information with
respect to such Distribution Date:

                  (i)      the date of such  Distribution  Date and the  Determination  Date for such  Distribution
         Date;

                  (ii)     for each Class, the applicable Record Date and Interest Accrual Period;

                  (iii)    for each Loan Group,  the amount  allocable to  principal,  separately  identifying  the
         aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;

                  (iv)     for each Loan  Group,  the amount  allocable  to  interest,  any Class  Unpaid  Interest
         Shortfall  included in such  distribution  and any remaining Class Unpaid Interest  Shortfall after giving
         effect to such distribution;

                  (v)      if the  distribution  to the Holders of such Class of Certificates is less than the full
         amount that would be  distributable  to such Holders if there were sufficient  funds  available  therefor,
         the amount of the shortfall and the allocation thereof as between principal and interest;

                                                             85

                  (vi)     the Class Certificate  Balance of each Class of Certificates  after giving effect to the
         distribution of principal on such Distribution Date;

                  (vii)    for each Loan Group,  the Pool Stated Principal  Balance for the following  Distribution
         Date;

                  (viii)   for each Group, the Senior  Percentage and the Subordinate  Percentage for the following
         Distribution Date and the Total Senior Percentage and Aggregate  Subordinate  Percentage for the following
         Distribution Date;

                  (ix)     the amount of the  Servicing  Fee paid to or retained by each  Servicer  with respect to
         each Loan Group and such Distribution Date;

                  (x)      the  amount  of  the   Certificate   Administrator   Fee  retained  by  the  Certificate
         Administrator with respect to such Distribution Date;

                  (xi)     the  Pass-Through  Rate for  each  such  Class  of  Certificates  with  respect  to such
         Distribution Date;

                  (xii)    for each Loan Group,  the amount of Periodic  Advances  included in the  distribution on
         such  Distribution  Date and the  aggregate  amount of Periodic  Advances  outstanding  as of the close of
         business on such  Distribution  Date and the amount of Periodic  Advances  reimbursed  since the  previous
         Distribution Date;

                  (xiii)   the amount of  Servicing  Advances  made since the  previous  Distribution  Date and the
         aggregate amount of Servicing Advances outstanding as of the close of business on such Distribution Date;

                  (xiv)    the number and aggregate  Stated  Principal  Balance of the Mortgage Loans,  the Net WAC
         for each Loan Group,  the  weighted  average  remaining  term to maturity  of the  Mortgage  Loans and the
         cumulative  amount  of  Principal  Prepayments,  each as of the close of  business  on the last day of the
         calendar month preceding such Distribution Date;

                  (xv)     for each Loan Group,  the number and aggregate  principal  amounts of Mortgage Loans (A)
         delinquent  (exclusive of Mortgage Loans in foreclosure) in 30-day  increments until  foreclosure or other
         disposition (B)  in  foreclosure,  as of the  close of  business  on the last  day of the  calendar  month
         preceding such Distribution Date;

                  (xvi)    for each Loan Group,  with  respect to any  Mortgage  Loan that  became an REO  Property
         during the preceding  calendar month, the loan number and Stated  Principal  Balance of such Mortgage Loan
         as of the close of business on the  Determination  Date preceding such  Distribution  Date and the date of
         acquisition thereof;

                  (xvii)   for each Loan Group,  the total number and  principal  balance of any REO  Properties as
         of the close of business on the Determination Date preceding such Distribution Date;

                                                             86

                  (xviii)  for each Loan Group,  the Senior  Prepayment  Percentage and the Subordinate  Prepayment
         Percentage for the following Distribution Date;

                  (xix)    for each Loan  Group,  the  aggregate  amount of  Realized  Losses  incurred  during the
         preceding calendar month;

                  (xx)     for each Loan Group, the amount of any Subsequent Recoveries;

                  (xxi)    any  expenses or  indemnification  amounts paid by the Trust,  the  specific  purpose of
         each payment and the parties to whom such payments were made;

                  (xxii)   any  material  modifications,  extensions  or waivers as to Mortgage  Loan terms,  fees,
         penalties or payments since the previous Distribution Date and cumulatively since the Cut-off Date;

                  (xxiii)  unless such  information  is set forth in the Form 10-D  relating  to such  Distribution
         Date or a prior Form 8-K and provided the  Certificate  Administrator  is reasonably  able to include such
         information on the statement,  any material  breaches of  representations  and warranties  relating to the
         Mortgage Loans and any material breach of covenants hereunder; and

                  (xxiv)   the number and aggregate  principal  balance of any Mortgage  Loans  repurchased  by the
         Depositor from the Trust since the previous Distribution Date.

                  (b)      No  later  than  each  Distribution  Date,  the  Certificate  Administrator  shall  make
available  on its  website at  www.usbank.com.mbs  a statement  substantially  in the form of Exhibit T hereto (the
"Distribution Date Statement")  setting forth the information set forth in Section 5.04(a) and shall make available
a copy of such  Distribution  Date Statement to the Trustee.  Upon written request,  the Certificate  Administrator
shall  mail  a  paper  copy  of  the   Distribution   Date   Statement   to  any  Person  that  is  unable  to  use
www.usbank.com.mbs.  The  Certificate  Administrator  shall  have  the  right  to  change  the way  statements  are
distributed in order to make such  distribution more convenient  and/or  accessible to the  Certificateholders  and
the Rating Agencies, and the Certificate Administrator shall provide timely notice to all regarding such changes.

                  In  the  case  of  information   furnished   pursuant  to  clauses  (iii),   (iv)  and  (xii)  of
Section 5.04(a), the amounts shall be expressed as a dollar amount per Certificate with a $1,000 denomination.

                  On each  Distribution  Date,  the  Certificate  Administrator  shall  prepare  and furnish to the
Financial  Market  Service,  in electronic or such other format and media mutually  agreed upon by the  Certificate
Administrator,  the  Financial  Market  Service and the  Depositor,  the  information  contained  in the  statement
described in Section 5.04(a) for such Distribution Date.

                  Within  a  reasonable  period  of time  after  the end of each  calendar  year,  the  Certificate
Administrator  shall  furnish  to each  Person  who at any  time  during  the  calendar  year was the  Holder  of a
Certificate,  if requested in writing by such Person,  a statement  containing the information set forth in clauses

                                                             87

(iii),  (iv) and (ix) of Section  5.04(a),  in each case  aggregated  for such calendar year or applicable  portion
thereof during which such Person was a  Certificateholder.  Such obligation of the Certificate  Administrator shall
be deemed to have been satisfied to the extent that substantially  comparable  information shall be provided by the
Certificate Administrator pursuant to any requirements of the Code as from time to time in force.

                  The Certificate  Administrator  shall deliver to the Holders of Certificates  and the Trustee any
reports  or  information  the  Certificate  Administrator  is  required  by this  Agreement  or the Code,  Treasury
Regulations  or REMIC  Provisions  to deliver to the Holders of  Certificates,  and the  Certificate  Administrator
shall prepare and provide to the Certificateholders  and the Trustee (by mail, telephone,  or publication as may be
permitted by applicable Treasury  Regulations) such other reasonable  information as the Certificate  Administrator
deems  necessary  or  appropriate  or is  required  by the Code,  Treasury  Regulations,  and the REMIC  Provisions
including,  but not limited to, (i)  information  to be reported to the Holders of the  Residual  Certificates  for
quarterly  notices on Schedule Q (Form 1066) (which  information  shall be forwarded to the Holders of the Residual
Certificates  by the  Certificate  Administrator),  (ii)  information to be provided to the Holders of Certificates
with respect to amounts which should be included as interest and original  issue  discount in such  Holders'  gross
income and (iii)  information  to be provided to all Holders of  Certificates  setting forth the percentage of each
REMIC's assets,  determined in accordance  with Treasury  Regulations  using a convention,  not  inconsistent  with
Treasury Regulations,  selected by the Certificate  Administrator in its absolute discretion,  that constitute real
estate  assets  under  Section  856 of the Code,  and  assets  described  in  Section  7701(a)(19)(C)  of the Code;
provided,  however,  that in setting forth the percentage of such assets of each REMIC,  nothing  contained in this
Agreement,  including  without  limitation  Section 7.03 hereof,  shall be interpreted  to require the  Certificate
Administrator  periodically  to appraise  the fair market  values of the assets of the Trust Estate or to indemnify
the Trust  Estate,  any  Certificateholders,  or any other  Person  from any  adverse  federal,  state or local tax
consequences  associated  with a change  subsequently  required to be made in the  Depositor's  initial  good faith
determinations  of such fair  market  values (if  subsequent  determinations  are  required  pursuant  to the REMIC
Provisions) made from time to time.

                  Section 5.05      Tax Returns and Reports to Certificateholders.

                  (a)      For federal  income tax  purposes,  each REMIC shall have a calendar  year  taxable year
and shall maintain its books on the accrual method of accounting.

                  (b)      The Certificate  Administrator shall prepare or cause to be prepared,  shall cause to be
timely  signed  by the  Trustee,  and  shall  file or cause  to be filed  with the  Internal  Revenue  Service  and
applicable  state or local tax  authorities  income tax  information  returns for each taxable year with respect to
each  REMIC  containing  such  information  at the times  and in the  manner as may be  required  by the Code,  the
Treasury  Regulations  or state or local  tax  laws,  regulations,  or  rules,  and  shall  furnish  or cause to be
furnished to each REMIC and the  Certificateholders the  schedules,  statements or information at such times and in
such manner as may be required  thereby.  Within 30 days of the Closing Date, the Certificate  Administrator  shall
furnish or cause to be furnished  to the Internal  Revenue  Service,  on Form 8811 or as otherwise  required by the
Code or the Treasury  Regulations,  the name,  title,  address and  telephone  number of the person that Holders of
the Certificates may contact for tax information  relating  thereto,  together with such additional  information at
the time or times and in the manner  required by the Code or the Treasury  Regulations.  Such  federal,  state,  or
local income tax or  information  returns  shall be signed by the Trustee,  or such other Person as may be required
to sign such returns by the Code, the Treasury Regulations or state or local tax laws, regulations, or rules.

                                                             88

                  (c)      In the first  federal  income tax return of each of the  Upper-Tier  and the  Lower-Tier
REMIC for its short  taxable year ending  December  31,  2007,  REMIC status shall be elected for such taxable year
and all succeeding taxable years.

                  (d)      The  Certificate  Administrator  will  maintain or cause to be  maintained  such records
relating  to each  REMIC,  including  but not  limited to records  relating  to the  income,  expenses,  assets and
liabilities  of the Trust  Estate,  and the  initial  fair  market  value and  adjusted  basis of the Trust  Estate
property and assets  determined at such  intervals as may be required by the Code or the Treasury  Regulations,  as
may be necessary to prepare the foregoing returns, schedules, statements or information.

                  Section 5.06      Tax  Matters  Person.  The Tax Matters  Person  shall have the same duties with
respect to each REMIC as those of a "tax  matters  partner"  under  Subchapter C of Chapter 63 of Subtitle F of the
Code.  The Seller,  as Holder of a Percentage  Interest in the Class 1-A-R  Certificates,  is hereby  designated as
the Tax Matters  Person for the  Upper-Tier  REMIC and the  Lower-Tier  REMIC.  By its  acceptance of a Class 1-A-R
Certificate,  each Holder thereof  irrevocably  appoints the Certificate  Administrator to act as agent for the Tax
Matters Person for the Upper-Tier REMIC and the Lower-Tier REMIC,  except that the Certificate  Administrator shall
not be required to pay any taxes.

                  Section 5.07      Rights of the Tax Matters Person in Respect of the  Certificate  Administrator.
The Certificate  Administrator  shall afford the Tax Matters Person,  upon reasonable notice during normal business
hours,  access to all records  maintained by the Certificate  Administrator  in respect of its duties hereunder and
access to officers of the  Certificate  Administrator  responsible  for  performing  such duties.  The  Certificate
Administrator  shall make  available to the Tax Matters  Person such books,  documents  or records  relating to the
Certificate  Administrator's  services  hereunder  as the Tax Matters  Person  shall  reasonably  request.  The Tax
Matters Person shall not have any  responsibility  or liability for any action or failure to act by the Certificate
Administrator  and is not  obligated to supervise  the  performance  of the  Certificate  Administrator  under this
Agreement or otherwise.

                  Section 5.08      REMIC  Related  Covenants.  For as long as the Trust shall exist,  the Trustee,
the  Certificate  Administrator,  the  Depositor  and each  Servicer  shall act in  accordance  herewith  to assure
continuing  treatment of the Upper-Tier  REMIC and the  Lower-Tier  REMIC as REMICs and avoid the imposition of tax
on either REMIC.  In particular:

                  (a)      The Trustee  shall not create,  or permit the  creation  of, any  "interests"  in either
REMIC  within  the  meaning  of Code  Section  860D(a)(2)  other  than the  interests  represented  by the  Regular
Certificates, the Residual Certificates and the Uncertificated Lower-Tier Regular Interests.

                  (b)      Except as otherwise  provided in the Code,  (i) the Depositor  and each  Servicer  shall
not  contribute to the Trust Estate and the Custodian,  on behalf of the Trustee,  and the Trustee shall not accept
property unless  substantially all of the property held in each REMIC constitutes  either "qualified  mortgages" or

                                                             89

"permitted  investments" as defined in Code Sections 860G(a)(3) and (5),  respectively,  and (ii) no property shall
be  contributed  to each REMIC after the start-up day unless such  contribution  would not subject the Trust Estate
to the 100% tax on contributions to a REMIC after the start-up day of the REMIC imposed by Code Section 860G(d).

                  (c)      Except  as  otherwise   provided  in  this  Agreement,   neither  the  Trustee  nor  the
Certificate  Administrator  shall accept on behalf of either REMIC any fee or other compensation for services,  and
none of the Certificate  Administrator,  the Trustee or any Servicer shall knowingly accept, on behalf of the Trust
Estate any income from assets other than those permitted to be held by a REMIC.

                  (d)      Neither  the  Servicers  nor the  Trustee  shall  sell or permit  the sale of all or any
portion of the Mortgage  Loans (other than in accordance  with Sections  2.02,  2.04 or 3.14),  unless such sale is
pursuant to a "qualified  liquidation"  of the  applicable  REMIC as defined in Code Section  860F(a)(4)(A)  and in
accordance with Article X.

                  (e)      The  Certificate  Administrator  shall maintain books with respect to the Trust and each
REMIC on a calendar year taxable year and on an accrual basis.

                  None of the Master Servicer,  the Servicers,  the Certificate  Administrator or the Trustee shall
engage in a "prohibited  transaction" (as defined in Code Section 860F(a)(2)),  except that, with the prior written
consent  of the  Servicer  and the  Depositor,  the  Trustee  or the  Certificate  Administrator  may engage in the
activities  otherwise  prohibited by the foregoing  paragraphs (b), (c) and (d);  provided that the Servicers shall
have  delivered  to the Trustee  and the  Certificate  Administrator  an Opinion of Counsel to the effect that such
transaction  will not result in the imposition of a tax on either the Upper-Tier  REMIC or the Lower-Tier REMIC and
will not disqualify either REMIC from treatment as a REMIC;  and,  provided further,  that the Servicers shall have
demonstrated  to the  satisfaction  of the  Trustee  and the  Certificate  Administrator  that such action will not
adversely affect the rights of the Holders of the Certificates,  the Certificate Administrator,  or the Trustee and
that such action will not adversely impact the rating of the Certificates.

                                                    ARTICLE VI

                                                 THE CERTIFICATES

                  Section 6.01      The  Certificates.  The  Classes  of Senior  Certificates  and the  Subordinate
Certificates  shall be  substantially  in the forms set forth in Exhibit A-1, Exhibit A-2, Exhibit B and Exhibit C,
as  applicable,  and  shall,  on  original  issue,  be  executed  by the  Certificate  Administrator  and  shall be
authenticated  and delivered by the  Certificate  Administrator  to or upon the order of the Depositor upon receipt
by the Custodian,  on behalf of the Trustee,  of the documents  specified in Section 2.01. The Senior  Certificates
(other than the Class 1-A-R  Certificates)  shall be  available to  investors  in  interests  representing  minimum
dollar  Certificate  Balances  of  $10,000  and  integral  multiples  of  $1 in  excess  thereof.  The  Subordinate
Certificates  shall be available to investors in interests  representing  minimum  dollar  Certificate  Balances of

                                                             90

$10,000 and integral  dollar  multiples of $1 in excess thereof (except one Certificate of such Class may be issued
with a different  Certificate  Balance).  Other than the 0.01% Percentage  Interest in the Class 1-A-R Certificates
to be held by the Seller,  the minimum  denomination of the Class 1-A-R  Certificates will be 20% of the Percentage
Interest of the Class 1-A-R  Certificates.  The Senior  Certificates  (other than the Class 1-A-R Certificates) and
the Class B-1,  Class B-2 and Class B-3  Certificates  shall  initially  be issued in  book-entry  form through the
Depository and delivered to the Depository or its designee,  and all other Classes of Certificates  shall initially
be issued in definitive, fully-registered form.

                  The  Certificates  shall  be  executed  by  manual  or  facsimile  signature  on  behalf  of  the
Certificate  Administrator  by an  authorized  officer or signatory.  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 Certificate  Administrator shall bind the Certificate  Administrator,  notwithstanding that such individuals
or any of them have ceased to be so  authorized  prior to the execution  and delivery of such  Certificates  or did
not hold such  offices or  positions  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
countersigned  by  the  Certificate  Administrator  substantially  in  the  form  provided  for  herein,  and  such
countersignature  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
countersignature.

                  Section 6.02      Registration of Transfer and Exchange of Certificates.

                  (a)      The  Certificate  Administrator  shall  cause to be kept at an  office  or agency in the
city in which the Corporate  Trust Office of the  Certificate  Administrator  is located a Certificate  Register in
which,  subject to such reasonable  regulations as it may prescribe,  the Certificate  Administrator  shall provide
for the  registration  of  Certificates  and of transfers and exchanges of  Certificates  as herein  provided.  The
Certificate  Administrator  shall  initially  serve  as  Certificate  Registrar  for  the  purpose  of  registering
Certificates and transfers and exchanges of Certificates as herein provided.

                  (b)      At the  option  of the  Certificateholders,  Certificates  may be  exchanged  for  other
Certificates of authorized  denominations of the same Class and aggregate  Percentage  Interest,  upon surrender of
the  Certificates to be exchanged at any such office or agency.  Whenever any  Certificates  are so surrendered for
exchange,  the  Certificate  Administrator  shall execute and the  Certificate  Administrator  shall  authenticate,
countersign and deliver the Certificates  which the  Certificateholder  making the exchange is entitled to receive.
Every  Certificate  presented or surrendered  for transfer or exchange shall be duly endorsed by, or be accompanied
by a written  instrument  of transfer in form  satisfactory  to the  Certificate  Registrar  duly  executed by, the
Holder thereof or its attorney duly authorized in writing.

                  (c)      (i)      Except as provided in paragraph  (c)(iii)  below,  the Book-Entry  Certificates
         shall at all times remain  registered in the name of the  Depository or its nominee and at all times:  (A)
         registration of the Certificates may not be transferred except to another  Depository;  (B) the Depository
         shall maintain  book-entry  records with respect to the  Certificate  Owners and with respect to ownership
         and  transfers of such  Book-Entry  Certificates;  (C)  ownership  and  transfers of  registration  of the
         Book-Entry  Certificates on the books of the Depository shall be governed by applicable rules  established

                                                             91

         by the  Depository;  (D) the  Depository  may collect its usual and customary  fees,  charges and expenses
         from its  Depository  Participants;  (E) the Depository  shall be the  representative  of the  Certificate
         Owners of the  Book-Entry  Certificates  for  purposes  of  exercising  the rights of  Holders  under this
         Agreement,  and  requests  and  directions  for and  votes of the  Depository  shall  not be  deemed to be
         inconsistent  if they are made with  respect to  different  Certificate  Owners;  and (F) the  Certificate
         Administrator  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.

                  (ii)     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  Owner.  Each  Depository  Participant  shall only transfer  Book-Entry  Certificates of
         Certificate  Owners it represents or of brokerage  firms for which it acts as agent in accordance with the
         Depository's normal procedures.

                  (iii)    If (A) (1) the  Depositor  advises the  Certificate  Administrator  in writing  that the
         Depository is no longer willing or able to properly  discharge its  responsibilities  as  Depository,  and
         (2) the Certificate  Administrator or the Depositor is unable to locate a qualified  successor,  or (B) to
         the extent  permitted  by law,  the  Depositor  at its option  advises the  Certificate  Administrator  in
         writing  that it elects to  terminate  the  book-entry  system  through the  Depository,  the  Certificate
         Administrator shall notify all Certificate Owners,  through the Depository,  of the occurrence of any such
         event  and  of  the  availability  of  definitive,   fully-registered   Certificates   (the  "Definitive
         Certificates")  to Certificate  Owners.  Upon surrender to the  Certificate  Administrator  of the related
         Class  of  Certificates  by the  Depository,  accompanied  by the  instructions  from the  Depository  for
         registration,  the  Certificate  Administrator  shall prepare the Definitive  Certificates,  which will be
         executed and  authenticated  by the Certificate  Administrator  pursuant to clause (b) above.  None of the
         Servicers,  the Depositor,  the Certificate  Administrator or the Trustee shall be liable for any delay in
         delivery of such  instruction  and may  conclusively  rely on, and shall be  protected in relying on, such
         instructions.  The Depositor shall provide the  Certificate  Administrator  with an adequate  inventory of
         certificates  to  facilitate  the issuance and transfer of Definitive  Certificates.  Upon the issuance of
         Definitive   Certificates,   the  Holders  of  the   Definitive   Certificates   shall  be  recognized  as
         Certificateholders hereunder.

                  (d)      No transfer of a Private  Certificate  shall be made unless such transfer is exempt from
the  registration  requirements of the 1933 Act and any applicable  state  securities laws or is made in accordance
with the 1933 Act and such laws. In the event of any such  transfer,  (i) unless  such transfer is made in reliance
on Rule 144A under the 1933 Act, the  Certificate  Administrator  or the Depositor may require a written Opinion of
Counsel (which may be in-house  counsel)  acceptable to and in form and substance  reasonably  satisfactory  to the
Certificate  Administrator  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 and such laws or is being made pursuant to the
1933 Act and such laws,  which Opinion of Counsel shall not be an expense of the Certificate  Administrator  or the
Depositor and (ii) the Certificate  Administrator shall require a certificate from the  Certificateholder  desiring
to effect such  transfer  substantially  in the form  attached  hereto as Exhibit G-1 and a  certificate  from such
Certificateholder's  prospective transferee  substantially in the form attached hereto either as Exhibit G-2A or as
Exhibit  G-2B,  which  certificates  shall not be an expense of the  Certificate  Administrator  or the  Depositor;

                                                             92

provided  that the  foregoing  requirements  under  clauses (i) and (ii) shall not apply to a transfer of a Private
Certificate  between or among the Depositor,  the Seller,  the Servicers,  their  affiliates or both. The Depositor
shall  provide  to any Holder of a Private  Certificate  and any  prospective  transferees  designated  by any such
Holder,  information  regarding the related Certificates and the Mortgage Loans and such other information as shall
be  necessary  to satisfy the  condition  to  eligibility  set forth in Rule  144A(d)(4)  for  transfer of any such
certificate  without  registration  thereof under the 1933 Act pursuant to the registration  exemption  provided by
Rule 144A. The Holder of a Private  Certificate  desiring to effect such transfer shall,  and does hereby agree to,
indemnify  the Master  Servicer,  the  Certificate  Administrator,  each  Servicer,  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.

                  (e)      No transfer of an ERISA Restricted  Certificate or a Residual  Certificate shall be made
unless the transferee delivers to the Certificate  Administrator either (i) a representation  letter in the form of
Exhibit H from the  transferee  of such  Certificate,  which  representation  letter shall not be an expense of the
Depositor,  the Certificate  Administrator,  the Trustee, the Master Servicer or the Servicers, or (ii) in the case
of any  ERISA  Restricted  Certificate  presented  for  registration  in the name of an  employee  benefit  plan or
arrangement,  including an individual  retirement account,  subject to Title I of ERISA,  Section 4975 of the Code,
or any  federal,  state  or local  law  which is  similar  to  Section  406 of  ERISA or  Section  4975 of the Code
("Similar Law") (collectively,  a "Plan"), or a trustee or custodian of any of the foregoing, an Opinion of Counsel
for the benefit of the Trustee,  Servicers,  the Master Servicer and the Certificate  Administrator upon which they
may rely  that the  purchase  of the  ERISA  Restricted  Certificate  is  permissible  under  local  law,  will not
constitute or result in a non-exempt  prohibited  transaction under Section 406 of ERISA,  Section 4975 of the Code
or Similar  Law,  and will not subject the  Certificate  Administrator,  the  Trustee,  the Master  Servicer or the
Servicers to any  obligation  or liability in addition to those  undertaken  in this  Agreement,  which  Opinion of
Counsel  shall not be an expense  of the  Certificate  Administrator,  the  Trustee,  the  Master  Servicer  or the
Servicers.  Any transferee of an ERISA  Restricted  Certificate that does not comply with either clause (i) or (ii)
of the  preceding  sentence  will be  deemed  to have  made one of the  representations  set  forth in  Exhibit  H.
Notwithstanding  anything else to the contrary herein,  any purported  transfer of a Residual  Certificate to or on
behalf  of a Plan  shall be void and of no  effect.  Notwithstanding  anything  else to the  contrary  herein,  any
purported  transfer  of an ERISA  Restricted  Certificate  to or on behalf of a Plan  without  the  delivery to the
Certificate  Administrator,  the  Trustee,  the  Master  Servicer  and  the  Servicers  of an  Opinion  of  Counsel
satisfactory to the Certificate Administrator and the Servicers as described above shall be void and of no effect.

                                                             93

                  None of the Trustee,  the Certificate  Administrator,  the Servicers,  the Master Servicer or the
Certificate  Registrar  shall have any  liability  for  transfers  of  Book-Entry  Certificates  made  through  the
book-entry  facilities of the Depository or between or among any  Depository  Participants  or Certificate  Owners,
made in violation of applicable  restrictions.  The  Certificate  Administrator  and 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.

                  To the extent  permitted  under  applicable law (including,  but not limited to, ERISA),  none of
the Depositor,  the Certificate  Administrator,  the Master Servicer or the Trustee shall be under any liability to
any Person for any  registration of transfer of any ERISA  Restricted  Certificate that is in fact not permitted by
this  Section 6.02 or for making any payments  due on such  Certificate  to the Holder  thereof or taking any other
action with respect to such Holder under the  provisions of this  Agreement so long as the transfer was  registered
by the Certificate Registrar in accordance with the foregoing requirements.

                  (f)      Each Person who has or who acquires  any  Ownership  Interest in a Residual  Certificate
shall be deemed by the  acceptance  or  acquisition  of such  Ownership  Interest to have agreed to be bound by the
following  provisions,  and the rights of each Person  acquiring any Ownership  Interest in a Residual  Certificate
are expressly subject to the following provisions:

                  (i)      Each Person  holding or  acquiring  any  Ownership  Interest  in a Residual  Certificate
         shall be a Permitted  Transferee and shall promptly notify the Certificate  Administrator 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  proposed  transferee  shall  deliver  to the  Certificate  Administrator,  in form  and
         substance satisfactory to the Certificate  Administrator,  an affidavit in the form of Exhibit I-1 hereto,
         and the  proposed  transferor  shall  deliver  to the  Certificate  Administrator,  in form and  substance
         satisfactory  to the  Certificate  Administrator,  a  transferor  certificate  in the form of Exhibit  I-2
         hereto.

                  (iv)     Notwithstanding  the  delivery of an  affidavit  by a proposed  transferee  under clause
         (iii) above,  if a Responsible  Officer of the  Certificate  Administrator  has actual  knowledge that the
         proposed  transferee is not a Permitted  Transferee,  no transfer of any Ownership  Interest in a Residual
         Certificate to such proposed transferee shall be effected by the Certificate Administrator.

                  (v)      No Ownership  Interest in a Residual  Certificate  may be purchased by or transferred to
         any  Person  that is not a U.S.  Person,  unless  (A) such  Person  holds  such  Residual  Certificate  in
         connection  with  the  conduct  of a trade  or  business  within  the  United  States  and  furnishes  the
         transferor,  the Depositor and the Certificate  Administrator  with an effective  Internal Revenue Service
         Form W-8ECI (or successor  thereto) or (B) the transferee  delivers to the  transferor,  the Depositor and
         the  Certificate  Administrator  an Opinion of Counsel  from a  nationally-recognized  tax  counsel to the
         effect  that  such  transfer  is in  accordance  with the  requirements  of the  Code and the  regulations
         promulgated  thereunder  and that such  transfer of a Residual  Certificate  will not be  disregarded  for
         federal income tax purposes.

                                                             94

                  (vi)     Any  attempted  or  purported   transfer  of  any  Ownership   Interest  in  a  Residual
         Certificate  in violation of the  provisions  of this Section 6.02 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 6.02, 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 6.02, be restored to all
         rights  as  Holder  thereof  retroactive  to the  date  of  registration  of  transfer  of  such  Residual
         Certificate.   The  Certificate  Administrator  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 6.02 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 the  Agreement  so long as the transfer was
         registered in accordance  with this Section 6.02. The  Certificate  Administrator  and the Depositor 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  Certificate  Administrator  or the  Depositor
         shall be distributed and delivered by the Certificate  Administrator  to the prior Holder of such Residual
         Certificate that is a Permitted Transferee.

                  (vii)    If any Person other than a Permitted  Transferee  acquires any  Ownership  Interest in a
         Residual  Certificate  in  violation  of the  restrictions  in this  Section  6.02,  then the  Certificate
         Administrator,  based on information  provided to the  Certificate  Administrator  by each Servicer,  will
         provide to the Internal Revenue  Service,  and to the Persons  specified in Section  860E(e)(3) and (6) of
         the Code,  information  needed to compute the tax imposed under  Section  860E(e) of the Code on transfers
         of residual  interests  to  disqualified  organizations.  The  expenses of the  Certificate  Administrator
         under this clause (vii) shall be reimbursable by the Trust.

                  (viii)   No  Ownership  Interest  in a Residual  Certificate  shall be  acquired by a Plan or any
         Person acting on behalf of a Plan.

                  (g)      [Reserved]

                  (h)      No service charge shall be imposed for any 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.

                  (i)      All  Certificates  surrendered  for  transfer  and  exchange  shall be  destroyed by the
Certificate Registrar in accordance with its standard procedures.

                                                             95

                  Section 6.03      Mutilated,  Destroyed,  Lost  or  Stolen  Certificates.  If (a)  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 (b) there is delivered to the Certificate
Administrator,  the Trustee,  the Depositor and the  Certificate  Registrar  such security or indemnity  reasonably
satisfactory  to each, to save each of them  harmless,  then,  in the absence of actual  notice to the  Certificate
Administrator,  the Trustee or the  Certificate  Registrar that such  Certificate  has been acquired by a protected
purchaser,  the  Certificate  Administrator  shall execute and  authenticate  and the  Certificate  Registrar shall
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  but bearing a number not  contemporaneously  outstanding.
Upon the issuance of any new Certificate under this Section,  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 Certificate  Registrar) connected  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 6.04      Persons  Deemed  Owners.  Prior  to  due  presentation  of  a  Certificate  for
registration  of  transfer,  the  Depositor,  the  Servicers,  the  Certificate  Administrator,  the  Trustee,  the
Certificate Registrar and any agent of the Depositor,  the Servicers,  the Certificate  Administrator,  the Trustee
or the  Certificate  Registrar  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 5.01 and for all other purposes
whatsoever,  and none of the Depositor,  the Servicers,  the Master Servicer,  the Certificate  Administrator,  the
Trustee, the Certificate  Registrar or any agent of the Depositor,  the Servicers,  the Certificate  Administrator,
the Master Servicer, the Trustee or the Certificate Registrar shall be affected by notice to the contrary.

                                                             96

                                                    ARTICLE VII

                               THE DEPOSITOR, THE MASTER SERVICER AND THE SERVICERS

                  Section 7.01      Respective  Liabilities  of  the  Depositor,  the  Master  Servicer  and  the
Servicers.  The Depositor,  the Master Servicer and each Servicer shall each be liable in accordance  herewith only
to the extent of the obligations  specifically and respectively  imposed upon and undertaken by the Depositor,  the
Master Servicer and each Servicer herein.  By way of illustration  and not limitation,  the Depositor is not liable
for the  servicing  and  administration  of the Mortgage  Loans,  nor is it obligated by Section 8.01 to assume any
obligations  of either  Servicer  or to appoint a designee  to assume  such  obligations,  nor is it liable for any
other  obligation  hereunder  that it may,  but is not  obligated  to,  assume  unless it  elects  to  assume  such
obligation in accordance herewith.

                  Section 7.02      Merger or  Consolidation  of the Depositor,  the Master Servicer or a Servicer.
The  Depositor,  the Master  Servicer and each  Servicer  will each keep in full effect its  existence,  rights and
franchises as a separate  entity under the laws governing its  organization,  and will each 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,  the Master  Servicer or either  Servicer  may be merged or
consolidated,  or any corporation  resulting from any merger or  consolidation  to which the Depositor,  the Master
Servicer or such Servicer shall be a party, or any Person  succeeding to the business of the Depositor,  the Master
Servicer  or such  Servicer,  shall be the  successor  of the  Depositor,  the Master  Servicer  or the  applicable
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 applicable  Servicer  shall be qualified to service  mortgage loans on behalf
of FNMA or FHLMC.

                  Section 7.03      Limitation on Liability of the Depositor,  the Master Servicer,  the Servicers
and Others; Liability of Master Servicer and Servicers.

                  (a)      None of the Depositor,  the Master  Servicer,  either  Servicer or any of the directors,
officers,  employees or agents of the Depositor,  the Master Servicer or of a Servicer shall be under any liability
to the Trust  Estate 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,  the Master  Servicer,  the  Servicers or any such Person  against any
breach of warranties or  representations  made herein or 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,  each  Servicer  and any
director,  officer,  employee or agent of the Depositor,  the Master  Servicer or a 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,  each Servicer and any director,  officer,  employee or
agent of the  Depositor,  the Master  Servicer  or a Servicer  shall be  indemnified  by the Trust  Estate and held

                                                             97

harmless  against any loss,  liability or expense  incurred in  connection  with any legal action  relating to this
Agreement or the Certificates,  other than any loss,  liability or expense related to any specific Mortgage Loan or
Mortgage  Loans  (except as any such loss,  liability or expense shall be otherwise  reimbursable  pursuant to this
Agreement)  and any loss,  liability  or  expense  incurred  by reason of willful  misfeasance,  bad faith or gross
negligence in the  performance of duties  hereunder or by reason of reckless  disregard of  obligations  and duties
hereunder.  None of the Depositor,  the Master  Servicer or either 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,  the
Master  Servicer or a Servicer  may in its  discretion  undertake  any such action  which it may deem  necessary or
desirable in 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 shall be expenses,  costs and liabilities of the Trust Estate,  and the Depositor,  the Master
Servicer  and each  Servicer  shall be  entitled  to be  reimbursed  therefor  out of amounts  attributable  to the
Mortgage Loans on deposit in the related Servicer Custodial Account as provided by Section 3.11.

                  (b)      Subject to  clause (a)  above,  each  Servicer  (except the Trustee if it is required to
succeed  the  Servicer  hereunder)  indemnifies  and  holds the  Trustee,  the  Master  Servicer,  the  Certificate
Administrator,  the  Depositor  and the Trust  harmless  against  any and all  claims,  losses,  penalties,  fines,
forfeitures,  reasonable legal fees and related costs,  judgments,  and any other costs, fees and expenses that the
Trustee,  the Master Servicer,  the Certificate  Administrator,  the Depositor and the Trust may sustain in any way
related to the failure of such  Servicer to perform its duties and service the Mortgage  Loans in  compliance  with
this Agreement.  The related  Servicer,  the Trustee,  the Master Servicer,  the Certificate  Administrator and the
Depositor  shall  notify the other  parties if a claim is made that may result in such claims,  losses,  penalties,
fines,  forfeitures,  legal fees or related  costs,  judgments,  or any other  costs,  fees and  expenses,  and the
related  Servicer  shall  assume (with the consent of the  applicable  party) 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  any  Servicer,  the  Trustee,  the Master  Servicer,  the
Certificate  Administrator,  the  Depositor  or the  Trust  in  respect  of  such  claim.  The  provisions  of this
Section 7.03(b)  shall survive the  resignation or removal of any Servicer,  the  termination of this Agreement and
the payment of the outstanding Certificates.

                  (c)      In taking or  recommending  any  course of action  pursuant  to this  Agreement,  unless
specifically  required to do so pursuant to this  Agreement,  a Servicer  shall not be required to  investigate  or
make  recommendations  concerning  potential  liabilities which the Trust might incur as a result of such course of
action by reason of the  condition  of the  Mortgaged  Properties  but shall  give  notice to the  Trustee  and the
Certificate Administrator if it has notice of such potential liabilities.

                  (d)      A Servicer shall not be liable for any acts or omissions of any other  Servicer,  except
as otherwise expressly provided herein.

                                                             98

                  (e)      Subject to clause (a)  above,  the Master  Servicer  indemnifies  and holds the Trustee,
the  Certificate  Administrator,  the  Depositor  and the  Trust  harmless  against  any and  all  claims,  losses,
penalties,  fines,  forfeitures,  reasonable legal fees and related costs, judgments, and any other costs, fees and
expenses that the Trustee,  the Certificate  Administrator,  the Depositor and the Trust may sustain related to the
failure of the Master  Servicer to perform its duties and master  service the  Mortgage  Loans in  compliance  with
this Agreement.  The Master Servicer,  the Trustee,  the Certificate  Administrator  and the Depositor shall notify
the other parties if a claim is made that may result in such claims, losses, penalties,  fines, forfeitures,  legal
fees or related  costs,  judgments,  or any other costs,  fees and expenses,  and the Master  Servicer shall assume
(with the  consent  of the  Trustee  and the  Depositor)  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  Trustee,  the  Master  Servicer,  the  Certificate  Administrator,  the
Depositor  or the Trust in  respect of such  claim.  The  provisions  of this  Section 7.03(e)  shall  survive  the
resignation  or  removal  of the  Master  Servicer,  the  termination  of this  Agreement  and the  payment  of the
outstanding Certificates.

                  (f)      The  Master  Servicer  shall not be under any  obligation  to appear  in,  prosecute  or
defend any legal  action that is not  incidental  to its duties  under this  Agreement  and that in its opinion may
involve it in any expense or liability;  provided,  however,  the Master Servicer may in its  discretion,  with the
consent of the Trustee (which consent shall not be unreasonably  withheld),  undertake any such action which it may
deem  necessary or desirable  with respect to this  Agreement  and the rights and duties of the parties  hereto and
the  interests of the  Certificateholders  hereunder.  In such event,  the legal  expenses and costs of such action
and any  liability  resulting  therefrom  shall be expenses,  costs and  liabilities  of the Trust,  and the Master
Servicer shall be entitled to be reimbursed  therefor out of the Collection  Account as provided by Section 3.11(b)
hereof.  Nothing in this Section  7.03(f) shall affect the Master  Servicer's  obligation to supervise,  or to take
such actions as are  necessary to ensure,  the  servicing  and  administration  of the Mortgage  Loans  pursuant to
Sections 3.24 and 3.25 hereof.

                  Section 7.04      Depositor,  Master  Servicer  and  Servicers  Not  to  Resign.  Subject  to the
provisions  of Section  7.02,  none of the  Depositor,  the Master  Servicer or any Servicer  shall resign from its
respective  obligations and duties hereby imposed on it except upon  determination that its duties hereunder are no
longer  permissible under applicable law. Any such determination  permitting the resignation of the Depositor,  the
Master  Servicer or a Servicer shall be evidenced by an Opinion of Counsel to such effect  delivered to the Trustee
and the  Certificate  Administrator.  No such  resignation  by a Servicer shall become  effective  until the Master
Servicer  or a  successor  Servicer  shall  have  assumed  such  Servicer's  responsibilities  and  obligations  in
accordance with Section 8.05 hereof,  and no such  resignation by the Master Servicer shall become effective unless
and until the Certificate Administrator shall also resign and be removed in accordance with Section 9.06 hereof.

                  Section 7.05      Successor  Master  Servicer.  If the  Master  Servicer  shall for any reason no
longer be the Master Servicer  (including by reason of an Event of Default),  the Trustee shall  thereupon  assume,
if it so elects,  or shall appoint a successor  Master  Servicer to assume,  all of the rights and  obligations  of
such Master Servicer  hereunder arising  thereafter (except that the Trustee or any successor Master Servicer shall
not be (a) liable for any acts or omissions of such predecessor  Master Servicer  hereunder,  (b) obligated to make

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Advances if it is  prohibited  from doing so by  applicable  law,  (c) deemed to have made any  representations  or
warranties  of such  predecessor  Master  Servicer  hereunder,  (d) fund any  losses  on any  Permitted  Investment
directed by such  predecessor  Master  Servicer,  or (e) obligated to perform any obligation of the Master Servicer
under  Section  12.06 or  Section  12.08  with  respect  to any  period of time  during  which the  Trustee or such
successor  Master  Servicer  was not  acting as the  Master  Servicer).  Any such  assumption  shall be  subject to
Section 8.05 hereof and shall  require the removal of the  Certificate  Administrator  in  accordance  with Section
9.06 hereof.

                  In connection  with the  appointment  of any successor  master  servicer or the assumption of the
duties of the Master  Servicer,  the Trustee may make such  arrangements  for the  compensation  of such  successor
master  servicer out of payments on the Mortgage  Loans as the Trustee and such  successor  master  servicer  shall
agree.  Notwithstanding the foregoing,  the compensation  payable to a successor master servicer may not exceed the
compensation  which the Master  Servicer would have been entitled to retain if the Master Servicer had continued to
act as Master Servicer hereunder.

                  All costs incurred in connection  with the  transition of the master  servicing to the Trustee or
the  successor  Master  Servicer  shall be paid by the  predecessor  Master  Servicer,  and if not so paid shall be
reimbursed  to the Trustee by the Trust.  If the Trustee is acting as Master  Servicer  pursuant to either  Section
7.04 or  Section  8.05,  all costs  incurred  by the  Trustee  acting as Master  Servicer  in  connection  with the
transition of master  servicing from the Trustee to a successor  Master  Servicer shall be paid by the  predecessor
Master  Servicer  from which the Trustee took over as Master  Servicer  pursuant to either  Section 7.04 or Section
8.05, and if not so paid shall be reimbursed to the Trustee by the Trust.

                  Section 7.06      Sale and  Assignment  of Master  Servicing.  The Master  Servicer  may sell and
assign  its  rights and  delegate  its  duties  and  obligations  in its  entirety  as Master  Servicer  under this
Agreement,  and the Depositor may terminate  the Master  Servicer  without cause and select a new Master  Servicer;
provided,  however,  that: (i) the purchaser or transferee  accepting such assignment and delegation (a) shall be a
Person  which shall be  qualified  to service  mortgage  loans for Fannie Mae or Freddie  Mac; (b) shall have a net
worth of not less than  $10,000,000  (unless  otherwise  approved  by each  Rating  Agency  pursuant to clause (ii)
below);  (c) shall be reasonably  satisfactory  to the Trustee and the Depositor (as evidenced in a writing  signed
by the Trustee and the  Depositor);  and (d) shall  execute  and deliver to the Trustee an  agreement,  in form and
substance  reasonably  satisfactory  to the Trustee,  which  contains an  assumption  by such Person of the due and
punctual  performance  and  observance  of each  covenant and condition to be performed or observed by it as master
servicer  under this Agreement 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,  qualified or withdrawn as a result of such  assignment,
sale and  delegation,  as  evidenced by a letter to such effect  delivered to the Master  Servicer and the Trustee;

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(iii) the Master  Servicer  assigning  and selling the master  servicing  shall deliver to the Trustee an Officer's
Certificate  and an Opinion of Counsel  addressed to the Trustee,  each  stating that all  conditions  precedent to
such action under this  Agreement  have been  completed and such action is permitted by and complies with the terms
of this  Agreement;  (iv) in the event the Master  Servicer  is  terminated  without  cause by the  Depositor,  the
Depositor  shall pay the  terminated  Master  Servicer a  termination  fee equal to 0.25% of the  aggregate  Stated
Principal  Balance of the Mortgage  Loans at the time the master  servicing of the Mortgage Loans is transferred to
the  successor  Master  Servicer;  and (v) the  Certificate  Administrator  shall  also  resign  and be  removed in
accordance  with Section 9.06 hereof.  No such  assignment or delegation  shall affect any rights or liabilities of
the Master Servicer arising prior to the effective date thereof.

                                                   ARTICLE VIII

                                                      DEFAULT

                  Section 8.01      Events of Default.  If any one of the  following  events  ("Events of Default")
shall occur and be continuing:

                  (a)      any failure by the Master  Servicer or a Servicer to deposit  amounts in the Certificate
Account,  Collection  Account or the related Servicer  Custodial  Account,  respectively,  in the amount and manner
provided  herein so as to enable the  Certificate  Administrator  to  distribute  to Holders  of  Certificates  any
payment  required to be made under the terms of such  Certificates  and this Agreement which  continues  unremedied
for a period of three (3) Business  Days after the date upon which  written  notice of such failure shall have been
given to the Master Servicer or such Servicer; or

                  (b)      failure on the part of the Master  Servicer or a Servicer  duly to observe or perform in
any material  respect any other  covenants or agreements  of the Master  Servicer or such Servicer set forth in the
Certificates  or in this  Agreement,  which  covenants and agreements  continue  unremedied for a period of 30 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 or such Servicer by the Certificate  Administrator,  the Trustee or the Depositor, or to the
Master Servicer,  the Servicers,  the Depositor,  the Certificate  Administrator  and the Trustee by the Holders of
Certificates evidencing Voting Rights aggregating not less than 25% of all Certificates affected thereby; or

                  (c)      any breach of a  representation  or warranty  made by a Servicer or the Master  Servicer
under this Agreement,  which materially and adversely  affects the interests of the  Certificateholders,  and which
breach  continues  unremedied  for a period of 30 days  after  the date on which  written  notice  of such  breach,
requiring the same to be remedied,  shall have been given to such Servicer by the Master Servicer,  the Certificate
Administrator,  the Trustee or the Depositor, to the Master Servicer by a Servicer, the Depositor,  the Certificate
Administrator  or  the  Trustee,  or to  the  Servicers,  the  Master  Servicer,  the  Depositor,  the  Certificate
Administrator  and the Trustee by the Holders of Certificates  evidencing  Voting Rights  aggregating not less than
25% of all Certificates affected thereby; or

                  (d)      the  entry of a decree or order by a court or agency  or  supervisory  authority  having
jurisdiction  in the premises for the  appointment  of a  conservator,  receiver or liquidator  in any  insolvency,
readjustment of debt,  marshalling of assets and liabilities or similar  proceedings against the Master Servicer or
a  Servicer,  or for the  winding up or  liquidation  of the  Master  Servicer  or a  Servicer's  affairs,  and the
continuance of any such decree or order unstayed and in effect for a period of 60 consecutive days; or

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                  (e)      the consent by the Master  Servicer or a Servicer to the  appointment  of a  conservator
or receiver or liquidator  in any  insolvency,  readjustment  of debt,  marshalling  of assets and  liabilities  or
similar  proceedings of or relating to the Master Servicer or a Servicer or of or relating to substantially  all of
its  property;  or the  Master  Servicer  or a  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;
or

                  (f)      the failure by the Master  Servicer or a Servicer to duly  perform,  within the required
time period, its obligations under Article XII;

then,  and in each and every such case (other than an Event of Default  described in clause (a) hereof  regarding a
failure to make  required  Periodic  Advances),  (i) so long as an Event of Default in respect of a Servicer  shall
not have been remedied by the  applicable  Servicer,  the Master  Servicer may, and at the direction of the Holders
of  Certificates  evidencing  Voting Rights  aggregating  not less than 51% of all  Certificates  affected  thereby
shall,  by notice  then given in writing to such  Servicer,  terminate  all of the rights and  obligations  of such
Servicer under this  Agreement and (ii) so long as an Event of Default in respect of the Master  Servicer shall not
have been remedied by the Master  Servicer,  either the Trustee or the  Depositor  may, and at the direction of the
Holders of  Certificates  evidencing  Voting  Rights  aggregating  not less than 51% of all  Certificates  affected
thereby  shall,  by notice  then  given in  writing to the Master  Servicer  (and to the  Trustee,  if given by the
Depositor,  and to the  Depositor,  if given by the Trustee),  terminate all of the rights and  obligations  of the
Master Servicer under this  Agreement.  If an Event of Default  described in clause (a) hereof  regarding a failure
to make required  Periodic  Advances shall occur in respect of a Servicer,  the Master Servicer shall, by notice to
the related  Servicer,  terminate all of the rights and  obligations  of such Servicer under this Agreement and the
Master Servicer,  as successor  Servicer,  or another successor  Servicer appointed by the Master Servicer pursuant
to Section  8.05,  shall make the  Periodic  Advance  which such  Servicer  failed to make  (subject  to the Master
Servicer's  determination as to the recoverability of such Periodic  Advance).  If an Event of Default described in
clause (a) hereof  regarding  a failure to make  required  Periodic  Advances  shall occur in respect of the Master
Servicer,  the Trustee shall, by notice to the Master Servicer,  terminate all of the rights and obligations of the
Master  Servicer  under this  Agreement  and the Trustee,  as successor  Servicer,  or another  successor  Servicer
appointed by the Trustee,  acting as successor Master  Servicer,  pursuant to Section 8.05, shall make the Periodic
Advance which the Master Servicer failed to make.

                  On or after the  receipt  by a  Servicer  of a written  notice of  termination  pursuant  to this
Section  8.01,  all  authority  and power of such  Servicer  under  this  Agreement,  whether  with  respect to the
Certificates  or the Mortgage  Loans or  otherwise,  shall pass to and be vested in the Master  Servicer (or in the
successor  Servicer  appointed by the Depositor,  for an Event of Default pursuant to Section 8.01(f)),  subject to
Sections 3.25 and 8.05 hereof,  pursuant to and under this Section  8.01,  unless and until such time as the Master
Servicer,  if applicable,  shall appoint a successor  Servicer  pursuant to Section 8.05, and, without  limitation,
the  Master  Servicer  (or the  successor  Servicer  appointed  by the  Depositor,  as the case  may be) is  hereby
authorized and empowered to execute and deliver,  on behalf of such  Servicer,  as  attorney-in-fact  or otherwise,

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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.  Each  Servicer  agrees to  cooperate  with the
Master  Servicer (or the  successor  Servicer  appointed  by the  Depositor,  as the case may be) in effecting  the
termination of the  responsibilities  and rights of such Servicer hereunder,  including,  without  limitation,  the
transfer to the Master  Servicer (or the successor  Servicer  appointed by the Depositor,  as the case may be), for
the  administration  by it, of all amounts  that have been  deposited  by such  Servicer  in the  related  Servicer
Custodial Account or thereafter received by such Servicer with respect to the Mortgage Loans.

                  The Master Servicer (or the successor  Servicer  appointed by the Depositor,  as the case may be)
shall be entitled to be  reimbursed  by the  Servicer  (or by the Trust,  if the  Servicer is unable to fulfill its
obligations  hereunder) for all costs  associated with the transfer of servicing,  including,  without  limitation,
any 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 Master  Servicer  (or the  successor  Servicer
appointed by the Depositor,  as the case may be) to correct any errors or  insufficiencies in the servicing data or
otherwise to enable the Master  Servicer (or the successor  Servicer  appointed by the  Depositor,  as the case may
be) to service the Mortgage Loans properly and effectively.

                  If the Master  Servicer  acts as a  successor  Servicer,  it shall not assume  liability  for the
representations  and  warranties  of the  Servicer  that it  replaces.  The Master  Servicer  shall use  reasonable
efforts to have any  successor  Servicer  assume  liability  for the  representations  and  warranties  made by the
terminated Servicer.

                  On or after the receipt by the Master  Servicer of a written  notice of  termination  pursuant to
this Section 8.01,  all authority and power of the Master  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  (or in the
successor  Master  Servicer  appointed  by the  Depositor,  for an Event of Default  pursuant to Section  8.01(f)),
subject  to  Section  8.05  hereof,  pursuant  to and under this  Section  8.01,  unless and until such time as the
Trustee shall appoint a successor Master Servicer  pursuant to Section 8.05, and, without  limitation,  the Trustee
(or the  successor  Master  Servicer  appointed  by the  Depositor,  as the case may be) 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.  The Master  Servicer and  Certificate  Administrator  agree to
cooperate with the Trustee (or the successor  Master  Servicer  appointed by the Depositor,  as the case may be) in
effecting the termination of the responsibilities  and rights of the Master Servicer and Certificate  Administrator
hereunder,  including,  without limitation, the transfer to the Trustee (or the successor Master Servicer appointed
by the  Depositor,  as the case may be), for the  administration  by it, of all amounts that have been deposited by
the  Master  Servicer  or  Certificate  Administrator  in the  Collection  Account  or the  Certificate  Account or
thereafter received by the Master Servicer or Certificate Administrator with respect to the Mortgage Loans.

                  Upon  obtaining  notice  or  knowledge  of the  occurrence  of an Event of  Default,  the  Person
obtaining  such notice or  knowledge  shall give  prompt  written  notice  thereof to  Certificateholders  at their
respective  addresses  appearing  in the  Certificate  Register and to each Rating  Agency.  All costs and expenses
(including  attorneys'  fees)  incurred in  connection  with  transferring  the  servicing  files to the  successor
Servicer and amending this  Agreement to reflect such  succession  as Servicer  pursuant to this Section 8.01 shall
be paid by the predecessor  Servicer (or, if the predecessor  Servicer is the Master  Servicer,  by the predecessor

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to such  predecessor,  or, if not so paid,  by the  Trust).  All costs and  expenses  (including  attorneys'  fees)
incurred in connection with  transferring  the master servicing files to the successor Master Servicer and amending
this  Agreement to reflect such  succession as Master  Servicer  pursuant to this Section 8.01 shall be paid by the
predecessor  Master  Servicer (or, if the predecessor  Master  Servicer is the Trustee,  by the predecessor to such
predecessor,  or, if not so paid, by the Trust).  Notwithstanding  the  termination  of the Master  Servicer or any
Servicer  pursuant  hereto,  the Master  Servicer and each  Servicer  shall remain  liable for any causes of action
arising out of any Event of Default  relating  to the Master  Servicer or such  Servicer,  respectively,  occurring
prior to such termination.

                  The Holders of  Certificates  entitled to at least 66 2/3% of the Voting Rights  allocated to the
Classes  of  Certificates  affected  by an Event of Default  may,  on behalf of all  Certificateholders,  waive any
events  permitting  removal of the Master  Servicer as the Master  Servicer  or a Servicer as servicer  pursuant to
this  Article VIII,  provided,  however,  that an Event of Default  involving  making a required  distribution on a
Certificate  may only be waived  by all  Holders  of  Certificates,  provided  further,  however,  that an Event of
Default  under  Section  8.01(f) may only be waived with the  consent of the  Depositor.  Upon any waiver of a past
default,  such  default  shall cease to exist and any Event of Default  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 Certificate Administrator to the Rating Agencies.

                  Section 8.02      Remedies of Trustee.  During the  continuance of any Event of Default,  so long
as such Event of Default  shall not have been  remedied,  the  Trustee,  in  addition  to the rights  specified  in
Section  8.01,  shall have the right,  in its own name as trustee of an express  trust,  to take all actions now or
hereafter  existing  at law,  in equity or by statute  to  enforce  its  rights  and  remedies  and to protect  the
interests,  and  enforce  the rights  and  remedies,  of the  Certificateholders  (including  the  institution  and
prosecution of all judicial,  administrative  and other proceedings and the filing of proofs of claim in connection
therewith).  Except as otherwise  expressly  provided in this  Agreement,  no remedy provided for by this Agreement
shall be  exclusive of any other  remedy,  and each and every  remedy  shall be  cumulative  and in addition to any
other  remedy and no delay or  omission to exercise  any right or remedy  shall  impair any such right or remedy or
shall be deemed to be a waiver of any Event of Default.

                  Section 8.03      Directions  by  Certificateholders  and  Duties  of  Trustee  During  Event of
Default.  During  the  continuance  of any Event of  Default,  Holders of  Certificates  evidencing  Voting  Rights
aggregating  not less than 25% of each Class of  Certificates  affected  thereby  may  direct 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;  provided,  however, that the Trustee shall be under no obligation
to pursue any such remedy,  or to exercise any of the trusts or powers vested in it by this  Agreement  (including,

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without  limitation,  (a) the conducting or defending of any  administrative  action or litigation  hereunder or in
relation  hereto,  and (b) the terminating of the Master Servicer or any successor  Master Servicer from its rights
and duties as servicer  hereunder)  at the request,  order or direction  of any of the  Certificateholders,  unless
such  Certificateholders  shall have offered to the Trustee security or indemnity reasonable to the Trustee against
the costs,  expenses and liabilities which may be incurred therein or thereby and, provided further,  that, subject
to the  provisions  of Section 9.01,  the Trustee  shall have the right to decline to follow any such  direction if
the  Trustee,  based upon an Opinion of Counsel,  determines  that the action or  proceeding  so  directed  may not
lawfully be taken or if the  Trustee in good faith  determines  that the action or  proceeding  so  directed  would
involve it in personal liability or be unjustly prejudicial to the non-assenting Certificateholders.

                  Section 8.04      Action upon  Certain  Failures of the Master  Servicer or a Servicer  and upon
Event of Default.  In the event that a Responsible  Officer of the Certificate  Administrator  or the Trustee shall
have actual  knowledge  of any failure of the Master  Servicer or a Servicer  specified  in Section  8.01(a) or (b)
which would become an Event of Default upon the Master  Servicer's  or such  Servicer's  failure to remedy the same
after notice,  the Certificate  Administrator or the Trustee,  as the case may be, shall give notice thereof to the
Master  Servicer or such Servicer,  as applicable.  If a Responsible  Officer of the Certificate  Administrator  or
the Trustee shall have  knowledge of an Event of Default,  the  Certificate  Administrator  or the Trustee,  as the
case may be, shall give prompt written notice thereof to the Certificateholders.

                  Section 8.05      Trustee and Master Servicer to Act; Appointment of Successors.

                  (a)      If an Event of Default  (other  than an Event of Default  pursuant  to Section  8.01(f))
occurs with respect to the Master Servicer, the Trustee shall take action as follows:

                           (i)      On and after the time the  Master  Servicer  receives  a notice of  termination
         pursuant to Section 8.01,  the Trustee  shall,  subject to the  provisions of Section 7.05 hereof,  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 to all the  responsibilities,
         duties and liabilities  relating thereto placed on the Master Servicer by the terms and provisions  hereof
         or shall appoint a successor  pursuant to Section 7.05.  Notwithstanding  anything  provided herein to the
         contrary,  under no  circumstances  shall any  provision  of this  Agreement  be  construed to require the
         Trustee,  acting in its capacity as successor to the Master  Servicer in its  obligation to make Advances,
         to advance,  expend or risk its own funds or otherwise  incur any financial  liability in the  performance
         of its  duties  hereunder  if it  shall  have  reasonable  grounds  for  believing  that  such  funds  are
         non-recoverable.  Notwithstanding  the above,  the  Trustee  may, if it shall be  unwilling  so to act, or
         shall,  if it is legally  unable so to act,  appoint,  or petition a court of  competent  jurisdiction  to
         appoint,  any  established  housing  and home  finance  institution  having a net  worth of not less  than
         $15,000,000 as the successor to the terminated  Master Servicer  hereunder in the assumption of all or any
         part of the responsibilities,  duties or liabilities of the Master Servicer hereunder;  provided, however,

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         that any such  institution  appointed as successor  Master  Servicer shall not, as evidenced in writing by
         each Rating  Agency,  adversely  affect the then current rating of any Class of  Certificates  immediately
         prior to the termination of the terminated  Master  Servicer.  The appointment of the Trustee or any other
         successor  Master  Servicer shall not affect any liability of the  predecessor  Master  Servicer which may
         have arisen under this Agreement  prior to its  termination as Master  Servicer,  nor shall the Trustee or
         any other  successor  Master  Servicer  be liable  for any acts or  omissions  of the  predecessor  Master
         Servicer  or for  any  breach  by  such  predecessor  Master  Servicer  of any of its  representations  or
         warranties  contained herein or in any related document or agreement.  Pending  appointment of a successor
         to the terminated Master Servicer  hereunder,  unless the Trustee is prohibited by law from so acting, the
         Trustee  shall act in such  capacity as provided  above.  The Trustee and such  successor  shall take such
         action, consistent with this Agreement, as shall be necessary to effectuate any such succession.

                  (b)      If an Event of Default  (other  than an Event of Default  pursuant  to Section  8.01(f))
occurs with respect to a Servicer, the Master Servicer shall take action as follows:

                           (i)      On and after the time a Servicer  receives a notice of termination  pursuant to
         Section  8.01,  the Master  Servicer  shall,  subject to the  provisions  of Section 3.25  hereof,  be the
         successor  in all  respects to such  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 such Servicer by the terms and  provisions  hereof or shall
         appoint a successor  pursuant to Section 3.25.  Notwithstanding  anything provided herein to the contrary,
         under no  circumstances  shall any  provision  of this  Agreement  be  construed  to  require  the  Master
         Servicer,  acting in its  capacity as  successor  to a Servicer in its  obligation  to make  Advances,  to
         advance,  expend or risk its own funds or otherwise  incur any financial  liability in the  performance of
         its  duties   hereunder  if  it  shall  have  reasonable   grounds  for  believing  that  such  funds  are
         non-recoverable.  Subject to Section 8.05(b)(ii),  as compensation  therefor, the Master Servicer shall be
         entitled to such  compensation  as the  terminated  Servicer  would have been  entitled to hereunder if no
         such notice of  termination  had been given.  Notwithstanding  the above,  the Master  Servicer may, if it
         shall be unwilling so to act, or shall,  if it is legally unable so to act,  appoint,  or petition a court
         of competent  jurisdiction to appoint,  any established  housing and home finance institution having a net
         worth  of not  less  than  $15,000,000  as the  successor  to the  terminated  Servicer  hereunder  in the
         assumption of all or any part of the  responsibilities,  duties or liabilities of such Servicer hereunder;
         provided,  however,  that any such institution  appointed as successor Servicer shall not, as evidenced in
         writing by each Rating  Agency,  adversely  affect the then  current  rating of any Class of  Certificates
         immediately  prior to the termination of the terminated  Servicer.  The appointment of the Master Servicer
         or any other  successor  Servicer  shall not affect any liability of the  predecessor  Servicer  which may
         have arisen under this Agreement  prior to its  termination as a Servicer,  nor shall the Master  Servicer
         or any other  successor  Servicer be liable for any acts or omissions of the  predecessor  Servicer or for
         any breach by such predecessor  Servicer of any of its  representations or warranties  contained herein or
         in any related  document or  agreement.  Pending  appointment  of a successor to the  terminated  Servicer
         hereunder,  unless the Master Servicer is prohibited by law from so acting,  the Master Servicer shall act
         in such  capacity as provided  above.  The Master  Servicer  and such  successor  shall take such  action,
         consistent with this Agreement, as shall be necessary to effectuate any such succession.

                                                             106

                           (ii)     In connection  with the  appointment of a successor  Servicer or the assumption
         of the duties of a  Servicer,  as  specified  in Section  8.05(b)(i),  the Master  Servicer  may make such
         arrangements  for the  compensation  of such  successor out of payments on Mortgage  Loans serviced by the
         predecessor Servicer as it and such successor shall agree, not to exceed the Servicing Fee Rate.

                  (c)      If an Event of Default  pursuant to Section  8.01(f)  occurs with  respect to a Servicer
or the  Master  Servicer,  on and  after  the time  such  Servicer  or the  Master  Servicer  receives  a notice of
termination  pursuant to Section  8.01,  the  successor to such  Servicer or the Master  Servicer  appointed by the
Depositor  shall be the successor in all respects to such Servicer or the Master  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 such Servicer or the Master  Servicer by the terms and provisions  hereof.
The successor to such Servicer or Master  Servicer  shall be an  established  housing and home finance  institution
having a net  worth of not less  than  $15,000,000;  provided,  however,  that any such  institution  appointed  as
successor  Servicer or Master Servicer shall not, as evidenced in writing by each Rating Agency,  adversely  affect
the then  current  rating of any Class of  Certificates  immediately  prior to the  termination  of the  terminated
Servicer or Master  Servicer,  as applicable.  The  appointment of the successor  Servicer or Master Servicer shall
not affect any liability of the  predecessor  Servicer or Master  Servicer,  as  applicable,  which may have arisen
under this Agreement prior to its termination as a Servicer or Master  Servicer,  nor shall the successor  Servicer
or Master  Servicer  be liable  for any acts or  omissions  of the  predecessor  Servicer  or Master  Servicer,  as
applicable,  or for any breach by such  predecessor  Servicer or Master Servicer of any of its  representations  or
warranties  contained  herein or in any  related  document  or  agreement.  Any such  successor  Servicer or Master
Servicer  shall take such action,  consistent  with this  Agreement,  as shall be necessary to effectuate  any such
succession.  In  connection  with the  appointment  of a successor  Servicer or the  assumption  of the duties of a
Servicer,  the Master Servicer may make such  arrangements  for the  compensation of such successor out of payments
on Mortgage Loans serviced by the  predecessor  Servicer as it and such  successor  shall agree,  not to exceed the
Servicing Fee Rate.

                  Section 8.06      Notification  to  Certificateholders.  Upon any termination or appointment of a
successor to the Master Servicer or a Servicer pursuant to this Article VIII, the Certificate  Administrator  shall
give  prompt  written  notice  thereof  to  Certificateholders  at  their  respective  addresses  appearing  in the
Certificate Register and to the Rating Agencies.

                                                    ARTICLE IX

                                     THE TRUSTEE AND CERTIFICATE ADMINISTRATOR

                  Section 9.01      Duties of Trustee and the Certificate Administrator.

                  (a)      The  Trustee  prior to the  occurrence  of an Event of  Default  of which a  Responsible
Officer of the Trustee  shall have actual  knowledge  with  respect to the Master  Servicer and after the curing or
waiver of all Events of  Default  with  respect  to the Master  Servicer  which may have  occurred,  undertakes  to
perform  such  duties and only such duties as are  specifically  set forth in this  Agreement.  In case an Event of
Default with respect to the Master  Servicer has occurred of which a Responsible  Officer of the Trustee shall have
actual  knowledge  (which has not been cured or 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  reasonably
prudent  person would  exercise or use under the  circumstances  in the conduct of such  person's own affairs.  The
Certificate  Administrator  shall perform such duties and only such duties as are  specifically  required of it, as
set forth in this Agreement.

                                                             107

                  The Trustee and the Certificate  Administrator,  upon receipt of all  resolutions,  certificates,
statements,  opinions,  reports,  documents,  orders  or other  instruments  furnished  to such  Person  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 neither the Trustee
nor  the  Certificate  Administrator  shall  be  responsible  for  the  accuracy  or  content  of  any  resolution,
certificate,  statement,  opinion,  report,  document,  order or other instrument furnished by the Servicers or the
Depositor  hereunder.  If any such instrument is found not to conform in any material  respect to the  requirements
of  this  Agreement,  the  Trustee  or the  Certificate  Administrator,  as the  case  may  be,  shall  notify  the
Certificateholders of such instrument in the event that the Trustee or the Certificate  Administrator,  as the case
may be, after so requesting, does not receive a satisfactorily corrected instrument.

                  (b)      No  provision  of this  Agreement  shall be  construed  to  relieve  the  Trustee or the
Certificate  Administrator  from liability for its own negligent  action,  its own negligent  failure to act or its
own willful misfeasance; provided, however, that:

                  (i)      Prior to the  occurrence  of an Event of Default with respect to the Master  Servicer of
         which a  Responsible  Officer of the Trustee shall have actual  knowledge,  and after the curing or waiver
         of all such Events of Default  with respect to the Master  Servicer  which may have  occurred,  the duties
         and  obligations of the Trustee shall be determined  solely by the express  provisions of this  Agreement;
         neither the Trustee nor the Certificate  Administrator  shall 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 or the Certificate  Administrator  and,
         in the  absence of bad faith on the part of the  Trustee and the  Certificate  Administrator,  the Trustee
         and the  Certificate  Administrator  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 the  Certificate  Administrator  by the  Depositor,  the Master  Servicer or any  Servicer and
         which on their face, do not contradict the requirements of this Agreement;

                  (ii)     Neither the Trustee (in its individual  capacity) nor the Certificate  Administrator (in
         its  individual  capacity)  shall be personally  liable for an error of judgment made in good faith by any
         Responsible  Officer  or other  officers  thereof,  unless  it shall be  proved  that the  Trustee  or the
         Certificate Administrator, as the case may be, was negligent in ascertaining the pertinent facts;

                  (iii)    Neither the Trustee (in its individual  capacity) nor the Certificate  Administrator (in
         its  individual  capacity)  shall 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  Certificateholders  as
         provided in Section 8.03;

                                                             108

                  (iv)     The  Trustee  shall not be charged  with  knowledge  of any  default or Event of Default
         unless a  Responsible  Officer of the  Trustee  assigned  to and  working in the  Corporate  Trust  Office
         obtains  actual  knowledge  of such  default or Event of Default or any  officer of the  Trustee  receives
         written  notice of such  default or Event of Default at its  Corporate  Trust  Office.  In the  absence of
         such notice or actual  knowledge,  the Trustee may  conclusively  assume that there is no default or Event
         of Default;

                  (v)      The  Certificate  Administrator  shall not be  charged  with  knowledge  of any  default
         (other than a default in payment to the  Certificate  Administrator)  unless a Responsible  Officer of the
         Certificate  Administrator  assigned to working in the Corporate Trust Office obtains actual  knowledge of
         such failure or event or any officer of the  Certificate  Administrator  receives  written  notice of such
         failure or event at its  Corporate  Trust  Office and in the  absence of receipt of such  notice or actual
         knowledge,  the Certificate  Administrator  may  conclusively  assume that there is no default or Event of
         Default;

                  (vi)     No  provision  in  this  Agreement   shall  require  the  Trustee  or  the   Certificate
         Administrator to expend or risk its own funds (including,  without  limitation,  the making of any Advance
         by the Trustee as a successor  Master  Servicer) or otherwise  incur any personal  financial  liability in
         the  performance  of any of its  duties as  Trustee  or  Certificate  Administrator  hereunder,  or in the
         exercise  of any of its  rights or powers,  if the  Trustee or the  Certificate  Administrator  shall have
         reasonable  grounds for  believing  that  repayment  of 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 or the Certificate  Administrator  to perform,  or be responsible for the
         manner or  performance  of, any of the  obligations  of a  Servicer  under this  Agreement,  except,  with
         respect to the Master  Servicer,  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  predecessor  Master  Servicer  in
         accordance with the terms of this Agreement; and

                  (vii)    Neither the  Certificate  Administrator  nor the Trustee shall have a duty (A) to see to
         any  recording,  filing,  or  depositing  of this  Agreement  or any  agreement  referred to herein or any
         financing  statement or  continuation  statement,  or to see to the  maintenance  of any such recording or
         filing or depositing or to any  rerecording,  refiling or redepositing  of any thereof,  (B) to see to any
         insurance,  or (C) to see to the  payment  or  discharge  or any tax,  assessment,  or other  governmental
         charge or any lien or  encumbrance  of any kind owing with  respect to,  assessed or levied  against,  any
         part of the Trust Estate other than from funds available in the Certificate Account.

                                                             109

                  Section 9.02      Certain Matters Affecting the Trustee and Certificate Administrator.

                  Except as otherwise provided in Section 9.01:

                  (i)      Each of the  Trustee  and the  Certificate  Administrator  may request and rely upon and
         shall be  protected  in acting or  refraining  from acting  upon any  resolution,  Officer's  Certificate,
         certificate  of  auditors  or any other  certificate,  statement,  instrument,  opinion,  report,  notice,
         request,  consent, order,  appraisal,  bond or other paper or document believed by it to be genuine and to
         have been signed or presented by the proper parties;

                  (ii)     Each of the Trustee and the Certificate  Administrator  may consult with counsel and any
         advice or 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 advice or
         Opinion of Counsel;

                  (iii)    Neither the Trustee nor the Certificate  Administrator  shall be under any obligation to
         exercise any of the trusts 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,  pursuant to the provisions of this Agreement,  unless such  Certificateholders  shall
         have offered to the Trustee or the Certificate  Administrator,  as the case may be, reasonable security or
         indemnity against the costs,  expenses and liabilities  which may be incurred therein or thereby;  nothing
         contained herein shall,  however,  relieve the Trustee of the obligation,  upon the occurrence of an Event
         of  Default  of which a  Responsible  Officer  shall have  actual  knowledge  (which has not been cured or
         waived),  to exercise  such of the rights and powers vested in it by this  Agreement,  and to use the same
         degree  of care  and  skill in their  exercise  as a  prudent  person  would  exercise  or use  under  the
         circumstances in the conduct of such person's own affairs;

                  (iv)     Neither the Trustee nor the  Certificate  Administrator  shall 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 an  Event  of  Default  hereunder  of  which a  Responsible
         Officer  of the  Trustee  shall  have  actual  knowledge  and after the curing or waiving 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 so to do
         by Holders of Certificates of any Class evidencing,  as to such Class,  Percentage  Interests  aggregating
         not less than 50%; 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 expense or liability
         or payment of such estimated expenses as a condition to so proceeding;

                                                             110

                  (vi)     Prior to the  occurrence  of an Event of  Default  hereunder  and  after  the  curing or
         waiving of all Events of Default  which may have  occurred,  the  Certificate  Administrator  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 so to do by Holders of Certificates of any Class evidencing,  as
         to such  Class,  Percentage  Interests  aggregating  not less than  50%;  provided,  however,  that if the
         payment within a reasonable time to the Certificate  Administrator  of the costs,  expenses or liabilities
         likely to be incurred  by it in the making of such  investigation  is, in the  opinion of the  Certificate
         Administrator,  not reasonably assured to the Certificate  Administrator by the security afforded to it by
         the terms of this Agreement,  the Certificate  Administrator may require reasonable indemnity against such
         expense or liability or payment of such estimated expenses as a condition to so proceeding; and

                  (vii)    The  right  of  the  Trustee   and  the   Certificate   Administrator   to  perform  any
         discretionary  act  enumerated  in this  Agreement  shall not be  construed  as a duty,  and  neither  the
         Certificate  Administrator  nor the Trustee  shall be  answerable  for other than it negligence or willful
         misconduct in the performance of such act;

                  (viii)   Neither  the  Trustee nor the  Certificate  Administrator  shall be required to give any
         bond or surety in respect of the execution of the Trust created  hereby or the powers  granted  hereunder;
         and

                  (ix)     The  Certificate  Administrator  and 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 or the
         Custodian or any other  custodian or nominee,  and neither the Trustee nor the  Certificate  Administrator
         shall be  responsible  for any  misconduct or  negligence  on the part of (1) any such agent,  attorney or
         custodian appointed by them with due care, or (2) the Custodian.

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                  Section 9.03      Neither  Trustee nor  Certificate  Administrator  Liable for  Certificates  or
Mortgage  Loans.  The recitals  contained  herein and in the  Certificates  (other than the  execution  of, and the
authentication  of, the  Certificates  by the Trustee)  shall not be taken as the  statements of the Trustee or the
Certificate  Administrator,  and neither the Trustee nor the Certificate  Administrator assumes  responsibility for
their  correctness.  Neither the Trustee nor the  Certificate  Administrator  makes any  representations  as to the
validity or sufficiency of this  Agreement or of the  Certificates  or any Mortgage Loans save that the Trustee and
the  Certificate  Administrator  represent  that,  assuming due execution and delivery by the other parties hereto,
this  Agreement  has been duly  authorized,  executed and  delivered  by it and  constitutes  its legal,  valid and
binding  obligation,  enforceable  against it in  accordance  with its terms,  subject  to  applicable  insolvency,
receivership,  moratorium and other laws affecting the rights of creditors generally,  and to general principles of
equity and the  discretion  of the court  (regardless  of whether  considered in a proceeding in equity or at law).
Neither the Trustee nor the  Certificate  Administrator  shall be  accountable  for the use or  application  by the
Depositor of funds paid to the Depositor in  consideration  of the  assignment of the Mortgage  Loans  hereunder by
the Depositor,  or for the use or application of any funds paid to  Subservicers  or any Servicer in respect of the
Mortgage  Loans or  deposited  into a Servicer  Custodial  Account,  the  Collection  Account or any other  account
hereunder (other than the Certificate Account) by the Master Servicer or a Servicer.

                  Neither the Trustee nor the Certificate  Administrator  shall at any time have any responsibility
or liability  for or with respect to the  legality,  validity  and  enforceability  of any Mortgage or any Mortgage
Loan, or the  perfection  and priority of any Mortgage or the  maintenance  of any such  perfection and priority or
for or with  respect  to the  sufficiency  of the Trust  Estate 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 a  predecessor  Master  Servicer  pursuant  to Section  8.05 and
thereupon  only for the acts or  omissions  of the  Trustee as  successor  Master  Servicer);  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 a
predecessor  Master  Servicer  pursuant to Section 8.05 and thereupon only for the acts or omissions of the Trustee
as successor  Master  Servicer);  the  compliance by the Depositor,  the Master  Servicer or the Servicers with any
warranty  or  representation  made under this  Agreement  or in any related  document  or the  accuracy of any such
warranty or  representation;  any investment of monies by or at the direction of the Master  Servicer or a Servicer
or any loss resulting  therefrom,  it being  understood  that the Trustee and the Certificate  Administrator  shall
remain  responsible  for any part of the Trust Estate that either party may hold in its  individual  capacity;  the
acts or omissions of any of the Depositor,  the Master  Servicer (other than if the Trustee shall assume the duties
of a  predecessor  Master  Servicer  pursuant to Section 8.05 and  thereupon  only for the acts or omissions of the
Trustee as successor Master  Servicer),  any Servicer,  any Subservicer or any Mortgagor;  any action of the Master
Servicer (other than if the Trustee shall assume the duties of a predecessor  Master  Servicer  pursuant to Section
8.05 and thereupon  only for the acts or omissions of the Trustee as successor  Master  Servicer),  any Servicer or
any  Subservicer  taken in the name of the  Trustee or the  Certificate  Administrator;  the  failure of the Master
Servicer,  any Servicer or any  Subservicer to act or perform any duties  required of it as agent of the Trustee or
the Certificate  Administrator  hereunder;  or any action by the Trustee or the Certificate  Administrator taken at
the instruction of the Master  Servicer (other than if the Trustee shall assume the duties of a predecessor  Master
Servicer  pursuant to Section 8.05 and thereupon only for the acts or omissions of the Trustee as successor  Master
Servicer) or any Servicer;  provided,  however, that the foregoing shall not relieve the Trustee or the Certificate
Administrator of its obligation to perform its duties under this Agreement.

                                                             112

                  Section 9.04      Trustee  and  Certificate  Administrator  May  Own  Certificates.  Each  of the
Trustee and the  Certificate  Administrator  in their  individual or any other  capacities  may become the owner or
pledgee of  Certificates  with the same  rights it would have if it were not Trustee or  Certificate  Administrator
and may  otherwise  deal with the  Master  Servicer,  any  Servicer,  any  Subservicer  or any of their  respective
affiliates with the same right it would have if it were not the Trustee or the Certificate Administrator.

                  Section 9.05      Eligibility Requirements for Trustee,  Certificate  Administrator.  Each of the
Trustee and the  Certificate  Administrator  hereunder  shall at all times be (a) an  institution  the  deposits of
which are fully  insured by the FDIC and (b) a corporation  or banking  association  organized  and doing  business
under the laws of the United States of America or of any State,  authorized  under such laws to exercise  corporate
trust powers,  having a combined  capital and surplus of not less than  $50,000,000  and subject to  supervision or
examination  by  Federal  or State  authority  and (c) with  respect  to every  successor  trustee  or  certificate
administrator  hereunder  either an institution (i) the long-term  unsecured debt obligations of which are rated at
least "A" by Fitch and S&P and "A2" by  Moody's or (ii) whose  serving  as  Trustee  or  Certificate  Administrator
hereunder would not result in the lowering of the ratings  originally  assigned to any Class of  Certificates.  The
Trustee shall not be an affiliate of the Depositor,  the Master  Servicer or any Servicer.  If such  corporation or
banking  association  publishes  reports of condition at least annually,  pursuant to law or to the requirements of
the  aforesaid  supervising  or  examining  authority,  then for the purposes of this  Section  9.05,  the combined
capital and surplus of such  corporation  or banking  association  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 or the
Certificate  Administrator  shall cease to be eligible in accordance  with the provision of this Section 9.05,  the
Trustee or the Certificate  Administrator,  as the case may be, shall resign immediately in the manner and with the
effect specified in Section 9.06. The Certificate  Administrator  and any successor  Certificate  Administrator may
not be the  Depositor  or an affiliate of the  Depositor,  or an  originator,  the Master  Servicer,  a Servicer or
Subservicer of the Mortgage Loans, unless the Certificate Administrator is an institutional trust department.

                  Section 9.06      Resignation  and  Removal of Trustee  and the  Certificate  Administrator.  The
Trustee may at any time resign and be discharged  from the trust hereby  created by giving  written  notice thereof
to the Depositor, the Certificate  Administrator,  the Master Servicer and the Servicers and mailing a copy of such
notice to all Holders of record.  The  Certificate  Administrator  may at any time resign  (including in connection
with the  resignation or termination of the Master  Servicer) by giving written notice thereof to the Trustee,  the
Master  Servicer and the  Depositor  and mailing a copy of such notice to all Holders of record;  provided that any
resignation  and  removal  of the  Certificate  Administrator  shall not be  effective  unless and until the Master
Servicer  resigns  and is  removed  in  accordance  with  Section  7.04  hereof.  The  Trustee  or the  Certificate
Administrator,  as applicable,  shall also mail a copy of such notice of  resignation  to each Rating Agency.  Upon

                                                             113

receiving  such notice of  resignation,  the  Depositor  shall use its best efforts to promptly  appoint a mutually
acceptable  successor Trustee or Certificate  Administrator,  as applicable,  by written instrument,  in duplicate,
one copy of which  instrument  shall be  delivered  to the  resigning  Trustee  or  Certificate  Administrator,  as
applicable,  and one copy to the successor  Trustee or Certificate  Administrator,  as applicable.  If no successor
Trustee or  Certificate  Administrator,  as the case may be, shall have been so appointed  and shall have  accepted
appointment  within 30 days after the giving of such notice of  resignation,  the resigning  Trustee or Certificate
Administrator  may petition any court of  competent  jurisdiction  for the  appointment  of a successor  Trustee or
Certificate Administrator.

                  If (i) at any time the  Trustee or the  Certificate  Administrator  shall cease to be eligible in
accordance  with the  provisions  of Section  9.05 and shall fail to resign  after  written  request  therefor by a
Servicer,  (ii) at any time the Trustee or the  Certificate  Administrator  shall become  incapable  of acting,  or
shall be  adjudged a bankrupt  or  insolvent,  or a  receiver  or  conservator  of the  Trustee or the  Certificate
Administrator  or of their  respective  property  shall be  appointed,  or any public  officer shall take charge or
control of the  Trustee  or the  Certificate  Administrator  or of their  respective  property  or affairs  for the
purpose of  rehabilitation,  conservation  or  liquidation,  (iii) the  Certificate  Administrator  fails to timely
comply with Article XII, or (iv) the  Certificate  Administrator  is the Master  Servicer,  and a successor  master
servicer  is  appointed  pursuant to Section  7.05 or Sections  8.01 and 8.05,  then the  Depositor  may remove the
Trustee or the  Certificate  Administrator,  as the case may be, and  appoint a  successor  Trustee or  Certificate
Administrator by written instrument,  in duplicate,  one copy of which instrument shall be delivered to the Trustee
or the Certificate Administrator, as applicable, so removed and one copy to the successor.

                  The Holders of  Certificates  evidencing  not less than 50% of the Voting  Rights may at any time
remove the  Trustee or the  Certificate  Administrator  by  written  instrument  or  instruments  delivered  to the
Servicers and the Trustee or the Certificate  Administrator,  as applicable;  the Depositor shall thereupon use its
best efforts to appoint a mutually acceptable successor Trustee or Certificate  Administrator,  as the case may be,
in accordance with this Section 9.06.

                  Any  resignation  or removal of the Trustee or  Certificate  Administrator  and  appointment of a
successor  Trustee or successor  Certificate  Administrator  pursuant to any of the provisions of this Section 9.06
shall become  effective upon acceptance of appointment by the successor  Trustee or Certificate  Administrator,  as
the case may be, as  provided  in  Section  9.07.  Notwithstanding  the  foregoing,  in the  event the  Certificate
Administrator  advises the Trustee that it is unable to continue to perform its  obligations  pursuant to the terms
of this  Agreement  prior to the  appointment  of a  successor,  the Trustee  shall be  obligated  to perform  such
obligations  until a new Certificate  Administrator is appointed.  Such performance  shall be without  prejudice to
any claim by a party hereto or beneficiary  hereof  resulting from the  Certificate  Administrator's  breach of its
obligations  hereunder.  As  compensation  therefore,  the Trustee  shall be  entitled to all fees the  Certificate
Administrator would have been entitled to if it had continued to act hereunder.

                                                             114

                  Section 9.07      Successor  Trustee  or  Certificate  Administrator.  Any  successor  Trustee or
successor Certificate  Administrator  appointed as provided in Section 9.06 shall execute,  acknowledge and deliver
to the  Depositor  and to its  predecessor  Trustee or  Certificate  Administrator,  as  applicable,  an instrument
accepting  such  appointment  hereunder,  and thereupon the  resignation or removal of the  predecessor  Trustee or
Certificate  Administrator shall become effective and such successor Trustee or Certificate  Administrator,  as the
case may be,  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 or
Certificate  Administrator,  as applicable,  herein.  The predecessor  Trustee or Certificate  Administrator  shall
duly assign,  transfer,  deliver and pay over to the successor  Trustee or Certificate  Administrator,  as the case
may be, all related  documents and  statements,  and money and other  property held by it hereunder,  together with
all instruments of transfer and assignment or other documents  properly  executed as may be reasonably  required to
effect  such  transfer  and such of the  records  or  copies  thereof  maintained  by the  predecessor  Trustee  or
Certificate  Administrator in the administration  hereof as may be reasonably requested by the successor Trustee or
Certificate  Administrator,  as  the  case  may  be,  and  shall  thereupon  be  discharged  from  all  duties  and
responsibilities  under  this  Agreement;  provided,  however,  that  if the  predecessor  Trustee  or  Certificate
Administrator has been terminated  pursuant to the third paragraph of Section 9.06, all reasonable  expenses of the
predecessor Trustee or Certificate  Administrator  incurred in complying with this Section 9.07 shall be reimbursed
by the Trust.

                  No successor Trustee or Certificate  Administrator  shall accept  appointment as provided in this
Section 9.07 unless at the time of such appointment  such successor  Trustee or Certificate  Administrator,  as the
case may be, shall be eligible under the provisions of Section 9.05.

                  Upon  acceptance  of  appointment  by  a  successor  Trustee  or  Certificate  Administrator,  as
applicable,  as provided in this Section 9.07, the Certificate  Administrator shall cooperate to mail notice of the
succession  of such  Trustee  or  Certificate  Administrator,  as the  case may be,  hereunder  to all  Holders  of
Certificates at their addresses as shown in the Certificate Register and to each Rating Agency.

                  Section 9.08      Merger or  Consolidation  of  Trustee  or the  Certificate  Administrator.  Any
corporation or banking  association  into which either the Trustee or the Certificate  Administrator  may be merged
or converted or with which it may be  consolidated,  or any corporation or banking  association  resulting from any
merger,  conversion or  consolidation  to which the Trustee or the Certificate  Administrator  shall be a party, or
any corporation or banking  association  succeeding to all or substantially  all of the corporate trust business of
the  Trustee  or  the  Certificate  Administrator,  shall  be  the  successor  of the  Trustee  or the  Certificate
Administrator,  as  applicable,  hereunder,  if such  corporation  or banking  association  is  eligible  under the
provisions of Section  9.05,  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 9.09      Appointment  of  Co-Trustee  or Separate  Trustee.  Notwithstanding  any of the
provisions  hereof,  at any time, for the purpose of meeting any legal  requirements  of any  jurisdiction in which
any  Mortgaged  Property may at the time be located or for any other  reason,  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 as  co-trustee or separate  trustee of all or any part of the Trust Estate,  and to vest in

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such Persons,  in such capacity,  such title to the Trust Estate,  or any part thereof,  and,  subject to the other
provision of this Section 9.09,  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 ten days after the receipt by it of a request to do so, the Trustee  alone shall have the power
to make such  appointment.  No  co-trustee  or separate  trustee  hereunder  shall be required to meet the terms of
eligibility as a successor  Trustee under Section 9.05 and no notice to Holders of  Certificates of the appointment
of a co-trustee or a separate trustee shall be required under Section 9.07.

                  In the case of any  appointment  of a  co-trustee  or separate  trustee  pursuant to this Section
9.09,  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,  except to
the extent that under any law of any  jurisdiction  in which any particular  acts are to be performed,  the Trustee
shall be  incompetent  or  unqualified  to  perform  such acts,  in which  event such  rights,  powers,  duties and
obligations  (including the holding of title to the Trust Estate 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.  No
trustee  hereunder  shall  be held  personally  liable  by  reason  of any act or  omission  of any  other  trustee
hereunder;  provided,  however, that no appointment of a co-trustee or separate trustee hereunder shall relieve the
Trustee of its obligations hereunder.

                  Any notice,  request or other  writing given to the Trustee shall be deemed to have been given to
each of the then separate  trustees and  co-trustees,  as effectively as if given to each of them. Every instrument
appointing  any separate  trustee or co-trustee  shall refer to this  Agreement and the  conditions of this Article
IX. Each separate  trustee and co-trustee,  upon its acceptance of the trusts  conferred,  shall be vested with the
estates or property specified in its instrument of appointment,  either jointly with the Trustee or separately,  as
may be provided therein,  subject to all the provisions of this Agreement,  specifically  including every provision
of this  Agreement  relating to the  conduct of,  affecting  the  liability  of, or  affording  protection  to, the
Trustee.  Every such instrument shall be filed with the Trustee.

                  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
become incapable of acting,  resign or be removed,  or shall be adjudged a bankrupt or insolvent,  or a receiver of
its property  shall be appointed,  or any public officer shall take charge or control of such trustee or co-trustee
or of its property or affairs for the purpose of rehabilitation,  conservation or liquidation,  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.  The Trustee may, at any time,  accept the resignation
of or remove any separate trustee or co-trustee.

                  Section 9.10      Authenticating  Agents.  The Certificate  Administrator may appoint one or more
authenticating  agents  ("Authenticating  Agents")  which shall be authorized  to act on behalf of the  Certificate
Administrator in  authenticating or  countersigning  Certificates.  Initially,  the  Authenticating  Agent shall be
U.S.  Bank  National  Association.  Wherever  reference  is  made  in  this  Agreement  to  the  authentication  or
countersigning of Certificates by the Certificate Administrator or the Certificate  Administrator's  certificate of

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authentication  or  countersigning,  such reference shall be deemed to include  authentication or countersigning on
behalf of the Trustee by an Authenticating  Agent and a certificate of authentication or countersignature  executed
on behalf of the Trustee by an  Authenticating  Agent. Each  Authenticating  Agent must be a corporation or banking
association  organized and doing business under the laws of the United States of America or of any State,  having a
combined  capital  and  surplus of at least  $15,000,000,  authorized  under such laws to do a trust  business  and
subject to supervision or examination by Federal or State authorities.

                  Any  corporation  or banking  association  into which any  Authenticating  Agent may be merged or
converted or with which it may be  consolidated,  or any  corporation  or banking  association  resulting  from any
merger,  conversion or  consolidation  to which any  Authenticating  Agent shall be a party,  or any corporation or
banking association  succeeding to the corporate agency business of any Authenticating  Agent, shall continue to be
the  Authenticating  Agent  without  the  execution  or filing of any paper or any  further  act on the part of the
Trustee or the Authenticating Agent.

                  Any  Authenticating  Agent may at any time resign by giving  written notice of resignation to the
Trustee,  the Certificate  Administrator  and the Master Servicer.  The Certificate  Administrator  may at any time
terminate the agency of any  Authenticating  Agent by giving written  notice of termination to such  Authenticating
Agent,  the Certificate  Registrar and the Master  Servicer.  Upon receiving a notice of resignation or upon such a
termination,  or in case, at any time any  Authenticating  Agent shall cease to be eligible in accordance  with the
provisions  of this Section 9.10,  the  Certificate  Administrator  may appoint a successor  Authenticating  Agent,
shall give  written  notice of such  appointment  to the Master  Servicer  and the Trustee and shall mail notice of
such  appointment  to  all  Certificateholders.   Any  successor   Authenticating  Agent  upon  acceptance  of  its
appointment  hereunder  shall  become  vested  with all the  rights,  powers,  duties and  responsibilities  of its
predecessor  hereunder,  with like effect as if  originally  named as  Authenticating  Agent.  Each  Authenticating
Agent shall be entitled to the rights and benefits and immunities of this Article IX.

                  Section 9.11      Trustee's Fees and Expenses and Certificate  Administrator's Fees and Expenses.
 The Trustee,  as compensation for its services  hereunder,  shall be entitled to an annual fee in an amount agreed
upon between the Trustee and the Certificate  Administrator,  payable by the Certificate  Administrator  out of its
own funds and not out of any funds of the Trust  Estate.  The  Certificate  Administrator  will be  entitled to the
Certificate  Administrator  Fee for the  performance  of its activities  hereunder.  In addition,  the  Certificate
Administrator  will be entitled to all income and gain  realized from any  investment  of funds in the  Certificate
Account,  if any,  pursuant to Section 3.08, for the performance of its activities  hereunder.  The Trustee and the
Certificate  Administrator  and any  director,  officer,  employee  or agent  of the  Trustee  and the  Certificate
Administrator  shall be  indemnified  by the  Trust  and held  harmless  against  any loss,  liability  or  expense
(including  reasonable  attorney's  fees) (a) incurred in connection with (i) any claim or legal action relating to
this  Agreement  or  the  Certificates  or  (ii)  the  performance  of  any of  the  Trustee's  or the  Certificate
Administrator's  duties relating to this Agreement or the Certificates,  other than any loss,  liability or expense
incurred  by reason of  willful  misfeasance,  bad faith or  negligence  in the  performance  of any of its  duties
hereunder,  (b) resulting  from any tax or  information  return which was prepared by, or should have been prepared
by, the  Servicers  or (c) arising out of the transfer of any Private  Certificate  not in  compliance  with ERISA.
Notwithstanding  anything in this  Agreement  to the  contrary,  the Trustee  shall not be liable for any  special,

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indirect  or  consequential  damages  (including  but not  limited to lost  profits),  even if the Trustee has been
advised  of the  likelihood  of such loss or damage and  regardless  of the form of action.  Such  indemnity  shall
survive  the  termination  of  this  Agreement  or the  resignation  or  removal  of  the  Trustee  or  Certificate
Administrator,  as  applicable,  hereunder.  Without  limiting the  foregoing,  except as otherwise  agreed upon in
writing by the Depositor and the Trustee or the Certificate  Administrator,  as applicable, and except for any such
expense,  disbursement  or advance as may arise from the Trustee's or the Certificate  Administrator's  negligence,
bad faith or willful  misconduct,  the Trust shall reimburse the Trustee and the Certificate  Administrator for all
reasonable expenses,  disbursements and advances incurred or made by the Trustee or the Certificate  Administrator,
as  applicable,  in accordance  with any of the  provisions of this  Agreement to the extent  permitted by Treasury
Regulations  Section  1.860G-1(b)(3)(ii)  and (iii).  Except as otherwise provided herein,  neither the Trustee nor
the  Certificate  Administrator  shall be entitled to payment or  reimbursement  for any routine  ongoing  expenses
incurred by the Trustee or the Certificate  Administrator,  as applicable,  in the ordinary course of its duties as
Trustee or Certificate Administrator, Certificate Registrar or paying agent hereunder or for any other expenses.

                  Section 9.12      [Reserved].

                  Section 9.13      [Reserved].

                  Section 9.14      Limitation of Liability.  The Certificates are executed by the Trustee,  not in
its individual  capacity but solely as Trustee of the Trust, in the exercise of the powers and authority  conferred
and vested in it by this  Agreement.  Each of the  undertakings  and agreements  made on the part of the Trustee in
the  Certificates  is made and intended not as a personal  undertaking  or agreement by the Trustee but is made and
intended for the purpose of binding only the Trust.

                  Section 9.15      Trustee May Enforce Claims Without  Possession of  Certificates.  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
preceding  instituted by the Trustee  shall be brought in its own name or in its capacity as Trustee.  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.

                  Section 9.16      Suits for  Enforcement.  In case an Event of  Default  or other  default by the
Master Servicer,  any Servicer or the Depositor  hereunder of which a Responsible Officer of the Trustee shall have
actual  knowledge  shall  occur and be  continuing,  the  Trustee,  in its  discretion,  may proceed to protect and
enforce  its rights and the  rights of the  Holders of  Certificates  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,  shall deem
most effectual to protect and enforce any of the rights of the Trustee and the Certificateholders.

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                  Section 9.17      Waiver  of  Bond   Requirement.   Each  of  the  Trustee  and  the  Certificate
Administrator shall be relieved of, and each  Certificateholder  hereby waives, any requirement of any jurisdiction
in which the Trust Estate,  or any part thereof,  may be located that the Trustee or the Certificate  Administrator
post a bond or other surety with any court, agency or body whatsoever.

                  Section 9.18      Waiver  of  Inventory,  Accounting  and  Appraisal  Requirement.  Each  of  the
Trustee and the  Certificate  Administrator  shall be relieved of, and each  Certificateholder  hereby waives,  any
requirement of any  jurisdiction  in which the Trust Estate,  or any part thereof,  may be located that the Trustee
or the Certificate  Administrator  file any inventory,  accounting or appraisal of the Trust Estate with any court,
agency or body at any time or in any manner whatsoever.

                                                     ARTICLE X

                                                    TERMINATION

                  Section 10.01     Termination  upon  Purchase  by the  Master  Servicer  or  Liquidation  of All
Mortgage Loans.  Subject to Section 10.02, the respective  obligations and  responsibilities of the Depositor,  the
Master  Servicer,  the Servicers,  the  Certificate  Administrator  and the Trustee  created hereby (other than the
obligation  of  Certificate   Administrator  to  make  certain  payments  to  Certificateholders  after  the  Final
Distribution  Date and to send certain  notices as hereinafter  set forth and the  obligations  of the  Certificate
Administrator  pursuant to Sections  5.04(b) and 5.05(b)) shall terminate upon the last action required to be taken
by the Certificate  Administrator on the Final  Distribution  Date pursuant to this Article X following the earlier
of (a) the  purchase by U.S.  Bank (or a successor  Master  Servicer  thereto)  of all  Mortgage  Loans and all REO
Property  remaining in the Trust Estate at a price equal to the sum of (i) 100% of the Stated Principal  Balance of
each  Mortgage  Loan (other than any Mortgage Loan as to which REO Property has been acquired and whose fair market
value is  included  pursuant  to  clause  (ii)  below)  and (ii) the fair  market  value of such REO  Property  (as
determined  by such  Servicer 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  Certificateholders  pursuant to the fourth paragraph of this
Article  X),  plus any Class  Unpaid  Interest  Shortfall  for any  Class of  Certificates  as well as one  month's
interest at the related  Mortgage  Interest Rate on the Stated  Principal  Balance of each Mortgage Loan (including
any Mortgage  Loan as to which REO Property has been  acquired) or (b) the final payment or other  liquidation  (or
any advance with respect  thereto) of the last Mortgage Loan  remaining in the Trust Estate or the  disposition  of
all REO Property.

                  Regardless of 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.

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                  The  right of U.S.  Bank (or a  successor  Master  Servicer  thereto)  to  repurchase  all of the
Mortgage Loans is conditioned upon the Pool Stated Principal  Balance as of the Final  Distribution Date being less
than 5% of the Cut-off Date Pool  Principal  Balance.  If such right is exercised,  the Custodian  shall,  promptly
following  payment of the purchase  price,  release to U.S. Bank or its designee the Mortgage  Files  pertaining to
the Mortgage Loans being purchased.

                  Notice of any  termination,  specifying the Final  Distribution  Date (which shall be a date that
would otherwise be a Distribution Date) upon which the  Certificateholders  may surrender their Certificates to the
Certificate  Administrator for payment of the final  distribution and for cancellation,  shall be given promptly by
U.S. Bank (if exercising  its right to purchase the assets of the Trust) or by the  Certificate  Administrator  (in
any other case) by letter to  Certificateholders  mailed not earlier  than the 15th day and not later than the 20th
day of the month next preceding the month of such final  distribution  specifying  (1) the Final  Distribution Date
upon which final payment of the  Certificates  will be made upon  presentation and surrender of Certificates at the
office or agency of the  Certificate  Administrator  therein  designated,  (2) the amount of any such final payment
and (3) that the Record Date  otherwise  applicable to such  Distribution  Date is not  applicable,  payments being
made  only upon  presentation  and  surrender  of the  Certificates  at the  office  or  agency of the  Certificate
Administrator therein specified.  If U.S. Bank is obligated to give notice to  Certificateholders as aforesaid,  it
shall give such notice to the Trustee, each Servicer,  the Certificate  Administrator and the Certificate Registrar
at the time such  notice is given to  Certificateholders.  In the event  such  notice is given by U.S.  Bank,  U.S.
Bank shall deposit in the  Certificate  Account at least one Business Day prior to the Final  Distribution  Date in
immediately  available funds an amount equal to the amount necessary to make the amount,  if any, on deposit in the
Certificate  Account on the Final  Distribution  Date equal to the  purchase  price for the  related  assets of the
Trust  computed as above  provided  together with a statement as to the amount to be  distributed  on each Class of
Certificates pursuant to the next succeeding paragraph.

                  Upon presentation and surrender of the Certificates,  the Certificate  Administrator  shall cause
to be distributed to  Certificateholders  of each Class, to the extent that funds are sufficient  therefor,  in the
order set forth in Section  5.02 hereof,  on the Final  Distribution  Date and in  proportion  to their  respective
Percentage  Interests,  with  respect to  Certificateholders  of the same Class,  an amount equal to (I) as to each
Class of  Certificates,  the Class  Certificate  Balance  thereof plus accrued  interest  thereon in the case of an
interest  bearing  Certificate and (II) as to the Class 1-A-R  Certificates,  the amounts,  if any, which remain on
deposit in the Upper-Tier  Certificate  Account (other than the amounts retained to meet claims) after  application
pursuant to clause (I) above.

                  If all of the  Certificateholders  do not  surrender  their  Certificates  for final  payment and
cancellation on or before the Final Distribution Date, the Certificate  Administrator  shall on such date cause all
funds in the Certificate  Account not distributed in final  distribution  to  Certificateholders  to continue to be
held by the Certificate  Administrator  in an Eligible Account for the benefit of such  Certificateholders  and the
Servicers (if it exercised its right to purchase the assets of the Trust Estate) or the  Certificate  Administrator

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(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 one year after
the  second  notice  all the  Certificates  shall not have  been  surrendered  for  cancellation,  the  Certificate
Administrator  may take  appropriate  steps,  or may  appoint an agent to take  appropriate  steps,  to contact the
remaining  Certificateholders  concerning  surrender of their Certificates,  and the cost thereof shall be paid out
of the funds on deposit in such Eligible Account.

                  Section 10.02     Additional Termination Requirements.

                  (a)      If U.S.  Bank  exercises  its purchase  option as provided in Section  10.01,  the Trust
shall  be  terminated  in  accordance  with  the  following   additional   requirements,   unless  the  Certificate
Administrator  and the Trustee  have  received an Opinion of Counsel to the effect that the failure of the Trust to
comply with the  requirements  of this Section 10.02 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 the Trust  Estate to fail to
qualify as two separate REMICs at any time that any Certificates are outstanding:

                  (i)      within 90 days prior to the Final  Distribution  Date set forth in the  notice  given by
         U.S. Bank under Section  10.01,  the Trustee shall sell all of the assets of the Trust Estate to U.S. Bank
         for cash; and

                  (ii)     the notice  given by U.S.  Bank or the  Certificate  Administrator  pursuant  to Section
         10.01 shall provide that such notice  constitutes  the adopting of a plan of complete  liquidation  of the
         Upper-Tier  REMIC and the  Lower-Tier  REMIC as of the date of such notice  (or,  if earlier,  the date on
         which such notice was mailed to  Certificateholders).  The  Certificate  Administrator  shall also specify
         such date in the final tax return of the Upper-Tier REMIC and Lower-Tier REMIC.

                  (b)      By their  acceptance of the Residual  Certificates,  the Holders thereof hereby agree to
take such other action in connection with such plan of complete  liquidation as may be reasonably  requested by the
Depositor, the Trustee or the Certificate Administrator.

                                                    ARTICLE XI

                                             MISCELLANEOUS PROVISIONS

                  Section 11.01     Amendment.  This  Agreement may be amended from time to time by the  Depositor,
the Master Servicer,  the Servicers,  the Certificate  Administrator  and the Trustee without the consent of any of
the  Certificateholders,  but if such amendment would adversely affect or add to the duties of the Custodian,  with
the consent of the  Custodian (i) to cure any ambiguity or mistake,  (ii) to correct or supplement  any  provisions
herein or therein which may be  inconsistent  with any other  provisions of this  Agreement,  any amendment to this
Agreement,  the Certificates or the related Prospectus Supplement,  (iii) to modify, eliminate or add to any of its
provisions  to such extent as shall be necessary  to maintain the  qualification  of the  Upper-Tier  REMIC and the
Lower-Tier  REMIC as REMICs at all times that any  Certificates are outstanding or to avoid or minimize the risk of
the  imposition  of any tax on either REMIC  pursuant to the Code that would be a claim  against the Trust  Estate,

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provided that (a) the Trustee and the Certificate  Administrator  have received an Opinion of Counsel to the effect
that such action is necessary or desirable to maintain such  qualification  or to avoid or minimize the risk of the
imposition  of any such tax and (b) such  action  shall not, as  evidenced  by such  Opinion of Counsel,  adversely
affect in any material respect the interests of any  Certificateholder,  (iv) to change the timing and/or nature of
deposits  into the  Certificate  Account  provided  that (a) such change  shall not, as  evidenced by an Opinion of
Counsel,  adversely  affect in any  material  respect the  interests of any  Certificateholder  and (b) such change
shall not adversely affect the then-current  rating of the Senior  Certificates,  the Class B-1  Certificates,  the
Class B-2  Certificates,  the Class B-3  Certificates,  the Class B-4 Certificates or the Class B-5 Certificates as
evidenced  by a letter  from any  Rating  Agency  rating  such  Certificates  to such  effect,  (v) to comply  with
Regulation  AB, and (vi) to make any other  provisions  with  respect to matters or  questions  arising  under this
Agreement  which shall not be materially  inconsistent  with the provisions of this  Agreement,  provided that such
action  pursuant  to this clause (vi) shall not, as  evidenced  by an Opinion of Counsel,  adversely  affect in any
material  respect the  interests  of any  Certificateholder,  provided  that the  amendment  shall not be deemed to
adversely  affect in any  material  respect the  interests of the  Certificateholders  and no Opinion of Counsel to
that effect  shall be required if the Person  requesting  the  amendment  obtains a letter from each Rating  Agency
stating that the  amendment  would not result in the  downgrading  or  withdrawal  of the  respective  ratings then
assigned to the  Certificates.  Notwithstanding  any contrary  provision of this  Agreement,  the Trustee shall not
consent to any  amendment to this  Agreement  for which  consent of the  Certificateholders  has not been  obtained
unless it shall have first  received  an Opinion of  Counsel  (subject  to Section  5.08 and at the  expense of the
party  seeking  such  amendment)  to the effect that such  amendment  or the  exercise of any power  granted to the
Master  Servicer,  the  Certificate  Administrator,  the Depositor or the Trustee in accordance with such amendment
will not result in the  imposition  of a federal tax on the Trust or cause any REMIC  created  hereunder to fail to
qualify as a REMIC at any time that any Certificate is outstanding.

                  This Agreement may also be amended from time to time by the Depositor,  the Master Servicer,  the
Servicers,  the Certificate  Administrator and the Trustee, with the consent of the Holders of Certificates of each
Class of  Certificates  which is affected by such  amendment,  evidencing,  as to each such Class of  Certificates,
Percentage  Interests  aggregating  not less than 66-2/3%,  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 such  Certificates;  provided,  however,  that no such amendment  shall (A) reduce in any manner the
amount of, or delay the timing of,  collections of payments on Mortgage Loans or  distributions  which are required
to be made on any  Certificate  without the consent of the Holder of such  Certificate  or (B) reduce the aforesaid
percentage  required to consent to any such amendment,  without the consent of the Holders of all Certificates then
Outstanding.

                  Prior  to the  solicitation  of  consent  of  Certificateholders  in  connection  with  any  such
amendment,  the party seeking such amendment  shall furnish the Trustee and the Certificate  Administrator  with an
Opinion of Counsel  stating  whether such amendment  would  adversely  affect the  qualification  of the Upper-Tier
REMIC or the  Lower-Tier  REMIC as REMICs and notice of the  conclusion  expressed in such Opinion of Counsel shall
be  included  with any such  solicitation.  An  amendment  made  with the  consent  of all  Certificateholders  and
executed in accordance  with this Section 11.01 shall be permitted or authorized by this Agreement  notwithstanding
that such Opinion of Counsel may conclude that such  amendment  would  adversely  affect the  qualification  of the
Upper-Tier REMIC or the Lower-Tier REMIC as REMICs.

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                  Prior to the  execution  of any  amendment  to this  Agreement,  the Trustee and the  Certificate
Administrator  shall be entitled to receive and rely upon an Opinion of Counsel  (which  shall not be an expense of
the Trust Estate)  stating that the  execution of such  amendment is  authorized  and permitted by this  Agreement.
Each of the  Certificate  Administrator  and the Trustee may,  but shall not be  obligated  to, enter into any such
amendment which adversely affects its own rights, duties and immunities under this Agreement.

                  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  requirements  as the  Certificate
Administrator may prescribe.

                  The Trustee shall give prompt  written  notice to the Custodian of any amendment or supplement to
this Agreement and shall furnish the Custodian with a written copy thereof.

                  Section 11.02     Recordation  of  Agreement.  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  servicing the related  Mortgage
Loans and at its  expense  on  direction  by the  Depositor,  who will act  solely at the  direction  of Holders of
Certificates  evidencing not less than 50% of all Voting Rights,  but only upon receipt of an Opinion of Counsel to
the effect that such recordation  materially and beneficially  affects the interests of  Certificateholders  (which
Opinion of Counsel shall not be at the expense of the Depositor).

                  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,   nor   entitle   such
Certificateholder's  legal  representatives  or heirs to claim an  accounting or to take any action or commence any
proceeding in any court for a partition or winding up of the Trust,  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 provided  herein) 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 or by availing  itself of any provisions of
this  Agreement to institute  any suit,  action or  proceeding in equity or at law upon or under or with respect to
this Agreement,  unless such Holder  previously  shall have given to the Trustee a written notice of default and of
the continuance  thereof,  as provided herein,  and unless also the Holders of Certificates  evidencing  Percentage
Interests  aggregating  not less than 25% of each Class of  Certificates  affected  thereby shall have made written

                                                             123

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 being  understood  and  intended,  and being  expressly  covenanted by each  Certificateholder  with every other
Certificateholder  and the Trustee,  that no one or more Holders of Certificates shall have any right in any manner
whatever by virtue or by availing  itself or themselves of any provisions of this  Agreement to affect,  disturb or
prejudice  the rights of the  Holders  of any other of the  Certificates,  or to obtain or seek to obtain  priority
over or preference  to any other such Holder,  or to enforce any right under this  Agreement,  except in the manner
herein  provided and for the 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.  THIS   AGREEMENT   SHALL  BE  GOVERNED  BY  AND  CONSTRUED  IN
ACCORDANCE  WITH THE LAWS OF THE  STATE OF NEW  YORK,  WITHOUT  APPLICATION  OF THE  CONFLICTS  OF LAWS  PROVISIONS
THEREOF (OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE GENERAL  OBLIGATIONS  LAW), 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,   instructions,   directions,   requests  and
communications  required to be delivered  hereunder shall be in writing and shall be deemed to have been duly given
if  personally  delivered at or mailed by  certified  mail,  return  receipt  requested,  to (a) in the case of the
Depositor,  Wachovia  Mortgage Loan Trust,  LLC, 301 S. College Street,  NC5578-Suite G, Charlotte,  NC 28288-5578,
Attention:  General Counsel and Chief Financial Officer,  (b) in the case of National City,  National City Mortgage
Co.,  3232  Newmark Dr.,  Miamisburg,  OH 45342,  Attention:  Mary Beth  Criswell,  (c) in the case of Fifth Third,
Fifth Third Bank, 5001 Kingsley  Drive,  Cincinnati,  Ohio 45263,  Attention:  Steve Johnson MD 1MOB2V,  (d) in the
case  of  SunTrust,  SunTrust  Mortgage,  Inc.,  1001  Semmes  Avenue,  Richmond,  VA  23224,  Attention:   Annette
Holman-Foreman,  (e) in the case of Wells Fargo, 1 Home Campus,  Des Moines,  Iowa 50328-0001,  Attention:  John B.
Brown,  MAC  X2302-033,  with a copy to General  Counsel,  MAC X2401-06T,  (f) in the case of the Master  Servicer,
2121 Cliff  Drive,  #205,  Eagan,  MN 55122,  Attention:  WMLT Series  2007-A,  (g) in the case of the  Certificate
Administrator,  at its Corporate Trust Office,  (h) in the case of the Trustee,  at its Corporate Trust Office, (i)
in the case of  Fitch,  Fitch  Ratings,  One State  Street  Plaza,  New York,  New York  10004,  Attn:  Residential
Mortgage  Surveillance  Group,  and (j) in the case of S&P,  Standard  and Poor's,  a division  of The  McGraw-Hill
Companies,  Inc., 55 Water Street,  New York, New York 10041,  Attn:  Mortgage  Surveillance  Group; or, as to each
party,  at such other  address as shall be designated  by such party in a written  notice to each other party.  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.

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                  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     Certificates    Nonassessable   and   Fully   Paid.   It   is   intended   that
Certificateholders  shall not be personally  liable for  obligations of the Trust,  that the  beneficial  ownership
interests  represented by the Certificates  shall be  nonassessable  for any losses or expenses of the Trust or for
any  reason  whatsoever,  and that  Certificates  upon  execution,  countersignature  and  delivery  thereof by the
Certificate Administrator pursuant to Section 6.01 are and shall be deemed fully paid.

                  Section 11.08     Access to List of  Certificateholders.  The Certificate  Registrar will furnish
or cause to be furnished  to the Trustee and the  Certificate  Administrator,  within 5 days after the receipt of a
request by the  Trustee  and/or the  Certificate  Administrator  in  writing,  a list,  in such form as the Trustee
and/or the Certificate  Administrator may reasonably require, of the names and addresses of the  Certificateholders
as of the most recent Record Date for payment of distributions to Certificateholders.

                  If three or more  Certificateholders  apply  in  writing  to the  Trustee,  and such  application
states that the applicants desire to communicate with other  Certificateholders  with respect to their rights under
this Agreement or under the  Certificates and is accompanied by a copy of the  communication  which such applicants
propose to transmit,  then the Trustee  shall,  within five  Business  Days after the receipt of such  application,
afford such applicants  access during normal business hours to the most recent list of  Certificateholders  held by
the  Trustee.  If such a list is as of a date more than 90 days prior to the date of  receipt  of such  applicants'
request,  the Trustee shall promptly  request from the Certificate  Registrar a current list as provided above, and
shall afford such applicants access to such list promptly upon receipt.

                  Every  Certificateholder,  by  receiving  and  holding  such list,  agrees  with the  Certificate
Registrar,  the Certificate  Administrator and the Trustee that neither the Certificate Registrar,  the Trustee nor
the Certificate  Administrator  shall be held accountable by reason of the disclosure of any such information as to
the names and addresses of the Certificateholders  hereunder,  regardless of the source from which such information
was derived.

                                                    ARTICLE XII

                                                1934 ACT REPORTING

                  Section 12.01     Commission Reporting.

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                  (a)      The Certificate  Administrator,  each Servicer and the Master Servicer shall  reasonably
cooperate with the Depositor in connection with the Trust's  satisfying the reporting  requirements  under the 1934
Act.  The  Certificate  Administrator  shall  prepare  on behalf of the  Depositor  any  Forms  8-K,  10-D and 10-K
customary  for similar  securities as required by the 1934 Act, and the  Depositor  shall sign and the  Certificate
Administrator shall file (via EDGAR) such forms on behalf of the Depositor.

                  (b)      Failure of a Servicer to timely  comply with this  Article XII  (including  with respect
to the time frames required in this Article) shall be deemed an Event of Default,  and the Master Servicer,  at the
direction  of the  Depositor,  shall,  in  addition  to  whatever  rights the Master  Servicer  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 such  Servicer  under this  Agreement and in and to the
Mortgage Loans and the proceeds thereof without  compensating  such Servicer for the same, and the Depositor shall,
in  accordance  with  Sections  8.01 and 8.05,  thereupon  appoint  a  successor  Servicer.  This  paragraph  shall
supersede any other provision in this Agreement or any other agreement to the contrary.

                  (c)      Failure of the Master  Servicer to timely comply with this Article XII  (including  with
respect to the time frames required in this Article) shall be deemed an Event of Default,  and the Trustee,  at the
direction of the  Depositor,  shall,  in addition to whatever  rights the Trustee may have under this Agreement and
at law or 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, and the Depositor shall, in
accordance with Sections 8.01 and 8.05,  appoint a successor  Master  Servicer.  This paragraph shall supersede any
other provision in this Agreement or any other agreement to the contrary.

                  (d)      If  the  Certificate  Administrator  fails  to  timely  comply  with  this  Article  XII
(including  with respect to the time frames  required in this Article),  the Trustee,  at the written  direction of
the  Depositor,  shall,  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 Certificate  Administrator  under this Agreement and in and to the Mortgage Loans
and the proceeds thereof without  compensating the Certificate  Administrator for the same, and the Depositor shall
thereupon  appoint a successor  Master Servicer  pursuant to Section 9.07. This paragraph shall supersede any other
provision in this Agreement or any other agreement to the contrary.

                  (e)      Each of the  parties  acknowledges  and agrees  that the  purpose  of Article  XII is to
facilitate  compliance  by the Depositor  with the  provisions of  Regulation  AB.  Therefore,  each of the parties
agrees that (i) the  obligations  of the parties  hereunder  shall be interpreted in such a manner as to accomplish
that purpose,  (ii) the parties'  obligations  hereunder will be supplemented and modified in writing, as agreed to
and executed by the parties hereto,  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 or
otherwise  in respect of the  requirements  of  Regulation  AB,  (iii) the parties  shall  comply  with  reasonable

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requests made by the Depositor,  the Master  Servicer or the Certificate  Administrator  for delivery of additional
information as the Depositor,  the Master Servicer or the  Certificate  Administrator  may reasonably  determine is
necessary  to comply  with the  provisions  of  Regulation  AB,  to the  extent  the  delivery  of such  additional
information is practicable  from a timing  perspective,  and (iv) no amendment of this Agreement  shall be required
to effect any such changes in the parties'  obligations  as are necessary to accommodate  evolving  interpretations
of the provisions of Regulation AB.

                  Section 12.02     Form 10-D Reporting.  Within 15 days after each  Distribution  Date (subject to
permitted  extensions  under the 1934 Act), the Certificate  Administrator  shall prepare and file on behalf of the
Trust any Form 10-D  required by the 1934 Act, in form and  substance as required by the 1934 Act. The  Certificate
Administrator  shall file each such Form 10-D with a copy of the related Monthly Statement  attached  thereto.  Any
disclosure in addition to the Monthly  Statement  that is required to be included on Form 10-D  ("Additional  Form
10-D  Disclosure")  shall be  reported  by the  parties  set forth on Exhibit S to the  Depositor  and  Certificate
Administrator and directed and approved by the Depositor pursuant to the following  paragraph,  and the Certificate
Administrator  will have no duty or liability  for any failure  hereunder  to  determine or prepare any  Additional
Form 10-D Disclosure, except as set forth in the next paragraph.

                  As set forth on Exhibit S hereto,  within two  Business  Days  after each  Distribution  Date for
which a Form 10-D is required to be filed,  (i) the parties set forth  thereon  shall be required to provide to the
Certificate   Administrator  and  the  Depositor,  to  the  extent  known  by  a  responsible  person  thereof,  in
EDGAR-compatible  form, or in such other form as otherwise  agreed upon by the Certificate  Administrator  and such
party,  the form and substance of any  Additional  Form 10-D  Disclosure  together  with an  additional  disclosure
notification  in the form of Exhibit U hereto (an  "Additional  Disclosure  Notification")  and (ii) the  Depositor
will approve,  as to form and substance,  or disapprove,  as the case may be, the inclusion of the Additional  Form
10-D  Disclosure on the related Form 10-D. The Depositor will be responsible  for any reasonable  fees and expenses
assessed or incurred by the  Certificate  Administrator  in  connection  with  including any  Additional  Form 10-D
Disclosure on Form 10-D pursuant to this paragraph.

                  At  least  eight  calendar  days  prior  to the  date a Form  10-D is due to be  filed  with  the
Commission (the "10-D Filing Deadline"),  the Certificate  Administrator shall forward  electronically a draft copy
of the Form 10-D to the  Depositor  for review.  Within two  calendar  days of receipt,  but in no event later than
the  sixth  calendar  day  prior  to  the  10-D  Filing  Deadline,  the  Depositor  shall  notify  the  Certificate
Administrator  of any changes to or approval  of such Form 10-D.  In the absence of receipt of any written  changes
or approval,  the Certificate  Administrator  shall be entitled to assume that such Form 10-D is in final form, and
the  Certificate  Administrator  shall deliver the Form 10-D to the Master  Servicer for  execution.  No later than
five calendar days prior to the 10-D Filing  Deadline,  a duly  authorized  representative  of the Master  Servicer
shall  sign the Form  10-D and  deliver  such  Form  10-D to the  Certificate  Administrator  for  filing  with the
Commission.  If a Form 10-D cannot be filed on time or if a  previously  filed Form 10-D needs to be  amended,  the

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Certificate  Administrator  will follow the procedures set forth in Section 12.05.  Promptly (but no later than one
Business Day) after filing with the Commission,  the Certificate  Administrator will make available on its internet
website a final  executed copy of each Form 10-D prepared and filed by the  Certificate  Administrator.  Each party
to this Agreement  acknowledges  that the performance by the Master Servicer and the Certificate  Administrator  of
its duties  under this  Section  12.02  related to the  timely  preparation,  execution  and filing of Form 10-D is
contingent upon such parties strictly  observing all applicable  deadlines in the performance of their duties under
this Section 12.02.  Neither the  Certificate  Administrator  nor the Master  Servicer shall have any liability for
any loss,  expense,  damage or claim  arising out of or with  respect to any failure to  properly  prepare,  timely
execute  and/or  timely  file such Form 10-D,  where such  failure  results  from the  Certificate  Administrator's
inability or failure to obtain or receive,  on a timely basis,  any information  from any other party hereto needed
to prepare,  arrange for execution or file such Form 10-D,  not  resulting  from its own  negligence,  bad faith or
willful misconduct.

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                  Section 12.03     Form 10-K  Reporting.  On or prior to March 1 of each year in which a Form 10-K
must be filed with respect to the Trust,  the Depositor will provide to the  Certificate  Administrator  a draft of
the first page of a Form 10-K that  includes the  information  regarding the Depositor and the Trust as approved by
the  Depositor  for  inclusion in the Form 10-K to be prepared by the  Certificate  Administrator  pursuant to this
Section  12.03.  Within 90 days  after the end of each  fiscal  year of the  Trust or such  earlier  date as may be
required  by the 1934 Act (the "10-K  Filing  Deadline")  (it being  understood  that the fiscal year for the Trust
ends on December  31st of each year) in which a Form 10-K is  required by the 1934 Act to be filed with  respect to
the Trust,  commencing in March 2008, the Certificate  Administrator  shall prepare and file on behalf of the Trust
a Form 10-K,  in form and  substance as required by the 1934 Act.  Each such Form 10-K shall  include the following
items, in each case to the extent they have been delivered to the Certificate  Administrator  within the applicable
time frames set forth in this Agreement and the related  Custodial  Agreement,  (i) the Item 1123  Certificate  for
each Servicer,  each Additional Servicer and the Master Servicer (each, a "Reporting  Servicer") as described under
Section 12.06,  (ii)(A) the Assessment of Compliance  with servicing  criteria for each Reporting  Servicer and any
Servicing  Function  Participant  as described  under Section  12.07,  and (B) if any  Reporting  Servicer's or any
Servicing  Function  Participant's  Assessment of Compliance  identifies  any material  instance of  noncompliance,
disclosure  identifying such instance of noncompliance,  or if any Reporting  Servicer's or any Servicing  Function
Participant's  Assessment  of  Compliance  is not  included as an exhibit to such Form 10-K,  disclosure  that such
report is not included and an explanation why such report is not included,  (iii)(A) the  Accountant's  Attestation
for each Reporting  Servicer and any Servicing Function  Participant,  as described under Section 12.08, and (B) if
any  Accountant's  Attestation  identifies any material  instance of  noncompliance,  disclosure  identifying  such
instance of  noncompliance,  or if any such  Accountant's  Attestation  is not  included as an exhibit to such Form
10-K,  disclosure that such report is not included and an explanation  why such report is not included,  and (iv) a
Sarbanes-Oxley   Certification   as  described  in  Section  12.09   (provided,   however,   that  the  Certificate
Administrator,  at its discretion, may omit from the Form 10-K any Item 1123 Certificate,  Assessment of Compliance
or  Accountants  Attestation  that is not required to be filed with such Form 10-K pursuant to Regulation  AB). Any
disclosure  or  information  in  addition  to (i)  through  (iv) above that is required to be included on Form 10-K
("Additional  Form 10-K  Disclosure")  shall be reported by the parties set forth on Exhibit V to the Depositor and
Certificate  Administrator and directed and approved by the Depositor pursuant to the following paragraph,  and the
Certificate  Administrator  will have no duty or  liability  for any failure  hereunder to determine or prepare any
Additional Form 10-K Disclosure, except as set forth in the next paragraph.

                  As set forth on  Exhibit V hereto,  no later  than March 1 of each year that the Trust is subject
to the 1934 Act reporting  requirements,  commencing  in 2008 (or March 15 with respect to the Master  Servicer and
the  Certificate  Administrator),  (i) the  parties  set forth on  Exhibit V shall be  required  to  provide to the
Certificate  Administrator  and  the  Depositor,  to  the  extent  known  by  a  responsible  officer  thereof,  in
EDGAR-compatible  form, or in such other form as otherwise  agreed upon by the Certificate  Administrator  and such
party,  the form and substance of any Additional Form 10-K Disclosure,  if applicable,  together with an Additional
Disclosure Notification and (ii) the Depositor will approve, as to form and substance,  or disapprove,  as the case
may be, the inclusion of the Additional  Form 10-K  Disclosure on Form 10-K. The Depositor will be responsible  for
any  reasonable  fees and  expenses  assessed or incurred  by the  Certificate  Administrator  in  connection  with
including any Additional Form 10-K Disclosure on Form 10-K pursuant to this paragraph.

                                                             129

                  After  preparing the Form 10-K, the  Certificate  Administrator  shall forward  electronically  a
draft copy of the Form 10-K to the Depositor  for review.  Within three  Business Days of receipt,  but in no event
later than March 23, the Depositor  shall notify the Certificate  Administrator  in writing (which may be furnished
electronically)  of any  changes to or  approval  of such Form  10-K.  In the  absence  of  receipt of any  written
changes or  approval  the  Certificate  Administrator  shall be  entitled to assume that such Form 10-K is in final
form.  No later  than the  close of  business  on the 4th  Business  Day  prior to the 10-K  Filing  Deadline,  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 Certificate  Administrator.  If a Form 10-K cannot
be filed on time or if a  previously  filed Form 10-K  needs to be  amended,  the  Certificate  Administrator  will
follow the procedures  set forth in Section  12.05.  Promptly (but no later than one (1) Business Day) after filing
with the Commission,  the Certificate  Administrator  will make available on its internet  website a final executed
copy of each  Form  10-K  prepared  and filed by the  Certificate  Administrator.  The  parties  to this  Agreement
acknowledge  that the  performance by the Master  Servicer and the  Certificate  Administrator  of its duties under
this Section 12.03 related to the timely  preparation  and filing of Form 10-K is contingent upon such parties (and
the Custodian,  Servicers and any Additional  Servicer or Servicing  Function  Participant)  strictly observing all
applicable  deadlines in the performance of their duties under Article XII.  Neither the Certificate  Administrator
nor the Master  Servicer  shall have any  liability  for any loss,  expense,  damage,  claim arising out of or with
respect to any failure to properly  prepare and/or timely file such Form 10-K,  where such failure results from the
Certificate  Administrator's  inability or failure to obtain or receive,  on a timely basis,  any information  from
any other party hereto  needed to prepare,  arrange for execution or file such Form 10-K,  not  resulting  from its
own negligence, bad faith or willful misconduct.

                  Section 12.04     Form 8-K  Reporting.  Within four (4) Business Days after the  occurrence of an
event  requiring  disclosure  on Form 8-K  (each  such  event,  a  "Reportable  Event"),  and if  requested  by the
Depositor,  the Certificate  Administrator  shall prepare and file on behalf of the Trust any Form 8-K, as required
by the 1934 Act,  provided  that the Depositor  shall file the initial Form 8-K in connection  with the issuance of
the  Certificates.  Any disclosure or information  related to a Reportable  Event or that is otherwise  required to
be included on Form 8-K ("Form 8-K Disclosure  Information")  shall be reported by the parties set forth on Exhibit
W to the Depositor and the  Certificate  Administrator  and directed and approved by the Depositor  pursuant to the
following  paragraph,  and the Certificate  Administrator  will have no duty or liability for any failure hereunder
to  determine  or prepare  any Form 8-K  Disclosure  Information  or any Form 8-K,  except as set forth in the next
paragraph.

                  As set forth on Exhibit W hereto,  for so long as the Trust is subject to the 1934 Act  reporting
requirements,  no later than the end of business (New York City time) on the 2nd Business Day after the  occurrence
of a  Reportable  Event (i) the  parties to this  transaction  shall be  required  to  provide  to the  Certificate
Administrator and the Depositor,  to the extent known by a responsible officer thereof,  in EDGAR-compatible  form,
or in such other form as  otherwise  agreed upon by the  Certificate  Administrator  and such  party,  the form and

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substance  of any  Form  8-K  Disclosure  Information,  if  applicable,  together  with  an  Additional  Disclosure
Notification  and (ii) the Depositor  will approve,  as to form and substance,  or disapprove,  as the case may be,
the inclusion of the Form 8-K Disclosure  Information.  The Depositor will be responsible  for any reasonable  fees
and expenses  assessed or incurred by the  Certificate  Administrator  in  connection  with  including any Form 8-K
Disclosure Information on Form 8-K pursuant to this paragraph.

                  After  preparing  the Form 8-K, the  Certificate  Administrator  shall forward  electronically  a
draft copy of the Form 8-K to the  Depositor for review.  Promptly,  but no later than the close of business on the
3rd Business Day after the Reportable  Event,  the Depositor shall notify the Certificate  Administrator in writing
of any changes to or approval  of such Form 8-K.  In the  absence of receipt of any  written  changes or  approval,
the  Certificate  Administrator  shall be  entitled  to  assume  that  such  Form  8-K is in final  form and a duly
authorized  representative  of the Certificate  Administrator may proceed with the execution and filing of the Form
8-K. A duly  authorized  representative  of the Master  Servicer  shall sign the Form 8-K.  If a Form 8-K cannot be
filed on time or if a previously  filed Form 8-K needs to be amended,  the  Certificate  Administrator  will follow
the  procedures  set forth in Section  12.05.  Promptly  (but no later than one (1) Business Day) after filing with
the Commission,  the Certificate  Administrator  will make available on its internet  website a final executed copy
of each Form 8-K prepared and filed by the  Certificate  Administrator.  The parties to this Agreement  acknowledge
that the  performance by the  Certificate  Administrator  and the Master  Servicer of its duties under this Section
12.04 related to the timely  preparation and filing of Form 8-K is contingent upon such parties strictly  observing
all  applicable  deadlines  in the  performance  of their  duties  under this  Section  12.04.  Neither  the Master
Servicer  nor the  Certificate  Administrator  shall  have any  liability  for any loss,  expense,  damage or claim
arising out of or with  respect to any failure to properly  prepare  and/or  timely file such Form 8-K,  where such
failure  results  from the  Certificate  Administrator's  inability  or failure to obtain or  receive,  on a timely
basis,  any  information  from any other party hereto  needed to prepare,  arrange for  execution or file such Form
8-K, not resulting from its own negligence, bad faith or willful misconduct.

                  Section 12.05     Delisting;  Amendment;  Late Filing of Reports.  On or before January 30 of the
first  year in  which  the  Certificate  Administrator  is able to do so  under  applicable  law,  the  Certificate
Administrator  shall prepare and file a Form 15  Suspension  Notification  relating to the automatic  suspension of
reporting in respect of the Trust under the 1934 Act.

                  In the event that the  Certificate  Administrator  is unable to timely  file with the  Commission
all or any required  portion of any Form 8-K, 10-D or 10-K required to be filed by this Agreement  because required
disclosure  information  was either not  delivered to it or delivered to it after the delivery  deadlines set forth
in this Agreement or for any other reason, the Certificate  Administrator shall promptly notify  electronically the
Depositor.  In the case of Form 10-D and 10-K,  the parties to this Agreement  shall  cooperate to prepare and file
a Form  12b-25 and a 10-D/A and  10-K/A as  applicable,  pursuant  to Rule  12b-25 of the 1934 Act.  In the case of
Form 8-K, the  Certificate  Administrator  will,  upon receipt of all required Form 8-K Disclosure  Information and
upon the approval and direction of the  Depositor,  include such  disclosure  information on the next Form 10-D. In
the event that any  previously  filed Form 8-K, 10-D or 10-K needs to be amended in connection  with any Additional

                                                             131

Form 10-D Disclosure,  the Certificate  Administrator  shall  electronically  notify the Depositor and such parties
will  cooperate to prepare any necessary  Form 8-K/A,  10-D/A or 10-K/A.  Any Form 15, Form 12b-25 or any amendment
to Form 8-K or 10-D shall be signed by a duly authorized  representative  of the Master Servicer.  Any amendment to
Form 10-K shall be signed by the  Depositor.  The parties to this  Agreement  acknowledge  that the  performance by
the  Certificate  Administrator  and the Master  Servicer of their duties under this Section  12.05  related to the
timely  preparation  and filing of Form 15, a Form 12b-25 or any  amendment to Form 8-K, 10-D or 10-K is contingent
upon each such party  performing  its duties under this  Section.  Neither the  Certificate  Administrator  nor the
Master Servicer shall have any liability for any loss,  expense,  damage or claim arising out of or with respect to
any failure to properly  prepare  and/or timely file any such Form 15, Form 12b-25 or any  amendments to Forms 8-K,
10-D or 10-K,  where such failure  results from the Certificate  Administrator's  inability or failure to obtain or
receive,  on a timely basis, any information  from any other party hereto needed to prepare,  arrange for execution
or file such Form 15,  Form  12b-25 or any  amendments  to Forms  8-K,  10-D or 10-K,  not  resulting  from its own
negligence, bad faith or willful misconduct.

                  Section 12.06     Annual  Statements of Compliance.  The Master  Servicer and each Servicer shall
deliver or  otherwise  make  available  (and the Master  Servicer  and each  Servicer  shall  cause any  Additional
Servicer  engaged by it to  deliver or  otherwise  make  available)  to the  Master  Servicer  and the  Certificate
Administrator  on or before March 1 of each year (or with respect to the Master  Servicer,  March 15 of each year),
commencing  in March  2008,  an  Officer's  Certificate  (an "Item  1123  Certificate")  stating,  as to the signer
thereof,  that (A) a review of such party's  activities  during the preceding  calendar year or applicable  portion
thereof and of such party's  performance  under this Agreement,  or such other applicable  agreement in the case of
an  Additional  Servicer,  has been made under such  officer's  supervision  and (B) to the best of such  officer's
knowledge,  based on such review, such party has fulfilled all its obligations under this Agreement,  or such other
applicable  agreement in the case of an  Additional  Servicer,  in all material  respects  throughout  such year or
applicable  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.  Promptly  after
receipt  of each such Item 1123  Certificate,  the  Depositor  shall  review  such Item 1123  Certificate  and,  if
applicable,  consult with each such party,  as applicable,  as to the nature of any failures by such party,  in the
fulfillment  of any of such party's  obligations  hereunder or, in the case of an Additional  Servicer,  under such
other applicable agreement.

                  The Master  Servicer shall include all annual  statements of compliance  received by it from each
Servicer with its own annual statement of compliance to be submitted to the Certificate  Administrator  pursuant to
this Section.

                  In the  event the  Master  Servicer  or any  Additional  Servicer  engaged  by any such  party is
terminated  or resigns  pursuant  to the terms of this  Agreement,  or any  applicable  agreement  in the case of a
Additional  Servicer,  as the case may be,  such party  shall  provide an Item 1123  Certificate  pursuant  to this
Section  12.06  or to such  applicable  agreement,  as the  case  may be,  notwithstanding  any  such  termination,
assignment or resignation.

                  Section 12.07     Annual  Assessments of Compliance.  By March 1 of each year (or with respect to
the Master  Servicer and the  Certificate  Administrator,  March 15 of each year),  commencing  in March 2008,  the
Master  Servicer,  the  Certificate  Administrator  and each  Servicer,  each at its own expense,  shall furnish or
otherwise  make  available,  and each such party shall cause any Servicing  Function  Participant  engaged by it to
furnish or otherwise make available,  each at its own expense,  to the Master  Servicer,  a report on an assessment

                                                             132

of compliance with the Relevant  Servicing  Criteria (an "Assessment of Compliance")  that contains (A) a statement
by such party of its  responsibility  for assessing  compliance with the Relevant Servicing Criteria for each party
as set forth on  Exhibit  R, (B) a  statement  that such  party  used the  Relevant  Servicing  Criteria  to assess
compliance  with the Relevant  Servicing  Criteria,  (C) such party's  assessment of  compliance  with the Relevant
Servicing  Criteria  as of and for the  fiscal  year  covered by the Form 10-K  required  to be filed  pursuant  to
Section 12.03,  including,  if there has been any material  instance of noncompliance  with the Relevant  Servicing
Criteria,  a  discussion  of each such  failure  and the nature  and status  thereof,  and (D) a  statement  that a
registered public accounting firm has issued an Accountant's  Attestation on such party's  Assessment of Compliance
with the Relevant Servicing Criteria as of and for such period.

                  No later  than the end of each  fiscal  year for the  Trust for  which a 10-K is  required  to be
filed,  each Servicer and the Master Servicer shall each forward to the Certificate  Administrator the name of each
Servicing  Function  Participant  engaged by it and what  Relevant  Servicing  Criteria  will be  addressed  in the
Assessment of Compliance  prepared by such  Servicing  Function  Participant  (provided,  however,  that the Master
Servicer need not provide  information  to the  Certificate  Administrator  so long as the Master  Servicer and the
Certificate  Administrator  are the same  person).  When the Master  Servicer and each  Servicer (or any  Servicing
Function  Participant  engaged by them) submit their  Assessments of Compliance to the  Certificate  Administrator,
such parties will also at such time include the Assessments of Compliance (and Accountant's  Attestation)  pursuant
to Section 12.08 of each Servicing Function Participant engaged by it.

                  Promptly  after receipt of each  Assessment of Compliance,  the Depositor  shall review each such
report and, if applicable,  consult with the Master Servicer, the Certificate Administrator,  each Servicer and any
Servicing Function  Participant  engaged by such parties as to the nature of any material instance of noncompliance
with the  Relevant  Servicing  Criteria by each such party.  Notwithstanding  the  foregoing,  none of such parties
will be  required  to deliver  any  Assessment  of  Compliance  until  April 15 in any given year so long as it has
received  written  confirmation  from the Depositor  that a Form 10-K is not required to be filed in respect of the
Trust for the preceding calendar year.

                  The  Master  Servicer  shall  include  all  Assessments  of  Compliance  received  by it from the
Servicers with its own Assessment of Compliance to be submitted to the Certificate  Administrator  pursuant to this
Section.

                                                             133

                  In the event the  Master  Servicer,  the  Certificate  Administrator  or any  Servicing  Function
Participant  engaged  by any such  party is  terminated,  assigns  its rights  and  obligations  under,  or resigns
pursuant to, the terms of this Agreement,  or any other applicable agreement,  as the case may be, such party shall
provide  an  Assessment  of  Compliance  pursuant  to this  Section  12.07,  or such  other  applicable  agreement,
notwithstanding any such termination, assignment of resignation.

                  The Master  Servicer shall enforce any  obligation of the  Custodian,  to the extent set forth in
the Custodial  Agreement to deliver to the Master  Servicer an  Assessment of Compliance  within the time frame set
forth in, and in such form and  substance  as may be  required  pursuant  to the  Custodial  Agreement.  The Master
Servicer shall include such  Assessment of Compliance  with its own Assessment of Compliance to be submitted to the
Certificate Administrator pursuant to this Section.

                  Section 12.08     Accountant's  Attestation.  By March 15 of each year,  commencing in 2008,  the
Master Servicer,  the Certificate  Administrator and each Servicer,  each at its own expense, shall cause, and each
such party shall cause any  Servicing  Function  Participant  engaged by it to cause,  each at its own  expense,  a
registered  public  accounting firm (which may also render other services to the Master  Servicer,  the Certificate
Administrator  or a  Servicer  or such other  Servicing  Function  Participants,  as the case may be) and that is a
member of the  American  Institute  of  Certified  Public  Accountants  to  furnish a report  (the  "Accountant's
Attestation") to the Master Servicer,  to the effect that (i) it has obtained a  representation  regarding  certain
matters  from the  management  of such party,  which  includes an assertion  that such party has complied  with the
Relevant  Servicing  Criteria,  and (ii) on the basis of an examination  conducted by such firm in accordance  with
standards for  attestation  engagements  issued or adopted by the PCAOB,  it is expressing an opinion as to whether
such party's  compliance with the Relevant  Servicing  Criteria was fairly stated in all material  respects,  or it
cannot express an overall  opinion  regarding  such party's  assessment of compliance  with the Relevant  Servicing
Criteria.  In the event that an overall opinion cannot be expressed,  such registered  public accounting firm shall
state in such report why it was unable to express such an opinion.  Such report must be  available  for general use
and not contain restricted use language.

                  Promptly  after  receipt  of such  Accountant's  Attestations  from  the  Master  Servicer,  each
Servicer,  the Custodian,  the Certificate  Administrator  or any Servicing  Function  Participant  engaged by such
parties,  (i) the  Depositor  shall  review the reports  and, if  applicable,  consult  with such parties as to the
nature of any defaults by such parties,  in the  fulfillment of any of each such party's  obligations  hereunder or
under any other applicable  agreement,  and (ii) the Certificate  Administrator  shall confirm that each Assessment
of Compliance is coupled with an Accountant's  Attestation  meeting the requirements of this Section and notify the
Depositor of any  exceptions.  Notwithstanding  the  foregoing,  none of such parties  shall be required to deliver
any such  assessments  until April 15 in any given year so long as it has received  written  confirmation  from the
Depositor that a Form 10-K is not required to be filed in respect of the Trust for the preceding calendar year.

                  The Master  Servicer  shall include each such  attestation  furnished to it by the Servicers with
its own attestation to be submitted to the Certificate Administrator pursuant to this Section.

                  In the event the Master Servicer, the Certificate  Administrator,  the Custodian, any Servicer or
any Servicing Function  Participant engaged by any such party, is terminated,  assigns its rights and duties under,
or resigns  pursuant to the terms of, this  Agreement,  or any  applicable  Custodial  Agreement or any  applicable
Subservicing  Agreement,  as the case may be, such party shall,  at its sole  expense,  cause a  registered  public
accounting  firm to provide an attestation  pursuant to this Section  12.08,  or such other  applicable  agreement,
notwithstanding any such termination, assignment or resignation.

                  The Master  Servicer shall enforce any  obligation of the  Custodian,  to the extent set forth in
the  Custodial  Agreement  to deliver to the Master  Servicer an  attestation  as may be  required  pursuant to the
Custodial  Agreement.  The  Master  Servicer  shall  include  each  such  attestation  with  its  own  Accountant's
Attestation to be submitted to the Certificate Administrator pursuant to this Section.

                                                             134

                  Section 12.09     Sarbanes-Oxley  Certification.  Each Form 10-K  shall  include a  certification
(the  "Sarbanes-Oxley  Certification")  required to be included therewith pursuant to the Sarbanes-Oxley  Act. Each
Servicer,  the Master  Servicer and the  Certificate  Administrator  shall provide,  and each Servicer,  the Master
Servicer  and the  Certificate  Administrator  shall cause any  Servicing  Function  Participant  engaged by it to,
provide to the Person who signs the  Sarbanes-Oxley  Certification  (the "Certifying  Person"),  by March 1 of each
year (or with respect to the Master  Servicer and the  Certificate  Administrator,  March 15 of each year) in which
the Trust is subject to the  reporting  requirements  of the 1934 Act and otherwise  within a reasonable  period of
time upon request,  a certification  (each, a "Back-Up  Certification"),  in the form attached hereto as Exhibit Q,
upon  which the  Certifying  Person,  the entity  for which the  Certifying  Person  acts as an  officer,  and such
entity's officers,  directors and Affiliates  (collectively with the Certifying  Person,  "Certification  Parties")
can  reasonably  rely.  The Depositor  shall serve as the  Certifying  Person on behalf of the Trust.  In the event
the Master Servicer,  the Certificate  Administrator or any Servicing Function Participant engaged by such party is
terminated or resigns pursuant to the terms of this Agreement,  or any applicable  Subservicing  Agreement,  as the
case may be, such party shall provide a Back-Up  Certification  to the Certifying  Person  pursuant to this Section
12.09  with  respect  to the  period  of time it was  subject  to this  Agreement  or any  applicable  Subservicing
Agreement, as the case may be.

                  Section 12.10     Indemnification.  Each party  required to deliver an  Assessment  of Compliance
and an Accountant's  Attestation  and/or an Item 1123 Certificate  under Article XII (each, a "Responsible  Party")
shall  indemnify and hold harmless the  Certificate  Administrator,  the Master Servicer and the Depositor and each
of their  directors,  officers,  employees,  agents,  and affiliates  from and against any and all claims,  losses,
damages,  penalties,  fines,  forfeitures,  reasonable legal fees and related costs,  judgments and other costs and
expenses  arising out of or based upon (a) any breach by such  Responsible  Party of any if its  obligations  under
this  Article  XII  including  particularly  its  obligation  to  provide  any  Assessment  of  Compliance  and  an
Accountant's  Attestation  and/or an Item 1123  Certificate  or any  information,  data or material  required to be
included in any 1934 Act report,  (b) any misstatement or omission in any information,  data or materials  provided
by such  Responsible  Party (or, in the case of the  Certificate  Administrator  or Master  Servicer,  any material
misstatement  of material  omission in (i) any Item 1123  Certificate,  Assessment  of  Compliance  or  Attestation
report  delivered by it, or by any Servicing  Function  Participant  engaged by it, pursuant to this Agreement,  or
(ii) any Additional Form 10-D  Disclosure,  Additional  Form 10-K Disclosure  concerning the Master Servicer or the
Certificate  Administrator),  or (c) the negligence,  bad faith or willful  misconduct of such Responsible Party in
connection with the performance of any if its obligations  hereunder.  If the  indemnification  provided for herein
is  unavailable  or  insufficient  to hold  harmless the Master  Servicer,  the  Certificate  Administrator  or the
Depositor,  then  each  Responsible  Party  agrees  that it shall  contribute  to the  amount  paid or  payable  by
Certificate  Administrator,  the Master  Servicer  or the  Depositor,  as  applicable,  as a result of any  claims,
losses,  damages or liabilities  incurred by the Master Servicer,  the Certificate  Administrator or the Depositor,
as applicable,  in such  proportion as is appropriate  to reflect the relative  fault of the Master  Servicer,  the
Certificate  Administrator  or the Depositor,  as applicable,  on the one hand and such  Responsible  Party, on the
other.  This  indemnification  shall survive the  termination of this Agreement or the  termination of any party to
this  Agreement.   Notwithstanding   the  foregoing,   none  of  the  Responsible   Parties  shall  be  liable  for
consequential, indirect or punitive damages.

                                                             135

                  Each Servicer agrees to indemnify and hold harmless each of the Depositor,  the Master  Servicer,
the Certificate  Administrator  and the Trustee and each Person,  if any, who "controls" the Depositor,  the Master
Servicer,  the  Certificate  Administrator  or the Trustee within the meaning of the 1933 Act 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 that such Person
may  sustain  arising out of third  party  claims  based on (i) the  failure of any  Subservicer  or  Subcontractor
related to such  Servicer to deliver or cause to be  delivered  when  required  any  Assessment  of  Compliance  or
Accountant's  Attestation  required  pursuant  to Section  12.08,  or (ii) any  material  misstatement  or omission
contained in any Assessment of Compliance  provided by any such  Subservicer or  Subcontractor  pursuant to Section
12.08.  This  indemnification  shall survive the  termination of this Agreement or the  termination of any party to
this  Agreement.  Notwithstanding  the  foregoing,  no such  Subservicer or  Subcontractor  shall be liable for any
consequential, special or punitive damages.

                                                             136

                  IN  WITNESS  WHEREOF,  the  Depositor,  the  Master  Servicer,  the  Servicers,  the  Certificate
Administrator  and the  Trustee  have caused  this  Agreement  to be duly  executed  by their  respective  officers
thereunto duly authorized to be hereunto affixed, all as of the date first above written.

                                                     WACHOVIA MORTGAGE LOAN TRUST, LLC,
                                                           as Depositor

                                                     By: /s/ Robert J. Perret
                                                          Name:  Robert J. Perret
                                                          Title: Vice President

                                                     NATIONAL CITY MORTGAGE CO.,
                                                           as a Servicer

                                                     By: /s/ Richard Buck
                                                          Name: Richard Buck
                                                          Title: Assistant Vice President

                                                     FIFTH THIRD MORTGAGE COMPANY,
                                                           as a Servicer

                                                     By: /s/ Stephen Johnson
                                                          Name: Stephen Johnson
                                                          Title: Vice President

                                                     SUNTRUST MORTGAGE, INC.,
                                                           as a Servicer

                                                     By: /s/ Annette Holman-Foreman
                                                          Name: Annette Holman-Foreman
                                                          Title: Vice President

                                                     WELLS FARGO BANK, NATIONAL ASSOCIATION,
                                                           as a Servicer

                                                     By: /s/ Bradley A. Davis
                                                          Name: Bradley A. Davis
                                                          Title:  Vice President

                                                     U.S. BANK NATIONAL ASSOCIATION,
                                                           as Master Servicer and Certificate Administrator

                                                     By: /s/ Shannon M. Rantz
                                                          Name: Shannon M. Rantz
                                                          Title: Vice President

                                                     HSBC BANK USA, NATIONAL ASSOCIATION
                                                           as Trustee

                                                     By: /s/ Fernando Acebedo
                                                          Name: Fernando Acebedo
                                                          Title:Vice President

STATE OF MINNESOTA                  )
                                    )        ss.:
COUNTY OF RAMSEY                    )
                                    )

                  On the 27th day of March,  2007,  before me, a notary  public in and for the State of  Minnesota,
personally  appeared  Shannon M. Rantz known to me who,  being by me duly sworn,  did depose and say that s/he is a
Vice  President  of U.S.  Bank  National  Association,  a national  banking  association,  one of the parties  that
executed the  foregoing  instrument;  and that s/he signed  his/her name thereto by order of the Board of Directors
of such association.

                                                               ______/s/Tiffiany M. Jeanson_____________
                                                                             Notary Public

[Notarial Seal]

My commission expires _1/31/2009__.

STATE OF NORTH CAROLINA             )
                                    )        ss.:
COUNTY OF                           )
                                    )

                  On the  27th day of  March,  2007,  before  me, a  notary  public  in and for the  State of North
Carolina,  personally  appeared Robert J. Perret,  known to me who, being by me duly sworn, did depose and say that
s/he is a Vice President of Wachovia  Mortgage Loan Trust, LLC, a Delaware limited  liability  company,  one of the
parties that executed the  foregoing  instrument;  and that s/he signed  her/his name thereto by order of the Board
of Directors of such corporation.

                                                               _______/s/ Evelyn S. King________________
                                                                             Notary Public

[Notarial Seal]

My commission expires __1/21/98____.

STATE OF MARYLAND                   )
                                    )        ss.:
COUNTY OF FREDERICK                 )
                                    )

                  On the 27thth day of March, 2007, before me, a notary public in and for the State of North
Carolina, personally appeared Bradley A. Davis, known to me  who, being by me duly sworn, did depose and say that
s/he is a Vice President of Wells Fargo Bank, National Association, a national banking association, one of the
parties that executed the foregoing instrument; and that s/he signed her/his name thereto by order of the Board
of Directors of such corporation.

                                                                   ______/s/ Caroline H. Mills_______
                                                                             Notary Public

[Notarial Seal]

My commission expires 1/21/2008.

STATE OF OHIO                       )
                                    )        ss.:
COUNTY OF                           )
                                    )

                  On the 27th day of March, 2007, before me, a notary public in and for the State of Ohio,
personally appeared Stephen Johnson known to me who, being by me duly sworn, did depose and say that s/he is a
Vice President of Fifth Third Mortgage Company, an Ohio corporation, one of the parties that executed the
foregoing instrument; and that s/he signed her/his name thereto by order of the Board of Directors of such
corporation.

                                                                _____/s/ Mary Robin Ruholl-Cassady_____
                                                                             Notary Public

[Notarial Seal]

My commission expires 6/17/2011.

STATE OF VIRGINIA                   )
                                    )        ss.:
COUNTY OF                           )
                                    )

                  On the 27th day of March, 2007, before me, a notary public in and for the State of Virginia,
personally appeared Annette Holman-Foreman known to me who, being by me duly sworn, did depose and say that s/he
is a Vice President of SunTrust Mortgage, Inc., a Virginia corporation, one of the parties that executed the
foregoing instrument; and that s/he signed her/his name thereto by order of the Board of Directors of such
corporation.

                                                                  ___ /s/ Sherry L. Sykes_____________
                                                                             Notary Public

[Notarial Seal]

My commission expires 10/31/10  .

STATE OF OHIO                       )
                                    )        ss.:
COUNTY OF                           )
                                    )

                  On the ____th day of March, 2007, before me, a notary public in and for the State of Ohio,
personally appeared Richard Buck,  known to me who, being by me duly sworn, did depose and say that s/he is a
Assistant Vice President of National City Mortgage Co., an Ohio corporation, one of the parties that executed the
foregoing instrument; and that s/he signed her/his name thereto by order of the Board of Directors of such
corporation.

                                                             _______ /s/ Michelle Pyburn     _____________
                                                                             Notary Public

[Notarial Seal]

My commission expires __9/7/08__________.

STATE OF NEW YORK                     )
                                      )        ss.:
COUNTY OF                             )
                                      )

                  On the 27th day of March, 2007, before me, a notary public in and for the State of New York,
personally appeared Fernando Acebedo, known to me who, being by me duly sworn, did depose and say that s/he is a
Vice President of HSBC Bank USA, National Association, a national banking association, one of the parties that
executed the foregoing instrument; and that s/he signed her/his name thereto by order of the Board of Directors
of such corporation.

                                                               ________/s/ Audrey H. Zabriskie___________
                                                                             Notary Public

[Notarial Seal]

My commission expires __1/16/2011___.

                                                                                                                          APPENDIX 1

              CALCULATION OF UNCERTIFICATED LOWER-TIER REGULAR INTEREST Y PRINCIPAL REDUCTION AMOUNTS

         Uncertificated Lower-Tier Regular Interest Y Principal Reduction Amounts:  For any Distribution Date the
amounts by which the Uncertificated Principal Balances of Uncertificated Lower-Tier Regular Interests Y-1, Y-2,
Y-3 and Y-4, respectively, will be reduced on such Distribution Date by the allocation of Realized Losses and the
distribution of principal, determined as follows:

         First, for each of Loan Group 1, Loan Group 2, Loan Group 3 and Loan Group 4, determine the Net WAC for
the applicable Loan Group for distributions of interest that will be made on the next succeeding Distribution
Date (the "Group Interest Rate").  The Uncertificated Lower-Tier Regular Interest Y Principal Reduction Amount
for Uncertificated Lower-Tier Regular Interests Y-1, Y-2, Y-3 and Y-4 will be determined pursuant to the "Generic
solution for the Uncertificated Lower-Tier Regular Interest Y Principal Reduction Amounts" set forth below (the
"Generic Solution") by making identifications among the actual Loan Groups and their related Uncertificated
Lower-Tier Regular Interests and the Net WAC and the Groups named in the Generic Solution and their related
Uncertificated Lower-Tier Regular Interests as follows:

A.  Determine which Group has the lowest Group Interest Rate.  That Group will be identified with Group AA and
the Uncertificated Lower-Tier Regular Interests related to that Group will be respectively identified with
Uncertificated Lower-Tier Regular Interests Y-AA and Z-AA.  The Group Interest Rate for that Group will be
identified with J%.  If two or more Groups have the lowest Group Interest Rate pick one for this purpose, subject
to the restriction that each Group may be picked only once in the course of any such selections pursuant to
paragraphs A through D of this definition.

B.  Determine which Group has the second lowest Group Interest Rate.  That Group will be identified with Group BB
and the Uncertificated Lower-Tier Regular Interests related to that Group will be respectively identified with
Uncertificated Lower-Tier Regular Interests Y-BB and Z-BB.  The Group Interest Rate for that Group will be
identified with K%.  If two or more Groups have the second lowest Group Interest Rate pick one for this purpose,
subject to the restriction that each Group may be picked only once in the course of any such selections pursuant
to paragraphs A through D of this definition.

C.  Determine which Group has the third lowest Group Interest Rate.  That Group will be identified with Group CC
and the Uncertificated Lower-Tier Regular Interests related to that Group will be respectively identified with
Uncertificated Lower-Tier Regular Interests Y-CC and Z-CC.  The Group Interest Rate for that Group will be
identified with L%.  If two or more Groups have the third lowest Group Interest Rate pick one for this purpose,
subject to the restriction that each Group may be picked only once in the course of any such selections pursuant
to paragraphs A through D of this definition.

D.  Determine which Group has the fourth lowest Group Interest Rate.  That Group will be identified with Group DD
and the Uncertificated Lower-Tier Regular Interests related to that Group will be respectively identified with
Uncertificated Lower-Tier Regular Interests Y-DD and Z-DD.  The Group Interest Rate for that Group will be
identified with M%.  If two or more Groups have the fourth lowest Group Interest Rate pick one for this purpose,
subject to the restriction that each Group may be picked only once in the course of any such selections pursuant
to paragraphs A through D of this definition.

Second, apply the Generic Solution set forth below to determine the Uncertificated Lower-Tier Regular Interest Y
Principal Reduction Amounts for the Distribution Date using the identifications made above.

                  Generic Solution for the Uncertificated Lower-Tier Regular Interest Y Principal Reduction
Amounts:  For any Distribution Date, the amounts by which the Uncertificated Principal Balances of Uncertificated
Lower-Tier Regular Interests Y-AA, Y-BB, Y-CC and Y-DD, respectively, will be reduced on such Distribution Date
by the allocation of Realized Losses and the distribution of principal, determined as follows:

For purposes of the succeeding formulas the following symbols shall have the meanings set forth below:

J% =     the Net WAC for Group AA for interest to be distributed on the next succeeding Distribution Date.

K% =     the Net WAC for Group BB for interest to be distributed on the next succeeding Distribution Date.

L% =     the Net WAC for Group CC for interest to be distributed on the next succeeding Distribution Date.

M% =     the Net WAC for Group DD for interest to be distributed on the next succeeding Distribution Date.

For purposes of the succeeding definitions and formulas, it is required that J%<=K%<=L%<=M%.

PJB =    the Group AA Subordinate Percentage after the allocation of Realized Losses and distributions of
         principal on such Distribution Date.

PKB =    the Group BB Subordinate Percentage after the allocation of Realized Losses and distributions of
         principal on such Distribution Date.

PLB =    the Group CC Subordinate Percentage after the allocation of Realized Losses and distributions of
         principal on such Distribution Date.

PMB = the Group DD Subordinate Percentage after the allocation of Realized Losses and distributions of principal
         on such Distribution Date.

R =      the Class B Pass-Through Rate
    =    (J%PJB + K%PKB + L%PLB + M%PMB)/(PJB + PKB + PLB + PMB)

                                                             2

R11 =    the weighted average of the Net WACs for Group AA, Group BB, Group CC and Group DD after giving effect
         to the allocation of Realized Losses and distributions of principal to be made on such Distribution Date
             =    {J% (Pj - ΔPj) + K% (Pk - ΔPk) + L% (Pl - ΔPl) + M% (Pm - ΔPm)}/
                         (Pj - ΔPj + Pk - ΔPk + Pl - ΔPl + Pm - ΔPm)

R21 =    the weighted average of  the Net WACs for Group AA, Group BB and Group CC after giving effect to the
         allocation of Realized Losses and distributions of principal to be made on such Distribution Date

      =  {J% (Pj - ΔPj) + K% (Pk - ΔPk) + L% (Pl - ΔPl)}/(Pj - ΔPj + Pk - ΔPk + Pl - ΔPl )

R22 =    the Net WAC for Group DD
       = { M% (Pm - ΔPm)}/( Pm - ΔPm )

R31 =    the weighted average of the Net WACs for Group AA and Group BB after giving effect to the allocation of
         Realized Losses and distributions of principal to be made on such Distribution Date
       =          {(J% (Pj - ΔPj) + K% (Pk - ΔPk) }/(Pj - ΔPj + Pk - ΔPk)

R32 =    the weighted average of the Net WACs for Group CC and Group DD after giving effect to the allocation of
         Realized Losses and distributions of principal to be made on such Distribution Date
       = { L% (Pl - ΔPl) + M% (Pm - ΔPm)}/( Pl - ΔPl + Pm - ΔPm)

R41 =    the Net WAC for Group AA after giving effect to the allocation of Realized Losses and distributions of
         principal to be made on such Distribution Date
       = J%

R42 =    the weighted average of the Net WACs for Group BB, Group CC and Group DD after giving effect to the
         allocation of Realized Losses and distributions of principal to be made on such Distribution Date
                  =        {K% (Pk - ΔPk) + L% (Pl - ΔPl) + M% (Pm - ΔPm)}/
                                    ( Pk - ΔPk + Pl - ΔPl + Pm - ΔPm )

r11 =    the weighted average of the Uncertificated Pass-Through Rates for Uncertificated Lower-Tier Regular
         Interests Y-AA, Y-BB, Y-CC and Y-DD
      =  (J% Yj + K% Yk + L% Yl + M% Ym )/(Yj + Yk + Yl + Ym )

r21 =    the weighted average of the Uncertificated Pass-Through Rates for Uncertificated Lower-Tier Regular
         Interests Y-AA, Y-BB and Y-CC
      =  (J% Yj + K% Yk + L% Yl )/(Yj + Yk + Yl )

r22 =    the Uncertificated Pass-Through Rate for Uncertificated Lower-Tier Regular Interest Y-DD
      =  ( M% Ym)/( Ym )

                                                             3

r31 =    the weighted average of the Uncertificated Pass-Through Rates for Uncertificated Lower-Tier Regular
         Interests Y-AA and Y-BB
      =  (J% Yj + K% Yk )/(Yj + Yk )

r32 =    the weighted average of the Uncertificated Pass-Through Rates for Uncertificated Lower-Tier Regular
         Interests Y-CC and Y-DD
      =  ( L% Yl + M% Ym )/( Yl + Ym)

r41 =    the Uncertificated Pass-Through Rate for Uncertificated Lower-Tier Regular Interest Y-AA
      =  J%

r42 =    the weighted average of the Uncertificated Pass-Through Rates for Uncertificated Lower-Tier Regular
         Interests Y-BB, Y-CC and Y-DD
      =  (K%  Yk + L% Yl + M% Ym)/(Yk + Yl + Ym)

Yj =     the Uncertificated Principal Balance of Uncertificated Lower-Tier Regular Interest Y-AA after
         distributions on the prior Distribution Date.

Yk =     the Uncertificated Principal Balance of Uncertificated Lower-Tier Regular Interest Y-BB after
         distributions on the prior Distribution Date.

Yl =     the Uncertificated Principal Balance of Uncertificated Lower-Tier Regular Interest Y-CC after
         distributions on the prior Distribution Date.

Ym =     the Uncertificated Principal Balance of Uncertificated Lower-Tier Regular Interest Y-DD after
         distributions on the prior Distribution Date.

ΔYj =       the Uncertificated Lower-Tier Regular Interest Y-AA Principal Reduction Amount.

ΔYk =       the Uncertificated Lower-Tier Regular Interest Y-BB Principal Reduction Amount.

ΔYl =       the Uncertificated Lower-Tier Regular Interest Y-CC Principal Reduction Amount.

ΔYm =       the Uncertificated Lower-Tier Regular Interest Y-DD Principal Reduction Amount.

Zj =     the Uncertificated Principal Balance of Uncertificated Lower-Tier Regular Interest Z-AA after
         distributions on the prior Distribution Date.

Zk =     the Uncertificated Principal Balance of Uncertificated Lower-Tier Regular Interest Z-BB after
         distributions on the prior Distribution Date.

Zl =     the Uncertificated Principal Balance of Uncertificated Lower-Tier Regular Interest Z-CC after
         distributions on the prior Distribution Date.

Zm =     the Uncertificated Principal Balance of Uncertificated Lower-Tier Regular Interest Z-DD after
         distributions on the prior Distribution Date.

                                                             4

ΔZj =       the Uncertificated Lower-Tier Regular Interest Z-AA Principal Reduction Amount.

ΔZk =       the Uncertificated Lower-Tier Regular Interest Z-BB Principal Reduction Amount.

ΔZl =       the Uncertificated Lower-Tier Regular Interest Z-CC Principal Reduction Amount.

ΔZm = the Uncertificated Lower-Tier Regular Interest Z-DD Principal Reduction Amount.

Pj =     the aggregate Uncertificated Principal Balance of Uncertificated Lower-Tier Regular Interests Y-AA and
         Z-AA after distributions on the prior Distribution Date.
    =    Yj + Zj

Pk =     the aggregate Uncertificated Principal Balance of Uncertificated Lower-Tier Regular Interests Y-BB and
         Z-BB after distributions on the prior Distribution Date.
     =   Yk + Zk

Pl =     the aggregate Uncertificated Principal Balance of Uncertificated Lower-Tier Regular Interests Y-CC and
         Z-CC after distributions on the prior Distribution Date.
    =    Yl + Zl =

Pm =     the aggregate Uncertificated Principal Balance of Uncertificated Lower-Tier Regular Interests Y-DD and
         Z-DD after distributions on the prior Distribution Date.
      =  Ym + Zm

ΔPj =       the aggregate amount of principal reduction occurring with respect to Mortgage Loans in Loan
         Group AA from Realized Losses or payments of principal to be allocated on such Distribution Date net of
         any such amounts allocated to the Class 1-A-R Certificates in respect of Component I thereof.
      =  the aggregate of the Uncertificated Lower-Tier Regular Interest Y-AA Principal Reduction Amount and the
         Uncertificated Lower-Tier Regular Interest Z-AA Principal Reduction Amount.
      =  ΔYj + ΔZj

ΔPk =       the aggregate amount of principal reduction occurring with respect to Mortgage Loans in Loan
         Group BB from Realized Losses or payments of principal to be allocated on such Distribution Date net of
         any such amounts allocated to the Class 1-A-R Certificates in respect of Component I thereof.
       = the aggregate of the Uncertificated Lower-Tier Regular Interest Y-BB Principal Reduction Amount and the
         Uncertificated Lower-Tier Regular Interest Z-BB Principal Reduction Amount.
       = ΔYk + ΔZk

ΔPl=        the aggregate amount of principal reduction occurring with respect to Mortgage Loans in Loan
         Group CC  from Realized Losses or payments of principal to be allocated on such Distribution Date net of
         any such amounts allocated to the Class 1-A-R Certificates in respect of Component I thereof.

                                                             6

      =  the aggregate of the Uncertificated Lower-Tier Regular Interest Y-CC Principal Reduction Amount and the
         Uncertificated Lower-Tier Regular Interest Z-CC Principal Reduction Amount.
      =  ΔYl + ΔZl

ΔPm =       the aggregate amount of principal reduction occurring with respect to Mortgage Loans in Loan
         Group DD from Realized Losses or payments of principal to be allocated on such Distribution Date net of
         any such amounts allocated to the Class 1-A-R Certificate in respect of Component I thereof.
        =         the aggregate of the Uncertificated Lower-Tier Regular Interest Y-DD Principal Reduction Amount
         and the Uncertificated Lower-Tier Regular Interest Z-DD Principal Reduction Amount.
        =         ΔYm + ΔZm

α =         .0005

γ1 =        (R - R11)/(R12 - R).  If R=>M%, γ1 is a non-negative number unless its denominator is
         zero, in which event it is undefined.

γ2 =        (R - R21)/(R22 - R).  If R=>L%, γ2 is a non-negative number unless its denominator is
         zero, in which event it is undefined.

γ3 =        (R - R31)/(R32 - R).  If R=>K%, γ3 is a non-negative number unless its denominator is
         zero, in which event it is undefined.

γ4 =        (R - R41)/(R42 - R).  If R<K%, γ4 is a non-negative number unless its denominator is
         zero, in which event it is undefined.

If γ1 is undefined, ΔYj = Yj, ΔYk = Yk, ΔYl = Yl, ΔYm = Ym and ΔYn =
         (Yn/Pn)ΔPn.

If γ4 is zero, ΔYj = (Yj/Pj)ΔPj, ΔYk = Yk, ΔYl = Yl, ΔYm = Ym and ΔYn =
         Yn.

In the remaining situations, ΔYj, ΔYk, ΔYl, ΔYm and ΔYn shall be defined as follows:

I.  If R=>M%, make the following additional definitions:

Δ1Yj =      0,                                                                    if R11< r11;

         (R11- r11)( Yj + Yk + Yl + Ym)Yj/
                  {(R11 - J%)Yj + (R11 - K%)Yk + (R11 - L%)Yl +
                  (R11 - M%)Ym },                                               if R11=> r11 and R11=>M%;

         (R11- r11)( Yj + Yk + Yl + Ym )Yj/
                  {(R11 - J%)Yj + (R11 - K%)Yk + (R11 - L%)Yl },                if R11=> r11 and M%>R11=>L%;

                                                             6

         (R11- r11)( Yj + Yk + Yl + Ym )Yj/
                  {(R11 - J%)Yj + (R11 - K%)Yk },                               if R11=> r11 and L%>R11=>K%; and

         (R11- r11)( Yj + Yk + Yl + Ym )/(R11 - J%),                                    if R11=> r11 and
         K%>R11=>J%.

Δ1Yk =      0,                                                                    if R11< r11 and R11=>K%;

         (R11- r11)( Yj + Yk + Yl + Ym)Yk/
                  { (R11 - K%)Yk + (R11 - L%)Yl + (R11 - M%)Ym },               if R11< r11 and R11<K%;

         (R11- r11)( Yj + Yk + Yl + Ym )Yk/
                  {(R11 - J%)Yj + (R11 - K%)Yk + (R11 - L%)Yl +
                  (R11 - M%)Ym },                                               if R11=> r11 and R11=>M%;

         (R11- r11)( Yj + Yk + Yl + Ym )Yk/
                  {(R11 - J%)Yj + (R11 - K%)Yk + (R11 - L%)Yl },                if R11=> r11 and M%>R11=>L%;

         (R11- r11)( Yj + Yk + Yl + Ym )Yk/{(R11 - J%)Yj + (R11 - K%)Yk },      if R11=> r11 and L%>R11=>K%; and

         0,                                                                     if R11=> r11 and R11<K%.

Δ1Yl =      0,                                                                    if R11< r11 and R11=>L%;

         (R11- r11)( Yj + Yk + Yl + Ym)Yl/
                  { (R11 - L%)Yl + (R11 - M%)Ym },                              if R11< r11 and K%<=R11<L%;

         (R11- r11)( Yj + Yk + Yl + Ym)Yl/
                  { (R11 - K%)Yk + (R11 - L%)Yl + (R11 - M%)Ym },               if R11< r11 and R11<K%;

         (R11- r11)( Yj + Yk + Yl + Ym)Yl/
                  {(R11 - J%)Yj + (R11 - K%)Yk + (R11 - L%)Yl +
                  (R11 - M%)Ym },                                               if R11=> r11 and R11=>M%;

         (R11- r11)( Yj + Yk + Yl + Ym )Yl/
                  {(R11 - J%)Yj + (R11 - K%)Yk + (R11 - L%)Yl },                if R11=> r11 and M%>R11=>L%;

         0,                                                                     if R11=> r11 and R11<L%.

                                                             7

Δ1Ym =      0,                                                                    if R11< r11 and R11=>M%;

         (R11- r11)( Yj + Yk + Yl + Ym)/(R11 - M%),                             if R11< r11 and L%<=R11<M%;

         (R11- r11)( Yj + Yk + Yl + Ym)Ym/
                  { (R11 - L%)Yl + (R11 - M%)Ym },                              if R11< r11 and K%<=R11<L%;

         (R11- r11)( Yj + Yk + Yl + Ym)Ym/
                  { (R11 - K%)Yk + (R11 - L%)Yl + (R11 - M%)Ym },               if R11< r11 and R11<K%;

         (R11- r11)( Yj + Yk + Yl + Ym)Ym/
                  {(R11 - J%)Yj + (R11 - K%)Yk + (R11 - L%)Yl +
                  (R11 - M%)Ym },                                               if R11=> r11 and R11=>M%;

         0,                                                                     if R11=> r11 and R11<M%.

Δ1Yj, Δ1Yk, Δ1Yl and Δ1Ym are numbers respectively between Yj, Yk, Yl and Ym and 0 such that
                  {J%(Yj - Δ1Yj ) + K%( Yk.- Δ1Yk) + L%( Yl.- Δ1Yl) + M%( Ym.- Δ1Ym) }/
                  (Yj - Δ1Yj + Yk.- Δ1Yk + Yl.- Δ1Yl + Ym.- Δ1Ym)
                  = R11.

Y11 =    Yj - Δ1Yj + Yk.- Δ1Yk + Yl.- Δ1Yl + Ym.- Δ1Ym

P11 =    Pj + Pk + Pl + Pm.

Z11 =    Zj + Zk + Zl + Zm.

ΔY11 = ΔYj - Δ1Yj + ΔYk.- Δ1Yk + ΔYl.- Δ1Yl + ΔYm.- Δ1Ym .

ΔP11 = ΔPj + ΔPk + ΔPl + ΔPm.

ΔZ11 = ΔZj + ΔZk + ΔZl + ΔZm.

1.       If Yn - α(Pn - ΔPn) => 0, Y11- α(P11 - ΔP11) => 0, and γ1(P11 -
         ΔP11) < (Pn - ΔPn), then ΔYn = Yn - αγ1(P11 - ΔP11) and
         ΔY11 = Y11 - α(P11 - ΔP11).

2.       If Yn - α(Pn - ΔPn) => 0, Y11 - α(P11 - ΔP11) => 0, and
         γ1(P11 - ΔP11) => (Pn - ΔPn), then ΔYn = Yn - α(Pn - ΔPn) and
         ΔY11 = Y11 - (α/γ1)(Pn - ΔPn).

3.       If Yn - α(Pn - ΔPn) < 0, Y11 - α(P11 - ΔP11) => 0, and
         Y11 - α(P11 - ΔP11) => Y11 - (Yn/γ1), then
         ΔYn = Yn - αγ1(P11 - ΔP11) and ΔY11 = Y11 - α(P11 - ΔP11).

                                                             8

4.       If Yn - α(Pn - ΔPn) < 0, Y11 - (Yn/γ1) => 0, and
         Y11 - α(P11 - ΔP11) <= Y11 - (Yn/γ1), then ΔYn = 0 and
         ΔY11 = Y11 - (Yn/γ1).

5.       If Y11 - α(P11 - ΔP11) < 0, Y11 - (Yn/γ1) < 0, and
         Yn - α(Pn - ΔPn) <= Yn - (γ1Y11), then ΔYn = Yn - (γ1Y11) and
         ΔY11 = 0.

6.       If Y11 - α(P11 - ΔP11) < 0, Yn - α(Pn - ΔPn) => 0, and
         Yn - α(Pn - ΔPn) => Yn - (γ1Y11), then ΔYn = Yn - α(Pn - ΔPn) and
         ΔY11 = Y11 - (α/γ1)(Pn - ΔPn).

ΔYj = Δ1Yj + [(Yj - Δ1Yj )/Y11 ]Δ Y11

ΔYk = Δ1Yk + [(Yk - Δ1Yk )/Y11 ]ΔY11

ΔYl = Δ1Yl + [(Yl - Δ1Yl )/Y11 ]Δ Y11

ΔYm = Δ1Ym + [(Ym - Δ1Ym )/Y11 ]ΔY11

The purpose of the foregoing definitional provisions together with the related provisions allocating Realized
Losses and defining the Principal Distribution Amounts for the respective Uncertificated Lower-Tier Regular
Interests is to accomplish the following goals in the following order of priority:

1.       Making the ratio of (Yn - ΔYn ) to (Y11 - ΔY11 ) equal to γ1 after taking account of the
         allocation Realized Losses and the distributions that will be made through the end of the Distribution
         Date to which such provisions relate and assuring that each of the Uncertificated Lower-Tier Regular
         Interest Y Principal Reduction Amounts and Uncertificated Lower-Tier Regular Interest Z Principal
         Reduction Amounts is greater than or equal to zero for such Distribution Date;

2.       Making the Uncertificated Principal Balance of Uncertificated Lower-Tier Regular Interest Y-AA less than
         or equal to 0.0005 of the sum of the Uncertificated Principal Balances of Uncertificated Lower-Tier
         Regular Interest Y-AA and Uncertificated Lower-Tier Regular Interest Z-AA, the Uncertificated Principal
         Balance of Uncertificated Lower-Tier Regular Interest Y-BB less than or equal to 0.0005 of the sum of
         the Uncertificated Principal Balances of Uncertificated Lower-Tier Regular Interest Y-BB and
         Uncertificated Lower-Tier Regular Interest Z-BB, the Uncertificated Principal Balance of Uncertificated
         Lower-Tier Regular Interest Y-CC less than or equal to 0.0005 of the sum of the Uncertificated Principal
         Balances of Uncertificated Lower-Tier Regular Interest Y-CC and Uncertificated Lower-Tier Regular
         Interest Z-CC, and the Uncertificated Principal Balance of Uncertificated Lower-Tier Regular Interest
         Y-DD less than or equal to 0.0005 of the sum of the Uncertificated Principal Balances of Uncertificated
         Lower-Tier Regular Interest Y-DD and Uncertificated Lower-Tier Regular Interest Z-DD in each case after
         giving effect to allocations of Realized Losses and distributions to be made through the end of the
         Distribution Date to which such provisions relate; and

                                                             9

3.       Making the larger of (a) the fraction whose numerator is (Yn - ΔYn ) and whose denominator is the sum of
         (Yn - ΔYn) and (Zn - ΔZn) and (b) the fraction whose numerator is (Y11 - ΔY11) and whose denominator is
         the sum of (Y11 - ΔY11) and (Z11 - ΔZ11) as large as possible while remaining less than or equal to
         0.0005.

In the event of a failure of the foregoing portion of the definition of Uncertificated Lower-Tier Regular
Interest Y Principal Reduction Amounts to accomplish both of goals 1 and 2 above, the amounts thereof should be
adjusted to so as to accomplish such goals within the requirement that each Uncertificated Lower-Tier Regular
Interest Y Principal Reduction Amount must be less than or equal to the sum of (a) the Principal Realized Losses
to be allocated on the related Distribution Date for the related Loan Group remaining after the allocation of
such Realized Losses to the related class of ratio-strip principal only certificates, if any, and (b) the
remainder of the Pool Distribution Amount for the related Loan Group or after reduction thereof by the
distributions to be made on such Distribution Date (i) to the related class of ratio-strip principal only
certificates, if any, (ii) to the related class of ratio-strip interest only certificates, if any, and (iii) in
respect of interest on the related Uncertificated Lower-Tier Regular Interests, or, if both of such goals cannot
be accomplished within such requirement, such adjustment as is necessary shall be made to accomplish goal 1
within such requirement.  In the event of any conflict among the provisions of the definition of Uncertificated
Lower-Tier Regular Interest Y Principal Reduction Amounts, such conflict shall be resolved on the basis of the
goals and their priorities set forth above within the requirement set forth in the preceding sentence.  If the
formula allocation of ΔY11 among ΔYj, ΔYk, ΔYl and ΔYm cannot be achieved because one or more of ΔYj, ΔYk, ΔYl
and ΔYm, as so defined is greater than the related one of ΔPj, ΔPk, ΔPl and ΔPm, such an allocation shall be made
as close as possible to the formula allocation within the requirement that ΔYj < ΔPj, ΔYk < ΔPk, ΔYl < ΔPl, ΔYm <
ΔPm and ΔYm < ΔPm.

II.  If L%<=R<=M%, make the following additional definitions:

Δ2Yj =      0,                                                                    if R21< r21;

         (R21- r21)( Yj + Yk + Yl )Yj/
                  {(R21 - J%)Yj + (R21 - K%)Yk },                               if R21=> r21 and L%>R21=>K%; and

         (R21- r21)( Yj + Yk + Yl )/(R21 - J%),                                 if R21=> r21 and K%>R21=>J%.

Δ2Yk =      0,                                                                    if R21< r21 and R21=>K%;

         (R21- r21)( Yj + Yk + Yl )Yk/
                  { (R21 - K%)Yk + (R21 - L%)Yl },                              if R21< r21 and R21<K%;

         (R21- r21)( Yj + Yk + Yl )Yk/
                  {(R21 - J%)Yj + (R21 - K%)Yk },                               if R21=> r21 and L%>R21=>K%; and

         0,                                                                     if R21=> r21 and R21<K%.

                                                             10

Δ2Yl =      (R21- r21)( Yj + Yk + Yl )/(R21 - L%),                                if R21< r21 and
K%<=R21<L%;

         (R21- r21)( Yj + Yk + Yl )Yl/{ (R21 - K%)Yk + (R21 - L%)Yl },          if R21< r21 and R21<K%;

         0,                                                                     if R21=> r21.

Δ2Ym =      0,                                                                    if R22< r22;

         (R22- r22)( Ym + Yn )/(R22 - M%),                    if R22=> r22 and R22=>M%;

Δ2Yn =      the greater of 0 and ΔPn - Zn,                                           if R22=N%;

         (R22- r22)( Ym + Yn)/(R22 - N%),                                       if R22< r22 and M%<=R22<N%;

         0,                                                                     if R22=> r22 and R22<N%.

Δ2Yj, Δ2Yk, Δ2Yl, Δ2Ym and Δ2Yn are numbers respectively between Yj, Yk, Yl, Ym and
         Yn and 0 such that:

                  {J%(Yj - Δ2Yj ) + K%( Yk.- Δ2Yk) + L%( Yl.- Δ2Yl)}/
                           ( Yj - Δ2Yj + Yk.- Δ2Yk + Yl.- Δ2Yl)

                  = R21;

         and

                  { M%( Ym.- Δ2Ym) + N%( Yn.- Δ2Yn) }/
                           (Ym.- Δ2Ym + Yn.- Δ2Yn)

                  = R22.

Y21 =    Yj - Δ2Yj + Yk.- Δ2Yk + Yl.- Δ2Yl.

P21 =    Pj + Pk + Pl.

Z21 =    Zj + Zk + Zl.

ΔY21 =   ΔYj - Δ2Yj + ΔYk.- Δ2Yk + ΔYl.- Δ2Yl.

ΔP21 =   ΔPj + ΔPk + ΔPl.

ΔZ21 =   ΔZj + ΔZk + ΔZl.

Y22 =    Ym.- Δ2Ym + Yn.- Δ2Yn.

P22 =    Pm + Pn.

                                                             11

Z22 =    Zm + Zn.

ΔY22 =   ΔYm.- Δ2Ym + ΔYn.- Δ2Yn

ΔP22 =   ΔPm + ΔPn.

ΔZ22 =   ΔZm + ΔZn.

1.       If Y22 - α(P22 - ΔP22) => 0, Y21- α(P21 - ΔP21) => 0, and γ2(P21 -
         ΔP21) < (P22 - ΔP22), then ΔY22 = Y22 - αγ2(P21 - ΔP21) and
         ΔY21 = Y21 - α(P21 - ΔP21).

2.       If Y22 - α(P22 - ΔP22) => 0, Y21 - α(P21 - ΔP21) => 0, and
         γ2(P21 - ΔP21) => (P22 - ΔP22), then ΔY22 = Y22 - α(P22 - ΔP22) and
         ΔY21 = Y21 - (α/γ2)(P22 - ΔP22).

3.       If Y22 - α(P22 - ΔP22) < 0, Y21 - α(P21 - ΔP21) => 0, and
         Y21 - α(P21 - ΔP21) => Y21 - (Y22/γ2), then
         ΔY22 = Y22 - αγ2(P21 - ΔP21) and ΔY21 = Y21 - α(P21 - ΔP21).

4.       If Y22 - α(P22 - ΔP22) < 0, Y21 - (Y22/γ2) => 0, and
         Y21 - α(P21 - ΔP21) <= Y21 - (Y22/γ2), then ΔY22 = 0 and
         ΔY21 = Y21 - (Y22/γ2).

5.       If Y21 - α(P21 - ΔP21) < 0, Y21 - (Y22/γ2) < 0, and
         Y22 - α(P22 - ΔP22) <= Y22 - (γ2Y21), then ΔY22 = Y22 - (γ2Y21) and
         ΔY21 = 0.

6.       If Y21 - α(P21 - ΔP21) < 0, Y22 - α(P22 - ΔP22) => 0, and
         Y22 - α(P22 - ΔP22) => Y22 - (γ2Y21), then ΔY22 = Y22 - α(P22 - ΔP22)
         and ΔY21 = Y21 - (α/γ2)(P22 - ΔP22).

ΔYj = Δ2Yj + [(Yj - Δ2Yj )/Y21 ] ΔY21

ΔYk = Δ2Yk + [(Yk - Δ2Yk )/Y21 ] ΔY21

ΔYl = Δ2Yl + [(Yl - Δ2Yl )/Y21 ] ΔY21

ΔYm = Δ2Ym + [(Ym - Δ2Ym )/Y22 ] ΔY22

ΔYn = Δ2Yn + [(Yn - Δ2Yn )/Y22 ] ΔY22

The purpose of the foregoing definitional provisions together with the related provisions allocating Realized
Losses and defining the Principal Distribution Amounts for the respective Uncertificated Lower-Tier Regular
Interests is to accomplish the following goals in the following order of priority:

1.       Making the ratio of (Y22 - ΔY22 ) to (Y21 - ΔY21 ) equal to γ2 after taking account of
         the allocation Realized Losses and the distributions that will be made through the end of the
         Distribution Date to which such provisions relate and assuring that each of the Uncertificated
         Lower-Tier Regular Interest Y Principal Reduction Amounts and Uncertificated Lower-Tier Regular Interest
         Z Principal Reduction Amounts is greater than or equal to zero for such Distribution Date;

                                                             12

2.       Making the Uncertificated Principal Balance of Uncertificated Lower-Tier Regular Interest Y-AA less than
         or equal to 0.0005 of the sum of the Uncertificated Principal Balances of Uncertificated Lower-Tier
         Regular Interests Y-AA and Uncertificated Lower-Tier Regular Interest Z-AA, the Uncertificated Principal
         Balance of Uncertificated Lower-Tier Regular Interest Y-BB less than or equal to 0.0005 of the sum of
         the Uncertificated Principal Balances of Uncertificated Lower-Tier Regular Interest Y-BB and
         Uncertificated Lower-Tier Regular Interest Z-BB, the Uncertificated Principal Balance of Uncertificated
         Lower-Tier Regular Interest Y-CC less than or equal to 0.0005 of the sum of the Uncertificated Principal
         Balances of Uncertificated Lower-Tier Regular Interest Y-CC and Uncertificated Lower-Tier Regular
         Interest Z-CC and the Uncertificated Principal Balance of Uncertificated Lower-Tier Regular Interest
         Y-DD less than or equal to 0.0005 of the sum of the Uncertificated Principal Balances of Uncertificated
         Lower-Tier Regular Interest Y-DD and Uncertificated Lower-Tier Regular Interest Z-DD, in each case after
         giving effect to allocations of Realized Losses and distributions to be made through the end of the
         Distribution Date to which such provisions relate; and

3.       Making the larger of (a) the fraction whose numerator is (Y22 - ΔY22 ) and whose denominator is
         the sum of (Y22 - ΔY22) and (Z22 - ΔZ22) and (b) the fraction whose numerator is (Y21 -
         ΔY21) and whose denominator is the sum of (Y21 - ΔY21) and (Z21 - ΔZ21) as large as
         possible while remaining less than or equal to 0.0005.

In the event of a failure of the foregoing portion of the definition of Uncertificated Lower-Tier Regular
Interest Y Principal Reduction Amounts to accomplish both of goals 1 and 2 above, the amounts thereof should be
adjusted to so as to accomplish such goals within the requirement that each Uncertificated Lower-Tier Regular
Interest Y Principal Reduction Amount must be less than or equal to the sum of (a) the Principal Realized Losses
to be allocated on the related Distribution Date for the related Loan Group remaining after the allocation of
such Realized Losses to the related class of ratio-strip principal only certificates, if any, and (b) the
remainder of the Pool Distribution Amount for the related Loan Group or after reduction thereof by the
distributions to be made on such Distribution Date (i) to the related class of ratio-strip principal only
certificates, if any, (ii) to the related class of ratio-strip interest only certificates, if any, and (iii) in
respect of interest on the related Uncertificated Lower-Tier Regular Interests, or, if both of such goals cannot
be accomplished within such requirement, such adjustment as is necessary shall be made to accomplish goal 1
within such requirement.  In the event of any conflict among the provisions of the definition of the
Uncertificated Lower-Tier Regular Interest Y Principal Reduction Amounts, such conflict shall be resolved on the
basis of the goals and their priorities set forth above within the requirement set forth in the preceding
sentence.  If the formula allocations of ΔY21 among ΔYj, ΔYk and ΔYl or ΔY22 among
ΔYm and ΔYn cannot be achieved because one or more of ΔYj, ΔYk, ΔYl, ΔYm and
ΔYn, as so defined, is greater than the related one of ΔPj, ΔPk, ΔPl, ΔPm and
ΔPn, such an allocation shall be made as close as possible to the formula allocation within the requirement
that ΔYj < ΔPj, ΔYk < ΔPk, ΔYl < ΔPl, ΔYm < ΔPm and ΔYn <
ΔPn.

                                                             13

III.  If K%<=R<=L%, make the following additional definitions:

Δ3Yj =      0,                                                                    if R31< r31; and

         (R31- r31)( Yj + Yk )/(R31 - J%),                                      if R31=> r31 and K%>R31=>J%.

Δ3Yk =      (R31- r31)( Yj + Yk )/(R31 - K%),                                     if R31< r31 and R31<K%;
         and

         0,                                                                     if R31=> r31 and R31<K%.

Δ3Yl =      0,                                                                    if R32< r32;

         (R32- r32)( Yl + Ym + Yn)Yl/
                  { (R32 - L%)Yl + (R32 - M%)Ym },                              if R32=> r32 and N%>R32=>M%;

         (R32- r32)( Yl + Ym + Yn)/(R32 - L%),                         if R32=> r32 and M%>R32=>L%;

Δ3Ym =      0,                                                                    if R32< r32 and R32=>M%;

         (R32- r32)( Yl + Ym + Yn)Ym/
                  { (R32 - M%)Ym + (R32 - N%)Yn },                              if R32< r32 and L%<=R32<M%;

         (R32- r32)( Yl + Ym + Yn)Ym/
                  { (R32 - L%)Yl + (R32 - M%)Ym },                              if R32=> r32 and N%>R32=>M%;

         0,                                                                     if R32=> r32 and R32<M%.

Δ3Yn =      0,                                                                    if R32< r32 and R32=>N%;

         (R32- r32)( Yl + Ym + Yn)/(R32 - N%),                                  if R32< r32 and M%<=R32<N%;

         (R32- r32)( Yl + Ym + Yn )Yn/
                  { (R32 - M%)Ym + (R32 - N%)Yn },                              if R32< r32 and L%<=R32<M%;

         0,                                                                     if R32=> r32 and R32<N%.

Δ3Yj, Δ3Yk, Δ3Yl, Δ3Ym and Δ3Yn are numbers respectively between Yj, Yk, Yl, Ym,
and Yn and 0 such that:

                  {J%(Yj - Δ3Yj ) + K%( Yk.- Δ3Yk) }/
                           ( Yj - Δ3Yj + Yk.- Δ3Yk)

                  = R31;

                                                             14

         and

                  { L%( Yl.- Δ3Yl) + M%( Ym.- Δ3Ym) + N%( Yn.- Δ3Yn ) }/
                           (Yl.- Δ3Yl + Ym.- Δ3Ym + Yn.- Δ3Yn )

                  = R32.

Y31 =    Yj - Δ3Yj + Yk.- Δ3Yk.

P31 =    Pj + Pk.

Z31 =    Zj + Zk.

ΔY31 =      ΔYj - Δ3Yj + ΔYk.- Δ3Yk.

ΔP31 =      ΔPj + ΔPk.

ΔZ31 =      ΔZj + ΔZk.

Y32 =    Yl.- Δ3Yl + Ym.- Δ3Ym + Yn.- Δ3Yn .

P32 =    Pl + Pm + Pn .

Z32 =    Zl + Zm + Zn.

ΔY32 =      ΔYl.- Δ3Yl + ΔYm.- Δ3Ym + ΔYn.- Δ3Yn .

ΔP32 =      ΔPl + ΔPm + ΔPn.

ΔZ32 =      ΔZl + ΔZm + ΔZn.

1.       If Y32 - α(P32 - ΔP32) => 0, Y31- α(P31 - ΔP31) => 0, and γ3(P31 -
         ΔP31) < (P32 - ΔP32), then ΔY32 = Y32 - αγ3(P31 - ΔP31) and
         ΔY31 = Y31 - α(P31 - ΔP31).

2.       If Y32 - α(P32 - ΔP32) => 0, Y31 - α(P31 - ΔP31) => 0, and
         γ3(P31 - ΔP31) => (P32 - ΔP32), then ΔY32 = Y32 - α(P32 - ΔP32) and
         ΔY31 = Y31 - (α/γ3)(P32 - ΔP32).

3.       If Y32 - α(P32 - ΔP32) < 0, Y31 - α(P31 - ΔP31) => 0, and
         Y31 - α(P31 - ΔP31) => Y31 - (Y32/γ3), then
         ΔY32 = Y32 - αγ3(P31 - ΔP31) and ΔY31 = Y31 - α(P31 - ΔP31).

4.       If Y32 - α(P32 - ΔP32) < 0, Y31 - (Y32/γ3) => 0, and
         Y31 - α(P31 - ΔP31) <= Y31 - (Y32/γ3), then ΔY32 = 0 and
         ΔY31 = Y31 - (Y32/γ3).

5.       If Y31 - α(P31 - ΔP31) < 0, Y31 - (Y32/γ3) < 0, and
         Y32 - α(P32 - ΔP32) <= Y32 - (γ3Y31), then ΔY32 = Y32 - (γ3Y31) and
         ΔY31 = 0.

6.       If Y31 - α(P31 - ΔP31) < 0, Y32 - α(P32 - ΔP32) => 0, and
         Y32 - α(P32 - ΔP32) => Y32 - (γ3Y31), then ΔY32 = Y32 - α(P32 - ΔP32)
         and ΔY31 = Y31 - (α/γ3)(P32 - ΔP32).

                                                             15

ΔYj = Δ3Yj + [(Yj - Δ3Yj )/Y31 ] ΔY31

ΔYk = Δ3Yk + [(Yk - Δ3Yk )/Y31 ] ΔY31

ΔYl = Δ3Yl + [(Yl - Δ3Yl )/Y32 ] ΔY32

ΔYm = Δ3Ym + [(Ym - Δ3Ym )/Y32 ] ΔY32

ΔYn = Δ3Yn + [(Yn - Δ3Yn )/Y32 ] ΔY32

The purpose of the foregoing definitional provisions together with the related provisions allocating Realized
Losses and defining the Principal Distribution Amounts of the respective Uncertificated Lower-Tier Regular
Interests is to accomplish the following goals in the following order of priority:

         1.       Making the ratio of (Y32 - ΔY32 ) to (Y31 - ΔY31 ) equal to γ3 after taking
                  account of the allocation Realized Losses and the distributions that will be made through the
                  end of the Distribution Date to which such provisions relate and assuring that each of the
                  Uncertificated Lower-Tier Regular Interest Y Principal Reduction Amounts and Uncertificated
                  Lower-Tier Regular Interest Z Principal Reduction Amounts is greater than or equal to zero for
                  such Distribution Date;

         2.       Making the Uncertificated Principal Balance of Uncertificated Lower-Tier Regular Interest Y-AA
                  less than or equal to 0.0005 of the sum of the Uncertificated Principal Balances of
                  Uncertificated Lower-Tier Regular Interests Y-AA and Uncertificated Lower-Tier Regular Interest
                  Z-AA, the Uncertificated Principal Balance of Uncertificated Lower-Tier Regular Interest Y-BB
                  less than or equal to 0.0005 of the sum of the Uncertificated Principal Balances of
                  Uncertificated Lower-Tier Regular Interest Y-BB and Uncertificated Lower-Tier Regular Interest
                  Z-BB, the Uncertificated Principal Balance of Uncertificated Lower-Tier Regular Interest Y-CC
                  less than or equal to 0.0005 of the sum of the Uncertificated Principal Balances of
                  Uncertificated Lower-Tier Regular Interest Y-CC and Uncertificated Lower-Tier Regular Interest
                  Z-CC and the Uncertificated Principal Balance of Uncertificated Lower-Tier Regular Interest
                  Y-DD less than or equal to 0.0005 of the sum of the Uncertificated Principal Balances of
                  Uncertificated Lower-Tier Regular Interest Y-DD and Uncertificated Lower-Tier Regular Interest
                  Z-DD, in each case after giving effect to allocations of Realized Losses and distributions to
                  be made through the end of the Distribution Date to which such provisions relate; and

         3.       Making the larger of (a) the fraction whose numerator is (Y32 - ΔY32 ) and whose
                  denominator is the sum of (Y32 - ΔY32) and (Z32 - ΔZ32) and (b) the fraction whose
                  numerator is (Y31 - ΔY31) and whose denominator is the sum of (Y31 - ΔY31) and (Z31
                  - ΔZ31) as large as possible while remaining less than or equal to 0.0005.

                                                             16

In the event of a failure of the foregoing portion of the definition of Uncertificated Lower-Tier Regular
Interest Y Principal Reduction Amounts to accomplish both of goals 1 and 2 above, the amounts thereof should be
adjusted to so as to accomplish such goals within the requirement that each Uncertificated Lower-Tier Regular
Interest Y Principal Reduction Amount must be less than or equal to the sum of (a) the Principal Realized Losses
to be allocated on the related Distribution Date for the related Loan Group remaining after the allocation of
such Realized Losses to the related class of ratio-strip principal only certificates, if any, and (b) the
remainder of the Pool Distribution Amount for the related Loan Group or after reduction thereof by the
distributions to be made on such Distribution Date (i) to the related class of ratio-strip principal only
certificates, if any, (ii) to the related class of ratio-strip interest only certificates, if any, and (iii) in
respect of interest on the related Uncertificated Lower-Tier Regular Interests, or, if both of such goals cannot
be accomplished within such requirement, such adjustment as is necessary shall be made to accomplish goal 1
within such requirement.  In the event of any conflict among the provisions of the definition of Uncertificated
Lower-Tier Regular Interest Y Principal Reduction Amounts, such conflict shall be resolved on the basis of the
goals and their priorities set forth above within the requirement set forth in the preceding sentence.  If the
formula allocations of ΔY31 among ΔYj and ΔYk or ΔY32 among ΔYl, ΔYm and
ΔYn cannot be achieved because one or more of ΔYj, ΔYk, ΔYl, ΔYm and ΔYn, as
so defined, is greater than the related one of ΔPj, ΔPk, ΔPl, ΔPm and ΔPn, such an
allocation shall be made as close as possible to the formula allocation within the requirement that ΔYj <
ΔPj, ΔYk < ΔPk, ΔYl < ΔPl, ΔYm < ΔPm and ΔYn < ΔPn.

IV.  If R<=K%, make the following additional definitions:

Δ4Yk =      0,                                                                    if R42< r42;

         (R42- r42)( Yk + Yl + Ym + Yn )Yk/
                  { (R42 - K%)Yk + (R42 - L%)Yl + (R42 - M%)Ym },               if R42=> r42 and N%>R42=>M%;

         (R42- r42)( Yk + Yl + Ym + Yn )Yk/
                  { (R42 - K%)Yk + (R42 - L%)Yl },                              if R42=> r42 and M%>R42=>L%; and

         (R42- r42)( Yk + Yl + Ym + Yn )/(R42 - K%),                                    if R42=> r42 and
         L%>R42=>K%.

Δ4Yl =      0,                                                                    if R42< r42 and R42=>L%;

         (R42- r42)( Yk + Yl + Ym + Yn )Yl/
                  { (R42 - L%)Yl + (R42 - M%)Ym +
                  (R42 - N%)Yn },                                               if R42< r42 and L%>R42=>K%;

         (R42- r42)( Yk + Yl + Ym + Yn )Yl/
                  { (R42 - K%)Yk + (R42 - L%)Yl + (R42 - M%)Ym },               if R42=> r42 and N%>R42=>M%;

         (R42- r42)( Yk + Yl + Ym + Yn )Yl/
                  { (R42 - K%)Yk + (R42 - L%)Yl },                              if R42=> r42 and M%>R42=>L%;

         0,                                                                     if R42=> r42 and R42<L%.

                                                             17

Δ4Ym =      0,                                                                    if R42< r42 and R42=>M%;

         (R42- r42)( Yk + Yl + Ym + Yn )Ym/
                  { (R42 - M%)Ym + (R42 - N%)Yn },                              if R42< r42 and L%<=R42<M%;

         (R42- r42)( Yk + Yl + Ym + Yn )Ym/
                  { (R42 - L%)Yl + (R42 - M%)Ym + (R42 - N%)Yn },               if R42< r42 and K<=R42<L%;

         (R42- r42)( Yk + Yl + Ym + Yn )Ym/
                  { (R42 - K%)Yk + (R42 - L%)Yl + (R42 - M%)Ym },               if R42=> r42 and N%>R42=>M%;

         0,                                                                     if R42=> r42 and R42<M%.

Δ4Yn =      0,                                                                    if R42< r42 and R42=>N%;

         (R42- r42)( Yk + Yl + Ym + Yn )/ (R42 - N%),                                   if R42< r42 and
         M%<=R42<N%;

         (R42- r42)( Yk + Yl + Ym + Yn )Yn/
                  { (R42 - M%)Ym + (R42 - N%)Yn },                              if R42< r42 and L%<=R42<M%;

         (R42- r42)( Yk + Yl + Ym + Yn )Yn/
                  { (R42 - L%)Yl + (R42 - M%)Ym + (R42 - N%)Yn },               if R42< r42 and K%<=R42<L%;

         0,                                                                     if R42=> r42 and R42<N%.

Δ4Yk, Δ4Yl, Δ4Ym and Δ4Yn are numbers respectively between Yk, Yl, Ym and Yn and 0 such
that
                  { K%( Yk.- Δ4Yk) + L%( Yl.- Δ4Yl) + M%( Ym.- Δ4Ym) + N%( Yn.- Δ4Yn) }/
                           ( Yk.- Δ4Yk + Yl.- Δ4Yl + Ym.- Δ4Ym + Yn.- Δ4Yn )
                  = R42.

Y42 =    Yk.- Δ4Yk + Yl.- Δ4Yl + Ym.- Δ4Ym + Yn.- Δ4Yn .

P42 =    Pk + Pl + Pm + Pn.

Z42 =    Zk + Zl + Zm + Zn.

                                                             18

ΔY42 =      ΔYk.- Δ4Yk + ΔYl.- Δ4Yl + ΔYm.- Δ4Ym + ΔYn.-
Δ4Yn .

ΔP42 =      ΔPk + ΔPl + ΔPm + ΔPn.
ΔZ42 =      ΔZk + ΔZl + ΔZm + ΔZn.

1.       If Y42 - α(P42 - ΔP42) => 0, Yj- α(Pj - ΔPj) => 0, and γ4(Pj - ΔPj)
         < (P42 - ΔP42), then ΔY42 = Y42 - αγ4(Pj - ΔPj) and
         ΔYj = Yj - α(Pj - ΔPj).

2.       If Y42 - α(P42 - ΔP42) => 0, Yj - α(Pj - ΔPj) => 0, and γ4(Pj - ΔPj)
         => (P42 - ΔP42), then ΔY42 = Y42 - α(P42 - ΔP42) and
         ΔYj = Yj - (α/γ4)(P42 - ΔP42).

3.       If Y42 - α(P42 - ΔP42) < 0, Yj - α(Pj - ΔPj) => 0, and
         Yj - α(Pj - ΔPj) => Yj - (Y42/γ4), then
         ΔY42 = Y42 - αγ4(Pj - ΔPj) and ΔYj = Yj - α(Pj - ΔPj).

4.       If Y42 - α(P42 - ΔP42) < 0, Yj - (Y42/γ4) => 0, and
         Yj - α(Pj - ΔPj) <= Yj - (Y42/γ4), then ΔY42 = 0 and
         ΔYj = Yj - (Y42/γ4).

5.       If Yj - α(Pj - ΔPj) < 0, Yj - (Y42/γ4) < 0, and
         Y42 - α(P42 - ΔP42) <= Y42 - (γ4Yj), then ΔY42 = Y42 - (γ4Yj) and
         ΔYj = 0.

6.       If Yj - α(Pj - ΔPj) < 0, Y42 - α(P42 - ΔP42) => 0, and
         Y42 - α(P42 - ΔP42) => Y42 - (γ4Yj), then ΔY42 = Y42 - α(P42 - ΔP42)
         and ΔYj = Yj - (α/γ4)(P42 - ΔP42).

ΔYk = Δ4Yk + [(Yk - Δ4Yk )/Y42 ] ΔY42

ΔYl = Δ4Yl + [(Yl - Δ4Yl )/Y42 ] ΔY42

ΔYm = Δ4Ym + [(Ym - Δ4Ym )/Y42 ] ΔY42

ΔYn = Δ4Yn + [(Yn - Δ4Yn )/Y42 ] ΔY42

The purpose of the foregoing definitional provisions together with the related provisions allocating Realized
Losses and defining the Principal Distribution Amounts for the respective Uncertificated Lower-Tier Regular
Interests is to accomplish the following goals in the following order of priority:

1.       Making the ratio of (Y42 - ΔY42 ) to (Yj - ΔYj ) equal to γ4 after taking account of
         the allocation Realized Losses and the distributions that will be made through the end of the
         Distribution Date to which such provisions relate and assuring that each of the Uncertificated
         Lower-Tier Regular Interest Y Principal Reduction Amounts and Uncertificated Lower-Tier Regular Interest
         Z Principal Reduction Amounts is greater than or equal to zero for such Distribution Date;

2.       Making the Uncertificated Principal Balance of Uncertificated Lower-Tier Regular Interest Y-AA less than
         or equal to 0.0005 of the sum of the Uncertificated Principal Balances of Uncertificated Lower-Tier
         Regular Interests Y-AA and Uncertificated Lower-Tier Regular Interest Z-AA, the Uncertificated Principal
         Balance of Uncertificated Lower-Tier Regular Interest Y-BB less than or equal to 0.0005 of the sum of
         the Uncertificated Principal Balances of Uncertificated Lower-Tier Regular Interest Y-BB and

                                                             19

         Uncertificated Lower-Tier Regular Interest Z-BB, the Uncertificated Principal Balance of Uncertificated
         Lower-Tier Regular Interest Y-CC less than or equal to 0.0005 of the sum of the Uncertificated Principal
         Balances of Uncertificated Lower-Tier Regular Interest Y-CC and Uncertificated Lower-Tier Regular
         Interest Z-CC and the Uncertificated Principal Balance of Uncertificated Lower-Tier Regular Interest
         Y-DD less than or equal to 0.0005 of the sum of the Uncertificated Principal Balances of Uncertificated
         Lower-Tier Regular Interest Y-DD and Uncertificated Lower-Tier Regular Interest Z-DD, in each case after
         giving effect to allocations of Realized Losses and distributions to be made through the end of the
         Distribution Date to which such provisions relate; and

3.       Making the larger of (a) the fraction whose numerator is (Y42 - ΔY42 ) and whose denominator is
         the sum of (Y42 - ΔY42) and (Z42 - ΔZ42) and (b) the fraction whose numerator is (Yj -
         ΔYj) and whose denominator is the sum of (Yj - ΔYj) and (Zj - ΔZj) as large as
         possible while remaining less than or equal to 0.0005.

In the event of a failure of the foregoing portion of the definition of Uncertificated Lower-Tier Regular
Interest Y Principal Reduction Amounts to accomplish both of goals 1 and 2 above, the amounts thereof should be
adjusted to so as to accomplish such goals within the requirement that each Uncertificated Lower-Tier Regular
Interest Y Principal Reduction Amount must be less than or equal to the sum of (a) the Principal Realized Losses
to be allocated on the related Distribution Date for the related Loan Group remaining after the allocation of
such Realized Losses to the related class of ratio-strip principal only certificates, if any, and (b) the
remainder of the Pool Distribution Amount for the related Loan Group or after reduction thereof by the
distributions to be made on such Distribution Date (i) to the related class of ratio-strip principal only
certificates, if any, (ii) to the related class of ratio-strip interest only certificates, if any, and (iii) in
respect of interest on the related Uncertificated Lower-Tier Regular Interests, or, if both of such goals cannot
be accomplished within such requirement, such adjustment as is necessary shall be made to accomplish goal 1
within such requirement.  In the event of any conflict among the provisions of the definition of Uncertificated
Lower-Tier Regular Interest Y Principal Reduction Amounts, such conflict shall be resolved on the basis of the
goals and their priorities set forth above within the requirement set forth in the preceding sentence.  If the
formula allocation of ΔY42 among ΔYk, ΔYl, ΔYm and ΔYn cannot be achieved because
one or more of ΔYk, ΔYl, ΔYm and ΔYn, as so defined, is greater than the related one of
ΔPk, ΔPl, ΔPm and ΔPn, such an allocation shall be made as close as possible to the
formula allocation within the requirement that ΔYk < ΔPk, ΔYl < ΔPl, ΔYm <
ΔPm and ΔYn < ΔPn.

NOTES:

1.       Uncertificated Lower-Tier Regular Interests Y-AA and Z-AA are related to Loan Group AA.  The sum of the
Uncertificated Principal Balances of Uncertificated Lower-Tier Regular Interests Y-AA and Z-AA is equal to the
aggregate stated principal balance of the Mortgage Loans in Loan Group AA.  Uncertificated Lower-Tier Regular
Interests Y-BB and Z-BB are related to Loan Group BB.  The sum of the Uncertificated Principal Balances of
Uncertificated Lower-Tier Regular Interests Y-BB and Z-BB is equal to the aggregate stated principal balance of
the Mortgage Loans in Loan Group BB.  Uncertificated Lower-Tier Regular Interests Y-CC and Z-CC are related to
Loan Group CC.  The sum of the Uncertificated Principal Balances of Uncertificated Lower-Tier Regular Interests
Y-CC and Z-C is equal to the aggregate stated principal balance of the Mortgage Loans in Loan Group CC.
Uncertificated Lower-Tier Regular Interests Y-DD and Z-DD are related to Loan Group DD.  The sum of the
Uncertificated Principal Balances of Uncertificated Lower-Tier Regular Interests Y-DD and Z-D is equal to the
aggregate stated principal balance of the Mortgage Loans in Loan Group DD.  The Uncertificated Lower-Tier Regular
Interests will be principal and interest classes bearing interest at the pass-through rate for the related Loan
Group.

2.       The Class B pass-through rate is the weighted average of the pass-through rates on the Uncertificated
Lower-Tier Y Regular Interests.

                                                     EXHIBIT A-1

                                            FORM OF CLASS A 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").

                  THE CERTIFICATE  BALANCE OF THIS CERTIFICATE  WILL BE DECREASED BY THE PRINCIPAL  PAYMENTS HEREON
AND ANY REALIZED LOSSES ALLOCATED  HERETO.  ACCORDINGLY,  FOLLOWING THE INITIAL ISSUANCE OF THE  CERTIFICATES,  THE
CERTIFICATE  BALANCE OF THIS  CERTIFICATE  WILL BE DIFFERENT FROM THE  DENOMINATION  SHOWN BELOW.  ANYONE ACQUIRING
THIS CERTIFICATE MAY ASCERTAIN ITS CERTIFICATE BALANCE BY INQUIRY OF THE CERTIFICATE ADMINISTRATOR NAMED HEREIN.

                  UNLESS THIS  CERTIFICATE IS PRESENTED BY AN AUTHORIZED  REPRESENTATIVE  OF THE  DEPOSITORY  TRUST
COMPANY TO THE CERTIFICATE  ADMINISTRATOR OR ITS AGENT FOR REGISTRATION OF TRANSFER,  EXCHANGE OR PAYMENT,  AND ANY
CERTIFICATE  ISSUED IS  REGISTERED  IN THE NAME OF CEDE & CO. OR SUCH  OTHER  NAME AS  REQUESTED  BY AN  AUTHORIZED
REPRESENTATIVE  OF THE  DEPOSITORY  TRUST COMPANY (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS
IS REQUESTED BY AN AUTHORIZED  REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY),  ANY TRANSFER,  PLEDGE OR OTHER USE
HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL  SINCE THE REGISTERED  OWNER HEREOF,  CEDE & CO., HAS
AN INTEREST HEREIN.

Certificate No. _____
                                                           Adjustable Pass-Through Rate

Class _____-A-_____ Senior

Date of Pooling and Servicing Agreement: March 27, 2007

                                                           Initial Class Certificate Balance of this Certificate
Cut-off                                                    as of the Cut-off Date:
Date:
                                                           $___________________
March 1, 2007

                                                           Initial Certificate Balance of this Certificate as of
First Distribution Date:                                   the Cut-off Date:

April 20, 2007                                             $____________________

Master Servicer:
                                                           CUSIP: [92977T]_____
U.S. Bank National Association

Assumed Final Distribution Date:

March 20, 2037

                                WACHOVIA MORTGAGE LOAN TRUST, LLC SERIES 2007-A TRUST
                                          MORTGAGE PASS-THROUGH CERTIFICATE
                                                    SERIES 2007-A

         evidencing  a  percentage  interest in the  distributions  allocable  to the Class  _____-A-_____
         Certificates  with  respect to a Trust  consisting  primarily  of a pool of  adjustable  interest
         rate mortgage  loans secured by first liens on  one-to-four  family  residential  properties  and
         sold by WACHOVIA MORTGAGE LOAN TRUST, LLC.

                  This  Certificate  is payable  solely  from the assets of the Trust,  and does not  represent  an
obligation of or interest in Wachovia Mortgage Loan Trust, LLC ("WMLT"),  the Master Servicer,  the Servicers,  the
Certificate  Administrator  or the  Trustee  referred  to below or any of their  affiliates  or any  other  person.
Neither this  Certificate nor the underlying  Mortgage Loans are guaranteed or insured by any  governmental  entity
or by WMLT,  the Master  Servicer,  the Servicers,  the  Certificate  Administrator  or the Trustee or any of their
affiliates or any other person.  None of WMLT, the Master Servicer,  the Servicers,  the Certificate  Administrator
or any of their  affiliates will have any obligation with respect to any  certificate or other  obligation  secured
by or payable from payments on the Certificates.

                  This  certifies  that Cede & Co. is the registered  owner of the  Percentage  Interest  evidenced
hereby in the  Certificates  of the same  Class as this  Certificate,  which  Certificates  evidence  a  beneficial
interest in a trust (the "Trust")  primarily  consisting of conventional  adjustable rate mortgage loans secured by
first liens on one- to four- family residential properties  (collectively,  the "Mortgage Loans") sold by WMLT. The
Mortgage Loans were sold by Wachovia Bank, National  Association  ("WBNA") to WMLT. U.S. Bank National  Association
("U.S.  Bank") will act as master  servicer of the Mortgage Loans (the "Master  Servicer,"  which term includes any
successors  thereto  under the  Agreement  referred  to below)  and  certificate  administrator  (the  "Certificate
Administrator,"  which term includes any successors thereto under the Agreement  referred to below).  National City
Mortgage  Co.,  Fifth Third  Mortgage  Company,  SunTrust  Mortgage,  Inc. and Wells Fargo Bank,  N.A.  will act as
servicers of the Mortgage Loans (the  "Servicers,"  which term includes any successors  thereto under the Agreement
referred to below).  The Trust was created  pursuant to the Pooling and Servicing  Agreement  dated as of March 27,
2007 (the  "Agreement"),  among WMLT, as depositor,  U.S. Bank, as master servicer and  certificate  administrator,
National City Mortgage Co., Fifth Third  Mortgage  Company,  SunTrust  Mortgage,  Inc. and Wells Fargo Bank,  N.A.,
each as servicers,  and HSBC Bank USA, National  Association,  as trustee (the "Trustee"),  a summary of certain of
the pertinent  provisions of which is set forth  hereafter.  To the extent not defined  herein,  capitalized  terms
used herein  shall have the meaning  ascribed to them in the  Agreement.  This  Certificate  is issued under and is
subject  to the  terms,  provisions  and  conditions  of the  Agreement,  to which  Agreement  the  Holder  of this
Certificate by virtue of its acceptance hereof assents and by which such Holder is bound.

                  Interest on this  Certificate  will accrue during the one-month  period ending on the last day of
the month preceding the month in which such  Distribution  Date (as hereinafter  defined) occurs on the Certificate
Balance  hereof at a per annum rate equal to the  Pass-Through  Rate set forth in the  Agreement.  The  Certificate
Administrator  will  distribute  on the 20th day of each  month,  or, if such 20th day is not a Business  Day,  the
immediately  following  Business Day (each,  a  "Distribution  Date"),  commencing on the first  Distribution  Date
specified  above,  to the Person in whose name this  Certificate  is  registered  at the close of  business  on the
related Record Date, an amount equal to the product of the Percentage  Interest  evidenced by this  Certificate and
the amount of interest and principal,  if any,  required to be distributed  to the Holders of  Certificates  of the
same  Class  as this  Certificate.  The  Assumed  Final  Distribution  Date is the  Distribution  Date  immediately
following  the latest  scheduled  maturity  date of any Mortgage Loan and is not likely to be the date on which the
Class Certificate Balance of this Class of Certificates will be reduced to zero.

                  Distributions  on  this  Certificate  will  be  made  by the  Certificate  Administrator  by wire
transfer to the account at a bank or other  depository  institution  having  appropriate  wire transfer  facilities
specified in writing by such  Certificateholder to the Certificate  Administrator or, if no such prior written wire
transfer   instruction   has  been   provided  to  the   Certificate   Administrator,   by  check  mailed  to  such
Certificateholder  entitled to receive a distribution  on such  Distribution  Date at the address  appearing in the
Certificate  Register,  by wire  transfer,  or by such other  means of payment  as such  Certificateholder  and the
Certificate  Administrator shall agree upon.  Notwithstanding the above, the final distribution on this Certificate
will be made after due notice by the party named in the Agreement or the  Certificate  Administrator,  as described
in the  Agreement,  of the  pendency  of such  distribution  and  only  upon  presentation  and  surrender  of this
Certificate at the office or agency appointed by the Certificate  Administrator  for that purpose and designated in
such notice.  The initial  Certificate  Balance of this  Certificate is set forth above.  The  Certificate  Balance
hereof  will be reduced to the extent of  distributions  allocable  to  principal  hereon and any  Realized  Losses
allocated hereto.

                  This  Certificate is one of a duly authorized  issue of  Certificates  designated as set forth on
the face  hereof  (the  "Certificates").  The  Certificates,  in the  aggregate,  evidence  the  entire  beneficial
ownership interest in the Trust formed pursuant to the Agreement.

                  The  Certificateholder,  by its acceptance of this  Certificate,  agrees that it will look solely
to the Trust for payment  hereunder  and that neither the  Certificate  Administrator  nor the Trustee is liable to
the  Certificateholders  for any amount  payable  under this  Certificate  or the Agreement or, except as expressly
provided in the Agreement, subject to any liability under the Agreement.

                  This  Certificate  does not purport to  summarize  the  Agreement  and  reference  is made to the
Agreement for the interests,  rights and limitations of rights, benefits,  obligations and duties evidenced hereby,
and the rights, duties and immunities of the Certificate Administrator.

                  The Agreement permits,  with certain  exceptions therein provided,  the amendment thereof and the
modification of the rights and obligations of the Depositor,  the Master Servicer,  the Servicers,  the Certificate
Administrator  and the Trustee and the rights of the  Certificateholders  under the Agreement  from time to time by
the Depositor,  the Master  Servicer,  the  Servicers,  the  Certificate  Administrator  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 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  upon  surrender  of  this  Certificate  for
registration  of  transfer  at the  offices  or  agencies  maintained  by the  Certificate  Administrator  for such
purposes,  duly  endorsed  by, or  accompanied  by a written  instrument  of transfer in form  satisfactory  to the
Certificate  Administrator  duly  executed  by the Holder  hereof or such  Holder's  attorney  duly  authorized  in
writing,  and thereupon one or more new  Certificates  in authorized  denominations  representing  a like aggregate
Percentage Interest will be issued to the designated transferee.

                  The  Certificates  are issuable only as registered  Certificates  without  coupons in the Classes
and  denominations  specified in the  Agreement.  As provided in the Agreement  and subject to certain  limitations
therein set forth,  this  Certificate is exchangeable  for one or more new  Certificates  evidencing the same Class
and in the same aggregate Percentage Interest, as requested by the Holder surrendering the same.

                  No service charge will be made to the  Certificateholders  for any such registration of transfer,
but the Certificate  Administrator  may require payment of a sum sufficient to cover any tax or other  governmental
charge  payable in connection  therewith.  The Depositor,  the Servicers,  the Trustee,  the Master  Servicer,  the
Certificate  Administrator,  the  Certificate  Registrar and any agent of any of them may treat the Person in whose
name  this  Certificate  is  registered  as the owner  hereof  for all  purposes,  and none of the  Depositor,  the
Servicers, the Trustee, the Master Servicer, the Certificate  Administrator,  the Certificate Registrar or any such
agent shall be affected by notice to the contrary.

                  The  obligations  created  by the  Agreement  and the  Trust  created  thereby  (other  than  the
obligations  to make  payments to  Certificateholders  with  respect to the  termination  of the  Agreement)  shall
terminate upon the earlier of (i) the final payment or other  liquidation (or any advance with respect  thereto) of
the last  Mortgage  Loan  remaining  in the  Trust or the  disposition  of all REO  Property  or (ii) the  optional
repurchase  by the  party  named in the  Agreement  of all the  Mortgage  Loans  and  other  assets of the Trust in
accordance  with the  terms  of the  Agreement.  Such  optional  repurchase  may be made  only if the  Pool  Stated
Principal  Balance of the  Mortgage  Loans at the time of any such  repurchase  is less than 5% of the Cut-off Date
Pool Principal  Balance.  The exercise of such right will effect the early  retirement of the  Certificates.  In no
event,  however,  will the Trust  created by the  Agreement  continue  beyond the  expiration of 21 years after the
death of certain persons identified in the Agreement.

                  Unless this  Certificate  has been  countersigned  by an authorized  signatory of the Certificate
Administrator 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  Certificate  Administrator  has  caused  this  Certificate  to be duly
executed.

Dated: March 27, 2007                                U.S. BANK NATIONAL ASSOCIATION
                                                              not  in  its   individual   capacity  but  solely  as
                                                              Certificate Administrator

                                                              By:__________________________________________________
                                                                                Authorized Signatory

                                            CERTIFICATE OF AUTHENTICATION

                  This  is  one  of the  Class  _____-A-_____  Certificates  referred  to in  the  within-mentioned
Agreement.

                                                              U.S.   BANK   NATIONAL   ASSOCIATION   not   in   its
                                                              individual   capacity   but  solely  as   Certificate
                                                              Administrator

                                                              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.

                  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 A-2

                                          FORM OF CLASS 1-A-R CERTIFICATE

         THIS  CERTIFICATE  MAY NOT BE HELD BY OR TRANSFERRED TO A NON-U.S.  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, AS AMENDED (THE "CODE").

         THIS  CERTIFICATE  MAY NOT BE ACQUIRED  DIRECTLY OR  INDIRECTLY  BY, OR ON BEHALF OF, AN EMPLOYEE  BENEFIT
PLAN OR OTHER RETIREMENT  ARRANGEMENT THAT IS SUBJECT TO TITLE I OF THE EMPLOYEE  RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED ("ERISA"),  AND/OR SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE"),  OR
BY A  PERSON  USING  "PLAN  ASSETS"  OF A PLAN,  UNLESS  THE  PROPOSED  TRANSFEREE  PROVIDES  THE  TRUSTEE  AND THE
CERTIFICATE  ADMINISTRATOR  WITH A  REPRESENTATION  LETTER TO THE EFFECT THAT SUCH TRANSFEREE IS NOT ACQUIRING THIS
CERTIFICATE  DIRECTLY OR INDIRECTLY  FOR, OR ON BEHALF OF, OR WITH THE "PLAN  ASSETS" OF, AN EMPLOYEE  BENEFIT PLAN
OR OTHER RETIREMENT ARRANGEMENT WHICH IS SUBJECT TO TITLE I OF ERISA OR SECTION 4975 OF THE CODE.

         ANY  RESALE,  TRANSFER  OR  OTHER  DISPOSITION  OF  THIS  CERTIFICATE  MAY BE MADE  ONLY  IF THE  PROPOSED
TRANSFEREE  PROVIDES  A  TRANSFER  AFFIDAVIT  TO THE  CERTIFICATE  ADMINISTRATOR  AND THE  TRUSTEE  THAT  (1)  SUCH
TRANSFEREE IS NOT (A) THE UNITED STATES, ANY STATE OR POLITICAL  SUBDIVISION  THEREOF, ANY POSSESSION OF THE UNITED
STATES,  OR ANY  AGENCY OR  INSTRUMENTALITY  OF ANY OF THE  FOREGOING  (OTHER  THAN AN  INSTRUMENTALITY  WHICH IS A
CORPORATION  IF ALL OF ITS  ACTIVITIES  ARE SUBJECT TO TAX AND EXCEPT FOR  FREDDIE  MAC, A MAJORITY OF ITS BOARD OF
DIRECTORS IS NOT SELECTED BY SUCH GOVERNMENTAL  UNIT), (B) A FOREIGN  GOVERNMENT,  ANY INTERNATIONAL  ORGANIZATION,
OR ANY AGENCY OR  INSTRUMENTALITY  OF EITHER OF THE FOREGOING,  (C) ANY  ORGANIZATION  (OTHER THAN CERTAIN FARMERS'

COOPERATIVES  DESCRIBED  IN SECTION  521 OF THE CODE) WHICH IS EXEMPT FROM THE TAX IMPOSED BY CHAPTER 1 OF THE CODE
UNLESS SUCH  ORGANIZATION  IS SUBJECT TO THE TAX IMPOSED BY SECTION 511 OF THE CODE  (INCLUDING  THE TAX IMPOSED BY
SECTION 511 OF THE CODE ON UNRELATED  BUSINESS  TAXABLE  INCOME),  (D) A RURAL  ELECTRIC OR  TELEPHONE  COOPERATIVE
DESCRIBED IN SECTION  1381(a)(2)(C)  OF THE CODE,  (E) AN ELECTING  LARGE  PARTNERSHIP  UNDER SECTION 775(a) OF THE
CODE (ANY SUCH PERSON  DESCRIBED IN THE FOREGOING  CLAUSES (A), (B), (C), (D) OR (E) BEING HEREIN  REFERRED TO AS A
"DISQUALIFIED  ORGANIZATION"),  OR (F) AN AGENT OF A DISQUALIFIED ORGANIZATION,  (2) NO PURPOSE OF SUCH TRANSFER IS
TO IMPEDE THE  ASSESSMENT OR COLLECTION OF TAX AND (3) SUCH  TRANSFEREE  SATISFIES  CERTAIN  ADDITIONAL  CONDITIONS
RELATING  TO  THE  FINANCIAL  CONDITION  OF  THE  PROPOSED  TRANSFEREE.  NOTWITHSTANDING  THE  REGISTRATION  IN THE
CERTIFICATE  REGISTER  OR  ANY  TRANSFER,  SALE  OR  OTHER  DISPOSITION  OF  THIS  CERTIFICATE  TO  A  DISQUALIFIED
ORGANIZATION  OR AN AGENT OF A  DISQUALIFIED  ORGANIZATION,  SUCH  REGISTRATION  SHALL BE  DEEMED TO BE OF NO LEGAL
FORCE OR  EFFECT  WHATSOEVER  AND SUCH  PERSON  SHALL  NOT BE  DEEMED  TO BE A  CERTIFICATEHOLDER  FOR ANY  PURPOSE
HEREUNDER, INCLUDING, BUT NOT LIMITED TO, THE RECEIPT OF DISTRIBUTIONS ON THIS CERTIFICATE.

Certificate No. ____                                       Adjustable Pass-Through Rate

Class 1-A-R Senior

Date of Pooling and Servicing Agreement: March 27, 2007    Initial Class Certificate Balance of this Certificate
                                                           as of the Cut-off Date:
Cut-off Date:                                              $100.00
March 1, 2007

                                                           Initial Certificate Balance of this Certificate as of
First Distribution Date:                                   the Cut-off Date:
April 20, 2007                                             $____________________

Master Servicer:                                           CUSIP: [92977T]_____
U.S. U.S. Bank National Association

Assumed Final Distribution Date:
March 20, 2037

                                WACHOVIA MORTGAGE LOAN TRUST, LLC SERIES 2007-A TRUST
                                          MORTGAGE PASS-THROUGH CERTIFICATE
                                                    SERIES 2007-A

         evidencing a percentage  interest in the distributions  allocable to the Class 1-A-R Certificates
         with respect to a Trust  consisting  primarily of a pool of  adjustable  interest  rate  mortgage
         loans secured by first liens on one-to-four  family  residential  properties and sold by WACHOVIA
         MORTGAGE LOAN TRUST, LLC

                  This  Certificate  is payable  solely  from the assets of the Trust,  and does not  represent  an
obligation of or interest in Wachovia Mortgage Loan Trust, LLC ("WMLT"),  the Master Servicer,  the Servicers,  the
Certificate  Administrator  or the  Trustee  referred  to below or any of their  affiliates  or any  other  person.
Neither this  Certificate nor the underlying  Mortgage Loans are guaranteed or insured by any  governmental  entity
or by WMLT,  the Master  Servicer,  the Servicers,  the  Certificate  Administrator  or the Trustee or any of their
affiliates or any other person.  None of WMLT, the Servicers,  the Master Servicer,  the Certificate  Administrator
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  __________________________  is the  registered  owner  of  the  Percentage
Interest evidenced hereby in the Certificates of the same Class as this Certificate,  which  Certificates  evidence
a beneficial  interest in a trust (the "Trust")  primarily  consisting  of  conventional  adjustable  rate mortgage
loans secured by first liens on one- to four- family residential  properties  (collectively,  the "Mortgage Loans")
sold by WMLT. The Mortgage  Loans were sold by Wachovia  Bank,  National  Association  ("WBNA") to WMLT.  U.S. Bank
National  Association  ("U.S.  Bank") will act as master  servicer of the Mortgage  Loans (the  "Master  Servicer,"
which term includes any successors  thereto under the Agreement  referred to below) and  certificate  administrator
(the  "Certificate  Administrator,"  which term includes any  successors  thereto  under the Agreement  referred to
below).  National City Mortgage Co., Fifth Third Mortgage Company,  SunTrust  Mortgage,  Inc. and Wells Fargo Bank,
N.A.  will act as servicers of the Mortgage  Loans (the  "Servicers,"  which term includes any  successors  thereto
under the  Agreement  referred to below).  The Trust was created  pursuant to the Pooling and  Servicing  Agreement
dated as of March 27, 2007 (the  "Agreement"),  among  WMLT,  as  depositor,  U.S.  Bank,  as master  servicer  and
certificate  administrator,  National City Mortgage Co., Fifth Third Mortgage Company,  SunTrust Mortgage, Inc. and
Wells Fargo Bank, N.A., each as servicers,  and HSBC Bank USA, National Association,  as trustee (the "Trustee"), a
summary of certain of the pertinent  provisions of which is set forth hereafter.  To the extent not defined herein,
capitalized  terms used  herein  shall have the meaning  ascribed to them in the  Agreement.  This  Certificate  is
issued under and is subject to the terms,  provisions  and  conditions  of the  Agreement,  to which  Agreement the
Holder of this Certificate by virtue of its acceptance hereof assents and by which such Holder is bound.

                  Each Holder of this  Certificate  will be deemed to have  agreed to be bound by the  restrictions
set forth in the Agreement to the effect that (i) each person  holding or acquiring any ownership  interest in this
Certificate must be a U.S. Person and a Permitted  Transferee,  (ii) the transfer of any ownership interest in this
Certificate  will be conditioned  upon the delivery to the  Certificate  Administrator  of, among other things,  an
affidavit  to the effect that it is a U.S.  Person and  Permitted  Transferee,  (iii) any  attempted  or  purported
transfer of any ownership  interest in this Certificate in violation of such  restrictions  will be absolutely null
and void and will vest no rights in the purported  transferee,  and (iv) if any person other than a U.S. Person and
a Permitted  Transferee  acquires any ownership  interest in this  Certificate  in violation of such  restrictions,
then the Seller will have the right, in its sole  discretion and without notice to the Holder of this  Certificate,
to sell this  Certificate  to a purchaser  selected  by the  Seller,  which  purchaser  may be the  Seller,  or any
affiliate of the Seller, on such terms and conditions as the Seller may choose.

                  The Certificate  Administrator  will  distribute on the 20th day of each month,  or, if such 20th
day is not a Business Day, the  immediately  following  Business Day (each, a "Distribution  Date"),  commencing on
the first  Distribution  Date specified  above,  to the Person in whose name this  Certificate is registered at the
close of business on the Record Date, an amount equal to the product of the Percentage  Interest  evidenced by this
Certificate  and the amounts  required to be distributed to the Holders of  Certificates  of the same Class as this
Certificate.  The Assumed  Final  Distribution  Date is the  Distribution  Date  immediately  following  the latest
scheduled maturity date of any Mortgage Loan.

                  Distributions  on  this  Certificate  will  be  made  by the  Certificate  Administrator  by wire
transfer to the account at a bank or other  depository  institution  having  appropriate  wire transfer  facilities
specified in writing by such  Certificateholder to the Certificate  Administrator or, if no such prior written wire
transfer   instruction   has  been   provided  to  the   Certificate   Administrator,   by  check  mailed  to  such
Certificateholder  entitled to receive a distribution  on such  Distribution  Date at the address  appearing in the
Certificate  Register,  by wire  transfer,  or by such other  means of payment  as such  Certificateholder  and the
Certificate  Administrator shall agree upon.  Notwithstanding the above, the final distribution on this Certificate
will be made after due notice by the party named in the Agreement or the  Certificate  Administrator,  as described
in the  Agreement,  of the  pendency  of such  distribution  and  only  upon  presentation  and  surrender  of this
Certificate at the office or agency appointed by the Certificate  Administrator  for that purpose and designated in
such notice.

                  No transfer of this Class 1-A-R  Certificate  will be made unless the Trustee and the Certificate
Administrator  have received a  representation  letter  stating that the  transferee  is not acquiring  directly or
indirectly by, or on behalf of, an employee benefit plan or other  retirement  arrangement that is subject to Title
I of the Employee  Retirement  Income Security Act of 1974, as amended  ("ERISA"),  and/or Section 4975 of the Code
(a "Plan"), or by a person using "plan assets" of a Plan.

                  This  Certificate is one of a duly authorized  issue of  Certificates  designated as set forth on
the face  hereof  (the  "Certificates").  The  Certificates,  in the  aggregate,  evidence  the  entire  beneficial
ownership interest in the Trust formed pursuant to the Agreement.

                  The  Certificateholder,  by its acceptance of this  Certificate,  agrees that it will look solely
to the Trust for payment  hereunder  and that neither the  Certificate  Administrator  nor the Trustee is liable to
the  Certificateholders  for any amount  payable  under this  Certificate  or the Agreement or, except as expressly
provided in the Agreement, subject to any liability under the Agreement.

                  This  Certificate  does not purport to  summarize  the  Agreement  and  reference  is made to the
Agreement for the interests,  rights and limitations of rights, benefits,  obligations and duties evidenced hereby,
and the rights, duties and immunities of the Certificate Administrator.

                  The Agreement permits,  with certain  exceptions therein provided,  the amendment thereof and the
modification of the rights and obligations of the Depositor,  the Master Servicer,  the Servicers,  the Certificate
Administrator  and the Trustee and the rights of the  Certificateholders  under the Agreement  from time to time by
the Depositor, the Master Servicer, the Servicers,  the Certificate  Administrator 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 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  upon  surrender  of  this  Certificate  for
registration  of  transfer  at the  offices  or  agencies  maintained  by the  Certificate  Administrator  for such
purposes,  duly  endorsed  by, or  accompanied  by a written  instrument  of transfer in form  satisfactory  to the
Certificate  Administrator  duly  executed  by the Holder  hereof or such  Holder's  attorney  duly  authorized  in
writing,  and thereupon one or more new  Certificates  in authorized  denominations  representing  a like aggregate
Percentage Interest will be issued to the designated transferee.

                  The  Certificates  are issuable only as registered  Certificates  without  coupons in the Classes
and  denominations  specified in the  Agreement.  As provided in the Agreement  and subject to certain  limitations
therein set forth,  this  Certificate is exchangeable  for one or more new  Certificates  evidencing the same Class
and in the same aggregate Percentage Interest, as requested by the Holder surrendering the same.

                  No service charge will be made to the  Certificateholders  for any such registration of transfer,
but the Certificate  Administrator  may require payment of a sum sufficient to cover any tax or other  governmental
charge  payable in connection  therewith.  The Depositor,  the Servicers,  the Trustee,  the Master  Servicer,  the
Certificate  Administrator,  the  Certificate  Registrar and any agent of any of them may treat the Person in whose
name  this  Certificate  is  registered  as the owner  hereof  for all  purposes,  and none of the  Depositor,  the
Servicers, the Trustee, the Master Servicer, the Certificate  Administrator,  the Certificate Registrar or any such
agent shall be affected by notice to the contrary.

                  The  obligations  created  by the  Agreement  and the  Trust  created  thereby  (other  than  the
obligations  to make  payments to  Certificateholders  with  respect to the  termination  of the  Agreement)  shall
terminate upon the earlier of (i) the final payment or other  liquidation (or any advance with respect  thereto) of
the last  Mortgage  Loan  remaining  in the  Trust or the  disposition  of all REO  Property  or (ii) the  optional
repurchase  by the  party  named in the  Agreement  of all the  Mortgage  Loans  and  other  assets of the Trust in
accordance  with the  terms  of the  Agreement.  Such  optional  repurchase  may be made  only if the  Pool  Stated
Principal  Balance of the  Mortgage  Loans at the time of any such  repurchase  is less than 5% of the Cut-off Date
Pool Principal  Balance.  The exercise of such right will effect the early  retirement of the  Certificates.  In no
event,  however,  will the Trust  created by the  Agreement  continue  beyond the  expiration of 21 years after the
death of certain persons identified in the Agreement.

                  Unless this  Certificate  has been  countersigned  by an authorized  signatory of the Certificate
Administrator 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  Certificate  Administrator  has  caused  this  Certificate  to be duly
executed.

Dated: March 27, 2007                                         U.S. BANK NATIONAL ASSOCIATION
                                                              not  in  its   individual   capacity  but  solely  as
                                                              Certificate Administrator

                                                              By:__________________________________________________
                                                                                Authorized Signatory

                                            CERTIFICATE OF AUTHENTICATION

                  This is one of the Class 1-A-R Certificates referred to in the within-mentioned Agreement.

                                                              U.S.   BANK   NATIONAL   ASSOCIATION   not   in   its
                                                              individual   capacity   but  solely  as   Certificate
                                                              Administrator

                                                              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.

                  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

                              FORM OF CLASS B-1, CLASS B-2 AND CLASS B-3 CERTIFICATES

                  THIS  CERTIFICATE  IS  SUBORDINATED  IN RIGHT OF  PAYMENT TO THE CLASS A [CLASS  B-1][CLASS  B-2]
CERTIFICATES AS DESCRIBED IN THE AGREEMENT (AS DEFINED BELOW).

                  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").

                  THE CERTIFICATE  BALANCE OF THIS CERTIFICATE  WILL BE DECREASED BY THE PRINCIPAL  PAYMENTS HEREON
AND REALIZED LOSSES  ALLOCABLE  HERETO AS DESCRIBED IN THE AGREEMENT.  ACCORDINGLY,  FOLLOWING THE INITIAL ISSUANCE
OF THE  CERTIFICATES,  THE CERTIFICATE  BALANCE OF THIS CERTIFICATE  WILL BE DIFFERENT FROM THE DENOMINATION  SHOWN
BELOW.  ANYONE  ACQUIRING THIS  CERTIFICATE  MAY ASCERTAIN ITS  CERTIFICATE  BALANCE BY INQUIRY OF THE  CERTIFICATE
ADMINISTRATOR NAMED HEREIN

                  UNLESS THIS  CERTIFICATE IS PRESENTED BY AN AUTHORIZED  REPRESENTATIVE  OF THE  DEPOSITORY  TRUST
COMPANY TO THE CERTIFICATE  ADMINISTRATOR OR ITS AGENT FOR REGISTRATION OF TRANSFER,  EXCHANGE OR PAYMENT,  AND ANY
CERTIFICATE  ISSUED IS  REGISTERED  IN THE NAME OF CEDE & CO. OR SUCH  OTHER  NAME AS  REQUESTED  BY AN  AUTHORIZED
REPRESENTATIVE  OF THE  DEPOSITORY  TRUST COMPANY (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS
IS REQUESTED BY AN AUTHORIZED  REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY),  ANY TRANSFER,  PLEDGE OR OTHER USE
HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL  SINCE THE REGISTERED  OWNER HEREOF,  CEDE & CO., HAS
AN INTEREST HEREIN.

                  EACH  BENEFICIAL  OWNER OF A CLASS  B-[1][2][3]  CERTIFICATE  OR ANY  INTEREST  THEREIN  SHALL BE
DEEMED TO HAVE REPRESENTED,  BY VIRTUE OF ITS ACQUISITION OR HOLDING OF THAT CERTIFICATE OR INTEREST THEREIN,  THAT
EITHER (I) IT IS NOT ACQUIRING SUCH  CERTIFICATE  WITH "PLAN ASSETS" OF A PLAN, (II) IT HAS ACQUIRED AND IS HOLDING
SUCH CERTIFICATE IN RELIANCE ON PROHIBITED  TRANSACTION CLASS EXEMPTION 2002-41 (THE "EXEMPTION"),  AND THAT (1) IT

UNDERSTANDS  THAT  THERE  ARE  CERTAIN  CONDITIONS  TO THE  AVAILABILITY  OF THE  EXEMPTION,  INCLUDING  THAT  SUCH
CERTIFICATE  IS RATED AT LEAST "BBB-" OR ITS  EQUIVALENT  BY FITCH,  S&P OR MOODY'S AT THE TIME OF PURCHASE AND (2)
IT IS AN  "ACCREDITED  INVESTOR" AS DEFINED IN RULE  501(A)(1) OF  REGULATION D OF THE  SECURITIES  ACT OF 1933, AS
AMENDED 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  PROHIBITED  CLASS
EXEMPTION ("PTCE") 95-60, AND (3) THE CONDITIONS IN SECTIONS I AND II OF PTCE 95-60 HAVE BEEN SATISFIED.

Certificate No. _____                                      Adjustable Pass-Through Rate

Class B-[1][2][3] Subordinate

Date of Pooling and Servicing Agreement: March 27, 2007
                                                           Initial Class Certificate Balance of this Certificate
Cut-off Date:                                              as of the Cut-off Date:
March 1, 2007                                              $____________________

First Distribution Date:                                   Initial Certificate Balance of this Certificate as of
April 20, 2007                                             the Cut-off Date:
                                                           $____________________

Master Servicer:                                           CUSIP: [92977T]_____
U.S. U.S. Bank National Association

Assumed Final Distribution Date:
March 20, 2037

                                WACHOVIA MORTGAGE LOAN TRUST, LLC SERIES 2007-A TRUST
                                          MORTGAGE PASS-THROUGH CERTIFICATE
                                                    SERIES 2007-A

         evidencing  a  percentage  interest  in the  distributions  allocable  to the  Class  B-[1][2][3]
         Certificates  with  respect to a Trust  consisting  primarily  of a pool of  adjustable  interest
         rate mortgage  loans secured by first liens on  one-to-four  family  residential  properties  and
         sold by WACHOVIA MORTGAGE LOAN TRUST, LLC.

                  This  Certificate  is payable  solely  from the assets of the Trust,  and does not  represent  an
obligation of or interest in Wachovia Mortgage Loan Trust, LLC ("WMLT"),  the Master Servicer,  the Servicers,  the
Certificate  Administrator  or the  Trustee  referred  to below or any of their  affiliates  or any  other  person.

Neither this  Certificate nor the underlying  Mortgage Loans are guaranteed or insured by any  governmental  entity
or by WMLT,  the Master  Servicer,  the Servicers,  the  Certificate  Administrator  or the Trustee or any of their
affiliates or any other person.  None of WMLT, the Master Servicer,  the Servicers,  the Certificate  Administrator
or any of their  affiliates will have any obligation with respect to any  certificate or other  obligation  secured
by or payable from payments on the Certificates.

                  This  certifies  that Cede & Co. is the registered  owner of the  Percentage  Interest  evidenced
hereby in the  Certificates  of the same  Class as this  Certificate,  which  Certificates  evidence  a  beneficial
interest in a trust (the "Trust")  primarily  consisting of conventional  adjustable rate mortgage loans secured by
first liens on one- to four- family residential properties  (collectively,  the "Mortgage Loans") sold by WMLT. The
Mortgage Loans were sold by Wachovia Bank, National  Association  ("WBNA") to WMLT. U.S. Bank National  Association
("U.S.  Bank") will act as master  servicer of the Mortgage Loans (the "Master  Servicer,"  which term includes any
successors  thereto  under the  Agreement  referred  to below)  and  certificate  administrator  (the  "Certificate
Administrator,"  which term includes any successors thereto under the Agreement  referred to below).  National City
Mortgage  Co.,  Fifth Third  Mortgage  Company,  SunTrust  Mortgage,  Inc. and Wells Fargo Bank,  N.A.  will act as
servicers of the Mortgage Loans (the  "Servicers,"  which term includes any successors  thereto under the Agreement
referred to below).  The Trust was created  pursuant to the Pooling and Servicing  Agreement  dated as of March 27,
2007 (the  "Agreement"),  among WMLT, as depositor (the  "Seller"),  U.S. Bank, as master  servicer and certificate
administrator,  National City Mortgage Co., Fifth Third Mortgage Company,  SunTrust Mortgage,  Inc. and Wells Fargo
Bank, N.A., each as servicers,  and HSBC Bank USA, National Association,  as trustee (the "Trustee"),  a summary of
certain  of the  pertinent  provisions  of  which  is set  forth  hereafter.  To the  extent  not  defined  herein,
capitalized  terms used  herein  shall have the meaning  ascribed to them in the  Agreement.  This  Certificate  is
issued under and is subject to the terms,  provisions  and  conditions  of the  Agreement,  to which  Agreement the
Holder of this Certificate by virtue of its acceptance hereof assents and by which such Holder is bound.

                  Interest on this  Certificate  will accrue during the one-month  period ending on the last day of
the month preceding the month in which such  Distribution  Date (as hereinafter  defined) occurs on the Certificate
Balance  hereof at a per annum rate equal to the  Pass-Through  Rate set forth in the  Agreement.  The  Certificate
Administrator  will  distribute  on the 20th day of each  month,  or, if such 20th day is not a Business  Day,  the
immediately  following  Business Day (each,  a  "Distribution  Date"),  commencing on the first  Distribution  Date
specified  above,  to the Person in whose name this  Certificate  is  registered  at the close of  business  on the
related Record Date, an amount equal to the product of the Percentage  Interest  evidenced by this  Certificate and
the amount of interest and principal,  if any,  required to be distributed  to the Holders of  Certificates  of the
same  Class  as this  Certificate.  The  Assumed  Final  Distribution  Date is the  Distribution  Date  immediately
following  the latest  scheduled  maturity  date of any Mortgage Loan and is not likely to be the date on which the
Class Certificate Balance of this Class of Certificates will be reduced to zero.

                  Distributions  on  this  Certificate  will  be  made  by the  Certificate  Administrator  by wire
transfer to the account at a bank or other  depository  institution  having  appropriate  wire transfer  facilities
specified in writing by such  Certificateholder to the Certificate  Administrator or, if no such prior written wire
transfer   instruction   has  been   provided  to  the   Certificate   Administrator,   by  check  mailed  to  such
Certificateholder  entitled to receive a distribution  on such  Distribution  Date at the address  appearing in the
Certificate  Register,  by wire  transfer,  or by such other  means of payment  as such  Certificateholder  and the

Certificate  Administrator shall agree upon.  Notwithstanding the above, the final distribution on this Certificate
will be made after due notice by the party named in the Agreement or the  Certificate  Administrator,  as described
in the  Agreement,  of the  pendency  of such  distribution  and  only  upon  presentation  and  surrender  of this
Certificate at the office or agency appointed by the Certificate  Administrator  for that purpose and designated in
such notice.  The initial  Certificate  Balance of this  Certificate is set forth above.  The  Certificate  Balance
hereof  will be reduced to the extent of  distributions  allocable  to  principal  hereon and any  Realized  Losses
allocated hereto.

                  Each  beneficial  owner of a Class  B-[1][2][3]  Certificate  or any  interest  therein  shall be
deemed to have represented,  by virtue of its acquisition or holding of that Certificate or interest therein,  that
either (i) it is not acquiring such  Certificate  with "plan assets" of a Plan, (ii) it has acquired and is holding
such Certificate in reliance on Prohibited  Transaction Class Exemption 2002-41 (the "Exemption"),  and that (1) it
understands  that  there  are  certain  conditions  to the  availability  of the  Exemption,  including  that  such
Certificate  is rated at least "BBB-" or its  equivalent  by Fitch,  S&P or Moody's at the time of purchase and (2)
it is an  "accredited  investor" as defined in Rule  501(a)(1) of  Regulation D of the  Securities  Act of 1933, as
amended 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  Prohibited  Class
Exemption ("PTCE") 95-60, and (3) the conditions in Sections I and II of PTCE 95-60 have been satisfied.

                  This  Certificate is one of a duly authorized  issue of  Certificates  designated as set forth on
the face  hereof  (the  "Certificates").  The  Certificates,  in the  aggregate,  evidence  the  entire  beneficial
ownership interest in the Trust formed pursuant to the Agreement.

                  The  Certificateholder,  by its acceptance of this  Certificate,  agrees that it will look solely
to the Trust for payment  hereunder  and that neither the  Certificate  Administrator  nor the Trustee is liable to
the  Certificateholders  for any amount  payable  under this  Certificate  or the Agreement or, except as expressly
provided in the Agreement, subject to any liability under the Agreement.

                  This  Certificate  does not purport to  summarize  the  Agreement  and  reference  is made to the
Agreement for the interests,  rights and limitations of rights, benefits,  obligations and duties evidenced hereby,
and the rights, duties and immunities of the Certificate Administrator.

                  The Agreement permits,  with certain  exceptions therein provided,  the amendment thereof and the
modification of the rights and obligations of the Depositor,  the Master Servicer,  the Servicers,  the Certificate
Administrator  and the Trustee and the rights of the  Certificateholders  under the Agreement  from time to time by
the Depositor,  the Master  Servicer,  the  Servicers,  the  Certificate  Administrator  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 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  upon  surrender  of  this  Certificate  for
registration  of  transfer  at the  offices  or  agencies  maintained  by the  Certificate  Administrator  for such
purposes,  duly  endorsed  by, or  accompanied  by a written  instrument  of transfer in form  satisfactory  to the
Certificate  Administrator  duly  executed  by the Holder  hereof or such  Holder's  attorney  duly  authorized  in
writing,  and thereupon one or more new  Certificates  in authorized  denominations  representing  a like aggregate
Percentage Interest will be issued to the designated transferee.

                  The  Certificates  are issuable only as registered  Certificates  without  coupons in the Classes
and  denominations  specified in the  Agreement.  As provided in the Agreement  and subject to certain  limitations
therein set forth,  this  Certificate is exchangeable  for one or more new  Certificates  evidencing the same Class
and in the same aggregate Percentage Interest, as requested by the Holder surrendering the same.

                  No service charge will be made to the  Certificateholders  for any such registration of transfer,
but the Certificate  Administrator  may require payment of a sum sufficient to cover any tax or other  governmental
charge  payable in connection  therewith.  The Depositor,  the Servicers,  the Trustee,  the Master  Servicer,  the
Certificate  Administrator,  the  Certificate  Registrar and any agent of any of them may treat the Person in whose
name  this  Certificate  is  registered  as the owner  hereof  for all  purposes,  and none of the  Depositor,  the
Servicers, the Trustee, the Master Servicer, the Certificate  Administrator,  the Certificate Registrar or any such
agent shall be affected by notice to the contrary.

                  The  obligations  created  by the  Agreement  and the  Trust  created  thereby  (other  than  the
obligations  to make  payments to  Certificateholders  with  respect to the  termination  of the  Agreement)  shall
terminate upon the earlier of (i) the final payment or other  liquidation (or any advance with respect  thereto) of
the last  Mortgage  Loan  remaining  in the  Trust or the  disposition  of all REO  Property  or (ii) the  optional
repurchase  by the  party  named in the  Agreement  of all the  Mortgage  Loans  and  other  assets of the Trust in
accordance  with the  terms  of the  Agreement.  Such  optional  repurchase  may be made  only if the  Pool  Stated
Principal  Balance of the  Mortgage  Loans at the time of any such  repurchase  is less than 5% of the Cut-off Date
Pool Principal  Balance.  The exercise of such right will effect the early  retirement of the  Certificates.  In no
event,  however,  will the Trust  created by the  Agreement  continue  beyond the  expiration of 21 years after the
death of certain persons identified in the Agreement.

                  Unless this  Certificate  has been  countersigned  by an authorized  signatory of the Certificate
Administrator 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  Certificate  Administrator  has  caused  this  Certificate  to be duly
executed.

Dated: March 27, 2007                                         U.S. BANK NATIONAL ASSOCIATION
                                                              not  in  its   individual   capacity  but  solely  as
                                                              Certificate Administrator

                                                              By:___________________________________________________
                                                                                Authorized Signatory

                                            CERTIFICATE OF AUTHENTICATION

                  This is one of the Class B-[1][2][3] Certificates referred to in the within-mentioned Agreement.

                                                              U.S. BANK NATIONAL ASSOCIATION
                                                              not  in  its   individual   capacity  but  solely  as
                                                              Certificate Administrator

                                                              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.

                  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 C

                              FORM OF CLASS B-4, CLASS B-5 AND CLASS B-6 CERTIFICATES

                  THIS  CERTIFICATE  IS  SUBORDINATED  IN RIGHT OF PAYMENT TO THE CLASS A, CLASS B-1, CLASS B-2 AND
CLASS B-3 [CLASS B-4] [CLASS B-5] CERTIFICATES AS DESCRIBED IN THE AGREEMENT (AS DEFINED BELOW).

                  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 (THE "CODE").

                  THE CERTIFICATE  BALANCE OF THIS CERTIFICATE  WILL BE DECREASED BY THE PRINCIPAL  PAYMENTS HEREON
AND ANY REALIZED LOSSES ALLOCATED  HERETO.  ACCORDINGLY,  FOLLOWING THE INITIAL ISSUANCE OF THE  CERTIFICATES,  THE
CERTIFICATE  BALANCE OF THIS  CERTIFICATE  WILL BE DIFFERENT FROM THE  DENOMINATION  SHOWN BELOW.  ANYONE ACQUIRING
THIS CERTIFICATE MAY ASCERTAIN ITS CERTIFICATE BALANCE BY INQUIRY OF THE CERTIFICATE ADMINISTRATOR NAMED HEREIN.

                  THIS  CERTIFICATE  HAS NOT BEEN AND WILL NOT BE REGISTERED  UNDER THE  SECURITIES ACT OF 1933, AS
AMENDED (THE  "SECURITIES  ACT"),  OR UNDER ANY STATE  SECURITIES  LAWS.  THE HOLDER  HEREOF,  BY  PURCHASING  THIS
CERTIFICATE,  AGREES THAT THIS  CERTIFICATE  MAY BE REOFFERED,  RESOLD,  PLEDGED OR OTHERWISE  TRANSFERRED  ONLY IN
COMPLIANCE  WITH THE SECURITIES ACT AND OTHER  APPLICABLE  LAWS AND ONLY PURSUANT TO RULE 144A UNDER THE SECURITIES
ACT ("RULE 144A") TO A PERSON THAT THE HOLDER  REASONABLY  BELIEVES IS A QUALIFIED  INSTITUTIONAL  BUYER WITHIN THE
MEANING OF RULE 144A (A "QIB"),  PURCHASING  FOR ITS OWN ACCOUNT OR A QIB PURCHASING FOR THE ACCOUNT OF A QIB, WHOM
THE  HOLDER HAS  INFORMED,  IN EACH CASE,  THAT THE  REOFFER,  RESALE,  PLEDGE OR OTHER  TRANSFER  IS BEING MADE IN
RELIANCE ON RULE 144A,  SUBJECT TO (A) THE RECEIPT BY THE CERTIFICATE  ADMINISTRATOR  OF A LETTER  SUBSTANTIALLY IN
THE FORM PROVIDED IN THE  AGREEMENT AND (B) THE RECEIPT BY THE  CERTIFICATE  ADMINISTRATOR  OF SUCH OTHER  EVIDENCE
ACCEPTABLE TO THE CERTIFICATE  ADMINISTRATOR  THAT SUCH REOFFER,  RESALE,  PLEDGE OR TRANSFER IS IN COMPLIANCE WITH
THE SECURITIES ACT AND OTHER  APPLICABLE LAWS OR IN EACH CASE IN ACCORDANCE WITH ALL APPLICABLE  SECURITIES LAWS OF
THE UNITED STATES AND ANY OTHER APPLICABLE JURISDICTION.

         THIS  CERTIFICATE  MAY NOT BE ACQUIRED  DIRECTLY OR  INDIRECTLY  BY, OR ON BEHALF OF, AN EMPLOYEE  BENEFIT
PLAN OR OTHER RETIREMENT  ARRANGEMENT THAT IS SUBJECT TO TITLE I OF THE EMPLOYEE  RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED ("ERISA"),  AND/OR SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE"),  OR

BY A PERSON USING "PLAN  ASSETS" OF A PLAN,  UNLESS THE PROPOSED  TRANSFEREE  PROVIDES THE TRUSTEE AND  CERTIFICATE
ADMINISTRATOR  WITH AN OPINION OF COUNSEL FOR THE BENEFIT OF THE TRUSTEE,  THE SERVICERS,  THE MASTER  SERVICER AND
THE CERTIFICATE  ADMINISTRATOR  UPON WHICH THEY MAY RELY THAT THE PURCHASE OF THIS CERTIFICATE IS PERMISSIBLE UNDER
LOCAL LAW,  WILL NOT  CONSTITUTE  OR RESULT IN A  NON-EXEMPT  PROHIBITED  TRANSACTION  UNDER  SECTION 406 OF ERISA,
SECTION 4975 OF THE CODE OR LAW  SUBSTANTIALLY  SIMILAR TO THE FOREGOING  SECTIONS OF ERISA AND THE CODE,  AND WILL
NOT SUBJECT THE CERTIFICATE  ADMINISTRATOR,  THE TRUSTEE, THE MASTER SERVICER OR THE SERVICERS TO ANY OBLIGATION OR
LIABILITY  IN ADDITION TO THOSE  UNDERTAKEN  IN THE POOLING  AGREEMENT,  WHICH  OPINION OF COUNSEL  SHALL NOT BE AN
EXPENSE OF THE CERTIFICATE ADMINISTRATOR, THE TRUSTEE, THE MASTER SERVICER OR THE SERVICERS.

Certificate No. _____                                      Adjustable Pass-Through Rate

Class B-[4][5][6] Subordinate

Date of Pooling and Servicing Agreement: March 27, 2007
                                                           Initial Class Certificate Balance of this Certificate
Cut-off Date:                                              as of the Cut-off Date:
March 1, 2007                                               $____________________

First Distribution Date:                                   Initial Certificate Balance of this Certificate as of
April 20, 2007                                             the Cut-off Date:
                                                           $____________________

Master Servicer:                                           CUSIP: [92977T]_____
U.S. U.S. Bank National Association

Assumed Final Distribution Date:
March 20, 2037

                                WACHOVIA MORTGAGE LOAN TRUST, LLC SERIES 2007-A TRUST
                                          MORTGAGE PASS-THROUGH CERTIFICATE
                                                   SERIES 2007-A

         evidencing  a  percentage  interest  in the  distributions  allocable  to the  Class  B-[4][5][6]
         Certificates  with  respect to a Trust  consisting  primarily  of a pool of  adjustable  interest
         rate mortgage  loans secured by first liens on  one-to-four  family  residential  properties  and
         sold by WACHOVIA MORTGAGE LOAN TRUST, LLC.

                  This  Certificate  is payable  solely  from the assets of the Trust,  and does not  represent  an
obligation of or interest in Wachovia Mortgage Loan Trust, LLC ("WMLT"),  the Master Servicer,  the Servicers,  the
Certificate  Administrator  or the  Trustee  referred  to below or any of their  affiliates  or any  other  person.

Neither this  Certificate nor the underlying  Mortgage Loans are guaranteed or insured by any  governmental  entity
or by WMLT,  the Master  Servicer,  the Servicers,  the  Certificate  Administrator  or the Trustee or any of their
affiliates or any other person.  None of WMLT, the Master Servicer,  the Servicers,  the Certificate  Administrator
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  _________________________________  is the registered owner of the Percentage
Interest evidenced hereby in the Certificates of the same Class as this Certificate,  which  Certificates  evidence
a beneficial  interest in a trust (the "Trust")  primarily  consisting  of  conventional  adjustable  rate mortgage
loans secured by first liens on one- to four- family residential  properties  (collectively,  the "Mortgage Loans")
sold by WMLT. The Mortgage  Loans were sold by Wachovia  Bank,  National  Association  ("WBNA") to WMLT.  U.S. Bank
National  Association  ("U.S.  Bank") will act as master  servicer of the Mortgage  Loans (the  "Master  Servicer,"
which term includes any successors  thereto under the Agreement  referred to below) and  certificate  administrator
(the  "Certificate  Administrator,"  which term includes any  successors  thereto  under the Agreement  referred to
below).  National City Mortgage Co., Fifth Third Mortgage Company,  SunTrust  Mortgage,  Inc. and Wells Fargo Bank,
N.A.  will act as servicers of the Mortgage  Loans (the  "Servicers,"  which term includes any  successors  thereto
under the  Agreement  referred to below).  The Trust was created  pursuant to the Pooling and  Servicing  Agreement
dated as of March 27, 2007 (the  "Agreement"),  among WMLT,  as depositor  (the  "Seller"),  U.S.  Bank,  as master
servicer and  certificate  administrator,  National City  Mortgage  Co.,  Fifth Third  Mortgage  Company,  SunTrust
Mortgage, Inc. and Wells Fargo Bank, N.A., each as servicers,  and HSBC Bank USA, National Association,  as trustee
(the "Trustee"),  a summary of certain of the pertinent  provisions of which is set forth hereafter.  To the extent
not defined herein,  capitalized  terms used herein shall have the meaning ascribed to them in the Agreement.  This
Certificate  is issued under and is subject to the terms,  provisions  and  conditions of the  Agreement,  to which
Agreement the Holder of this  Certificate  by virtue of its  acceptance  hereof assents and by which such Holder is
bound.

                  The Certificate  Administrator  will  distribute on the 20th day of each month,  or, if such 20th
day is not a Business Day, the  immediately  following  Business Day (each, a "Distribution  Date"),  commencing on
the first  Distribution  Date specified  above,  to the Person in whose name this  Certificate is registered at the
close of business on the Record Date, an amount equal to the product of the Percentage  Interest  evidenced by this
Certificate  and the amount of  interest  and  principal,  if any,  required  to be  distributed  to the Holders of
Certificates of the same Class as this  Certificate.  The Assumed Final  Distribution Date is the Distribution Date
immediately  following the latest scheduled  maturity date of any Mortgage Loan and is not likely to be the date on
which the Class Certificate Balance of this Class of Certificates will be reduced to zero.

                  Distributions  on  this  Certificate  will  be  made  by the  Certificate  Administrator  by wire
transfer to the account at a bank or other  depository  institution  having  appropriate  wire transfer  facilities
specified in writing by such  Certificateholder to the Certificate  Administrator or, if no such prior written wire
transfer   instruction   has  been   provided  to  the   Certificate   Administrator,   by  check  mailed  to  such
Certificateholder  entitled to receive a distribution  on such  Distribution  Date at the address  appearing in the
Certificate  Register,  by wire  transfer,  or by such other  means of payment  as such  Certificateholder  and the

Certificate  Administrator shall agree upon.  Notwithstanding the above, the final distribution on this Certificate
will be made after due notice by the party named in the Agreement or the  Certificate  Administrator,  as described
in the  Agreement,  of the  pendency  of such  distribution  and  only  upon  presentation  and  surrender  of this
Certificate at the office or agency appointed by the Certificate  Administrator  for that purpose and designated in
such notice.  The initial  Certificate  Balance of this  Certificate is set forth above.  The  Certificate  Balance
hereof  will be reduced to the extent of  distributions  allocable  to  principal  hereon and any  Realized  Losses
allocated hereto.

                  No  transfer  of this  Certificate  shall be made  unless the  transfer  is made  pursuant  to an
effective  registration  statement under the Securities Act of 1933, as amended (the "1933 Act"),  and an effective
registration or  qualification  under  applicable  state securities laws, or is made in a transaction that does not
require such  registration or  qualification.  In the event that such a transfer of this  Certificate is to be made
without  registration or qualification,  the Trustee shall require receipt of (i) written  certifications  from the
Holder of the  Certificate  desiring  to  effect  the  transfer,  and from such  Holder's  prospective  transferee,
substantially  in the forms attached to the Agreement and (ii) if requested by the  Certificate  Administrator,  an
Opinion of Counsel  satisfactory to it that such transfer may be made without such  registration  or  qualification
(which Opinion of Counsel shall not be an expense of the Trust or of the Depositor,  the Trustee,  the  Certificate
Administrator  or the  Servicers  in their  respective  capacities  as such),  together  with copies of the written
certification(s)  of the  Holder  of  the  Certificate  desiring  to  effect  the  transfer  and/or  such  Holder's
prospective  transferee  upon which  such  Opinion of Counsel  is based.  None of the  Depositor,  the  Certificate
Administrator  or the Trustee is obligated to register or qualify the Class of  Certificates  specified on the face
hereof  under the 1933 Act or any other  securities  law or to take any action  not  otherwise  required  under the
Agreement to permit the transfer of such Certificates  without  registration or qualification.  Any Holder desiring
to  effect  a  transfer  of  this  Certificate  shall  be  required  to  indemnify  the  Trustee,  the  Certificate
Administrator,  the Seller,  the Seller and the Servicers  against any liability that may result if the transfer is
not so exempt or is not made in accordance with such federal and state laws.

                  No  transfer  of this Class  B-[4][5][6]  Certificate  will be made  unless the  Trustee  and the
Certificate  Administrator  have received  either (i) opinion of counsel for the benefit of the Trustee,  Servicers
and the Certificate  Administrator  and which they may rely which is satisfactory to the Certificate  Administrator
that the  purchase  of this  certificate  is  permissible  under  local  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"),  and Section 4975 of the Internal  Revenue  Code,  as amended (the "Code") and will not subject
the Servicers,  the Trustee or the  Certificate  Administrator  to any obligation or liability in addition to those
undertaken in the Agreement or (ii) a representation  letter stating that the transferee is not acquiring  directly
or indirectly  by, or on behalf of, an employee  benefit plan or other  retirement  arrangement  that is subject to
Title I of ERISA, and/or Section 4975 of the Code (a "Plan"), or by a person using  "plan assets" of a Plan.

                  This  Certificate is one of a duly authorized  issue of  Certificates  designated as set forth on
the face  hereof  (the  "Certificates").  The  Certificates,  in the  aggregate,  evidence  the  entire  beneficial
ownership interest in the Trust formed pursuant to the Agreement.

                  The  Certificateholder,  by its acceptance of this  Certificate,  agrees that it will look solely
to the Trust for payment  hereunder  and that neither the  Certificate  Administrator  nor the Trustee is liable to
the  Certificateholders  for any amount  payable  under this  Certificate  or the Agreement or, except as expressly
provided in the Agreement, subject to any liability under the Agreement.

                  This  Certificate  does not purport to  summarize  the  Agreement  and  reference  is made to the
Agreement for the interests,  rights and limitations of rights, benefits,  obligations and duties evidenced hereby,
and the rights, duties and immunities of the Certificate Administrator.

                  The Agreement permits,  with certain  exceptions therein provided,  the amendment thereof and the
modification of the rights and obligations of the Depositor,  the Master Servicer,  the Servicers,  the Certificate
Administrator  and the Trustee and the rights of the  Certificateholders  under the Agreement  from time to time by
the Depositor, the Master Servicer, the Servicers,  the Certificate  Administrator 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 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  upon  surrender  of  this  Certificate  for
registration  of  transfer  at the  offices  or  agencies  maintained  by the  Certificate  Administrator  for such
purposes,  duly  endorsed  by, or  accompanied  by a written  instrument  of transfer in form  satisfactory  to the
Certificate  Administrator  duly  executed  by the Holder  hereof or such  Holder's  attorney  duly  authorized  in
writing,  and thereupon one or more new  Certificates  in authorized  denominations  representing  a like aggregate
Percentage Interest will be issued to the designated transferee.

                  The  Certificates  are issuable only as registered  Certificates  without  coupons in the Classes
and  denominations  specified in the  Agreement.  As provided in the Agreement  and subject to certain  limitations
therein set forth,  this  Certificate is exchangeable  for one or more new  Certificates  evidencing the same Class
and in the same aggregate Percentage Interest, as requested by the Holder surrendering the same.

                  No service charge will be made to the  Certificateholders  for any such registration of transfer,
but the Certificate  Administrator  may require payment of a sum sufficient to cover any tax or other  governmental
charge  payable in connection  therewith.  The Depositor,  the Servicers,  the Trustee,  the Master  Servicer,  the
Certificate  Administrator,  the  Certificate  Registrar and any agent of any of them may treat the Person in whose
name  this  Certificate  is  registered  as the owner  hereof  for all  purposes,  and none of the  Depositor,  the
Servicers, the Trustee, the Master Servicer, the Certificate  Administrator,  the Certificate Registrar or any such
agent shall be affected by notice to the contrary.

                  The  obligations  created  by the  Agreement  and the  Trust  created  thereby  (other  than  the
obligations  to make  payments to  Certificateholders  with  respect to the  termination  of the  Agreement)  shall
terminate upon the earlier of (i) the final payment or other  liquidation (or any advance with respect  thereto) of
the last  Mortgage  Loan  remaining  in the  Trust or the  disposition  of all REO  Property  or (ii) the  optional
repurchase  by the  party  named in the  Agreement  of all the  Mortgage  Loans  and  other  assets of the Trust in
accordance  with the  terms  of the  Agreement.  Such  optional  repurchase  may be made  only if the  Pool  Stated
Principal  Balance of the  Mortgage  Loans at the time of any such  repurchase  is less than 5% of the Cut-off Date
Pool Principal  Balance.  The exercise of such right will effect the early  retirement of the  Certificates.  In no
event,  however,  will the Trust  created by the  Agreement  continue  beyond the  expiration of 21 years after the
death of certain persons identified in the Agreement.

                  Unless this  Certificate  has been  countersigned  by an authorized  signatory of the Certificate
Administrator 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  Certificate  Administrator  has  caused  this  Certificate  to be duly
executed.

Dated: March 27, 2007                                         U.S. BANK NATIONAL ASSOCIATION
                                                              not  in  its   individual   capacity  but  solely  as
                                                              Certificate Administrator

                                                              By:__________________________________________________
                                                                                Authorized Signatory

                                           CERTIFICATE OF AUTHENTICATION

                  This is one of the Class B-[4][5][6] Certificates referred to in the within-mentioned Agreement.

                                                              U.S. BANK NATIONAL ASSOCIATION
                                                              not  in  its   individual   capacity  but  solely  as
                                                              Certificate Administrator

                                                              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.

                  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 D-1

                                       MORTGAGE LOAN SCHEDULE (LOAN GROUP 1)

                                                    EXHIBIT D-2

                                       MORTGAGE LOAN SCHEDULE (LOAN GROUP 2)

                                                    EXHIBIT D-3

                                       MORTGAGE LOAN SCHEDULE (LOAN GROUP 3)

                                                    EXHIBIT D-4

                                       MORTGAGE LOAN SCHEDULE (LOAN GROUP 4)

                                                    EXHIBIT E

                                     FORM OF REQUEST FOR RELEASE OF DOCUMENTS

To:      U.S. Bank National Association
         1133 Rankin Street, Suite 1000
         St. Paul, MN 55116
         Attn: Document Custody Services / WMLT 2007-A

Re:      Pooling and Servicing  Agreement,  dated as of March 27, 2007, among Wachovia Mortgage Loan Trust, LLC, as
         depositor,  U.S. Bank National  Association,  as master servicer and certificate  administrator,  National
         City Mortgage Co., Fifth Third Mortgage Company,  SunTrust  Mortgage,  Inc. and Wells Fargo Bank, N.A., as
         servicers,  and HSBC Bank USA,  National  Association,  as trustee,  issuing Wachovia Mortgage Loan Trust,
         LLC Mortgage Pass-Through Certificates Series 2007-A

         In connection with the administration of the Mortgage Loans held by you pursuant to the above-captioned
Pooling and Servicing Agreement, we request the release, and hereby acknowledge receipt, of the Mortgage File for
the Mortgage Loan described below, for the reason indicated.

Mortgage Loan Number:

Mortgagor Name, Address & Zip Code:

Reason for Requesting Documents (check one):

_____          1.          Mortgage Paid in Full and proceeds have been deposited into the Servicer Custodial
                           Account

_____          2.          Foreclosure

_____          3.          Substitution

_____          4.          Repurchase

_____          5.          Other (Describe)

         Capitalized terms used herein shall have the meanings ascribed to them in the Pooling and Servicing
Agreement.

                                                     ________________________________
                                                     [Name of Servicer]

                                                     By:_____________________________
                                                           Name:
                                                           Title:

                                                     EXHIBIT F

                                 FORM OF CERTIFICATION OF ESTABLISHMENT OF ACCOUNT

                                                      [Date]

         _______________ hereby certifies that it has established a Servicer Custodial
Account pursuant to Section 3.08(e) of the Pooling and Servicing Agreement, dated March 27, 2007, among Wachovia
Mortgage Loan Trust, LLC, as depositor, U.S. Bank National Association, as master servicer and certificate
administrator, National City Mortgage Co., Fifth Third Mortgage Company, SunTrust Mortgage, Inc. and Wells Fargo
Bank, N.A., as servicers, and HSBC Bank USA, National Association, as trustee.

                                            _______________________________
                                            [Name of Servicer]

                                            By: ________________________________
                                                Name:
                                                Title:

                                                     EXHIBIT G-1

                                         FORM OF TRANSFEROR'S CERTIFICATE

[Date]

U.S. Bank National Association
60 Livingston Ave.
EP-MN-WS2N
St. Paul, MN 55107
Attn: Transfer Unit / WMLT 2007-A

      Re:   Wachovia Mortgage Loan Trust, LLC Mortgage Pass-Through Certificates, Series 2007-A, Class ______

Ladies and Gentlemen:

         This letter is delivered to you in connection with the transfer by  ______________  (the  "Transferor") to
______________  (the  "Transferee") of the captioned  Certificates  (the "Transferred  Certificates"),  pursuant to
Section 6.02 of the Pooling and  Servicing  Agreement  (the  "Pooling and  Servicing  Agreement"),  dated March 27,
2007, among Wachovia Mortgage Loan Trust,  LLC, as depositor,  U.S. Bank National  Association,  as master servicer
and certificate  administrator,  National City Mortgage Co., Fifth Third Mortgage Company,  SunTrust Mortgage, Inc.
and Wells Fargo Bank, N.A., as servicers,  and HSBC Bank USA,  National  Association,  as trustee.  All capitalized
terms used  herein and not  otherwise  defined  shall have the  respective  meanings  set forth in the  Pooling and
Servicing   Agreement.   The  Transferor  hereby  certifies,   represents  and  warrants  to  you,  as  Certificate
Administrator, that:

            1.    The  Transferor  is the  lawful  owner of the  Transferred  Certificates  with the full  right to
transfer such Certificates free from any and all claims and encumbrances whatsoever.

            2.    Neither the  Transferor  nor anyone acting on its behalf has (a) offered,  transferred,  pledged,
sold or otherwise disposed of any Transferred  Certificate,  any interest in a Transferred Certificate or any other
similar  security  to any person in any manner,  (b)  solicited  any offer to buy or accept a  transfer,  pledge or
other disposition of any Transferred  Certificate,  any interest in a Transferred  Certificate or any other similar
security from any person in any manner,  (c) otherwise  approached  or negotiated  with respect to any  Transferred
Certificate,  any  interest in a  Transferred  Certificate  or any other  similar  security  with any person in any
manner,  (d) made any  general  solicitation  with  respect  to any  Transferred  Certificate,  any  interest  in a
Transferred  Certificate or any other similar security by means of general  advertising or in any other manner,  or
(e) taken any other action with respect to any Transferred  Certificate,  any interest in a Transferred Certificate
or any other similar  security,  which (in the case of any of the acts described in clauses (a) through (e) hereof)
would constitute a distribution of the Transferred  Certificates  under the Securities Act of 1933, as amended (the
"1933 Act"),  would render the  disposition  of the  Transferred  Certificates a violation of Section 5 of the 1933
Act or any state  securities laws, or would require  registration or qualification of the Transferred  Certificates
pursuant to the 1933 Act or any state securities laws.

                                                     Very truly yours,

                                                     ________________________________________
                                                     (Transferor)

                                            By:_____________________________________
                                                           Name:
                                                           Title:

                                                    EXHIBIT G-2A

                                        FORM 1 OF TRANSFEREE'S CERTIFICATE

                                               ______________,200___

U.S. Bank National Association,
  as Certificate Administrator
60 Livingston Ave.
EP-MN-WS2N
St. Paul, MN 55107
Attn: Transfer Unit / WMLT 2007-A

                  Re:      Wachovia Mortgage Loan Trust, LLC Series 2007-A
                           Mortgage Pass-Through Certificates, Series 2007-A, Class _____

Ladies and Gentlemen:

         ______________  (the  "Purchaser")  intends to purchase  from  ______________  (the  "Seller")  $_________
initial Class Balance of Mortgage  Pass-Through  Certificates,  Series  2007-A,  Class _____ (the  "Certificates"),
issued pursuant to the Pooling and Servicing Agreement (the "Pooling and Servicing  Agreement"),  dated as of March
27, 2007 among Wachovia Mortgage Loan Trust, LLC, as Depositor (the "Depositor"),  U.S. Bank National  Association,
as master  servicer and  certificate  administrator,  National  City Mortgage Co.,  Fifth Third  Mortgage  Company,
SunTrust  Mortgage,  Inc. and Wells Fargo Bank, N.A., as servicers (each, a "Servicer") and HSBC Bank USA, National
Association,  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 Seller and the Certificate Administrator 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 Seller 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 Seller as has been  requested by the  Purchaser  from the Seller 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  Seller 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.

                  6.       The  Purchaser is (i) not  acquiring  the  Certificate  directly or  indirectly  for, on
         behalf of, or with "plan  assets" of an employee  benefit plan or other  retirement  arrangement  which is
         subject to Title I of the Employee  Retirement  Income  Security Act of 1974, as amended,  or Section 4975
         of the Internal  Revenue Code of 1986, as amended,  or (ii) has provided the opinion of counsel  specified
         in Section 5.07(a) of the Pooling and Servicing Agreement.

         In  addition,  the  Purchaser  hereby  certifies,  represents  and warrants to, and  covenants  with,  the
Depositor, the Certificate  Administrator,  the Servicers and the Trustee that the Purchaser will not transfer such
Certificates  to any Plan or person unless such Plan or person meets the  requirements  set forth in either 6(a) or
(b) above.

                                                            Very truly yours,

                                                            [PURCHASER]

                                                            By:____________________________________
                                                               Name:
                                                               Title:

                                                    EXHIBIT G-2B

                                        FORM 2 OF TRANSFEREE'S CERTIFICATE

                              Description of Rule 144A Securities, including numbers:

                              _______________________________________________________

                              _______________________________________________________

                              _______________________________________________________

                              _______________________________________________________

Ladies and Gentlemen:

         The undersigned  buyer,  ______________  (the "Buyer"),  intends to purchase from the undersigned  seller,
______________  (the "Seller"),  $_________  initial Class Balance of the Rule 144A Securities  described above and
issued  pursuant  to the  Pooling  and  Servicing  Agreement  (the  "Agreement"),  dated as of March 27, 2007 among
Wachovia  Mortgage Loan Trust,  LLC, as depositor  (the  "Depositor"),  U.S. Bank National  Association,  as master
servicer and  certificate  administrator,  National City  Mortgage  Co.,  Fifth Third  Mortgage  Company,  SunTrust
Mortgage,  Inc.  and Wells  Fargo Bank,  N.A.,  as  servicers  (each,  a  "Servicer")  and HSBC Bank USA,  National
Association,  as trustee (the "Trustee").  All terms used herein and not otherwise  defined shall have the meanings
set forth in the Agreement.

                  1.       In  connection  with such  transfer and in accordance  with the  agreements  pursuant to
         which the Rule 144A  Securities  were issued,  the Seller hereby  certifies the following  facts:  Neither
         the Seller 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 Securities Act of 1933, as amended
         (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,  and that the Seller 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 Depositor,  the Trustee
         and the Certificate Administrator 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 Depositor, the Trustee or the Certificate Administrator.

                           (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
         144A under the 1933 Act and has  completed the form of  certification  to that effect  attached  hereto as
         Annex 1. 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 accounts of other  qualified  institutional
         buyers,  understands  that such Rule 144A 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 is (i) not acquiring  the  Certificate  directly or indirectly  for, on behalf
         of, or with "plan assets" of an employee  benefit plan or other  retirement  arrangement  which is subject
         to Title I of the Employee  Retirement  Income  Security Act of 1974,  as amended,  or Section 4975 of the
         Internal  Revenue  Code of 1986,  as amended,  or (ii) has  provided  the opinion of counsel  specified in
         Section 5.07(a) of the 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

                             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  $                                              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  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.

         --       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 or 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:________________________________________________

                                                     EXHIBIT H

                           FORM OF TRANSFEREE REPRESENTATION LETTER FOR ERISA RESTRICTED
                                                   CERTIFICATES

U.S. Bank National Association
60 Livingston Ave.
EP-MN-WS2N
St. Paul, MN 55107
Attn: Transfer Unit / WMLT 2007-A

      Re:   Wachovia Mortgage Loan Trust, LLC Mortgage Pass-Through Certificates, Series 2007-A, Class _____

Ladies and Gentlemen:

      This letter is delivered to you in connection  with the transfer by  _______________  (the  "Transferor")  to
_________________________ (the "Transferee") of the captioned
Certificates  (the  "Transferred  Certificates"),  pursuant to Section 6.02 of the Pooling and Servicing  Agreement
(the  "Pooling and  Servicing  Agreement"),  dated March 27, 2007,  among  Wachovia  Mortgage  Loan Trust,  LLC, as
depositor,  U.S.  Bank  National  Association,  as master  servicer and  certificate  administrator,  National City
Mortgage Co., Fifth Third Mortgage Company,  SunTrust Mortgage, Inc. and Wells Fargo Bank, N.A., as servicers,  and
HSBC Bank USA,  National  Association,  as trustee.  All  capitalized  terms used herein and not otherwise  defined
shall have the respective meanings set forth in the Pooling and Servicing Agreement.

      The Transferee hereby  certifies,  represents and warrants to you, as Certificate  Administrator,  that it is
not, and is not acting on behalf of, an employee  benefit plan or arrangement,  including an individual  retirement
account,  subject to Title I of the Employee  Retirement  Income  Security Act of 1974, as amended  ("ERISA"),  the
Internal  Revenue Code of 1986,  as amended (the  "Code"),  or any federal,  state or local law which is similar to
Section 406 of ERISA or the Code ("Similar Law")  (collectively,  a "Plan"),  and it is not using the assets of any
such Plan to effect the purchase of the Transferred Certificates.

     Capitalized  terms used in and not  otherwise  defined  herein shall have the meaning  assigned to them in the
Pooling and Servicing Agreement.

                                                     Very truly yours,

                                                     _________________________________________
                                                     (Transferee)

                                                     By:______________________________________
                                                     Name:____________________________________
                                                     Title:_____________________________________
                                                     Date:_____________________________________

                                                    EXHIBIT I-1

                           FORM OF AFFIDAVIT REGARDING TRANSFER OF RESIDUAL CERTIFICATES

STATE OF __________________         )
                                    )        ss.:
COUNTY OF _________________         )

                  ______________________________, being first duly sworn, deposes and says:

                  1.       That       (s)he       is       a(n)        ___________________________________       of
______________________________________  (record or beneficial  owner (the "Owner") of a ____%  Percentage  Interest
of the  Wachovia  Mortgage  Loan  Trust,  LLC  Mortgage  Pass-Through  Certificates,  Series  2007-A,  Class  1-A-R
Certificates  (the "Class 1-A-R  Certificates")),  a  __________________________  duly organized and existing under
the laws of _____________________________ on behalf of which (s)he makes this affidavit and agreement.

                  2.       That the Owner (i) is not and will not be a "disqualified  organization"  or an electing
large  partnership  as of [Closing  Date][date  of  purchase]  within the meaning of Sections  860E(e)(5)  and 775,
respectively,  of the Internal  Revenue Code of 1986,  as amended  (the  "Code") or an electing  large  partnership
under Section 775(a) of the Code, (ii) will endeavor to remain other than a disqualified  organization  for so long
as it retains its  ownership  interest  in the Class 1-A-R  Certificates,  and (iii) is  acquiring  the Class 1-A-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 an electing large partnership  under Section 775 of the Code, 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 the Federal Home Loan Mortgage
Corporation,  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
1-A-R  Certificates to disqualified  organizations or electing large  partnerships  under the Code, that applies to
all  transfers  of Class 1-A-R  Certificates  after March 31, 1988;  (ii) that such tax would be on the  transferor
(or, with respect to transfers to electing large partnerships,  on each such partnership),  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  (other than with  respect to  transfers to electing  large  partnerships)  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  1-A-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
1-A-R  Certificates if either the  pass-through  entity is an electing large  partnership  under Section 775 of the
Code or 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.       The  Owner  is  either  (i)  a  citizen  or  resident  of  the  United  States,  (ii)  a
corporation,  partnership  or other entity treated as a corporation  or a partnership  for U.S.  federal income tax
purposes and created or organized in or under the laws of the United  States,  any state thereof or the District of
Columbia  (other than a partnership  that is not treated as a United States  person under any  applicable  Treasury
regulations),  (iii) an estate that is described  in Section  7701(a)(30)(D)  of the Code,  or (iv) a trust that is
described in Section 7701(a)(30)(E) of the Code.

                  6.       The  Owner  hereby   agrees  that  it  will  not  cause  income  from  the  Class  1-A-R
Certificates  to be  attributable  to a foreign  permanent  establishment  or fixed base  (within the meaning of an
applicable income tax treaty) of the Owner or another United States taxpayer.

                  7.       That the Owner is aware that the Trustee  will not  register  the  transfer of any Class
1-A-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.

                  8.       That the Owner has  reviewed the  restrictions  set forth on the face of the Class 1-A-R
Certificates  and the provisions of Section  6.02(f) of the Pooling and Servicing  Agreement  under which the Class
1-A-R  Certificates  were issued.  The Owner expressly  agrees to be bound by and to comply with such  restrictions
and provisions.

                  9.       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 1-A-R
Certificates will only be owned, directly or indirectly, by an Owner that is not a disqualified organization.

                  10.      The Owner's Taxpayer Identification Number is ___________________________________________.

                  11.      This affidavit and agreement  relates only to the Class 1-A-R  Certificates  held by the
Owner and not to any other  holder of the Class 1-A-R  Certificates.  The Owner  understands  that the  liabilities
described herein relate only to the Class 1-A-R Certificates.

                  12.      That no  purpose  of the  Owner  relating  to the  transfer  of any of the  Class  1-A-R
Certificates  by the Owner is or will be to  impede  the  assessment  or  collection  of any tax;  in  making  this
representation,  the Owner warrants that the Owner is familiar with (i) Treasury  Regulation  Section  1.860E-1 (c)
and recent amendments  thereto,  effective as of August 19, 2002, and (ii) the preamble  describing the adoption of
the amendments to such regulation, which is attached hereto as Exhibit 1.

                  13.      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 1-A-R  Certificates
that the Owner  intends to pay taxes  associated  with  holding such Class 1-A-R  Certificates  as they become due,
fully  understanding  that it may incur tax  liabilities  in excess of any cash flows  generated by the Class 1-A-R
Certificates.

                  14.      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 1-A-R Certificates remain outstanding.

                  15.      The  Purchaser is not an employee  benefit plan or other plan subject to the  prohibited
transaction  provisions of the Employee  Retirement Income Security Act of 1974, as amended  ("ERISA"),  or Section
4975 of the Internal Revenue Code of 1986, as amended (the "Code"),  or an investment  manager,  named fiduciary or
a trustee of any such plan, or any other Person  acting,  directly or  indirectly,  on behalf of or purchasing  any
Certificate with "plan assets" of any such plan.

                  Capitalized  terms used but not defined  herein shall have the  meanings  assigned to them in the
Pooling and Servicing Agreement dated as of March 27, 2007.

                  IN WITNESS WHEREOF,  the Owner has caused this instrument to be executed on its behalf,  pursuant
to the authority of its Board of Directors,  by its  _____________________,  and its corporate  seal to be hereunto
attached, attested by its ______________________, this _____ of _____, 20__.

                                                     [NAME OF INVESTOR]

                                                     By:_________________________________________
                                                        Name:
                                                        Title:

[Corporate Seal]

ATTEST:

___________________________________________________

                  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 a(n)  _________________________  of the
Owner,  and  acknowledged to me that (s)he executed the same as his/her free act and deed and the free act and deed
of the Owner.

                  Subscribed and sworn before me this _____ day of _____, 20__.

                                                                     ________________________________
                                                                              NOTARY PUBLIC

                                                   EXHIBIT I-2

                               FORM OF TRANSFEROR CERTIFICATE REGARDING TRANSFER OF
                                               RESIDUAL CERTIFICATE

                                            [DATE]

U.S. Bank National Association
     as Certificate Administrator
60 Livingston Ave.
EP-MN-WS2N
St. Paul, MN 55107
Attn: Transfer Unit / WMLT 2007-A

                  Re:      Wachovia Mortgage Loan Trust, LLC Mortgage Asset-Backed Pass-Through Certificates,
                           Series 2007-A, Class 1-A-R Certificate

Ladies and Gentlemen:

         This letter is delivered to you in  connection  with the transfer by  ______________________________  (the
"Seller") to  ________________________________  (the  "Purchaser") of a ____%  Percentage  Interest in the Wachovia
Mortgage Loan Trust, LLC Mortgage Asset-Backed Pass-Through  Certificates,  Series 2007-A, Class 1-A-R Certificates
(the  "Certificates"),  pursuant to the Pooling and Servicing Agreement,  dated as of March 27, 2007 (the "Pooling
and Servicing  Agreement"),  among Wachovia  Mortgage Loan Trust,  LLC, as depositor (the  "Depositor"),  U.S. Bank
National  Association,   as  master  servicer  and  certificate  administrator  (in  its  capacity  as  certificate
administrator,  the  "Certificate  Administrator"),  National  City  Mortgage Co.,  Fifth Third  Mortgage  Company,
SunTrust  Mortgage,  Inc. and Wells Fargo Bank, N.A., as servicers,  and HSBC Bank USA,  National  Association,  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 Seller  hereby  certifies,  represents  and warrants to, and  covenants
with, the Trustee that:

                  1.       No purpose of the Seller  relating to the transfer 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   Certificate
Administrator  a transfer  affidavit and  agreement in the form attached to the Pooling and Servicing  Agreement as
Exhibit I-1.  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 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 a  Certificate  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 not both a United
States Person and a Permitted Transferee.

                                                     Very truly yours,

                                                     [NAME OF SELLER]

                                                     By:_________________________________________________________
                                                        Name:
                                                        Title:

                                                     EXHIBIT J

                                                    [Reserved]

                                                     EXHIBIT K

                                                    [Reserved]

                                                     EXHIBIT L

                                                    [Reserved]

                                                     EXHIBIT M

                                            FORM OF LOST NOTE AFFIDAVIT

                                                                                Loan Number ____________

STATE OF ____________________

COUNTY OF __________________

________________________________________,  of  the  lawful  age,  who  declared  that  he/she  is  an  employee  of
________________________________,  organized and existing under the laws of the United States of America,  being by
me first duly sworn  according to law,  deposes and says to the best of his/her  knowledge and belief that the Note
herein below described was lost and has not been paid, satisfied,  assigned,  pledged,  transferred or hypothecated
in any way;

THAT the unpaid balance is still due and owing on that certain Note dated                        ,  which  Note was
executed by

                                                              ,

in the original principal sum of $                                     .

EXECUTED this ____ day of                             ,_____.

                                            _____________________________________

                                            By: __________________________________
                                                Name:
                                                Title:

Subscribed and sworn before me this ____ day of _____________________, 20____.

Notary Public in and for the
State of _____________________

                                                      EXHIBIT N

                                            FORM OF CUSTODIAL AGREEMENT

                  THIS CUSTODIAL AGREEMENT (AS AMENDED AND SUPPLEMENTED FROM TIME TO TIME, THE "AGREEMENT"),
DATED AS OF MARCH 27, 2007, IS BY AND AMONG HSBC BANK USA, NATIONAL ASSOCIATION, AS TRUSTEE (INCLUDING
SUCCESSORS, THE "TRUSTEE"), WACHOVIA MORTGAGE LOAN TRUST, LLC (TOGETHER WITH ANY SUCCESSOR IN INTEREST, THE
"DEPOSITOR"), NATIONAL CITY MORTGAGE CO., FIFTH THIRD MORTGAGE COMPANY, SUNTRUST MORTGAGE, INC. AND WELLS FARGO
BANK, N.A., AS SERVICERS (TOGETHER WITH ANY SUCCESSOR IN INTEREST OR SUCCESSOR UNDER THE POOLING AND SERVICING
AGREEMENT REFERRED TO BELOW, EACH AS A "SERVICER") AND U.S. BANK NATIONAL ASSOCIATION, AS MASTER SERVICER,
CERTIFICATE ADMINISTRATOR AND CUSTODIAN (TOGETHER WITH ANY SUCCESSOR IN INTEREST OR ANY SUCCESSOR APPOINTED
HEREUNDER, THE "CUSTODIAN").

                                                 WITNESSETH THAT:

                  WHEREAS, the Depositor, U.S. Bank National Association, as master servicer and certificate
administrator, the Servicers and the Trustee have entered  into a Pooling and Servicing Agreement, dated as of
March 27, 2007, relating to the issuance of WMLT Mortgage Pass-Through Certificates, Series 2007-A (the "Pooling
and Servicing Agreement"); and

                  WHEREAS, the Custodian has agreed to act as agent for the Trustee for the purposes of receiving
and holding certain documents and other instruments delivered by the Depositor or the Servicers under the Pooling
and Servicing Agreement  upon the terms and conditions and subject to the limitations hereinafter set forth;

                  NOW, THEREFORE, in consideration of the premises and the mutual covenants and agreements
hereinafter set forth, the Trustee, the Depositor, the Servicers and the Custodian hereby agree as follows:

                                                    ARTICLE I.
                                                    DEFINITIONS

                  Capitalized terms used in this Agreement and not defined herein shall have the meanings
assigned in the Pooling and Servicing Agreement, unless otherwise required by the context herein.

                                                    ARTICLE II.
                                    APPOINTMENT; CUSTODY OF MORTGAGE DOCUMENTS

                  Section 2.1.      Appointment of Custodian.

                  U.S. Bank National Association is hereby appointed as Custodian pursuant to this Agreement and
the Pooling and Servicing Agreement. U.S. Bank National Association hereby accepts such appointment, and agrees
to perform the duties of the Custodian hereunder and thereunder and to comply with the terms and provisions
hereof and thereof with respect thereto.

                  Section 2.2.      Acceptance  of  Mortgage  Files.  The  Custodian  acknowledges  (subject to any
exceptions  noted in the  Initial  Certification  referred  to in Section  2.4(1))  receipt of the  Mortgage  Files
relating to the Mortgage  Loans  identified on the schedule  attached  hereto (the  "Mortgage  Loan  Schedule") and
declares that it holds and will hold such Mortgage Files as agent of, and for the benefit of, the Trustee.

                  Section 2.3.      Recordation  of  Assignments.  If  any  Mortgage  File  includes  one  or  more
assignments  of Mortgage  to the Trustee in a state in which  recordation  is  specifically  required by the Rating
Agencies to obtain the initial  ratings for the  Certificates  pursuant to the provisions of Section 2.01(b) of the
Pooling and  Servicing  Agreement,  each such  assignment  shall be delivered by the Custodian to the Depositor for
the purpose of recording it in the appropriate  public office for real property records,  and the Depositor,  at no
expense to the Custodian,  shall promptly cause to be recorded in the  appropriate  public office for real property
records each such  assignment  of Mortgage  and, upon receipt  thereof from such public  office,  shall return each
such assignment of Mortgage to the Custodian.

                  Section 2.4.      Review of Mortgage Files.

                  (1)      On or prior to the Closing  Date,  in  accordance  with  Section 2.02 of the Pooling and
Servicing Agreement,  the Custodian shall deliver to the Depositor and the Trustee an Initial  Certification in the
form of Exhibit O to the Pooling and  Servicing  Agreement  evidencing  receipt  (subject to any  exceptions  noted
therein) of a Mortgage File for each Mortgage Loan listed on the Mortgage Loan Schedule.

                  (2)      Within 90 days of the Closing Date, the Custodian  shall review,  in accordance with the
provisions  of Section 2.02 of the Pooling and  Servicing  Agreement,  and shall  deliver to the  Depositor and the
Trustee a Final  Certification  in the form  annexed as Exhibit P to the Pooling and  Servicing  Agreement.  If, in
the course of such review,  the Custodian finds any document described in Section  2.01(b)(i),  (ii), (iii), (v) or
(ix)(A),  (B), (C), (D), (F) or (G) of the Pooling and Servicing  Agreement which does not meet the requirements of
Section 2.01 of the Pooling and Servicing  Agreement or is omitted from such  Mortgage  File,  the Custodian  shall
promptly so notify the related  Servicer and the  Depositor.  In  performing  any such review,  the  Custodian  may
conclusively  rely on the purported  genuineness of any such document and any signature  thereon.  It is understood
that the scope of the  Custodian's  review of the Mortgage Files is limited solely to confirming that the documents
listed in Section  2.01(b)(i),  (ii),  (iii),  (v) and  (ix)(A),  (B),  (C),  (D),  (F) and (G) of the  Pooling and
Servicing  Agreement  have been  received  and  further  confirming  that any and all  documents  contained  in the
Mortgage File appear on their face to have been  executed and relate to the related  Mortgage  Loan.  The Custodian
shall not have any  responsibility for determining  whether any document is valid and binding,  whether the text of
any  assignment  or  endorsement  is in proper or  recordable  form,  whether  any  document  has been  recorded in
accordance with the requirements of any applicable  jurisdiction,  or whether a blanket  assignment is permitted in
any applicable jurisdiction.

                  (3)      The Custodian  shall retain  possession  and custody of each Mortgage File in accordance
with and subject to the terms and conditions set forth in the Pooling and Servicing Agreement.

                  (4)      The  Custodian  shall be under no duty or obligation  (i) to inspect,  review or examine
any  documents,  instruments,  certificates  or other papers to determine  that they are genuine,  enforceable,  or
appropriate for the  represented  purpose or that they are other than what they purport to be on their face or (ii)
to determine  whether any Mortgage  File should  include any of the  documents  specified in Sections  2.01(b)(iv),
(vi), (vii) and (viii) and (ix)(E) of the Pooling and Servicing Agreement.

                  Section 2.5.      Notification of Breaches of Representations  and Warranties.  Upon discovery by
the  Custodian  of a breach of any  representation  or  warranty  as set forth in Section  2.04 of the  Pooling and
Servicing  Agreement  with  respect to a Mortgage  Loan,  the  Custodian  shall give prompt  written  notice to the
Depositor, the Servicers and the Trustee.

                  Section 2.6.      Custodian  to  Cooperate;  Release  of  Mortgage  Files.  Upon  receipt  by the
Custodian of a Request for Release,  in accordance with  Section 3.15 of the Pooling and Servicing  Agreement,  the
Custodian  shall  within  seven  Business  Days  release the related  Mortgage  File to or at the  direction of the
requesting  Servicer.  Such  Servicer  shall cause the  Mortgage  File so released to be returned to the  Custodian
when the need therefor by the Servicer no longer  exists,  unless the Mortgage Loan is liquidated  and the proceeds
thereof are deposited in the related Servicer Custodial  Account,  in which case such Servicer shall deliver to the
Custodian a Request for Release, signed by a Servicing Officer.

                                                   ARTICLE III.
                                             CONCERNING THE CUSTODIAN

                  Section 3.1.      Custodian  as Bailee and Agent of the Trustee.  With  respect to each  Mortgage
Note,  Mortgage and other  documents  constituting  each Mortgage File which are  delivered to the  Custodian,  the
Custodian is  exclusively  the bailee and agent of the Trustee,  is holding such Mortgage File for the sole benefit
of the Trustee,  and has no instructions to hold any Mortgage Note,  Mortgage,  or Mortgage File for the benefit of
any person  other than the Trustee and the  Certificateholders.  The  Custodian  undertakes  to perform such duties
and only such duties as are  specifically  set forth in this  Agreement  and the Pooling and  Servicing  Agreement.
Except upon  compliance  with the  provisions  of Section 2.6 of this  Agreement,  no  Mortgage  Note,  Mortgage or
Mortgage File shall be delivered by the Custodian to the  Depositor,  the Servicers or otherwise  released from the
possession of the Custodian.

                  Section 3.2.      Custodian May Own  Certificates.  The Custodian in its  individual or any other
capacity  may  become  the owner or  pledgee  of  Certificates  with the same  rights it would  have if it were not
Custodian.

                  Section 3.3.      Master  Servicer to Pay Fees. The Master  Servicer  covenants and agrees to pay
to the Custodian  from time to time, and the Custodian  shall be entitled to, all  reasonable  fees as agreed to by
the Master  Servicer and the Custodian for services  rendered by it in the exercise and  performance  of any of the
powers and duties hereunder of the Custodian.

                  Section 3.4.      Custodian May Resign;  Trustee May Remove  Custodian.  The Custodian may resign
by giving notice to the other parties to this  Agreement.  Upon receiving such notice of  resignation,  the Trustee
either shall take custody of the Mortgage  Files or shall appoint a successor  Custodian  meeting the  requirements
set forth below.

                  Thirty (30) days after such notice of resignation, if the Trustee by then shall not have taken
custody of the Mortgage Files and shall not have appointed a successor Custodian that has accepted its
appointment, the resigning Custodian shall be entitled to deliver the Mortgage Files to the offices of the
Trustee, and the Trustee shall be obligated to accept delivery. Alternatively, the resigning Custodian may
petition any court of competent jurisdiction for the appointment of a successor Custodian meeting the
requirements set forth below.

                  The Trustee may remove the Custodian at any time for cause, based upon a material breach by the
Custodian of its duties or obligations under this Agreement or the Pooling and Servicing Agreement if, after
giving notice of such material breach to the Custodian, such material breach remains uncured for 90 days.  In
addition, the Trustee may remove the Custodian if the credit rating of the Custodian is withdrawn or reduced to
below "BBB-" by Standard & Poor's or below "Baa3" by Moody's.

                   In the event of any removal of the Custodian, the Trustee shall appoint, or petition a court
of competent jurisdiction to appoint, a successor Custodian meeting the requirements set forth below.

                  Any successor Custodian shall be an insured depository institution subject to supervision or
examination by a federal or State governmental authority, shall have a combined capital and surplus at the time
of appointment of at least $50,000,000 and shall be qualified to do business, or exempt from such qualification,
in the jurisdictions in which the Mortgage Files will be held, unless the Depositor, the Issuer and the Trustee
each consent otherwise.

                  Any resignation or removal of the Custodian, and appointment of a successor Custodian, shall
become effective only upon acceptance by the successor Custodian of its appointment. The Trustee shall give
prompt notice to the other parties to this Agreement of the appointment of any successor Custodian. No successor
Custodian shall be appointed by the Trustee without the prior approval of the Depositor, which approval shall not
be unreasonably withheld.

                  Section 3.5.      Merger or Consolidation  of Custodian.  Any Person into which the Custodian may
be merged or converted or with which it may be consolidated,  or any Person  resulting from any merger,  conversion
or  consolidation  to which the  Custodian  shall be a party,  or any  Person  succeeding  to the  business  of the
Custodian,  shall be the successor of the Custodian hereunder,  without the execution or filing of any paper or any
further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding.

                  Section 3.6.      Representations of the Custodian.  The Custodian hereby represents that it is a
depository  institution  subject to  supervision or  examination  by a federal or state  authority,  has a combined
capital and surplus of at least  $50,000,000 and is qualified to do business in the  jurisdictions in which it will
hold any Mortgage File.

                                                    ARTICLE IV.
                                          REPRESENTATIONS AND WARRANTIES

                  Section 4.1.      Representations  and Warranties.  Each of the Depositor,  each Servicer and the
Custodian hereby represents and warrants to, and agrees with, the other parties that:

                  (a)      such party has been duly formed and is validly existing in good standing under the
laws of the jurisdiction of its formation;

                  (b)      such party has, in all material respects, full power and authority to own its assets
and operate its business as presently owned or operated and to execute, deliver, and perform its obligations
under this Agreement;

                  (c)      this Agreement has been duly authorized, executed, and delivered by such party,
constitutes the legal, valid, and binding obligation of such party, and is enforceable against such party in
accordance with its terms, except as such enforceability may be limited by laws relating to the rights of
creditors or general principles of equity;

                  (d)      neither the execution and delivery by such party of this Agreement, nor the
performance by such party of its obligations under this Agreement, will conflict with, result in a material
breach or violation of, or constitute (with or without notice or lapse of time or both) a default under, any law
or any indenture or other agreement to which such party or its properties are bound, other than such as would not
have a material adverse effect on the other parties to this Agreement;

                  (e)      there are no proceedings or investigations pending or, to the best knowledge of such
party, threatened, against such party before any governmental authority (i) asserting the unenforceability of
this Agreement, (ii) seeking to prevent the consummation of any transaction contemplated by this Agreement,
(iii) seeking any determination or ruling that, in the reasonable judgment of such party, would have a material
adverse effect on such party's performance under this Agreement, or (iv) seeking any determination or ruling that
would have a material adverse effect on the enforceability of this Agreement, in each case which, if adversely
determined, would be reasonably likely to result in a material adverse effect on the other parties to this
Agreement; and

                  (f)      no consent, approval, authorization, or order of, or filing with, any governmental
authority is required on the part of such party in connection with its performance of the transactions
contemplated by this Agreement, except those which have been obtained or made and are in full force and effect
and those which the failure to obtain would not have a material adverse effect on the other parties to this
Agreement.

                                                    ARTICLE V.
                                           COMPLIANCE WITH REGULATION AB

                  Section 5.1.      Intent of the  parties;  Reasonableness.  The parties  hereto  acknowledge  and
agree that the purpose of this Article V is to facilitate  compliance by the Depositor,  the Master  Servicer,  the
Certificate  Administrator  and the Trustee with the provisions of Regulation AB and related rules and  regulations
of the  Commission.  None of the Depositor,  the Master  Servicer,  the Certificate  Administrator  nor the Trustee
shall 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 1933 Act,  the 1934 Act and the rules and
regulations of the Commission  under the 1933 Act and the 1934 Act. Each of the parties  hereto  acknowledges  that
interpretations  of the  requirements  of the  requirements  of Regulation AB may change over time,  whether due to
interpretive   guidance   provided  by  the  Commission  or  its  staff,   consensus  among   participants  in  the
mortgage-backed  securities markets,  advice of counsel,  or otherwise,  and agrees to comply with requests made by
the Depositor,  the Master Servicer,  the Certificate  Administrator  and the Trustee in good faith for delivery of
information  under  these  provisions  on the basis of  evolving  interpretations  of  Regulation  AB to the extent
reasonably  practicable.  The Custodian shall cooperate  reasonably with the Depositor,  the Master  Servicer,  the
Certificate  Administrator  and the Trustee to deliver to the Depositor,  the Master  Servicer and the  Certificate
Administrator  (including any of their  respective  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,  the Master Servicer, the Certificate  Administrator and the Trustee to permit the Depositor, the
Master Servicer, the Certificate Administrator and the Trustee to comply with the provisions of Regulation AB.

                  Section 5.2.      Additional Representations and Warranties of the Custodian.

                  (1)      The  Custodian  hereby  represents  and warrants that the  information  set forth in the
Prospectus  Supplement  relating to the  Certificates,  dated March 27,  2007,  under the caption  "The Pooling and
Servicing  Agreement - Custodial  Arrangements" (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.

                  (2)      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 5.3 that,  except as disclosed in
writing to the Depositor  prior to such date:  (i) there are no aspects of its financial  condition that could have
a material adverse effect on the performance by it of its Custodian  obligations  under this Agreement or any other
securitization  transaction  as to which it is the  custodian;  (ii) there are no  material  legal or  governmental
proceedings  pending (or known to be contemplated)  against it; and (iii) there are no affiliations,  relationships
or transactions relating to the Custodian with respect to the Depositor or any sponsor,  issuing entity,  servicer,
trustee,  originator,  significant obligor, enhancement or support provider or other material transaction party (as
such terms are used in Regulation AB) (each,  a "Transaction  Party")  relating to the  securitization  transaction
contemplated by the Pooling and Servicing  Agreement,  other than those identified by the Custodian to Depositor in
writing as of the Closing Date.

                  (3)      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  (1) of this  section or, if any such  representation  and warranty is not
accurate as of the date of such  confirmation,  provide reasonably  adequate  disclosure of the pertinent facts, in
writing,  to the  requesting  party.  Any such  request from the  Depositor  shall not be given more than once each
calendar  quarter,  unless  the  Depositor  shall  have a  reasonable  basis  for a  determination  that any of the
representations and warranties may not be accurate.

                  Section 5.3.      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 1934
Act with  respect to any class of  Certificates,  the  Custodian  shall (a) notify the  Depositor in writing of any
material  litigation  or  governmental  proceedings  pending  against  the  Custodian  that  would be  material  to
Certificateholders,  and (b) provide to the Depositor a written  description of such  proceedings.  Any notices and
descriptions  required  under  this  Section  5.3 shall be given no later  than  five  Business  Days  prior to the
Determination  Date  following the month in which the  Custodian  has  knowledge of the  occurrence of the relevant
event.  As of the date the  Depositor or Master  Servicer  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 5.3, if any, is materially  correct and does not have any material  omissions unless the Custodian has
provided an update to such information.

                  Section 5.4.      Report on Assessment of Compliance  and  Attestation.  On or before March 15 of
each calendar year, the Custodian shall:

                  (1)      deliver to the  Depositor a report (in form and  substance  reasonably  satisfactory  to
the  Depositor)  regarding the  Custodian's  assessment of compliance  with the Applicable  Servicing  Criteria set
forth on Exhibit A hereto  during the  immediately  preceding  calendar  year,  as required  under Rules 13a-18 and
15d-18 of the 1934 Act and Item 1122 of Regulation  AB (each such report,  an  "Assessment  of  Compliance").  Each
such  Assessment  of Compliance  shall be addressed to the  Depositor  and signed by an  authorized  officer of the
Custodian; and

                  (2)      deliver to the  Depositor a report of a registered  public  accounting  firm  reasonably
acceptable to the  Depositor  that attests to, and reports on, the  Assessment of Compliance  made by the Custodian
and  delivered  pursuant to the  preceding  paragraph  (each such  report,  an  "Accountant's  Attestation").  Such
Accountant's  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 1934 Act.

                  Section 5.5.      Indemnification.   The  Custodian   shall   indemnify  and  hold  harmless  the
Certificate  Administrator,  the  Master  Servicer  and the  Depositor  and  each  of  their  directors,  officers,
employees,  agents,  and  affiliates  from and against  any and all  claims,  losses,  damages,  penalties,  fines,
forfeitures,  reasonable  legal fees and related  costs,  judgments and other costs and expenses  arising out of or
based  upon (a) any  breach by it of any if its  obligations  under  this  Article  V  including  particularly  its
obligation to provide any  Assessment  of  Compliance  or  Accountant's  Attestation  or any  information,  data or
material  required  to be included in any 1934 Act report,  (b) any  misstatement  or omission in any  information,
data or  materials  provided by the  Custodian  pursuant  to this  Article V, or (c) the  negligence,  bad faith or
willful  misconduct of the Custodian Party in connection with the performance of any if its obligations  under this
Article V. This  indemnification  shall survive the  termination of this Agreement or the  termination of any party
to this Agreement.

                                                    ARTICLE VI.
                                             MISCELLANEOUS PROVISIONS

                  Section 6.1.      Notices. All notices,  requests,  consents and demands and other communications
required  under this  Agreement or pursuant to any other  instrument or document  delivered  hereunder  shall be in
writing and,  unless  otherwise  specifically  provided,  may be  delivered  personally,  by telegram or telex,  by
overnight  express,  or by registered or certified mail, postage prepaid,  return receipt  requested,  at 1) in the
case of the  Trustee,  HSBC Bank USA,  National  Association,  452 Fifth  Avenue,  New York,  NY 10018,  Attention:
Corporate  Trust,  WMLT 2007-A;  2) in the case of the  Custodian,  U.S.  Bank  National  Association,  1133 Rankin
Street, Suite 100, EP-MN-TMZD,  St. Paul, Minnesota 55116,  Attention:  Document Collateral Services - WMLT 2007-A;
3) in the case of the  Depositor,  Wachovia  Mortgage  Loan Trust,  LLC, 301 S.  College  Street,  NC5578-Suite  G,
Charlotte,  North  Carolina  28288,  Attention:  General  Counsel and Chief  Financial  Officer;  4) in the case of
National City, National City Mortgage Co., 3232 Newmark Dr., Miamisburg,  OH 45342, Attention:  Mary Beth Criswell;
5) in the case of Fifth Third,  Fifth Third Bank, 5001 Kingsley Drive,  Cincinnati,  Ohio 45263,  Attention:  Steve
Johnson MD 1MOB2V; 6) in the case of SunTrust,  SunTrust  Mortgage,  Inc., 1001 Semmes Avenue,  Richmond,  Virginia
23224,  Attention:  Annette  Holman-Foreman;  and 7) in the case of Wells  Fargo,  Wells Fargo Bank,  N.A.,  1 Home
Campus, Des Moines, Iowa 50328-0001,  Attention:  John B. Brown, MAC X2302-033, with a copy to General Counsel, MAC
X2401-06T  (unless  changed by the  particular  party whose address is stated herein by similar notice in writing),
in which case the notice will be deemed delivered when received.

                  Section 6.2.      Amendments.  No  modification  or amendment of or supplement to this  Agreement
shall be valid or  effective  unless the same is in writing  and signed by all  parties  hereto,  and  neither  the
Depositor,  the Servicers nor the Trustee shall enter into any amendment  hereof except as permitted by the Pooling
and Servicing Agreement.  The Certificate  Administrator shall give prompt notice to the Custodian of any amendment
or supplement to the Pooling and Servicing Agreement and furnish the Custodian with written copies thereof.

                  Section 6.3.      GOVERNING  LAW.  THIS   AGREEMENT   SHALL  BE  GOVERNED  BY  AND  CONSTRUED  IN
ACCORDANCE  WITH THE LAWS OF THE  STATE OF NEW  YORK,  WITHOUT  APPLICATION  OF THE  CONFLICTS  OF LAWS  PROVISIONS
THEREOF,  AND THE OBLIGATIONS,  RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH
SUCH LAWS.

                  Section 6.4.      Recordation  of  Agreement.  To the extent  permitted by  applicable  law, this
Agreement  is subject to  recordation  in all  appropriate  public  offices  for real  property  records in all the
counties or other  comparable  jurisdictions  in which any or all of the  properties  subject to the  Mortgages are
situated,  and in any other  appropriate  public recording office or elsewhere,  such recordation to be effected by
the  Depositor  and at the  Depositor's  expense,  but only upon  direction  accompanied  by an  Opinion of Counsel
reasonably  satisfactory  to the Depositor to the effect that the failure to effect such  recordation  is likely to
materially and adversely affect the interests of the Certificateholders.

                  For the purpose of facilitating the recordation of this Agreement as herein provided and for
other purposes, this Agreement may be executed simultaneously in any number of counterparts, each of which
counterparts shall be deemed to be an original, and such counterparts shall constitute but one and the same
instrument.

                  Section 6.5.      Severability  of Provisions.  If any one or more of the covenants,  agreements,
provisions  or terms of this  Agreement  shall be for any reason  whatsoever  held  invalid,  then such  covenants,
agreements,  provisions or terms shall be deemed severable from the remaining covenants, agreements,  provisions or
terms of this Agreement and shall in no way affect the validity or  enforceability  of the other provisions of this
Agreement.

                  IN WITNESS WHEREOF, this Agreement is executed as of the date first above written.

                                                       HSBC BANK USA, NATIONAL ASSOCIATION,
                                                       not in its individual capacity but solely as Trustee under the
                                                       Pooling and Servicing Agreement

                                                       By:___________________________________________
                                                       Name:
                                                       Title:

                                                       WACHOVIA MORTGAGE LOAN TRUST, LLC,
                                                       as Depositor

                                                       By:___________________________________________
                                                       Name:
                                                       Title:

                                                       U.S. BANK NATIONAL ASSOCIATION, as Custodian, Master Servicer and
                                                       Certificate Administrator

                                                       By:___________________________________________
                                                       Name:
                                                       Title:

                                                       NATIONAL CITY MORTGAGE CO.,
                                                       as a Servicer

                                                       By:___________________________________________
                                                       Name:
                                                       Title:

                                                       FIFTH THIRD MORTGAGE COMPANY,
                                                       as a Servicer

                                                       By:___________________________________________
                                                       Name:
                                                       Title:

                                                       SUNTRUST MORTGAGE, INC.,
                                                       as a Servicer

                                                       By:___________________________________________
                                                       Name:
                                                       Title:

                                                       WELLS FARGO BANK, N.A.,
                                                       as a Servicer

                                                       By:____________________________________________
                                                       Name:
                                                       Title:

                                                     EXHIBIT A

                          SERVICING CRITERIA TO BE ADDRESSED IN ASSESSMENT OF COMPLIANCE

          The assessment of compliance to be delivered by the Custodian shall address, at a minimum, the criteria
                              identified as below as "Applicable Servicing Criteria";

_____________________________________________________________________________________________________________
                                                                                            Applicable
                                 Servicing Criteria                                     Servicing Criteria
_____________________________________________________________________________________________________________
      Reference                                   Criteria
_____________________________________________________________________________________________________________
                                      General Servicing Considerations
_____________________________________________________________________________________________________________
                        Policies and procedures are instituted to monitor any
                        performance or other triggers and events of default in
1122(d)(1)(i)           accordance with the transaction agreements
_____________________________________________________________________________________________________________
                        If any material servicing activities are outsourced to third
                        parties, policies and procedures are instituted to monitor
1122(d)(1)(ii)          the third party's performance and compliance with such
                        servicing activities
_____________________________________________________________________________________________________________
                        Any requirements in the transaction agreements to maintain a
1122(d)(1)(iii)         back-up servicer for the pool assets are maintained.
_____________________________________________________________________________________________________________
                        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
1122(d)(1)(iv)          required by and otherwise in accordance with the terms of
                        the transaction agreements.
_____________________________________________________________________________________________________________

                                     Cash Collection and Administration
_____________________________________________________________________________________________________________
                        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 and
1122(d)(2)(i)           identification, or such other number of days specified in
                        the transaction agreements.
_____________________________________________________________________________________________________________
                        Disbursements made via wire transfer on behalf of an obligor
1122(d)(2)(ii)          or to an investor are made only by authorized personnel.
_____________________________________________________________________________________________________________
                        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
1122(d)(2)(iii)         specified in the transaction agreements.
_____________________________________________________________________________________________________________
                        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
1122(d)(2)(iv)          respect to commingling of cash) as set forth in the
                        transaction agreements.
_____________________________________________________________________________________________________________

                        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
1122(d)(2)(v)           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.
_____________________________________________________________________________________________________________
                        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
1122(d)(2)(vii)         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
_____________________________________________________________________________________________________________
                        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
1122(d)(3)(i)           the trustee's records as to the total unpaid principal
                        balance and number of pool assets serviced by the servicer.
_____________________________________________________________________________________________________________
                        Amounts due to investors are allocated and remitted in
                        accordance with timeframes, distribution priority and other
1122(d)(3)(ii)          terms set forth in the transaction agreements.
_____________________________________________________________________________________________________________
                        Disbursements made to an investor are posted within two
                        business days to the servicer's investor records, or such
1122(d)(3)(iii)         other number of days specified in the transaction agreements.
_____________________________________________________________________________________________________________
                        Amounts remitted to investors per the investor reports agree
                        with cancelled checks, or other form of payment, or
1122(d)(3)(iv)          custodial bank statements.
_____________________________________________________________________________________________________________
                                          Pool Asset Administration
_____________________________________________________________________________________________________________
                        Collateral or security on pool assets is maintained as                   v
1122(d)(4)(i)           required by the transaction agreements or related asset pool
                        documents.
_____________________________________________________________________________________________________________
                        Pool assets and related documents are safeguarded as                     v
1122(d)(4)(ii)          required by the transaction agreements.
_____________________________________________________________________________________________________________
                        Any additions, removals or substitutions to the asset pool               v
                        are made, reviewed and approved in accordance with any
1122(d)(4)(iii)         conditions or requirements in the transaction agreements
_____________________________________________________________________________________________________________

                        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
1122(d)(4)(iv)          to principal, interest or other items (e.g., escrow) in
                        accordance with the related pool asset documents.
_____________________________________________________________________________________________________________
                        The servicer's records regarding the pool assets agree with
1122(d)(4)(v)           the servicer's records with respect to an obligor's unpaid
                        principal balance.
_____________________________________________________________________________________________________________
                        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
1122(d)(4)(vi)          with the transaction agreements and related pool asset
                        documents.
_____________________________________________________________________________________________________________
                        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
1122(d)(4)(vii)         timeframes or other requirements established by the
                        transaction documents.
_____________________________________________________________________________________________________________
                        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
1122(d)(4)(viii)        where delinquency is deemed temporary (e.g., illness or
                        unemployment).
_____________________________________________________________________________________________________________
                        Adjustments to interest rates or rates of return for pool
1122(d)(4)(ix)          assets with  variable rates are computed based on the
                        related pool asset documents.
_____________________________________________________________________________________________________________
                        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
1122(d)(4)(x)           repayment of the related pool asset, or such other number of
                        days specified in the transaction agreements.
_____________________________________________________________________________________________________________
                        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
1122(d)(4)(xi)          calendar days prior to these dates, or such other number of
                        days specified in the transaction agreements.
_____________________________________________________________________________________________________________
                        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
1122(d)(4)(xii)         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 O

                                           FORM OF INITIAL CERTIFICATION

HSBC Bank USA, National Association
452 Fifth Avenue
New York, NY 10018
Attn: Corporate Trust - WMLT 2007-A

Wachovia Mortgage Loan Trust, LLC
301 S. College Street, NC5578 - Suite G
Charlotte, North Carolina 28288-5578

         Re:      Wachovia Mortgage Loan Trust, LLC Series 2007-A Trust

Ladies and Gentlemen:

         In accordance  with Section 2.4 of the  custodial  agreement  dated as of March 27, 2007 (the  "Custodial
Agreement"),  between HSBC Bank USA,  National  Association,  as trustee,  Wachovia  Mortgage  Loan Trust,  LLC, as
depositor,  U.S.  Bank National  Association.,  as master  servicer and  certificate  administrator,  National City
Mortgage Co., Fifth Third Mortgage Company,  SunTrust Mortgage, Inc. and Wells Fargo Bank, N.A., as servicers,  and
U.S. Bank National Association,  as custodian (the "Custodian"),  the undersigned,  as Custodian,  hereby certifies
that it has received the following with respect to each Mortgage Loan listed in the Mortgage Loan Schedule:

         Except for the  exceptions  listed on the schedule  attached  hereto,  the  Mortgage  File for each of the
Mortgage Loans includes all documents  specified in Section  2.01(b)(i),  (ii),  (iii), (v) and (ix)(A),  (B), (C),
(D), (F) and (G) of the pooling and  servicing  agreement  dated as of March 27, 2007 (the  "Pooling and Servicing
Agreement"),   among  the  Depositor,   U.S.  Bank  National  Association,   as  master  servicer  and  certificate
administrator, the Servicers and the Trustee.

         Capitalized terms not otherwise defined herein have the meaning set forth in the Pooling and Servicing
Agreement.

                                    U.S. BANK NATIONAL ASSOCIATION,
                                    as Custodian

                                    By:____________________________________
                                       Name:
                                       Title:

                                                       EXHIBIT P

                                            FORM OF FINAL CERTIFICATION

HSBC Bank USA, National Association
452 Fifth Avenue
New York, NY 10018
Attn: Corporate Trust - WMLT 2007-A

Wachovia Mortgage Loan Trust, LLC
301 S. College Street, NC5578 - Suite G
Charlotte, North Carolina 28288-5578

Re:      Wachovia Mortgage Loan Trust, LLC Series 2007-A Trust

         Ladies and Gentlemen:

         In accordance  with Section 2.4 of the  custodial  agreement  dated as of March 27, 2007 (the  "Custodial
Agreement"),  between HSBC Bank USA,  National  Association,  as trustee,  Wachovia  Mortgage  Loan Trust,  LLC, as
depositor,  U.S.  Bank National  Association.,  as master  servicer and  certificate  administrator,  National City
Mortgage Co., Fifth Third Mortgage Company,  SunTrust Mortgage, Inc. and Wells Fargo Bank, N.A., as servicers,  and
U.S. Bank National Association,  as custodian (the "Custodian"),  the undersigned,  as Custodian,  hereby certifies
that it has received the following with respect to each Mortgage Loan listed in the Mortgage Loan Schedule:

         Except for the  exceptions  listed on the schedule  attached  hereto,  the  Mortgage  File for each of the
Mortgage Loans includes all documents  specified in Section  2.01(b)(i),  (ii),  (iii), (v) and (ix)(A),  (B), (C),
(D), (F) and (G) of the pooling and  servicing  agreement  dated as of March 27, 2007 (the  "Pooling and Servicing
Agreement"),   among  the  Depositor,   U.S.  Bank  National  Association,   as  master  servicer  and  certificate
administrator, the Servicers and the Trustee.

         Capitalized terms not otherwise defined herein have the meaning set forth in the Pooling and Servicing
Agreement.

                                    U.S. BANK NATIONAL ASSOCIATION,
                                    as Custodian

                                    By:____________________________________
                                       Name:
                                       Title:

                                                     EXHIBIT Q

                                            FORM OF 10-K CERTIFICATION

Re:  The  Pooling  and  Servicing  Agreement,  dated as of March 27,  2007 (the  "Pooling  and  Servicing
Agreement"),  among Wachovia Mortgage Loan Trust, LLC, as depositor (the "Depositor"),  U.S. Bank National
Association,  as master  servicer (in its capacity as certificate  administrator,  the "Master  Servicer")
and  certificate  administrator  (in  its  capacity  as  certificate  administrator,   the  "Certificate
Administrator"),  National City Mortgage Co., Fifth Third Mortgage Company,  SunTrust  Mortgage,  Inc. and
Wells  Fargo  Bank,  N.A.,  as  servicers,  and HSBC Bank  USA,  National  Association,  as  trustee  (the
"Trustee").

I,  _______________________,  the  ________________________ of [NAME OF COMPANY] (the "Company"),  certify
to the Depositor,  the Master  Servicer,  the  Certificate  Administrator,  and their  officers,  with the
knowledge and intent that they will rely upon this certification, that:

         (1)      I have  reviewed  (i) the  servicer  compliance  statement of the Company  provided in accordance
with  Section  12.06 of the Pooling and  Servicing  Agreement  (the "Item 1123  Certificate"),  (ii) the  report on
assessment of the Company's  compliance  with the servicing  criteria  provided in accordance with Section 12.07 of
the Pooling and Servicing  Agreement,  (iii) the registered public accounting firm's attestation report provided in
accordance  with Section 12.08 of the Pooling and Servicing  Agreement (the  "Accountant's  Attestation"),  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  Certificate  Administrator  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 Certificate Administrator;

         (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 Item 1123  Certificate
and  except  as  disclosed  in the  Item  1123  Certificate,  the  Assessment  of  Compliance  or the  Accountant's
Attestation, the Company has fulfilled its obligations under the Agreement in all material respects; and

         (5)      The Form of 10-K  Certification  required to be provided by the  Depositor  and by any  Servicing
Function  Participant  pursuant to the  Agreement,  have been provided to Certificate  Administrator.  Any material
instances  of  noncompliance  described  in such reports have been  disclosed  to  Certificate  Administrator.  Any
material instance of noncompliance with the Servicing Criteria has been disclosed in such reports.

By:_______________________________________
Name:
Title

                                            Date:

                                                      EXHIBIT R

                                            RELEVANT SERVICING CRITERIA

         The  assessment  of compliance to be delivered by the Master  Servicer and the  Certificate  Administrator
shall address, at a minimum,  the criteria  identified as below as "Applicable  Servicing Criteria" with respect to
such party:

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.

____________________________________________________________________________________________________________________
Regulation AB      Servicing Criteria                            Servicers      Master Servicer      Certificate
Reference                                                                                           Administrator
____________________________________________________________________________________________________________________
                   General Servicing Considerations
____________________________________________________________________________________________________________________
1122(d)(1)(i)      Policies and  procedures  are instituted          X                  X                 X
                   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              X                  X
                   are outsourced to third parties,
                   policies and procedures are instituted
                   to monitor the third party's
                   performance and compliance with such
                   servicing activities.
____________________________________________________________________________________________________________________
                   Any requirements in the transaction
                   agreements to maintain a back-up
                   servicer for the Pool Assets are
1122(d)(1)(iii)    maintained.
____________________________________________________________________________________________________________________
1122(d)(1)(iv)     A fidelity bond and errors and                    X                  X
                   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             X                  X                 X
                   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.
____________________________________________________________________________________________________________________
                   Disbursements made via wire transfer on           X                  X                 X
                   behalf of an obligor or to an investor
1122(d)(2)(ii)     are made only by authorized personnel.
____________________________________________________________________________________________________________________
                   Advances of funds or guarantees                   X                  X
                   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
1122(d)(2)(iii)    agreements.
____________________________________________________________________________________________________________________
                   The related accounts for the                      X                  X                 X
                   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
1122(d)(2)(iv)     forth in the transaction agreements.
____________________________________________________________________________________________________________________
                   Each custodial account is maintained at           X                  X
                   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
1122(d)(2)(v)      Act.
____________________________________________________________________________________________________________________

                   Unissued checks are safeguarded so as             X
1122(d)(2)(vi)     to prevent unauthorized access.
____________________________________________________________________________________________________________________
1122(d)(2)(vii)    Reconciliations are prepared on a                 X                  X                 X
                   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.
____________________________________________________________________________________________________________________
                   Investor Remittances and Reporting
____________________________________________________________________________________________________________________
1122(d)(3)(i)      Reports to investors, including those             X                  X                 X
                   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.
____________________________________________________________________________________________________________________
                   Amounts due to investors are allocated            X                                    X
                   and remitted in accordance with
                   timeframes, distribution priority and
                   other terms set forth in the
1122(d)(3)(ii)     transaction agreements.
____________________________________________________________________________________________________________________
                   Disbursements made to an investor are             X                                    X
                   posted within two business days to the
                   Servicer's investor records, or such
                   other number of days specified in the
1122(d)(3)(iii)    transaction agreements.
____________________________________________________________________________________________________________________
                   Amounts remitted to investors per the             X                                    X
                   investor reports agree with cancelled
                   checks, or other form of payment, or
1122(d)(3)(iv)     custodial bank statements.
____________________________________________________________________________________________________________________
                   Pool Asset Administration
____________________________________________________________________________________________________________________
1122(d)(4)(i)      Collateral or security on pool assets             X
                   is maintained as required by the
                   transaction agreements or related pool
                   asset documents.
____________________________________________________________________________________________________________________

1122(d)(4)(ii)     Pool assets  and related documents are            X
                   safeguarded as required by the
                   transaction agreements
____________________________________________________________________________________________________________________
1122(d)(4)(iii)    Any additions, removals or                        X
                   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            X
                   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.
____________________________________________________________________________________________________________________
                   The Servicer's records regarding the              X
                   pool assets agree with the Servicer's
                   records with respect to an obligor's
1122(d)(4)(v)      unpaid principal balance.
____________________________________________________________________________________________________________________
                   Changes with respect to the terms or              X
                   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
1122(d)(4)(vi)     pool asset documents.
____________________________________________________________________________________________________________________
                   Loss mitigation or recovery actions               X
                   (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
1122(d)(4)(vii)    agreements.
____________________________________________________________________________________________________________________
1122(d)(4)(viii)   Records documenting collection efforts            X
                   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).
____________________________________________________________________________________________________________________
1122(d)(4)(ix)     Adjustments to interest rates or rates            X
                   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             X
                   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.
____________________________________________________________________________________________________________________

                   Payments made on behalf of an obligor             X
                   (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
1122(d)(4)(xi)     transaction agreements.
____________________________________________________________________________________________________________________
                   Any late payment penalties in                     X
                   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
1122(d)(4)(xii)    omission.
____________________________________________________________________________________________________________________
                   Disbursements made on behalf of an                X
                   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
1122(d)(4)(xiii)   transaction agreements.
____________________________________________________________________________________________________________________
                   Delinquencies, charge-offs and                    X                  X
                   uncollectible accounts are recognized
                   and recorded in accordance with the
1122(d)(4)(xiv)    transaction agreements.
____________________________________________________________________________________________________________________
                   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
1122(d)(4)(xv)     transaction agreements.
____________________________________________________________________________________________________________________

                                                     EXHIBIT S

                                          ADDITIONAL FORM 10-D DISCLOSURE

___________________________________________________________________________________________________________________
                                         ADDITIONAL FORM 10-D DISCLOSURE

___________________________________________________________________________________________________________________
                    Item on Form 10-D                                         Party Responsible
___________________________________________________________________________________________________________________
  Item 1: Distribution and Pool Performance Information

___________________________________________________________________________________________________________________
Information included in the [Monthly Statement]                                   Servicer
                                                                          Certificate Administrator

___________________________________________________________________________________________________________________
Any information required by 1121 which is NOT included                            Depositor
on the [Monthly Statement]

___________________________________________________________________________________________________________________
                Item 2: Legal Proceedings

Any  legal  proceeding   pending  against  the  following
entities or their respective  property,  that is material
to Certificateholders,  including any proceeding known to
be contemplated by governmental authorities:
___________________________________________________________________________________________________________________
• Issuing Entity (Trust Fund)                                                     Depositor
___________________________________________________________________________________________________________________
• Sponsor (Seller)                                             Seller (if a party to the Pooling and Servicing
                                                                           Agreement) or Depositor
___________________________________________________________________________________________________________________
• Depositor                                                                       Depositor
___________________________________________________________________________________________________________________
• Trustee                                                                          Trustee
___________________________________________________________________________________________________________________
• Certificate Administrator                                               Certificate Administrator
___________________________________________________________________________________________________________________
• Master Servicer                                                              Master Servicer
___________________________________________________________________________________________________________________
• Custodian                                                                       Custodian
___________________________________________________________________________________________________________________
• 1110(b) Originator                                                              Depositor
___________________________________________________________________________________________________________________
• Any 1108(a)(2) Servicer (other than the Master                                  Servicer
Servicer or Certificate Administrator)
___________________________________________________________________________________________________________________
• Any other party contemplated by 1100(d)(1)                                      Depositor
___________________________________________________________________________________________________________________

     Item 3: Sale of Securities and Use of Proceeds                               Depositor
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.
___________________________________________________________________________________________________________________

         Item 4: Defaults Upon Senior Securities                          Certificate Administrator

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)
___________________________________________________________________________________________________________________
   Item 5: Submission of Matters to a Vote of Security                    Certificate Administrator
                         Holders                                                   Trustee

Information from Item 4 of Part II of Form 10-Q
___________________________________________________________________________________________________________________
       Item 6: Significant Obligors of Pool Assets                                Depositor

Item 1112(b) - Significant Obligor Financial Information*
___________________________________________________________________________________________________________________
*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.
___________________________________________________________________________________________________________________
  Item 7: Significant Enhancement Provider Information

Item 1114(b)(2) - Credit Enhancement Provider Financial
Information*
___________________________________________________________________________________________________________________
• Determining applicable disclosure threshold                                     Depositor
___________________________________________________________________________________________________________________
• Requesting  required financial  information  (including                         Depositor
any required  accountants' consent to the use thereof) or
effecting incorporation by reference
___________________________________________________________________________________________________________________
    Item 1115(b) - Derivative Counterparty Financial
                      Information*
___________________________________________________________________________________________________________________
• Determining current maximum probable exposure                                   Depositor
___________________________________________________________________________________________________________________
• Determining current significance percentage                                     Depositor
___________________________________________________________________________________________________________________
• Requesting  required financial  information  (including                         Depositor
any required  accountants' consent to the use thereof) or
effecting incorporation by reference
___________________________________________________________________________________________________________________
*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.
___________________________________________________________________________________________________________________

                Item 8: Other Information                     Any party responsible for the applicable Form 8-K
                                                                               Disclosure item
Disclose any information  required to be reported on Form
8-K during  the  period  covered by the Form 10-D but not
reported
___________________________________________________________________________________________________________________
                    Item 9: Exhibits
___________________________________________________________________________________________________________________
         Monthly Statement to Certificateholders                          Certificate Administrator
___________________________________________________________________________________________________________________
Exhibits required by Item 601 of Regulation S-K, such as                          Depositor
                   material agreements
___________________________________________________________________________________________________________________

                                                     EXHIBIT T

                                        FORM OF DISTRIBUTION DATE STATEMENT

                                                     EXHIBIT U

                                        ADDITIONAL DISCLOSURE NOTIFICATION

U.S. Bank National Association
60 Livingston Ave.
St. Paul, MN 55107
Attn: Structured Finance / WMLT 2007-A
Email: notification@fsir.com

Wachovia Mortgage Loan Trust, LLC
301 S. College Street, NC5578-Suite G
Charlotte, NC 28288-5578

RE: **Additional Form [10-D][10-K][8-K] Disclosure** Required

Ladies and Gentlemen:

In accordance with Article XII of the Pooling and Servicing Agreement, dated as of March 27, 2007 (the "Pooling
and Servicing Agreement"), among Wachovia Mortgage Loan Trust, LLC, as depositor (the "Depositor"), U.S. Bank
National Association, as master servicer and certificate administrator (in its capacity as certificate
administrator, the "Certificate Administrator"), National City Mortgage Co., Fifth Third Mortgage Company,
SunTrust Mortgage, Inc. and Wells Fargo Bank, N.A., as servicers, and HSBC Bank USA, National Association, as
trustee (the "Trustee"), the undersigned, as [             ], hereby notifies you that certain events have come
to our attention that [will] [may] need to be disclosed on Form [10-D] [ 10-K] [8-K].

Description of Additional Form [10-D][10-K][8-K] Disclosure:

List of any Attachments hereto to be included in the Additional Form [10-D][ 10-K][8-K] Disclosure:

Any inquiries related to this notification should be directed to [                          ], phone number:
[                            ]; email address: [                       ].

[NAME OF PARTY],
   as [role]

By:____________________________________
   Name:
   Title:

                                                     EXHIBIT V

                                          ADDITIONAL FORM 10-K DISCLOSURE

_____________________________________________________________________________________________________________
                  Item on Form 10-K                                      Party Responsible
_____________________________________________________________________________________________________________
          Item 1B: Unresolved Staff Comments                                 Depositor
_____________________________________________________________________________________________________________
              Item 9B: Other Information                 Any party responsible for disclosure items on Form
                                                                                8-K
_____________________________________________________________________________________________________________
   Item 15: Exhibits, Financial Statement Schedules                          Depositor
_____________________________________________________________________________________________________________
                   Additional Item:                     (i) All parties to the PSA (as to themselves), (ii)
                                                         the Depositor as to the issuing entity, (iii) the
          Disclosure per Item 1117 of Reg AB                  Depositor as to the sponsor, any 1106(b)
                                                                  originator, any 1100(d)(1) party
_____________________________________________________________________________________________________________
                   Additional Item:                     (i) All parties to the PSA (as to themselves), (ii)
                                                            the Depositor as to he sponsor, originator,
          Disclosure per Item 1119 of Reg AB            significant obligor, enhancement or support provider
_____________________________________________________________________________________________________________
                   Additional Item:                                     Depositor/ Servicer

        Disclosure per Item 1112(b) of Reg AB
_____________________________________________________________________________________________________________
                   Additional Item:                                          Depositor

     Disclosure per Items 1114(b) and 1115(b) of

                        Reg AB
_____________________________________________________________________________________________________________

                                                     EXHIBIT W

                                          FORM 8-K DISCLOSURE INFORMATION

___________________________________________________________________________________________________________________
                                         FORM 8-K DISCLOSURE INFORMATION
___________________________________________________________________________________________________________________
                    Item on Form 8-K                                          Party Responsible
___________________________________________________________________________________________________________________
  Item 1.01- Entry into a Material Definitive Agreement     All parties to the Pooling and Servicing Agreement as
                                                                  to each agreement to which it is a party
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
___________________________________________________________________________________________________________________
Item 1.02- Termination of a Material Definitive Agreement   All parties to the Pooling and Servicing Agreement as
                                                                  to each agreement to which it is a party
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.
___________________________________________________________________________________________________________________
          Item 1.03- Bankruptcy or Receivership                                   Depositor

Disclosure  is  required   regarding  the  bankruptcy  or
receivership, with respect to any of the following:

___________________________________________________________________________________________________________________
• Sponsor (Seller)                                                       Depositor/Sponsor (Seller)
___________________________________________________________________________________________________________________
• Depositor                                                                       Depositor
___________________________________________________________________________________________________________________
• Master Servicer                                                              Master Servicer
___________________________________________________________________________________________________________________
• Affiliated Servicer                                                             Servicer
___________________________________________________________________________________________________________________
•  Other  Servicer  servicing  20% or  more  of the  pool                         Servicer
assets at the time of the report
___________________________________________________________________________________________________________________
• Other material servicers                                                        Servicer
___________________________________________________________________________________________________________________
• Trustee                                                                          Trustee
___________________________________________________________________________________________________________________
• Certificate Administrator                                               Certificate Administrator
___________________________________________________________________________________________________________________
• Significant Obligor                                                             Depositor
___________________________________________________________________________________________________________________
• Credit Enhancer (10% or more)                                                   Depositor
___________________________________________________________________________________________________________________
• Derivative Counterparty                                                         Depositor
___________________________________________________________________________________________________________________

• Custodian                                                                       Custodian
___________________________________________________________________________________________________________________
Item 2.04- Triggering Events that Accelerate or Increase                          Depositor
 a Direct Financial Obligation or an Obligation under an                       Master Servicer
              Off-Balance Sheet Arrangement                               Certificate Administrator

Includes an early  amortization,  performance  trigger or
other  event,  including  event of  default,  that  would
materially  alter the  payment  priority/distribution  of
cash flows/amortization schedule.

Disclosure  will be made of events  other than  waterfall
triggers  which are  disclosed in the monthly  statements
to the certificateholders.
___________________________________________________________________________________________________________________
 Item 3.03- Material Modification to Rights of Security                   Certificate Administrator
                         Holders                                                  Depositor

Disclosure  is required of any material  modification  to
documents  defining  the  rights  of  Certificateholders,
including the Pooling and Servicing Agreement.
___________________________________________________________________________________________________________________
  Item 5.03- Amendments of Articles of Incorporation or                           Depositor
              Bylaws; Change of Fiscal Year
Disclosure   is  required  of  any   amendment   "to  the
governing documents of the issuing entity".
___________________________________________________________________________________________________________________
 Item 6.01- ABS Informational and Computational Material                          Depositor

___________________________________________________________________________________________________________________
      Item 6.02- Change of Servicer or Certificate          Master Servicer/Certificate Administrator/Depositor/
                      Administrator                                               Servicer

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.
___________________________________________________________________________________________________________________
Reg AB  disclosure  about  any  new  servicer  or  master            Servicer/Master Servicer/Depositor
servicer is also required.
___________________________________________________________________________________________________________________
Reg AB  disclosure  about any  successor  trustee is also                          Trustee
required.
___________________________________________________________________________________________________________________

   Item 6.03- Change in Credit Enhancement or External           Depositor/Certificate Administrator/Trustee
                         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                           Depositor
also required.
___________________________________________________________________________________________________________________
   Item 6.04- Failure to Make a Required Distribution                     Certificate Administrator

___________________________________________________________________________________________________________________
      Item 6.05- Securities Act Updating Disclosure                               Depositor

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.
___________________________________________________________________________________________________________________
If there are any new  servicers or  originators  required                         Depositor
to be disclosed  under  Regulation  AB as a result of the
foregoing,  provide the  information  called for in Items
1108 and 1110 respectively.
___________________________________________________________________________________________________________________
              Item 7.01- Reg FD Disclosure                                       All parties
___________________________________________________________________________________________________________________
                 Item 8.01- Other Events                                          Depositor

   Any event, with respect to which information is not
  otherwise called for in Form 8-K, that the registrant
       deems of importance to certificateholders.
___________________________________________________________________________________________________________________
      Item 9.01- Financial Statements and Exhibits             Responsible party for reporting/disclosing the
                                                            financial statement or exhibit (not applicable to the
                                                                                  Trustee)
___________________________________________________________________________________________________________________

                                                     EXHIBIT W

                                          FORM OF SERVICER'S CERTIFICATEWACHOVIA MORTGAGE LOAN TRUST, LLC,

                                                   as Purchaser,

                                                        and

                                       WACHOVIA BANK, NATIONAL ASSOCIATION,

                                                     as Seller

                                     ___________________________________________

                                         MORTGAGE LOAN PURCHASE AGREEMENT
                                     ___________________________________________

                                            Dated as of March 27, 2007

                                                      TABLE OF CONTENTS

                                                                                                              Page

SECTION 1.            Definitions................................................................................1

SECTION 2.            Purchase and Sale of the Mortgage Loans....................................................5

SECTION 3.            Mortgage Loan Schedule.....................................................................6

SECTION 4.            Allocation of Payments; Mortgage Loan Files................................................6

SECTION 5.            Material Defects...........................................................................7

SECTION 6.            Recordation of Assignments of Mortgages....................................................8

SECTION 7.            Representations and Warranties of Seller Concerning the Mortgage Loans.....................9

SECTION 8.            Representations and Warranties Concerning the Seller......................................13

SECTION 9.            Representations and Warranties Concerning the Purchaser...................................14

SECTION 10.           Conditions to Closing.....................................................................16

SECTION 11.           Notices...................................................................................17

SECTION 12.           Assignment by Purchaser...................................................................17

SECTION 13.           Representations, Warranties and Agreements to Survive Delivery............................17

SECTION 14.           Severability..............................................................................17

SECTION 15.           Counterparts..............................................................................18

SECTION 16.           Amendment.................................................................................18

SECTION 17.           GOVERNING LAW.............................................................................18

SECTION 18.           Further Assurances........................................................................18

SECTION 19.           Successors and Assigns....................................................................18

SECTION 20.           Maintain Rights in Effect.................................................................18

SECTION 21.           Entire Agreement..........................................................................18

SECTION 22.           No Partnership............................................................................18

                                                         i

                                              EXHIBITS AND SCHEDULE TO
                                          MORTGAGE LOAN PURCHASE AGREEMENT

Exhibit 1         Mortgage Loan Schedule Information
Exhibit 2         Schedule of Lost Notes
Exhibit 3         S&P LEVELS® Glossary, Version 5.7 Revised, Appendix E
Schedule A        Mortgage Loan Schedule

                                                        ii

                                          MORTGAGE LOAN PURCHASE AGREEMENT

                  MORTGAGE LOAN PURCHASE  AGREEMENT,  dated as of March 27, 2007,  as amended and  supplemented  by
any  and  all  amendments  hereto  (collectively,   the  "Agreement"),  by  and  between  WACHOVIA  BANK,  NATIONAL
ASSOCIATION,  a national banking  association  (the "Seller"),  and WACHOVIA  MORTGAGE LOAN TRUST,  LLC, a Delaware
limited liability company (the "Purchaser").

                  Upon the terms and subject to the  conditions of this  Agreement,  the Seller agrees to sell, and
the  Purchaser  agrees to purchase,  certain  conventional,  adjustable  rate,  first lien  mortgage  loans secured
primarily by one- to four-family  residential  properties as described  herein.  The Purchaser  intends to sell the
Mortgage  Loans to HSBC Bank USA,  National  Association,  as trustee  under the Pooling and  Servicing  Agreement,
dated as of March 27, 2007 (the "Pooling and Servicing Agreement"),  among the Purchaser,  as depositor,  U.S. Bank
National  Association,  as master servicer and certificate  administrator,  National City Mortgage Co., Fifth Third
Mortgage  Company,  SunTrust  Mortgage,  Inc. and Wells Fargo Bank,  N.A.,  each as  servicers,  and HSBC Bank USA,
National Association, as trustee.

                  Now,  therefore,  in  consideration  of the premises and the mutual  agreements set forth herein,
the parties hereto agree as follows:

                  SECTION 1.        Definitions. The following terms are defined as follows:

                  Agreement: The meaning set forth in the preambles hereto.

                  Closing Date: March 27, 2007.

                  Co-op Shares:  Shares issued by private non-profit housing corporations.

                  Custodian: The Custodian under the Pooling and Servicing Agreement.

                  Cut-off Date: March 1, 2007.

                  Deleted  Mortgage  Loan:  A Mortgage  Loan  replaced or to be replaced by a  Substitute  Mortgage
Loan.

                  Material Defect: The meaning set forth in Section 5(ii).

                  MERS: Mortgage Electronic Registration Systems, Inc.

                  Mortgage:  The mortgage,  deed of trust or instrument creating a lien on an interest in Mortgaged
Property securing a Mortgage Note.

                  Mortgage File: The following documents:

                  (i)      the original  Mortgage  Note,  endorsed by manual or facsimile  signature  either (A) in
blank or (B) in the  following  form:  "Pay to the  order of HSBC  Bank  USA,  National  Association,  as  Trustee,
without  recourse," with all necessary  intervening  endorsements  showing a complete chain of endorsement from the
originator  to the Trustee (each such  endorsement  being  sufficient to transfer all right,  title and interest of
the party so endorsing in and to that Mortgage Note);

                  (ii)     the original  recorded  Mortgage  with evidence of a recording  thereon,  or if any such
Mortgage has not been returned from the applicable  recording  office or has been lost, or if such public recording
office  retains the original  recorded  Mortgage,  a copy of such Mortgage  certified by the Seller as being a true
and correct copy of the Mortgage, if such copy is available;

                  (iii)    a duly  executed  assignment of mortgage from the mortgagee or assignee of record either
(A) in blank or (B) to "HSBC Bank USA,  National  Association,  as trustee for the holders of the Wachovia Mortgage
Loan Trust,  LLC  Mortgage  Pass-Through  Certificates,  Series  2007-A  Certificates"  (which may be included in a
blanket  assignment  or  assignments),  together  with,  except as provided  below,  originals  of all  intervening
recorded  assignments of such mortgage or copies of such intervening  assignments  certified by the Seller as being
true and complete copies of the original recorded intervening  assignments of Mortgage (each such assignment,  when
duly and validly  completed,  to be in  recordable  form and  sufficient  to effect the  assignment  of the related
Mortgage  to the  assignee  thereof);  provided  that,  if the  related  Mortgage  has not been  returned  from the
applicable public recording  office,  such assignment of mortgage may exclude the information to be provided by the
recording  office;  and  provided,  further,  if the related  Mortgage has been recorded in the name of MERS or its
designee,  no assignment of mortgage in favor of the Trustee is required;

                  (iv)     the originals of all assumption,  modification,  consolidation or extension  agreements,
if any, with evidence of recording thereon, if any;

                  (v)      the original or  duplicate  original  mortgagee  title  insurance  policy and all riders
thereto;
                  (vi)     the original of any guarantee executed in connection with the Mortgage Note;

                  (vii)    for each Mortgage  Loan, if any,  which is secured by a residential  long-term  lease, a
copy of the lease  with  evidence  of  recording  indicated  thereon,  or, if the lease is in the  process of being
recorded,  a photocopy of the lease,  certified by an officer of the  respective  prior owner of such Mortgage Loan
or by the applicable  title insurance  company,  closing/settlement/escrow  agent or company or closing attorney to
be a true and correct copy of the lease transmitted for recordation;

                  (viii)   the  original  of any  security  agreement,  chattel  mortgage  or  equivalent  document
executed in connection with the Mortgage; and

                                                        2

                  (ix)     for each  Mortgage  Loan  secured  by  Co-op  Shares,  the  originals  of the  following
documents or instruments:

                  (A)      The stock certificate;

                  (B)      The stock power executed in blank;

                  (C)      The executed proprietary lease;

                  (D)      The executed recognition agreement;

                  (E)      The executed assignment of recognition agreement, if any;

                  (F)      The executed UCC-1 financing statement with evidence of recording thereon; and

                  (G)      Executed  UCC-3  financing  statements or other  appropriate  UCC  financing  statements
required by state law,  evidencing a complete and unbroken  line of  assignments  from the mortgagee to the Trustee
with evidence of recording thereon (or in a form suitable for recordation).

                  Mortgage  Interest  Rate:  As to any  Mortgage  Loan,  the per annum  rate of  interest  at which
interest  accrues on the principal  balance of such Mortgage Loan, as adjusted from time to time in accordance with
the provisions of the related Mortgage Note.

                  Mortgage Loans: The mortgage loans listed on the Mortgage Loan Schedule.

                  Mortgage Loan Schedule:  The list of Mortgage  Loans,  as from time to time amended by the Seller
to reflect the addition of Substitute  Mortgage  Loans and the deletion of Deleted  Mortgage  Loans pursuant to the
provisions of this Agreement, attached hereto as Schedule A.

                  Mortgage  Note: The originally  executed note or other  evidence of  indebtedness  evidencing the
indebtedness of a Mortgagor under a Mortgage Loan, together with all riders thereto and amendments thereof.

                  Mortgaged Property:  The property (including a leasehold interest) securing a Mortgage Loan.

                  Mortgagor:  The obligor on a Mortgage Note.

                  Opinion of  Counsel:  A written  opinion  of  counsel,  who may be counsel  for the Seller or the
Purchaser, reasonably acceptable to the Purchaser.

                  Person:  Any individual,  corporation,  limited liability  company,  partnership,  joint venture,
association,  joint-stock  company,  trust,  unincorporated  organization,  government  or any agency or  political
subdivision thereof, or any other organization or entity of any type, whether or not a legal entity.

                                                        3

                  Pooling and Servicing Agreement: The meaning set forth in the preambles hereto.

                  Prospectus  Supplement:  The supplement,  dated March 27, 2007, to the Prospectus,  dated May 23,
2006, relating to certain classes of the certificates issued under the Pooling and Servicing Agreement.

                  Purchase Price: The meaning specified in Section 2(ii).

                  Purchaser: The meaning set forth in the preambles hereto.

                  Remittance  Date:  As to any  Distribution  Date (as such  term is  defined  in the  Pooling  and
Servicing  Agreement  in effect as of the date  hereof),  by 2:00 p.m.  Eastern  time on the  second  Business  Day
immediately preceding such Distribution Date.

                  Repurchase  Price:  With respect to any  Mortgage  Loan (or any  property  acquired  with respect
thereto)  required to be purchased by the Seller pursuant to this  Agreement,  an amount equal to the sum of (i)(a)
the unpaid  principal  balance of such  Mortgage  Loan as of the date of  repurchase  (or if the related  Mortgaged
Property  was  acquired  by the  Purchaser  or its  assignee,  the  unpaid  principal  balance  at the  date of the
acquisition),  plus (b) accrued but unpaid interest on the principal  balance at the related Mortgage Interest Rate
through and  including  the last day of the month of  repurchase,  and (ii) any costs and  damages  incurred by the
Purchaser  in  connection  with a breach  of the  representation  contained  in  Section  7(iii) as a result of any
violation of any predatory or abusive lending law with respect to such Mortgage Loan.

                  Seller: The meaning set forth in the preambles hereto.

                  Servicer: The applicable Servicer under the Pooling and Servicing Agreement.

                  Substitute  Mortgage Loan: A mortgage loan  substituted  for a Deleted  Mortgage Loan pursuant to
the provisions of this Agreement. Upon such substitution, such mortgage loan shall be a "Mortgage Loan" hereunder.

                  Substitution Adjustment Amount: The meaning specified in Section 5(v).

                  Transferred Property: The meaning specified in Section 2(i).

                  Trustee: The Trustee under the Pooling and Servicing Agreement.

                                                        4

                  SECTION 2.        Purchase and Sale of the Mortgage Loans.

                  (i)      The Seller does hereby sell,  assign,  set over,  transfer,  and otherwise convey to the
Purchaser on the Closing Date,  without recourse (except as expressly  provided  herein),  all of its right,  title
and interest,  in, to and under the  following:  (A) the Mortgage Loans  (including  the related  Mortgage Note and
Mortgage,  all monies due or to become due on the  Mortgage  Loans (other than  payments of principal  and interest
due and payable on or before the Cut-off  Date),  and all  collections  on the Mortgage  Loans  received  after the
Cut-off Date (other than  payments of principal and interest due and payable on or before the Cut-off  Date));  (B)
any insurance policies in respect of the Mortgage Loans; and (C) all proceeds of the foregoing  (collectively,  the
"Transferred Property").

                  (ii)     The  purchase  price (the  "Purchase  Price")  for the  Mortgage  Loans and the  related
Transferred  Property  to be  paid  by the  Purchaser  to the  Seller  on the  Closing  Date  shall  be (A) a 0.01%
Percentage  Interest in the Class  1-A-R  Certificates  (as such terms are  defined in the  Pooling  and  Servicing
Agreement in effect as of the date hereof) and (B) an amount equal to $293,530,205.74.

                  (iii)    In  consideration  of the  sale  of the  Mortgage  Loans  and  the  related  Transferred
Property by the Seller to the Purchaser on the Closing Date,  the Purchaser  shall pay to the Seller on the Closing
Date by wire transfer of immediately  available funds to a bank account  designated by the Seller, the cash portion
of the Purchase Price and shall deliver to the Seller a 0.01% Percentage Interest in the Class 1-A-R Certificates.

                  (iv)     It is the express  intent of the parties  hereto that the transfer of the Mortgage Loans
by the  Seller to the  Purchaser  pursuant  to this  Section 2 be, and be  construed  as, an  absolute  sale of the
Mortgage Loans by the Seller to the Purchaser,  including for accounting purposes, and not a secured borrowing.  It
is,  further,  not the  intention of the parties that such  transfer be deemed the grant of a security  interest in
the Mortgage Loans by the Seller to the Purchaser to secure a debt or other obligation of the Seller.  However,  in
the event that,  notwithstanding  the intent of the parties,  the Mortgage Loans are held to be the property of the
Seller,  or if for any other reason this Agreement is held or deemed to create a security  interest in the Mortgage
Loans, then: (1) this Agreement shall constitute a security  agreement,  and (2) the transfer of the Mortgage Loans
provided  for in this  Section 2 shall be deemed to be a grant by the  Seller to the  Purchaser  of, and the Seller
hereby grants to the Purchaser,  to secure all of the Seller's  obligations  hereunder,  a security interest in all
of the Seller's right,  title, and interest,  whether now owned or hereafter  acquired,  in and to (i) the Mortgage
Loans, (ii) all accounts,  chattel paper, deposit accounts,  documents,  general intangibles,  goods,  instruments,
investment  property,  letter-of-credit  rights,  letters of  credit,  money,  and oil,  gas,  and other  minerals,
consisting of, arising from, or relating to, any of the foregoing; and (iii) all proceeds of the foregoing.

                  (v)      The  Seller  shall file such  financing  statements,  and the  Seller and the  Purchaser
shall, to the extent  consistent  with this Agreement,  take such other actions as may be necessary to ensure that,
if this Agreement were found to create a security  interest in the Mortgage Loans,  such security interest would be
a perfected  security  interest of first  priority under  applicable law and will be maintained as such  throughout

                                                        5

the term of the Agreement.  In connection  herewith,  the Purchaser  shall have all of the rights and remedies of a
secured party under the Uniform Commercial Code as in force in the relevant jurisdiction.

                  (vi)     Concurrently  herewith,  the  Purchaser has  contracted  to sell the Mortgage  Loans and
other  Transferred  Property  to the  Trustee  pursuant  to the  Pooling  and  Servicing  Agreement.  To avoid  the
unnecessary  expense and  administrative  inconvenience  associated  with the  execution  and recording of multiple
assignment  documents,  the Seller may either (A) deliver (if the Seller is not the last assignee of record) or (B)
execute (if the Seller is the last  assignee of record) one or more  assignments  of  mortgages  in blank or naming
the Trustee as  assignee,  and may either (A) deliver (if the Seller is not the last  endorsee)  or (B) endorse (if
the Seller is the last  endorsee)  the  Mortgage  Notes  endorsed in blank or to the Trustee.  Notwithstanding  the
fact that such  assignments  of mortgages  name the Trustee as assignee and that Mortgage Notes are endorsed to the
Trustee,  the parties hereto  acknowledge and agree that the Mortgage Loans for all purposes have been  transferred
from the Seller to the Purchaser and from the Purchaser to the Trustee.

                  SECTION 3.        Mortgage Loan  Schedule.  The initial  Mortgage Loan Schedule shall be prepared
by the Seller and shall set forth the  information  listed on Exhibit 1 to this  Agreement  with respect to each of
the Mortgage Loans being sold by the Seller hereunder.

                  SECTION 4.        Allocation of Payments; Mortgage Loan Files.

                  (i)      The  Purchaser  will be  entitled  to all  payments  of  principal  and  interest on the
Mortgage Loans due after the Cut-off Date,  regardless of when actually collected (other than prepayments  received
prior to the Cut-off  Date),  and all  collections  in respect of the  Mortgage  Loans  received  after the Cut-off
Date,  other than  payments of principal  and interest  due and payable on or before the Cut-off  Date.  The Seller
will be entitled to all  scheduled  payments of principal  and interest on the Mortgage  Loans due on or before the
Cut-off Date,  including  payments of such collected after the Cut-off Date. Such principal and interest  belonging
to the Seller as described above will not be included in the aggregate  principal  balance of the Mortgage Loans as
of the Cut-off Date as set forth on the initial Mortgage Loan Schedule.

                  (ii)     In connection with the transfer and assignment of the Mortgage  Loans,  the Seller shall
deliver or cause to be  delivered  to the  Custodian  on behalf of the Trustee as assignee of the  Purchaser by the
Closing Date, the documents required to be included in each Mortgage File; provided,  however,  that in lieu of the
foregoing,  the Seller may deliver the following  documents,  under the  circumstances set forth below: (x) in lieu
of the original  Mortgage,  the assignment to the Trustee of such Mortgage,  or  intervening  assignments  thereof,
which have been  delivered,  are being  delivered or will,  upon receipt of recording  information  relating to the
Mortgage  required to be included  thereon,  be  delivered  to recording  offices for  recording  and have not been
returned to the Seller in time to permit  their  delivery as  specified  above,  the Seller may deliver a true copy
thereof with a certification by the Seller,  on the face of such copy,  substantially as follows:  "Certified to be
a true and correct copy of the original,  which has been  transmitted for recording";  (y) in lieu of the Mortgage,
the  assignment  to  the  Trustee  of  such  Mortgage,  or  intervening  assignments  thereof,  if  the  applicable
jurisdiction  retains the  originals of such  documents (as  evidenced by a  certification  from the Seller to such
effect)  the Seller  may  deliver  photocopies  of such  documents  containing  an  original  certification  by the

                                                        6

recording  office of the  jurisdiction  where such documents  were recorded;  and (z) in lieu of the Mortgage Notes
relating to the Mortgage  Loans,  each  identified in the list attached hereto as Exhibit 2, the Seller may deliver
lost note affidavits and indemnities of the Seller;  and provided  further,  however,  that in the case of Mortgage
Loans which have been prepaid in full after the Cut-off  Date and prior to the Closing  Date,  the Seller,  in lieu
of delivering the above  documents,  may deliver to the Trustee and the Custodian a certification  by the Seller or
the Servicer  servicing  such  Mortgage  Loan to such  effect.  The Seller shall  deliver such  original  documents
(including any original  documents as to which  certified  copies had previously  been delivered) or such certified
copies to the  Custodian  promptly  after they are  received.  The Seller shall cause the Mortgage and  intervening
assignments,  if any, to be recorded not later than 180 days after the Closing Date,  unless such assignment is not
required to be recorded under the terms set forth in Section 6(i).

                  SECTION 5.        Material Defects.

                  (i)      On or before the Closing  Date,  the Seller shall make the Mortgage  Files  available to
the  Purchaser  or its agent for  examination,  which  examination  may be at the offices of the  Custodian  or the
Seller.  The fact that the  Purchaser  or its agent has  conducted or has failed to conduct any partial or complete
examination  of  the  Mortgage  Files  shall  not  affect  the  Purchaser's  rights  to  demand  cure,  repurchase,
substitution or other relief as provided in this Agreement.

                  (ii)     If any document is missing,  has not been  executed,  is  unrelated,  determined  on the
basis of the Mortgagor name,  original  principal  balance and loan number, to the Mortgage Loans identified in the
Mortgage Loan Schedule (a "Material  Defect"),  the Purchaser or its assignee shall  promptly  notify the Seller in
writing of such Material  Defect.  The Seller shall  correct or cure any such  Material  Defect within 90 days from
the date of notice of the Material  Defect and if the Seller does not correct or cure such  Material  Defect within
such period and such defect  materially  and  adversely  affects the  interests of the Purchaser or its assignee in
the related  Mortgage  Loan,  the Seller will either (a)  substitute  for the related  Mortgage  Loan a  Substitute
Mortgage Loan,  which  substitution  shall be accomplished in the manner and subject to the conditions set forth in
this Section 5 or (b) purchase such Mortgage  Loan from the Purchaser or its assignee at the  Repurchase  Price for
such  Mortgage  Loan;  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  Internal  Revenue  Code,  any  such  cure,  repurchase  or
substitution  must occur within 90 days from the date such breach was  discovered;  provided,  further that if such
defect  relates solely to the inability of the Seller to deliver the original  Mortgage or intervening  assignments
thereof,  or a certified  copy,  because the  originals  of such  documents,  or a  certified  copy,  have not been
returned by the  applicable  recording  office,  the Seller shall not be required to purchase such Mortgage Loan if
the Seller  delivers such original  documents or certified  copy promptly upon receipt,  but in no event later than
360 days after the Closing Date. The foregoing  repurchase or substitution  obligation shall not apply in the event
that the Seller  cannot  deliver such original or copy of any document  submitted for recording to the  appropriate
recording  office in the  applicable  jurisdiction  because  such  document  has not been  returned by such office;
provided that the Seller shall instead  deliver a recording  receipt of such  recording  office or, if such receipt
is not available,  a certificate of the Seller or the applicable  Servicer confirming that such documents have been

                                                        7

accepted  for  recording,  and delivery to the Trustee or the  Custodian,  as assignee of the  Purchaser,  shall be
effected by the Seller within thirty days of its receipt of the original recorded document.

                  (iii)    With respect to each  Substitute  Mortgage Loan,  the Seller shall  promptly  deliver to
the  Custodian,  on behalf of the Trustee as assignee of the Purchaser,  the Mortgage  Note, the Mortgage,  and the
other  documents  required to be included in the related  Mortgage  File,  with the Mortgage  Note endorsed and the
Mortgage  assigned  as  required  by the  definition  of  Mortgage  File.  Payments  due with  respect  to any such
Substitute  Mortgage Loan in the month of  substitution  shall be retained by the Seller and not transferred to the
Purchaser.  For the month of  substitution,  collections on the Mortgage  Loans will include the scheduled  payment
due for such month on any Deleted Mortgage Loan for which the Seller has substituted a Substitute Mortgage Loan.

                  (iv)     The Seller  shall  amend the  Mortgage  Loan  Schedule  to  reflect  the  repurchase  or
transfer to the Seller of each Mortgage Loan that has become a Deleted  Mortgage Loan and the  substitution  of the
Substitute  Mortgage Loans and the Seller shall deliver the amended  Mortgage Loan Schedule to the Purchaser,  with
a copy to each of the Trustee and the Custodian.  Upon such  substitution,  each Substitute  Mortgage Loan shall be
subject  to the  terms of this  agreement  in all  respects,  and the  Seller  shall be  deemed to have made to the
Purchaser with respect to such Substitute  Mortgage Loan, as of the date of substitution,  the  representations and
warranties  set forth in Section 7.  Upon any such  substitution  and the payment to the Trustee as assignee of the
Purchaser of the Repurchase  Price or of any required  Substitution  Adjustment  Amount,  the Purchaser shall cause
the Custodian to release the Mortgage  File relating to such Deleted  Mortgage Loan to the Seller and the Purchaser
and its  assignees,  as  applicable,  shall  execute and deliver at the  Seller's  direction  such  instruments  of
transfer or assignment  prepared by the Seller,  in each case without  recourse,  as shall be necessary to transfer
to the Seller,  or its  designee,  any Defective  Mortgage Loan  substituted  for or  repurchased  pursuant to this
Section 5.

                  (v)      For any month in which the Seller  substitutes  one or more  Substitute  Mortgage  Loans
for one or more Deleted  Mortgage Loans,  the amount (if any) by which the aggregate  unpaid  principal  balance of
all such  Substitute  Mortgage Loans as of the date of  substitution  is less than the aggregate  unpaid  principal
balance of all such Deleted  Mortgage Loans after  application of the principal  portion of the scheduled  payments
due in the month of substitution (the  "Substitution  Adjustment  Amount") shall be paid to the Trustee as assignee
of the Purchaser by the Seller on or before the Remittance  Date in the month  succeeding the calendar month during
which the related Mortgage Loan is required to be purchased or replaced hereunder.

                  SECTION 6.        Recordation of Assignments of Mortgages.

                  (i)      The  Seller  shall,  promptly  after the  Closing  Date,  cause each  Mortgage  and each
assignment  of  Mortgage  from the Seller to the  Trustee,  and all  unrecorded  intervening  assignments,  if any,
delivered on or prior to the Closing Date, to be recorded in the recording offices in the  jurisdictions  where the
related  Mortgaged  Properties  are  located;  provided,  however,  the Seller  need not cause to be  recorded  any
assignment  which relates to a Mortgage Loan if (a) such  recordation is not required by the rating agencies rating
the  certificates  issued under the Pooling and  Servicing  Agreement or an Opinion of Counsel has been provided to

                                                        8

the  Purchaser,  the  Trustee,  and the  Custodian  which states that the  recordation  of such  assignment  is not
necessary to protect the interest of the  Purchaser  or its  assignee in the related  Mortgage  Loan or (b) MERS is
identified  on the  Mortgage  or a  properly  recorded  assignment  of the  Mortgage  as the  mortgagee  of record;
provided, however,  notwithstanding the delivery of any Opinion of Counsel, any assignment of Mortgage that has not
been  recorded  pursuant  to clause (a) shall be  submitted  for  recording  by the Seller in the manner  described
above, at the Seller's expense, upon 60 days' written notice to the Seller from the Purchaser or its assignee.

                  (ii)     While each such  Mortgage or  assignment is being  recorded,  if  necessary,  the Seller
shall leave or cause to be left with the Custodian a certified  copy of such Mortgage or  assignment.  In the event
that,  within 180 days of the Closing Date,  the Purchaser,  the Trustee,  and the Custodian have not been provided
an Opinion of Counsel as  described  in  subsection  (i) or received  evidence of  recording  with  respect to each
Mortgage  Loan  pursuant to the terms  hereof,  the failure to provide  evidence of  recording  or such  Opinion of
Counsel (in the alternative,  if required) shall be considered a Material  Defect,  and the provisions of Section 5
shall apply. All customary  recording fees and reasonable  expenses  relating to the recordation of the assignments
of mortgage to the Trustee or the Opinion of Counsel, as the case may be, shall be borne by the Seller.

                  SECTION 7.        Representations  and Warranties of Seller  Concerning the Mortgage  Loans.  The
Seller  hereby  represents  and warrants to the  Purchaser as of the Closing Date, or such other date prior thereto
as may be specified below, with respect to each Mortgage Loan:

                  (i)      the  information  set forth in the Mortgage Loan Schedule  hereto is true and correct in
all material  respects and all  information  provided by the Seller to the Purchaser  regarding the Mortgage Loans,
including the Mortgage Loan level detail, is true and correct in all material respects;

                  (ii)     immediately  prior to the transfer to the  Purchaser,  the Seller was the sole owner and
holder of each  Mortgage  and  Mortgage  Note  relating  to the  Mortgage  Loans and is  conveying  the same to the
Purchaser 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;

                  (iii)    each Mortgage  Loan at the time it was made  complied in all material  respects with all
applicable laws and regulations,  including,  without limitation,  usury, equal credit opportunity,  disclosure and
recording  laws and all applicable  anti-predatory,  abusive and fair lending laws; and each Mortgage Loan has been
serviced in all material  respects in accordance  with all  applicable  laws and  regulations,  including,  without
limitation,  usury, equal credit  opportunity,  disclosure and recording laws and all  anti-predatory,  abusive and
fair lending laws and the terms of the related Mortgage Note, the Mortgage and other loan documents;

                  (iv)     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

                                                        9

event of  acceleration;  no  foreclosure  action is threatened or has been  commenced  with respect to the Mortgage
Loan;

                  (v)      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 Purchaser or its assignees;

                  (vi)     no  selection  procedure  reasonably  believed  by  the  Seller  to be  adverse  to  the
interests of the Purchaser or its assignees was utilized in selecting the Mortgage Loans;

                  (vii)    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,  except as enforceability  may be limited by
bankruptcy, insolvency, liquidation,  receivership,  moratorium, reorganization or other similar laws affecting the
enforcement  of the rights of creditors and by general  principles of equity,  whether in a proceeding in equity or
at law;

                  (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 (xiii) below;

                  (ix)     as of the Cut-off Date, to the best of the 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)     except  to the  extent  insurance  is in  place  which  will  cover  such  damage,  each
Mortgaged  Property  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;

                                                        10

                  (xii)    to the best of the Seller's  knowledge,  the  Mortgaged  Property  and all  improvements
thereon comply with all requirements of any applicable zoning and subdivision laws and ordinances;

                  (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 the
Federal Home Loan Mortgage  Corporation,  was issued on the date that each Mortgage Loan was  originated by a title
insurance  company which, to the best of the 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.  The 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)    at the time of  origination,  each  Mortgaged  Property  was the subject of an appraisal
which conformed to the underwriting requirements of the originator of the Mortgage Loan;

                  (xv)     as of the  Closing  Date,  the  improvements  on  each  Mortgaged  Property  securing  a
Mortgage Loan are 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 Stated  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 unpaid  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;

                  (xvi)    each Mortgage Loan  constitutes a "qualified  mortgage" under Section  860G(a)(3)(A)  of
the Internal  Revenue  Code and Treasury  Regulation  Section  1.860G-2(a)(1),  (2),  (4),  (5),  (6), (7) and (9),
without reliance on the provisions of Treasury  Regulation  Section  1.860G-2(a)(3) or Treasury  Regulation Section
1.860G-2(f)(2)  or any other  provision  that would allow a Mortgage  Loan to be treated as a "qualified  mortgage"
notwithstanding  its failure to meet the  requirements of Section  860G(a)(3)(A)  of the Internal  Revenue Code and
Treasury Regulation Section 1.860G-2(a)(1), (2), (4), (5), (6), (7) and (9);

                  (xvii)   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  that is supervised and

                                                        11

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 in a manner such that the related  Mortgage  Loan would be regarded  for purposes of Section  3(a)(41) of
the  Securities and Exchange Act of 1934, as amended,  as having been  originated 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;

                  (xviii)  none of the  Mortgage  Loans are (a) loans  subject  to 12 CFR  Section  226.31,  12 CFR
Section 226.32 or 12 CFR Section  226.34,  as amended,  or (b) "high cost home,"  "covered"  (excluding  home loans
defined as  "covered  home  loans" in the New  Jersey  Home  Ownership  Security  Act of 2002 that were  originated
between  November 26, 2003 and July 7, 2004),  "high risk home" or "predatory"  loans under any  applicable  state,
federal or local law (or a similarly  classified loan using different  terminology under a law imposing  heightened
regulatory  scrutiny or additional  legal  liability for  residential  mortgage  loans having high interest  rates,
points and/or fees);

                  (xix)    no Mortgage  Loan (a) is a "high cost loan" or  "covered  loan" as  applicable  (as such
terms are  defined in the current  version of the S&P  LEVELS®  Glossary,  which is now  Version  5.7,  Appendix E,
attached  hereto as Exhibit 3, or, with respect to a  Substitute  Mortgage  Loan,  as such terms are defined in the
version of the S&P LEVELS®  Glossary in effect at the time such Mortgage Loan becomes a Substitute  Mortgage  Loan)
or (b) was  originated  on or after  October 1, 2002  through  March 6, 2003 and is governed  by the  Georgia  Fair
Lending Act;

                  (xx)     the  information  set forth in Annex I of the Prospectus  Supplement with respect to the
Mortgage Loans is true and correct in all material respects;

                  (xxi)    each  Mortgage  Loan was  originated  generally  in  accordance  with  the  underwriting
guidelines of the related originator;

                  (xxii)   each  original  Mortgage  has been  recorded or is in the  process of being  recorded in
accordance with the  requirements of this Agreement in the  jurisdiction  where the related  Mortgaged  Property is
located;

                  (xxiii)  the related  Mortgage File contains  each of the  documents  and  instruments  listed in
the definition  thereof,  subject to any  exceptions,  substitutions  and  qualifications  as are set forth in this
Agreement;

                  (xxiv) the Mortgage  Loans are currently  being  serviced in accordance  with accepted  servicing
practices; and

                  (xxv)    at the time of  origination,  each  Mortgaged  Property  was the subject of an appraisal
which  conformed to the  underwriting  requirements of the originator of the Mortgage Loan, and the appraisal is in
a form  which  was  acceptable  to  Fannie  Mae or the  Federal  Home  Loan  Mortgage  Corporation  at the  time of
origination.

                                                        12

                  It is understood and agreed that the  representations  and warranties set forth in this Section 7
will inure to the benefit of the Purchaser and its  successors  and assigns,  notwithstanding  any  restrictive  or
qualified  endorsement  on any Mortgage  Note or assignment of Mortgage or the  examination  of any Mortgage  File.
Upon any  substitution for a Mortgage Loan, the  representations  and warranties set forth above shall be deemed to
be made by the Seller as to any Substitute Mortgage Loan as of the date of substitution.

                  Upon  discovery by the Seller or upon notice to the Seller from the  Purchaser,  the Trustee or a
Servicer  of a breach  of the  Seller's  respective  representations  or  warranties  set  forth in  Section 7 that
materially  and adversely  affects the interests of the Purchaser or its assignees in any Mortgage Loan, the Seller
shall,  within 90 days from the  earlier of the date of  discovery  by the  Seller of such  breach and the date the
Seller receives  written notice of such breach,  (i) cure such breach in all material  respects,  (ii) purchase the
affected  Mortgage  Loan at the  applicable  Repurchase  Price or (iii) if within  two years of the  Closing  Date,
substitute a qualifying  Substitute  Mortgage  Loan in exchange for such  Mortgage  Loan.  The  obligations  of the
Seller to cure,  purchase or  substitute  a  qualifying  Substitute  Mortgage  Loan shall  constitute  the sole and
exclusive  remedies  of the  Purchaser  or its  assignees  respecting  a breach of  representations  or  warranties
hereunder  with  respect to the Mortgage  Loans.  A breach of the  representations  and  warranties  made in any of
clause  (xviii) or (xix)(b) of this Section 7 will be deemed to materially  and  adversely  affect the value of the
interests  of the  Purchaser  or its  assignees  in the related  Mortgage  Loan.  Any  repurchase  or  substitution
required pursuant to this Section 7 shall be carried out in accordance with the requirements of Section 5.

                  Any cause of action  against  the Seller  relating to or arising out of a breach by the Seller of
any  representations  and warranties made in this Section 7 shall accrue as to any Mortgage Loan upon (i) discovery
of such breach by the Seller or written  notice  thereof by the party  discovering  such breach and (ii) failure by
the Seller to cure such breach,  purchase such Mortgage  Loan or substitute a qualifying  Substitute  Mortgage Loan
pursuant to the terms hereof.

                  SECTION 8.        Representations  and Warranties  Concerning the Seller. As of the Closing Date,
the Seller represents and warrants to the Purchaser as follows:

                  (i)      The Seller is a national  banking  association duly organized and validly existing under
the laws of the United  States of America and is 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;

                  (ii)     The Seller  has the power and  authority  to make,  execute,  deliver  and  perform  its
obligations under this Agreement and all of the transactions  contemplated under this Agreement,  and has taken all
necessary corporate action to authorize the execution, delivery and performance of this Agreement;

                  (iii)    The Seller is not  required to obtain the consent of any other  Person or any  consents,
licenses,  approvals or  authorizations  from, or registrations or declarations  with, any governmental  authority,
bureau or agency in connection  with the  execution,  delivery,  performance,  validity or  enforceability  of this

                                                        13

Agreement, except for such consents,  licenses, approvals or authorizations,  or registrations or declarations,  as
shall have been obtained or filed, as the case may be;

                  (iv)     The  execution  and  delivery of this  Agreement by the Seller and its  performance  and
compliance  with the terms of this  Agreement  will not violate the Seller's  Articles of  Association or Bylaws or
constitute  a material  default (or an event  which,  with notice or lapse of time,  or both,  would  constitute  a
material  default)  under,  or  result in the  material  breach  of,  any  material  contract,  agreement  or other
instrument to which the Seller is a party or which is applicable to the Seller or any of its assets;

                  (v)      There are no actions,  suits,  proceedings or investigations before any court, tribunal,
administrative  agency,  arbitrator  or  governmental  body  pending  or,  to the best of the  Seller's  knowledge,
threatened,  against  the Seller,  that,  if decided  adversely,  would  materially  and  adversely  affect (A) the
condition  (financial  or  otherwise),  business  or  operations  of the  Seller,  (B) the ability of the Seller to
perform its obligations  under, or the validity or  enforceability  of, this Agreement or the Pooling and Servicing
Agreement or (C) the transactions contemplated by this Agreement;

                  (vi)     This  Agreement  constitutes  a legal,  valid  and  binding  obligation  of the  Seller,
enforceable  against  the  Seller  in  accordance  with its  terms,  except as  enforceability  may be  limited  by
applicable  bankruptcy,  insolvency,  reorganization,  moratorium  and other  laws  affecting  the  enforcement  of
creditors'  rights in general,  and by general  equity  principles,  regardless of whether such  enforceability  is
considered in a proceeding in equity or at law;

                  (vii)    This  Agreement  constitutes  a valid  transfer and  assignment  to the Purchaser of all
right,  title and  interest of the Seller in and to the  Mortgage  Loans and the other  Transferred  Property,  and
nothing has been done by the Seller to impair the rights of the Purchaser or its assignees with respect thereto;

                  (viii)   The  Seller is not in  default  with  respect to any order or decree of any court or any
order,  regulation or demand of any federal,  state,  or municipal  governmental  agency,  which default might have
consequences  that would  materially and adversely  affect the condition  (financial or otherwise) or operations of
the Seller or its properties or might have  consequences  that would  materially  adversely  affect its performance
hereunder; and

                  (ix)     The  information  in  the  Prospectus  Supplement  described  in the  Sections  entitled
"SUMMARY—Mortgage  Pool,"  "THE  MORTGAGE  POOL" and  "ANNEX  I—MORTGAGE  POOL DATA"  does not  include  any untrue
statement of a material fact or omit to state a material fact  necessary in order to make the  statements  made, in
light of the circumstances under which they were made, not misleading.

                  SECTION 9.        Representations  and Warranties  Concerning  the  Purchaser.  As of the Closing
Date, the Purchaser represents and warrants to the Seller as follows:

                                                        14

                  (i)      The Purchaser (i) is a limited  liability  company duly organized,  validly existing and
in good  standing  under the laws of the State of  Delaware  and (ii) is  qualified  and in good  standing  in each
jurisdiction  where such  qualification  is necessary,  except where the failure so to qualify would not reasonably
be  expected  to have a material  adverse  effect on the  Purchaser's  business as  presently  conducted  or on the
Purchaser's ability to enter into this Agreement and to consummate the transactions contemplated hereby;

                  (ii)     The Purchaser  has full  corporate  power to own its property,  to carry on its business
as presently conducted and to enter into and perform its obligations under this Agreement;

                  (iii)    The  execution  and  delivery  by  the  Purchaser  of  this  Agreement  have  been  duly
authorized by all necessary  corporate action on the part of the Purchaser;  and neither the execution and delivery
by  the  Purchaser  of  this  Agreement,  nor  the  consummation  by  the  Purchaser  of  the  transactions  herein
contemplated,  nor  compliance  by the  Purchaser  with the  provisions  hereof,  will conflict with or result in a
breach of, or  constitute  a default  under,  any of the  provisions  of any law,  governmental  rule,  regulation,
judgment,  decree or order binding on the Purchaser or its  properties or the  certificate  of formation or limited
liability  company  agreement  of the  Purchaser,  except  those  conflicts,  breaches or defaults  which would not
reasonably be expected to have a material  adverse effect on the  Purchaser's  ability to enter into this Agreement
and to consummate the transactions contemplated hereby;

                  (iv)     The  execution,  delivery and  performance  by the  Purchaser of this  Agreement and the
consummation by the Purchaser of the  transactions  contemplated  hereby do not require the consent or approval of,
the  giving of notice to,  the  registration  with,  or the  taking of any other  action in respect  of, any state,
federal or other governmental  authority or agency,  except those consents,  approvals,  notices,  registrations or
other actions as have already been obtained, given or made;

                  (v)      This Agreement has been duly executed and delivered by the Purchaser  and,  assuming due
authorization,  execution and delivery by the Seller,  constitutes a valid and binding  obligation of the Purchaser
enforceable  against  it in  accordance  with its terms,  except as  enforceability  may be  limited by  applicable
bankruptcy,  insolvency,  reorganization,  moratorium and other laws affecting the enforcement of creditors' rights
in general,  and by general  equity  principles,  regardless  of whether such  enforceability  is  considered  in a
proceeding in equity or at law; and

                  (vi)     there  are no  actions,  suits  or  proceedings  pending  or,  to the  knowledge  of the
Purchaser,  threatened,  against  the  Purchaser,  before or by any court,  administrative  agency,  arbitrator  or
governmental  body (i) with respect to any of the transactions  contemplated by this Agreement or (ii) with respect
to any other matter which in the judgment of the Purchaser  will be determined  adversely to the Purchaser and will
if determined  adversely to the Purchaser  materially and adversely  affect the Purchaser's  ability to perform its
obligations  under this  Agreement;  and the  Purchaser  is not in default  with respect to any order of any court,
administrative  agency,  arbitrator or governmental  body so as to materially and adversely affect the transactions
contemplated                                                 by                                                this
Agreement.

                                                        15

                  SECTION 10.       Conditions to Closing.

                  (1)      The  obligations  of  the  Purchaser  under  this  Agreement  will  be  subject  to  the
satisfaction, on or prior to the Closing Date, of the following conditions:

                           (a)      Each of the  obligations of the Seller  required to be performed at or prior to
the Closing Date pursuant to the terms of this  Agreement  shall have been duly  performed and complied with in all
material respects;  all of the  representations and warranties of the Seller under this Agreement shall be true and
correct as of the dates  specified in all material  respects;  no event shall have occurred  which,  with notice or
the passage of time,  would  constitute a default under this  Agreement;  and the  Purchaser  shall have received a
certificate to that effect signed by an authorized officer of the Seller.

                           (b)      The Purchaser shall have received all of the following  closing  documents,  in
such forms as are agreed upon and reasonably  acceptable to the Purchaser,  duly executed by all signatories  other
than the Purchaser as required pursuant to the respective terms thereof:

                                    (i)     A  certificate  of an  officer of the  Seller  dated as of the  Closing
Date,  in a form  reasonably  acceptable  to the  Purchaser,  and  attached  thereto  copies  of  the  articles  of
association  and  by-laws of the Seller and  evidence as to the good  standing  of the Seller  dated as of a recent
date; and

                                    (ii)    One or more  opinions of counsel from the Seller's  counsel in form and
substance reasonably satisfactory to the Purchaser.

                           (c)      The  certificates  to be issued under the Pooling and  Servicing  Agreement and
sold to Wachovia Capital Markets, LLC shall have been issued and sold to Wachovia Capital Markets, LLC.

                           (d)      The Seller shall have  furnished to the Purchaser  such other  certificates  of
its officers or others and such other  documents and opinions of counsel to evidence  fulfillment of the conditions
set  forth in this  Agreement  and the  transactions  contemplated  hereby as the  Purchaser  and its  counsel  may
reasonably request.

                  (2)      The   obligations  of  the  Seller  under  this  Agreement   shall  be  subject  to  the
satisfaction, on or prior to the Closing Date, of the following conditions:

                           (a)      The obligations of the Purchaser  required to be performed by it on or prior to
the Closing Date pursuant to the terms of this  Agreement  shall have been duly  performed and complied with in all
material  respects,  and all of the  representations  and warranties of the Purchaser under this Agreement shall be
true and correct in all  material  respects as of the date  hereof,  and no event shall have  occurred  which would
constitute a breach by it of the terms of this  Agreement,  and the Seller  shall have  received a  certificate  to
that effect signed by an authorized officer of the Purchaser.

                                                        16

                           (b)      The  Seller  shall  have  received  copies  of  all of  the  following  closing
documents,  in such  forms as are agreed  upon and  reasonably  acceptable  to the  Seller,  duly  executed  by all
signatories other than the Seller as required pursuant to the respective terms thereof:

                                    (i)     A certificate  of an officer of the  Purchaser  dated as of the Closing
Date, in a form reasonably  acceptable to the Seller,  and attached  thereto copies of the Purchaser's  certificate
of formation and limited liability company  agreement,  and evidence as to the good standing of the Purchaser dated
as of a recent date; and

                                    (ii)         One or more  opinions of counsel from the  Purchaser's  counsel in
         form and substance reasonably satisfactory to the Seller.

                  SECTION 11.       Notices. All demands,  notices and communications hereunder shall be in writing
but may be delivered by facsimile transmission  subsequently  confirmed in writing.  Notices to the Seller shall be
directed to Wachovia Bank, National  Association,  301 South College Street,  Charlotte,  North Carolina 28288, and
notices to the  Purchaser  shall be directed to  Wachovia  Mortgage  Loan Trust,  LLC,  301 South  College  Street,
NC5578-Suite  G,  Charlotte,  NC 28288-5578;  or to any other address as may hereafter be furnished by one party to
the other party by like notice.  Any such demand,  notice or  communication  hereunder shall be deemed to have been
received on the date  received  at the  premises of the  addressee  (as  evidenced,  in the case of  registered  or
certified  mail,  by the date noted on the return  receipt)  provided  that it is received on a business day during
normal business hours and, if received after normal  business hours,  then it shall be deemed to be received on the
next business day.

                  SECTION 12.       Assignment  by  Purchaser.  As an  inducement  to the Purchaser to purchase the
Mortgage  Loans,  the Seller  acknowledges  and  consents  to the  Purchaser's  transfer  of its  interest  in this
Agreement to the Trustee  pursuant to the Pooling and  Servicing  Agreement and the  enforcement  by the Trustee of
any right or remedy against the Seller  pursuant to this  Agreement.  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.  Notwithstanding  the foregoing,  the sole and exclusive  right and remedy of the Trustee with
respect to a breach of a  representation  or warranty  of the Seller  shall be the cure,  purchase or  substitution
obligations of the Seller contained in Sections 5 and 7 hereof.

                  SECTION 13.       Representations,   Warranties   and   Agreements  to  Survive   Delivery.   All
representations,  warranties and agreements  contained in this Agreement,  or contained in certificates of officers
of the Seller  submitted  pursuant  hereto,  shall remain  operative and in full force and effect and shall survive
the sale of the Mortgage  Loans to the  Purchaser  and the transfer of the Mortgage  Loans by the  Purchaser to the
Trustee.

                  SECTION 14.       Severability.  If any  provision  of this  Agreement  shall  be  prohibited  or
invalid under  applicable law, this Agreement shall be ineffective  only to such extent,  without  invalidating the
remainder of this Agreement.

                                                        17

                  SECTION 15.       Counterparts.  This  Agreement may be executed in  counterparts,  each of which
will be an original, but which together shall constitute one and the same agreement.

                  SECTION 16.       Amendment.  This Agreement  cannot be amended or modified in any manner without
the prior written consent of each party.

                  SECTION 17.       GOVERNING LAW. THIS AGREEMENT  SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE
WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT  APPLICATION OF THE CONFLICTS OF LAWS PROVISIONS  THEREOF,  AND THE
OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.

                  SECTION 18.       Further  Assurances.  Each of the parties  agrees to execute  and deliver  such
instruments  and take such  actions  as  another  party  may,  from time to time,  reasonably  request  in order to
effectuate the purpose and to carry out the terms of this Agreement.

                  SECTION 19.       Successors and Assigns.  This Agreement  shall bind and inure to the benefit of
and be  enforceable  by the Seller  and the  Purchaser  and their  permitted  successors  and  assigns.  The Seller
acknowledges  and agrees that the Purchaser  may assign its rights under this  Agreement to the Trustee as provided
in Section  12. Any person  into which the  Seller may be merged or  consolidated,  any person  resulting  from any
merger or  consolidation  involving  the Seller,  any person  resulting  from a change in form of the Seller or any
person  succeeding to the business of the Seller,  shall be considered the "successor" of the Seller  hereunder and
shall be  considered a party hereto  without the  execution or filing of any paper or any further act or consent on
the part of any party hereto.  Except as provided in this Section and in Section 12 hereto,  this Agreement  cannot
be assigned by either party hereto without the written consent of the other parties to this Agreement.

                  SECTION 20.       Maintain Rights in Effect.  The Seller and the Purchaser will each keep in full
effect all rights  with  respect  to itself as are  necessary  to perform  its  respective  obligations  under this
Agreement.

                  SECTION 21.       Entire   Agreement.   This   Agreement   contains  the  entire   agreement  and
understanding  between  the parties  with  respect to the  subject  matter  hereof,  and  supersedes  all prior and
contemporaneous  agreements,  understandings,  inducements and conditions,  express or implied, oral or written, of
any nature whatsoever with respect to the subject matter hereof.

                  SECTION 22.       No  Partnership.  Nothing  herein  contained  shall be deemed or  construed  to
create a partnership or joint venture between the parties hereto.

                                    [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                                                        18

         IN WITNESS  WHEREOF,  the parties  hereto have caused their names to be signed hereto by their  respective
duly authorized officers as of the date first above written.

                                                              WACHOVIA MORTGAGE LOAN TRUST, LLC

                                                              By:    /s/ Robert J. Perret          
                                                              Name:  Robert J. Perret
                                                              Title: Vice President

                                                              WACHOVIA BANK, NATIONAL ASSOCIATION

                                                              By:    /s/ Robert J. Perret          
                                                              Name:  Robert J. Perret
                                                              Title: Vice President

                                                     EXHIBIT 1

                                         MORTGAGE LOAN SCHEDULE INFORMATION

         The Mortgage Loan Schedule shall set forth the following information with respect to each Mortgage Loan:

(a)      the city, state and zip code of the Mortgaged Property;

(b)      the property type;

(c)      the Mortgage Interest Rate;

(d)      the servicing fee rate;

(e)      the net mortgage interest rate;

(f)      the original term;

(g)      the maturity date;

(h)      the stated remaining term to maturity;

(i)      the original principal balance;

(j)      the first payment date;

(k)      the principal and interest payment in effect as of the Cut-off Date;

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

(m)      the loan-to-value ratio at origination;

(n)      the paid-through date;

(o)      the insurer of any primary mortgage insurance policy;

(p)      the gross margin;

(q)      the maximum Mortgage Interest Rate;

(r)      the minimum Mortgage Interest Rate;

(s)      the periodic rate cap;

(t)      the number of days delinquent, if any; and

(u)      the term for which the Mortgage Interest Rate is fixed.

Such schedule also shall set forth for all of the Mortgage  Loans,  the total number of Mortgage  Loans,  the total
of each of the amounts  described  under (i) and (l) above,  the weighted  average by  principal  balance as of the
Cut-off Date of each of the rates described under (c), (d) and (e) above, and the weighted  average  remaining term
to maturity by unpaid principal balance as of the Cut-off Date.

                                                        Ex. 1-2

                                                     EXHIBIT 2

                                               SCHEDULE OF LOST NOTES

                                                     EXHIBIT 3

                                                                                REVISED October 20, 2006

APPENDIX  E - Standard & Poor's Predatory Lending Categories

Standard & Poor's has categorized loans governed by anti-predatory  lending laws in the Jurisdictions  listed below
into three  categories  based upon a combination of factors that include (a) the risk exposure  associated with the
assignee  liability and (b) the tests and  thresholds set forth in those laws.  Note that certain loans  classified
by the  relevant  statute as Covered  are  included  in  Standard & Poor's  High Cost Loan  Category  because  they
included thresholds and tests that are typical of what is generally considered High Cost by the industry.

Standard & Poor's High Cost Loan Categorization

_____________________________________________________________________________________________________________________
       State/Jurisdiction           Name of Anti-Predatory Lending Law/Effective       Category under Applicable
                                                         Date                          Anti-Predatory Lending Law
_____________________________________________________________________________________________________________________

_____________________________________________________________________________________________________________________

Arkansas                           Arkansas Home Loan Protection Act, Ark. Code      High Cost Home Loan
                                   Ann. §§ 23-53-101 et seq.

                                   Effective July 16, 2003
_____________________________________________________________________________________________________________________

Cleveland Heights, OH              Ordinance No. 72-2003 (PSH), Mun. Code §§         Covered Loan
                                   757.01 et seq.

                                   Effective June 2, 2003
_____________________________________________________________________________________________________________________

Colorado                           Consumer Equity Protection, Colo. Stat. Ann. §§   Covered Loan
                                   5-3.5-101 et seq.

                                   Effective for covered loans offered or entered
                                   into on or after January 1, 2003. Other
                                   provisions of the Act took effect on June 7,
                                   2002
_____________________________________________________________________________________________________________________

Connecticut                        Connecticut Abusive Home Loan Lending Practices   High Cost Home Loan
                                   Act, Conn. Gen. Stat. §§ 36a-746 et seq.

                                   Effective October 1, 2001
_____________________________________________________________________________________________________________________

District of Columbia               Home Loan Protection Act, D.C. Code §§            Covered Loan
                                   26-1151.01 et seq.

                                   Effective for loans closed on or after January
                                   28, 2003
_____________________________________________________________________________________________________________________

_____________________________________________________________________________________________________________________

Florida                            Fair Lending Act, Fla. Stat. Ann. §§ 494.0078     High Cost Home Loan
                                   et seq.

                                   Effective October 2, 2002
_____________________________________________________________________________________________________________________

Georgia (Oct. 1, 2002 - Mar. 6,    Georgia Fair Lending Act, Ga. Code Ann. §§        High Cost Home Loan
2003)                              7-6A-1 et seq.

                                   Effective October 1, 2002 - March 6, 2003
_____________________________________________________________________________________________________________________

Georgia as amended (Mar. 7, 2003   Georgia Fair Lending Act, Ga. Code Ann. §§        High Cost Home Loan
- current)                         7-6A-1 et seq.

                                   Effective for loans closed on or after March 7,
                                   2003
_____________________________________________________________________________________________________________________

HOEPA Section 32                   Home Ownership and Equity Protection Act of       High Cost Loan
                                   1994, 15 U.S.C. § 1639, 12 C.F.R. §§ 226.32 and
                                   226.34

                                   Effective October 1, 1995, amendments October
                                   1, 2002
_____________________________________________________________________________________________________________________

Illinois                           High Risk Home Loan Act, Ill. Comp. Stat. tit.    High Risk Home Loan
                                   815, §§ 137/5 et seq.

                                   Effective January 1, 2004 (prior to this date,
                                   regulations under Residential Mortgage License
                                   Act effective from May 14, 2001)
_____________________________________________________________________________________________________________________
                                   Indiana Home Loan Practices Act, Ind. Code Ann.
Indiana                            §§ 24-9-1-1 et seq.                               High Cost Home Loans

                                   Effective January 1, 2005; amended by 2005 HB
                                   1179, effective July 1, 2005
_____________________________________________________________________________________________________________________

Kansas                             Consumer Credit Code, Kan. Stat. Ann. §§          High Loan to Value Consumer
                                   16a-1-101 et seq.                                 Loan (id. § 16a-3-207) and;

                                   Sections 16a-1-301 and 16a-3-207 became
                                   effective April 14, 1999; Section 16a-3-308a
                                   became effective July 1, 1999
_____________________________________________________________________________________________________________________

                                                                                     High APR Consumer Loan (id. §
                                                                                     16a-3-308a)
_____________________________________________________________________________________________________________________

Kentucky                           2003 KY H.B. 287 - High Cost Home Loan Act, Ky.   High Cost Home Loan
                                   Rev. Stat. §§ 360.100 et seq.

                                   Effective June 24, 2003
_____________________________________________________________________________________________________________________

_____________________________________________________________________________________________________________________

Maine                              Truth in Lending, Me. Rev. Stat. tit. 9-A, §§     High Rate High Fee Mortgage
                                   8-101 et seq.

                                   Effective September 29, 1995 and as amended
                                   from time to time
_____________________________________________________________________________________________________________________

Massachusetts                      Part 40 and Part 32, 209 C.M.R. §§ 32.00 et       High Cost Home Loan
                                   seq. and 209 C.M.R. §§ 40.01 et seq.

                                   Effective March 22, 2001 and amended from time
                                   to time
_____________________________________________________________________________________________________________________

Nevada                             Assembly Bill No. 284, Nev. Rev. Stat. §§         Home Loan
                                   598D.010 et seq.

                                   Effective October 1, 2003
_____________________________________________________________________________________________________________________

New Jersey                         New Jersey Home Ownership Security Act of 2002,   High Cost Home Loan
                                   N.J. Rev. Stat. §§ 46:10B-22 et seq.

                                   Effective for loans closed on or after November
                                   27, 2003
_____________________________________________________________________________________________________________________

New Mexico                         Home Loan Protection Act, N.M. Rev. Stat. §§      High Cost Home Loan
                                   58-21A-1 et seq.

                                   Effective as of January 1, 2004; Revised as of
                                   February 26, 2004
_____________________________________________________________________________________________________________________

New York                           N.Y. Banking Law Article 6-l                      High Cost Home Loan

                                   Effective for applications made on or after
                                   April 1, 2003
_____________________________________________________________________________________________________________________

North Carolina                     Restrictions and Limitations on High Cost Home    High Cost Home Loan
                                   Loans, N.C. Gen. Stat. §§ 24-1.1E et seq.

                                   Effective July 1, 2000; amended October 1, 2003
                                   (adding open-end lines of credit)
_____________________________________________________________________________________________________________________

_____________________________________________________________________________________________________________________

Ohio                               H.B. 386 (codified in various sections of the     Covered Loan
                                   Ohio Code), Ohio Rev. Code Ann. §§ 1349.25 et
                                   seq.

                                   Effective May 24, 2002
_____________________________________________________________________________________________________________________

Rhode Island                       Rhode Island Home Loan Protection Act, R.I.       High Cost Home Loan
                                   Gen. Laws §§ 34-25.2-1 et seq.  Effective
                                   December 31, 2006
_____________________________________________________________________________________________________________________

Oklahoma                           Consumer Credit Code (codified in various         Subsection 10 Mortgage
                                   sections of Title 14A)

                                   Effective July 1, 2000; amended effective
                                   January 1, 2004
_____________________________________________________________________________________________________________________

South Carolina                     South Carolina High Cost and Consumer Home        High Cost Home Loan
                                   Loans Act, S.C. Code Ann. §§ 37-23-10 et seq.

                                   Effective for loans taken on or after January
                                   1, 2004
_____________________________________________________________________________________________________________________

Tennessee                          Tennessee Home Loan Protection Act, Tenn. Code    High Cost Home Loan
                                   Ann. §§ 45-20-101 et seq.  Effective January 1,
                                   2007
_____________________________________________________________________________________________________________________

West Virginia                      West Virginia Residential Mortgage Lender,        West Virginia Mortgage Loan
                                   Broker and Servicer Act, W. Va. Code Ann. §§      Act Loan
                                   31-17-1 et seq.

                                   Effective June 5, 2002
_____________________________________________________________________________________________________________________

Standard & Poor's Covered Loan Categorization

_____________________________________________________________________________________________________________________
       State/Jurisdiction           Name of Anti-Predatory Lending Law/Effective       Category under Applicable
                                                         Date                          Anti-Predatory Lending Law
_____________________________________________________________________________________________________________________

Georgia (Oct. 1, 2002 - Mar. 6,    Georgia Fair Lending Act, Ga. Code Ann. §§        Covered Loan
2003)                              7-6A-1 et seq.

                                   Effective October 1, 2002 - March 6, 2003
_____________________________________________________________________________________________________________________

_____________________________________________________________________________________________________________________

New Jersey                         New Jersey Home Ownership Security Act of 2002,   Covered Home Loan
                                   N.J. Rev. Stat. §§ 46:10B-22 et seq.

                                   Effective November 27, 2003 - July 5, 2004
_____________________________________________________________________________________________________________________

Standard & Poor's Home Loan Categorization

_____________________________________________________________________________________________________________________
       State/Jurisdiction           Name of Anti-Predatory Lending Law/Effective       Category under Applicable
                                                         Date                          Anti-Predatory Lending Law
_____________________________________________________________________________________________________________________

Georgia (Oct. 1, 2002 - Mar. 6,    Georgia Fair Lending Act, Ga. Code Ann. §§        Home Loan
2003)                              7-6A-1 et seq.

                                   Effective October 1, 2002 - March 6, 2003
_____________________________________________________________________________________________________________________

New Jersey                         New Jersey Home Ownership Security Act of 2002,   Home Loan
                                   N.J. Rev. Stat. §§ 46:10B-22 et seq.

                                   Effective for loans closed on or after November
                                   27, 2003
_____________________________________________________________________________________________________________________

New Mexico                         Home Loan Protection Act, N.M. Rev. Stat. §§      Home Loan
                                   58-21A-1 et seq.

                                   Effective as of January 1, 2004; Revised as of
                                   February 26, 2004
_____________________________________________________________________________________________________________________

North Carolina                     Restrictions and Limitations on High Cost Home    Consumer Home Loan
                                   Loans, N.C. Gen. Stat. §§ 24-1.1E et seq.

                                   Effective July 1, 2000; amended October 1, 2003
                                   (adding open-end lines of credit)
_____________________________________________________________________________________________________________________

South Carolina                     South Carolina High Cost and Consumer Home        Consumer Home Loan
                                   Loans Act, S.C. Code Ann. §§ 37-23-10 et seq.

                                   Effective for loans taken on or after January
                                   1, 2004
_____________________________________________________________________________________________________________________

                                                    SCHEDULE A

                                              MORTGAGE LOAN SCHEDULE

WMLT 2007-A

Number of Mortgage Loans                    521
Total Original Principal Balance      $295,930,711.00
Total Principal Balance               $292,751,718.73

Mortgage Interest Rate                     6.301%
Servicing Fee Rate                         0.308%
Net Mortgage Interest Rate                 5.981%

Wachovia  Capital  Markets,  LLC has  provided  this data  as an  accommodation.  By  accepting this data,
the recipient  agrees that Wachovia Capital  Markets,  LLC does not guarantee and makes no  representation
or warranty  whatsoever,  whether  express or implied,  including  without  limitation,  any warranties of
fitness for a particular purpose or merchantability,  with respect to this data or the accuracy,  currency
or  completeness  thereof.  By accepting this data,  the recipient  agrees that neither  Wachovia  Capital
Markets,  LLC, its  employees nor any of its  affiliates  shall have any liability to the recipient or any
other entity claiming by or through the recipient for any loss,  injury,  damages or expenses arising from
or  occasioned  by or through this data,  the reliance  thereon by the recipient or any other party or the
provision thereof by Wachovia Capital Markets, LLC.

This data is for your  information  only and is not an offer to sell or a solicitation of any offer to buy
any  securities,  including any of the  securities  that may be mentioned in this data.  Wachovia  Capital
Markets,  LLC or its  affiliates  may  provide  advice  or may  from  time to time  acquire,  hold or sell
positions in any of the securities  that may be mentioned in this data,  either for its own account of for
the account of others.  Wachovia  Capital  Markets,  LLC is a subsidiary of Wachovia  Corporation and is a
member of the NYSE, the NASD and the SIPC.

Loan Number           Seller Loan Number            Property City                      Property State        Property Zip
0080014102            0034184739                    Charlotte                          NC                    28277
0080014285            0033611104                    ATLANTA                            GA                    30342
0080014896            0003990592                    SAN JOSE                           CA                    95129
0080014915            0004243573                    ESCONDIDO                          CA                    92027
0080014921            0004260729                    NORTHVILLE                         MI                    48167
0080014928            0004273517                    STONE MOUNTAIN                     GA                    30083
0080014937            0004277681                    OLNEY                              MD                    20832
0080014993            0004306697                    WASHINGTON                         DC                    20009
0080015005            0004312663                    LEESBURG                           VA                    20176
0080015013            0004313767                    SAN DIEGO                          CA                    92101
0080015014            0004313796                    FREMONT                            CA                    94536
0080015027            0004318681                    SUNNYVALE                          CA                    94087
0080015034            0004320475                    BOULDER CREEK                      CA                    95006
0080015038            0004321193                    SANTA ANA                          CA                    92705
0080015044            0004321519                    FOUNTAIN VALLEY                    CA                    92708
0080015050            0004324338                    FREMONT                            CA                    94539
0080015051            0004325521                    DISCOVERY BAY                      CA                    94514
0080015061            0004328776                    FREMONT                            CA                    94539
0080015070            0004331098                    FOSTER CITY                        CA                    94404
0080015073            0004331394                    FREMONT                            CA                    94536
0080015078            0004333356                    SAN JOSE                           CA                    95136
0080015170            0004216837                    WASHINGTON                         DC                    20001
0080015213            0004264435                    LAHAINA                            HI                    96761
0080018067            0004461271                    WADSWORTH                          OH                    44281
0080018070            0004495747                    RESTON                             VA                    20194
0080018078            0004532943                    FREDERICK                          MD                    21703
0080018101            0004558084                    ORLANDO                            FL                    32839
0080018143            0004584340                    LEESBURG                           VA                    20176
0080018149            0004586203                    POMONA                             CA                    91767
0080018153            0004587051                    FREMONT                            CA                    94536
0080018169            0003360076                    ALEXANDRIA                         VA                    22312
0080018170            0003730812                    BRENTWOOD                          CA                    94513
0080018171            0003813521                    BETHESDA                           MD                    20814
0080018173            0004168679                    EUGENE                             OR                    97403
0080018174            0004210919                    CAMPBELL                           CA                    95008
0080018175            0004430166                    SMYRNA                             GA                    30082
0080018177            0004478033                    WOLFEBORO                          NH                    03894
0080018178            0004495733                    WASHINGTON                         DC                    20009
0080018179            0004517078                    CLARKSBURG                         MD                    20871
0080018181            0004529649                    INDIO                              CA                    92203
0080018182            0004532768                    CHICAGO                            IL                    60622
0080018183            0004537239                    CHICAGO                            IL                    60607
0080018184            0004537351                    ALEXANDRIA                         VA                    22302
0080018186            0004547771                    ROCKVILLE                          MD                    20850
0080018187            0004548570                    SCOTTSDALE                         AZ                    85255
0080018188            0004551694                    HERNDON                            VA                    20170
0080018189            0004556088                    HILTON HEAD ISLAND                 SC                    29928
0080018190            0004558879                    BRIGHTON                           MI                    48116
0080018192            0004560544                    DIMONDALE                          MI                    48821
0080018194            0004562284                    WASHINGTON                         DC                    20009
0080018196            0004562966                    MILILANI                           HI                    96789
0080018197            0004564235                    ASHBURN                            VA                    20148
0080018198            0004564502                    NORTH LOGAN                        UT                    84341
0080018199            0004566359                    VIENNA                             VA                    22182
0080018200            0004568118                    LIVERMORE                          CA                    94550
0080018201            0004568209                    MILILANI                           HI                    96789
0080018205            0004570131                    ATLANTA                            GA                    30305
0080018206            0004570586                    WASHINGTON                         DC                    20016
0080018207            0004570786                    ARLINGTON                          VA                    22206
0080018208            0004570940                    SOUTH SAN FRANCISCO                CA                    94080
0080018209            0004571784                    CUMMING                            GA                    30041
0080018211            0004571929                    LAUREL                             MD                    20723
0080018214            0004575003                    ASHBURN                            VA                    20147
0080018215            0004575506                    CORONA                             CA                    92880
0080018217            0004576589                    SAN JOSE                           CA                    95122
0080018218            0004576827                    GOODISON                           MI                    48306
0080018220            0004579673                    SMITHFIELD                         RI                    02828
0080018222            0004583639                    SPRINGFIELD                        VA                    22152
0080018224            0004589326                    SAN JOSE                           CA                    95136
0080018225            0004593766                    CARY                               NC                    27511
0080018655            0132529363                    DALLAS                             TX                    75214
0080018826            0144204807                    MILFORD                            NJ                    08848
0080018953            0148600687                    WASHINGTON                         DC                    20001
0080022205            0037371499                    ARLINGTON                          VA                    22201
0080022207            0057432429                    JERSEY CITY                        NJ                    07305
0080022208            0058777145                    NAVARRE                            FL                    32566
0080022210            0059138263                    NAVARRE                            FL                    32566
0080022212            0060338308                    CORNELIUS                          NC                    28031
0080022213            0061765947                    NORTH MYRTLE BEACH                 SC                    29582
0080022214            0061774915                    ELK GROVE                          CA                    95757
0080022215            0064264898                    WOODSTOCK                          MD                    21163
0080022217            0064530587                    FORT WALTON BEACH                  FL                    32548
0080022218            0064644008                    WEST NEW YORK                      NJ                    07093
0080022220            0064971476                    WESTPORT                           CT                    06880
0080022222            0065026676                    REDWOOD CITY                       CA                    94062
0080022225            0065313751                    BALTIMORE                          MD                    21212
0080022226            0065502239                    PIERZ                              MN                    56364
0080022227            0065572539                    GREENACRES                         FL                    33467
0080022228            0065667222                    WEST NEW YORK                      NJ                    07093
0080022231            0065817538                    BELLEVUE                           WA                    98004
0080022232            0065836777                    LAKE ELMO                          MN                    55042
0080022236            0066031055                    MARCO ISLAND                       FL                    34145
0080022241            0066156381                    NEW YORK                           NY                    10069
0080022244            0066417619                    MIRAMAR BEACH                      FL                    32550
0080022245            0066558107                    MANASSAS                           VA                    20110
0080022249            0067231001                    ASPEN                              CO                    81611
0080022252            0149691578                    MIAMI                              FL                    33140
0080022253            0150951119                    SAN JOSE                           CA                    95127
0080022255            0151302197                    HILTON HEAD ISLAND                 SC                    29926
0080022256            0151361839                    HOLLY SPRINGS                      NC                    27540
0080022258            0151644465                    TAMPA                              FL                    33647
0080022259            0151678885                    GLENVIEW                           IL                    60025
0080022260            0151741501                    ALEXANDRIA                         VA                    22304
0080022261            0151901725                    SANTA BARBARA                      CA                    93105
0080022262            0151952504                    YARDLEY                            PA                    19067
0080022268            0152440277                    PRINCEVILLE                        HI                    96722
0080022270            0152527685                    NORWOOD                            MA                    02062
0080022274            0152764197                    SANDWICH                           MA                    02563
0080022275            0152769667                    HAYWARD                            CA                    94541
0080022276            0152772596                    SAMMAMISH                          WA                    98075
0080022277            0152787982                    TRACY                              CA                    95377
0080022278            0152832309                    JUPITER                            FL                    33477
0080022283            0152911723                    PANAMA CITY                        FL                    32413
0080022285            0153092978                    ATLANTA                            GA                    30318
0080022289            0153299011                    FORT MYERS                         FL                    33913
0080022290            0153357785                    ANAHEIM                            CA                    92801
0080022294            0153595277                    FELTON                             CA                    95018
0080022295            0153697776                    LAKE OSWEGO                        OR                    97034
0080022297            0153744495                    STEPHENS CITY                      VA                    22655
0080022298            0153885363                    AVALON                             NJ                    08202
0080022299            0154172266                    PEBBLE BEACH                       CA                    93953
0080022300            0144837226                    BRENTWOOD                          TN                    37027
0080022301            0144883667                    OAKLAND                            CA                    94605
0080022302            0144886165                    CAMPBELL                           CA                    95008
0080022303            0145419008                    SAN RAFAEL                         CA                    94901
0080022313            0144871324                    SAN JOSE                           CA                    95124
0080022314            0144872892                    OAKLAND                            CA                    94618
0080022315            0144873940                    SAN JOSE                           CA                    95136
0080022318            0145199394                    CENTRAL POINT                      OR                    97502
0080022321            0145370169                    SAN DIEGO                          CA                    92120
0080022325            0145440673                    PEACHTREE CITY                     GA                    30269
0080022327            0145452140                    FAYETTEVILLE                       GA                    30215
0080022329            0203064043                    ROUND HILL                         VA                    20141
0080022333            0203690417                    STAFFORD                           VA                    22554
0080022339            0203820360                    BIRMINGHAM                         AL                    35209
0080022343            0203875687                    ALEXANDRIA                         VA                    22306
0080022344            0203897657                    DESTIN                             FL                    32541
0080022345            0203899133                    WOODBRIDGE                         VA                    22193
0080022346            0203917604                    LOS ANGELES                        CA                    90026
0080022347            0203918909                    WASHINGTON                         DC                    20012
0080022349            0203937453                    FREDERICK                          MD                    21704
0080022352            0203982665                    BOCA RATON                         FL                    33486
0080022358            0028921617                    TALLAHASSEE                        FL                    32311
0080022359            0032359952                    ORLANDO                            FL                    32814
0080022360            0033931437                    BRASELTON                          GA                    30517
0080022363            0034728675                    GAINESVILLE                        FL                    32608
0080022364            0034890251                    MIAMI                              FL                    33139
0080022367            0035589654                    YULEE                              FL                    32097
0080022369            0035822691                    VERO BEACH                         FL                    32963
0080022370            0035905561                    DAYTONA BEACH                      FL                    32118
0080022372            0036396174                    SUMMERFIELD                        NC                    27358
0080022373            0036582104                    LAND O LAKES                       FL                    34639
0080022374            0036604924                    NEWNAN                             GA                    30265
0080022375            0036980233                    CORAL GABLES                       FL                    33134
0080022376            0037189230                    ORMOND BEACH                       FL                    32174
0080022377            0037422607                    ATLANTA                            GA                    30350
0080022378            0037470200                    CARY                               NC                    27513
0080022379            0037630225                    ALPHARETTA                         GA                    30022
0080022380            0037668241                    ALPHARETTA                         GA                    30022
0080022381            0037678687                    JACKSONVILLE                       FL                    32226
0080022382            0037710480                    KEY LARGO                          FL                    33037
0080022384            0037794625                    BLUFFTON                           SC                    29910
0080022386            0144873734                    OAKLAND                            CA                    94611
0080022387            0144930963                    PHOENIX                            AZ                    85032
0080022389            0145124582                    TAMPA                              FL                    33647
0080022393            0145270732                    CAVE CREEK                         AZ                    85331
0080022395            0203542378                    WILLIAMSBURG                       VA                    23188
0080022396            0203667829                    SAN JOSE                           CA                    95126
0080022397            0203719240                    CHICAGO                            IL                    60605
0080022398            0203759733                    SILVER SPRING                      MD                    20910
0080022399            0203775598                    LORTON                             VA                    22079
0080022400            0203842935                    CLEARWATER BEACH                   FL                    33767
0080022401            0203866009                    WILLIAMSBURG                       VA                    23185
0080022402            0203871942                    MIAMI BEACH                        FL                    33139
0080022403            0203875075                    MIRAMAR BEACH                      FL                    32550
0080022404            0203877337                    POQUOSON                           VA                    23662
0080022406            0203879887                    WASHINGTON                         DC                    20001
0080022407            0203882683                    OCEAN CITY                         MD                    21842
0080022408            0203890652                    NEWPORT NEWS                       VA                    23606
0080022409            0203896816                    SOUTH RIDING                       VA                    20152
0080022410            0203899745                    FALLS CHURCH                       VA                    22043
0080022411            0203906243                    NORTH POTOMAC                      MD                    20878
0080022413            0203948708                    PEORIA                             AZ                    85383
0080022414            0203971791                    BOULDER                            CO                    80304
0080022415            0203978796                    FAIRFAX                            VA                    22032
0080022416            0203982731                    LEESBURG                           VA                    20175
0080022417            0203984489                    LEESBURG                           VA                    20175
0080022418            0203991880                    MYRTLE BEACH                       SC                    29572
0080022419            0204013684                    SPRINGFIELD                        VA                    22153
0080022420            0031109697                    DULUTH                             GA                    30097
0080022421            0031431521                    ALPHARETTA                         GA                    30004
0080022422            0032359036                    ALPHARETTA                         GA                    30022
0080022423            0033895772                    RALEIGH                            NC                    27609
0080022424            0034540203                    PALM COAST                         FL                    32137
0080022425            0034890244                    DUNWOODY                           GA                    30338
0080022426            0035389972                    DECATUR                            GA                    30030
0080022427            0036173847                    MONROE                             GA                    30655
0080022428            0036415065                    SAFETY HARBOR                      FL                    34695
0080022429            0036555134                    ALPHARETTA                         GA                    30022
0080022430            0037109543                    OCEAN ISLE                         NC                    28469
0080022431            0037109626                    WAKE FOREST                        NC                    27587
0080022432            0037456746                    BOGART                             GA                    30622
0080022433            0037520418                    FORT LAUDERDALE                    FL                    33312
0080022434            0037556776                    LAKE MARY                          FL                    32746
0080022435            0037688405                    WILMINGTON                         NC                    28401
0080022436            0037756368                    Marietta                           GA                    30062
0080022437            0037756962                    SUWANEE                            GA                    30024
0080022439            0037771268                    FRIPP ISLAND                       SC                    29920
0080022440            0038020343                    ATLANTA                            GA                    30330
0080022441            0038114625                    ORLANDO                            FL                    32814
0080022442            0038248266                    ATLANTA                            GA                    30306
0080022443            0132137241                    ARLINGTON                          VA                    22207
0080022444            0145246658                    ALAMEDA                            CA                    94501
0080022445            0203781927                    MILLERSVILLE                       MD                    21108
0080022446            0203803648                    ARLINGTON                          VA                    22205
0080022447            0203829742                    BRISTOW                            VA                    20136
0080022449            0203858329                    ASHBURN                            VA                    20147
0080022450            0203872825                    ARLINGTON                          VA                    22205
0080022451            0203878988                    STERLING                           VA                    20166
0080022452            0203882147                    LEESBURG                           VA                    20176
0080022453            0203908223                    ARLINGTON                          VA                    22201
0080022454            0203927090                    LA MIRADA                          CA                    90638
0080022455            0203978085                    BALTIMORE                          MD                    21218
0080022880            0402129225                    TAMPA                              FL                    33615
0080022881            0402478333                    PEPPER PIKE                        OH                    44124
0080022882            0402532964                    TOWNSHIP OF CAMBRIDGE              MI                    49230
0080022883            0402599989                    CHAPPAQUA                          NY                    10514
0080022884            0402662308                    FORT MYERS BEACH                   FL                    33931
0080022885            0402692818                    TERRACE PARK                       OH                    45174
0080022887            0402774475                    JOHNSTOWN                          OH                    43031
0080022888            0402785356                    HOLLAND                            MI                    49423
0080022893            0402482806                    MILFORD                            MI                    48380
0080022894            0402484422                    VERO BEACH                         FL                    32963
0080022895            0402491187                    WHITEHOUSE                         OH                    43571
0080022900            0402635759                    CLEARWATER BEACH                   FL                    33767
0080022901            0402650451                    FRANKLIN                           TN                    37067
0080022902            0402660567                    ZIONSVILLE                         IN                    46077
0080022906            0402689871                    NAPLES                             FL                    34110
0080022907            0402693238                    WINDERMERE                         FL                    34786
0080022908            0402695845                    MYRTLE BEACH                       SC                    29577
0080022909            0402700843                    BIRMINGHAM                         AL                    35242
0080022910            0402703193                    BRENTWOOD                          TN                    37027
0080022911            0402710479                    VALRICO                            FL                    33594
0080022913            0402716203                    NAPLES                             FL                    34120
0080022915            0402725261                    BONITA SPRINGS                     FL                    34135
0080022917            0402730220                    CHARLOTTE                          NC                    28207
0080022918            0402733604                    CHARLOTTE                          NC                    28211
0080022920            0402741797                    PONCE INLET                        FL                    32127
0080022922            0402748354                    ZIONSVILLE                         IN                    46077
0080022924            0402752059                    DAVIDSON                           NC                    28036
0080022925            0402761639                    TAMPA                              FL                    33626
0080022928            0402772578                    ORLANDO                            FL                    32814
0080022929            0402795108                    CHARLESTON                         WV                    25314
0080022930            0402802961                    OAK BROOK                          IL                    60523
0080022931            0402812697                    CINCINNATI                         OH                    45226
0080022933            0402107726                    WESTLAKE                           OH                    44145
0080022934            0402438337                    CAPE CORAL                         FL                    33914
0080022936            0402458186                    CINCINNATI                         OH                    45208
0080022937            0402473763                    NORTHVILLE                         MI                    48167
0080022939            0402510622                    ROCHESTER                          MI                    48307
0080022942            0402515779                    CENTERVILLE                        OH                    45458
0080022943            0402523492                    HOBE SOUND                         FL                    33455
0080022944            0402548549                    REDINGTON SHORES                   FL                    33708
0080022945            0402580435                    PALM COAST                         FL                    32137
0080022948            0402666424                    MC CORDSVILLE                      IN                    46055
0080022949            0402668172                    PONTE VEDRA                        FL                    32082
0080022950            0402672547                    ESTERO                             FL                    33928
0080022952            0402679146                    BRENTWOOD                          TN                    37027
0080022953            0402682892                    CHICAGO                            IL                    60656
0080022954            0402688220                    ATLANTA                            GA                    30309
0080022955            0402689509                    TRAVERSE CITY                      MI                    49686
0080022956            0402692230                    EATONTON                           GA                    31024
0080022957            0402696322                    MARCO ISLAND                       FL                    34145
0080022958            0402698260                    BRENTWOOD                          TN                    37027
0080022959            0402765762                    GAINESVILLE                        GA                    30506
0080022960            0402771273                    WHITEHOUSE                         OH                    43571
0080022961            0402805345                    DELRAY BEACH                       FL                    33483
0080022962            0402806665                    ADA                                MI                    49301
0080022964            0402474951                    ORMOND BEACH                       FL                    32176
0080022965            0402621882                    OSPREY                             FL                    34229
0080022967            0402673172                    BRIDGMAN                           MI                    49106
0080022968            0402673958                    COLUMBUS                           OH                    43221
0080022969            0402685838                    CINCINNATI                         OH                    45208
0080022970            0402853113                    CINCINNATI                         OH                    45208
0080022972            0003382403                    OAKLAND                            CA                    94608
0080022973            0003914807                    BRENTWOOD                          CA                    94513
0080022974            0005037310                    PURCELLVILLE                       VA                    20132
0080022975            0005038018                    MOORPARK                           CA                    93021
0080022976            0005038079                    IRVINE                             CA                    92618
0080022978            0005038812                    SAN DIEGO                          CA                    92173
0080022979            0005039069                    BLOOMFIELD TOWNSHIP                MI                    48302
0080022980            0005039310                    FAIRFAX                            VA                    22032
0080022981            0005039492                    ROSWELL                            GA                    30075
0080022983            0005290396                    SAN DIEGO                          CA                    92102
0080022984            0005290557                    PALMDALE                           CA                    93552
0080022985            0005291062                    MIDDLETOWN                         OH                    45044
0080022986            0005292119                    LAS VEGAS                          NV                    89121
0080022987            0005292199                    SAN JOSE                           CA                    95124
0080022988            0005292253                    SAN JUAN CAPISTRANO                CA                    92675
0080022989            0005292254                    SIMI VALLEY                        CA                    93063
0080022990            0005292516                    PASADENA                           CA                    91107
0080022991            0005292768                    ELK GROVE                          CA                    95758
0080022992            0005292796                    SAN RAMON                          CA                    94583
0080022993            0005292829                    BELLEVUE                           ID                    83313
0080022994            0005293348                    ALEXANDRIA                         VA                    22305
0080022995            0005293806                    ARLINGTON                          VA                    22207
0080022996            0005294140                    BALTIMORE                          MD                    21211
0080022997            0005294740                    CHICAGO                            IL                    60614
0080022998            0005294757                    STUDIO CITY                        CA                    91604
0080023000            0005294857                    SOULSBYVILLE                       CA                    95372
0080023001            0005295171                    SAN DIEGO                          CA                    92127
0080023002            0005295174                    ANTIOCH                            CA                    94509
0080023003            0005295463                    POOLESVILLE                        MD                    20837
0080023004            0005295608                    SAN JACINTO                        CA                    92583
0080023005            0005295844                    VIRGINIA BEACH                     VA                    23454
0080023006            0005295904                    TALLAHASSEE                        FL                    32303
0080023007            0005296619                    SAN DIEGO                          CA                    92129
0080023010            0005297441                    HEMET                              CA                    92543
0080023011            0005297447                    GILBERT                            AZ                    85234
0080023012            0005297451                    HOLLISTER                          CA                    95023
0080023013            0005297477                    SANTA ANA                          CA                    92705
0080023014            0005297540                    COLORADO SPRINGS                   CO                    80906
0080023015            0005297964                    WASHINGTON                         DC                    20016
0080023016            0005298838                    APACHE JUNCTION                    AZ                    85219
0080023017            0005299071                    MONTECITO                          CA                    93108
0080023018            0005299196                    SAN BERNARDINO                     CA                    92404
0080023019            0005299630                    PORTOLA VALLEY                     CA                    94028
0080023020            0005299705                    HONOLULU                           HI                    96826
0080023021            0005300340                    GLENWOOD                           MD                    21738
0080023022            0005300610                    FRISCO                             TX                    75034
0080023023            0005301329                    SAN DIEGO                          CA                    92115
0080023024            0005301749                    REDONDO BEACH                      CA                    90277
0080023025            0005302057                    MARIETTA                           GA                    30062
0080023026            0005302352                    SANTEE                             CA                    92071
0080023027            0005302390                    NORTHRIDGE                         CA                    91325
0080023028            0005302607                    CAROLINA BEACH                     NC                    28428
0080023029            0005304706                    FREMONT                            CA                    94555
0080023030            0005304969                    SISTERS                            OR                    97759
0080023031            0005305106                    REDONDO BEACH                      CA                    90278
0080023032            0005305206                    HOUSTON                            TX                    77027
0080023034            0005306436                    GAITHERSBURG                       MD                    20877
0080023036            0005307338                    SAINT SIMONS ISLAND                GA                    31522
0080023037            0005307397                    PLEASANTON                         CA                    94566
0080023038            0005307459                    HOUSTON                            TX                    77005
0080023039            0005307618                    MURRIETA                           CA                    92563
0080023040            0005307651                    SUN VALLEY                         CA                    91352
0080023041            0005307873                    WEST JORDAN                        UT                    84084
0080023042            0005309374                    UNION CITY                         CA                    94587
0080023043            0005309969                    LAS VEGAS                          NV                    89131
0080023044            0005310093                    ESCONDIDO                          CA                    92025
0080023045            0005310155                    LAVEEN                             AZ                    85339
0080023046            0005310843                    VIRGINIA BEACH                     VA                    23456
0080023047            0005310974                    MANHATTAN                          IL                    60442
0080023048            0005312797                    FREMONT                            CA                    94539
0080023049            0005314673                    GOLETA                             CA                    93117
0080023051            0005314995                    PALM SPRINGS                       CA                    92262
0080023052            0005316550                    KALAHEO                            HI                    96741
0080023053            0005316961                    LA CRESCENTA                       CA                    91214
0080023054            0005317079                    RANCHO CUCAMONGA                   CA                    91730
0080023055            0005317118                    WEST LINN                          OR                    97068
0080023056            0005317652                    DANVILLE                           CA                    94526
0080023057            0005319730                    LEMON GROVE                        CA                    91945
0080023058            0005320120                    PLEASANT HILL                      CA                    94523
0080023059            0005321641                    LOS GATOS                          CA                    95032
0080023060            0005322307                    DOWNEY                             CA                    90240
0080023061            0005326062                    SAN FRANCISCO                      CA                    94134
0080023062            0005326465                    SCOTTSDALE                         AZ                    85255
0080023063            0005327739                    SAN JOSE                           CA                    95120
0080023064            0005328432                    LIVERMORE                          CA                    94551
0080023065            0005333063                    SANTA CRUZ                         CA                    95060
0080023066            0004171247                    DENVER                             CO                    80209
0080023067            0004214573                    NORWALK                            CT                    06851
0080023068            0004244754                    PORTLAND                           OR                    97236
0080023069            0004250397                    RESTON                             VA                    20190
0080023070            0004261889                    SALEM                              OR                    97304
0080023071            0004300320                    GYPSUM                             CO                    81637
0080023075            0004525163                    ARCADIA                            CA                    91006
0080023076            0004528320                    LANEXA                             VA                    23089
0080023077            0004531122                    ATLANTA                            GA                    30319
0080023079            0004561057                    FORTVILLE                          IN                    46060
0080023080            0004582511                    CHESTERFIELD                       MO                    63017
0080023082            0004719457                    BEND                               OR                    97702
0080023083            0004722954                    FREEHOLD                           NJ                    07728
0080023084            0004723552                    LOOMIS                             CA                    95650
0080023085            0004737814                    RESTON                             VA                    20191
0080023086            0004758557                    WALDORF                            MD                    20603
0080023087            0004880828                    ALPHARETTA                         GA                    30004
0080023088            0004895907                    CHICAGO                            IL                    60610
0080023089            0004899912                    KING GEORGE                        VA                    22485
0080023090            0004914518                    UPPER MARLBORO                     MD                    20774
0080023091            0004918660                    NEW YORK                           NY                    10012
0080023092            0004919265                    BRANSON                            MO                    65616
0080023093            0004928282                    SAN FRANCISCO                      CA                    94107
0080023094            0004935854                    ELKRIDGE                           MD                    21075
0080023095            0004937969                    WILDWOOD                           NJ                    08260
0080023096            0004945902                    SAN DIEGO                          CA                    92139
0080023097            0004948626                    THURMONT                           MD                    21788
0080023098            0004949898                    BEXLEY                             OH                    43209
0080023099            0004949981                    GAITHERSBURG                       MD                    20877
0080023100            0004950188                    BOWIE                              MD                    20715
0080023101            0004952405                    ELLICOTT CITY                      MD                    21042
0080023102            0004953356                    BURNSVILLE                         MN                    55306
0080023103            0004954172                    LA HONDA                           CA                    94020
0080023104            0004975312                    SAN DIEGO                          CA                    92107
0080023105            0004976927                    ANTIOCH                            CA                    94531
0080023106            0004978447                    ASHBURN                            VA                    20147
0080023107            0004978594                    FRANKLIN                           OH                    45005
0080023108            0004980225                    SCOTTSDALE                         AZ                    85255
0080023109            0004980958                    FAIR HAVEN                         NJ                    07704
0080023110            0004981533                    HACIENDA HEIGHTS                   CA                    91745
0080023111            0004981634                    UNIVERSITY PLACE                   WA                    98466
0080023112            0004982312                    OLNEY                              MD                    20832
0080023113            0004984095                    RIVERWOODS                         IL                    60015
0080023114            0004985400                    SAN CLEMENTE                       CA                    92673
0080023115            0004985489                    ANAHEIM                            CA                    92804
0080023116            0004986913                    SCHAUMBURG                         IL                    60195
0080023117            0004988082                    STOCKTON                           CA                    95210
0080023119            0004988576                    MISSION VIEJO                      CA                    92691
0080023120            0004988731                    LINCOLN                            CA                    95648
0080023121            0004992294                    KIHEI                              HI                    96753
0080023122            0004992800                    KEY LARGO                          FL                    33037
0080023123            0004993996                    FAIRFAX                            VA                    22033
0080023124            0004994977                    CREVE COEUR                        MO                    63141
0080023125            0004994994                    WHEATON                            IL                    60187
0080023126            0004995535                    LINDALE                            TX                    75771
0080023128            0004995856                    CRYSTAL LAKE                       IL                    60014
0080023129            0004996321                    TINTON FALLS                       NJ                    07724
0080023130            0004996652                    SUNNYVALE                          CA                    94087
0080023131            0004997382                    FOSTER CITY                        CA                    94404
0080023132            0004997933                    PLYMOUTH                           MI                    48170
0080023134            0004998996                    CARLSBAD                           CA                    92008
0080023135            0004999004                    WESTMINSTER                        CA                    92683
0080023136            0004999251                    PEORIA                             AZ                    85383
0080023137            0004999396                    SAN RAFAEL                         CA                    94901
0080023138            0004999708                    VALLEJO                            CA                    94591
0080023139            0005001279                    LIVERMORE                          CA                    94551
0080023140            0005022703                    WALNUT PARK                        CA                    90255
0080023141            0005023214                    NAPERVILLE                         IL                    60564
0080023142            0005023683                    BALTIMORE                          MD                    21231
0080023143            0005026824                    SCOTTSDALE                         AZ                    85255
0080023144            0005027171                    KENT                               WA                    98032
0080023145            0005028617                    SELBYVILLE                         DE                    19975
0080023146            0005030414                    GRANTSVILLE                        UT                    84029
0080023147            0005030604                    OXNARD                             CA                    93030
0080023148            0005031554                    NORFOLK                            VA                    23518
0080023149            0005031998                    SAN FRANCISCO                      CA                    94124
0080023150            0005032019                    PLEASANTON                         CA                    94566
0080023151            0005032034                    MCLEAN                             VA                    22101
0080023152            0005032584                    ALEXANDRIA                         VA                    22310
0080023154            0005032670                    EVANSTON                           IL                    60201
0080023155            0005032904                    JERSEY CITY                        NJ                    07302
0080023156            0005033787                    YORBA LINDA                        CA                    92886
0080023157            0005033932                    MURRIETA                           CA                    92563
0080023158            0005033936                    CHULA VISTA                        CA                    91910
0080023159            0005034086                    LOS ALTOS HILLS                    CA                    94022
0080023160            0005034491                    PHOENIX                            AZ                    85085
0080023161            0005035107                    MOKENA                             IL                    60448
0080023162            0005035630                    OAKLAND                            CA                    94608
0080023163            0005036160                    SAN MARCOS                         CA                    92078
0080023261            0402785836                    GRAND RAPIDS                       MI                    49525
0080023262            0402919369                    LOUISVILLE                         KY                    40299
0080023263            0402944516                    EAST GRAND RAPIDS                  MI                    49506
0080023264            0403016371                    CINCINNATI                         OH                    45243
0080023266            0402396220                    NEW ALBANY                         OH                    43054
0080023269            0402711303                    ORLANDO                            FL                    32836
0080023270            0402724777                    LOUISVILLE                         KY                    40245
0080023271            0402760623                    CUDJOE KEY                         FL                    33042
0080023274            0402821557                    WILSON                             WY                    83014
0080023275            0402835912                    LEXINGTON                          KY                    40515
0080023277            0402856017                    ANN ARBOR                          MI                    48104
0080023280            0402972822                    FENTON                             MI                    48430
0080023282            0402990360                    WEST CHESTER                       OH                    45069
0080023285            0403004203                    SARASOTA                           FL                    34236
0080023287            0403021397                    CHICAGO                            IL                    60640
0080023289            0403036551                    GLEN ELLYN                         IL                    60137
0080023291            0403037575                    CINCINNATI                         OH                    45208
0080023292            0403051329                    AMANDA                             OH                    43102
0080023293            0403052244                    LEMONT                             IL                    60439
0080023294            0403112170                    POLAND                             OH                    44514
0080023295            0403120371                    KENOVA                             WV                    25530
0080023296            0403130867                    SARASOTA                           FL                    34242
0080023297            0403138498                    SAINT LOUIS                        MO                    63105
0080023298            0403150055                    CINCINNATI                         OH                    45233
0080023299            0403168701                    MONTAGUE                           MI                    49437
0080023300            0403218654                    MISHAWAKA                          IN                    46545
0080023301            0403245384                    CLARKSTON                          MI                    48348
0080023302            0403267339                    CLEARWATER BEACH                   FL                    33767
0080023303            0402658645                    FENTON                             MI                    48430
0080023304            0402792170                    WEST OLIVE                         MI                    49460
0080023305            0402819486                    FRONTENAC                          MO                    63131
0080023306            0402838189                    ADA                                MI                    49301
0080023307            0402860654                    BAY VILLAGE                        OH                    44140
0080023308            0402875504                    ROCHESTER HILLS                    MI                    48306
0080023309            0402882823                    WILTON MANORS                      FL                    33305
0080023310            0402885172                    SARASOTA                           FL                    34239
0080023311            0402938518                    TROY                               MI                    48098
0080023312            0402966261                    CICERO                             IN                    46034
0080023313            0402967343                    LOUISVILLE                         KY                    40245
0080023314            0402968077                    MASON                              OH                    45040
0080023315            0402979462                    LAKEWOOD                           OH                    44107
0080023316            0402982177                    MAINEVILLE                         OH                    45039
0080023317            0403028673                    HOWELL                             MI                    48843
0080023318            0403030034                    MURRAYVILLE                        GA                    30564
0080023319            0403031669                    GREENSBORO                         GA                    30642
0080023320            0403032337                    LAKE ZURICH                        IL                    60047
0080023321            0403040231                    CINCINNATI                         OH                    45242
0080023322            0403057029                    ADA                                MI                    49301
0080023323            0403057599                    WEST BLOOMFIELD                    MI                    48322
0080023324            0403075757                    CINCINNATI                         OH                    45243
0080023325            0403084577                    BROWNSBURG                         IN                    46112
0080023326            0403116569                    PALM COAST                         FL                    32137
0080023327            0403150121                    CINCINNATI                         OH                    45206
0080023328            0403165459                    NAPLES                             FL                    34113
0080023329            0403205818                    FORT MYERS                         FL                    33912
0080023331            0403222573                    CINCINNATI                         OH                    45243
0080023332            0402764674                    BARRINGTON                         IL                    60010
0080023333            0402866925                    LAS VEGAS                          NV                    89169
0080023334            0402951982                    ALPHARETTA                         GA                    30004
0080023335            0402981575                    MUNDELEIN                          IL                    60060
0080023336            0403013014                    CHARLESTON                         SC                    29403
0080023337            0403089782                    HINCKLEY                           OH                    44233

Loan Number           Property Type                    Cutoff Mortgage Rate          Servicing Fee Rate           Net Mortgage Interest Rate
0080014102            PUD                                              5.25                       0.375                                4.863
0080014285            PUD                                               5.5                       0.375                                5.113
0080014896            Single Family                                   5.375                        0.25                                5.113
0080014915            PUD                                              5.25                        0.25                                4.988
0080014921            Single Family                                   5.875                        0.25                                5.613
0080014928            Single Family                                   5.375                        0.25                                5.113
0080014937            Single Family                                    5.75                        0.25                                5.488
0080014993            Single Family                                   5.875                        0.25                                5.613
0080015005            PUD                                             5.875                        0.25                                5.613
0080015013            Condominium                                      5.75                        0.25                                5.488
0080015014            PUD                                             5.875                        0.25                                5.613
0080015027            Single Family                                   5.875                        0.25                                5.613
0080015034            Single Family                                   5.875                        0.25                                5.613
0080015038            Single Family                                   5.625                        0.25                                5.363
0080015044            Single Family                                   5.625                        0.25                                5.363
0080015050            Single Family                                    5.25                        0.25                                4.988
0080015051            Single Family                                    5.75                        0.25                                5.488
0080015061            PUD                                             5.375                        0.25                                5.113
0080015070            Single Family                                     5.5                        0.25                                5.238
0080015073            Single Family                                   5.375                        0.25                                5.113
0080015078            Single Family                                   5.875                        0.25                                5.613
0080015170            Single Family                                       6                        0.25                                5.738
0080015213            PUD                                             6.125                        0.25                                5.863
0080018067            Single Family                                   6.125                        0.25                                5.863
0080018070            Condominium                                       5.5                        0.25                                5.238
0080018078            PUD                                              6.25                        0.25                                5.988
0080018101            Condominium                                     6.125                        0.25                                5.863
0080018143            PUD                                                 6                        0.25                                5.738
0080018149            Single Family                                    5.75                        0.25                                5.488
0080018153            Single Family                                   6.125                        0.25                                5.863
0080018169            Single Family                                    6.25                        0.25                                5.988
0080018170            Single Family                                     5.5                        0.25                                5.238
0080018171            Single Family                                   5.875                        0.25                                5.613
0080018173            PUD                                              6.25                        0.25                                5.988
0080018174            Single Family                                   6.125                        0.25                                5.863
0080018175            PUD                                                 6                        0.25                                5.738
0080018177            Single Family                                    6.25                        0.25                                5.988
0080018178            Condominium                                     6.125                        0.25                                5.863
0080018179            PUD                                             5.875                        0.25                                5.613
0080018181            PUD                                              6.25                        0.25                                5.988
0080018182            2 Family                                         6.25                        0.25                                5.988
0080018183            Condominium                                     6.125                        0.25                                5.863
0080018184            Condominium                                     5.875                        0.25                                5.613
0080018186            Condominium                                         6                        0.25                                5.738
0080018187            PUD                                              6.25                        0.25                                5.988
0080018188            PUD                                                 6                        0.25                                5.738
0080018189            PUD                                             5.875                        0.25                                5.613
0080018190            PUD                                              6.25                        0.25                                5.988
0080018192            Single Family                                    6.25                        0.25                                5.988
0080018194            Condominium                                     5.875                        0.25                                5.613
0080018196            PUD                                             6.125                        0.25                                5.863
0080018197            PUD                                             6.125                        0.25                                5.863
0080018198            Single Family                                   6.125                        0.25                                5.863
0080018199            PUD                                              6.25                        0.25                                5.988
0080018200            Single Family                                    6.25                        0.25                                5.988
0080018201            PUD                                              6.25                        0.25                                5.988
0080018205            Single Family                                   5.875                        0.25                                5.613
0080018206            Single Family                                       6                        0.25                                5.738
0080018207            Condominium                                      6.25                        0.25                                5.988
0080018208            Single Family                                    6.25                        0.25                                5.988
0080018209            PUD                                             5.875                        0.25                                5.613
0080018211            PUD                                             6.125                        0.25                                5.863
0080018214            PUD                                             6.125                        0.25                                5.863
0080018215            Single Family                                    6.25                        0.25                                5.988
0080018217            Single Family                                   6.125                        0.25                                5.863
0080018218            Single Family                                    6.25                        0.25                                5.988
0080018220            Single Family                                   6.125                        0.25                                5.863
0080018222            PUD                                                 6                        0.25                                5.738
0080018224            Single Family                                    6.25                        0.25                                5.988
0080018225            PUD                                             5.875                        0.25                                5.613
0080018655            Single Family                                     5.5                        0.25                                5.238
0080018826            Single Family                                     5.5                        0.25                                5.238
0080018953            Condominium                                      5.25                        0.25                                4.988
0080022205            Condominium                                      4.75                        0.25                                4.488
0080022207            Condominium                                       5.5                        0.25                                5.238
0080022208            Condominium                                     5.875                        0.25                                5.613
0080022210            Condominium                                     5.625                        0.25                                5.363
0080022212            Single Family                                    6.25                        0.25                                5.988
0080022213            Condominium                                      5.75                        0.25                                5.488
0080022214            Single Family                                   5.375                        0.25                                5.113
0080022215            Single Family                                    6.25                        0.25                                5.988
0080022217            Condominium                                     5.875                        0.25                                5.613
0080022218            Condominium                                      6.25                        0.25                                5.988
0080022220            Single Family                                       6                        0.25                                5.738
0080022222            Single Family                                   6.125                        0.25                                5.863
0080022225            Single Family                                     6.5                        0.25                                6.238
0080022226            Single Family                                    6.25                        0.25                                5.988
0080022227            Single Family                                   6.125                        0.25                                5.863
0080022228            Condominium                                     7.375                        0.25                                7.113
0080022231            Condominium                                       6.5                        0.25                                6.238
0080022232            Single Family                                   6.125                        0.25                                5.863
0080022236            Single Family                                    6.25                        0.25                                5.988
0080022241            Condominium                                     6.125                        0.25                                5.863
0080022244            Single Family                                     6.5                        0.25                                6.238
0080022245            Single Family                                     6.5                        0.25                                6.238
0080022249            Single Family                                   6.375                        0.25                                6.113
0080022252            Condominium                                     6.375                        0.25                                6.113
0080022253            Single Family                                   5.875                        0.25                                5.613
0080022255            Single Family                                   5.875                        0.25                                5.613
0080022256            Single Family                                   5.625                        0.25                                5.363
0080022258            PUD                                               5.5                        0.25                                5.238
0080022259            Single Family                                   5.875                        0.25                                5.613
0080022260            Single Family                                    5.75                        0.25                                5.488
0080022261            Condominium                                     6.125                        0.25                                5.863
0080022262            Single Family                                       6                        0.25                                5.738
0080022268            Single Family                                   6.375                        0.25                                6.113
0080022270            Single Family                                    6.25                        0.25                                5.988
0080022274            Single Family                                    6.75                        0.25                                6.488
0080022275            Single Family                                   6.625                        0.25                                6.363
0080022276            Single Family                                    6.25                        0.25                                5.988
0080022277            Single Family                                   5.875                        0.25                                5.613
0080022278            Single Family                                       6                        0.25                                5.738
0080022283            PUD                                             6.875                        0.25                                6.613
0080022285            PUD                                               6.5                        0.25                                6.238
0080022289            PUD                                              5.75                        0.25                                5.488
0080022290            Single Family                                     6.5                        0.25                                6.238
0080022294            Single Family                                    7.75                        0.25                                7.488
0080022295            Single Family                                   6.125                        0.25                                5.863
0080022297            Single Family                                    5.75                        0.25                                5.488
0080022298            Single Family                                       6                        0.25                                5.738
0080022299            PUD                                             7.375                        0.25                                7.113
0080022300            PUD                                             6.875                       0.375                                6.488
0080022301            Single Family                                   6.375                       0.375                                5.988
0080022302            Single Family                                   6.125                       0.375                                5.738
0080022303            Single Family                                    6.75                       0.375                                6.363
0080022313            Single Family                                   6.875                       0.375                                6.488
0080022314            Single Family                                    6.75                       0.375                                6.363
0080022315            Single Family                                    6.75                       0.375                                6.363
0080022318            PUD                                             6.625                       0.375                                6.238
0080022321            Single Family                                    6.75                       0.375                                6.363
0080022325            Single Family                                    6.75                       0.375                                6.363
0080022327            PUD                                             7.375                       0.375                                6.988
0080022329            PUD                                             6.875                       0.375                                6.488
0080022333            PUD                                                 7                       0.375                                6.613
0080022339            Single Family                                    6.75                       0.375                                6.363
0080022343            Single Family                                    6.75                       0.375                                6.363
0080022344            Single Family                                   6.875                       0.375                                6.488
0080022345            PUD                                               6.5                       0.375                                6.113
0080022346            2 Family                                        6.875                       0.375                                6.488
0080022347            Single Family                                    6.75                       0.375                                6.363
0080022349            PUD                                             6.875                       0.375                                6.488
0080022352            PUD                                              7.25                       0.375                                6.863
0080022358            Single Family                                   6.875                       0.375                                6.488
0080022359            Single Family                                    6.75                       0.375                                6.363
0080022360            Single Family                                   5.875                       0.375                                5.488
0080022363            Single Family                                   6.625                       0.375                                6.238
0080022364            Single Family                                    6.75                       0.375                                6.363
0080022367            Single Family                                   6.875                       0.375                                6.488
0080022369            Condominium                                     6.875                       0.375                                6.488
0080022370            Single Family                                    6.75                       0.375                                6.363
0080022372            Single Family                                    6.75                       0.375                                6.363
0080022373            PUD                                             7.125                       0.375                                6.738
0080022374            Single Family                                    6.75                       0.375                                6.363
0080022375            Single Family                                   6.875                       0.375                                6.488
0080022376            Single Family                                   6.625                       0.375                                6.238
0080022377            Single Family                                   6.875                       0.375                                6.488
0080022378            Single Family                                    6.75                       0.375                                6.363
0080022379            Single Family                                   6.375                       0.375                                5.988
0080022380            Single Family                                    6.25                       0.375                                5.863
0080022381            Single Family                                   6.875                       0.375                                6.488
0080022382            Single Family                                   6.875                       0.375                                6.488
0080022384            Single Family                                    6.75                       0.375                                6.363
0080022386            Single Family                                   6.625                       0.375                                6.238
0080022387            PUD                                              6.75                       0.375                                6.363
0080022389            Single Family                                   6.875                       0.375                                6.488
0080022393            Single Family                                   6.875                       0.375                                6.488
0080022395            PUD                                             6.875                       0.375                                6.488
0080022396            Single Family                                    7.25                       0.375                                6.863
0080022397            Condominium                                         7                       0.375                                6.613
0080022398            Condominium                                       6.5                       0.375                                6.113
0080022399            PUD                                             6.375                       0.375                                5.988
0080022400            Single Family                                   6.875                       0.375                                6.488
0080022401            PUD                                                 7                       0.375                                6.613
0080022402            Condominium                                      6.75                       0.375                                6.363
0080022403            Condominium                                         7                       0.375                                6.613
0080022404            Single Family                                   6.875                       0.375                                6.488
0080022406            Single Family                                   6.625                       0.375                                6.238
0080022407            Condominium                                         7                       0.375                                6.613
0080022408            PUD                                                 7                       0.375                                6.613
0080022409            Single Family                                   6.875                       0.375                                6.488
0080022410            PUD                                             6.875                       0.375                                6.488
0080022411            PUD                                              6.75                       0.375                                6.363
0080022413            PUD                                                 7                       0.375                                6.613
0080022414            PUD                                              6.75                       0.375                                6.363
0080022415            Single Family                                   6.625                       0.375                                6.238
0080022416            PUD                                             6.125                       0.375                                5.738
0080022417            PUD                                              6.75                       0.375                                6.363
0080022418            Condominium                                      7.25                       0.375                                6.863
0080022419            Single Family                                   6.625                       0.375                                6.238
0080022420            Single Family                                   6.625                       0.375                                6.238
0080022421            Single Family                                     6.5                       0.375                                6.113
0080022422            Single Family                                    6.75                       0.375                                6.363
0080022423            Single Family                                       7                       0.375                                6.613
0080022424            Condominium                                     6.625                       0.375                                6.238
0080022425            PUD                                             6.875                       0.375                                6.488
0080022426            Single Family                                   6.625                       0.375                                6.238
0080022427            Single Family                                     6.5                       0.375                                6.113
0080022428            Single Family                                    6.25                       0.375                                5.863
0080022429            Single Family                                    6.75                       0.375                                6.363
0080022430            Single Family                                   6.875                       0.375                                6.488
0080022431            Single Family                                   6.625                       0.375                                6.238
0080022432            Single Family                                   6.875                       0.375                                6.488
0080022433            Single Family                                   6.875                       0.375                                6.488
0080022434            Single Family                                    6.75                       0.375                                6.363
0080022435            Single Family                                   6.875                       0.375                                6.488
0080022436            PUD                                               6.5                       0.375                                6.113
0080022437            PUD                                              6.75                       0.375                                6.363
0080022439            PUD                                              7.25                       0.375                                6.863
0080022440            Single Family                                     6.5                       0.375                                6.113
0080022441            Single Family                                   6.875                       0.375                                6.488
0080022442            Single Family                                    6.25                       0.375                                5.863
0080022443            Single Family                                     6.5                       0.375                                6.113
0080022444            Single Family                                       7                       0.375                                6.613
0080022445            PUD                                               6.5                       0.375                                6.113
0080022446            Single Family                                       7                       0.375                                6.613
0080022447            Single Family                                   6.875                       0.375                                6.488
0080022449            PUD                                              6.75                       0.375                                6.363
0080022450            Single Family                                       7                       0.375                                6.613
0080022451            PUD                                             6.625                       0.375                                6.238
0080022452            Single Family                                   6.875                       0.375                                6.488
0080022453            Condominium                                      6.75                       0.375                                6.363
0080022454            Single Family                                     6.5                       0.375                                6.113
0080022455            Single Family                                       7                       0.375                                6.613
0080022880            PUD                                              6.75                       0.375                                6.363
0080022881            Single Family                                   6.375                       0.375                                5.988
0080022882            Single Family                                   6.875                       0.375                                6.488
0080022883            Single Family                                    6.25                       0.375                                5.863
0080022884            Condominium                                     6.375                       0.375                                5.988
0080022885            Single Family                                   6.625                       0.375                                6.238
0080022887            Single Family                                       6                       0.375                                5.613
0080022888            Single Family                                    6.25                       0.375                                5.863
0080022893            Single Family                                       6                       0.375                                5.613
0080022894            Condominium                                     6.625                       0.375                                6.238
0080022895            Single Family                                    6.75                       0.375                                6.363
0080022900            Single Family                                    6.75                       0.375                                6.363
0080022901            Single Family                                   5.875                       0.375                                5.488
0080022902            Single Family                                   6.875                       0.375                                6.488
0080022906            Condominium                                      6.25                       0.375                                5.863
0080022907            PUD                                              6.25                       0.375                                5.863
0080022908            Single Family                                   6.375                       0.375                                5.988
0080022909            Single Family                                    6.25                       0.375                                5.863
0080022910            PUD                                                 5                       0.375                                4.613
0080022911            Single Family                                     6.5                       0.375                                6.113
0080022913            Single Family                                     6.5                       0.375                                6.113
0080022915            Condominium                                      7.25                       0.375                                6.863
0080022917            Single Family                                   6.375                       0.375                                5.988
0080022918            Single Family                                   6.375                       0.375                                5.988
0080022920            Condominium                                      6.25                       0.375                                5.863
0080022922            Single Family                                   6.375                       0.375                                5.988
0080022924            Single Family                                   6.375                       0.375                                5.988
0080022925            Single Family                                     6.5                       0.375                                6.113
0080022928            Single Family                                       6                       0.375                                5.613
0080022929            Single Family                                   6.375                       0.375                                5.988
0080022930            PUD                                             6.375                       0.375                                5.988
0080022931            Single Family                                   6.375                       0.375                                5.988
0080022933            Single Family                                   6.625                       0.375                                6.238
0080022934            Condominium                                     7.125                       0.375                                6.738
0080022936            Single Family                                   6.625                       0.375                                6.238
0080022937            Single Family                                     6.5                       0.375                                6.113
0080022939            Single Family                                   6.875                       0.375                                6.488
0080022942            Single Family                                     6.5                       0.375                                6.113
0080022943            Single Family                                   6.875                       0.375                                6.488
0080022944            Condominium                                       6.5                       0.375                                6.113
0080022945            Condominium                                      6.75                       0.375                                6.363
0080022948            PUD                                              6.25                       0.375                                5.863
0080022949            Condominium                                     6.625                       0.375                                6.238
0080022950            PUD                                             6.375                       0.375                                5.988
0080022952            Single Family                                    6.25                       0.375                                5.863
0080022953            Single Family                                     6.5                       0.375                                6.113
0080022954            Single Family                                       6                       0.375                                5.613
0080022955            Single Family                                     6.5                       0.375                                6.113
0080022956            Single Family                                   6.375                       0.375                                5.988
0080022957            Condominium                                     6.625                       0.375                                6.238
0080022958            Single Family                                   6.625                       0.375                                6.238
0080022959            Single Family                                     6.5                       0.375                                6.113
0080022960            Single Family                                   6.375                       0.375                                5.988
0080022961            Single Family                                   6.375                       0.375                                5.988
0080022962            Single Family                                   6.625                       0.375                                6.238
0080022964            Condominium                                     6.625                       0.375                                6.238
0080022965            PUD                                                 7                       0.375                                6.613
0080022967            Single Family                                     6.5                       0.375                                6.113
0080022968            Single Family                                   6.875                       0.375                                6.488
0080022969            Single Family                                    6.75                       0.375                                6.363
0080022970            Single Family                                   6.375                       0.375                                5.988
0080022972            Condominium                                       5.5                        0.25                                5.238
0080022973            Single Family                                       6                        0.25                                5.738
0080022974            Single Family                                    6.25                        0.25                                5.988
0080022975            PUD                                               6.5                        0.25                                6.238
0080022976            PUD                                              6.25                        0.25                                5.988
0080022978            Single Family                                       6                        0.25                                5.738
0080022979            Single Family                                     6.5                        0.25                                6.238
0080022980            Single Family                                    5.25                        0.25                                4.988
0080022981            Single Family                                   6.125                        0.25                                5.863
0080022983            Condominium                                       6.5                        0.25                                6.238
0080022984            Single Family                                   6.875                        0.25                                6.613
0080022985            Single Family                                   5.875                        0.25                                5.613
0080022986            PUD                                              6.25                        0.25                                5.988
0080022987            Single Family                                       6                        0.25                                5.738
0080022988            PUD                                                 6                        0.25                                5.738
0080022989            Single Family                                     6.5                        0.25                                6.238
0080022990            Single Family                                   5.875                        0.25                                5.613
0080022991            Single Family                                    7.25                        0.25                                6.988
0080022992            PUD                                             5.875                        0.25                                5.613
0080022993            Single Family                                     6.5                        0.25                                6.238
0080022994            Single Family                                       6                        0.25                                5.738
0080022995            Single Family                                       6                        0.25                                5.738
0080022996            Single Family                                       6                        0.25                                5.738
0080022997            2 Family                                            6                        0.25                                5.738
0080022998            Single Family                                   6.125                        0.25                                5.863
0080023000            PUD                                             5.875                        0.25                                5.613
0080023001            PUD                                             5.625                        0.25                                5.363
0080023002            Single Family                                   6.625                        0.25                                6.363
0080023003            Single Family                                   6.375                        0.25                                6.113
0080023004            Single Family                                   5.875                        0.25                                5.613
0080023005            Single Family                                     5.5                        0.25                                5.238
0080023006            Single Family                                   6.375                        0.25                                6.113
0080023007            Single Family                                    5.75                        0.25                                5.488
0080023010            Single Family                                   5.875                        0.25                                5.613
0080023011            PUD                                               5.5                        0.25                                5.238
0080023012            Single Family                                    5.75                        0.25                                5.488
0080023013            Single Family                                   6.125                        0.25                                5.863
0080023014            Single Family                                   5.875                        0.25                                5.613
0080023015            Single Family                                       6                        0.25                                5.738
0080023016            Single Family                                   5.875                        0.25                                5.613
0080023017            Single Family                                   6.125                        0.25                                5.863
0080023018            Single Family                                    5.75                        0.25                                5.488
0080023019            Single Family                                   5.875                        0.25                                5.613
0080023020            Condominium                                       6.5                        0.25                                6.238
0080023021            Single Family                                       6                        0.25                                5.738
0080023022            PUD                                             5.625                        0.25                                5.363
0080023023            Single Family                                   5.875                        0.25                                5.613
0080023024            Single Family                                   5.875                        0.25                                5.613
0080023025            PUD                                             5.875                        0.25                                5.613
0080023026            Single Family                                   5.875                        0.25                                5.613
0080023027            Single Family                                   6.375                        0.25                                6.113
0080023028            Single Family                                   6.125                        0.25                                5.863
0080023029            PUD                                               6.5                        0.25                                6.238
0080023030            Single Family                                       6                        0.25                                5.738
0080023031            Single Family                                   6.625                        0.25                                6.363
0080023032            Condominium                                     5.875                        0.25                                5.613
0080023034            PUD                                             5.875                        0.25                                5.613
0080023036            Single Family                                   6.875                        0.25                                6.613
0080023037            PUD                                              6.25                        0.25                                5.988
0080023038            Single Family                                   5.625                        0.25                                5.363
0080023039            PUD                                               6.5                        0.25                                6.238
0080023040            Single Family                                       6                        0.25                                5.738
0080023041            Single Family                                   5.875                        0.25                                5.613
0080023042            Condominium                                      6.75                        0.25                                6.488
0080023043            PUD                                                 6                        0.25                                5.738
0080023044            Single Family                                    6.25                        0.25                                5.988
0080023045            PUD                                             5.875                        0.25                                5.613
0080023046            PUD                                             5.875                        0.25                                5.613
0080023047            PUD                                              6.25                        0.25                                5.988
0080023048            Single Family                                   6.125                        0.25                                5.863
0080023049            Single Family                                    5.75                        0.25                                5.488
0080023051            Condominium                                     6.625                        0.25                                6.363
0080023052            Single Family                                       6                        0.25                                5.738
0080023053            Single Family                                    6.75                        0.25                                6.488
0080023054            Single Family                                   5.875                        0.25                                5.613
0080023055            Single Family                                       6                        0.25                                5.738
0080023056            Single Family                                   6.125                        0.25                                5.863
0080023057            Single Family                                       6                        0.25                                5.738
0080023058            Single Family                                   5.875                        0.25                                5.613
0080023059            Single Family                                       6                        0.25                                5.738
0080023060            Single Family                                   6.125                        0.25                                5.863
0080023061            Single Family                                   6.125                        0.25                                5.863
0080023062            PUD                                                 6                        0.25                                5.738
0080023063            Single Family                                       6                        0.25                                5.738
0080023064            Single Family                                       6                        0.25                                5.738
0080023065            Single Family                                       6                        0.25                                5.738
0080023066            Single Family                                   6.375                        0.25                                6.113
0080023067            Single Family                                   6.875                        0.25                                6.613
0080023068            Single Family                                   6.875                        0.25                                6.613
0080023069            Condominium                                         6                        0.25                                5.738
0080023070            Single Family                                   6.875                        0.25                                6.613
0080023071            Single Family                                     6.5                        0.25                                6.238
0080023075            Single Family                                     6.5                        0.25                                6.238
0080023076            Single Family                                    5.75                        0.25                                5.488
0080023077            Single Family                                     6.5                        0.25                                6.238
0080023079            PUD                                              5.75                        0.25                                5.488
0080023080            PUD                                             6.375                        0.25                                6.113
0080023082            PUD                                                 7                        0.25                                6.738
0080023083            Single Family                                   5.875                        0.25                                5.613
0080023084            Single Family                                       6                        0.25                                5.738
0080023085            Condominium                                     5.375                        0.25                                5.113
0080023086            PUD                                               5.5                        0.25                                5.238
0080023087            PUD                                              5.75                        0.25                                5.488
0080023088            Condominium                                     6.125                        0.25                                5.863
0080023089            Single Family                                   6.125                        0.25                                5.863
0080023090            PUD                                              5.25                        0.25                                4.988
0080023091            Condominium                                     6.125                        0.25                                5.863
0080023092            Condominium                                      6.75                        0.25                                6.488
0080023093            Condominium                                     6.375                        0.25                                6.113
0080023094            PUD                                              5.75                        0.25                                5.488
0080023095            Condominium                                      6.25                        0.25                                5.988
0080023096            Single Family                                     6.5                        0.25                                6.238
0080023097            Single Family                                    5.75                        0.25                                5.488
0080023098            Single Family                                     5.5                        0.25                                5.238
0080023099            PUD                                              6.25                        0.25                                5.988
0080023100            Single Family                                   5.375                        0.25                                5.113
0080023101            PUD                                             5.875                        0.25                                5.613
0080023102            Single Family                                   6.375                        0.25                                6.113
0080023103            PUD                                             6.375                        0.25                                6.113
0080023104            Single Family                                    6.75                        0.25                                6.488
0080023105            Single Family                                     5.5                        0.25                                5.238
0080023106            Condominium                                      5.75                        0.25                                5.488
0080023107            Single Family                                       6                        0.25                                5.738
0080023108            PUD                                             6.375                        0.25                                6.113
0080023109            Single Family                                    6.25                        0.25                                5.988
0080023110            Single Family                                   5.875                        0.25                                5.613
0080023111            Single Family                                   6.375                        0.25                                6.113
0080023112            Condominium                                     6.125                        0.25                                5.863
0080023113            Single Family                                   6.625                        0.25                                6.363
0080023114            PUD                                              5.75                        0.25                                5.488
0080023115            Single Family                                    6.25                        0.25                                5.988
0080023116            Condominium                                     6.125                        0.25                                5.863
0080023117            2 Family                                        5.875                        0.25                                5.613
0080023119            PUD                                              6.25                        0.25                                5.988
0080023120            Single Family                                    5.75                        0.25                                5.488
0080023121            Condominium                                      5.75                        0.25                                5.488
0080023122            Single Family                                     6.5                        0.25                                6.238
0080023123            PUD                                             6.125                        0.25                                5.863
0080023124            Single Family                                       6                        0.25                                5.738
0080023125            Single Family                                    6.75                        0.25                                6.488
0080023126            Single Family                                       6                        0.25                                5.738
0080023128            Single Family                                    6.25                        0.25                                5.988
0080023129            Single Family                                       6                        0.25                                5.738
0080023130            Single Family                                    5.75                        0.25                                5.488
0080023131            Single Family                                   6.125                        0.25                                5.863
0080023132            Single Family                                    6.25                        0.25                                5.988
0080023134            Single Family                                   5.875                        0.25                                5.613
0080023135            Single Family                                     6.5                        0.25                                6.238
0080023136            PUD                                               5.5                        0.25                                5.238
0080023137            Single Family                                   6.375                        0.25                                6.113
0080023138            Single Family                                   6.875                        0.25                                6.613
0080023139            Condominium                                      6.75                        0.25                                6.488
0080023140            Condominium                                     6.375                        0.25                                6.113
0080023141            Single Family                                     6.5                        0.25                                6.238
0080023142            Condominium                                     5.875                        0.25                                5.613
0080023143            Condominium                                       6.5                        0.25                                6.238
0080023144            Condominium                                     6.125                        0.25                                5.863
0080023145            PUD                                              5.75                        0.25                                5.488
0080023146            PUD                                              6.25                        0.25                                5.988
0080023147            Single Family                                     6.5                        0.25                                6.238
0080023148            Condominium                                      5.75                        0.25                                5.488
0080023149            Single Family                                   5.875                        0.25                                5.613
0080023150            PUD                                             6.125                        0.25                                5.863
0080023151            Single Family                                    6.25                        0.25                                5.988
0080023152            PUD                                             5.875                        0.25                                5.613
0080023154            Single Family                                   5.875                        0.25                                5.613
0080023155            Condominium                                         6                        0.25                                5.738
0080023156            PUD                                             6.625                        0.25                                6.363
0080023157            Single Family                                    5.75                        0.25                                5.488
0080023158            Single Family                                   5.875                        0.25                                5.613
0080023159            Single Family                                   5.875                        0.25                                5.613
0080023160            PUD                                             6.375                        0.25                                6.113
0080023161            PUD                                                 6                        0.25                                5.738
0080023162            Condominium                                     5.375                        0.25                                5.113
0080023163            PUD                                              7.25                        0.25                                6.988
0080023261            Condominium                                     5.875                       0.375                                5.488
0080023262            Single Family                                    6.75                       0.375                                6.363
0080023263            Single Family                                    5.75                       0.375                                5.363
0080023264            Single Family                                    5.75                       0.375                                5.363
0080023266            Single Family                                    6.25                       0.375                                5.863
0080023269            Condominium                                      6.75                       0.375                                6.363
0080023270            Single Family                                   6.125                       0.375                                5.738
0080023271            Single Family                                    6.75                       0.375                                6.363
0080023274            Single Family                                   6.125                       0.375                                5.738
0080023275            Single Family                                       6                       0.375                                5.613
0080023277            Single Family                                   5.625                       0.375                                5.238
0080023280            Single Family                                    6.25                       0.375                                5.863
0080023282            Single Family                                     6.5                       0.375                                6.113
0080023285            Condominium                                         6                       0.375                                5.613
0080023287            Single Family                                     6.5                       0.375                                6.113
0080023289            Single Family                                    6.25                       0.375                                5.863
0080023291            Single Family                                   6.375                       0.375                                5.988
0080023292            Single Family                                   6.125                       0.375                                5.738
0080023293            PUD                                             6.125                       0.375                                5.738
0080023294            Single Family                                       6                       0.375                                5.613
0080023295            Single Family                                   6.375                       0.375                                5.988
0080023296            Single Family                                       6                       0.375                                5.613
0080023297            Single Family                                    6.25                       0.375                                5.863
0080023298            Single Family                                   5.875                       0.375                                5.488
0080023299            Single Family                                     6.5                       0.375                                6.113
0080023300            PUD                                             6.125                       0.375                                5.738
0080023301            Single Family                                   6.375                       0.375                                5.988
0080023302            Single Family                                   5.875                       0.375                                5.488
0080023303            Single Family                                   6.625                       0.375                                6.238
0080023304            2 Family                                        6.375                       0.375                                5.988
0080023305            Single Family                                     5.5                       0.375                                5.113
0080023306            Single Family                                   6.375                       0.375                                5.988
0080023307            Single Family                                   6.125                       0.375                                5.738
0080023308            Single Family                                   6.375                       0.375                                5.988
0080023309            Single Family                                       7                       0.375                                6.613
0080023310            Single Family                                       6                       0.375                                5.613
0080023311            Single Family                                    6.25                       0.375                                5.863
0080023312            Single Family                                   6.375                       0.375                                5.988
0080023313            Single Family                                     6.5                       0.375                                6.113
0080023314            Single Family                                    6.25                       0.375                                5.863
0080023315            Single Family                                    6.75                       0.375                                6.363
0080023316            Single Family                                   6.125                       0.375                                5.738
0080023317            Single Family                                   6.375                       0.375                                5.988
0080023318            Single Family                                    6.25                       0.375                                5.863
0080023319            PUD                                              6.75                       0.375                                6.363
0080023320            Single Family                                   6.375                       0.375                                5.988
0080023321            Single Family                                    6.25                       0.375                                5.863
0080023322            Single Family                                    6.25                       0.375                                5.863
0080023323            Single Family                                     6.5                       0.375                                6.113
0080023324            Single Family                                   6.375                       0.375                                5.988
0080023325            Single Family                                   6.375                       0.375                                5.988
0080023326            Condominium                                      6.25                       0.375                                5.863
0080023327            Single Family                                   5.875                       0.375                                5.488
0080023328            PUD                                              6.25                       0.375                                5.863
0080023329            PUD                                             6.125                       0.375                                5.738
0080023331            Single Family                                    6.25                       0.375                                5.863
0080023332            Single Family                                   6.625                       0.375                                6.238
0080023333            Condominium                                       6.5                       0.375                                6.113
0080023334            Single Family                                     6.5                       0.375                                6.113
0080023335            Single Family                                    6.75                       0.375                                6.363
0080023336            PUD                                               6.5                       0.375                                6.113
0080023337            Single Family                                     6.5                       0.375                                6.113

Loan Number                     Original Term to Maturity    Maturity Date                Remaining Term to Maturity            Original Principal Balance
0080014102                                            360      6/1/2035                                          339                            153,600.00
0080014285                                            360      8/1/2035                                          341                            315,000.00
0080014896                                            360      10/1/2035                                         343                            650,000.00
0080014915                                            360      9/1/2035                                          342                            284,000.00
0080014921                                            360      9/1/2035                                          342                            339,500.00
0080014928                                            360      9/1/2035                                          342                            108,000.00
0080014937                                            360      10/1/2035                                         343                            500,000.00
0080014993                                            360      10/1/2035                                         343                            472,000.00
0080015005                                            360      10/1/2035                                         343                            401,600.00
0080015013                                            360      10/1/2035                                         343                            640,000.00
0080015014                                            360      10/1/2035                                         343                            372,000.00
0080015027                                            360      10/1/2035                                         343                            543,200.00
0080015034                                            360      10/1/2035                                         343                            400,000.00
0080015038                                            360      10/1/2035                                         343                            400,000.00
0080015044                                            360      10/1/2035                                         343                            382,000.00
0080015050                                            360      10/1/2035                                         343                            590,000.00
0080015051                                            360      10/1/2035                                         343                            375,000.00
0080015061                                            360      10/1/2035                                         343                            625,000.00
0080015070                                            360      10/1/2035                                         343                            550,000.00
0080015073                                            360      10/1/2035                                         343                            373,000.00
0080015078                                            360      10/1/2035                                         343                            470,000.00
0080015170                                            360      9/1/2035                                          342                            352,500.00
0080015213                                            360      10/1/2035                                         343                            776,250.00
0080018067                                            360      4/1/2036                                          349                            201,300.00
0080018070                                            360      4/1/2036                                          349                            238,650.00
0080018078                                            360      4/1/2036                                          349                            251,000.00
0080018101                                            360      4/1/2036                                          349                            209,385.00
0080018143                                            360      4/1/2036                                          349                            734,000.00
0080018149                                            360      4/1/2036                                          349                            318,500.00
0080018153                                            360      4/1/2036                                          349                            450,000.00
0080018169                                            360      3/1/2036                                          348                            825,000.00
0080018170                                            360      10/1/2035                                         343                            500,000.00
0080018171                                            360      11/1/2035                                         344                            448,000.00
0080018173                                            360      3/1/2036                                          348                            236,600.00
0080018174                                            360      3/1/2036                                          348                            656,000.00
0080018175                                            360      4/1/2036                                          349                            343,460.00
0080018177                                            360      4/1/2036                                          349                          1,425,000.00
0080018178                                            360      4/1/2036                                          349                            333,596.00
0080018179                                            360      4/1/2036                                          349                            480,000.00
0080018181                                            360      4/1/2036                                          349                            336,950.00
0080018182                                            360      4/1/2036                                          349                            260,720.00
0080018183                                            360      4/1/2036                                          349                            225,600.00
0080018184                                            360      4/1/2036                                          349                            242,400.00
0080018186                                            360      4/1/2036                                          349                            264,000.00
0080018187                                            360      4/1/2036                                          349                            937,500.00
0080018188                                            360      4/1/2036                                          349                            614,000.00
0080018189                                            360      4/1/2036                                          349                            289,700.00
0080018190                                            360      4/1/2036                                          349                            397,500.00
0080018192                                            360      4/1/2036                                          349                            504,000.00
0080018194                                            360      4/1/2036                                          349                            816,000.00
0080018196                                            360      4/1/2036                                          349                            625,800.00
0080018197                                            360      4/1/2036                                          349                            679,992.00
0080018198                                            360      4/1/2036                                          349                            411,200.00
0080018199                                            360      4/1/2036                                          349                            855,000.00
0080018200                                            360      4/1/2036                                          349                            560,000.00
0080018201                                            360      4/1/2036                                          349                            506,000.00
0080018205                                            360      3/1/2036                                          348                            500,000.00
0080018206                                            360      4/1/2036                                          349                            639,300.00
0080018207                                            360      4/1/2036                                          349                            312,000.00
0080018208                                            360      4/1/2036                                          349                            650,000.00
0080018209                                            360      4/1/2036                                          349                            975,000.00
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0080022402                                            360      8/1/2036                                          353                            560,000.00
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0080022943                                            360      8/1/2036                                          353                            650,000.00
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0080022974                                            360      1/1/2037                                          358                          1,000,000.00
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0080023071                                            360      12/1/2036                                         357                            650,000.00
0080023075                                            360      12/1/2036                                         357                          1,000,000.00
0080023076                                            360      1/1/2037                                          358                            384,000.00
0080023077                                            360      1/1/2037                                          358                          1,000,000.00
0080023079                                            360      11/1/2036                                         356                            388,800.00
0080023080                                            360      12/1/2036                                         357                            468,000.00
0080023082                                            360      12/1/2036                                         357                            485,350.00
0080023083                                            360      2/1/2037                                          359                            648,000.00
0080023084                                            360      12/1/2036                                         357                            660,000.00
0080023085                                            360      1/1/2037                                          358                            704,000.00
0080023086                                            360      1/1/2037                                          358                            460,000.00
0080023087                                            360      1/1/2037                                          358                            232,000.00
0080023088                                            360      2/1/2037                                          359                            512,000.00
0080023089                                            360      1/1/2037                                          358                            458,577.00
0080023090                                            360      12/1/2036                                         357                            242,000.00
0080023091                                            360      2/1/2037                                          359                          1,000,000.00
0080023092                                            360      1/1/2037                                          358                            439,900.00
0080023093                                            360      11/1/2036                                         356                            922,500.00
0080023094                                            360      12/1/2036                                         357                            402,100.00
0080023095                                            360      2/1/2037                                          359                            372,000.00
0080023096                                            360      1/1/2037                                          358                            404,000.00
0080023097                                            360      12/1/2036                                         357                            170,000.00
0080023098                                            360      11/1/2036                                         356                            472,500.00
0080023099                                            360      1/1/2037                                          358                            435,000.00
0080023100                                            360      12/1/2036                                         357                            207,000.00
0080023101                                            360      1/1/2037                                          358                          1,040,000.00
0080023102                                            360      12/1/2036                                         357                            535,500.00
0080023103                                            360      1/1/2037                                          358                            464,000.00
0080023104                                            360      1/1/2037                                          358                            700,000.00
0080023105                                            360      1/1/2037                                          358                            435,200.00
0080023106                                            360      12/1/2036                                         357                            203,040.00
0080023107                                            360      2/1/2037                                          359                            117,800.00
0080023108                                            360      1/1/2037                                          358                            678,500.00
0080023109                                            360      2/1/2037                                          359                            750,000.00
0080023110                                            360      1/1/2037                                          358                            615,000.00
0080023111                                            360      12/1/2036                                         357                            448,000.00
0080023112                                            360      1/1/2037                                          358                            287,500.00
0080023113                                            360      1/1/2037                                          358                            961,000.00
0080023114                                            360      12/1/2036                                         357                            864,000.00
0080023115                                            360      1/1/2037                                          358                            544,000.00
0080023116                                            360      2/1/2037                                          359                            169,300.00
0080023117                                            360      1/1/2037                                          358                            318,750.00
0080023119                                            360      1/1/2037                                          358                            405,000.00
0080023120                                            360      12/1/2036                                         357                            800,000.00
0080023121                                            360      12/1/2036                                         357                            248,000.00
0080023122                                            360      1/1/2037                                          358                            720,000.00
0080023123                                            360      1/1/2037                                          358                            280,000.00
0080023124                                            360      12/1/2036                                         357                            500,000.00
0080023125                                            360      12/1/2036                                         357                            280,000.00
0080023126                                            360      1/1/2037                                          358                            199,750.00
0080023128                                            360      1/1/2037                                          358                            480,000.00
0080023129                                            360      1/1/2037                                          358                            417,000.00
0080023130                                            360      12/1/2036                                         357                            624,000.00
0080023131                                            360      1/1/2037                                          358                            836,000.00
0080023132                                            360      1/1/2037                                          358                            279,000.00
0080023134                                            360      1/1/2037                                          358                            535,000.00
0080023135                                            360      2/1/2037                                          359                            435,000.00
0080023136                                            360      1/1/2037                                          358                            716,000.00
0080023137                                            360      2/1/2037                                          359                            890,000.00
0080023138                                            360      1/1/2037                                          358                            465,000.00
0080023139                                            360      1/1/2037                                          358                            443,200.00
0080023140                                            360      1/1/2037                                          358                            291,500.00
0080023141                                            360      1/1/2037                                          358                            372,000.00
0080023142                                            360      1/1/2037                                          358                            462,000.00
0080023143                                            360      1/1/2037                                          358                            233,800.00
0080023144                                            360      1/1/2037                                          358                            205,200.00
0080023145                                            360      1/1/2037                                          358                            220,000.00
0080023146                                            360      1/1/2037                                          358                            311,186.00
0080023147                                            360      2/1/2037                                          359                            515,000.00
0080023148                                            360      1/1/2037                                          358                            164,000.00
0080023149                                            360      1/1/2037                                          358                            525,000.00
0080023150                                            360      1/1/2037                                          358                            672,000.00
0080023151                                            360      1/1/2037                                          358                            626,000.00
0080023152                                            360      1/1/2037                                          358                            461,600.00
0080023154                                            360      1/1/2037                                          358                            485,000.00
0080023155                                            360      1/1/2037                                          358                            500,000.00
0080023156                                            360      1/1/2037                                          358                            288,000.00
0080023157                                            360      1/1/2037                                          358                            440,000.00
0080023158                                            360      1/1/2037                                          358                            450,000.00
0080023159                                            360      1/1/2037                                          358                          1,100,000.00
0080023160                                            360      2/1/2037                                          359                            437,250.00
0080023161                                            360      1/1/2037                                          358                            425,000.00
0080023162                                            360      1/1/2037                                          358                            588,000.00
0080023163                                            360      1/1/2037                                          358                            370,000.00
0080023261                                            360      11/1/2036                                         356                            589,600.00
0080023262                                            360      12/1/2036                                         357                            550,000.00
0080023263                                            360      1/1/2037                                          358                            800,000.00
0080023264                                            360      12/1/2036                                         357                            960,000.00
0080023266                                            360      8/1/2036                                          353                            600,000.00
0080023269                                            360      12/1/2036                                         357                            500,000.00
0080023270                                            360      11/1/2036                                         356                            500,000.00
0080023271                                            360      10/1/2036                                         355                            639,000.00
0080023274                                            360      10/1/2036                                         355                            543,000.00
0080023275                                            360      10/1/2036                                         355                            668,000.00
0080023277                                            360      1/1/2037                                          358                            496,000.00
0080023280                                            360      12/1/2036                                         357                            560,000.00
0080023282                                            360      12/1/2036                                         357                            590,000.00
0080023285                                            360      12/1/2036                                         357                            440,000.00
0080023287                                            360      12/1/2036                                         357                            960,000.00
0080023289                                            360      12/1/2036                                         357                            584,000.00
0080023291                                            360      12/1/2036                                         357                            697,000.00
0080023292                                            360      1/1/2037                                          358                            920,000.00
0080023293                                            360      12/1/2036                                         357                            568,000.00
0080023294                                            360      1/1/2037                                          358                            507,000.00
0080023295                                            360      2/1/2037                                          359                            682,500.00
0080023296                                            360      1/1/2037                                          358                            984,000.00
0080023297                                            360      2/1/2037                                          359                            507,870.00
0080023298                                            360      2/1/2037                                          359                            531,000.00
0080023299                                            360      2/1/2037                                          359                          1,488,000.00
0080023300                                            360      2/1/2037                                          359                            740,000.00
0080023301                                            360      2/1/2037                                          359                            540,000.00
0080023302                                            360      2/1/2037                                          359                            700,000.00
0080023303                                            360      9/1/2036                                          354                            492,000.00
0080023304                                            360      10/1/2036                                         355                            560,000.00
0080023305                                            360      1/1/2037                                          358                            935,000.00
0080023306                                            360      12/1/2036                                         357                            475,920.00
0080023307                                            360      11/1/2036                                         356                            425,000.00
0080023308                                            360      12/1/2036                                         357                            782,000.00
0080023309                                            360      12/1/2036                                         357                            959,200.00
0080023310                                            360      11/1/2036                                         356                            792,000.00
0080023311                                            360      12/1/2036                                         357                            624,500.00
0080023312                                            360      12/1/2036                                         357                            446,000.00
0080023313                                            360      12/1/2036                                         357                            571,200.00
0080023314                                            360      2/1/2037                                          359                          1,500,000.00
0080023315                                            360      12/1/2036                                         357                            640,000.00
0080023316                                            360      12/1/2036                                         357                            962,500.00
0080023317                                            360      12/1/2036                                         357                            499,800.00
0080023318                                            360      12/1/2036                                         357                            448,000.00
0080023319                                            360      12/1/2036                                         357                            642,000.00
0080023320                                            360      1/1/2037                                          358                            558,000.00
0080023321                                            360      12/1/2036                                         357                            489,900.00
0080023322                                            360      1/1/2037                                          358                            490,000.00
0080023323                                            360      1/1/2037                                          358                            480,000.00
0080023324                                            360      12/1/2036                                         357                            850,000.00
0080023325                                            264      1/1/2029                                          262                            447,300.00
0080023326                                            360      1/1/2037                                          358                          1,000,000.00
0080023327                                            360      1/1/2037                                          358                            480,000.00
0080023328                                            360      1/1/2037                                          358                            553,058.00
0080023329                                            360      2/1/2037                                          359                            540,543.00
0080023331                                            360      2/1/2037                                          359                            492,750.00
0080023332                                            360      12/1/2036                                         357                            845,650.00
0080023333                                            360      1/1/2037                                          358                            524,000.00
0080023334                                            360      12/1/2036                                         357                            649,998.00
0080023335                                            360      12/1/2036                                         357                            472,000.00
0080023336                                            360      12/1/2036                                         357                            648,000.00
0080023337                                            360      1/1/2037                                          358                            460,000.00

Loan Number               First Payment Date                   Scheduled P&I Payment             Scheduled Principal Balance             Loan to Value Ratio at Origination
0080014102                     7/1/2005                                          672                              153,598.00                                             80
0080014285                     9/1/2005                                     1,443.75                              315,000.00                                          73.26
0080014896                     11/1/2005                                    2,911.46                              649,000.00                                          68.42
0080014915                     10/1/2005                                    1,242.50                              284,000.00                                             80
0080014921                     10/1/2005                                    1,662.14                              337,012.14                                          75.44
0080014928                     10/1/2005                                      483.75                              107,977.42                                             80
0080014937                     11/1/2005                                    2,395.83                              499,746.83                                             80
0080014993                     11/1/2005                                    2,310.83                              471,636.62                                             80
0080015005                     11/1/2005                                    1,966.17                              400,750.25                                             80
0080015013                     11/1/2005                                    3,066.67                              640,000.00                                          69.19
0080015014                     11/1/2005                                    1,821.25                              371,830.80                                             60
0080015027                     11/1/2005                                    2,659.42                              543,200.00                                             70
0080015034                     11/1/2005                                    1,958.33                              399,642.55                                          66.78
0080015038                     11/1/2005                                    1,875.00                              399,999.47                                          68.38
0080015044                     11/1/2005                                    2,199.01                              375,231.02                                          59.69
0080015050                     11/1/2005                                    3,258.01                              574,292.89                                          66.29
0080015051                     11/1/2005                                    1,796.88                              374,892.71                                          68.18
0080015061                     11/1/2005                                    3,499.83                              572,666.07                                          52.08
0080015070                     11/1/2005                                    2,520.83                              550,000.00                                             50
0080015073                     11/1/2005                                    2,088.70                              366,083.06                                          52.17
0080015078                     11/1/2005                                    2,780.23                              461,736.47                                          66.67
0080015170                     10/1/2005                                    1,762.50                              352,500.00                                             75
0080015213                     11/1/2005                                    3,962.11                              776,250.00                                          75.36
0080018067                     5/1/2006                                     1,027.47                              201,292.71                                          79.98
0080018070                     5/1/2006                                     1,093.81                              238,650.00                                          79.99
0080018078                     5/1/2006                                     1,307.29                              251,000.00                                          79.94
0080018101                     5/1/2006                                     1,272.25                              207,302.47                                             90
0080018143                     5/1/2006                                     3,670.00                              734,000.00                                          69.89
0080018149                     5/1/2006                                     1,526.15                              317,726.57                                             70
0080018153                     5/1/2006                                     2,296.88                              449,142.25                                          69.66
0080018169                     4/1/2006                                     5,079.67                              816,161.49                                           77.1
0080018170                     11/1/2005                                    2,291.67                              499,715.91                                          41.67
0080018171                     12/1/2005                                    2,193.33                              448,000.00                                          52.71
0080018173                     4/1/2006                                     1,232.29                              236,600.00                                          71.78
0080018174                     4/1/2006                                     3,348.33                              652,051.62                                             80
0080018175                     5/1/2006                                     1,717.30                              343,087.75                                             80
0080018177                     5/1/2006                                     7,421.88                            1,425,000.00                                          59.38
0080018178                     5/1/2006                                     1,702.73                              333,596.00                                             80
0080018179                     5/1/2006                                     2,350.00                              474,732.86                                             80
0080018181                     5/1/2006                                     1,754.95                              336,949.95                                          79.99
0080018182                     5/1/2006                                     1,605.30                              258,083.22                                             80
0080018183                     5/1/2006                                     1,370.77                              223,356.26                                             80
0080018184                     5/1/2006                                     1,186.75                              240,996.56                                             80
0080018186                     5/1/2006                                     1,320.00                              263,761.80                                             80
0080018187                     5/1/2006                                     4,882.81                              937,500.00                                             75
0080018188                     5/1/2006                                     3,681.25                              607,748.12                                             80
0080018189                     5/1/2006                                     1,418.32                              289,700.00                                          48.28
0080018190                     5/1/2006                                     2,447.48                              393,638.68                                          66.81
0080018192                     5/1/2006                                     3,103.22                              499,104.16                                             80
0080018194                     5/1/2006                                     3,995.00                              816,000.00                                             80
0080018196                     5/1/2006                                     3,194.19                              625,800.00                                             70
0080018197                     5/1/2006                                     4,131.71                              673,228.93                                             80
0080018198                     5/1/2006                                     2,098.83                              411,200.00                                             80
0080018199                     5/1/2006                                     4,453.13                              854,986.62                                          72.77
0080018200                     5/1/2006                                     2,916.67                              560,000.00                                             70
0080018201                     5/1/2006                                     2,635.42                              503,228.98                                          70.87
0080018205                     4/1/2006                                     2,447.92                              499,877.60                                          47.62
0080018206                     5/1/2006                                     3,196.50                              639,300.00                                          63.93
0080018207                     5/1/2006                                     1,625.00                              312,000.00                                             80
0080018208                     5/1/2006                                     3,385.42                              645,166.12                                          53.28
0080018209                     5/1/2006                                     4,773.44                              975,000.00                                             75
0080018211                     5/1/2006                                     3,816.41                              621,853.03                                             80
0080018214                     5/1/2006                                     1,992.67                              390,400.00                                             80
0080018215                     5/1/2006                                     2,291.67                              440,000.00                                          60.27
0080018217                     5/1/2006                                     1,965.10                              384,065.15                                          63.64
0080018218                     5/1/2006                                     2,856.93                              459,492.72                                             80
0080018220                     5/1/2006                                     1,745.63                              341,978.40                                          79.91
0080018222                     5/1/2006                                     1,858.00                              371,600.00                                             80
0080018224                     5/1/2006                                     3,385.42                              650,000.00                                          78.79
0080018225                     5/1/2006                                     3,253.46                              544,267.32                                          47.83
0080018655                     11/1/2003                                    2,610.70                              569,608.20                                          58.76
0080018826                     7/1/2005                                     2,062.03                              449,896.87                                          78.95
0080018953                     4/1/2006                                     2,152.50                              492,000.00                                             80
0080022205                     9/1/2006                                     1,767.16                              446,440.00                                             80
0080022207                     4/1/2006                                     4,882.99                              848,414.98                                             80
0080022208                     6/1/2006                                     3,170.64                              530,250.04                                             80
0080022210                     7/1/2006                                     2,993.41                              514,901.97                                             80
0080022212                     8/1/2006                                     5,208.33                              300,000.00                                          76.92
0080022213                     6/1/2006                                     2,175.42                              454,000.00                                             80
0080022214                     8/1/2006                                     1,973.88                              440,680.00                                          79.86
0080022215                     9/1/2006                                     2,441.67                              301,771.69                                             80
0080022217                     9/1/2006                                     3,472.43                              700,272.00                                             80
0080022218                     9/1/2006                                     5,334.08                              860,201.61                                             80
0080022220                     8/1/2006                                     6,362.50                            1,272,194.68                                          71.79
0080022222                     8/1/2006                                     5,640.10                            1,103,055.75                                             65
0080022225                     7/1/2006                                     5,416.67                            1,000,000.00                                             80
0080022226                     7/1/2006                                     4,687.50                              898,421.14                                          63.51
0080022227                     7/1/2006                                     3,013.50                              590,400.00                                             80
0080022228                     9/1/2006                                     6,278.24                              904,068.05                                             60
0080022231                     8/1/2006                                     3,859.38                              712,500.00                                             75
0080022232                     8/1/2006                                     2,391.20                              468,462.32                                             80
0080022236                     8/1/2006                                     5,208.33                              998,465.53                                          64.52
0080022241                     8/1/2006                                     8,166.67                            1,599,999.99                                             50
0080022244                     9/1/2006                                     5,416.67                            1,000,000.00                                          63.66
0080022245                     8/1/2006                                     2,654.17                              490,000.00                                             70
0080022249                     10/1/2006                                    8,632.81                            1,625,000.00                                             65
0080022252                     10/1/2006                                    3,681.56                              693,000.00                                             70
0080022253                     5/1/2006                                     3,304.69                              675,000.00                                             75
0080022255                     5/1/2006                                     2,325.52                              475,000.00                                          79.17
0080022256                     5/1/2006                                     2,404.05                              512,167.20                                             80
0080022258                     7/1/2006                                     2,048.75                              446,993.69                                          67.22
0080022259                     8/1/2006                                     3,671.87                              750,000.00                                          68.49
0080022260                     8/1/2006                                     3,656.21                              762,725.05                                             80
0080022261                     7/1/2006                                     3,450.42                              676,000.00                                             80
0080022262                     9/1/2006                                     3,021.26                              499,452.41                                             80
0080022268                     8/1/2006                                     3,346.88                              622,000.00                                             70
0080022270                     7/1/2006                                     3,601.95                              579,605.26                                             75
0080022274                     7/1/2006                                     3,571.88                              633,772.73                                           69.1
0080022275                     8/1/2006                                     2,473.33                              448,000.00                                             80
0080022276                     8/1/2006                                     3,750.00                              717,818.22                                          37.89
0080022277                     8/1/2006                                     2,462.60                              503,000.00                                          77.98
0080022278                     8/1/2006                                     3,750.00                              297,750.00                                             60
0080022283                     8/1/2006                                     3,547.50                              619,200.00                                             80
0080022285                     10/1/2006                                    3,362.67                              620,650.00                                             80
0080022289                     8/1/2006                                     2,817.76                              588,055.00                                             80
0080022290                     8/1/2006                                     3,003.27                              554,366.27                                             80
0080022294                     9/1/2006                                     3,582.07                              497,481.29                                          58.69
0080022295                     9/1/2006                                     2,621.50                              513,600.00                                             80
0080022297                     9/1/2006                                     2,434.17                              507,911.80                                             80
0080022298                     9/1/2006                                     4,325.00                              863,055.58                                          64.07
0080022299                     8/1/2006                                     3,072.92                              500,000.00                                          18.76
0080022300                     8/1/2006                                     2,979.17                              520,000.00                                             80
0080022301                     9/1/2006                                     3,777.19                              711,000.00                                          79.89
0080022302                     9/1/2006                                     2,715.42                              532,000.00                                             80
0080022303                     8/1/2006                                     3,316.50                              589,434.17                                             80
0080022313                     8/1/2006                                     3,236.98                              565,000.00                                          78.47
0080022314                     8/1/2006                                     3,307.50                              582,231.55                                             80
0080022315                     8/1/2006                                     3,321.00                              590,400.00                                             80
0080022318                     9/1/2006                                     2,539.58                              459,935.02                                             80
0080022321                     8/1/2006                                     2,452.50                              436,000.00                                             80
0080022325                     9/1/2006                                     2,925.00                              520,000.00                                             80
0080022327                     10/1/2006                                    3,982.50                              648,000.00                                             80
0080022329                     9/1/2006                                     2,477.86                              432,500.00                                          79.91
0080022333                     9/1/2006                                     2,707.25                              464,100.00                                             80
0080022339                     9/1/2006                                     5,512.50                              980,000.00                                             70
0080022343                     9/1/2006                                     2,587.50                              460,000.00                                             80
0080022344                     9/1/2006                                     2,409.92                              420,640.00                                             80
0080022345                     9/1/2006                                     2,572.92                              475,000.00                                          73.64
0080022346                     10/1/2006                                    3,723.96                              650,000.00                                          63.73
0080022347                     9/1/2006                                     2,475.00                              440,000.00                                             80
0080022349                     10/1/2006                                    3,091.46                              539,599.64                                          79.35
0080022352                     9/1/2006                                     2,706.67                              447,970.00                                             80
0080022358                     8/1/2006                                     2,890.49                              436,982.76                                             80
0080022359                     8/1/2006                                     3,498.75                              622,000.00                                          79.99
0080022360                     8/1/2006                                     2,741.67                              560,000.00                                             80
0080022363                     9/1/2006                                     3,036.46                              550,000.00                                          65.09
0080022364                     9/1/2006                                     2,891.25                              508,058.56                                          29.37
0080022367                     10/1/2006                                    3,254.17                              568,000.00                                             80
0080022369                     10/1/2006                                    4,598.50                              696,420.58                                          53.85
0080022370                     8/1/2006                                     2,452.50                              436,000.00                                             80
0080022372                     9/1/2006                                     2,526.75                              449,200.00                                             80
0080022373                     8/1/2006                                     2,801.31                              471,800.00                                          79.99
0080022374                     8/1/2006                                     2,989.69                              531,500.00                                          78.74
0080022375                     9/1/2006                                     2,520.83                              440,000.00                                          73.33
0080022376                     8/1/2006                                     4,251.66                              659,221.82                                             80
0080022377                     8/1/2006                                     3,242.71                              566,000.00                                             80
0080022378                     7/1/2006                                     3,231.65                              574,516.00                                          79.57
0080022379                     8/1/2006                                     2,720.00                              512,000.00                                             80
0080022380                     8/1/2006                                     3,125.00                              600,000.00                                          52.17
0080022381                     8/1/2006                                     3,867.19                              669,193.36                                             75
0080022382                     9/1/2006                                     3,208.33                              559,940.00                                             80
0080022384                     9/1/2006                                     4,216.64                              749,625.00                                             75
0080022386                     8/1/2006                                     3,630.50                              657,600.00                                             80
0080022387                     9/1/2006                                     2,614.50                              464,800.00                                             80
0080022389                     8/1/2006                                     2,542.03                              443,700.00                                             80
0080022393                     9/1/2006                                     3,437.50                              600,000.00                                          68.57
0080022395                     9/1/2006                                     2,630.83                              459,200.00                                             80
0080022396                     8/1/2006                                     2,658.33                              440,000.00                                          73.33
0080022397                     9/1/2006                                     3,326.52                              495,559.04                                          70.44
0080022398                     9/1/2006                                     2,383.33                              438,764.21                                          79.85
0080022399                     8/1/2006                                     2,241.88                              422,000.00                                          59.44
0080022400                     9/1/2006                                     3,025.00                              528,000.00                                          72.33
0080022401                     9/1/2006                                     2,496.67                              428,000.00                                             80
0080022402                     9/1/2006                                     3,150.00                              560,000.00                                             80
0080022403                     8/1/2006                                     4,084.96                              609,890.48                                          74.89
0080022404                     9/1/2006                                     2,864.58                              500,000.00                                             80
0080022406                     9/1/2006                                     2,473.33                              444,500.00                                             80
0080022407                     9/1/2006                                     2,975.00                              509,999.25                                             80
0080022408                     9/1/2006                                     2,556.75                              437,769.42                                             80
0080022409                     9/1/2006                                     3,825.36                              667,200.00                                             80
0080022410                     10/1/2006                                    2,823.33                              492,800.00                                             80
0080022411                     10/1/2006                                    2,918.70                              447,642.36                                          72.58
0080022413                     10/1/2006                                    3,126.67                              535,906.46                                             80
0080022414                     9/1/2006                                     2,853.84                              507,350.00                                             80
0080022415                     9/1/2006                                     2,340.83                              424,000.00                                             80
0080022416                     9/1/2006                                     2,746.02                              537,995.00                                             80
0080022417                     9/1/2006                                     2,767.50                              491,793.40                                             80
0080022418                     10/1/2006                                    3,020.83                              500,000.00                                             80
0080022419                     10/1/2006                                    2,371.75                              429,500.00                                             80
0080022420                     8/1/2006                                     2,622.40                              475,000.00                                          54.29
0080022421                     7/1/2006                                     2,545.83                              469,850.00                                          75.81
0080022422                     8/1/2006                                     2,781.00                              494,378.40                                             80
0080022423                     10/1/2006                                    3,645.83                              624,999.96                                          29.76
0080022424                     7/1/2006                                     2,567.19                              435,493.06                                             62
0080022425                     9/1/2006                                     3,918.75                              684,000.00                                             80
0080022426                     9/1/2006                                     3,227.17                              500,835.28                                             80
0080022427                     7/1/2006                                     2,418.54                              446,500.00                                          72.02
0080022428                     9/1/2006                                     3,625.00                              695,943.10                                             80
0080022429                     9/1/2006                                     2,878.20                              511,680.00                                             80
0080022430                     8/1/2006                                     2,698.21                              307,340.41                                          67.28
0080022431                     9/1/2006                                     2,484.38                              448,000.00                                          70.31
0080022432                     10/1/2006                                    3,373.05                              588,750.00                                          72.24
0080022433                     8/1/2006                                     2,950.52                              488,872.43                                          62.93
0080022434                     8/1/2006                                     3,037.50                              540,000.00                                             80
0080022435                     9/1/2006                                     3,027.86                              528,500.00                                          48.49
0080022436                     8/1/2006                                     3,551.44                              655,650.00                                             80
0080022437                     8/1/2006                                     3,024.00                              537,600.00                                             80
0080022439                     10/1/2006                                    3,741.00                              619,180.96                                             80
0080022440                     8/1/2006                                     2,686.67                              496,000.00                                             80
0080022441                     9/1/2006                                     3,345.26                              583,900.00                                             80
0080022442                     8/1/2006                                     2,450.00                              467,585.55                                             80
0080022443                     9/1/2006                                     2,654.69                              417,298.59                                             42
0080022444                     8/1/2006                                     3,966.67                              680,000.00                                             80
0080022445                     10/1/2006                                    3,250.00                              599,941.71                                             80
0080022446                     9/1/2006                                     2,782.50                              477,000.00                                           47.7
0080022447                     8/1/2006                                     3,096.82                              540,536.00                                             80
0080022449                     9/1/2006                                     2,960.44                              526,147.18                                          79.74
0080022450                     9/1/2006                                     2,762.08                              473,500.00                                          47.35
0080022451                     9/1/2006                                     4,061.62                              735,689.00                                             70
0080022452                     9/1/2006                                     3,964.58                              692,000.00                                             80
0080022453                     9/1/2006                                     2,677.50                              476,000.00                                             80
0080022454                     9/1/2006                                     2,383.33                              439,949.72                                             80
0080022455                     10/1/2006                                    4,316.67                              740,000.00                                             80
0080022880                     10/1/2006                                   11,025.00                            1,960,000.00                                             56
0080022881                     9/1/2006                                     3,107.81                              233,140.63                                          68.82
0080022882                     10/1/2006                                    4,662.40                              813,800.00                                          73.98
0080022883                     10/1/2006                                    3,989.85                              644,262.53                                             80
0080022884                     10/1/2006                                    3,320.31                              625,000.00                                          72.09
0080022885                     10/1/2006                                    2,760.42                              499,895.84                                          52.63
0080022887                     11/1/2006                                    2,565.50                              513,100.00                                           73.3
0080022888                     11/1/2006                                    3,385.42                              650,000.00                                          76.47
0080022893                     9/1/2006                                     4,604.55                              762,567.19                                             80
0080022894                     10/1/2006                                    2,760.42                              442,000.00                                          77.82
0080022895                     9/1/2006                                     3,031.88                              539,000.00                                             70
0080022900                     10/1/2006                                    2,893.22                              514,350.00                                          54.14
0080022901                     10/1/2006                                    2,228.58                              455,200.00                                             80
0080022902                     10/1/2006                                    4,394.27                              767,000.00                                          69.73
0080022906                     10/1/2006                                    3,125.00                              600,000.00                                           60.3
0080022907                     11/1/2006                                    3,029.69                              581,700.00                                             70
0080022908                     11/1/2006                                    5,312.50                            1,000,000.00                                          77.19
0080022909                     11/1/2006                                    2,458.33                              472,000.00                                          72.06
0080022910                     11/1/2006                                    3,383.91                              626,541.26                                             80
0080022911                     10/1/2006                                    2,383.33                              440,000.00                                             80
0080022913                     11/1/2006                                    5,416.67                              950,000.00                                          77.82
0080022915                     10/1/2006                                    3,344.03                              487,870.63                                             80
0080022917                     11/1/2006                                    2,975.00                              560,000.00                                          43.18
0080022918                     11/1/2006                                    2,507.50                              472,000.00                                          69.93
0080022920                     11/1/2006                                    3,229.17                              620,000.00                                             80
0080022922                     11/1/2006                                    2,433.13                              458,000.00                                          58.72
0080022924                     11/1/2006                                    2,656.25                              500,000.00                                          62.11
0080022925                     12/1/2006                                    4,581.48                              845,811.00                                             80
0080022928                     11/1/2006                                    2,973.77                              493,506.34                                             80
0080022929                     11/1/2006                                    3,426.56                              645,000.00                                          75.26
0080022930                     11/1/2006                                    2,675.91                              503,700.00                                          57.24
0080022931                     11/1/2006                                    3,705.79                              591,219.79                                           26.4
0080022933                     8/1/2006                                     3,555.42                              644,000.00                                             80
0080022934                     11/1/2006                                    5,937.50                            1,000,000.00                                          76.92
0080022936                     9/1/2006                                     5,520.83                            1,000,000.00                                          66.67
0080022937                     10/1/2006                                    3,482.92                              643,000.00                                          71.84
0080022939                     9/1/2006                                     3,007.81                              525,000.00                                             70
0080022942                     9/1/2006                                     5,023.96                              927,500.00                                          79.27
0080022943                     9/1/2006                                     3,723.96                              650,000.00                                          72.22
0080022944                     10/1/2006                                    3,603.44                              665,250.00                                             75
0080022945                     10/1/2006                                    2,947.50                              524,000.00                                             80
0080022948                     10/1/2006                                    5,208.33                            1,000,000.00                                             80
0080022949                     11/1/2006                                    4,913.54                              890,000.00                                          59.33
0080022950                     10/1/2006                                    2,273.75                              428,000.00                                             80
0080022952                     10/1/2006                                    3,125.00                              600,000.00                                          75.82
0080022953                     11/1/2006                                    2,504.67                              459,542.50                                             80
0080022954                     10/1/2006                                    2,760.00                              551,464.26                                             80
0080022955                     11/1/2006                                    5,237.92                              967,000.00                                          64.47
0080022956                     10/1/2006                                    3,956.75                              744,800.00                                             80
0080022957                     12/1/2006                                    6,475.94                            1,173,000.00                                          74.95
0080022958                     10/1/2006                                    2,650.00                              480,000.00                                             80
0080022959                     11/1/2006                                    3,520.83                              650,000.00                                          62.74
0080022960                     11/1/2006                                    3,054.47                              487,308.43                                             80
0080022961                     11/1/2006                                    3,633.75                              684,000.00                                          50.67
0080022962                     11/1/2006                                    2,639.62                              478,120.00                                          53.12
0080022964                     10/1/2006                                    3,383.43                              612,848.00                                             80
0080022965                     10/1/2006                                    2,753.33                              472,000.00                                          76.25
0080022967                     10/1/2006                                    3,250.00                              600,000.00                                             60
0080022968                     10/1/2006                                    5,729.17                            1,000,000.00                                             80
0080022969                     10/1/2006                                    5,625.00                            1,000,000.00                                          29.41
0080022970                     11/1/2006                                    2,890.00                              544,000.00                                             80
0080022972                     2/1/2007                                     2,258.63                              492,792.00                                             80
0080022973                     1/1/2007                                     3,025.00                              605,000.00                                          63.68
0080022974                     2/1/2007                                     5,208.33                            1,000,000.00                                          61.54
0080022975                     2/1/2007                                     3,575.00                              660,000.00                                             75
0080022976                     2/1/2007                                     4,625.00                              888,000.00                                          68.31
0080022978                     3/1/2007                                     2,140.00                              428,000.00                                             80
0080022979                     2/1/2007                                     3,040.25                              480,565.17                                          41.83
0080022980                     3/1/2007                                     1,750.00                              400,000.00                                          50.63
0080022981                     2/1/2007                                     3,713.28                              622,500.00                                             75
0080022983                     2/1/2007                                     1,061.67                              196,000.00                                             80
0080022984                     2/1/2007                                     1,627.08                              284,000.00                                          67.14
0080022985                     2/1/2007                                     3,231.25                              659,987.38                                          78.11
0080022986                     1/1/2007                                     3,255.21                              625,000.00                                          67.57
0080022987                     2/1/2007                                     2,728.50                              544,928.50                                          68.56
0080022988                     2/1/2007                                     2,425.00                              485,000.00                                          74.39
0080022989                     3/1/2007                                     1,917.50                              354,000.00                                           70.8
0080022990                     2/1/2007                                     2,704.95                              552,500.00                                             65
0080022991                     2/1/2007                                     2,465.00                              408,000.00                                             80
0080022992                     2/1/2007                                     1,835.94                              373,500.00                                           48.7
0080022993                     2/1/2007                                     5,200.00                              960,000.00                                             80
0080022994                     2/1/2007                                     2,640.00                              528,000.00                                             80
0080022995                     2/1/2007                                     3,885.00                              777,000.00                                          23.91
0080022996                     3/1/2007                                     1,000.00                              200,000.00                                          77.82
0080022997                     3/1/2007                                     2,750.00                              546,000.00                                             50
0080022998                     2/1/2007                                     5,308.33                            1,040,000.00                                          75.64
0080023000                     2/1/2007                                     1,069.05                              218,360.00                                             80
0080023001                     2/1/2007                                     2,900.63                              618,800.00                                             80
0080023002                     2/1/2007                                     1,863.28                              337,500.00                                             75
0080023003                     3/1/2007                                     2,842.19                              535,000.00                                          70.39
0080023004                     2/1/2007                                     1,687.59                              344,700.00                                          79.99
0080023005                     2/1/2007                                       756.25                              165,000.00                                          52.07
0080023006                     2/1/2007                                          765                              144,000.00                                             80
0080023007                     2/1/2007                                     2,522.81                              526,500.00                                          65.81
0080023010                     2/1/2007                                     1,327.75                              271,200.00                                             80
0080023011                     2/1/2007                                     3,322.92                              725,000.00                                           68.4
0080023012                     2/1/2007                                     2,323.96                              485,000.00                                          79.64
0080023013                     2/1/2007                                     4,338.54                              849,838.54                                          58.62
0080023014                     2/1/2007                                     4,895.83                            1,000,000.00                                          41.67
0080023015                     2/1/2007                                     3,051.72                              508,493.28                                          77.12
0080023016                     2/1/2007                                     1,850.63                              378,000.00                                          58.15
0080023017                     2/1/2007                                     3,547.40                              695,000.00                                          22.06
0080023018                     2/1/2007                                     1,552.50                              324,000.00                                             80
0080023019                     2/1/2007                                     5,610.63                            1,145,610.63                                          68.62
0080023020                     3/1/2007                                     1,354.17                              250,000.00                                           64.1
0080023021                     2/1/2007                                     2,800.00                              560,000.00                                           44.8
0080023022                     2/1/2007                                     3,754.72                              651,552.70                                          66.22
0080023023                     2/1/2007                                     1,633.25                              333,600.00                                             80
0080023024                     2/1/2007                                     2,971.77                              607,000.00                                          78.32
0080023025                     2/1/2007                                     1,101.56                              225,000.00                                             75
0080023026                     2/1/2007                                     2,680.47                              547,500.00                                             75
0080023027                     2/1/2007                                     2,284.38                              430,000.00                                          74.14
0080023028                     2/1/2007                                     1,359.75                              266,400.00                                             80
0080023029                     2/1/2007                                     1,977.08                              365,000.00                                          51.77
0080023030                     2/1/2007                                     3,250.00                              650,000.00                                          72.22
0080023031                     2/1/2007                                     2,926.04                              530,000.00                                          73.61
0080023032                     2/1/2007                                     1,228.79                              250,987.00                                             75
0080023034                     2/1/2007                                     1,504.00                              307,200.00                                             80
0080023036                     2/1/2007                                     1,912.11                              356,000.00                                             80
0080023037                     2/1/2007                                     4,401.04                              845,000.00                                          62.59
0080023038                     3/1/2007                                     2,625.00                              456,000.00                                             80
0080023039                     2/1/2007                                     2,383.33                              440,000.00                                             80
0080023040                     2/1/2007                                     2,012.50                              402,500.00                                          78.92
0080023041                     2/1/2007                                     1,101.56                              225,000.00                                          83.33
0080023042                     2/1/2007                                     1,603.13                              285,000.00                                          79.17
0080023043                     3/1/2007                                     2,820.00                              564,000.00                                             80
0080023044                     3/1/2007                                     2,708.33                              520,000.00                                             80
0080023045                     2/1/2007                                     1,313.31                              268,250.00                                          79.99
0080023046                     2/1/2007                                     1,249.42                              255,200.00                                             80
0080023047                     3/1/2007                                     1,174.74                              225,550.00                                          79.99
0080023048                     2/1/2007                                     3,149.27                              617,000.00                                          69.99
0080023049                     2/1/2007                                     3,755.47                              783,750.00                                             75
0080023051                     3/1/2007                                     1,762.25                              319,200.00                                             80
0080023052                     3/1/2007                                     2,085.00                              417,000.00                                          59.15
0080023053                     3/1/2007                                     2,221.88                              395,000.00                                           62.7
0080023054                     3/1/2007                                     2,291.25                              468,000.00                                             80
0080023055                     2/1/2007                                     2,250.00                              450,000.00                                             60
0080023056                     3/1/2007                                     5,104.17                            1,000,000.00                                          68.97
0080023057                     3/1/2007                                     1,625.00                              325,000.00                                           61.9
0080023058                     2/1/2007                                     1,723.33                              351,926.50                                          58.67
0080023059                     3/1/2007                                     3,760.00                              752,000.00                                          34.18
0080023060                     2/1/2007                                     2,781.77                              545,000.00                                          72.67
0080023061                     3/1/2007                                     3,164.58                              620,000.00                                             80
0080023062                     2/1/2007                                     4,999.95                              499,990.00                                          49.38
0080023063                     3/1/2007                                     4,200.00                              840,000.00                                             80
0080023064                     3/1/2007                                     2,212.50                              442,500.00                                             75
0080023065                     3/1/2007                                     3,453.75                              690,750.00                                             75
0080023066                     2/1/2007                                     4,951.25                              932,000.00                                          66.57
0080023067                     1/1/2007                                     5,358.49                              935,300.00                                          74.82
0080023068                     11/1/2006                                    3,723.96                              650,000.00                                          79.27
0080023069                     2/1/2007                                     3,600.00                              699,000.00                                          54.46
0080023070                     1/1/2007                                     4,812.50                              840,000.00                                             70
0080023071                     1/1/2007                                     3,520.83                              649,616.67                                          73.86
0080023075                     1/1/2007                                     5,416.67                            1,000,000.00                                          66.67
0080023076                     2/1/2007                                     1,840.00                              384,000.00                                             80
0080023077                     2/1/2007                                     5,416.67                            1,000,000.00                                          66.67
0080023079                     12/1/2006                                    1,863.00                              388,738.00                                             80
0080023080                     1/1/2007                                     2,486.25                              468,000.00                                             80
0080023082                     1/1/2007                                     2,831.21                              485,350.00                                             85
0080023083                     3/1/2007                                     3,172.50                              648,000.00                                             80
0080023084                     1/1/2007                                     3,300.00                              660,000.00                                             55
0080023085                     2/1/2007                                     3,153.33                              579,000.00                                           56.6
0080023086                     2/1/2007                                     2,108.33                              460,000.00                                             80
0080023087                     2/1/2007                                     1,111.67                              232,000.00                                          67.25
0080023088                     3/1/2007                                     3,110.97                              512,000.00                                             80
0080023089                     2/1/2007                                     2,340.65                              458,577.00                                          61.14
0080023090                     1/1/2007                                     1,336.34                              241,443.61                                          74.46
0080023091                     3/1/2007                                     5,104.17                            1,000,000.00                                          76.92
0080023092                     2/1/2007                                     2,474.44                              439,900.00                                             80
0080023093                     12/1/2006                                    4,900.78                              922,500.00                                           61.5
0080023094                     1/1/2007                                     1,926.73                              402,100.00                                          69.33
0080023095                     3/1/2007                                     1,937.50                              372,000.00                                             80
0080023096                     2/1/2007                                     2,188.33                              404,000.00                                             80
0080023097                     1/1/2007                                       814.58                              170,000.00                                          65.38
0080023098                     12/1/2006                                    2,165.63                              472,500.00                                           65.4
0080023099                     2/1/2007                                     2,265.63                              435,000.00                                          79.09
0080023100                     1/1/2007                                       927.19                              206,999.28                                          54.47
0080023101                     2/1/2007                                     5,091.67                            1,040,000.00                                          67.32
0080023102                     1/1/2007                                     2,844.84                              535,500.00                                             70
0080023103                     2/1/2007                                     2,465.00                              463,876.75                                             80
0080023104                     2/1/2007                                     3,937.50                              700,000.00                                          66.99
0080023105                     2/1/2007                                     1,994.67                              435,200.00                                             80
0080023106                     1/1/2007                                        972.9                              203,040.00                                             80
0080023107                     3/1/2007                                       706.28                              117,800.00                                             76
0080023108                     2/1/2007                                     3,604.53                              678,500.00                                          77.54
0080023109                     3/1/2007                                     3,906.25                              750,000.00                                             60
0080023110                     2/1/2007                                     3,010.94                              615,000.00                                          76.88
0080023111                     1/1/2007                                     2,380.00                              448,000.00                                             80
0080023112                     2/1/2007                                     1,467.45                              287,500.00                                          79.97
0080023113                     2/1/2007                                     5,305.52                              961,000.00                                          69.89
0080023114                     1/1/2007                                     4,140.00                              863,879.71                                             54
0080023115                     2/1/2007                                     2,833.33                              544,000.00                                             80
0080023116                     3/1/2007                                       864.14                              169,300.00                                          79.98
0080023117                     2/1/2007                                     1,560.55                              318,749.55                                          74.13
0080023119                     2/1/2007                                     2,109.38                              405,000.00                                           67.5
0080023120                     1/1/2007                                     3,833.33                              799,665.86                                          53.33
0080023121                     1/1/2007                                     1,188.33                              248,000.00                                             80
0080023122                     2/1/2007                                     3,900.00                              720,000.00                                             80
0080023123                     2/1/2007                                     1,429.17                              280,000.00                                          58.95
0080023124                     1/1/2007                                     2,500.00                              500,000.00                                          71.91
0080023125                     1/1/2007                                     1,575.00                              280,000.00                                             80
0080023126                     2/1/2007                                       998.75                              199,750.00                                          73.44
0080023128                     2/1/2007                                     2,500.00                              480,000.00                                             80
0080023129                     2/1/2007                                     2,085.00                              417,000.00                                          68.81
0080023130                     1/1/2007                                     2,990.00                              623,490.00                                             80
0080023131                     2/1/2007                                     4,267.08                              836,000.00                                             80
0080023132                     2/1/2007                                     1,453.13                              278,581.94                                          79.71
0080023134                     2/1/2007                                     2,619.27                              535,000.00                                          71.33
0080023135                     3/1/2007                                     2,356.25                              435,000.00                                           69.6
0080023136                     2/1/2007                                     3,281.67                              716,000.00                                             80
0080023137                     3/1/2007                                     4,728.13                              890,000.00                                          50.86
0080023138                     2/1/2007                                     2,664.06                              465,000.00                                          70.88
0080023139                     2/1/2007                                     2,493.00                              443,200.00                                             80
0080023140                     2/1/2007                                     1,548.59                              291,500.00                                          62.82
0080023141                     2/1/2007                                     2,015.00                              372,000.00                                             80
0080023142                     2/1/2007                                     2,261.88                              462,000.00                                             80
0080023143                     2/1/2007                                     1,266.42                              233,800.00                                          72.83
0080023144                     2/1/2007                                     1,047.38                              205,200.00                                             90
0080023145                     2/1/2007                                     1,054.17                              219,785.57                                          46.32
0080023146                     2/1/2007                                     1,620.76                              311,186.00                                             80
0080023147                     3/1/2007                                     2,789.58                              515,000.00                                          79.84
0080023148                     2/1/2007                                       785.83                              164,000.00                                             80
0080023149                     2/1/2007                                     2,570.31                              525,000.00                                             75
0080023150                     2/1/2007                                     3,430.00                              672,000.00                                             80
0080023151                     2/1/2007                                     3,260.42                              626,000.00                                          74.97
0080023152                     2/1/2007                                     2,259.92                              461,600.00                                             80
0080023154                     2/1/2007                                     2,374.48                              485,000.00                                          71.53
0080023155                     2/1/2007                                     2,500.00                              500,000.00                                          62.74
0080023156                     2/1/2007                                     1,590.00                              287,890.00                                          38.92
0080023157                     2/1/2007                                     2,108.33                              440,000.00                                             80
0080023158                     2/1/2007                                     2,203.13                              449,900.00                                             75
0080023159                     2/1/2007                                     5,385.42                            1,100,000.00                                           37.8
0080023160                     3/1/2007                                     2,322.89                              437,250.00                                             75
0080023161                     2/1/2007                                     2,125.00                              425,000.00                                           59.6
0080023162                     2/1/2007                                     2,633.75                              588,000.00                                             80
0080023163                     2/1/2007                                     2,235.42                              370,000.00                                          63.25
0080023261                     12/1/2006                                    3,487.71                              587,177.77                                             80
0080023262                     1/1/2007                                     3,093.75                              550,000.00                                          79.71
0080023263                     2/1/2007                                     4,668.58                              798,325.50                                          57.14
0080023264                     1/1/2007                                     4,600.00                              960,000.00                                             80
0080023266                     9/1/2006                                     3,694.30                              595,952.09                                          42.86
0080023269                     1/1/2007                                     2,812.50                              499,999.92                                             80
0080023270                     12/1/2006                                    2,552.08                              500,000.00                                             80
0080023271                     11/1/2006                                    3,594.38                              639,000.00                                          79.88
0080023274                     11/1/2006                                    3,299.33                              540,334.08                                          79.97
0080023275                     11/1/2006                                    4,005.00                              664,641.59                                             80
0080023277                     2/1/2007                                     2,325.00                              496,000.00                                          64.17
0080023280                     1/1/2007                                     3,448.02                              558,397.63                                             80
0080023282                     1/1/2007                                     3,195.83                              590,000.00                                           68.6
0080023285                     1/1/2007                                     2,200.00                              440,000.00                                             80
0080023287                     1/1/2007                                     5,200.00                              959,740.00                                             80
0080023289                     1/1/2007                                     3,595.79                              582,327.25                                             80
0080023291                     1/1/2007                                     3,702.81                              697,000.00                                          74.95
0080023292                     2/1/2007                                     5,590.02                              918,207.06                                             80
0080023293                     1/1/2007                                     3,451.23                              566,316.50                                             80
0080023294                     2/1/2007                                     3,039.72                              505,988.04                                          73.48
0080023295                     3/1/2007                                     4,257.91                              681,867.87                                             70
0080023296                     2/1/2007                                     5,899.58                              982,031.99                                          79.35
0080023297                     3/1/2007                                     3,127.04                              507,388.12                                          72.55
0080023298                     3/1/2007                                     3,141.07                              530,458.62                                          79.85
0080023299                     3/1/2007                                     9,405.17                            1,486,654.83                                             80
0080023300                     3/1/2007                                     4,496.32                              739,280.76                                             80
0080023301                     3/1/2007                                     3,368.90                              539,499.85                                             80
0080023302                     3/1/2007                                     4,140.76                              699,286.32                                           41.3
0080023303                     10/1/2006                                    2,716.25                              492,000.00                                             80
0080023304                     11/1/2006                                    2,975.00                              552,500.00                                           48.7
0080023305                     2/1/2007                                     4,285.42                              935,000.00                                          70.04
0080023306                     1/1/2007                                     2,528.33                              475,920.00                                             80
0080023307                     12/1/2006                                    2,169.27                              425,000.00                                          60.71
0080023308                     1/1/2007                                     4,154.38                              749,572.85                                          66.55
0080023309                     1/1/2007                                     5,595.33                              959,200.00                                             80
0080023310                     12/1/2006                                    3,960.00                              792,000.00                                             80
0080023311                     1/1/2007                                     3,252.60                              624,500.00                                          64.18
0080023312                     1/1/2007                                     2,369.38                              446,000.00                                          77.57
0080023313                     1/1/2007                                     3,094.00                              571,200.00                                          79.89
0080023314                     3/1/2007                                     7,812.50                            1,500,000.00                                          79.28
0080023315                     1/1/2007                                     3,600.00                              639,820.00                                             80
0080023316                     1/1/2007                                     4,912.76                              962,500.00                                             70
0080023317                     1/1/2007                                     2,655.19                              499,800.00                                             70
0080023318                     1/1/2007                                     2,333.33                              448,000.00                                             80
0080023319                     1/1/2007                                     3,611.25                              642,000.00                                          64.07
0080023320                     2/1/2007                                     2,964.38                              557,134.06                                           74.4
0080023321                     1/1/2007                                     2,551.56                              489,900.00                                          66.21
0080023322                     2/1/2007                                     3,017.01                              483,611.33                                          61.25
0080023323                     2/1/2007                                     3,033.93                              478,661.20                                          78.05
0080023324                     1/1/2007                                     5,302.89                              847,625.64                                          56.67
0080023325                     2/1/2007                                     3,155.32                              445,737.78                                          77.79
0080023326                     2/1/2007                                     6,157.17                              998,097.38                                          69.93
0080023327                     2/1/2007                                     2,839.38                              479,018.84                                          56.47
0080023328                     2/1/2007                                     3,405.27                              552,005.75                                             80
0080023329                     3/1/2007                                     3,284.40                              540,017.62                                             80
0080023331                     3/1/2007                                     2,566.41                              492,750.00                                          70.39
0080023332                     1/1/2007                                     4,668.69                              845,650.00                                             80
0080023333                     2/1/2007                                     2,838.33                              524,000.00                                             80
0080023334                     1/1/2007                                     3,520.82                              649,998.00                                          58.94
0080023335                     1/1/2007                                     2,655.00                              472,000.00                                             80
0080023336                     1/1/2007                                     3,510.00                              648,000.00                                             80
0080023337                     2/1/2007                                     2,491.67                              459,964.15                                             80

Loan Number                Paid-Through Date      Primary Mortgage Insurer                                  Gross Margin              Lifetime Max Mortgage Rate
0080014102                     2/1/2007           No PMI Required                                                   2.25                                   11.25
0080014285                     2/1/2007           No PMI Required                                                   2.25                                    10.5
0080014896                     2/1/2007           No PMI Required                                                   2.25                                  10.375
0080014915                     2/1/2007           No PMI Required                                                   2.25                                   10.25
0080014921                     2/1/2007           No PMI Required                                                   2.25                                  10.875
0080014928                     2/1/2007           No PMI Required                                                   2.25                                  10.375
0080014937                     3/1/2007           No PMI Required                                                   2.25                                   10.75
0080014993                     3/1/2007           No PMI Required                                                   2.25                                  10.875
0080015005                     2/1/2007           No PMI Required                                                   2.25                                  10.875
0080015013                     3/1/2007           No PMI Required                                                   2.25                                   10.75
0080015014                     3/1/2007           No PMI Required                                                   2.25                                  10.875
0080015027                     3/1/2007           No PMI Required                                                   2.25                                  10.875
0080015034                     2/1/2007           No PMI Required                                                   2.25                                  10.875
0080015038                     2/1/2007           No PMI Required                                                   2.25                                  10.625
0080015044                     3/1/2007           No PMI Required                                                   2.25                                  10.625
0080015050                     2/1/2007           No PMI Required                                                   2.25                                   10.25
0080015051                     2/1/2007           No PMI Required                                                   2.25                                   10.75
0080015061                     2/1/2007           No PMI Required                                                   2.25                                  10.375
0080015070                     2/1/2007           No PMI Required                                                   2.25                                    10.5
0080015073                     3/1/2007           No PMI Required                                                   2.25                                  10.375
0080015078                     2/1/2007           No PMI Required                                                   2.25                                  10.875
0080015170                     2/1/2007           No PMI Required                                                   2.25                                      11
0080015213                     2/1/2007           No PMI Required                                                   2.25                                  11.125
0080018067                     2/1/2007           No PMI Required                                                   2.25                                  11.125
0080018070                     2/1/2007           No PMI Required                                                   2.25                                    10.5
0080018078                     3/1/2007           No PMI Required                                                   2.25                                   11.25
0080018101                     2/1/2007           PMI MORTGAGE INSURANCE COMPANY                                    2.25                                  11.125
0080018143                     3/1/2007           No PMI Required                                                   2.25                                      11
0080018149                     2/1/2007           No PMI Required                                                   2.25                                   10.75
0080018153                     3/1/2007           No PMI Required                                                   2.25                                  11.125
0080018169                     2/1/2007           No PMI Required                                                   2.25                                   11.25
0080018170                     2/1/2007           No PMI Required                                                   2.25                                    10.5
0080018171                     2/1/2007           No PMI Required                                                   2.25                                  10.875
0080018173                     2/1/2007           No PMI Required                                                   2.25                                   11.25
0080018174                     2/1/2007           No PMI Required                                                   2.25                                  11.125
0080018175                     2/1/2007           No PMI Required                                                   2.25                                      11
0080018177                     2/1/2007           No PMI Required                                                   2.25                                   11.25
0080018178                     2/1/2007           No PMI Required                                                   2.25                                  11.125
0080018179                     3/1/2007           No PMI Required                                                   2.25                                  10.875
0080018181                     2/1/2007           No PMI Required                                                   2.25                                   11.25
0080018182                     2/1/2007           No PMI Required                                                   2.25                                   11.25
0080018183                     3/1/2007           No PMI Required                                                   2.25                                  11.125
0080018184                     2/1/2007           No PMI Required                                                   2.25                                  10.875
0080018186                     2/1/2007           No PMI Required                                                   2.25                                      11
0080018187                     2/1/2007           No PMI Required                                                   2.25                                   11.25
0080018188                     3/1/2007           No PMI Required                                                   2.25                                      11
0080018189                     2/1/2007           No PMI Required                                                   2.25                                  10.875
0080018190                     3/1/2007           No PMI Required                                                   2.25                                   11.25
0080018192                     2/1/2007           No PMI Required                                                   2.25                                   11.25
0080018194                     3/1/2007           No PMI Required                                                   2.25                                  10.875
0080018196                     2/1/2007           No PMI Required                                                   2.25                                  11.125
0080018197                     2/1/2007           No PMI Required                                                   2.25                                  11.125
0080018198                     2/1/2007           No PMI Required                                                   2.25                                  11.125
0080018199                     2/1/2007           No PMI Required                                                   2.25                                   11.25
0080018200                     3/1/2007           No PMI Required                                                   2.25                                   11.25
0080018201                     2/1/2007           No PMI Required                                                   2.25                                   11.25
0080018205                     2/1/2007           No PMI Required                                                   2.25                                  10.875
0080018206                     2/1/2007           No PMI Required                                                   2.25                                      11
0080018207                     3/1/2007           No PMI Required                                                   2.25                                   11.25
0080018208                     3/1/2007           No PMI Required                                                   2.25                                   11.25
0080018209                     3/1/2007           No PMI Required                                                   2.25                                  10.875
0080018211                     2/1/2007           No PMI Required                                                   2.25                                  11.125
0080018214                     2/1/2007           No PMI Required                                                   2.25                                  11.125
0080018215                     2/1/2007           No PMI Required                                                   2.25                                   11.25
0080018217                     2/1/2007           No PMI Required                                                   2.25                                  11.125
0080018218                     2/1/2007           No PMI Required                                                   2.25                                   11.25
0080018220                     2/1/2007           No PMI Required                                                   2.25                                  11.125
0080018222                     3/1/2007           No PMI Required                                                   2.25                                      11
0080018224                     3/1/2007           No PMI Required                                                   2.25                                   11.25
0080018225                     2/1/2007           No PMI Required                                                   2.25                                  10.875
0080018655                     3/1/2007           No PMI Required                                                   2.75                                    10.5
0080018826                     3/1/2007           No PMI Required                                                   2.75                                    10.5
0080018953                     3/1/2007           No PMI Required                                                   2.75                                   10.25
0080022205                     3/1/2007           No PMI Required                                                   2.75                                   10.75
0080022207                     2/1/2007           No PMI Required                                                   2.75                                    11.5
0080022208                     2/1/2007           No PMI Required                                                   2.75                                  11.875
0080022210                     2/1/2007           No PMI Required                                                   2.75                                  11.625
0080022212                     2/1/2007           No PMI Required                                                   2.75                                   12.25
0080022213                     3/1/2007           No PMI Required                                                   2.75                                   11.75
0080022214                     3/1/2007           No PMI Required                                                   2.75                                  11.375
0080022215                     2/1/2007           No PMI Required                                                   2.75                                   12.25
0080022217                     3/1/2007           No PMI Required                                                   2.75                                  11.875
0080022218                     2/1/2007           No PMI Required                                                   2.75                                   12.25
0080022220                     3/1/2007           No PMI Required                                                   2.75                                      12
0080022222                     2/1/2007           No PMI Required                                                   2.75                                  12.125
0080022225                     2/1/2007           No PMI Required                                                   2.75                                    12.5
0080022226                     3/1/2007           No PMI Required                                                   2.75                                   12.25
0080022227                     3/1/2007           No PMI Required                                                   2.75                                  12.125
0080022228                     3/1/2007           No PMI Required                                                   2.75                                  13.375
0080022231                     3/1/2007           No PMI Required                                                   2.75                                    12.5
0080022232                     2/1/2007           No PMI Required                                                   2.75                                  12.125
0080022236                     3/1/2007           No PMI Required                                                   2.75                                   12.25
0080022241                     2/1/2007           No PMI Required                                                   2.75                                  12.125
0080022244                     2/1/2007           No PMI Required                                                   2.75                                    12.5
0080022245                     2/1/2007           No PMI Required                                                   2.75                                    12.5
0080022249                     3/1/2007           No PMI Required                                                   2.75                                  12.375
0080022252                     3/1/2007           No PMI Required                                                   2.75                                  12.375
0080022253                     2/1/2007           No PMI Required                                                   2.75                                  11.875
0080022255                     2/1/2007           No PMI Required                                                   2.75                                  11.875
0080022256                     2/1/2007           No PMI Required                                                   2.75                                  11.625
0080022258                     3/1/2007           No PMI Required                                                   2.75                                    11.5
0080022259                     3/1/2007           No PMI Required                                                   2.75                                  11.875
0080022260                     2/1/2007           No PMI Required                                                   2.75                                   11.75
0080022261                     3/1/2007           No PMI Required                                                   2.75                                  12.125
0080022262                     3/1/2007           No PMI Required                                                   2.75                                      12
0080022268                     3/1/2007           No PMI Required                                                   2.75                                  12.375
0080022270                     2/1/2007           No PMI Required                                                   2.75                                   12.25
0080022274                     3/1/2007           No PMI Required                                                   2.75                                   12.75
0080022275                     2/1/2007           No PMI Required                                                   2.75                                  12.625
0080022276                     3/1/2007           No PMI Required                                                   2.75                                   12.25
0080022277                     2/1/2007           No PMI Required                                                   2.75                                  11.875
0080022278                     3/1/2007           No PMI Required                                                   2.75                                      12
0080022283                     2/1/2007           No PMI Required                                                   2.75                                  12.875
0080022285                     2/1/2007           No PMI Required                                                   2.75                                    12.5
0080022289                     3/1/2007           No PMI Required                                                   2.75                                   11.75
0080022290                     2/1/2007           No PMI Required                                                   2.75                                    12.5
0080022294                     2/1/2007           No PMI Required                                                   2.75                                   13.75
0080022295                     3/1/2007           No PMI Required                                                   2.75                                  12.125
0080022297                     3/1/2007           No PMI Required                                                   2.75                                   11.75
0080022298                     3/1/2007           No PMI Required                                                   2.75                                      12
0080022299                     3/1/2007           No PMI Required                                                   2.75                                  13.375
0080022300                     2/1/2007           No PMI Required                                                   2.25                                  12.875
0080022301                     2/1/2007           No PMI Required                                                   2.25                                  12.375
0080022302                     3/1/2007           No PMI Required                                                   2.25                                  12.125
0080022303                     2/1/2007           No PMI Required                                                   2.25                                   12.75
0080022313                     4/1/2007           No PMI Required                                                   2.25                                  11.875
0080022314                     2/1/2007           No PMI Required                                                   2.25                                   11.75
0080022315                     2/1/2007           No PMI Required                                                   2.25                                   11.75
0080022318                     2/1/2007           No PMI Required                                                   2.25                                  11.625
0080022321                     2/1/2007           No PMI Required                                                   2.25                                   11.75
0080022325                     3/1/2007           No PMI Required                                                   2.25                                   11.75
0080022327                     2/1/2007           No PMI Required                                                   2.25                                  12.375
0080022329                     2/1/2007           No PMI Required                                                   2.25                                  11.875
0080022333                     2/1/2007           No PMI Required                                                   2.25                                      12
0080022339                     3/1/2007           No PMI Required                                                   2.25                                   11.75
0080022343                     2/1/2007           No PMI Required                                                   2.25                                   11.75
0080022344                     2/1/2007           No PMI Required                                                   2.25                                  11.875
0080022345                     3/1/2007           No PMI Required                                                   2.25                                    11.5
0080022346                     3/1/2007           No PMI Required                                                   2.25                                  11.875
0080022347                     3/1/2007           No PMI Required                                                   2.25                                   11.75
0080022349                     3/1/2007           No PMI Required                                                   2.25                                  11.875
0080022352                     3/1/2007           No PMI Required                                                   2.25                                   12.25
0080022358                     3/1/2007           No PMI Required                                                   2.25                                  11.875
0080022359                     3/1/2007           No PMI Required                                                   2.25                                   11.75
0080022360                     2/1/2007           No PMI Required                                                   2.25                                  10.875
0080022363                     3/1/2007           No PMI Required                                                   2.25                                  11.625
0080022364                     3/1/2007           No PMI Required                                                   2.25                                   11.75
0080022367                     3/1/2007           No PMI Required                                                   2.25                                  11.875
0080022369                     3/1/2007           No PMI Required                                                   2.25                                  11.875
0080022370                     3/1/2007           No PMI Required                                                   2.25                                   11.75
0080022372                     2/1/2007           No PMI Required                                                   2.25                                   11.75
0080022373                     3/1/2007           No PMI Required                                                   2.25                                  12.125
0080022374                     3/1/2007           No PMI Required                                                   2.25                                   11.75
0080022375                     3/1/2007           No PMI Required                                                   2.25                                  11.875
0080022376                     3/1/2007           No PMI Required                                                   2.25                                  11.625
0080022377                     3/1/2007           No PMI Required                                                   2.25                                  11.875
0080022378                     3/1/2007           No PMI Required                                                   2.25                                   11.75
0080022379                     3/1/2007           No PMI Required                                                   2.25                                  11.375
0080022380                     3/1/2007           No PMI Required                                                   2.25                                   11.25
0080022381                     2/1/2007           No PMI Required                                                   2.25                                  11.875
0080022382                     3/1/2007           No PMI Required                                                   2.25                                  11.875
0080022384                     3/1/2007           No PMI Required                                                   2.25                                   11.75
0080022386                     3/1/2007           No PMI Required                                                   2.25                                  11.625
0080022387                     2/1/2007           No PMI Required                                                   2.25                                   11.75
0080022389                     2/1/2007           No PMI Required                                                   2.25                                  11.875
0080022393                     3/1/2007           No PMI Required                                                   2.25                                  11.875
0080022395                     3/1/2007           No PMI Required                                                   2.25                                  11.875
0080022396                     3/1/2007           No PMI Required                                                  2.625                                   12.25
0080022397                     3/1/2007           No PMI Required                                                   2.25                                      12
0080022398                     3/1/2007           No PMI Required                                                   2.25                                    11.5
0080022399                     3/1/2007           No PMI Required                                                   2.25                                  11.375
0080022400                     3/1/2007           No PMI Required                                                   2.25                                  11.875
0080022401                     3/1/2007           No PMI Required                                                   2.25                                      12
0080022402                     3/1/2007           No PMI Required                                                   2.25                                   11.75
0080022403                     2/1/2007           No PMI Required                                                   2.25                                      12
0080022404                     3/1/2007           No PMI Required                                                   2.25                                  11.875
0080022406                     3/1/2007           No PMI Required                                                   2.25                                  11.625
0080022407                     3/1/2007           No PMI Required                                                   2.25                                      12
0080022408                     3/1/2007           No PMI Required                                                   2.25                                      12
0080022409                     3/1/2007           No PMI Required                                                   2.25                                  11.875
0080022410                     2/1/2007           No PMI Required                                                   2.25                                  11.875
0080022411                     3/1/2007           No PMI Required                                                   2.25                                   11.75
0080022413                     3/1/2007           No PMI Required                                                   2.25                                      12
0080022414                     3/1/2007           No PMI Required                                                   2.25                                   11.75
0080022415                     3/1/2007           No PMI Required                                                   2.25                                  11.625
0080022416                     3/1/2007           No PMI Required                                                   2.25                                  11.125
0080022417                     3/1/2007           No PMI Required                                                   2.25                                   11.75
0080022418                     3/1/2007           No PMI Required                                                   2.25                                   12.25
0080022419                     3/1/2007           No PMI Required                                                   2.25                                  11.625
0080022420                     3/1/2007           No PMI Required                                                   2.25                                  11.625
0080022421                     3/1/2007           No PMI Required                                                   2.25                                    11.5
0080022422                     2/1/2007           No PMI Required                                                   2.25                                   11.75
0080022423                     2/1/2007           No PMI Required                                                   2.25                                      12
0080022424                     3/1/2007           No PMI Required                                                   2.25                                  11.625
0080022425                     3/1/2007           No PMI Required                                                   2.25                                  11.875
0080022426                     3/1/2007           No PMI Required                                                   2.25                                  11.625
0080022427                     3/1/2007           No PMI Required                                                   2.25                                    11.5
0080022428                     3/1/2007           No PMI Required                                                   2.25                                   11.25
0080022429                     2/1/2007           No PMI Required                                                   2.25                                   11.75
0080022430                     3/1/2007           No PMI Required                                                  2.625                                  11.875
0080022431                     3/1/2007           No PMI Required                                                   2.25                                  11.625
0080022432                     3/1/2007           No PMI Required                                                   2.25                                  11.875
0080022433                     3/1/2007           No PMI Required                                                   2.25                                  11.875
0080022434                     2/1/2007           No PMI Required                                                   2.25                                   11.75
0080022435                     2/1/2007           No PMI Required                                                   2.25                                  11.875
0080022436                     2/1/2007           No PMI Required                                                   2.25                                    11.5
0080022437                     2/1/2007           No PMI Required                                                   2.25                                   11.75
0080022439                     3/1/2007           No PMI Required                                                   2.25                                   12.25
0080022440                     3/1/2007           No PMI Required                                                   2.25                                    11.5
0080022441                     3/1/2007           No PMI Required                                                   2.25                                  11.875
0080022442                     3/1/2007           No PMI Required                                                   2.25                                   11.25
0080022443                     3/1/2007           No PMI Required                                                   2.25                                    11.5
0080022444                     3/1/2007           No PMI Required                                                   2.25                                      12
0080022445                     3/1/2007           No PMI Required                                                   2.25                                    11.5
0080022446                     3/1/2007           No PMI Required                                                  2.625                                      12
0080022447                     3/1/2007           No PMI Required                                                   2.25                                  11.875
0080022449                     3/1/2007           No PMI Required                                                   2.25                                   11.75
0080022450                     3/1/2007           No PMI Required                                                  2.625                                      12
0080022451                     2/1/2007           No PMI Required                                                   2.25                                  11.625
0080022452                     3/1/2007           No PMI Required                                                   2.25                                  11.875
0080022453                     3/1/2007           No PMI Required                                                   2.25                                   11.75
0080022454                     3/1/2007           No PMI Required                                                   2.25                                    11.5
0080022455                     2/1/2007           No PMI Required                                                   2.25                                      12
0080022880                     2/1/2007           No PMI Required                                                   2.25                                   12.75
0080022881                     3/1/2007           No PMI Required                                                   2.25                                  12.375
0080022882                     2/1/2007           No PMI Required                                                   2.25                                  12.875
0080022883                     2/1/2007           No PMI Required                                                   2.25                                   12.25
0080022884                     2/1/2007           No PMI Required                                                   2.25                                  12.375
0080022885                     2/1/2007           No PMI Required                                                   2.25                                  12.625
0080022887                     2/1/2007           No PMI Required                                                   2.25                                      12
0080022888                     2/1/2007           No PMI Required                                                   2.25                                   12.25
0080022893                     2/1/2007           No PMI Required                                                   2.25                                      11
0080022894                     2/1/2007           No PMI Required                                                   2.25                                  11.625
0080022895                     2/1/2007           No PMI Required                                                   2.25                                   11.75
0080022900                     2/1/2007           No PMI Required                                                   2.25                                   11.75
0080022901                     2/1/2007           No PMI Required                                                   2.25                                  10.875
0080022902                     2/1/2007           No PMI Required                                                   2.25                                  11.875
0080022906                     2/1/2007           No PMI Required                                                   2.25                                   11.25
0080022907                     3/1/2007           No PMI Required                                                   2.25                                   11.25
0080022908                     2/1/2007           No PMI Required                                                   2.25                                  11.375
0080022909                     2/1/2007           No PMI Required                                                   2.25                                   11.25
0080022910                     2/1/2007           No PMI Required                                                   2.25                                      10
0080022911                     2/1/2007           No PMI Required                                                   2.25                                    11.5
0080022913                     2/1/2007           No PMI Required                                                   2.25                                    11.5
0080022915                     2/1/2007           No PMI Required                                                   2.25                                   12.25
0080022917                     2/1/2007           No PMI Required                                                   2.25                                  11.375
0080022918                     2/1/2007           No PMI Required                                                   2.25                                  11.375
0080022920                     2/1/2007           No PMI Required                                                   2.25                                   11.25
0080022922                     2/1/2007           No PMI Required                                                   2.25                                  11.375
0080022924                     2/1/2007           No PMI Required                                                   2.25                                  11.375
0080022925                     2/1/2007           No PMI Required                                                   2.25                                    11.5
0080022928                     2/1/2007           No PMI Required                                                   2.25                                      11
0080022929                     2/1/2007           No PMI Required                                                   2.25                                  11.375
0080022930                     2/1/2007           No PMI Required                                                   2.25                                  11.375
0080022931                     2/1/2007           No PMI Required                                                   2.25                                  11.375
0080022933                     2/1/2007           No PMI Required                                                   2.25                                  11.625
0080022934                     2/1/2007           No PMI Required                                                   2.25                                  12.125
0080022936                     2/1/2007           No PMI Required                                                   2.25                                  11.625
0080022937                     2/1/2007           No PMI Required                                                   2.25                                    11.5
0080022939                     3/1/2007           No PMI Required                                                   2.25                                  11.875
0080022942                     2/1/2007           No PMI Required                                                   2.25                                    11.5
0080022943                     2/1/2007           No PMI Required                                                   2.25                                  11.875
0080022944                     2/1/2007           No PMI Required                                                   2.25                                    11.5
0080022945                     2/1/2007           No PMI Required                                                   2.25                                   11.75
0080022948                     2/1/2007           No PMI Required                                                   2.25                                   11.25
0080022949                     2/1/2007           No PMI Required                                                   2.25                                  11.625
0080022950                     2/1/2007           No PMI Required                                                   2.25                                  11.375
0080022952                     2/1/2007           No PMI Required                                                   2.25                                   11.25
0080022953                     3/1/2007           No PMI Required                                                   2.25                                    11.5
0080022954                     2/1/2007           No PMI Required                                                   2.25                                      11
0080022955                     2/1/2007           No PMI Required                                                   2.25                                    11.5
0080022956                     2/1/2007           No PMI Required                                                   2.25                                  11.375
0080022957                     2/1/2007           No PMI Required                                                   2.25                                  11.625
0080022958                     2/1/2007           No PMI Required                                                   2.25                                  11.625
0080022959                     2/1/2007           No PMI Required                                                   2.25                                    11.5
0080022960                     2/1/2007           No PMI Required                                                   2.25                                  11.375
0080022961                     2/1/2007           No PMI Required                                                   2.25                                  11.375
0080022962                     2/1/2007           No PMI Required                                                   2.25                                  11.625
0080022964                     2/1/2007           No PMI Required                                                   2.25                                  11.625
0080022965                     2/1/2007           No PMI Required                                                   2.25                                      12
0080022967                     2/1/2007           No PMI Required                                                   2.25                                    11.5
0080022968                     2/1/2007           No PMI Required                                                   2.25                                  11.875
0080022969                     2/1/2007           No PMI Required                                                   2.25                                   11.75
0080022970                     2/1/2007           No PMI Required                                                   2.25                                  11.375
0080022972                     2/1/2007           No PMI Required                                                   2.25                                    10.5
0080022973                     2/1/2007           No PMI Required                                                   2.25                                      11
0080022974                     2/1/2007           No PMI Required                                                   2.25                                   11.25
0080022975                     2/1/2007           No PMI Required                                                   2.25                                    11.5
0080022976                     3/1/2007           No PMI Required                                                   2.25                                   11.25
0080022978                     2/1/2007           No PMI Required                                                   2.25                                      11
0080022979                     2/1/2007           No PMI Required                                                   2.25                                    11.5
0080022980                     3/1/2007           No PMI Required                                                   2.25                                   10.25
0080022981                     3/1/2007           No PMI Required                                                   2.25                                  11.125
0080022983                     2/1/2007           No PMI Required                                                   2.25                                    11.5
0080022984                     3/1/2007           No PMI Required                                                   2.25                                  11.875
0080022985                     3/1/2007           No PMI Required                                                   2.25                                  10.875
0080022986                     3/1/2007           No PMI Required                                                   2.25                                   11.25
0080022987                     2/1/2007           No PMI Required                                                   2.25                                      11
0080022988                     2/1/2007           No PMI Required                                                   2.25                                      11
0080022989                     2/1/2007           No PMI Required                                                   2.25                                    11.5
0080022990                     2/1/2007           No PMI Required                                                   2.25                                  10.875
0080022991                     2/1/2007           No PMI Required                                                   2.25                                   12.25
0080022992                     2/1/2007           No PMI Required                                                   2.25                                  10.875
0080022993                     3/1/2007           No PMI Required                                                   2.25                                    11.5
0080022994                     2/1/2007           No PMI Required                                                   2.25                                      11
0080022995                     3/1/2007           No PMI Required                                                   2.25                                      11
0080022996                     3/1/2007           No PMI Required                                                   2.25                                      11
0080022997                     3/1/2007           No PMI Required                                                   2.25                                      11
0080022998                     2/1/2007           No PMI Required                                                   2.25                                  11.125
0080023000                     3/1/2007           No PMI Required                                                   2.25                                  10.875
0080023001                     3/1/2007           No PMI Required                                                   2.25                                  10.625
0080023002                     2/1/2007           No PMI Required                                                   2.25                                  11.625
0080023003                     2/1/2007           No PMI Required                                                   2.25                                  11.375
0080023004                     3/1/2007           No PMI Required                                                   2.25                                  10.875
0080023005                     3/1/2007           No PMI Required                                                   2.25                                    10.5
0080023006                     3/1/2007           No PMI Required                                                   2.25                                  11.375
0080023007                     2/1/2007           No PMI Required                                                   2.25                                   10.75
0080023010                     2/1/2007           No PMI Required                                                   2.25                                  10.875
0080023011                     2/1/2007           No PMI Required                                                   2.25                                    10.5
0080023012                     2/1/2007           No PMI Required                                                   2.25                                   10.75
0080023013                     2/1/2007           No PMI Required                                                   2.25                                  11.125
0080023014                     2/1/2007           No PMI Required                                                   2.25                                  10.875
0080023015                     3/1/2007           No PMI Required                                                   2.25                                      11
0080023016                     2/1/2007           No PMI Required                                                   2.25                                  10.875
0080023017                     2/1/2007           No PMI Required                                                   2.25                                  11.125
0080023018                     3/1/2007           No PMI Required                                                   2.25                                   10.75
0080023019                     2/1/2007           No PMI Required                                                   2.25                                  10.875
0080023020                     2/1/2007           No PMI Required                                                   2.25                                    11.5
0080023021                     3/1/2007           No PMI Required                                                   2.25                                      11
0080023022                     2/1/2007           No PMI Required                                                   2.25                                  10.625
0080023023                     2/1/2007           No PMI Required                                                   2.25                                  10.875
0080023024                     3/1/2007           No PMI Required                                                   2.25                                  10.875
0080023025                     3/1/2007           No PMI Required                                                   2.25                                  10.875
0080023026                     2/1/2007           No PMI Required                                                   2.25                                  10.875
0080023027                     3/1/2007           No PMI Required                                                   2.25                                  11.375
0080023028                     2/1/2007           No PMI Required                                                   2.25                                  11.125
0080023029                     3/1/2007           No PMI Required                                                   2.25                                    11.5
0080023030                     2/1/2007           No PMI Required                                                   2.25                                      11
0080023031                     2/1/2007           No PMI Required                                                   2.25                                  11.625
0080023032                     2/1/2007           No PMI Required                                                   2.25                                  10.875
0080023034                     2/1/2007           No PMI Required                                                   2.25                                  10.875
0080023036                     2/1/2007           No PMI Required                                                   2.25                                  11.875
0080023037                     2/1/2007           No PMI Required                                                   2.25                                   11.25
0080023038                     2/1/2007           No PMI Required                                                   2.25                                  10.625
0080023039                     2/1/2007           No PMI Required                                                   2.25                                    11.5
0080023040                     2/1/2007           No PMI Required                                                   2.25                                      11
0080023041                     2/1/2007           REPUBLIC MORTGAGE INS COMPANY                                     2.25                                  10.875
0080023042                     3/1/2007           No PMI Required                                                   2.25                                   11.75
0080023043                     3/1/2007           No PMI Required                                                   2.25                                      11
0080023044                     2/1/2007           No PMI Required                                                   2.25                                   11.25
0080023045                     2/1/2007           No PMI Required                                                   2.25                                  10.875
0080023046                     2/1/2007           No PMI Required                                                   2.25                                  10.875
0080023047                     2/1/2007           No PMI Required                                                   2.25                                   11.25
0080023048                     2/1/2007           No PMI Required                                                   2.25                                  11.125
0080023049                     2/1/2007           No PMI Required                                                   2.25                                   10.75
0080023051                     2/1/2007           No PMI Required                                                   2.25                                  11.625
0080023052                     3/1/2007           No PMI Required                                                   2.25                                      11
0080023053                     3/1/2007           No PMI Required                                                   2.25                                   11.75
0080023054                     2/1/2007           No PMI Required                                                   2.25                                  10.875
0080023055                     2/1/2007           No PMI Required                                                   2.25                                      11
0080023056                     2/1/2007           No PMI Required                                                   2.25                                  11.125
0080023057                     3/1/2007           No PMI Required                                                   2.25                                      11
0080023058                     2/1/2007           No PMI Required                                                   2.25                                  10.875
0080023059                     2/1/2007           No PMI Required                                                   2.25                                      11
0080023060                     2/1/2007           No PMI Required                                                   2.25                                  11.125
0080023061                     3/1/2007           No PMI Required                                                   2.25                                  11.125
0080023062                     3/1/2007           No PMI Required                                                   2.25                                      11
0080023063                     3/1/2007           No PMI Required                                                   2.25                                      11
0080023064                     2/1/2007           No PMI Required                                                   2.25                                      11
0080023065                     2/1/2007           No PMI Required                                                   2.25                                      11
0080023066                     3/1/2007           No PMI Required                                                   2.25                                  11.375
0080023067                     2/1/2007           No PMI Required                                                   2.25                                  11.875
0080023068                     2/1/2007           No PMI Required                                                   2.25                                  11.875
0080023069                     2/1/2007           No PMI Required                                                   2.25                                      11
0080023070                     2/1/2007           No PMI Required                                                   2.25                                  11.875
0080023071                     2/1/2007           No PMI Required                                                   2.25                                    11.5
0080023075                     2/1/2007           No PMI Required                                                   2.25                                    11.5
0080023076                     2/1/2007           No PMI Required                                                   2.25                                   10.75
0080023077                     2/1/2007           No PMI Required                                                   2.25                                    11.5
0080023079                     2/1/2007           No PMI Required                                                   2.25                                   10.75
0080023080                     2/1/2007           No PMI Required                                                   2.25                                  11.375
0080023082                     2/1/2007           PMI MORTGAGE INSURANCE COMPANY                                    2.25                                      12
0080023083                     2/1/2007           No PMI Required                                                   2.25                                  10.875
0080023084                     2/1/2007           No PMI Required                                                   2.25                                      11
0080023085                     2/1/2007           No PMI Required                                                   2.25                                  10.375
0080023086                     4/1/2007           No PMI Required                                                   2.25                                    10.5
0080023087                     4/1/2007           No PMI Required                                                   2.25                                   10.75
0080023088                     3/1/2007           No PMI Required                                                   2.25                                  11.125
0080023089                     2/1/2007           No PMI Required                                                   2.25                                  11.125
0080023090                     2/1/2007           No PMI Required                                                   2.25                                   10.25
0080023091                     3/1/2007           No PMI Required                                                   2.25                                  11.125
0080023092                     3/1/2007           No PMI Required                                                   2.25                                   11.75
0080023093                     2/1/2007           No PMI Required                                                   2.25                                  11.375
0080023094                     2/1/2007           No PMI Required                                                   2.25                                   10.75
0080023095                     2/1/2007           No PMI Required                                                   2.25                                   11.25
0080023096                     2/1/2007           No PMI Required                                                   2.25                                    11.5
0080023097                     2/1/2007           No PMI Required                                                   2.25                                   10.75
0080023098                     2/1/2007           No PMI Required                                                   2.25                                    10.5
0080023099                     2/1/2007           No PMI Required                                                   2.25                                   11.25
0080023100                     2/1/2007           No PMI Required                                                   2.25                                  10.375
0080023101                     3/1/2007           No PMI Required                                                   2.25                                  10.875
0080023102                     2/1/2007           No PMI Required                                                   2.25                                  11.375
0080023103                     3/1/2007           No PMI Required                                                   2.25                                  11.375
0080023104                     3/1/2007           No PMI Required                                                   2.25                                   11.75
0080023105                     3/1/2007           No PMI Required                                                   2.25                                    10.5
0080023106                     2/1/2007           No PMI Required                                                   2.25                                   10.75
0080023107                     2/1/2007           No PMI Required                                                   2.25                                      11
0080023108                     2/1/2007           No PMI Required                                                   2.25                                  11.375
0080023109                     3/1/2007           No PMI Required                                                   2.25                                   11.25
0080023110                     2/1/2007           No PMI Required                                                   2.25                                  10.875
0080023111                     3/1/2007           No PMI Required                                                   2.25                                  11.375
0080023112                     2/1/2007           No PMI Required                                                   2.25                                  11.125
0080023113                     2/1/2007           No PMI Required                                                   2.25                                  11.625
0080023114                     2/1/2007           No PMI Required                                                   2.25                                   10.75
0080023115                     2/1/2007           No PMI Required                                                   2.25                                   11.25
0080023116                     3/1/2007           No PMI Required                                                   2.25                                  11.125
0080023117                     2/1/2007           No PMI Required                                                   2.25                                  10.875
0080023119                     2/1/2007           No PMI Required                                                   2.25                                   11.25
0080023120                     3/1/2007           No PMI Required                                                   2.25                                   10.75
0080023121                     2/1/2007           No PMI Required                                                   2.25                                   10.75
0080023122                     3/1/2007           No PMI Required                                                   2.25                                    11.5
0080023123                     3/1/2007           No PMI Required                                                   2.25                                  11.125
0080023124                     3/1/2007           No PMI Required                                                   2.25                                      11
0080023125                     3/1/2007           No PMI Required                                                   2.25                                   11.75
0080023126                     2/1/2007           No PMI Required                                                   2.25                                      11
0080023128                     2/1/2007           No PMI Required                                                   2.25                                   11.25
0080023129                     2/1/2007           No PMI Required                                                   2.25                                      11
0080023130                     2/1/2007           No PMI Required                                                   2.25                                   10.75
0080023131                     3/1/2007           No PMI Required                                                   2.25                                  11.125
0080023132                     2/1/2007           No PMI Required                                                   2.25                                   11.25
0080023134                     2/1/2007           No PMI Required                                                   2.25                                  10.875
0080023135                     2/1/2007           No PMI Required                                                   2.25                                    11.5
0080023136                     3/1/2007           No PMI Required                                                   2.25                                    10.5
0080023137                     2/1/2007           No PMI Required                                                   2.25                                  11.375
0080023138                     2/1/2007           No PMI Required                                                   2.25                                  11.875
0080023139                     2/1/2007           No PMI Required                                                   2.25                                   11.75
0080023140                     2/1/2007           No PMI Required                                                   2.25                                  11.375
0080023141                     2/1/2007           No PMI Required                                                   2.25                                    11.5
0080023142                     3/1/2007           No PMI Required                                                   2.25                                  10.875
0080023143                     3/1/2007           No PMI Required                                                   2.25                                    11.5
0080023144                     3/1/2007           PMI MORTGAGE INSURANCE COMPANY                                    2.25                                  11.125
0080023145                     2/1/2007           No PMI Required                                                   2.25                                   10.75
0080023146                     2/1/2007           No PMI Required                                                   2.25                                   11.25
0080023147                     3/1/2007           No PMI Required                                                   2.25                                    11.5
0080023148                     2/1/2007           No PMI Required                                                   2.25                                   10.75
0080023149                     3/1/2007           No PMI Required                                                   2.25                                  10.875
0080023150                     3/1/2007           No PMI Required                                                   2.25                                  11.125
0080023151                     3/1/2007           No PMI Required                                                   2.25                                   11.25
0080023152                     2/1/2007           No PMI Required                                                   2.25                                  10.875
0080023154                     2/1/2007           No PMI Required                                                   2.25                                  10.875
0080023155                     2/1/2007           No PMI Required                                                   2.25                                      11
0080023156                     2/1/2007           No PMI Required                                                   2.25                                  11.625
0080023157                     2/1/2007           No PMI Required                                                   2.25                                   10.75
0080023158                     3/1/2007           No PMI Required                                                   2.25                                  10.875
0080023159                     2/1/2007           No PMI Required                                                   2.25                                  10.875
0080023160                     2/1/2007           No PMI Required                                                   2.25                                  11.375
0080023161                     3/1/2007           No PMI Required                                                   2.25                                      11
0080023162                     2/1/2007           No PMI Required                                                   2.25                                  10.375
0080023163                     2/1/2007           No PMI Required                                                   2.25                                   12.25
0080023261                     2/1/2007           No PMI Required                                                   2.25                                  11.875
0080023262                     2/1/2007           No PMI Required                                                   2.25                                   12.75
0080023263                     2/1/2007           No PMI Required                                                   2.25                                   11.75
0080023264                     2/1/2007           No PMI Required                                                   2.25                                   11.75
0080023266                     2/1/2007           No PMI Required                                                   2.25                                   11.25
0080023269                     2/1/2007           No PMI Required                                                   2.25                                   11.75
0080023270                     2/1/2007           No PMI Required                                                   2.25                                  11.125
0080023271                     2/1/2007           No PMI Required                                                   2.25                                   11.75
0080023274                     2/1/2007           No PMI Required                                                   2.25                                  11.125
0080023275                     2/1/2007           No PMI Required                                                   2.25                                      11
0080023277                     2/1/2007           No PMI Required                                                   2.25                                  10.625
0080023280                     2/1/2007           No PMI Required                                                   2.25                                   11.25
0080023282                     2/1/2007           No PMI Required                                                   2.25                                    11.5
0080023285                     2/1/2007           No PMI Required                                                   2.25                                      11
0080023287                     3/1/2007           No PMI Required                                                   2.25                                    11.5
0080023289                     2/1/2007           No PMI Required                                                   2.25                                   11.25
0080023291                     2/1/2007           No PMI Required                                                   2.25                                  11.375
0080023292                     2/1/2007           No PMI Required                                                   2.25                                  11.125
0080023293                     2/1/2007           No PMI Required                                                   2.25                                  11.125
0080023294                     2/1/2007           No PMI Required                                                   2.25                                      11
0080023295                     2/1/2007           No PMI Required                                                   2.25                                  11.375
0080023296                     3/1/2007           No PMI Required                                                   2.25                                      11
0080023297                     2/1/2007           No PMI Required                                                   2.25                                   11.25
0080023298                     2/1/2007           No PMI Required                                                   2.25                                  10.875
0080023299                     2/1/2007           No PMI Required                                                   2.25                                    11.5
0080023300                     2/1/2007           No PMI Required                                                   2.25                                  11.125
0080023301                     2/1/2007           No PMI Required                                                   2.25                                  11.375
0080023302                     2/1/2007           No PMI Required                                                   2.25                                  10.875
0080023303                     2/1/2007           No PMI Required                                                   2.25                                  11.625
0080023304                     2/1/2007           No PMI Required                                                   2.25                                  11.375
0080023305                     2/1/2007           No PMI Required                                                   2.25                                    10.5
0080023306                     2/1/2007           No PMI Required                                                   2.25                                  11.375
0080023307                     2/1/2007           No PMI Required                                                   2.25                                  11.125
0080023308                     2/1/2007           No PMI Required                                                   2.25                                  11.375
0080023309                     2/1/2007           No PMI Required                                                   2.25                                      12
0080023310                     2/1/2007           No PMI Required                                                   2.25                                      11
0080023311                     3/1/2007           No PMI Required                                                   2.25                                   11.25
0080023312                     3/1/2007           No PMI Required                                                   2.25                                  11.375
0080023313                     2/1/2007           No PMI Required                                                   2.25                                    11.5
0080023314                     2/1/2007           No PMI Required                                                   2.25                                   11.25
0080023315                     2/1/2007           No PMI Required                                                   2.25                                   11.75
0080023316                     2/1/2007           No PMI Required                                                   2.25                                  11.125
0080023317                     3/1/2007           No PMI Required                                                   2.25                                  11.375
0080023318                     2/1/2007           No PMI Required                                                   2.25                                   11.25
0080023319                     2/1/2007           No PMI Required                                                   2.25                                   11.75
0080023320                     3/1/2007           No PMI Required                                                   2.25                                  11.375
0080023321                     2/1/2007           No PMI Required                                                   2.25                                   11.25
0080023322                     2/1/2007           No PMI Required                                                   2.25                                   11.25
0080023323                     2/1/2007           No PMI Required                                                   2.25                                    11.5
0080023324                     3/1/2007           No PMI Required                                                   2.25                                  11.375
0080023325                     2/1/2007           No PMI Required                                                   2.25                                  11.375
0080023326                     2/1/2007           No PMI Required                                                   2.25                                   11.25
0080023327                     2/1/2007           No PMI Required                                                   2.25                                  10.875
0080023328                     3/1/2007           No PMI Required                                                   2.25                                   11.25
0080023329                     2/1/2007           No PMI Required                                                   2.25                                  11.125
0080023331                     2/1/2007           No PMI Required                                                   2.25                                   11.25
0080023332                     2/1/2007           No PMI Required                                                   2.25                                  11.625
0080023333                     2/1/2007           No PMI Required                                                   2.25                                    11.5
0080023334                     2/1/2007           No PMI Required                                                   2.25                                    11.5
0080023335                     2/1/2007           No PMI Required                                                   2.25                                   11.75
0080023336                     2/1/2007           No PMI Required                                                   2.25                                    11.5
0080023337                     3/1/2007           No PMI Required                                                   2.25                                    11.5

Loan Number                       Lifetime Min Mortgage Rate        Periodic Cap          Days Delinquent            ARM Fixed Rate Period
0080014102                                              2.25                   2                        0                               36
0080014285                                              2.25                   2                        0                               60
0080014896                                              2.25                   2                        0                               60
0080014915                                              2.25                   2                        0                               60
0080014921                                              2.25                   2                        0                               60
0080014928                                              2.25                   2                        0                               60
0080014937                                              2.25                   2                        0                               60
0080014993                                              2.25                   2                        0                               60
0080015005                                              2.25                   2                        0                               60
0080015013                                              2.25                   2                        0                               60
0080015014                                              2.25                   2                        0                               60
0080015027                                              2.25                   2                        0                               60
0080015034                                              2.25                   2                        0                               60
0080015038                                              2.25                   2                        0                               60
0080015044                                              2.25                   2                        0                               60
0080015050                                              2.25                   2                        0                               60
0080015051                                              2.25                   2                        0                               60
0080015061                                              2.25                   2                        0                               60
0080015070                                              2.25                   2                        0                               60
0080015073                                              2.25                   2                        0                               60
0080015078                                              2.25                   2                        0                               60
0080015170                                              2.25                   2                        0                              120
0080015213                                              2.25                   2                        0                              120
0080018067                                              2.25                   2                        0                               60
0080018070                                              2.25                   2                        0                               60
0080018078                                              2.25                   2                        0                               60
0080018101                                              2.25                   2                        0                               60
0080018143                                              2.25                   2                        0                               60
0080018149                                              2.25                   2                        0                               60
0080018153                                              2.25                   2                        0                               60
0080018169                                              2.25                   2                        0                               84
0080018170                                              2.25                   2                        0                               84
0080018171                                              2.25                   2                        0                               84
0080018173                                              2.25                   2                        0                               84
0080018174                                              2.25                   2                        0                               84
0080018175                                              2.25                   2                        0                               84
0080018177                                              2.25                   2                        0                               84
0080018178                                              2.25                   2                        0                               84
0080018179                                              2.25                   2                        0                               84
0080018181                                              2.25                   2                        0                               84
0080018182                                              2.25                   2                        0                               84
0080018183                                              2.25                   2                        0                               84
0080018184                                              2.25                   2                        0                               84
0080018186                                              2.25                   2                        0                               84
0080018187                                              2.25                   2                        0                               84
0080018188                                              2.25                   2                        0                               84
0080018189                                              2.25                   2                        0                               84
0080018190                                              2.25                   2                        0                               84
0080018192                                              2.25                   2                        0                               84
0080018194                                              2.25                   2                        0                               84
0080018196                                              2.25                   2                        0                               84
0080018197                                              2.25                   2                        0                               84
0080018198                                              2.25                   2                        0                               84
0080018199                                              2.25                   2                        0                               84
0080018200                                              2.25                   2                        0                               84
0080018201                                              2.25                   2                        0                               84
0080018205                                              2.25                   2                        0                               84
0080018206                                              2.25                   2                        0                               84
0080018207                                              2.25                   2                        0                               84
0080018208                                              2.25                   2                        0                               84
0080018209                                              2.25                   2                        0                               84
0080018211                                              2.25                   2                        0                               84
0080018214                                              2.25                   2                        0                               84
0080018215                                              2.25                   2                        0                               84
0080018217                                              2.25                   2                        0                               84
0080018218                                              2.25                   2                        0                               84
0080018220                                              2.25                   2                        0                               84
0080018222                                              2.25                   2                        0                               84
0080018224                                              2.25                   2                        0                               84
0080018225                                              2.25                   2                        0                               84
0080018655                                              2.75                   2                        0                               84
0080018826                                              2.75                   2                        0                               84
0080018953                                              2.75                   2                        0                               84
0080022205                                              2.75                   2                        0                               36
0080022207                                              2.75                   2                        0                               36
0080022208                                              2.75                   2                        0                               36
0080022210                                              2.75                   2                        0                               36
0080022212                                              2.75                   2                        0                               36
0080022213                                              2.75                   2                        0                               36
0080022214                                              2.75                   2                        0                               36
0080022215                                              2.75                   2                        0                               36
0080022217                                              2.75                   2                        0                               36
0080022218                                              2.75                   2                        0                               36
0080022220                                              2.75                   2                        0                               36
0080022222                                              2.75                   2                        0                               36
0080022225                                              2.75                   2                        0                               36
0080022226                                              2.75                   2                        0                               36
0080022227                                              2.75                   2                        0                               36
0080022228                                              2.75                   2                        0                               36
0080022231                                              2.75                   2                        0                               36
0080022232                                              2.75                   2                        0                               36
0080022236                                              2.75                   2                        0                               36
0080022241                                              2.75                   2                        0                               36
0080022244                                              2.75                   2                        0                               36
0080022245                                              2.75                   2                        0                               36
0080022249                                              2.75                   2                        0                               36
0080022252                                              2.75                   2                        0                               36
0080022253                                              2.75                   2                        0                               36
0080022255                                              2.75                   2                        0                               36
0080022256                                              2.75                   2                        0                               36
0080022258                                              2.75                   2                        0                               36
0080022259                                              2.75                   2                        0                               36
0080022260                                              2.75                   2                        0                               36
0080022261                                              2.75                   2                        0                               36
0080022262                                              2.75                   2                        0                               36
0080022268                                              2.75                   2                        0                               36
0080022270                                              2.75                   2                        0                               36
0080022274                                              2.75                   2                        0                               36
0080022275                                              2.75                   2                        0                               36
0080022276                                              2.75                   2                        0                               36
0080022277                                              2.75                   2                        0                               36
0080022278                                              2.75                   2                        0                               36
0080022283                                              2.75                   2                        0                               36
0080022285                                              2.75                   2                        0                               36
0080022289                                              2.75                   2                        0                               36
0080022290                                              2.75                   2                        0                               36
0080022294                                              2.75                   2                        0                               36
0080022295                                              2.75                   2                        0                               36
0080022297                                              2.75                   2                        0                               36
0080022298                                              2.75                   2                        0                               36
0080022299                                              2.75                   2                        0                               36
0080022300                                              2.25                   2                        0                               36
0080022301                                              2.25                   2                        0                               36
0080022302                                              2.25                   2                        0                               36
0080022303                                              2.25                   2                        0                               36
0080022313                                              2.25                   2                        0                               60
0080022314                                              2.25                   2                        0                               60
0080022315                                              2.25                   2                        0                               60
0080022318                                              2.25                   2                        0                               60
0080022321                                              2.25                   2                        0                               60
0080022325                                              2.25                   2                        0                               60
0080022327                                              2.25                   2                        0                               60
0080022329                                              2.25                   2                        0                               60
0080022333                                              2.25                   2                        0                               60
0080022339                                              2.25                   2                        0                               60
0080022343                                              2.25                   2                        0                               60
0080022344                                              2.25                   2                        0                               60
0080022345                                              2.25                   2                        0                               60
0080022346                                              2.25                   2                        0                               60
0080022347                                              2.25                   2                        0                               60
0080022349                                              2.25                   2                        0                               60
0080022352                                              2.25                   2                        0                               60
0080022358                                              2.25                   2                        0                               84
0080022359                                              2.25                   2                        0                               84
0080022360                                              2.25                   2                        0                               84
0080022363                                              2.25                   2                        0                               84
0080022364                                              2.25                   2                        0                               84
0080022367                                              2.25                   2                        0                               84
0080022369                                              2.25                   2                        0                               84
0080022370                                              2.25                   2                        0                               84
0080022372                                              2.25                   2                        0                               84
0080022373                                              2.25                   2                        0                               84
0080022374                                              2.25                   2                        0                               84
0080022375                                              2.25                   2                        0                               84
0080022376                                              2.25                   2                        0                               84
0080022377                                              2.25                   2                        0                               84
0080022378                                              2.25                   2                        0                               84
0080022379                                              2.25                   2                        0                               84
0080022380                                              2.25                   2                        0                               84
0080022381                                              2.25                   2                        0                               84
0080022382                                              2.25                   2                        0                               84
0080022384                                              2.25                   2                        0                               84
0080022386                                              2.25                   2                        0                               84
0080022387                                              2.25                   2                        0                               84
0080022389                                              2.25                   2                        0                               84
0080022393                                              2.25                   2                        0                               84
0080022395                                              2.25                   2                        0                               84
0080022396                                             2.625                   2                        0                               84
0080022397                                              2.25                   2                        0                               84
0080022398                                              2.25                   2                        0                               84
0080022399                                              2.25                   2                        0                               84
0080022400                                              2.25                   2                        0                               84
0080022401                                              2.25                   2                        0                               84
0080022402                                              2.25                   2                        0                               84
0080022403                                              2.25                   2                        0                               84
0080022404                                              2.25                   2                        0                               84
0080022406                                              2.25                   2                        0                               84
0080022407                                              2.25                   2                        0                               84
0080022408                                              2.25                   2                        0                               84
0080022409                                              2.25                   2                        0                               84
0080022410                                              2.25                   2                        0                               84
0080022411                                              2.25                   2                        0                               84
0080022413                                              2.25                   2                        0                               84
0080022414                                              2.25                   2                        0                               84
0080022415                                              2.25                   2                        0                               84
0080022416                                              2.25                   2                        0                               84
0080022417                                              2.25                   2                        0                               84
0080022418                                              2.25                   2                        0                               84
0080022419                                              2.25                   2                        0                               84
0080022420                                              2.25                   2                        0                              120
0080022421                                              2.25                   2                        0                              120
0080022422                                              2.25                   2                        0                              120
0080022423                                              2.25                   2                        0                              120
0080022424                                              2.25                   2                        0                              120
0080022425                                              2.25                   2                        0                              120
0080022426                                              2.25                   2                        0                              120
0080022427                                              2.25                   2                        0                              120
0080022428                                              2.25                   2                        0                              120
0080022429                                              2.25                   2                        0                              120
0080022430                                             2.625                   2                        0                              120
0080022431                                              2.25                   2                        0                              120
0080022432                                              2.25                   2                        0                              120
0080022433                                              2.25                   2                        0                              120
0080022434                                              2.25                   2                        0                              120
0080022435                                              2.25                   2                        0                              120
0080022436                                              2.25                   2                        0                              120
0080022437                                              2.25                   2                        0                              120
0080022439                                              2.25                   2                        0                              120
0080022440                                              2.25                   2                        0                              120
0080022441                                              2.25                   2                        0                              120
0080022442                                              2.25                   2                        0                              120
0080022443                                              2.25                   2                        0                              120
0080022444                                              2.25                   2                        0                              120
0080022445                                              2.25                   2                        0                              120
0080022446                                             2.625                   2                        0                              120
0080022447                                              2.25                   2                        0                              120
0080022449                                              2.25                   2                        0                              120
0080022450                                             2.625                   2                        0                              120
0080022451                                              2.25                   2                        0                              120
0080022452                                              2.25                   2                        0                              120
0080022453                                              2.25                   2                        0                              120
0080022454                                              2.25                   2                        0                              120
0080022455                                              2.25                   2                        0                              120
0080022880                                              2.25                   2                        0                               36
0080022881                                              2.25                   2                        0                               36
0080022882                                              2.25                   2                        0                               36
0080022883                                              2.25                   2                        0                               36
0080022884                                              2.25                   2                        0                               36
0080022885                                              2.25                   2                        0                               36
0080022887                                              2.25                   2                        0                               36
0080022888                                              2.25                   2                        0                               36
0080022893                                              2.25                   2                        0                               60
0080022894                                              2.25                   2                        0                               60
0080022895                                              2.25                   2                        0                               60
0080022900                                              2.25                   2                        0                               60
0080022901                                              2.25                   2                        0                               60
0080022902                                              2.25                   2                        0                               60
0080022906                                              2.25                   2                        0                               60
0080022907                                              2.25                   2                        0                               60
0080022908                                              2.25                   2                        0                               60
0080022909                                              2.25                   2                        0                               60
0080022910                                              2.25                   2                        0                               60
0080022911                                              2.25                   2                        0                               60
0080022913                                              2.25                   2                        0                               60
0080022915                                              2.25                   2                        0                               60
0080022917                                              2.25                   2                        0                               60
0080022918                                              2.25                   2                        0                               60
0080022920                                              2.25                   2                        0                               60
0080022922                                              2.25                   2                        0                               60
0080022924                                              2.25                   2                        0                               60
0080022925                                              2.25                   2                        0                               60
0080022928                                              2.25                   2                        0                               60
0080022929                                              2.25                   2                        0                               60
0080022930                                              2.25                   2                        0                               60
0080022931                                              2.25                   2                        0                               60
0080022933                                              2.25                   2                        0                               84
0080022934                                              2.25                   2                        0                               84
0080022936                                              2.25                   2                        0                               84
0080022937                                              2.25                   2                        0                               84
0080022939                                              2.25                   2                        0                               84
0080022942                                              2.25                   2                        0                               84
0080022943                                              2.25                   2                        0                               84
0080022944                                              2.25                   2                        0                               84
0080022945                                              2.25                   2                        0                               84
0080022948                                              2.25                   2                        0                               84
0080022949                                              2.25                   2                        0                               84
0080022950                                              2.25                   2                        0                               84
0080022952                                              2.25                   2                        0                               84
0080022953                                              2.25                   2                        0                               84
0080022954                                              2.25                   2                        0                               84
0080022955                                              2.25                   2                        0                               84
0080022956                                              2.25                   2                        0                               84
0080022957                                              2.25                   2                        0                               84
0080022958                                              2.25                   2                        0                               84
0080022959                                              2.25                   2                        0                               84
0080022960                                              2.25                   2                        0                               84
0080022961                                              2.25                   2                        0                               84
0080022962                                              2.25                   2                        0                               84
0080022964                                              2.25                   2                        0                              120
0080022965                                              2.25                   2                        0                              120
0080022967                                              2.25                   2                        0                              120
0080022968                                              2.25                   2                        0                              120
0080022969                                              2.25                   2                        0                              120
0080022970                                              2.25                   2                        0                              120
0080022972                                              2.25                   2                        0                               60
0080022973                                              2.25                   2                        0                               60
0080022974                                              2.25                   2                        0                               60
0080022975                                              2.25                   2                        0                               60
0080022976                                              2.25                   2                        0                               60
0080022978                                              2.25                   2                        0                               60
0080022979                                              2.25                   2                        0                               60
0080022980                                              2.25                   2                        0                               60
0080022981                                              2.25                   2                        0                               60
0080022983                                              2.25                   2                        0                               60
0080022984                                              2.25                   2                        0                               60
0080022985                                              2.25                   2                        0                               60
0080022986                                              2.25                   2                        0                               60
0080022987                                              2.25                   2                        0                               60
0080022988                                              2.25                   2                        0                               60
0080022989                                              2.25                   2                        0                               60
0080022990                                              2.25                   2                        0                               60
0080022991                                              2.25                   2                        0                               60
0080022992                                              2.25                   2                        0                               60
0080022993                                              2.25                   2                        0                               60
0080022994                                              2.25                   2                        0                               60
0080022995                                              2.25                   2                        0                               60
0080022996                                              2.25                   2                        0                               60
0080022997                                              2.25                   2                        0                               60
0080022998                                              2.25                   2                        0                               60
0080023000                                              2.25                   2                        0                               60
0080023001                                              2.25                   2                        0                               60
0080023002                                              2.25                   2                        0                               60
0080023003                                              2.25                   2                        0                               60
0080023004                                              2.25                   2                        0                               60
0080023005                                              2.25                   2                        0                               60
0080023006                                              2.25                   2                        0                               60
0080023007                                              2.25                   2                        0                               60
0080023010                                              2.25                   2                        0                               60
0080023011                                              2.25                   2                        0                               60
0080023012                                              2.25                   2                        0                               60
0080023013                                              2.25                   2                        0                               60
0080023014                                              2.25                   2                        0                               60
0080023015                                              2.25                   2                        0                               60
0080023016                                              2.25                   2                        0                               60
0080023017                                              2.25                   2                        0                               60
0080023018                                              2.25                   2                        0                               60
0080023019                                              2.25                   2                        0                               60
0080023020                                              2.25                   2                        0                               60
0080023021                                              2.25                   2                        0                               60
0080023022                                              2.25                   2                        0                               60
0080023023                                              2.25                   2                        0                               60
0080023024                                              2.25                   2                        0                               60
0080023025                                              2.25                   2                        0                               60
0080023026                                              2.25                   2                        0                               60
0080023027                                              2.25                   2                        0                               60
0080023028                                              2.25                   2                        0                               60
0080023029                                              2.25                   2                        0                               60
0080023030                                              2.25                   2                        0                               60
0080023031                                              2.25                   2                        0                               60
0080023032                                              2.25                   2                        0                               60
0080023034                                              2.25                   2                        0                               60
0080023036                                              2.25                   2                        0                               60
0080023037                                              2.25                   2                        0                               60
0080023038                                              2.25                   2                        0                               60
0080023039                                              2.25                   2                        0                               60
0080023040                                              2.25                   2                        0                               60
0080023041                                              2.25                   2                        0                               60
0080023042                                              2.25                   2                        0                               60
0080023043                                              2.25                   2                        0                               60
0080023044                                              2.25                   2                        0                               60
0080023045                                              2.25                   2                        0                               60
0080023046                                              2.25                   2                        0                               60
0080023047                                              2.25                   2                        0                               60
0080023048                                              2.25                   2                        0                               60
0080023049                                              2.25                   2                        0                               60
0080023051                                              2.25                   2                        0                               60
0080023052                                              2.25                   2                        0                               60
0080023053                                              2.25                   2                        0                               60
0080023054                                              2.25                   2                        0                               60
0080023055                                              2.25                   2                        0                               60
0080023056                                              2.25                   2                        0                               60
0080023057                                              2.25                   2                        0                               60
0080023058                                              2.25                   2                        0                               60
0080023059                                              2.25                   2                        0                               60
0080023060                                              2.25                   2                        0                               60
0080023061                                              2.25                   2                        0                               60
0080023062                                              2.25                   2                        0                               60
0080023063                                              2.25                   2                        0                               60
0080023064                                              2.25                   2                        0                               60
0080023065                                              2.25                   2                        0                               60
0080023066                                              2.25                   2                        0                               60
0080023067                                              2.25                   2                        0                               60
0080023068                                              2.25                   2                        0                               60
0080023069                                              2.25                   2                        0                               60
0080023070                                              2.25                   2                        0                               60
0080023071                                              2.25                   2                        0                               60
0080023075                                              2.25                   2                        0                               60
0080023076                                              2.25                   2                        0                               60
0080023077                                              2.25                   2                        0                               60
0080023079                                              2.25                   2                        0                               60
0080023080                                              2.25                   2                        0                               60
0080023082                                              2.25                   2                        0                               60
0080023083                                              2.25                   2                        0                               60
0080023084                                              2.25                   2                        0                               60
0080023085                                              2.25                   2                        0                               60
0080023086                                              2.25                   2                        0                               60
0080023087                                              2.25                   2                        0                               60
0080023088                                              2.25                   2                        0                               60
0080023089                                              2.25                   2                        0                               60
0080023090                                              2.25                   2                        0                               60
0080023091                                              2.25                   2                        0                               60
0080023092                                              2.25                   2                        0                               60
0080023093                                              2.25                   2                        0                               60
0080023094                                              2.25                   2                        0                               60
0080023095                                              2.25                   2                        0                               60
0080023096                                              2.25                   2                        0                               60
0080023097                                              2.25                   2                        0                               60
0080023098                                              2.25                   2                        0                               60
0080023099                                              2.25                   2                        0                               60
0080023100                                              2.25                   2                        0                               60
0080023101                                              2.25                   2                        0                               60
0080023102                                              2.25                   2                        0                               60
0080023103                                              2.25                   2                        0                               60
0080023104                                              2.25                   2                        0                               60
0080023105                                              2.25                   2                        0                               60
0080023106                                              2.25                   2                        0                               60
0080023107                                              2.25                   2                        0                               60
0080023108                                              2.25                   2                        0                               60
0080023109                                              2.25                   2                        0                               60
0080023110                                              2.25                   2                        0                               60
0080023111                                              2.25                   2                        0                               60
0080023112                                              2.25                   2                        0                               60
0080023113                                              2.25                   2                        0                               60
0080023114                                              2.25                   2                        0                               60
0080023115                                              2.25                   2                        0                               60
0080023116                                              2.25                   2                        0                               60
0080023117                                              2.25                   2                        0                               60
0080023119                                              2.25                   2                        0                               60
0080023120                                              2.25                   2                        0                               60
0080023121                                              2.25                   2                        0                               60
0080023122                                              2.25                   2                        0                               60
0080023123                                              2.25                   2                        0                               60
0080023124                                              2.25                   2                        0                               60
0080023125                                              2.25                   2                        0                               60
0080023126                                              2.25                   2                        0                               60
0080023128                                              2.25                   2                        0                               60
0080023129                                              2.25                   2                        0                               60
0080023130                                              2.25                   2                        0                               60
0080023131                                              2.25                   2                        0                               60
0080023132                                              2.25                   2                        0                               60
0080023134                                              2.25                   2                        0                               60
0080023135                                              2.25                   2                        0                               60
0080023136                                              2.25                   2                        0                               60
0080023137                                              2.25                   2                        0                               60
0080023138                                              2.25                   2                        0                               60
0080023139                                              2.25                   2                        0                               60
0080023140                                              2.25                   2                        0                               60
0080023141                                              2.25                   2                        0                               60
0080023142                                              2.25                   2                        0                               60
0080023143                                              2.25                   2                        0                               60
0080023144                                              2.25                   2                        0                               60
0080023145                                              2.25                   2                        0                               60
0080023146                                              2.25                   2                        0                               60
0080023147                                              2.25                   2                        0                               60
0080023148                                              2.25                   2                        0                               60
0080023149                                              2.25                   2                        0                               60
0080023150                                              2.25                   2                        0                               60
0080023151                                              2.25                   2                        0                               60
0080023152                                              2.25                   2                        0                               60
0080023154                                              2.25                   2                        0                               60
0080023155                                              2.25                   2                        0                               60
0080023156                                              2.25                   2                        0                               60
0080023157                                              2.25                   2                        0                               60
0080023158                                              2.25                   2                        0                               60
0080023159                                              2.25                   2                        0                               60
0080023160                                              2.25                   2                        0                               60
0080023161                                              2.25                   2                        0                               60
0080023162                                              2.25                   2                        0                               60
0080023163                                              2.25                   2                        0                               60
0080023261                                              2.25                   2                        0                               12
0080023262                                              2.25                   2                        0                               36
0080023263                                              2.25                   2                        0                               36
0080023264                                              2.25                   2                        0                               36
0080023266                                              2.25                   2                        0                               60
0080023269                                              2.25                   2                        0                               60
0080023270                                              2.25                   2                        0                               60
0080023271                                              2.25                   2                        0                               60
0080023274                                              2.25                   2                        0                               60
0080023275                                              2.25                   2                        0                               60
0080023277                                              2.25                   2                        0                               60
0080023280                                              2.25                   2                        0                               60
0080023282                                              2.25                   2                        0                               60
0080023285                                              2.25                   2                        0                               60
0080023287                                              2.25                   2                        0                               60
0080023289                                              2.25                   2                        0                               60
0080023291                                              2.25                   2                        0                               60
0080023292                                              2.25                   2                        0                               60
0080023293                                              2.25                   2                        0                               60
0080023294                                              2.25                   2                        0                               60
0080023295                                              2.25                   2                        0                               60
0080023296                                              2.25                   2                        0                               60
0080023297                                              2.25                   2                        0                               60
0080023298                                              2.25                   2                        0                               60
0080023299                                              2.25                   2                        0                               60
0080023300                                              2.25                   2                        0                               60
0080023301                                              2.25                   2                        0                               60
0080023302                                              2.25                   2                        0                               60
0080023303                                              2.25                   2                        0                               84
0080023304                                              2.25                   2                        0                               84
0080023305                                              2.25                   2                        0                               84
0080023306                                              2.25                   2                        0                               84
0080023307                                              2.25                   2                        0                               84
0080023308                                              2.25                   2                        0                               84
0080023309                                              2.25                   2                        0                               84
0080023310                                              2.25                   2                        0                               84
0080023311                                              2.25                   2                        0                               84
0080023312                                              2.25                   2                        0                               84
0080023313                                              2.25                   2                        0                               84
0080023314                                              2.25                   2                        0                               84
0080023315                                              2.25                   2                        0                               84
0080023316                                              2.25                   2                        0                               84
0080023317                                              2.25                   2                        0                               84
0080023318                                              2.25                   2                        0                               84
0080023319                                              2.25                   2                        0                               84
0080023320                                              2.25                   2                        0                               84
0080023321                                              2.25                   2                        0                               84
0080023322                                              2.25                   2                        0                               84
0080023323                                              2.25                   2                        0                               84
0080023324                                              2.25                   2                        0                               84
0080023325                                              2.25                   2                        0                               84
0080023326                                              2.25                   2                        0                               84
0080023327                                              2.25                   2                        0                               84
0080023328                                              2.25                   2                        0                               84
0080023329                                              2.25                   2                        0                               84
0080023331                                              2.25                   2                        0                               84
0080023332                                              2.25                   2                        0                              120
0080023333                                              2.25                   2                        0                              120
0080023334                                              2.25                   2                        0                              120
0080023335                                              2.25                   2                        0                              120
0080023336                                              2.25                   2                        0                              120
0080023337                                              2.25                   2                        0                              120

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the recipient  agrees that Wachovia Capital  Markets,  LLC does not guarantee and makes no  representation
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provision thereof by Wachovia Capital Markets, LLC.

This data is for your  information  only and is not an offer to sell or a solicitation of any offer to buy
any  securities,  including any of the  securities  that may be mentioned in this data.  Wachovia  Capital
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