Document:

EMPLOYMENT
      AGREEMENT 

    

    EMPLOYMENT
      AGREEMENT
      (the
      "Agreement"), dated as of December 1, 2006 (the “Commencement Date”) between Net
      Perceptions, Inc., a Delaware corporation, (the “Company") and Jonathan
      LaBarre (the
      "Employee"). 

    

    WITNESSETH:

    

    WHEREAS,
      the
      Company desires to employ the Employee and to be assured of his services on
      the
      terms and conditions hereinafter set forth; and

    

    WHEREAS,
      the
      Employee is willing to accept such employment on such terms and
      conditions.

    

    NOW
      THEREFORE,
      in
      consideration of the mutual covenants and agreements set forth in this
      Agreement, the Company and the Employee hereby agree as follows:

    

    1.    Term. 

    

    The
      term
      of this Agreement shall commence on the Commencement Date and shall expire
      on
      the third anniversary of Commencement Date (the “Term”), subject to earlier
      termination as provided herein. 

    

    2.    Duties.

    

    (a)    During
      the
      Term of this Agreement, the Employee shall serve as the Chief Financial Officer
      and Principal Financial Officer of the Company and shall perform all duties
      commensurate with his position and as may be assigned to him by the Chairman
      of
      the Board of Directors of the Company or the Chief Executive Officer or such
      other person(s) as may be designated by the Board of Directors of the Company
      (the “Board”). The Employee shall devote his full business time and energies to
      the business and affairs of the Company and shall use his best efforts, skills
      and abilities to promote the interests of the Company, and to diligently and
      competently perform the duties of his position. 

    

    (b)    The
      Employee
      shall report to the Chairman of the Board or the Chief Executive Officer or
      such
      other person(s) as may be designated by the Board and shall at all times keep
      the Chairman of the Board (or such other officer as the Chairman of the Board
      or
      the Chief Executive Officer or the Board may designate from time to time)
      promptly and fully informed (in writing if so requested) of his conduct and
      of
      the business or affairs of the Company, and provide such explanations of his
      conduct as may be required.

     

    
      
        
        

      

      
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    3.    Compensation,
      Bonus, Stock Options, Benefits, etc.

    

    (a)   Salary.
      During
      the Term of this Agreement, the Company shall pay to the Employee, and the
      Employee shall accept from the Company, as compensation for the performance
      of
      services under this Agreement and the Employee's observance and performance
      of
      all of the provisions hereof, an annual salary at the rate of $205,000 (the
      "Base Compensation"). The Base Compensation shall be payable in accordance
      with
      the normal payroll practices of the Company. The Employee’s performance and the
      Base Compensation shall be subject to annual review by the Company.

    

    (b)   Bonus.
      In
      addition to the Base Compensation described above, the Employee shall, in the
      sole and absolute discretion of the Compensation Committee of the Board, be
      entitled to performance bonuses which may be based upon a variety of factors,
      including the Employee’s performance and the achievement of Company goals, all
      as determined in the sole and absolute discretion of the Board or Compensation
      Committee of the Board. The target performance bonus for 2007 is 40% of the
      Base
      Compensation, subject to the discretion of the Board, provided the Company
      achieves annual earnings before interest, taxes, depreciation and amortization
      (“EBITDA”), as computed by the Company on or prior to its filing of its annual
      report on Form 10-K for the year ended December 31, 2007, of at least
      $13,800,000 in the fiscal year ended December 31, 2007. Additionally, as
      consideration for the Employee accepting this position prior to the receipt
      of
      the 2006 bonus he would have otherwise been entitled to had he remained at
      his
      old employment, the Company hereby agrees to pay to the Employee a one-time
      buy-out bonus in the amount of $45,000 (the “Buy-out Bonus”) provided the
      employment of the Employee has not been terminated for any reason prior to
      filing of the Company’s annual report on Form 10-K for the year ended December
      31, 2006. Any bonus paid to the Employee shall be subject to withholding for
      applicable taxes and other amounts. In addition, the Employee may be entitled
      to
      participate in such other bonus plans, whether during the term of this Agreement
      as the Compensation Committee of the Board may, in its sole and absolute
      discretion, determine. 

    

    (c)   Stock
      Options. 

    

    Upon
      the
      Commencement Date, the Company shall issue and grant to Employee, under the
      Company’s 1999 Equity Incentive Plan (the “Plan”), options to purchase 250,000
      shares of the Company’s common stock (the “Common Stock”), having an exercise
      price equal to the closing price of the Common Stock on the date of grant,
      which
      shall be the Commencement Date, of which (i) 125,000 shall vest in three
      equal annual installments commencing on the first anniversary of the date of
      grant; and (ii) 125,000 shall vest upon satisfaction of the performance targets
      set forth in and in accordance with Exhibit
      A,
      attached hereto. During the Term of this Agreement the Employee agrees not
      to
      sell, pledge, hypothecate or otherwise transfer the Common Stock issuable upon
      the exercise of each tranche of options identified above within a one year
      period after vesting of such tranche without the consent of the Board of
      Directors. The terms and provisions of such options shall be set forth in a
      stock option agreement in a form satisfactory to the Company and subject to
      the
      Company’s form of stock option agreement under the Plan. In addition, the
      Employee may be entitled, during the term of this Agreement, to receive such
      additional options, at such exercise prices and other terms as the Compensation
      Committee of the Board may, in its sole and absolute discretion,
      determine.

     

    
      
        
        

      

      
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    (d)   Benefits.
      During
      the Term of this Agreement, the Employee shall be entitled to participate in
      or
      benefit from, in accordance with the eligibility and other provisions thereof,
      the Company's medical insurance and other fringe benefit plans or policies
      as
      the Company may make available to, or have in effect for, its senior executive
      officers from time to time. The Company and its affiliates retain the right
      to
      terminate or alter any such plans or policies from time to time. The Employee
      shall also be entitled to four weeks paid vacation each year, sick leave and
      other similar benefits in accordance with policies of the Company from time
      to
      time in effect for its senior executive officers.

    

    (e)    Reimbursement
      of Business Expenses.
      During
      the Term of this Agreement, upon submission of proper invoices, receipts or
      other supporting documentation reasonably satisfactory to the Company and in
      accordance with and subject to the Company’s expense reimbursement policies, the
      Employee shall be reimbursed by the Company for all reasonable business expenses
      actually and necessarily incurred by the Employee on behalf of the Company
      in
      connection with the performance of services under this Agreement.

    

    (f)    Taxes.
      The
      Base
      Compensation and any other compensation paid to Employee shall be subject to
      withholding for applicable taxes and other amounts.

    

    4. Representations
      of Employee. 

    

    (a)    The
      Employee
      represents and warrants that he is not party to, or bound by, any agreement
      or
      commitment, or subject to any restriction, including but not limited to
      agreements related to previous employment containing confidentiality or
      noncompetition covenants, which presently has or may in the future have a
      possibility of adversely affecting the business of the Company or the
      performance by the Employee of his duties under this Agreement. 

    

    (b)    During
      the
      Term and the Severance Period, if any, the Employee agrees that he will not
      offer for sale, sell, pledge, assign, hypothecate or otherwise create any
      interest in or dispose of (or enter into any transaction or device that is
      designed to, or could reasonably be expected to, result in any of the foregoing)
      any shares of Common Stock owned by him on the Commencement Date or any shares
      of Common Stock owned or acquired by him after the Commencement Date upon the
      conversion or exercise of options or any securities convertible into or
      exercisable or exchangeable for Common Stock, without first notifying the Board
      in writing to inquire as to whether there exists any facts or circumstances
      that
      would make it inadvisable for the Company if the Employee engaged in such
      transaction.

     

    
      
        
        

      

      
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    (c)    The
      representations, warranties and covenants of this Section 4 shall survive
      termination of the Employee’s employment hereunder and the expiration of the
      Term hereof.

     

    5.    Confidentiality,
      Noncompetition, Nonsolicitation and Non-Disparagement.

    

    

    For
      purposes of this Section 5, all references to the Company shall be deemed to
      include the Company’s affiliates and subsidiaries and their respective
      subsidiaries, whether now existing or hereafter established or acquired. In
      consideration for the compensation and benefits provided to the Employee
      pursuant to this Agreement, the Employee agrees with the provisions of this
      Section 5.

    

    (a) 
      Confidential
      Information.
      (i) The
      Employee acknowledges that as a result of his retention by the Company, the
      Employee has and will continue to have knowledge of, and access to, proprietary
      and confidential information of the Company, including, without limitation,
      research and development plans and results, software, databases, technology,
      inventions, trade secrets, technical information, know-how, plans,
      specifications, methods of operations, product and service information, product
      and service availability, pricing information (including pricing strategies),
      financial, business and marketing information and plans, and the identity of
      customers, clients and suppliers (collectively, the “Confidential Information”),
      and that the Confidential Information, even though it may be contributed,
      developed or acquired by the Employee, constitutes valuable, special and unique
      assets of the Company developed at great expense which are the exclusive
      property of the Company. Accordingly, the Employee shall not, at any time,
      either during or subsequent to the Term of this Agreement, use, reveal, report,
      publish, transfer or otherwise disclose to any person, corporation or other
      entity, any of the Confidential Information without the prior written consent
      of
      the Company, except to responsible officers and employees of the Company and
      other responsible persons who are in a contractual or fiduciary relationship
      with the Company and who have a need for such Confidential Information for
      purposes in the best interests of the Company, and except for such Confidential
      Information which is or becomes of general public knowledge from authorized
      sources other than the Employee.

    

    (ii) 
      The Employee acknowledges that the Company would not enter into this Agreement
      without the assurance that all the Confidential Information will be used for
      the
      exclusive benefit of the Company. 

    

    (b) 
      Return
      of Confidential Information.
      Upon
      the termination of this Agreement or upon the request of the Company, the
      Employee shall promptly return to the Company all Confidential Information
      in
      his possession or control, including but not limited to all drawings, manuals,
      computer printouts, computer databases, disks, data, files, lists, memoranda,
      letters, notes, notebooks, reports and other writings and copies thereof and
      all
      other materials relating to the Company’s business, including without limitation
      any materials incorporating Confidential Information.

     

    
      
        
        

      

      
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    (c) 
      Inventions,
      etc.
      During
      the Term and for a period of one year thereafter, the Employee will promptly
      disclose to the Company all designs, processes, inventions, improvements,
      developments, discoveries, processes, techniques, and other information related
      to the business of the Company conceived, developed, acquired, or reduced to
      practice by him alone or with others during the Term of this Agreement, whether
      or not conceived during regular working hours, through the use of Company time,
      material or facilities or otherwise (“Inventions”).

    

    The
      Employee agrees that all copyrights created in conjunction with his service
      to
      the Company and other Inventions, are “works made for hire” (as that term is
      defined under the Copyright Act of 1976, as amended). All such copyrights,
      trademarks, and other Inventions shall be the sole and exclusive property of
      the
      Company, and the Company shall be the sole owner of all patents, copyrights,
      trademarks, trade secrets, and other rights and protection in connection
      therewith. To the extent any such copyright and other Inventions may not be
      works for hire, the Employee hereby assigns to the Corporation any and all
      rights he or she now has or may hereafter acquire in such copyrights and any
      other Inventions. Upon request the Employee shall deliver to the Company all
      drawings, models and other data and records relating to such copyrights,
      trademarks and Inventions. The Employee further agrees as to all such
      Inventions, to assist the Company in every proper way (but at the Company’s
      expense) to obtain, register, and from time to time enforce patents, copyrights,
      trademarks, trade secrets, and other rights and protection relating to said
      Inventions in and all countries, and to that end the Employee shall execute
      all
      documents for use in applying for and obtaining such patents, copyrights,
      trademarks, trade secrets and other rights and protection on and enforcing
      such
      Inventions, as the Company may desire, together with any assignments thereof
      to
      the Company or persons designated by it. Such obligation to assist the Company
      shall continue beyond the termination of the Employee’s service to the Company,
      but the Company shall compensate the Employee at a reasonable rate after
      termination of service for time actually spent by the Employee at the Company’s
      request for such assistance. In the event the Company is unable, after
      reasonable effort, to secure the Employee’s signature on any document or
      documents needed to apply for or prosecute any patent, copyright, trademark,
      trade secret, or other right or protection relating to an Invention, whether
      because of the Employee’s physical or mental incapacity or for any other reason
      whatsoever, the Employee hereby irrevocably designates and appoints the Company
      and its duly authorized officers and agents as his agent coupled with an
      interest and attorney-in-fact, to act for and in his behalf and stead to execute
      and file any such application or applications and to do all other lawfully
      permitted acts to further the prosecution and issuance of patents, copyrights,
      trademarks, trade secrets, or similar rights or protection thereon with the
      same
      legal force and effect as if executed by the Employee. 

     

    
      
        
        

      

      
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    (d) 
      Non-competition.
      The
      Employee will not utilize his special knowledge of the business operations
      of
      the Company and his relationships with customers, suppliers of the Company
      and
      others to compete with the Company. During the Term of this Agreement and (A)
      for a period of one year after the termination of this Agreement pursuant to
      Sections 7(a), 7(b) or 7(e) hereof (subject to extension pursuant to Section
      7(f) hereof), as applicable; or (B) in the event of termination pursuant to
      Sections 7(c) or 7(d), the duration of the Severance Period (as defined in
      Section 7(f)); the Employee shall not engage, directly or indirectly, or have
      an
      interest, directly or indirectly, anywhere in the United States of America
      or
      any other geographic area where the Company does business or in which its
      products or services are marketed, alone or in association with others, as
      principal, officer, agent, Employee, director, partner or stockholder (except
      with respect to his employment by the Company), or through the investment of
      capital, lending of money or property, rendering of services or otherwise,
      in
      any business competitive with or substantially similar to that engaged in by
      the
      Company during the Term of this Agreement (it being understood hereby, that
      the
      ownership by the Employee of five percent (5%) or less of the stock of any
      company listed on a national securities exchange shall not be deemed a violation
      of this Section 5). 

    

    (e) 
      Non-solicitation.
      During
      the Term of this Agreement and (A) for a period of one year after the
      termination of this Agreement pursuant to Sections 7(a), 7(b) or 7(e) hereof
      (subject to extension pursuant to Section 7(f) hereof), as applicable; or (B)
      in
      the event of termination pursuant to Sections 7(c) or 7(d), the duration of
      the
      Severance Period (as defined in Section 7(f)); the Employee shall not, and
      shall
      not permit any of his employees, agents or others under his control to, directly
      or indirectly, on behalf of himself or any other person, (i) call upon, accept
      competitive business from, or solicit the competitive business of any individual
      or entity who is, or who had been at any time during the preceding two years,
      a
      customer of the Company or any successor to the business of the Company, or
      otherwise divert or attempt to divert any business from the Company or any
      such
      successor, or (ii) directly or indirectly recruit or otherwise solicit or induce
      any person who is an Employee of, or otherwise engaged by, the Company or any
      successor to the business of the Company to terminate his employment or other
      relationship with the Company or such successor, or hire or enter into any
      business with any person is employed by or who has left the employ of the
      Company or any such successor during the preceding two years. The Employee
      shall
      not at any time, directly or indirectly, use or purport to authorize any person
      to use any name, mark, logo, trade dress or other identifying words or images
      which are the same as or similar to those used at any time by the Company in
      connection with any product or service, whether or not such use would be in
      a
      business competitive with that of the Company. Any breach or violation by the
      Employee of the provisions of this Section 5 shall toll the running of any
      time
      periods set forth in this Section 5 for the duration of any such breach or
      violation. 

    

    (f) 
      Non-Disparagement.
       The
      Employee shall not at any time, directly or indirectly, take any action (whether
      orally or in writing or otherwise) which has or may be expected to have the
      effect of disparaging the Company or any of its subsidiaries or affiliates
      or
      their directors, officers or executives or their respective reputations,
      including, but not limited to, their business models, practices, relationships,
      internal workings, financial condition or operations, in any manner whatsoever
      at any time.

     

    
      
        
        

      

      
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    6.    Remedies.
      The
      restrictions set forth in Section 5 are considered by the parties to be fair
      and
      reasonable. The Employee acknowledges that the restrictions contained in Section
      5 will not prevent him from earning a livelihood. The Employee further
      acknowledges that the Company would be irreparably harmed and that monetary
      damages would not provide an adequate remedy in the event of a breach of the
      provisions of Section 5. Accordingly, the Employee agrees that, in addition
      to
      any other remedies available to the Company, the Company shall be entitled
      to
      injunctive and other equitable relief to secure the enforcement of these
      provisions, and shall be entitled to receive reimbursement from the Employee
      for
      all reasonable attorneys' fees and expenses incurred by the Company in enforcing
      these provisions. In connection with seeking any such equitable remedy,
      including, but not limited to, an injunction or specific performance, the
      Company shall not be required to post a bond as a condition to obtaining such
      remedy. If any provisions of Sections 5 or 6 relating to the time period, scope
      of activities or geographic area of restrictions is declared by a court of
      competent jurisdiction to exceed the maximum permissible time period, scope
      of
      activities or geographic area, the maximum time period, scope of activities
      or
      geographic area, as the case may be, shall be reduced to the maximum which
      such
      court deems enforceable. If any provisions of Sections 5 or 6 other than those
      described in the preceding sentence are adjudicated to be invalid or
      unenforceable, the invalid or unenforceable provisions shall be deemed amended
      (with respect only to the jurisdiction in which such adjudication is made)
      in
      such manner as to render them enforceable and to effectuate as nearly as
      possible the original intentions and agreement of the parties. For purposes
      of
      this Section 6, all references to the Company shall be deemed to include the
      Company's affiliates and subsidiaries, whether now existing or hereafter
      established or acquired.

    

    7.    Termination;
      Non-renewal.
      This
      Agreement may be terminated prior to the expiration of the Term set forth in
      Section 1 upon the occurrence of any of the events set forth in, and subject
      to
      the terms of, this Section 7.

    

    (a) 
      Death
      or Permanent Disability.
      If
      the
      Employee dies or becomes permanently disabled, this Agreement shall terminate
      effective at the end of the calendar month during which his death occurs or
      when
      his disability is deemed to have become permanent. If the Employee is unable
      to
      perform his normal duties for the Company because of illness or incapacity
      (whether physical or mental) for 45 consecutive days during the Term of this
      Agreement, or for 60 days (whether or not consecutive) out of any calendar
      year
      during the Term of this Agreement, his disability shall be deemed to have become
      permanent. If this Agreement is terminated on account of the death or permanent
      disability of the Employee, then the Employee or its estate shall be entitled
      to
      receive accrued Base Compensation through the date of such termination and
      the
      Employee and the Employee’s estate shall have no further entitlement to Base
      Compensation, bonus, or benefits, except in the case of the Employee’s death,
      the proceeds of any life insurance policies payable to his beneficiaries shall
      be paid pursuant to the terms and conditions of such policies following the
      effective date of such termination.

     

    
      
        
        

      

      
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    (b) 
      Cause.
      This
      Agreement may be terminated at the Company’s option, immediately upon written
      notice to the Employee, upon: (i) the Employee’s commission of a misdemeanor or
      felony that, in the Board’s reasonable judgment, adversely affects the Company’s
      or any of the Company’s affiliates’ reputation, business or interests, or the
      ability of the Employee to perform his duties as an employee of the Company;
      (ii) the Employee’s act of fraud or dishonest act upon, or misappropriation of
      funds of, the Company or any of the Company’s affiliates; (iii) the Employee’s
      gross negligence, willful or intentional act or omission in the performance
      of
      his duties under this Agreement as determined by the Board; (iv) the Employee’s
      disregard of a lawful direction of the Board or the executive officer to whom
      the Employee reports; (v) the Employee’s appropriation for himself of a Company
      corporate opportunity without the express prior written consent of the Board;
      (vi) the Employee’s material breach of any of his obligations under this
      Agreement (other than Section 5 of this Agreement) that continues unremedied
      for
      14 days following the Employee’s receipt of written notice from the Board
      thereof; (vii) the Employee’s breach of any of his obligations of any of the
      provisions of Section 5 of this Agreement; (viii) the Employee is convicted
      of a
      felony; or (ix) the Employee fails, within nine months of the Commencement
      Date,
      to relocate to within 30 (thirty) miles of the Company’s executive offices
      located in Stamford, CT. If this Agreement is terminated by the Company for
      cause, then the Employee shall be entitled to receive accrued Base Compensation
      through the date of such termination.

    

    (c) 
      Without
      Cause.
      This
      Agreement may be terminated, at any time by the Company without cause
      immediately upon giving written notice to the Employee of such termination.
      The
      Company shall have the right, at its election if made on or before the time
      of
      termination, to continue to pay the Employee his Base Compensation for an
      additional period of up to 12 months, and if the Company so elects, the Employee
      shall be bound by the provisions of Sections 5(d) and 5(e) of this Agreement
      for
      such additional period. 

    

    (d) 
      Non-renewal.
      In the
      event the Company fails to renew or extend the Term, the Company shall have
      the
      right, at its election, to continue to pay the Employee his Base Compensation
      for an additional period of up to 12 months after the expiration of the Term,
      and if the Company so elects, the Employee shall be bound by the provisions
      of
      Sections 5(d) and 5(e) of this Agreement for such additional period, provided,
      however, Employee’s right to receive any such payment shall be subject to the
      Employee complying with the terms of this Agreement. Any such election shall
      be
      made in writing at least 90 days prior to the expiration of the Term and shall
      specify the length of such additional period.

    

    (e) 
      By
      Employee.
      The
      Employee may terminate the Agreement at anytime upon providing the Company
      with
      two weeks prior written notice. If this Agreement is terminated by the Employee
      pursuant to this Section 7(e), then the Employee shall be entitled to receive
      his accrued Base Compensation and benefits through the effective date of such
      termination and the Employee shall have no further entitlement to Base
      Compensation, bonus, or benefits from the Company following the effective date
      of such termination.

     

    
      
        
        

      

      
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    (f)  
      Severance
      Payment and Period.
      The
      period of time during which the Company continues to pay (or would continue
      to
      pay, but for any breach by the Employee of this Agreement) the Employee
      following the termination or expiration of this Agreement pursuant to Sections
      7(b), (c), (d), (e) or this Section 7(f) shall be referred to as the “Severance
      Period”, and the amounts due thereunder shall be referred to as the “Severance
      Payment.” Upon termination of this Agreement pursuant to Sections 7(b), (c), (d)
      or (e) the Company shall have the election (such election to be exercised within
      10 days after the termination of Employee’s employment pursuant to such
      provisions), to extend the applicable period that the covenants set forth in
      Sections 5(d) and (e) are applicable to the Employee until any time through
      and
      including the second anniversary of the date of termination (or through and
      including any lesser period) provided that the Company agrees to pay the
      Employee (or would continue to pay, but for any breach by the Consultant of
      this
      Agreement) the Base Compensation (based on the highest rate of annual base
      salary paid to the Employee during the Term) during such extension period during
      which the covenants are extended. The Severance Payment shall be payable,
      bi-monthly in accordance with the normal payroll practices of the Company and
      shall be subject to withholding for applicable taxes and other amounts. In
      lieu
      of cash, at the option of the Company, the Severance Payment may be payable
      through the issuance of Common Stock on the effective date of such termination
      or expiration, based upon the closing price of the Common Stock on such date.
      

    

    8.     Key
      Man Life Insurance. The
      Employee acknowledges that the Company may seek to obtain key man life insurance
      policy on his life with the Company as the named beneficiary. The Employee
      hereby agrees to provide such information and to submit to such medical
      examinations and otherwise cooperate as may be required to assist the Company
      in
      obtaining such policy.

    

    9.     Miscellaneous.

    

    (a) 
      Survival.
      The
      provisions of Sections 4, 5, 6, 7 and 9 shall survive the termination of this
      Agreement.

    

    (b) 
      Entire
      Agreement.
      This
      Agreement sets forth the entire understanding of the parties and, except as
      specifically set forth herein, merges and supersedes any prior or
      contemporaneous agreements between the parties pertaining to the subject matter
      hereof.

    

    (c)
       Modification.
      This
      Agreement may not be modified or terminated orally, and no modification,
      termination or attempted waiver of any of the provisions hereof shall be binding
      unless in writing and signed by the party against whom the same is sought to
      be
      enforced.

     

    
      
        
        

      

      
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    (d) 
      Waiver.
      Failure
      of a party to enforce one or more of the provisions of this Agreement or to
      require at any time performance of any of the obligations hereof shall not
      be
      construed to be a waiver of such provisions by such party nor to in any way
      affect the validity of this Agreement or such party’s right thereafter to
      enforce any provision of this Agreement, nor to preclude such party from taking
      any other action at any time which it would legally be entitled to
      take.

    

    (e) 
      Successors
      and Assigns.
      Neither
      party shall have the right to assign this Agreement, or any rights or
      obligations hereunder, without the consent of the other party; provided,
      however,
      that
      upon the sale of all or substantially all of the assets, business and goodwill
      of the Company to another company, or upon the merger or consolidation of the
      Company with another company, this Agreement shall inure to the benefit of,
      and
      be binding upon, both Employee and the company purchasing such assets, business
      and goodwill, or surviving such merger or consolidation, as the case may be,
      in
      the same manner and to the same extent as though such other company were the
      Company; and provided,
      further,
      that the
      Company shall have the right to assign this Agreement to any affiliate or
      subsidiary of the Company. Subject to the foregoing, this Agreement shall inure
      to the benefit of, and be binding upon, the parties hereto and their legal
      representatives, heirs, successors and assigns.

    

    (f) 
      Communications.
      All
      notices, requests, demands and other communications under this Agreement shall
      be in writing and shall be deemed to have been given at the time personally
      delivered or when mailed in any United States post office enclosed in a
      registered or certified postage prepaid envelope and addressed to the addresses
      set forth below, or to such other address as any party may specify by notice
      to
      the other party; provided,
      however,
      that any
      notice of change of address shall be effective only upon receipt.

    

    
      	
              If
                to the Company:

              Net
                Perceptions, Inc.

              One
                Landmark Square, 22nd
                Floor

              Stamford,
                Connecticut 06901

              Facsimile:
                (203) 428-2024 

              Attention:
                

            	
              With
                a copy to:

              Kane
                Kessler, P.C.

              1350
                Avenue of the Americas

              New
                York, New York 10019

              Facsimile:
                (212) 245-3009

              Attention:
                Robert L. Lawrence, Esq.

               

            
	
              If
                to the Employee, to:

               

              Jonathan
                LaBarre 

              15
                Quaker Lane

              Southington,
                Connecticut 06489

            	
               With
                a copy to:

            

    

    

    (g) 
      Severability.
      If any
      provision of this Agreement is held to be invalid or unenforceable by a court
      of
      competent jurisdiction, such invalidity or unenforceability shall not affect
      the
      validity and enforceability of the other provisions of this Agreement and the
      provisions held to be invalid or unenforceable shall be enforced as nearly
      as
      possible according to its original terms and intent to eliminate such invalidity
      or unenforceability.

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    (h) 
      Jurisdiction;
      Venue.
      This
      Agreement shall be subject to the non-exclusive jurisdiction of the courts
      of
      New York County, New York. Any breach of any provision of this Agreement shall
      be deemed to be a breach occurring in the State of New York by virtue of a
      failure to perform an act required to be performed in the State of New York,
      and
      the parties irrevocably and expressly agree to submit to the non-exclusive
      jurisdiction of the courts of New York County, New York for the purpose of
      resolving any disputes among them relating to this Agreement or the transactions
      contemplated by this Agreement and waive any objections on the grounds of forum
      non conveniens or otherwise. The parties hereto agree to service of process
      by
      certified or registered United States mail, postage prepaid, addressed to the
      party in question.

    

    (i)  
      Governing
      Law; Indemnification.
      This
      Agreement is made and executed and shall be governed by the laws of the State
      of
      New York, without regard to the conflicts of law principles thereof.
      Notwithstanding the foregoing, the Employee shall have the right to be
      indemnified by the Company in accordance with the provisions of the Company's
      certificate of incorporation, bylaws, and the provisions of Delaware
      law.

    

    (j)  
      Counterparts.
      This
      Agreement may be executed in any number of counterparts, but all counterparts
      will together constitute but one agreement.

    

    (k) 
      Third
      Party Beneficiaries.
      This
      Agreement is for the sole and exclusive benefit of the parties hereto and,
      except as provided herein, shall not be deemed for the benefit of any other
      person or entity.

    

    (l) 
      IRC
      Section 409A.
      The
      parties to this Agreement intend that the Agreement complies with Section 409A
      of the Internal Revenue Code of 1986, as amended (the “Code”), where applicable,
      and this Agreement shall be interpreted in a manner consistent with that
      intention. Notwithstanding any provision of this Agreement, no payment or other
      distribution required to be made to the Employee hereunder (including any
      payment of cash, any transfer of property and any provision of taxable benefits)
      as a result of his termination with the Company shall be made prior to the
      earliest date that Employee may receive such payments without a penalty,
      remedial measure or similar effect being imposed against the Company or the
      Employee pursuant to Section 409A of the Code.

     

    [SIGNATURE
      PAGE FOLLOWS]

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF,
      each of
      the parties hereto has duly executed this Employment Agreement as of the date
      set forth above.

    

    
      	
              Net
                Perceptions, Inc.

               

               

              By: 
                /s/
                Albert W. Weggeman 

              Name:
                Albert W. Weggeman

              Title:
                Chief Executive Officer

            	
              Employee

               

               

              /s/
                Jonathan LaBarre

              Jonathan
                LaBarre

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Exhibit
      A

    

    Performance
      Targets

    

    Exhibit
      A to Employment Agreement

    between

    Net
      Perceptions, Inc., and Jonathan LaBarre

    

    This
      Exhibit A sets forth the vesting provisions of the portion of options which
      are
      to be awarded to the Employee pursuant to Section 3(c)(ii) of the Employment
      Agreement (such portion, the “Performance Options”).

    

    1.    41,668
      Performance Options (the “First Performance Options”) shall vest as of
March
      31, 2008,
      if the
      Company’s EBITDA for the year ending December 31, 2007 (“Year 1”) is not
      less than $13,800,000 (the “Year 1 Target”); if the Year 1 Target is not
      achieved, and if the sum of the Company’s EBITDA for the years ending December
      31, 2007 and 2008 is not less than the sum of the Year 1 Target plus the Year
      2
      Target (as defined below), then the First Performance Options shall vest, as
      of
      March 31, 2009.

    

    2.    41,666
      Performance Options (the “Second Performance Options”) shall vest as of
March
      31, 2009,
      if the
      Company’s EBITDA for the year ending December 31, 2008 (“Year 2”) is not
      less than $15,700,000 (the “Year 2 Target”); if the Year 2 Target is not
      achieved, and if the sum of the Company’s EBITDA for the years ending December
      31, 2008 and 2009 is not less than the sum of the Year 2 Target plus the Year
      3
      Target (as defined below), then the Second Performance Options shall vest,
      as of
      March 31, 2010.

    

    3.    41,666
      Performance Options (the “Third Performance Options”) shall vest as of
March
      31, 2010,
      if the
      Company’s EBITDA for the year ending December 31, 2009 (“Year 3”) is not
      less than $17,200,000 (the “Year 3 Target”); if (i) the Year 3 Target is
      not achieved, and (ii) the Company renews the employment agreement of the
      Employee for another three-year term, and (iii) the sum of the Company’s
      EBITDA for the years ending December 31, 2009 and 2010 is not less than the
      sum
      of the Year 3 Target plus the Year 4 Target (as defined hereinafter), then
      the
      Third Performance Options shall vest, as of March 31, 2011. “Year 4 Target”
means an amount of the Company’s EBITDA for the year ending December 31, 2010
      that will be agreed upon by the parties in the renewed employment agreement,
      if
      any.

    

    4.    For
      purposes hereof, the Company’s EBITDA for any year shall be the amount so
      determined by reference to the Company’s audited financial statements for such
      year without giving effect to any acquisitions from and after the Commencement
      Date.Execution

     

     

    
      

      

    

    

      GREENWICH
        CAPITAL ACCEPTANCE, INC.,

      Depositor

      

      

      GREENWICH
        CAPITAL FINANCIAL PRODUCTS, INC.,

      Seller

      

      

      CLAYTON
        FIXED INCOME SERVICES INC.,

      Credit
        Risk Manager

       

       

      and

       

       

      WELLS
        FARGO BANK, N.A.,

      Trustee

       

       

      POOLING
        AND SERVICING AGREEMENT

       

       

      Dated
        as
        of October 1, 2006

      

      _________________________________

       

       

      HarborView
        Mortgage Loan Trust

      Mortgage
        Loan Pass-Through Certificates, Series 2006-10

      

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

      

       

      Table
        of Contents

      

      Page

      

        
          	
                  ARTICLE
                    I DEFINITIONS; DECLARATION OF TRUST

                	
                  5

                
	 	 	 
	
                  SECTION
                    1.01

                	
                  Defined
                    Terms

                	
                  5

                
	
                  SECTION
                    1.02

                	
                  Accounting

                	
                  53

                
	 	 
	
                  ARTICLE
                    II CONVEYANCE OF MORTGAGE LOANS; ORIGINAL ISSUANCE OF
                    CERTIFICATES

                	
                  53

                
	 	 	 
	
                  SECTION
                    2.01

                	
                  Conveyance
                    of Mortgage Loans

                	
                  53

                
	
                  SECTION
                    2.02

                	
                  Acceptance
                    by Trustee

                	
                  57

                
	
                  SECTION
                    2.03

                	
                  Repurchase
                    or Substitution of Mortgage Loans by the Originator and the
                    Seller

                	
                  59

                
	
                  SECTION
                    2.04

                	
                  Representations
                    and Warranties of the Seller with Respect to the Mortgage
                    Loans

                	
                  63

                
	
                  SECTION
                    2.05

                	
                  Back-up
                    of Originator Representations and Warranties

                	
                  64

                
	
                  SECTION
                    2.06

                	
                  Representations
                    and Warranties of the Depositor

                	
                  64

                
	
                  SECTION
                    2.07

                	
                  Issuance
                    of Certificates

                	
                  66

                
	
                  SECTION
                    2.08

                	
                  Representations
                    and Warranties of the Seller

                	
                  66

                
	
                  SECTION
                    2.09

                	
                  Covenants
                    of the Seller

                	
                  68

                
	 	 
	
                  ARTICLE
                    III ADMINISTRATION OF THE MORTGAGE LOANS; CREDIT RISK
                    MANAGER

                	
                  68

                
	 	 	 
	
                  SECTION
                    3.01

                	
                  Servicing
                    of the Mortgage Loans

                	
                  68

                
	
                  SECTION
                    3.02

                	
                  REMIC-Related
                    Covenants

                	
                  69

                
	
                  SECTION
                    3.03

                	
                  Release
                    of Mortgage Files

                	
                  69

                
	
                  SECTION
                    3.04

                	
                  Assessments
                    of Compliance and Attestation Reports

                	
                  70

                
	
                  SECTION
                    3.05

                	
                  Enforcement
                    of Regulation AB Deliverables

                	
                  72

                
	
                  SECTION
                    3.06

                	
                  Sarbanes-Oxley
                    Certification

                	
                  72

                
	
                  SECTION
                    3.07

                	
                  Reports
                    Filed with Securities and Exchange Commission

                	
                  73

                
	
                  SECTION
                    3.08

                	
                  Additional
                    Information

                	
                  78

                
	
                  SECTION
                    3.09

                	
                  Intention
                    of the Parties and Interpretation

                	
                  78

                
	
                  SECTION
                    3.10

                	
                  Indemnification
                    by the Trustee

                	
                  79

                
	
                  SECTION
                    3.11

                	
                  [Reserved]

                	
                  80

                
	
                  SECTION
                    3.12

                	
                  Reporting
                    Requirements of the Commission

                	
                  80

                
	
                  SECTION
                    3.13

                	
                  Duties
                    of the Credit Risk Manager

                	
                  80

                
	
                  SECTION
                    3.14

                	
                  Limitation
                    Upon Liability of the Credit Risk Manager

                	
                  82

                
	
                  SECTION
                    3.15

                	
                  Indemnification
                    by the Credit Risk Manager

                	
                  82

                
	
                  SECTION
                    3.16

                	
                  Removal
                    of Credit Risk Manager

                	
                  82

                
	 	 
	
                  ARTICLE
                    IV ACCOUNTS

                	
                  83

                
	 	 	 
	
                  SECTION
                    4.01

                	
                  Servicing
                    Accounts

                	
                  83

                
	
                  SECTION
                    4.02

                	
                  Distribution
                    Account

                	
                  84

                
	
                  SECTION
                    4.03

                	
                  Permitted
                    Withdrawals and Transfers from the Distribution Account

                	
                  85

                

        

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

         

        
          	
                  SECTION
                    4.04

                	
                  [Reserved]

                	
                  87

                
	
                  SECTION
                    4.05

                	
                  Financial
                    Guaranty Insurance Policy

                	
                  87

                
	 	 
	
                  ARTICLE
                    V FLOW OF FUNDS

                	
                  89

                
	 	 	 
	
                  SECTION
                    5.01

                	
                  Distributions

                	
                  89

                
	
                  SECTION
                    5.02

                	
                  Allocation
                    of Net Deferred Interest

                	
                  98

                
	
                  SECTION
                    5.03

                	
                  Allocation
                    of Realized Losses

                	
                  98

                
	
                  SECTION
                    5.04

                	
                  Statements

                	
                  99

                
	
                  SECTION
                    5.05

                	
                  Remittance
                    Reports; Advances

                	
                  103

                
	
                  SECTION
                    5.06

                	
                  Compensating
                    Interest Payments

                	
                  103

                
	
                  SECTION
                    5.07

                	
                  Basis
                    Risk Reserve Fund

                	
                  103

                
	
                  SECTION
                    5.08

                	
                  Recoveries

                	
                  104

                
	
                  SECTION
                    5.09

                	
                  The
                    Final Maturity Reserve Trust

                	
                  105

                
	
                  SECTION
                    5.10

                	
                  Yield
                    Maintenance Agreement; Yield Maintenance Trust; Yield Maintenance
                    Trust
                    Account

                	
                  106

                
	
                  SECTION
                    5.11

                	
                  Yield
                    Maintenance Account

                	
                  107

                
	 	 
	
                  ARTICLE
                    VI THE CERTIFICATES

                	
                  108

                
	 	 	 
	
                  SECTION
                    6.01

                	
                  The
                    Certificates

                	
                  108

                
	
                  SECTION
                    6.02

                	
                  Registration
                    of Transfer and Exchange of Certificates

                	
                  109

                
	
                  SECTION
                    6.03

                	
                  Mutilated,
                    Destroyed, Lost or Stolen Certificates

                	
                  117

                
	
                  SECTION
                    6.04

                	
                  Persons
                    Deemed Owners

                	
                  117

                
	
                  SECTION
                    6.05

                	
                  Appointment
                    of Paying Agent

                	
                  117

                
	 	 
	
                  ARTICLE
                    VII DEFAULT

                	
                  118

                
	 	 	 
	
                  SECTION
                    7.01

                	
                  Event
                    of Default

                	
                  118

                
	
                  SECTION
                    7.02

                	
                  Trustee
                    to Act

                	
                  118

                
	
                  SECTION
                    7.03

                	
                  Waiver
                    of Event of Default

                	
                  120

                
	
                  SECTION
                    7.04

                	
                  Notification
                    to Certificateholders

                	
                  120

                
	 	 
	
                  ARTICLE
                    VIII THE TRUSTEE

                	
                  120

                
	 	 	 
	
                  SECTION
                    8.01

                	
                  Duties
                    of the Trustee

                	
                  120

                
	
                  SECTION
                    8.02

                	
                  Certain
                    Matters Affecting the Trustee

                	
                  122

                
	
                  SECTION
                    8.03

                	
                  Trustee
                    Not Liable for Certificates or Mortgage Loans

                	
                  124

                
	
                  SECTION
                    8.04

                	
                  Trustee
                    and Custodian May Own Certificates

                	
                  124

                
	
                  SECTION
                    8.05

                	
                  Trustee’s
                    Fees and Expenses

                	
                  124

                
	
                  SECTION
                    8.06

                	
                  Eligibility
                    Requirements for Trustee

                	
                  125

                
	
                  SECTION
                    8.07

                	
                  Resignation
                    or Removal of Trustee

                	
                  125

                
	
                  SECTION
                    8.08

                	
                  Successor
                    Trustee

                	
                  126

                
	
                  SECTION
                    8.09

                	
                  Merger
                    or Consolidation of Trustee

                	
                  127

                
	
                  SECTION
                    8.10

                	
                  Appointment
                    of Co-Trustee or Separate Trustee

                	
                  127

                
	
                  SECTION
                    8.11

                	
                  Limitation
                    of Liability

                	
                  128

                
	
                  SECTION
                    8.12

                	
                  Trustee
                    May Enforce Claims Without Possession of Certificates

                	
                  128

                
	
                  SECTION
                    8.13

                	
                  Suits
                    for Enforcement

                	
                  129

                
	
                  SECTION
                    8.14

                	
                  Waiver
                    of Bond Requirement

                	
                  129

                

        

         

        
          
            
            

          

          
            ii

            
              

            

          

          
            
            

          

        

         

        
          	
                  SECTION
                    8.15

                	
                  Waiver
                    of Inventory, Accounting and Appraisal Requirement

                	
                  129

                
	
                  SECTION
                    8.16

                	
                  Appointment
                    of Custodians

                	
                  130

                
	
                  SECTION
                    8.17

                	
                  Indemnification

                	
                  130

                
	
                  SECTION
                    8.18

                	
                  Limitation
                    of Liability of Trustee and Administrator; Indemnification

                	
                  130

                
	
                  SECTION
                    8.19

                	
                  Administrator’s
                    Fees and Expenses

                	
                  131

                
	
                  SECTION
                    8.20

                	
                  Resignation
                    or Removal of the Administrator

                	
                  131

                
	
                  SECTION
                    8.21

                	
                  Closing
                    Opinion of Counsel

                	
                  132

                
	 	 
	
                  ARTICLE
                    IX REMIC ADMINISTRATION

                	
                  132

                
	 	 	 
	
                  SECTION
                    9.01

                	
                  REMIC
                    Administration

                	
                  132

                
	
                  SECTION
                    9.02

                	
                  Prohibited
                    Transactions and Activities

                	
                  135

                
	 	 
	
                  ARTICLE
                    X TERMINATION

                	
                  135

                
	 	 	 
	
                  SECTION
                    10.01

                	
                  Termination

                	
                  135

                
	
                  SECTION
                    10.02

                	
                  Additional
                    Termination Requirements

                	
                  138

                
	
                  SECTION
                    10.03

                	
                  NIMS
                    Insurer Optional Repurchase Right of Distressed Mortgage
                    Loans

                	
                  139

                
	 	 
	
                  ARTICLE
                    XI DISPOSITION OF TRUST FUND ASSETS

                	
                  139

                
	 	 	 
	
                  SECTION
                    11.01

                	
                  Disposition
                    of Trust Fund Assets

                	
                  139

                
	 	 
	
                  ARTICLE
                    XII MISCELLANEOUS PROVISIONS

                	
                  139

                
	 	 	 
	
                  SECTION
                    12.01

                	
                  Amendment

                	
                  139

                
	
                  SECTION
                    12.02

                	
                  Recordation
                    of Agreement; Counterparts

                	
                  141

                
	
                  SECTION
                    12.03

                	
                  Limitation
                    on Rights of Certificateholders

                	
                  141

                
	
                  SECTION
                    12.04

                	
                  Governing
                    Law; Jurisdiction

                	
                  142

                
	
                  SECTION
                    12.05

                	
                  Notices

                	
                  142

                
	
                  SECTION
                    12.06

                	
                  Severability
                    of Provisions

                	
                  143

                
	
                  SECTION
                    12.07

                	
                  Article
                    and Section References

                	
                  143

                
	
                  SECTION
                    12.08

                	
                  Notice
                    to the Rating Agencies

                	
                  143

                
	
                  SECTION
                    12.09

                	
                  Further
                    Assurances

                	
                  144

                
	
                  SECTION
                    12.10

                	
                  Benefits
                    of Agreement

                	
                  145

                
	
                  SECTION
                    12.11

                	
                  Acts
                    of Certificateholders

                	
                  145

                
	
                  SECTION
                    12.12

                	
                  Successors
                    and Assigns

                	
                  146

                
	
                  SECTION
                    12.13

                	
                  Provision
                    of Information

                	
                  146

                
	
                  SECTION
                    12.14

                	
                  Transfer
                    of Servicing

                	
                  146

                
	
                  SECTION
                    12.15

                	
                  Tax
                    Treatment of the Class ES Certificates

                	
                  147

                

        

      

       

      EXHIBITS
        AND SCHEDULES:

      
        	
                Exhibit
                  A

              	
                Form
                  of Senior Certificate

              	
                A

              
	
                Exhibit
                  B

              	
                Form
                  of Subordinate Certificate

              	
                B

              
	
                Exhibit
                  C-1

              	
                Form
                  of Class C Certificate

              	
                C-1

              
	
                Exhibit
                  C-2

              	
                Form
                  of Class P Certificate

              	
                C-2

              
	
                Exhibit
                  C-3

              	
                Form
                  of Class R Certificate

              	
                C-3

              

      

       

      
        
          
          

        

        
          iii

          
            

          

        

        
          
          

        

      

       

      
        	
                Exhibit
                  C-4

              	
                Form
                  of Class ES Certificate

              	
                C-4

              
	
                Exhibit
                  D

              	
                Form
                  of Reverse Certificate

              	
                D

              
	
                Exhibit
                  E

              	
                [Reserved]

              	
                E

              
	
                Exhibit
                  F

              	
                Request
                  for Release

              	
                F

              
	
                Exhibit
                  G-1

              	
                Form
                  of Receipt of Mortgage Note

              	
                G-1

              
	
                Exhibit
                  G-2

              	
                Form
                  of Interim Certification of Trustee

              	
                G-2

              
	
                Exhibit
                  G-3

              	
                Form
                  of Final Certification of Trustee

              	
                G-3

              
	
                Exhibit
                  H

              	
                Form
                  of Lost Note Affidavit

              	
                H

              
	
                Exhibit
                  I-1

              	
                Form
                  of ERISA Representation for Residual Certificate

              	
                I-1

              
	
                Exhibit
                  I-2

              	
                Form
                  of ERISA Representation for ERISA Restricted Trust
                  Certificates

              	
                I-2

              
	
                Exhibit
                  J-1

              	
                Form
                  of Investment Letter [Non-Rule 144A]

              	
                J-1

              
	
                Exhibit
                  J-2

              	
                Form
                  of Rule 144A Investment Letter

              	
                J-2

              
	
                Exhibit
                  K

              	
                Form
                  of Transferor Certificate

              	
                K

              
	
                Exhibit
                  L

              	
                Transfer
                  Affidavit for Residual Certificate Pursuant to Section
                  6.02(e)

              	
                L

              
	
                Exhibit
                  M-1

              	
                Form
                  of Back-Up Sarbanes-Oxley Certification

              	
                M-1

              
	
                Exhibit
                  M-2

              	
                Form
                  of Back-Up Sarbanes-Oxley Certification to be Provided by
                  Trustee

              	
                M-2

              
	
                Exhibit
                  N

              	
                List
                  of Servicers and Servicing Agreements

              	
                N

              
	
                Exhibit
                  O

              	
                Transaction
                  Parties

              	
                O

              
	
                Exhibit
                  P

              	
                Form
                  of Trustee Certification

              	
                P

              
	
                Exhibit
                  Q

              	
                Servicing
                  Criteria to be Addressed in Report on Assessment of
                  Compliance

              	
                Q

              
	
                Exhibit
                  R

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

              	
                R

              
	
                Exhibit
                  S-1

              	
                Form
                  of Watchlist Report

              	
                S-1

              
	
                Exhibit
                  S-2

              	
                Form
                  of Loss Severity Report

              	
                S-2

              
	
                Exhibit
                  S-3

              	
                Form
                  of Prepayment Premiums Report

              	
                S-3

              
	
                Exhibit
                  S-4

              	
                Form
                  of Analytics Report

              	
                S-4

              
	
                Exhibit
                  T

              	
                Form
                  of Certification to be Provided by the Credit Risk Manager

              	
                T

              
	
                Exhibit
                  U

              	
                Additional
                  Disclosure Notification

              	
                U

              
	
                Exhibit
                  V

              	
                Yield
                  Maintenance Allocation Agreement

              	
                V

              
	
                Exhibit
                  W

              	
                Yield
                  Maintenance Agreement

              	
                W

              
	
                Exhibit
                  X

              	
                List
                  of Originators and Purchase Agreements

              	
                X

              
	
                Exhibit
                  Y

              	
                Financial
                  Guaranty Insurance Policy

              	
                Y

              
	
                Exhibit
                  Z

              	
                List
                  of Supported Originators

              	
                Z

              
	 	 	 
	 	 	 
	
                Schedule
                  I

              	
                Mortgage
                  Loan Schedule

              	 
	
                Schedule
                  II

              	
                Final
                  Maturity Reserve Schedule

              	 

      

      

      

      
        
          
          

        

        
          iv

          
            

          

        

        
          
          

        

      

      This
        Pooling and Servicing Agreement is dated as of October 1, 2006 (the
“Agreement”),
        among
        GREENWICH CAPITAL ACCEPTANCE, INC., a Delaware corporation, as depositor
        (the
“Depositor”),
        GREENWICH CAPITAL FINANCIAL PRODUCTS, INC., a New York corporation, as seller
        (the “Seller”),
        CLAYTON FIXED INCOME SERVICES INC., as credit risk manager (the “Credit Risk
        Manager”), and WELLS FARGO BANK, N.A., as trustee (the “Trustee”).

      

      PRELIMINARY
        STATEMENT:

       

      Through
        this Agreement, the Depositor intends to cause the issuance and sale of the
        HarborView Mortgage Loan Trust Mortgage Loan Pass-Through Certificates, Series
        2006-10 (the “Certificates”)
        representing in the aggregate the entire beneficial ownership of the Trust
        Fund,
        the primary assets of which are the Mortgage Loans (as defined
        below).

      

      The
        Depositor intends to sell the Certificates, to be issued hereunder in multiple
        classes, which in the aggregate will evidence the entire beneficial ownership
        interest in the Trust Fund. The Certificates will consist of sixteen classes
        of
        certificates, designated as (i) the Class 1A-1A Certificates, (ii) the Class
        1A-1B Certificates, (iii) the Class 2A-1A Certificates, (iv) the Class 2A-1B
        Certificates, (v) the Class 2A-1C Certificates, (vi) the Class B-1 Certificates,
        (vii) the Class B-2 Certificates, (viii) the Class B-3 Certificates, (ix)
        the
        Class B-4 Certificates, (x) the Class B-5 Certificates, (xi) the Class B-6
        Certificates, (xii) the Class B-7 Certificates, (xiii) the Class C Certificates,
        (xiv) the Class P Certificates, (xvi) the Class ES Certificates and (xvi)
        the
        Class R Certificates.

      

      For
        federal income tax purposes, the Trust Fund (exclusive of the assets held
        in the
        Basis Risk Reserve Fund, the Yield Maintenance Trust, the Yield Maintenance
        Trust Account, the Yield Maintenance Account, the Yield Maintenance Agreement,
        the Final Maturity Reserve Trust and the Final Maturity Reserve Account (the
        “Excluded
        Trust Property”))
        comprises three REMICs in a tiered REMIC structure: the “Lower-Tier
        REMIC,”
the
        “Middle-Tier
        REMIC,”
and
        the
“Upper-Tier
        REMIC.”
Each
        Certificate, other than the Class R and Class ES Certificates, shall represent
        ownership of a regular interest in the Upper-Tier REMIC, as described herein.
        The LIBOR Certificates also
        represent the right to receive (i) payments in respect of the Final Maturity
        Reserve Account, (ii) payments in respect of Basis Risk Shortfalls from the
        Basis Risk Reserve Fund as provided in Section 5.07 and (iii) payments in
        respect of Basis Risk Shortfalls from the Yield Maintenance Account as provided
        in Section 5.01(h). The owners of the Class C Certificates beneficially own
        the
        Basis Risk Reserve Fund, the Final Maturity Reserve Account, the Final Maturity
        Reserve Trust, the Yield Maintenance Trust, the Yield Maintenance Trust Account
        and the Yield Maintenance Account. The Class R Certificate represents the
        sole
        class of residual interest in the Upper-Tier REMIC, as well as the sole residual
        interest in each of the Lower-Tier REMIC and the Middle-Tier REMIC.

      

      The
        Lower-Tier REMIC will hold as its assets all of the assets constituting the
        Trust Fund (exclusive of the Excluded Trust Property) and will issue three
        uncertificated interests, two of which shall be the “Lower-Tier
        Regular Interests”
and
        one
        residual interest (the “MT-R Interest”), which will represent the sole class of
        residual interest in the Lower-Tier REMIC. 

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      The
        Middle-Tier REMIC will hold as its assets all of the Lower-Tier Regular
        Interests and shall issue 15 uncertificated interests, 14 of which shall
        be the
“Middle-Tier
        Regular Interests”
and
        one
        residual interest (the “MT-R Interest”), which will represent the sole class of
        residual interest in the Middle-Tier REMIC. 

      

      The
        Upper-Tier REMIC will hold as its assets all of the Middle-Tier Regular
        Interests and shall issue the Certificates. 

      

      For
        purposes of the REMIC Provisions, the startup day for each REMIC created
        hereby
        is the Closing Date. All REMIC regular and residual interests created hereby
        will be retired on or before the Latest Possible Maturity Date.

      

      Lower-Tier
        REMIC

      

      The
        following table sets forth (or describes) the designation, interest rate,
        and
        initial principal balance of each Lower-Tier Regular Interest and the MT-R
        Interest:

       

      
        	
                Designation

              	 	
                Interest
                  

                Rate

              	 	
                Initial
                  Principal

                Balance

              
	
                MT-Initial

              	 	
                (1)

              	 	
                $1,688,875,880.32
                  

              
	
                MT-Additional

              	 	
                (1)

              	 	
                $    
                  34,249,553.61 

              
	
                MT-R

              	 	
                (1)

              	 	
                (1)

              

      

       

      
        	 	
                (1)

              	
                The
                  interest rate with respect to any Distribution Date (and the related
                  Accrual Period) for the MT- Initial Lower-Tier Regular Interests
                  is a per
                  annum rate equal to the weighted average of the Net Loan Rates
                  of the
                  Initial Mortgage Loans as of the first day of the related Due Period.
                  

              

      

      

      
        	 	
                (2)

              	
                The
                  interest rate with respect to the first Distribution Date (and
                  the related
                  Accrual Period) for the MT-Additional Lower-Tier Regular Interest
                  is
                  0.00%, and for every Distribution Date (and related Accrual Period)
                  thereafter is the weighted average of the Net Loan Rates of the
                  Additional
                  Mortgage Loans as of the first day of the related Due Period.
                  

              

      

      

      
        	 	
                (3)

              	
                The
                  MT-R Interest is the sole Class of residual interest in the Lower-Tier
                  REMIC. It does not have an interest rate or a principal
                  balance.

              

      

      

      Middle-Tier
        REMIC

      

      The
        following table sets forth (or describes) the designation, interest rate,
        and
        initial principal balance of each Middle-Tier Regular Interest and the MT-R
        Interest:

       

      
        	
                 

                Designation

              	 	
                 

                Interest
                  

                Rate

              	 	
                Initial
                  Principal

                Balance

              	 	
                Corresponding
                  

                Class
                  of 

                Certificate

              
	
                MT-1A-1A

              	 	
                (1)

              	 	
                $
                  225,163,000.00 

              	 	
                1A-1A

              
	
                MT-1A-1B

              	 	
                (1)

              	 	
                $ 
                   56,291,000.00 

              	 	
                1A-1B

              
	
                MT-2A-1A

              	 	
                (1)

              	 	
                $
                  295,854,500.00 

              	 	
                2A-1A

              
	
                MT-2A-1B

              	 	
                (1)

              	 	
                $
                  123,273,000.00 

              	 	
                2A-1B

              
	
                MT-2A-1C

              	 	
                (1)

              	 	
                $ 
                   73,963,500.00 

              	 	
                2A-1C

              

      

       

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

       

      
        	
                 

                Designation

              	 	
                 

                Interest

                Rate

              	 	
                Initial
                  Principal

                Balance

              	 	
                Corresponding
                  

                Class
                  of 

                Certificate

              
	
                MT-
                  B-1

              	 	
                (1)

              	 	
                $  
                  21,108,500.00 

              	 	
                B-1

              
	
                MT-
                  B-2

              	 	
                (1)

              	 	
                $  
                  17,662,000.00 

              	 	
                B-2

              
	
                MT-B-3

              	 	
                (1)

              	 	
                $   
                   5,169,500.00 

              	 	
                B-3

              
	
                MT-B-4

              	 	
                (1)

              	 	
                $  
                  12,492,500.00 

              	 	
                B-4

              
	
                MT-B-5

              	 	
                (1)

              	 	
                $    
                  9,477,000.00 

              	 	
                B-5

              
	
                MT-B-6

              	 	
                (1)

              	 	
                $    
                  8,185,000.00 

              	 	
                B-6

              
	
                MT-B-7

              	 	
                (1)

              	 	
                $     8,615,500.00
                  

              	 	
                B-7

              
	
                MT-P
                  

              	 	
                (1)

              	 	
                $               
                   50.00 

              	 	
                P

              
	
                MT-Q

              	 	
                (1)

              	 	
                $
                  865,870,383.93 

              	 	
                N/A

              
	
                MT-I

              	 	
                (2)

              	 	
                (2)

              	 	
                N/A

              
	
                MT-R

              	 	
                (3)

              	 	
                (3)

              	 	
                N/A

              

      

      _________________

      
        	 	
                (1)

              	
                The
                  interest rate with respect to any Distribution Date (and the related
                  Accrual Period) for each of these Lower-Tier Regular Interests
                  is a per
                  annum rate equal to the Net WAC.

              

      

      

      
        	 	
                (2)

              	
                The
                  MT-I Interest is an interest only interest that does not have a
                  principal
                  balance but has a notional amount as of any Distribution Date equal
                  to the
                  aggregate of the principal balances of the MT-Initial and MT-Additional
                  Interests the first day of the related Accrual Period. For any
                  Distribution Date before the Distribution Date in November 2016,
                  it shall
                  bear interest for the related Accrual Period at a fixed rate of
                  0.00%, and
                  for each Distribution Date commencing on the Distribution Date
                  in November
                  2016 and on each Distribution Date thereafter until the Final Maturity
                  Reserve Termination Date, it shall bear interest for the related
                  Accrual
                  Period at a fixed rate equal to the Final Maturity Reserve
                  Rate.

              

      

      

      
        	 	
                (3)

              	
                The
                  MT-R Interest is the sole Class of residual interest in the Middle-Tier
                  REMIC. It does not have an interest rate or a principal
                  balance.

              

      

      

      On
        each
        Distribution Date, Available Funds shall be distributed in payment of principal
        on the Lower-Tier Regular Interests as follows:

      

      
        	 	
                a.

              	
                concurrently
                  to the MT-1A-1A, MT-1A-1B, MT-2A-1A, MT-2A-1B, MT-2A-1C, MT-B-1,
                  MT-B-2,
                  MT-B-3, MT-B-4, MT-B-5, MT-B-6, MT-B-7, and MT-P Interests until
                  the
                  principal balance of each such Middle-Tier Regular Interest equals
                  50% of
                  the Class Principal Balance of the Corresponding Class of Certificates
                  immediately after such Distribution
                  Date;

              

      

      

      
        	 	
                b.

              	
                to
                  the MT-Q Interest until its principal balance equals the excess,
                  if any,
                  of (I) the aggregate Pool Balance immediately after such Distribution
                  Date
                  over (II) the aggregate of the principal balances of the Middle-Tier
                  Regular Interests (other than the MT-Q and the MT-I Interests)
                  after
                  taking into account distributions on such Distribution Date under
                  priority
                  (a) above; and

              

      

      

      
        	 	
                c.

              	
                finally,
                  to the Lower-Tier Regular Interests, as distributions of interest
                  at the
                  interest rates shown in the table
                  above.

              

      

      

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

      On
        each
        Distribution Date, after taking into account principal distributions under
        priorities (a) and (b) above, Realized Mosses attributable to principal and
        any
        Net Deferred Interest shall each be allocated among the Middle-Tier Regular
        Interests in the same manner that principal is distributed among such
        Middle-Tier Regular Interests.

      

      On
        each
        Distribution Date, Prepayment Penalty Amounts shall be distributed to the
        MT-P
        Interest.

      

      Upper-Tier
        REMIC

      

      The
        following table sets forth (or describes) the Class designation, Pass-Through
        Rate and Original Class Principal Balance for each Class of Certificates,
        each
        of which, except for the Class R Certificates, is hereby designated as
        representing ownership of a REMIC regular interest in the Upper-Tier REMIC
        for
        purposes of the REMIC Provisions:

       

      
        	
                Class

              	
                Original
                  Class Principal Balance or

                Class
                  Notional Balance

              	
                Pass-Through
                  Rate

              
	
                Class
                  1A-1A

              	
                $450,326,000

              	
                (1)

              
	
                Class
                  1A-1B (8)

              	
                $112,582,000

              	
                (1)

              
	
                Class
                  2A-1A

              	
                $591,709,000

              	
                (1)

              
	
                Class
                  2A-1B

              	
                $246,546,000

              	
                (1)

              
	
                Class
                  2A-1C

              	
                $147,927,000

              	
                (1)

              
	
                Class
                  B-1

              	
                 
                  $42,217,000

              	
                (1)

              
	
                Class
                  B-2

              	
                 
                  $35,324,000

              	
                (1)

              
	
                Class
                  B-3

              	
                 
                  $10,339,000

              	
                (1)

              
	
                Class
                  B-4

              	
                 
                  $24,985,000

              	
                (1)

              
	
                Class
                  B-5

              	
                 
                  $18,954,000

              	
                (1)

              
	
                Class
                  B-6

              	
                 
                  $16,370,000

              	
                (1)

              
	
                Class
                  B-7

              	
                 
                  $17,231,000

              	
                (1)

              
	
                Class
                  C

              	
                (2)

              	
                (2)

              
	
                Class
                  P

              	
                            
                  $100

              	
                (3)

              
	
                Class
                  R

              	
                (4)

              	
                (4)

              
	
                Class
                  ES

              	
                (5)

              	
                (5)

              

      

      ____________

      
        	 	
                (1)

              	
                Calculated
                  pursuant to the definition of “Pass-Through
                  Rate.”

              

      

      

      
        	 	
                (2)

              	
                The
                  Class C Interest shall have an initial principal balance of $8,615,333.93
                  The Class C Interest also comprises a notional component having
                  a notional
                  amount that at all times will equal the aggregate of the principal
                  balances of the Middle-Tier Regular Interests (i.e., the Pool Balance).
                  For each Distribution Date (and the related Accrual Period), the
                  notional
                  component shall bear interest at a rate equal to the excess of
                  (a) the
                  weighted average of the interest rates on the Middle-Tier Regular
                  Interests (other than the MT-I Interest), weighted on the basis
                  of the
                  principal balance of each such Middle-Tier Interest, over (b) the
                  Adjusted
                  Middle-Tier WAC. For any Distribution Date, interest that accrues
                  on the
                  notional component of the Class C Interest shall be deferred to
                  the extent
                  of any increase in the Overcollateralized Amount on such date.
                  Such
                  deferred interest shall not itself bear interest. In addition to
                  the
                  rights set forth above, the Class C Certificates shall also evidence
                  ownership of the MT-I Interest in the Middle-Tier
                  REMIC.

              

      

      

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

      
        	 	
                (3)

              	
                The
                  Class P Certificate shall not bear interest at a stated rate. The
                  Class P
                  Certificate shall have an initial Class Principal Balance of $100.00.
                  Prepayment Penalty Amounts paid with respect to the Mortgage Loans
                  shall
                  be distributed to the Class P
                  Certificates.

              

      

      

      
        	 	
                (4)

              	
                The
                  Class R Certificate represents the sole class of residual interest
                  in the
                  Upper-Tier REMIC and does not have a principal balance or a pass-through
                  rate. In addition, the Class R Certificate represents ownership
                  of the
                  MT-R Interest in the Lower-Tier REMIC and the MT-R Interest in
                  the
                  Middle-Tier REMIC.

              

      

      

      
        	 	
                (5)

              	
                The
                  Class ES Certificate is entitled to receive the “Class ES Distributable
                  Amount.” The Class ES Certificate does not represent an interest in any
                  REMIC created hereby and does not have a pass-through
                  rate.

              

      

      

      ARTICLE
        I

      DEFINITIONS;
        DECLARATION OF TRUST

      

      
        	 	
                SECTION
                  1.01.

              	
                Defined
                  Terms. 

              

      

      

      Whenever
        used in this Agreement or in the Preliminary Statement, the following words
        and
        phrases, unless the context otherwise requires, shall have the meanings
        specified in this Article. All calculations of interest described herein
        shall
        be made on the basis of an assumed 360-day year consisting of twelve 30-day
        months unless otherwise indicated in this Agreement.

       

      “Account”:
        The
        Distribution Account, the Yield Maintenance Trust Account, the Yield Maintenance
        Account, the Final Maturity Reserve Account, the Basis Risk Reserve Fund,
        the
        Servicing Account or the Policy Account, as the context requires.

      

      “Accrual
        Period”:
        With
        respect to each Distribution Date and the LIBOR Certificates, the period
        beginning on the immediately preceding Distribution Date (or the Closing
        Date,
        in the case of the first Distribution Date) and ending on the day immediately
        preceding such Distribution Date. Interest for such Classes of LIBOR
        Certificates will be calculated based upon a 360-day year and the actual
        number
        of days in each Accrual Period. With respect to any Distribution Date, the
        Class
        C Certificates, each Lower-Tier Regular Interest and each Middle-Tier Regular
        Interest, the calendar month preceding such Distribution Date. Interest for
        the
        Class C Certificates, each Lower-Tier Regular Interest and each Middle-Tier
        Regular Interest will be calculated based on a 360-day year and assuming
        each
        month has 30 days.

      

      “Additional
        Disclosure Notification”:
        As
        defined in Section 3.19(a).

      

      “Additional
        Form 10-D Disclosure”:
        As
        defined in Section 3.19(a).

      

      “Additional
        Form 10-K Disclosure”:
        As
        defined in Section 3.19(b).

      

      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

      

      “Additional
        Mortgage Loans”:
        Any of
        the Group 2 Mortgage Loans with a Cut-off Date of November 1, 2006 and which
        are
        included in the Trust Fund as of the Closing Date. The aggregate Stated
        Principal Balance of the Additional Mortgage Loans is equal to
        $34,249,553.61.

      

      “Adjusted
        Cap Rate”:
        Any of
        the Group 1 Adjusted Cap Rate, the Group 2 Adjusted Cap Rate or the Subordinate
        Adjusted Cap Rate.

      

      “Adjusted
        Middle-Tier WAC”:
        For
        any Distribution Date (and the related Accrual Period), the product of (i)
        2
        multiplied by (ii) the weighted average of the interest rates on the Middle-Tier
        Regular Interests (other than the Class MT-I Interest), weighted on the basis
        of
        their principal balances as of the first day of the related Accrual Period
        and
        computed for this purpose by first (a) subjecting the interest rate on the
        MT-P
        and MT-Q Interests to a cap of 0.00%, and (b) subjecting the interest rate
        on
        each of the MT-1A-1A, MT-1A-1B, MT-2A-1A, MT-2A-1B, MT-2A-1C, MT-B-1, MT-B-2,
        MT-B-3, MT-B-4, MT-B-5, MT-B-6, and MT-B-7 Interests to a cap equal to the
        product of Pass-Through Rate for the Corresponding Class of Certificates
        for
        such Distribution Date multiplied by the quotient of the actual number of
        days
        in the Accrual Period divided
        by
        30.

      

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

      

      “Administrator”:
        Wells
        Fargo Bank, N.A. or its successor in interest, or any successor administrator
        appointed as herein provided.

      

      “Advance”:
        With
        respect to any Distribution Date and any Mortgage Loan or REO Property, any
        advance made by the Servicer including, without limitation, the Trustee in
        its
        capacity as successor Servicer in respect of such Distribution Date pursuant
        to
        Section 5.05 (or by the Trustee pursuant to Section 7.02 as successor Servicer)
        or by the Servicer in accordance with the Servicing Agreement for such
        Distribution Date.

      

      “Adverse
        REMIC Event”:
        Either
        (i) the loss of status as a REMIC, within the meaning of Section 860D of
        the
        Code, for any group of assets identified as a REMIC in the Preliminary Statement
        to this Agreement, or (ii) the imposition of any tax, including the tax imposed
        under Section 860F(a)(1) on prohibited transactions and the tax imposed under
        Section 860G(d) on certain contributions to a REMIC, on any REMIC created
        hereunder to the extent such tax would be payable from assets held as part
        of
        the Trust Fund.

      

      “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
          Collateral Balance”:
          With
          respect to any date of determination (other than the Closing Date), an
          amount
          equal to the aggregate Stated Principal Balance of the Mortgage Loans.
          With
          respect to the Closing Date, an amount equal to the aggregate Stated Principal
          Balance of the Mortgage Loans on the Cut-off Date.

         

      

      “Aggregate
        Final Maturity Reserve Amount”: 
        With respect any Distribution Date, the sum of the Group I Final Maturity
        Reserve Amount and the Group II Final Maturity Reserve Amount.

      

      
        
          
          

        

        
          6

          
            

          

        

        
          
          

        

      

      “Aggregate
        Premium Amount”:
        With
        respect to any Distribution Date and the Insured Certificates, the product
        of
        one-twelfth of the Premium Rate and the aggregate Class Principal Balance
        of the
        Class 1A-1B and Class 2A-1C Certificates for the immediately preceding
        Distribution Date, or, in the case of the first Distribution Date, the Closing
        Date, in each case after giving effect to distributions of principal made
        on
        such Distribution Date.

      

      “Agreement”:
        This
        Pooling and Servicing Agreement dated as of October 1, 2006, as amended,
        supplemented and otherwise modified from time to time.

      

      “Allocated
        Realized Loss Amount”:
        For
        any Distribution Date and any Class of Offered Certificates, an amount equal
        the
        sum of any Realized Losses allocated to that Class of Certificates on such
        Distribution Date and any Allocated Realized Loss Amounts previously allocated
        to such Class pursuant to Section 5.03 minus
        any
        amounts distributed to such Class pursuant to Section 5.01(a)(iv) in respect
        of
        Allocated Realized Loss Amounts.

      

      “Apportioned
        Principal Balance”:
        With
        respect to any Class of Subordinate Certificates, either Loan Group and any
        Distribution Date, the Class Principal Balance of such Class immediately
        prior
        to such Distribution Date multiplied by a fraction, the numerator of which
        is
        the Subordinate Component for the related Loan Group for such date and the
        denominator of which is the sum of the Subordinate Components (in the aggregate)
        for such date.

      

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

      

      “Available
        Funds”:
        With
        respect to any Distribution Date and any Loan Group, an amount equal to
        (i) the sum, without duplication, of (a) the aggregate of the Monthly
        Payments received on or prior to the related Determination Date (excluding
        Monthly Payments due in future Due Periods but received by the related
        Determination Date) in respect of the Mortgage Loans in such Loan Group,
        (b) Net Liquidation Proceeds, Insurance Proceeds (including from primary
        mortgage insurance policies), Principal Prepayments (excluding Prepayment
        Penalty Amounts), Recoveries and other unscheduled recoveries of principal
        and
        interest in respect of the Mortgage Loans in such Loan Group received during
        the
        related Prepayment Period, (c) the aggregate of any amounts received in respect
        of REO Properties for such Distribution Date in respect of the Mortgage Loans
        in
        such Loan Group, (d) the aggregate of any amounts of Interest Shortfalls
        (excluding for such purpose all shortfalls as a result of Relief Act Reductions)
        paid by the Servicer pursuant to the Servicing Agreement and Compensating
        Interest Payments deposited in the Distribution Account for that Distribution
        Date in respect of the Mortgage Loans in such Loan Group, (e) the aggregate
        of the Purchase Prices, Substitution Adjustments, Repurchase Prices and other
        amounts collected for purchases or substitutions pursuant to Section 2.03
        deposited in the Distribution Account during the related Prepayment Period
        in
        respect of the Mortgage Loans in such Loan Group, (f) the aggregate of any
        Advances made by the Servicer for that Distribution Date in respect of the
        Mortgage Loans in such Loan Group, (g) the aggregate of any Advances made
        by the Trustee (as successor Servicer) for such Distribution Date pursuant
        to
        Section 7.02 hereof in respect of the Mortgage Loans in such Loan Group and
        (h) the Termination Price allocated to such Loan Group on the Distribution
        Date on which the Trust Fund is terminated, minus
        (ii) the
        sum of (v) to the extent of amounts attributable to interest, the related
        Premium Amount payable on such Distribution Date to the Certificate Insurer
        from
        the applicable Loan Group, (w) to the extent of amounts attributable to
        interest, the Expense Fees for such Distribution Date in respect of the Mortgage
        Loans in such Loan Group, (x) to the extent of amounts attributable to interest
        or principal, as applicable, amounts in reimbursement for Advances previously
        made in respect of the Mortgage Loans in such Loan Group and other amounts
        as to
        which the Servicer, the Trustee, the Credit Risk Manager and the Custodian
        are
        entitled to be reimbursed pursuant to Section 4.03, (y) first, to the extent
        of
        amounts attributable to interest, and second, if such amounts are insufficient,
        to the extent of amounts attributable to principal, the amount payable to
        the
        Trustee pursuant to Section 8.05 and to the Custodian pursuant to the Custodial
        Agreement in respect of Mortgage Loans in such Loan Group or if not related
        to a
        Mortgage Loan, allocated to each Loan Group on a pro
        rata
        basis
        and (z) amounts deposited in the Distribution Account, as the case may be,
        in
        error, in respect of Mortgage Loans in such Loan Group.

      

      
        
          
          

        

        
          7

          
            

          

        

        
          
          

        

      

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

      

      “Basis
        Risk Reserve Fund”:
        A fund
        created as part of the Trust Fund pursuant to Section 5.07 of this Agreement
        but
        which is not an asset of any of the REMICs.

      

      “Basis
        Risk Shortfall”:
        With
        respect to any Distribution Date and the LIBOR Certificates, the sum
        of:

      

      (i) the
        excess, if any, of the Interest Distributable Amount that such Class would
        have
        been entitled to receive if the Pass-Through Rate for such Class were calculated
        without regard to clause (ii) in the definition thereof, over the actual
        Interest Distributable Amount such Class is entitled to receive for such
        Distribution Date (computed without regard to any allocation of Net Interest
        Shortfalls);

      

      (ii) any
        excess described in clause (i) above remaining unpaid from prior Distribution
        Dates; and

      

      (iii) interest
        for the applicable Accrual Period on the amount described in clause (ii)
        above
        based on the applicable Pass-Through Rate, determined without regard to clause
        (ii) in the definition thereof.

      

      “Book-Entry
        Certificates”:
        Any of
        the Certificates that shall be registered in the name of the Depository or
        its
        nominee, the ownership of which is reflected on the books of the Depository
        or
        on the books of a Person maintaining an account with the Depository (directly,
        as a “Depository Participant”, or indirectly, as an indirect participant in
        accordance with the rules of the Depository and as described in Section 6.02
        hereof). On the Closing Date, all Classes of the Certificates other than
        the
        Physical Certificates shall be Book-Entry Certificates.

      

      “Bulk
        PMI Fee”:
        Not
        applicable.

      

      
        
          
          

        

        
          8

          
            

          

        

        
          
          

        

      

      “Bulk
        PMI Fee Rate”:
        Not
        applicable.

      

      “Bulk
        PMI Policy”:
        Not
        applicable.

      

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

      

      “Call
        Option”:
        The
        right to terminate this Agreement and the Trust Fund pursuant to the second
        paragraph of Section 10.01(a) hereof.

      

      “Call
        Option Date”:
        As
        defined in Section 10.01(a) hereof.

      

      “Certificate”:
        Any
        Regular Certificate, Residual Certificate, Class C Certificate, Class ES
        Certificate or Class P Certificate.

      

      “Certificate
        Group 1”:
        At any
        time, the Group 1 Certificates.

      

      “Certificate
        Group 2”:
        At any
        time, the Group 2 Certificates.

      

      “Certificate
        Group”:
        Either
        Certificate Group 1 or Certificate Group 2, as the context
        requires.

      

      “Certificate
        Insurer”:
        Financial Security Assurance Inc., a New York financial guaranty insurance
        company.

      

      “Certificate
        Insurer Default”:
        (a)
        The failure by the Certificate Insurer to make a payment required under the
        Financial Guaranty Insurance Policy in accordance with its terms (unless
        such
        failure was due to the failure of the Trustee to provide a correct and timely
        notice of claim); (b)
        the
        entry of a final and non-appealable decree or order of a court or agency
        having
        jurisdiction in respect of the Certificate Insurer in an involuntary case
        under
        any present or future federal or state bankruptcy, insolvency or similar
        law
        appointing a conservator or receiver or liquidator or other similar official
        of
        the Certificate Insurer or of any substantial part of its property, or the
        entering of a final and non-appealable order for the winding up or liquidation
        of the affairs of the Certificate Insurer; (c) the Certificate Insurer shall
        consent to the appointment of a conservator or receiver or liquidator or
        other
        similar official in any insolvency, readjustment of debt, marshaling of assets
        and liabilities or similar proceedings of or relating to the Certificate
        Insurer
        or of or relating to all or substantially all of its property; or (d) the
        Certificate Insurer shall admit in writing its inability to pay its debts
        generally as they become due, file a petition to take advantage of or otherwise
        voluntarily commence a case or proceeding under any applicable bankruptcy,
        insolvency, reorganization or other similar statute, make an assignment for
        the
        benefit of its creditors, or voluntarily suspend payment of its
        obligations.

      

      “Certificate
        Insurer Reimbursement Amount”:
        For
        any Distribution Date, the sum of (a) all amounts previously paid by the
        Certificate Insurer in respect of Insured Amounts for which the Certificate
        Insurer has not been reimbursed prior to such Distribution Date and (b) interest
        accrued on the foregoing at the Late Payment Rate from the date the Trustee
        received such amounts paid by the Certificate Insurer to such Distribution
        Date.

      

      
        
          
          

        

        
          9

          
            

          

        

        
          
          

        

      

      “Certificate
        Owner”:
        With
        respect to each Book-Entry Certificate, any beneficial owner thereof and
        with
        respect to each Physical Certificate, the Certificateholder
        thereof.

      

      “Certificate
        Principal Balance”:
        With
        respect to each Certificate of a given Class (other than the Class C, Class
        ES
        and Class R Certificates) and any date of determination, the product of (i)
        the
        Class Principal Balance of such Class and (ii) the applicable Percentage
        Interest of such Certificate.

      

      “Certificate
        Register”
and
        “Certificate
        Registrar”:
        The
        register maintained and registrar appointed pursuant to Section 6.02 hereof.
        Wells Fargo Bank, N.A. will act as Certificate Registrar, for so long as
        it is
        the Trustee under this Agreement.

      

      “Certificateholder”
or
        “Holder”:
        The
        Person in whose name a Certificate is registered in the Certificate Register,
        except that a Disqualified Organization or non-U.S. Person shall not be a
        Holder
        of the Residual Certificate for any purpose hereof; provided
        that
        solely for the purposes of taking any action or giving any consent pursuant
        to
        this Agreement, any Certificate registered in the name of the Depositor,
        the
        Trustee, the NIMS Insurer, the Servicer, the Credit Risk Manager or any
        Affiliate thereof shall be deemed not to be outstanding in determining whether
        the requisite percentage necessary to effect any such consent has been obtained,
        except that, in determining whether the Trustee shall be protected in relying
        upon any such consent, only Certificates which a Responsible Officer of the
        Trustee knows to be so owned shall be disregarded.

      

      “Certification
        Parties”:
        As
        defined in Section 3.06.

      

      “Certifying
        Person”:
        As
        defined in Section 3.06.

      

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

      

      “Class
        1A-1B Premium Amount”:
        With
        respect to any Distribution Date and the Class 1A-1B Certificates, the product
        of one-twelfth of the Premium Rate and the Class Principal Balance of the
        Class
        1A-1B Certificates on the immediately preceding Distribution Date, or, in
        the
        case of the first Distribution Date, on the Closing Date, in each case after
        giving effect to distributions of principal made on such Distribution
        Date.

      

      “Class
        2A-1C Premium Amount”:
        With
        respect to any Distribution Date and the Class 2A-1C Certificates, the product
        of one-twelfth of the Premium Rate and the Class Principal Balance of the
        Class
        2A-1C Certificates on the immediately preceding Distribution Date, or, in
        the
        case of the first Distribution Date, on the Closing Date, in each case after
        giving effect to distributions of principal made on such Distribution
        Date.

      

      
        
          
          

        

        
          10

          
            

          

        

        
          
          

        

      

      “Class
        B-1 Principal Distribution Amount”:
        For
        any Distribution Date, an amount equal to the lesser of (a) the Class Principal
        Balance of the Class B-1 Certificates immediately prior to such Distribution
        Date and (b) the excess of (x) the sum of (i) the aggregate Class Principal
        Balance of the Senior Certificates (after taking into account the distribution
        of the Senior Principal Distribution Amount on such Distribution Date) and
        (ii)
        the Class Principal Balance of the Class B-1 Certificates immediately prior
        to
        such Distribution Date over (y) the lesser of (A) the product of (i) for
        each
        Distribution Date prior to November 2012, 80.875% and thereafter 84.700%
        and
        (ii) the aggregate Principal Balance of the Mortgage Loans as of the last
        day of
        the related Due Period (after giving effect to scheduled payments of principal
        due during the related Due Period, to the extent received or advanced, and
        unscheduled collections of principal received during the related Prepayment
        Period) and (B) the aggregate Principal Balance of the Mortgage Loans as
        of the
        last day of the related Due Period (after giving effect to scheduled payments
        of
        principal due during the related Due Period, to the extent received or advanced,
        and unscheduled collections of principal received during the related Prepayment
        Period) minus
        $8,615,627.

      

      “Class
        B-2 Principal Distribution Amount”:
        For
        any Distribution Date, an amount equal to the lesser of (a) the Class Principal
        Balance of the Class B-2 Certificates immediately prior to such Distribution
        Date and (b) the excess of (x) the sum of (i) the aggregate Class Principal
        Balance of the Senior Certificates (after taking into account the distribution
        of the Senior Principal Distribution Amount on such Distribution Date), (ii)
        the
        Class Principal Balance of the Class B-1 Certificates immediately prior to
        such
        Distribution Date (after taking into account the distribution of the Class
        B-1
        Principal Distribution Amount on such Distribution Date) and (iii) the Class
        Principal Balance of the Class B-2 Certificates immediately prior to such
        Distribution Date over (y) the lesser of (A) the product of (i) for each
        Distribution Date prior to November 2012, 86.000% and thereafter 88.800%
        and
        (ii) the aggregate Principal Balance of the Mortgage Loans as of the last
        day of
        the related Due Period (after giving effect to scheduled payments of principal
        due during the related Due Period, to the extent received or advanced, and
        unscheduled collections of principal received during the related Prepayment
        Period) and (B) the aggregate Principal Balance of the Mortgage Loans as
        of the
        last day of the related Due Period (after giving effect to scheduled payments
        of
        principal due during the related Due Period, to the extent received or advanced,
        and unscheduled collections of principal received during the related Prepayment
        Period) minus
        $8,615,627.

      

      “Class
        B-3 Principal Distribution Amount”:
        For
        any Distribution Date, an amount equal to the lesser of (a) the Class Principal
        Balance of the Class B-3 Certificates immediately prior to such Distribution
        Date and (b) the excess of (x) the sum of (i) the aggregate Class Principal
        Balance of the Senior Certificates (after taking into account the distribution
        of the Senior Principal Distribution Amount on such Distribution Date), (ii)
        the
        Class Principal Balance of the Class B-1 Certificates immediately prior to
        such
        Distribution Date (after taking into account the distribution of the Class
        B-1
        Principal Distribution Amount on such Distribution Date), (iii) the Class
        Principal Balance of the Class B-2 Certificates immediately prior to such
        Distribution Date (after taking into account the distribution of the Class
        B-2
        Principal Distribution Amount on such Distribution Date) and (iv) the Class
        Principal Balance of the Class B-3 Certificates immediately prior to such
        Distribution Date over (y) the lesser of (A) the product of (i) for each
        Distribution Date prior to November 2012, 87.500% and thereafter 90.000%
        and
        (ii) the aggregate Principal Balance of the Mortgage Loans as of the last
        day of
        the related Due Period (after giving effect to scheduled payments of principal
        due during the related Due Period, to the extent received or advanced, and
        unscheduled collections of principal received during the related Prepayment
        Period) and (B) the aggregate Principal Balance of the Mortgage Loans as
        of the
        last day of the related Due Period (after giving effect to scheduled payments
        of
        principal due during the related Due Period, to the extent received or advanced,
        and unscheduled collections of principal received during the related Prepayment
        Period) minus
        $8,615,627.

      

      
        
          
          

        

        
          11

          
            

          

        

        
          
          

        

      

      “Class
        B-4 Principal Distribution Amount”:
        For
        any Distribution Date, an amount equal to the lesser of (a) the Class Principal
        Balance of the Class B-4 Certificates immediately prior to such Distribution
        Date and (b) the excess of (x) the sum of (i) the aggregate Class Principal
        Balance of the Senior Certificates (after taking into account the distribution
        of the Senior Principal Distribution Amount on such Distribution Date), (ii)
        the
        Class Principal Balance of the Class B-1 Certificates immediately prior to
        such
        Distribution Date (after taking into account the distribution of the Class
        B-1
        Principal Distribution Amount on such Distribution Date), (iii) the Class
        Principal Balance of the Class B-2 Certificates immediately prior to such
        Distribution Date (after taking into account the distribution of the Class
        B-2
        Principal Distribution Amount on such Distribution Date), (iv) the Class
        Principal Balance of the Class B- 3 Certificates immediately prior to such
        Distribution Date (after taking into account the distribution of the Class
        B-3
        Principal Distribution Amount on such Distribution Date) and (v) the Class
        Principal Balance of the Class B-4 Certificates immediately prior to such
        Distribution Date over (y) the lesser of (A) the product of (i) for each
        Distribution Date prior to November 2012, 91.125% and thereafter 92.900%
        and
        (ii) the aggregate principal balance of the Mortgage Loans as of the last
        day of
        the related Due Period (after giving effect to scheduled payments of principal
        due during the related Due Period, to the extent received or advanced, and
        unscheduled collections of principal received during the related Prepayment
        Period) and (B) the aggregate principal balance of the Mortgage Loans as
        of the
        last day of the related Due Period (after giving effect to scheduled payments
        of
        principal due during the related Due Period, to the extent received or advanced,
        and unscheduled collections of principal received during the related Prepayment
        Period) minus
        $8,615,627.

      

      “Class
        B-5 Principal Distribution Amount”:
        For
        any Distribution Date, an amount equal to the lesser of (a) the Class Principal
        Balance of the Class B-5 Certificates immediately prior to such Distribution
        Date and (b) the excess of (x) the sum of (i) the aggregate Class Principal
        Balance of the Senior Certificates (after taking into account the distribution
        of the Senior Principal Distribution Amount on such Distribution Date), (ii)
        the
        Class Principal Balance of the Class B-1 Certificates immediately prior to
        such
        Distribution Date (after taking into account the distribution of the Class
        B-1
        Principal Distribution Amount on such Distribution Date), (iii) the Class
        Principal Balance of the Class B-2 Certificates immediately prior to such
        Distribution Date (after taking into account the distribution of the Class
        B-2
        Principal Distribution Amount on such Distribution Date), (iv) the Class
        Principal Balance of the Class B-3 Certificates immediately prior to such
        Distribution Date (after taking into account the distribution of the Class
        B-3
        Principal Distribution Amount on such Distribution Date), (v) the Class
        Principal Balance of the Class B-4 Certificates immediately prior to such
        Distribution Date (after taking into account the distribution of the Class
        B-4
        Principal Distribution Amount on such Distribution Date) and (vi) the Class
        Principal Balance of the Class B-5 Certificates immediately prior to such
        Distribution Date over (y) the lesser of (A) the product of (i) for each
        Distribution Date prior to November 2012, 93.875% and thereafter 95.100%
        and
        (ii) the aggregate principal balance of the Mortgage Loans as of the last
        day of
        the related Due Period (after giving effect to scheduled payments of principal
        due during the related Due Period, to the extent received or advanced, and
        unscheduled collections of principal received during the related Prepayment
        Period) and (B) the aggregate principal balance of the Mortgage Loans as
        of the
        last day of the related Due Period (after giving effect to scheduled payments
        of
        principal due during the related Due Period, to the extent received or advanced,
        and unscheduled collections of principal received during the related Prepayment
        Period) minus
        $8,615,627.

      

      
        
          
          

        

        
          12

          
            

          

        

        
          
          

        

      

      “Class
        B-6 Principal Distribution Amount”:
        For any
        Distribution Date, an amount equal to the lesser of (a) the Class Principal
        Balance of the Class B-6 Certificates immediately prior to such Distribution
        Date and (b) the excess of (x) the sum of (i) the aggregate Class Principal
        Balance of the Senior Certificates (after taking into account the distribution
        of the Senior Principal Distribution Amount on such Distribution Date), (ii)
        the
        Class Principal Balance of the Class B-1 Certificates immediately prior to
        such
        Distribution Date (after taking into account the distribution of the Class
        B-1
        Principal Distribution Amount on such Distribution Date), (iii) the Class
        Principal Balance of the Class B-2 Certificates immediately prior to such
        Distribution Date (after taking into account the distribution of the Class
        B-2
        Principal Distribution Amount on such Distribution Date), (iv) the Class
        Principal Balance of the Class B-3 Certificates immediately prior to such
        Distribution Date (after taking into account the distribution of the Class
        B-3
        Principal Distribution Amount on such Distribution Date), (v) the Class
        Principal Balance of the Class B-4 Certificates immediately prior to such
        Distribution Date (after taking into account the distribution of the Class
        B-4
        Principal Distribution Amount on such Distribution Date), (vi) the Class
        Principal Balance of the Class B-5 Certificates immediately prior to such
        Distribution Date (after taking into account the distribution of the Class
        B-5
        Principal Distribution Amount on such Distribution Date) and (vii) the Class
        Principal Balance of the Class B-6 Certificates immediately prior to such
        Distribution Date over (y) the lesser of (A) the product of (i) for each
        Distribution Date prior to November 2012, 96.250% and thereafter 97.000%
        and
        (ii) the aggregate principal balance of the Mortgage Loans as of the last
        day of
        the related Due Period (after giving effect to scheduled payments of principal
        due during the related Due Period, to the extent received or advanced, and
        unscheduled collections of principal received during the related Prepayment
        Period) and (B) the aggregate principal balance of the Mortgage Loans as
        of the
        last day of the related Due Period (after giving effect to scheduled payments
        of
        principal due during the related Due Period, to the extent received or advanced,
        and unscheduled collections of principal received during the related Prepayment
        Period) minus
        $8,615,627.

      

      “Class
        B-7 Principal Distribution Amount”:
        For
        any Distribution Date, an amount equal to the lesser of (a) the Class Principal
        Balance of the Class B-7 Certificates immediately prior to such Distribution
        Date and (b) the excess of (x) the sum of (i) the aggregate Class Principal
        Balance of the Senior Certificates (after taking into account the distribution
        of the Senior Principal Distribution Amount on such Distribution Date), (ii)
        the
        Class Principal Balance of the Class B-1 Certificates immediately prior to
        such
        Distribution Date (after taking into account the distribution of the Class
        B-1
        Principal Distribution Amount on such Distribution Date), (iii) the Class
        Principal Balance of the Class B-2 Certificates immediately prior to such
        Distribution Date (after taking into account the distribution of the Class
        B-2
        Principal Distribution Amount on such Distribution Date), (iv) the Class
        Principal Balance of the Class B-3 Certificates immediately prior to such
        Distribution Date (after taking into account the distribution of the Class
        B-3
        Principal Distribution Amount on such Distribution Date), (v) the Class
        Principal Balance of the Class B-4 Certificates immediately prior to such
        Distribution Date (after taking into account the distribution of the Class
        B-4
        Principal Distribution Amount on such Distribution Date), (vi) the Class
        Principal Balance of the Class B-5 Certificates immediately prior to such
        Distribution Date (after taking into account the distribution of the Class
        B-5
        Principal Distribution Amount on such Distribution Date) (vii) the Class
        Principal Balance of the Class B-6 Certificates immediately prior to such
        Distribution Date (after taking into account the distribution of the Class
        B-6
        Principal Distribution Amount on such Distribution Date)and (viii) the Class
        Principal Balance of the Class B-7 Certificates immediately prior to such
        Distribution Date over (y) the lesser of (A) the product of (i) for each
        Distribution Date prior to November 2012, 98.750% and thereafter 99.000%
        and
        (ii) the aggregate principal balance of the Mortgage Loans as of the last
        day of
        the related Due Period (after giving effect to scheduled payments of principal
        due during the related Due Period, to the extent received or advanced, and
        unscheduled collections of principal received during the related Prepayment
        Period) and (B) the aggregate principal balance of the Mortgage Loans as
        of the
        last day of the related Due Period (after giving effect to scheduled payments
        of
        principal due during the related Due Period, to the extent received or advanced,
        and unscheduled collections of principal received during the related Prepayment
        Period) minus
        $8,615,627.

      
        
          
          

        

        
          13

          
            

          

        

        
          
          

        

      

      

      “Class
        C Distributable Amount”:
        With
        respect to any Distribution Date, the amount of interest that has accrued
        on the
        Class C Notional Balance, as described in the Preliminary Statement, but
        that
        has not been distributed pursuant to Section 5.01(a)(iv)(I) hereof prior
        to such
        Distribution Date. In addition, such amount shall include the initial
        Overcollateralized Amount (less the $100 of such amount allocated to the
        Class P
        Certificates) to the extent such amount has not been distributed on prior
        Distribution Dates as part of the Overcollateralization Release
        Amount.

      

      “Class
        C Notional Balance”:
        With
        respect to any Distribution Date (and the related Accrual Period) the aggregate
        principal balance of the Middle-Tier Regular Interests (the Pool Balance)
        as
        specified in the Preliminary Statement.

      

      “Class
        ES Distributable Amount”:
        With
        respect to each Distribution Date and each Mortgage Loan, an amount equal
        to one
        month’s interest at the Excess Servicing Fee Rate on the Stated Principal
        Balance of such Mortgage Loan as of the Due Date in the month of such
        Distribution Date (prior to giving effect to any Scheduled Payments due on
        such
        Mortgage Loan on such Due Date).

      

      “Class
        LT-R Interest”:
        As
        described in the Preliminary Statement.

      

      “Class
        Principal Balance”:
        With
        respect to any Distribution Date and any Class of Regular Certificates, the
        Original Class Principal Balance thereof as (a) reduced by the sum of (x)
        all
        amounts actually distributed in respect of principal of that Class (including
        amounts paid from the Yield Maintenance Account pursuant to Section 5.01(h)(vii)
        on all prior Distribution Dates (provided, however, that the Certificate
        Insurer
        will be subrogated to the amount of any Realized Losses paid by it to the
        Insured Certificates), (y) all Realized Losses, if any, actually allocated
        to
        that Class on all prior Distribution Dates and (z) any applicable Writedown
        Amount, and (b) increased by (x) the amount of Deferred Interest allocated
        to
        such Class of Certificates on such Distribution Date as set forth in Section
        5.02 and (y) the amount paid in respect of Allocated Realized Loss Amounts
        to
        such Class of Certificates on such Distribution Date from the Yield Maintenance
        Account pursuant to Section 5.01(h)(i) or (ii) and (c) any Recoveries allocated
        to such Class of Certificates pursuant to Section 5.08.

      

      
        
          
          

        

        
          14

          
            

          

        

        
          
          

        

      

       

      “Close
        of Business”:
        As
        used herein, with respect to any Business Day and location, 5:00 p.m. at
        such
        location.

      

      “Closing
        Date”:
        November 13 , 2006.

      

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

      

      “Commission”:
        U.S.
        Securities and Exchange Commission.

      

      “Commitment
        Letter”:
        The
        letter dated the Closing Date from the Seller and the Depositor to the
        Certificate Insurer (a copy of which has been furnished to the Trustee) setting
        forth the payment arrangements for the Aggregate Premium Amount on the Financial
        Guaranty Insurance Policy and certain related expense payment
        arrangements.

      

      “Compensating
        Interest Payment”:
        With
        respect to any Distribution Date, the amount specified to be paid by the
        Servicer pursuant to Section 5.05 of the Servicing Agreement.

      

      “Controlling
        Person”:
        With
        respect to any Person, any other Person who “controls” such Person within the
        meaning of the Securities Act.

      

      “Cooperative
        Corporation”:
        The
        entity that holds title (fee or an acceptable leasehold estate) to the real
        property and improvements constituting the Cooperative Property and which
        governs the Cooperative Property, which Cooperative Corporation must qualify
        as
        a Cooperative Housing Corporation under Section 216 of the Code.

      

      “Cooperative
        Loan”:
        Any
        Mortgage Loan secured by Cooperative Shares and a Proprietary
        Lease.

      

      “Cooperative
        Loan Documents”:
        With
        respect to any Cooperative Loan, (i) the Cooperative Shares, together with
        a
        stock power in blank; (ii) the original or a copy of the executed Security
        Agreement and the assignment of the Security Agreement in blank; (iii) the
        original or a copy of the executed Proprietary Lease and the original assignment
        of the Proprietary Lease endorsed in blank; (iv) the original, if available,
        or
        a copy of the executed Recognition Agreement and, if available, the original
        assignment of the Recognition Agreement (or a blanket assignment of all
        Recognition Agreements) endorsed in blank; (v) the executed UCC-1 financing
        statement with evidence of recording thereon, which has been filed in all
        places
        required to perfect the security interest in the Cooperative Shares and the
        Proprietary Lease; and (vi) executed UCC amendments (or copies thereof) or
        other
        appropriate UCC financing statements required by state law, evidencing a
        complete and unbroken line from the mortgagee to the Trustee with evidence
        of
        recording thereon (or in a form suitable for recordation).

      

      
        
          
          

        

        
          15

          
            

          

        

        
          
          

        

      

      “Cooperative
        Property”:
        The
        real property and improvements owned by the Cooperative Corporation, that
        includes the allocation of individual dwelling units to the holders of the
        Cooperative Shares of the Cooperative Corporation.

      

      “Cooperative
        Shares”:
        Shares
        issued by a Cooperative Corporation.

      

      “Cooperative
        Unit”:
        A
        single family dwelling located in a Cooperative Property.

      

      “Corporate
        Trust Office”:
        With
        respect to the Trustee, the principal corporate trust office of the Trustee
        at
        which at any particular time its corporate trust business in connection with
        this Agreement shall be administered, which office at the date of the execution
        of this instrument is located at Wells Fargo Bank, N.A., 9062 Old Annapolis
        Road, Columbia, Maryland 21045, Attention: Corporate Trust, HarborView Mortgage
        Loan Trust 2006-10, or at such other address as the Trustee may designate
        from
        time to time by notice to the Certificateholders, the Depositor and the Seller.
        With respect to the Certificate Registrar and presentment of Certificates
        for
        registration of transfer, exchange or final payment, Wells Fargo Bank, N.A.,
        Sixth Street and Marquette Avenue, Minneapolis, Minnesota 55479, Attention:
        Corporate Trust, HarborView Mortgage Loan Trust 2006-10.

      

      “Corresponding
        Class”:
        With
        respect to each class of Middle Tier Regular Interests, the Class or Classes
        of
        Certificates corresponding to such class as set forth in the Preliminary
        Statement.

      

      “Credit
        Enhancement Percentage”:
        For
        any Distribution Date and any Class of Certificates, the percentage obtained
        by
        dividing (i) the sum of (x) the aggregate Class Principal Balance of the
        Subordinate Certificates subordinate to such Class and (y) the
        Overcollateralized Amount by (y) the aggregate Stated Principal Balance of
        the
        Mortgage Loans.

       

      
        	 	
                Initial
                  Credit Enhancement 

                Percentage

              	
                Target
                  Credit Enhancement 

                Percentage
                  before

                November
                  2012 or
Stepdown
                  Date

              	
                Target
                  Credit Enhancement 

                Percentage
                  on or after 

                November
                  2012 or

                Stepdown
                  Date

              
	
                Senior

              	
                10.100%

              	
                25.250%

              	
                20.200%

              
	
                B-1

              	
                7.650%

              	
                19.125%

              	
                15.300%

              
	
                B-2

              	
                5.600%

              	
                14.000%

              	
                11.200%

              
	
                B-3

              	
                5.000%

              	
                12.500%

              	
                10.000%

              
	
                B-4

              	
                3.550%

              	
                8.875%

              	
                7.100%

              
	
                B-5

              	
                2.450%

              	
                6.125%

              	
                4.900%

              
	
                B-6

              	
                1.500%

              	
                3.750%

              	
                3.000%

              
	
                B-7

              	
                0.500%

              	
                1.250%

              	
                1.000%

              

      

       

      “Credit
        Risk Management Agreement”:
        Either
        (i) the credit risk management agreement dated as of the Closing Date, entered
        into by the Servicer and the Credit Risk Manager or (ii) the credit risk
        management agreement dated as of the Closing Date, entered into by the Master
        Servicer and the Credit Risk Manager, as applicable.

      
        
          
          

        

        
          16

          
            

          

        

        
          
          

        

      

      “Credit
        Risk Manager”:
        Clayton Fixed Income Services Inc., a Colorado corporation, and its successors
        and assigns.

      

      “Credit
        Risk Manager Fee”:
        With
        respect to any Distribution Date and each Mortgage Loan, an amount equal
        to the
        product of (a) one twelfth, (b) the Credit Risk Manager Fee Rate and (c)
        the
        Scheduled Principal Balance of such Mortgage Loan as of the first day of
        the
        related Collection Period.

      

      “Credit
        Risk Manager Fee Rate”:
        0.0050% per annum.

      

      “Custodial
        Agreement”:
        The
        Custodial Agreement dated as of October 1, 2006, between the Trustee and
        the
        Custodian.

      

      “Custodial
        Fee”:
        The
        monthly fee payable to the Custodian for its services rendered under the
        Custodial Agreement as determined pursuant to a separate letter agreement
        between the Custodian and the Trustee.

      

      “Custodian”:
        Deutsche Bank National Trust Company, and its successors acting as custodian
        of
        the Mortgage Files.

      

        “Cut-off
          Date”:
          With
          respect to any Initial Mortgage Loan, the Close of Business in New York
          City on
          October 1, 2006, and with respect to any Additional Mortgage Loan, the
          Close of
          Business in New York City on November 1, 2006. With respect to any Qualified
          Substituted Mortgage Loan, the date designated as such on the Mortgage
          Loan
          Schedule (as amended).

         

      

      “Cut-off
        Date Aggregate Principal Balance”:
        The
        aggregate of the Cut-off Date Principal Balances of all of the Mortgage
        Loans.

      

      “Cut-off
        Date Collateral Balance”:
        With
        respect to any Distribution Date, the aggregate Stated Principal Balance
        of the
        Mortgage Loans as of the applicable Cut-off Date.

      

      “Cut-off
        Date Principal Balance”:
        With
        respect to any Mortgage Loan, the principal balance thereof remaining to
        be
        paid, after application of all scheduled principal payments due on or before
        the
        applicable Cut-off Date whether or not received as of the applicable Cut-off
        Date (or as of the applicable date of substitution with respect to a Qualified
        Substitute Mortgage Loan).

      

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

      

      “Deferred
        Interest”:
        With
        respect to each Mortgage Loan and each related Due Date, will be the excess,
        if
        any, of the amount of interest accrued on such Mortgage Loan from the preceding
        Due Date to such due date over the portion of the Monthly Payment allocated
        to
        interest for such Due Date.

      

      
        
          
          

        

        
          17

          
            

          

        

        
          
          

        

      

      “Deficiency
        Amount”:
        Means
        with respect to the Insured Certificates, (a) for any Distribution Date prior
        to
        the Final Distribution Date, the sum of (1) the excess, if any, of the Monthly
        Interest Distributable Amount on the Insured Certificates for such Distribution
        Date, net of any Interest Shortfalls, Basis Risk Shortfalls and Net Deferred
        Interest, over the amount of Available Funds to pay such net amount on the
        Insured Certificates on such Distribution Date and (2) the amount, if any,
        of
        any Realized Losses allocable to the Insured Certificates on such Distribution
        Date (after giving effect to all distributions to be made thereon on such
        Distribution Date, other than pursuant to a claim on the Financial Guaranty
        Insurance Policy) and (b) for the Final Distribution Date, the sum of (x)
        the
        amount set forth in clause (a)(1) above and (y) the aggregate outstanding
        Certificate Principal Balance of the Insured Certificates, after giving effect
        to all payments of principal on the Insured Certificates on such Final
        Distribution Date, other than pursuant to a claim on the Financial Guaranty
        Insurance Policy on that Distribution Date. Deficiency Amount shall not include
        (a) any portion of a Deficiency Amount due to holders of the Insured
        Certificates because a notice and certificate in proper form as required
        by the
        Financial Guaranty Insurance Policy was not timely received by the Certificate
        Insurer and (b) any portion of a Deficiency Amount due to holders of the
        Insured
        Certificates representing interest on any unpaid interest accrued from and
        including the date of payment by the Certificate Insurer of the amount of
        such
        unpaid interest.

      

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

      

      “Definitive
        Certificates”:
        Any
        Certificate evidenced by a Physical Certificate and any Certificate issued
        in
        lieu of a Book-Entry Certificate pursuant to Section 6.02(c) or (d)
        hereof.

      

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

      

      “Delinquent”:
        Any
        Mortgage Loan with respect to which the Monthly Payment due on a Due Date
        is not
        made.

      

      “Depositor”:
        Greenwich Capital Acceptance, Inc., a Delaware corporation, or any successor
        in
        interest.

      

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

      

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

      

      “Determination
        Date”:
        For
        any Distribution Date and each Mortgage Loan, the date each month, as set
        forth
        in the Servicing Agreement, on which the Servicer determines the amount of
        all
        funds required to be remitted to the Trustee on the Servicer Remittance Date
        with respect to the Mortgage Loans. 

      

      
        
          
          

        

        
          18

          
            

          

        

        
          
          

        

      

      “Disqualified
        Organization”:
        A
“disqualified organization” defined in Section 860E(e)(5) of the Code, or any
        other Person so designated by the Trustee based upon an Opinion of Counsel
        provided to the Trustee by nationally recognized counsel acceptable to the
        Trustee that the holding of an ownership interest in the Residual Certificate
        by
        such Person may cause the Trust Fund or any Person having an ownership interest
        in any Class of Certificates (other than such Person) to incur liability
        for any
        federal tax imposed under the Code that would not otherwise be imposed but
        for
        the transfer of an ownership interest in the Residual Certificate to such
        Person.

      

      “Distressed
        Mortgage Loan”:
        Any
        Mortgage Loan that at the date of determination is Delinquent in payment
        for a
        period of 90 days or more without giving effect to any grace period permitted
        by
        the related Mortgage Note or for which the Servicer on behalf of the Trust
        Fund
        has accepted a deed in lieu of foreclosure.

      

      “Distribution
        Account”:
        The
        trust account or accounts created and maintained by the Trustee pursuant
        to
        Section 4.02 hereof for the benefit of the Certificate Insurer and the
        Certificateholders and designated “Distribution Account, Wells Fargo Bank, N.A.,
        as Trustee, in trust for the registered Holders of HarborView Mortgage Loan
        Trust Mortgage Loan Pass-Through Certificates, Series 2006-10” and which must be
        an Eligible Account.

      

      “Distribution
        Account Income”:
        With
        respect to any Distribution Date, any interest or other investment income
        earned
        on funds deposited in the Distribution Account during the month of such
        Distribution Date.

      

      “Distribution
        Date”:
        The
        19th day of each month, or, if such day is not a Business Day, the next Business
        Day commencing in November 2006.

      

      “Distribution
        Date Statement”:
        As
        defined in Section 5.04(a) hereof.

      

      “Due
        Date”:
        With
        respect to each Mortgage Loan and any Distribution Date, the first day of
        the
        calendar month in which such Distribution Date occurs on which the Monthly
        Payment for such Mortgage Loan was due, exclusive of any days of
        grace.

      

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

      

      “Eligible
        Account”:
        Any
        of:

      

      (i)   
        an
        account or accounts maintained with a federal or state chartered depository
        institution or trust company the short-term unsecured debt obligations of
        which
        (or, in the case of a depository institution or trust company that is the
        principal subsidiary of a holding company, the short-term unsecured debt
        obligations of such holding company) are rated in the highest short term
        rating
        category of each Rating Agency at the time any amounts are held on deposit
        therein;

      

      
        
          
          

        

        
          19

          
            

          

        

        
          
          

        

      

      (ii)  
        an
        account or accounts the deposits in which are fully insured by the FDIC (to
        the
        limits established by it), the uninsured deposits in which account are otherwise
        secured such that, as evidenced by an Opinion of Counsel delivered to the
        Trustee and to each Rating Agency, the Trustee on behalf of the
        Certificateholders will have a claim with respect to the funds in the account
        or
        a perfected first priority security interest against the collateral (which
        shall
        be limited to Permitted Investments) securing those funds that is superior
        to
        claims of any other depositors or creditors of the depository institution
        with
        which such account is maintained;

      

      (iii) 
        a
        trust
        account or accounts maintained with the trust department of a federal or
        state
        chartered depository institution, national banking association or trust company
        acting in its fiduciary capacity; or 

      

      (iv) 
        an
        account otherwise acceptable to each Rating Agency without reduction or
        withdrawal of its then current ratings of the Certificates (without regard
        to
        the Financial Guaranty Insurance Policy) as evidenced by a letter from such
        Rating Agency to the Trustee. Eligible Accounts may bear interest.

      

      “Endorsement”:
        As
        defined in the Financial Guaranty Insurance Policy.

      

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

       

      “ERISA-Restricted
        Certificates”:
        (i)
        the Class 1A-1B Certificates, the Subordinate Certificates, the Class C
        Certificates, the Class ES Certificates, the Class P Certificates and the
        Residual Certificate, (ii) any Class 1A-1A Certificates that are not rated
        at
        least “AA-” (or its equivalent) by at least one nationally rated statistical
        rating organization upon acquisition,
        and
        (iii) any Class 2A-1A, Class 2A-1B or Class 2A-1C Certificates that are not
        rated at least “BBB-” (or its equivalent) by at least one nationally rated
        statistical rating organization upon acquisition.

      

        “ERISA
          Restricted Trust Certificate”:
          The
          Class 1A-1A, Class 2A-1, Class 2A-1B and Class 2A-1C Certificates.

         

        “Event
          of Default”:
          As
          defined in the Servicing Agreement.

      

      

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

      

      “Excess
        Servicing Fee Rate”:
        With
        respect to any Mortgage Loan, the excess, if any, of 0.375% per annum over
        the
        Subservicing Fee Rate.

      

      “Expense
        Fee”:
        With
        respect to any Mortgage Loan, the sum of (i) the Servicing Fee, (ii) the
        Credit
        Risk Manager Fee, (iii) any Bulk PMI Fee, if applicable, and (iv) with respect
        to any Lender-Paid Mortgage Insurance Loan, the Lender-Paid Mortgage Insurance
        Fee.

      

      “Expense
        Fee Rate”:
        With
        respect to any Mortgage Loan, the per annum rate at which the Expense Fee
        accrues for such Mortgage Loan as set forth in the Mortgage Loan
        Schedule.

      

      “Extra
        Principal Distribution Amount”:
        For
        any Distribution Date, is the lesser of (x) the Net Monthly Excess Cashflow
        for
        such Distribution Date (after distribution of any amounts pursuant to Section
        5.01(a)(iii)(A) and (B)) and (y) the Overcollateralization Deficiency Amount
        for
        such Distribution Date.

      

      
        
          
          

        

        
          20

          
            

          

        

        
          
          

        

      

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

      

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

      

      “Final
        Distribution Date”:
        The
        Distribution Date occurring in November 2036 (other than the Insured
        Certificates, which is December 2037).

      

      “Final
        Maturity Reserve Account”:
        The
        account created pursuant to Section 5.09 of this Agreement.

      

      “Final
        Maturity Reserve Rate”:
        A per
        annum rate equal to the product of (i) 1.00% and (ii) a fraction, the numerator
        of which is the aggregate Stated Principal Balance as of the applicable Cut-off
        Date of the Mortgage Loans having 40-year original terms to maturity and
        the
        denominator of which is the aggregate Stated Principal Balance as of the
        Cut-off
        Date of all of the Mortgage Loans.

      

      “Final
        Maturity Reserve Schedule”:
        With
        respect to each Distribution Date on or after the Distribution Date in November
        2016 through and including Final Maturity Reserve Termination Date, the
        aggregate principal balance set forth on Schedule II hereto for that
        Distribution Date.

      

      “Final
        Maturity Reserve Termination Date”:
        With
        respect to each distribution date on or after the distribution date in November
        2016, the earlier of (i) the Distribution Date in November 2036 or (ii) the
        termination of the Trust Fund.

      

      “Final
        Maturity Reserve Trust”:
        The
        corpus of a trust created pursuant to Section 5.09 of this Agreement and
        designated as the “Final Maturity Reserve Trust,” consisting of the Final
        Maturity Reserve Account, but which is not an asset of any REMIC.

      

      “Final
        Recovery Determination”:
        With
        respect to any defaulted Mortgage Loan or any REO Property (other than a
        Mortgage Loan or REO Property purchased by the Seller pursuant to or
        contemplated by Sections 2.03 and 10.01), a determination made by the Servicer,
        and reported to the Trustee, that all Insurance Proceeds, Liquidation Proceeds
        and other payments or recoveries which the Servicer expects to be finally
        recoverable in respect thereof have been so recovered.

      

      “Financial
        Guaranty Insurance Policy”:
        The
        Financial Guaranty Insurance Policy (No. 51775-N) with respect to the Insured
        Certificates, and all endorsements thereto dated the Closing Date, issued
        by the
        Certificate Insurer for the benefit of the Holders of the Insured Certificates,
        a copy of which is attached hereto as Exhibit Y.

      

      “Form
        8-K Disclosure Information”:
        As
        defined in Section 3.07(c)(i).

      

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

       

      “GCFP”:
        Greenwich Capital Financial Products, Inc., and its successors and
        assigns.

      
        
          
          

        

        
          21

          
            

          

        

        
          
          

        

      

      

      “GMAC”:
        GMAC
        Mortgage, LLC, as Servicer of the Mortgage Loans as set forth and as
        individually defined in the Mortgage Loan Schedule hereto, and any successors
        thereto.

      

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

      

      “Group
        1 Adjusted Cap Rate”:
        For
        any Distribution Date and for the Class 1A-1A and Class 1A-1B Certificates
        and
        any distribution date is the Net WAC Cap for such Distribution Date, determined
        by first reducing the Net WAC by a per annum rate equal to the product of
        (i)
        the Net Deferred Interest for Loan Group 1 for that Distribution Date multiplied
        by (ii) 12, divided
        by
        the Pool
        Balance for Loan Group 1 as of the first day of the month before such
        Distribution Date (or in the case of the first Distribution Date, as of the
        Cut-off Date).

      

      “Group
        1 Certificates”:
        The
        Class 1A-1A and Class 1A-1B Certificates.

      

      “Group
        1 Final Maturity Reserve Amount”:
        For
        each Distribution Date prior to the Distribution Date in November 2016, zero.
        For each Distribution Date commencing on the Distribution Date in November
        2016
        and on each Distribution Date thereafter until the Final Maturity Reserve
        Termination Date, an amount equal to the lesser of (x) the product of (i)
        the
        quotient of the Final Maturity Reserve Rate divided
        by
        12 and
        (ii) the aggregate Stated Principal Balance of the Group 1 Mortgage Loans
        on the
        first day of the related Due Period (not including for this purpose Group
        1
        Mortgage Loans for which prepayments in full have been received and distributed
        in the month prior to the Distribution Date) and (y) the Interest Remittance
        Amount for Loan Group 1 after making any withdrawals from the Distribution
        Account pursuant to Section 4.03(a) (excluding clause (xv) therein).
        Notwithstanding the foregoing, if on any Distribution Date the aggregate
        Stated
        Principal Balance of Mortgage Loans having 40-year original terms to maturity
        on
        such Distribution Date is less than or equal to the applicable amount set
        forth
        in the Final Maturity Reserve Schedule, the Final Maturity Reserve Amount
        shall
        equal zero.

      

      “Group
        1 Mortgage Loan”:
        A
        Mortgage Loan that is identified as such on the Mortgage Loan Schedule and
        that
        has a Stated Principal Balance at origination that conforms to Freddie Mac
        loan
        limits.

      

      “Group
        2 Adjusted Cap Rate”:
        For
        any Distribution Date and for the Class 2A-1A, Class 2A-1B and Class 2A-1C
        Certificates and any distribution date is the Net WAC Cap for such Distribution
        Date, determined by first reducing the Net WAC by a per annum rate equal
        to the
        product of (i) the Net Deferred Interest for Loan Group 2 for that Distribution
        Date multiplied by (ii) 12, divided
        by
        the Pool
        Balance for Loan Group 2 as of the first day of the month before such
        Distribution Date (or in the case of the first Distribution Date, as of the
        Cut-off Date).

      

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

      

      
        
          
          

        

        
          22

          
            

          

        

        
          
          

        

      

      “Group
        2 Final Maturity Reserve Amount”:
        For
        each Distribution Date prior to the Distribution Date in November 2016, zero.
        For each Distribution Date commencing on the Distribution Date in November
        2016
        and on each Distribution Date thereafter until the Final Maturity Reserve
        Termination Date, an amount equal to the lesser of (x) the product of (i)
        the
        quotient of the Final Maturity Reserve Rate divided
        by
        12 and
        (ii) the aggregate Stated Principal Balance of the Group 2 Mortgage Loans
        on the
        first day of the related Due Period (not including for this purpose Group
        2
        Mortgage Loans for which prepayments in full have been received and distributed
        in the month prior to the Distribution Date) and (y) the Interest Remittance
        Amount for Loan Group 2 after making any withdrawals from the Distribution
        Account pursuant to Section 4.03(a) (excluding clause (xv)
        therein).

      

      “Group
        2 Mortgage Loan”:
        A
        Mortgage Loan that is identified as such on the Mortgage Loan Schedule and
        that
        has a Stated Principal Balance at origination that may or may not conform
        to
        Fannie Mae or Freddie Mac loan limits.

      

        “Indemnification
          Agreement”:
          The
          Indemnification Agreement dated as of November 10, 2006 among the Depositor,
          the
          Seller, Greenwich Capital Markets, Inc. and the Certificate Insurer, including
          any amendments and supplements thereto.

         

      

      “Indemnified
        Persons”:
        The
        Trustee (individually in its corporate capacity and in all capacities
        hereunder), the Depositor, the Servicer, the Custodian, the NIMS Insurer
        and the
        Certificate Insurer and their respective officers, directors, agents and
        employees and, with respect to the Trustee, any separate co-trustee and its
        officers, directors, agents and employees.

      

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

         

      

      “Independent”:
        When
        used with respect to any accountants, a Person who is “independent” within the
        meaning of Rule 2-01(B) of the Securities and Exchange Commission’s Regulation
        S-X. Independent means, when used with respect to any other Person, a Person
        who
        (A) is in fact independent of another specified Person and any affiliate
        of such
        other Person, (B) does not have any material direct or indirect financial
        interest in such other Person or any affiliate of such other Person, (C)
        is not
        connected with such other Person or any affiliate of such other Person as
        an
        officer, employee, promoter, underwriter, trustee, partner, director or Person
        performing similar functions and (D) is not a member of the immediate family
        of
        a Person defined in clause (B) or (C) above.

       

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

      

      “Initial
        Certificate Principal Balance”:
        With
        respect to any Certificate other than the Class C, Class ES and Class R
        Certificates, the amount designated “Initial Certificate Principal Balance” on
        the face thereof.

      

      “Initial
        Group 1 Mortgage Loans”:
        Any of
        the Group 1 Mortgage Loans with a Cut-off Date of October 1, 2006 and which
        are
        included in the Trust Fund as of the Closing Date. The aggregate Stated
        Principal Balance of the Initial Group 1 Mortgage Loans is equal to
        $626,148,451.92.

      

      
        
          
          

        

        
          23

          
            

          

        

        
          
          

        

      

      “Initial
        Group 2 Mortgage Loans”:
        Any of
        the Group 2 Mortgage Loans with a Cut-off Date of October 1, 2006 and which
        are
        included in the Trust Fund as of the Closing Date. The aggregate Stated
        Principal Balance of the Initial Group 2 Mortgage Loans is equal to
        $1,062,727,428.40.

      

      “Initial
        LIBOR Rate”:
        5.320%.

      

      “Initial
        Mortgage Loan”:
        Any of
        the Initial Group 1 Mortgage Loans or Initial Group 2 Mortgage Loans conveyed
        to
        the Trust Fund on the Closing Date pursuant to Section 2.01 hereof, which
        Mortgage Loans shall be listed on the Mortgage Loan Schedule delivered pursuant
        to this Agreement.

      

      “Insurance
        Proceeds”:
        With
        respect to any Mortgage Loan, proceeds of any title policy, hazard policy
        or
        other insurance policy covering a Mortgage Loan, to the extent such proceeds
        are
        not to be applied to the restoration of the related Mortgaged Property or
        released to the related Mortgagor in accordance with the Servicing
        Agreement.

      

      “Insured
        Amount”:
        As
        defined in the Financial Guaranty Insurance Policy. 

      

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

       

      “Insurer
        Premium Rate”:
        0.06%
        per annum.

      

      “Interest
        Distributable Amount”:
        With
        respect to any Distribution Date and each Class of Certificates (other than
        the
        Class C, Class ES, Class P and Class R Certificates), the sum of (i) the
        Monthly Interest Distributable Amount for that Class and (ii) the Unpaid
        Interest Shortfall Amount for that Class.

      

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

      

      “Interest
        Shortfall”:
        With
        respect to any Distribution Date and each Mortgage Loan that during the related
        Prepayment Period was the subject of a Principal Prepayment or a reduction
        of
        its Monthly Payment under the Relief Act, an amount determined as
        follows:

      

      (a) Principal
        Prepayments in part received during the relevant Prepayment Period: the
        difference between (i) one month’s interest at the applicable Net Loan Rate for
        such Mortgage Loan on the amount of such prepayment and (ii) the amount of
        interest for the calendar month of such prepayment (adjusted to the applicable
        Net Loan Rate) received at the time of such prepayment; and

      

      (b) Principal
        Prepayments in full received during the relevant Prepayment Period: the
        difference between (i) one month’s interest at the applicable Net Loan Rate on
        the Stated Principal Balance of such Mortgage Loan immediately prior to such
        prepayment and (ii) the amount of interest for the calendar month of such
        prepayment (adjusted to the applicable Net Loan Rate) received at the time
        of
        such prepayment; and

      
        
          
          

        

        
          24

          
            

          

        

        
          
          

        

      

      (c) any
        Relief Act Reductions for such Distribution Date.

      

      “Late
        Payment Rate”:
        For
        any Distribution Date, the lesser of (i) the greater of (a) the rate of
        interest, as it is publicly announced by Citibank, N.A. at its principal
        office
        in New York, New York as its prime rate (any change in such prime rate of
        interest to be effective on the date such change is announced by Citibank,
        N.A.)
plus
        3% and (b) the then applicable highest rate of interest on the Insured
        Certificates and (ii) the maximum rate permissible under applicable usury
        or
        similar laws limiting interest rates.  The Late Payment Rate shall be
        computed on the basis of the actual number of days elapsed over a year of
        360
        days.

      

      “Latest
        Possible Maturity Date”:
        As
        determined as of the Cut-off Date, the Distribution Date following the fifth
        anniversary of the scheduled maturity date of the Mortgage Loan having the
        latest scheduled maturity date as of the Cut-off Date.

      

      “Lender-Paid
        Mortgage Insurance Loan”:
        Each
        Mortgage Loan identified as such in the Mortgage Loan Schedule.

      

      “Lender-Paid
        Mortgage Insurance Fee”:
        With
        respect to any Distribution Date and each Lender Paid Mortgage Insurance
        Mortgage Loan, an amount equal to the product of the Lender-Paid Mortgage
        Insurance Fee Rate and the outstanding Principal Balance of such Mortgage
        Loan
        as of the first day of the related Due Period. 

      

      “Lender-Paid
        Mortgage Insurance Fee Rate”:
        For
        each Lender-Paid Mortgage Insurance Loan and any Distribution Date, the per
        annum rate required to be paid in connection with the related lender-paid
        mortgage insurance policy for such Mortgage Loan on such Distribution
        Date.

      

      “LIBOR”:
        With
        respect to the first Accrual Period, the Initial LIBOR Rate. With respect
        to
        each subsequent Accrual Period, a per annum rate determined on the LIBOR
        Determination Date in the following manner by the Trustee on the basis of
        the
“Interest Settlement Rate” set by the BBA for one-month United States dollar
        deposits, as such rates appear on the Telerate Page 3750, as of 11:00 a.m.
        (London time) on such LIBOR Determination Date.

      

      (a) If
        on
        such a LIBOR Determination Date, the BBA’s Interest Settlement Rate does not
        appear on the Telerate Page 3750 as of 11:00 a.m. (London time), or if the
        Telerate Page 3750 is not available on such date, the Trustee will obtain
        such
        rate from Reuters’ “page LIBOR 01” or Bloomberg’s page “BBAM.” If such rate is
        not published for such LIBOR Determination Date, LIBOR for such date will
        be the
        most recently published Interest Settlement Rate. In the event that the BBA
        no
        longer sets an Interest Settlement Rate, the rate for such date will be
        determined on the basis of the rates at which one-month U.S. dollar deposits
        are
        offered by the Reference Banks at approximately 11:00 am (London time) on
        such
        date to prime banks in the London interbank market. In such event, the Trustee
        will request the principal London office of each of the Reference Banks to
        provide a quotation of its rate. If at least two such quotations are provided,
        the rate for that date will be the arithmetic mean of the quotations (rounded
        upwards if necessary to the nearest whole multiple of 1/16%). If fewer than
        two
        quotations are provided as requested, the rate for that date will be the
        arithmetic mean of the rates quoted by major banks in New York City, selected
        by
        the Trustee (after consultation with the Depositor), at approximately 11:00
        a.m.
        (New York City time) on such date for one-month U.S. dollar loan to leading
        European banks.

      

      
        
          
          

        

        
          25

          
            

          

        

        
          
          

        

      

      (b) The
        establishment of LIBOR by the Trustee and the Trustee’s subsequent calculation
        of the Pass-Through Rate applicable to the LIBOR Certificates for the relevant
        Accrual Period, in the absence of manifest error, will be final and
        binding.

      

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

      

      “LIBOR
        Certificates”:
        The
        Class 1A-1A, Class 1A-1B, Class 2A-1A, Class 2A-1B and Class 2A-1C Certificates
        and the Subordinate Certificates.

      

      “LIBOR
        Determination Date”:
        The
        second LIBOR Business Day immediately preceding the commencement of each
        Accrual
        Period for the LIBOR Certificates.

      

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

      

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

      

      “Liquidation
        Expenses”:
        With
        respect to a Mortgage Loan in liquidation, unreimbursed expenses paid or
        incurred by or for the account of the Servicer, such expenses including (a)
        property protection expenses, (b) property sales expenses, (c) foreclosure
        and
        sale costs, including court costs and reasonable attorneys’ fees, and (d)
        similar expenses reasonably paid or incurred in connection with
        liquidation.

      

      “Liquidation
        Proceeds”:
        With
        respect to any Mortgage Loan, the amount (other than amounts received in
        respect
        of the rental of any REO Property prior to REO Disposition) received by the
        Servicer as proceeds from the liquidation of such Mortgage Loan, as determined
        in accordance with the applicable provisions of the Servicing Agreement,
        other
        than Recoveries; provided
        that
        with respect to any Mortgage Loan or REO Property repurchased, substituted
        or
        sold pursuant to or as contemplated hereunder, or pursuant to the applicable
        provisions of the Servicing Agreement, “Liquidation Proceeds” shall also include
        amounts realized in connection with such repurchase, substitution or
        sale.

      

      “Loan
        Group”:
        Either
        of Loan Group 1 or Loan Group 2, as the context requires.

      
        
          
          

        

        
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      “Loan
        Group Balance”:
        As to
        each Loan Group and any Distribution Date, the aggregate of the Stated Principal
        Balances, as of the Close of Business on the first day of the month preceding
        the month in which such Distribution Date occurs, of the Mortgage Loans in
        such
        Loan Group that were Outstanding Mortgage Loans on that day.

      

      “Loan
        Group 1”:
        At any
        time, the Group 1 Mortgage Loans in the aggregate and any REO Properties
        acquired in respect thereof.

      

      “Loan
        Group 2”:
        At any
        time, the Group 2 Mortgage Loans in the aggregate and any REO Properties
        acquired in respect thereof.

       

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

      

      “Loan-to-Value
        Ratio”:
        With
        respect to each Mortgage Loan and any date of determination, a fraction,
        expressed as a percentage, the numerator of which is the Principal Balance
        of
        the Mortgage Loan at such date of determination and the denominator of which
        is
        the Value of the related Mortgaged Property.

      

      “Lost
        Note Affidavit”:
        With
        respect to any Mortgage Loan as to which the original Mortgage Note has been
        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 and indemnifying the Trust
        Fund against any loss, cost or liability resulting from the failure to deliver
        the original Mortgage Note) in the form of Exhibit H hereto.

      

      “Lower-Tier
        Regular Interest”:
        As
        described in the Preliminary Statement.

      

      “Lower-Tier
        REMIC”:
        As
        described in the Preliminary Statement.

      

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

      

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

      

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

      

      “Middle-Tier
        Regular Interest”:
        As
        described in the Preliminary Statement.

      

      “Middle-Tier
        REMIC”:
        As
        described in the Preliminary Statement.

      

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

      

      
        
          
          

        

        
          27

          
            

          

        

        
          
          

        

      

      “MERS
        Mortgage Loan”:
        Any
        Mortgage Loan registered with MERS on the MERS System.

      

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

      

      “MIN”:
        The
        Mortgage Identification Number for any MERS Mortgage Loan.

      

      “MOM
        Loan”:
        Any
        Mortgage Loan as to which MERS is acting as mortgagee, solely as nominee
        for the
        originator of such Mortgage Loan and its successors and assigns.

      

      “Monthly
        Interest Distributable Amount”:
        With
        respect to each Class of Certificates (other than the Class C, Class ES,
        Class P
        and Class R Certificates) and any Distribution Date, the amount of interest
        accrued during the related Accrual Period at the lesser of the related
        Pass-Through Rate and the related Adjusted Cap Rate on the Class Principal
        Balance of that Class immediately prior to that Distribution Date, in each
        case,
        reduced by any Net Interest Shortfalls allocated to such Class (allocated
        to
        each Certificate based on the respective entitlements to interest before
        taking
        into account any Net Interest Shortfalls for such Distribution Date);
provided,
        however,
        that
        for purposes of compliance with the REMIC Provisions, (A) the Monthly Interest
        Distributable Amount for each Class of Subordinate Certificates shall be
        calculated by reducing the related Pass-Through Rate by a per annum rate
        equal
        to (i) 12 times the Subordinate Class Expense Share for such Class divided
        by
        (ii) the
        Class Principal Balance of such Class as of the beginning of the related
        Accrual
        Period and (B) such Class shall be deemed to bear interest at such Pass-Through
        Rate as so reduced for federal income tax purposes.

      

      “Monthly
        Payment”:
        With
        respect to any Mortgage Loan, the scheduled monthly payment of principal
        and/or
        interest on such Mortgage Loan that is payable by the related Mortgagor from
        time to time under the related Mortgage Note, determined, for the purposes
        of
        this Agreement: (a) after giving effect to any reduction in the amount of
        interest collectible from the related Mortgagor pursuant to the Relief Act;
        (b)
        without giving effect to any extension granted or agreed to by the Servicer
        pursuant to the applicable provisions of the Servicing Agreement; and (c)
        on the
        assumption that all other amounts, if any, due under such Mortgage Loan are
        paid
        when due.

      

      “Moody’s”:
        Moody’s Investors Service, Inc. and its successors.

      

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

      

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

      

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

      

      
        
          
          

        

        
          28

          
            

          

        

        
          
          

        

      

      “Mortgage
        Loan Purchase Agreement”:
        The
        Mortgage Loan Purchase Agreement between the Seller and the Depositor, dated
        as
        of October 1, 2006, regarding the transfer of the Mortgage Loans by the Seller
        (including the Seller’s rights and interest in the Servicing Agreement) to or at
        the direction of the Depositor.

      

      “Mortgage
        Loan Schedule”:
        As of
        any date, the list of Mortgage Loans included in the Trust Fund on such date,
        attached hereto as Schedule I. The Mortgage Loan Schedule shall be prepared
        by
        the Seller and shall set forth the following information with respect to
        each
        Mortgage Loan:

      

      
        	 	
                (i)

              	
                the
                  Mortgage Loan identifying number;

              

      

      

      
        	 	
                (ii)

              	
                the
                  state and five-digit ZIP code of the Mortgaged
                  Property;

              

      

      

      
        	 	
                (iii)

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

              

      

      

      
        	 	
                (iv)

              	
                a
                  code indicating whether the Residential Dwelling constituting the
                  Mortgaged Property is (a) a detached single family dwelling, (b)
                  a
                  dwelling in a planned unit development, (c) a condominium unit,
                  (d) a two-
                  to four-unit residential property, (e) a townhouse or (f) other
                  type of
                  Residential Dwelling;

              

      

      

      
        	 	
                (v)

              	
                if
                  the related Mortgage Note permits the borrower to make Monthly
                  Payments of
                  interest only for a specified period of time, (a) the original
                  number of
                  such specified Monthly Payments and (b) the remaining number of
                  such
                  Monthly Payments as of the Cut-off
                  Date;

              

      

      

      
        	 	
                (vi)

              	
                the
                  original months to maturity;

              

      

      

      
        	 	
                (vii)

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

              

      

      

      
        	 	
                (viii)

              	
                the
                  Loan-to-Value Ratio at origination;

              

      

      

      
        	 	
                (ix)

              	
                [Reserved]

              

      

      

      
        	 	
                (x)

              	
                the
                  Loan Rate in effect immediately following the Cut-off
                  Date;

              

      

      

      
        	 	
                (xi)

              	
                the
                  date on which the first Monthly Payment is or was due on the Mortgage
                  Loan;

              

      

      

      
        	 	
                (xii)

              	
                the
                  stated maturity date;

              

      

      

      
        	 	
                (xiii)

              	
                the
                  Servicing Fee Rate;

              

      

      

      
        
          
          

        

        
          29

          
            

          

        

        
          
          

        

      

      
        	 	
                (xiv)

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

              

      

      

      
        	 	
                (xv)

              	
                the
                  original principal balance of the Mortgage
                  Loan;

              

      

      

      
        	 	
                (xvi)

              	
                the
                  Stated Principal Balance of the Mortgage Loan on the Cut-off Date
                  and a
                  code indicating the purpose of the Mortgage Loan (i.e., purchase
                  financing, rate/term refinancing, cash-out
                  refinancing);

              

      

      

      
        	 	
                (xvii)

              	
                the
                  Index and Gross Margin specified in related Mortgage
                  Note;

              

      

      

      
        	 	
                (xviii)

              	
                the
                  next Adjustment Date, if
                  applicable;

              

      

      

      
        	 	
                (xix)

              	
                the
                  Maximum Loan Rate, if applicable;

              

      

      

      
        	 	
                (xx)

              	
                the
                  Value of the Mortgaged Property;

              

      

      

      
        	 	
                (xxi)

              	
                the
                  sale price of the Mortgaged Property, if
                  applicable;

              

      

      

      
        	 	
                (xxii)

              	
                the
                  product code;

              

      

      

      
        	 	
                (xxiii)

              	
                whether
                  the Mortgage Loan is a Lender-Paid Mortgage Insurance Loan, and
                  the
                  applicable Lender-Paid Mortgage Insurance Fee Rate, if
                  applicable;

              

      

      

      
        	 	
                (xxiv)

              	
                the
                  Expense Fee Rate therefor; and

              

      

      

      
        	 	
                (xxv)

              	
                the
                  respective Loan Group.

              

      

      

      Information
        set forth in clauses (ii) and (iii) above regarding each Mortgagor and the
        related Mortgaged Property shall be confidential and the Trustee shall not
        disclose such information except to the extent disclosure may be required
        by any
        law or regulatory or administrative authority; provided,
        however,
        that
        the Trustee may disclose on a confidential basis any such information to
        its
        agents, attorneys and any auditors in connection with the performance of
        its
        responsibilities hereunder.

      

      The
        Mortgage Loan Schedule, as in effect from time to time, shall also set forth
        the
        following information with respect to the Mortgage Loans in the aggregate
        and by
        Loan Group as of the Cut-off Date: (1) the number of Mortgage Loans;
        (2) the current Principal Balance of the Mortgage Loans; (3) the
        weighted average Loan Rate of the Mortgage Loans; and (4) the weighted
        average remaining months to maturity of the Mortgage Loans. The Mortgage
        Loan
        Schedule shall be amended from time to time by the Seller in accordance with
        the
        provisions of this Agreement.

      

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

      

      
        
          
          

        

        
          30

          
            

          

        

        
          
          

        

      

      “Mortgaged
        Property”:
        Either
        of (x) the fee simple or leasehold interest in real property, together with
        improvements thereto including any exterior improvements to be completed
        within
        120 days of disbursement of the related Mortgage Loan proceeds, or (y) in
        the
        case of a Cooperative Loan, the related Cooperative Shares and Proprietary
        Lease, securing the indebtedness of the Mortgagor under the related Mortgage
        Loan.

      

      “Mortgagor”:
        The
        obligor on a Mortgage Note.

      

      “MTA”:
        The
        twelve-month average yields on United States Treasury securities adjusted
        to a
        constant maturity of one year as published by the Federal Reserve Board in
        Statistical Release H.15(519).

      

      “MTA
        Indexed”:
        Indicates a Mortgage Loan that has an adjustable Loan Rate calculated on
        the
        basis of the MTA index.

      

      “Net
        Deferred Interest”:
        With
        respect to each Loan Group and any Distribution Date, the greater of (i)
        the
        excess, if any, of the Deferred Interest for the related Due Date over the
        aggregate amount of any Principal Prepayments in part or in full received
        during
        the related Prepayment Period and (ii) zero.

      

      “Net
        Interest Shortfall”:
        With
        respect to any Distribution Date, the excess of the Interest Shortfalls,
        if any,
        for such Distribution Date over the sum of (i) Interest Shortfalls paid by
        the
        Servicer under the Servicing Agreement with respect to such Distribution
        Date
        and (ii) Compensating Interest Payments made with respect to such Distribution
        Date.

      

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

      

      “Net
        Loan Rate”:
        With
        respect to any Mortgage Loan (or the related REO Property), as of any date
        of
        determination, a per annum rate of interest equal to the then applicable
        Loan
        Rate for such Mortgage Loan minus
        the
        Expense Fee Rate and, commencing on the Distribution Date in November 2016
        and
        on each Distribution Date thereafter until the Final Maturity Reserve
        Termination Date, the Final Maturity Reserve Rate.

      

      “Net
        Maximum Rate”:
        For
        any Mortgage Loan and any Distribution Date, the maximum rate at which interest
        could accrue on such Mortgage Loan net of the sum of (a) the Expense Fee
        Rate
        and (b) commencing on the Distribution Date in November 2016 and on each
        Distribution Date thereafter until the Final Maturity Reserve Termination
        Date,
        the Final Maturity Reserve Rate.

      

      “Net
        Maximum Rate Cap”:
        For
        any Distribution Date will equal the applicable Net WAC Cap, computed for
        this
        purposes on the basis of the assumption that each Mortgage Loan accrued interest
        for the related Accrual Period at its Net Maximum Rate.

      

      
        
          
          

        

        
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      “Net
        Monthly Excess Cashflow”:
        For
        any Distribution Date is equal to the sum of (a) any Overcollateralization
        Release Amount and (b) the excess of (x) the Available Funds for such
        Distribution Date over (y) the sum for such Distribution Date of (A) the
        Monthly
        Interest Distributable Amounts for the LIBOR Certificates, (B) the Unpaid
        Interest Shortfall Amounts for the Class 1A-1A, Class 1A-1B, Class 2A-1A,
        Class
        2A-1B and Class 2A-1C Certificates, (C) the Principal Remittance Amount,
        (D) the
        Aggregate Final Maturity Reserve Amount and (E) the amount of Principal
        Prepayments for the related Prepayment Period to the extent of Deferred Interest
        for such Distribution Date.

      

      “Net
        Realized Losses”:
        For
        any Class of Certificates and any Distribution Date, the excess of (i) the
        amount of Realized Losses previously allocated to that Class over (ii) the
        sum
        of (a) the amount of any increases to the Class Principal Balance of that
        Class
        pursuant to Section 5.08 due to Recoveries and (b) any payments received
        pursuant to Sections 5.01(h)(i) and (ii) from the Yield Maintenance
        Account.

      

      “Net
        WAC”:
        With
        respect to the first Distribution Date only, the product of (i) the weighted
        average of the Net Loan Rates of the Initial Mortgage Loans as of the applicable
        Cut-off Date, weighted on the basis of their Stated Principal Balances on
        such
        date, multiplied by (ii) the quotient of (a) the aggregate of Stated Principal
        Balances of the Initial Mortgage Loans on the applicable Cut-off Date divided
        by
        (b) the sum or the aggregate of the Stated Principal Balances of the Initial
        Mortgage Loans as of the applicable Cut-off Date and the aggregate of the
        Stated
        Principal Balances of the Additional Mortgage Loans as of the applicable
        Cut-off
        Date. With respect to each succeeding Distribution Date, the weighted average
        of
        the Net Loan Rates of the Mortgage Loans as of the first day of the related
        Due
        Period, weighted on the basis of their Stated Principal Balances at the
        beginning of the related Due Period.

      

      “Net
        WAC Cap”:
        For
        the LIBOR Certificates (other than the Class 1A-1B and Class 2A-1C Certificates)
        and any Distribution Date is equal to the product of (x) the Net WAC for
        such
        Distribution Date and (y) a fraction, the numerator of which is 30 and the
        denominator of which is the actual number of days in the related Accrual
        Period.
        For the Class 1A-1B and Class 2A-1C Certificates and any Distribution Date
        is
        equal to the excess, if any, of (x) the Net WAC Cap for the Class 1A-1A,
        Class
        2A-1A, Class 2A-1B Certificates and the Subordinate Certificates for such
        Distribution Date over (y) the related Insurer Premium Rate for such
        Distribution Date.

      

      “NIM
        Redemption Amount”:
        As
        defined in Section 10.01(a).

      

      “NIM
        Residual Securities”:
        Any
        preference shares, preference certificates or ownership certificates issued
        by a
        trust or other special purpose entity in connection with a NIMS
        Transaction.

      

      “NIM
        Notes”:
        Any
        net interest margin notes issued by an indenture or other special purpose
        entity
        pursuant to an Indenture in connection with a NIMS Transaction.

      

      “NIMS
        Agreement”:
        Any
        agreement pursuant to which the NIM Notes are issued.

      

      “NIMS
        Insurer”:
        One or
        more insurance issuing financial guaranty insurance policies in connection
        with
        the issuance of NIM Notes.

      

      
        
          
          

        

        
          32

          
            

          

        

        
          
          

        

      

      “NIMS
        Transaction”:
        Any
        issuance by a trust or other special purpose entity of NIM Notes and NIM
        Residual Securities, the principal assets of which trust include Class P
        and
        Class C Certificates and payments received thereon.

      

      “Nonrecoverable”:
        The
        determination by the Servicer in respect of a delinquent Mortgage Loan that
        if
        it were to make an Advance in respect thereof, such amount would not be
        recoverable from any collections or other recoveries (including Liquidation
        Proceeds) on such Mortgage Loan.

      

      “Notice”:
        As
        defined in the Financial Guaranty Insurance Policy.

      

      “Offered
        Certificates”:
        The
        Class 1A-1A, Class 1A-1B, Class 2A-1A, Class 2A-1B, Class 2A-1C, Class B-1,
        Class B-2, Class B-3, Class B-4, Class B-5 and Class B-6
        Certificates.

      

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

      

      “One-Month
        LIBOR”:
        The
        average of interbank offered rates for one month U.S. dollar deposits in
        the
        London market based on quotations of major banks.

      

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

      

      “Original
        Class Principal Balance”:
        With
        respect to each Class of Certificates other than the Class C, Class ES, Class
        P
        and Class R Certificates, the corresponding aggregate amount set forth opposite
        the Class designation of such Class in the Preliminary Statement. 

      

      “Originator”:
        Each
        party listed as an “Originator” on Exhibit X hereto or any other originator
        contemplated by Item 1110 (§229.1110) of Regulation AB.

      

      “OTS”:
        The
        Office of Thrift Supervision.

      

      “Outstanding
        Mortgage Loan”:
        As of
        any Due Date, a Mortgage Loan with a Stated Principal Balance greater than
        zero,
        that was not the subject of a prepayment in full prior to such Due Date and
        that
        did not become a Liquidated Mortgage Loan prior to such Due Date.

      

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

      

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

      

      
        
          
          

        

        
          33

          
            

          

        

        
          
          

        

      

      “Overcollateralization
        Target Amount”:
        With
        respect to any Distribution Date, an amount equal to (i) prior to the Stepdown
        Date, 0.50% of the aggregate Stated Principal Balance of the Initial Mortgage
        Loans and the Additional Mortgage Loans as of the applicable Cut-off Date,
        (ii)
        on or after the Stepdown Date so long as a Trigger Event is not in effect,
        the
        greater of (x)(I) 1.25% of the current Aggregate Collateral Balance prior
        to the
        Distribution Date in November 2012 or (II) 1.00% of the current Aggregate
        Collateral Balance on or after the Distribution Date in November 2012 and
        (y)
        0.50% of the aggregate Stated Principal Balance of the Initial Mortgage Loans
        and the Additional Mortgage Loans as of the applicable Cut-off Date; or (iii)
        on
        or after the Stepdown Date and if a Trigger Event is in effect, the
        Overcollateralization Target Amount for the immediately preceding Distribution
        Date.

      

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

      

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

      

      “Pass-Through
        Rate”:
        With
        respect to each Class of Offered Certificates and the Class B-7 Certificates
        and
        any Distribution Date, the rate set forth below:

      

      
        	 	
                (A)

              	
                The
                  Pass-Through Rate for the Class 1A-1A Certificates with respect
                  to any
                  Distribution Date shall equal the least of (i) One-Month LIBOR
                  plus 0.200%
                  per annum (0.400% per annum after the Call Option Date), (ii) the Net
                  WAC Cap for that Distribution Date and (iii) the Net Maximum Rate
                  Cap.
                  

              

      

      

      
        	 	
                (B)

              	
                The
                  Pass-Through Rate for the Class 1A-1B Certificates with respect
                  to any
                  Distribution Date shall equal the least of (i) One-Month LIBOR
                  plus 0.200%
                  per annum (0.400% per annum after the Call Option Date), (ii) the Net
                  WAC Cap for that Distribution Date and (iii) the Net Maximum Rate
                  Cap.
                  

              

      

      

      
        	 	
                (C)

              	
                The
                  Pass-Through Rate for the Class 2A-1A Certificates with respect
                  to any
                  Distribution Date shall equal the least of (i) One-Month LIBOR
                  plus 0.180%
                  per annum (0.360% per annum after the Call Option Date), (ii) the Net
                  WAC Cap for that Distribution Date and (iii) the Net Maximum Rate
                  Cap.

              

      

      

      
        
          
          

        

        
          34

          
            

          

        

        
          
          

        

      

      
        	 	
                (D)

              	
                The
                  Pass-Through Rate for the Class 2A-1B Certificates with respect
                  to any
                  Distribution Date shall equal the least of (i) One-Month LIBOR
                  plus 0.240%
                  per annum (0.480% per annum after the Call Option Date), (ii) the Net
                  WAC Cap for that Distribution Date and (iii) the Net Maximum Rate
                  Cap.

              

      

      

      
        	 	
                (E)

              	
                The
                  Pass-Through Rate for the Class 2A-1C Certificates with respect
                  to any
                  Distribution Date shall equal the least of (i) One-Month LIBOR
                  plus 0.180%
                  per annum (0.360% per annum after the Call Option Date), (ii) the Net
                  WAC Cap for that Distribution Date and (iii) the Net Maximum Rate
                  Cap.

              

      

      

      
        	 	
                (F)

              	
                The
                  Pass-Through Rate for the Class B-1 Certificates with respect to
                  any
                  Distribution Date shall equal the least of (i) One-Month LIBOR
                  plus 0.380%
                  per annum (0.570% per annum after the Call Option Date), (ii) the Net
                  WAC Cap for that Distribution Date and (iii) the Net Maximum Rate
                  Cap.
                  

              

      

      

      
        	 	
                (G)

              	
                The
                  Pass-Through Rate for the Class B-2 Certificates with respect to
                  any
                  Distribution Date shall equal the least of (i) One-Month LIBOR
                  plus 0.400%
                  per annum (0.600% per annum after the Call Option Date), (ii) the Net
                  WAC Cap for that Distribution Date and (iii) the Net Maximum Rate
                  Cap.
                  

              

      

      

      
        	 	
                (H)

              	
                The
                  Pass-Through Rate for the Class B-3 Certificates with respect to
                  any
                  Distribution Date shall equal the least of (i) One-Month LIBOR
                  plus 0.430%
                  per annum (0.645% per annum after the Call Option Date), (ii) the Net
                  WAC Cap for that Distribution Date and (iii) the Net Maximum Rate
                  Cap.
                  

              

      

      

      
        	 	
                (I)

              	
                The
                  Pass-Through Rate for the Class B-4 Certificates with respect to
                  any
                  Distribution Date shall equal the least of (i) One-Month LIBOR
                  plus 0.570%
                  per annum (0.855% per annum after the Call Option Date), (ii) the Net
                  WAC Cap for that Distribution Date and (iii) the Net Maximum Rate
                  Cap.
                  

              

      

      

      
        	 	
                (J)

              	
                The
                  Pass-Through Rate for the Class B-5 Certificates with respect to
                  any
                  Distribution Date shall equal the least of (i) One-Month LIBOR
                  plus 0.700%
                  per annum (1.050% per annum after the Call Option Date), (ii) the Net
                  WAC Cap for that Distribution Date and (iii) the Net Maximum Rate
                  Cap.
                  

              

      

      

      
        	 	
                (K)

              	
                The
                  Pass-Through Rate for the Class B-6 Certificates with respect to
                  any
                  Distribution Date shall equal the least of (i) One-Month LIBOR
                  plus 1.500%
                  per annum (2.250% per annum after the Call Option Date), (ii) the Net
                  WAC Cap for that Distribution Date and (iii) the Net Maximum Rate
                  Cap.
                  

              

      

      

      
        
          
          

        

        
          35

          
            

          

        

        
          
          

        

      

      
        	 	
                (L)

              	
                The
                  Pass-Through Rate for the Class B-7 Certificates with respect to
                  any
                  Distribution Date shall equal the least of (i) One-Month LIBOR
                  plus 1.750%
                  per annum (2.625% per annum after the Call Option Date), (ii) the Net
                  WAC Cap for that Distribution Date and (iii) the Net Maximum Rate
                  Cap.
                  

              

      

      

      “Paying
        Agent”:
        Any
        paying agent appointed pursuant to Section 6.05 hereof, initially, the
        Trustee.

      

      “PCAOB”:
        The
        Public Company Accounting Oversight Board.

      

      “Percentage
        Interest”:
        With
        respect to any Certificate (other than a Class C, Class ES, Class P and Class
        R
        Certificate), a fraction, expressed as a percentage, the numerator of which
        is
        the Initial Certificate Principal Balance represented by such Certificate
        and
        the denominator of which is the Original Class Principal Balance or Original
        Class Notional Balance, as applicable, of the related Class. With respect
        to the
        Class C and Class P Certificates, the percentage interest specified on the
        face
        thereof. With respect to the Class ES and Class R Certificates,
        100%.

      

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

      

      
        	 	
                (i)

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

              

      

      

      
        	 	
                (ii)

              	
                (A)
                  demand and time deposits in, certificates of deposit of, bankers’
                  acceptances issued by or federal funds sold by any depository institution
                  or trust company (including the Trustee or the Servicer or their
                  agents
                  acting in their respective commercial capacities) incorporated
                  under the
                  laws of the United States of America or any state thereof and subject
                  to
                  supervision and examination by federal and/or state authorities,
                  so long
                  as, at the time of such investment or contractual commitment providing
                  for
                  such investment, such depository institution or trust company or
                  its
                  ultimate parent has a short-term uninsured debt rating in one of
                  the two
                  highest available rating categories of each of the Rating Agencies
                  and (B)
                  any other demand or time deposit or deposit which is fully insured
                  by the
                  FDIC;

              

      

      

      
        	 	
                (iii)

              	
                repurchase
                  obligations with respect to any security described in clause
                  (i) above and entered into with a depository institution or trust
                  company (acting as principal) rated A or higher by each of the
                  Rating
                  Agencies;

              

      

      

      
        	 	
                (iv)

              	
                securities
                  bearing interest or sold at a discount that are issued by any corporation
                  incorporated under the laws of the United States of America, the
                  District
                  of Columbia or any State thereof and that are rated by each Rating
                  Agency
                  in its highest long-term unsecured rating categories at the time
                  of such
                  investment or contractual commitment providing for such
                  investment;

              

      

      

      
        
          
          

        

        
          36

          
            

          

        

        
          
          

        

      

      
        	 	
                (v)

              	
                commercial
                  paper (including both non-interest-bearing discount obligations
                  and
                  interest-bearing obligations) that is rated by each Rating Agency
                  in its
                  highest short-term unsecured debt rating available at the time
                  of such
                  investment;

              

      

      

      
        	 	
                (vi)

              	
                any
                  mutual fund, money market fund, common trust fund or other pooled
                  investment vehicle, including any such fund that is managed by
                  the NIMS
                  Insurer, the Trustee or any affiliate of the Trustee or for which
                  the NIMS
                  Insurer, the Trustee or any of its affiliates acts as an adviser
                  as long
                  as such fund is rated in at least the second highest rating category
                  by
                  each Rating Agency rating such fund or vehicle; and each of the
                  Trustee or
                  the NIMS Insurer may trade with itself or an affiliate when purchasing
                  or
                  selling Permitted Investments; and

              

      

      

      
        	 	
                (vii)

              	
                if
                  previously confirmed in writing to the Trustee, any other demand,
                  money
                  market or time deposit, or any other obligation, security or investment,
                  as may be acceptable to each Rating Agency in writing as a permitted
                  investment of funds backing securities having ratings equivalent
                  to its
                  highest initial ratings of the Senior
                  Certificates;

              

      

      

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

      

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

      

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

      

      “Physical
        Certificates”:
        The
        Class C, Class ES, Class P and Class R Certificates.

      

      “Policy
        Account”:
        The
        trust account or accounts created and maintained by the Trustee pursuant
        to
        Section 4.05 hereof in the name of the Trustee for the benefit of the Class
        1A-1B and Class 2A-1C Certificateholders and designated “Policy Account, Wells
        Fargo Bank, N.A., as Trustee, in trust for the registered Certificateholders
        of
        HarborView Mortgage Loan Trust, Mortgage Pass-Through Certificates, Series
        2006-10, Class 1A-1B and Class 2A-1C Certificates.”

      

      “Pool
        Balance”:
        With
        respect to any Distribution Date, the aggregate of the Stated Principal
        Balances, as of the Close of Business on the first day of the related Due
        Period, of the Mortgage Loans in all Loan Groups that were Outstanding Mortgage
        Loans on that day.

      

      
        
          
          

        

        
          37

          
            

          

        

        
          
          

        

      

      “Premium
        Amount”:
        Each
        of the Class 1A-1B Premium Amount or Class 2A-1C Premium Amount, as
        applicable.

      

      “Premium
        Proceeds”:
        The
        amount by which the Termination Price paid in connection with the termination
        pursuant to Section 10.01 hereof exceeds the sum of (i) accrued and unpaid
        interest and unpaid principal on the Certificates, (ii) any unreimbursed
        Servicing Advances and Advances and any unpaid Servicing Fees and (iii) all
        amounts, if any, then due and owing to the Trustee, the Credit Risk Manager
        and
        the Certificate Insurer under this Agreement.

      

      “Prepayment
        Penalty Amount”:
        With
        respect to any Mortgage Loan and each Distribution Date, all premiums or
        charges, if any, paid by Mortgagors under the related Mortgage Notes as a
        result
        of full or partial Principal Prepayments collected and deposited into the
        Distribution Account during the immediately preceding Prepayment Period,
        under
        the terms of the Servicing Agreement.

      

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

      

      “Primary
        Insurance Policy”:
        Mortgage guaranty insurance, if any, on an individual Mortgage Loan, as
        evidenced by a policy or certificate.

      

      “Principal
        Balance”:
        With
        respect to any Mortgage Loan, other than a Liquidated Mortgage Loan, and
        any
        day, the related Cut-off Date Principal Balance, minus
        all
        collections credited against the Principal Balance of such Mortgage Loan
        after
        the Cut-off Date, as increased by the amount of any Deferred Interest added
        to
        the outstanding Principal Balance of such Mortgage Loan pursuant to the terms
        of
        the related Mortgage Note. For purposes of this definition, a Liquidated
        Mortgage Loan shall be deemed to have a Principal Balance equal to the Principal
        Balance of the related Mortgage Loan as of the final recovery of related
        Liquidation Proceeds and a Principal Balance of zero thereafter. With respect
        to
        any REO Property and any day, the Principal Balance of the related Mortgage
        Loan
        immediately prior to such Mortgage Loan becoming REO Property.

      

      “Principal
        Deficiency Amount”:
        For
        any Distribution Date and for any Undercollateralized Group, the excess,
        if any,
        of the aggregate Class Principal Balance of such Undercollateralized Group
        immediately prior to such Distribution Date over the sum of the Principal
        Balances of the Mortgage Loans in the related Loan Group immediately prior
        to
        such Distribution Date.

      

      “Principal
        Distribution Amount”:
        For
        any Distribution Date and Loan Group, the excess of (x) the related Principal
        Remittance Amount for such Distribution Date over (y) such Loan Group’s
pro
        rata
        share,
        based on the aggregate Stated Principal Balance of the Mortgage Loans, of
        the
        Overcollateralization Release Amount for such Distribution Date.

      

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

      

      
        
          
          

        

        
          38

          
            

          

        

        
          
          

        

      

      “Principal
        Remittance Amount”:
        With
        respect to each Loan Group and any Distribution Date, the sum of (a) each
        scheduled payment of principal collected or advanced on the related Mortgage
        Loans (before taking into account any Deficient Valuations or Debt Service
        Reductions) by the Servicer in respect of the related Due Period, (b) that
        portion of the Purchase Price or Repurchase Price, as applicable, representing
        principal of any repurchased Mortgage Loan in that Loan Group, deposited
        to the
        Distribution Account during the related Prepayment Period, (c) the
        principal portion of any related Substitution Adjustments with respect to
        that
        Loan Group deposited in the Distribution Account during the related Prepayment
        Period, (d) the principal portion of all Insurance Proceeds received during
        the related Prepayment Period with respect to Mortgage Loans in that Loan
        Group
        that are not yet Liquidated Mortgage Loans, (e) the principal portion of
        all Net Liquidation Proceeds received during the related Prepayment Period
        with
        respect to Liquidated Mortgage Loans in that Loan Group other than Recoveries,
        (f) all Principal Prepayments (net of portions of Principal Prepayments
        applied in respect of Deferred Interest pursuant to Section 5.01(a)(i)) in
        part
        or in full on Mortgage Loans received by the Servicer during the related
        Prepayment Period, net of Deferred Interest, (g) all Recoveries related to
        that
        Loan Group received during the related Prepayment Period, (h) the outstanding
        principal balance of each Mortgage Loan purchased from the Trust Fund by
        the
        NIMS Insurer (in the case of certain Mortgage Loans 90 days or more delinquent)
        and (i) on the Distribution Date on which the Trust Fund is to be
        terminated pursuant to Section 10.01 hereof, that portion of the Termination
        Price in respect of principal for that Loan Group.

      

      “Private
        Certificates”:
        The
        Class B-7, Class C, Class ES, Class P and Class R Certificates.

      

      “Private
        Placement Memorandum”:
        The
        Private Placement Memorandum dated November 10, 2006 relating to the initial
        sale of the Class B-7 Certificates.

      

      “Pro
        Rata Share”:
        With
        respect to any Distribution Date and any Class of Subordinate Certificates,
        the
        portion of the Subordinate Principal Distribution Amount allocable to such
        Class, equal to the product of the (a) Subordinate Principal Distribution
        Amount
        on such date and (b) a fraction, the numerator of which is the related Class
        Principal Balance of that Class and the denominator of which is the aggregate
        of
        the Class Principal Balances of all the Classes of Subordinate
        Certificates.

      

      “Proprietary
        Lease”:
        With
        respect to any Cooperative Unit, a lease or occupancy agreement between a
        Cooperative Corporation and a holder of related Cooperative Shares.

      

      “Prospectus”:
        The
        Prospectus Supplement, together with the accompanying prospectus, dated August
        10, 2006, relating to the Offered Certificates.

      

      “Prospectus
        Supplement”:
        That
        certain prospectus supplement dated November 10, 2006, relating to the initial
        offering of the Offered Certificates.

      

      “Purchase
        Agreement”:
        Each
        mortgage loan purchase agreement and/or assignment agreement relating to
        the
        acquisition by the Seller of the Mortgage Loans and between the related
        Originator and the Seller, listed on Exhibit X hereto.

      

      
        
          
          

        

        
          39

          
            

          

        

        
          
          

        

      

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

      

      “Qualified
        Institutional Buyer”:
        As
        defined in Rule 144A of the Securities Act.

       

    

    
      “Qualified
        Insurer”:
        A
        mortgage guaranty insurance company duly qualified as such under the laws
        of the
        state of its principal place of business and each state having jurisdiction
        over
        such insurer in connection with the insurance policy issued by such insurer,
        duly authorized and licensed in such states to transact a mortgage guaranty
        insurance business in such states and to write the insurance provided by
        the
        insurance policy issued by it, and having a claims paying ability which is
        acceptable to each Rating Agency for pass-through certificates without a
        Financial Guaranty Insurance Policy having the same ratings on the Certificates
        rated by each Rating Agency as of the Closing Date. Any replacement insurer
        with
        respect to a Mortgage Loan must have at least as high a claims paying ability
        rating as the insurer it replaces had on the Closing Date.

      

      “Qualified
        Substitute Mortgage Loan”:
        A
        mortgage loan substituted for a Deleted Mortgage Loan pursuant to the terms
        of
        this Agreement which must, on the date of such substitution, (i) have an
        outstanding principal balance, after application of all scheduled payments
        of
        principal and interest due during or prior to the month of substitution,
        not in
        excess of, and not more than 5% less than, the Principal Balance of the Deleted
        Mortgage Loan as of the Due Date in the calendar month during which the
        substitution occurs, (ii) have a maximum loan rate not less than the
        Maximum Loan Rate of the Deleted Mortgage Loan, (iii)  have a gross margin
        equal to or greater than the Gross Margin of the Deleted Mortgage Loan, (iv)
        have the same Index as the Deleted Mortgage Loan, (v) have its next adjustment
        date not more than two months after the next Adjustment Date of the Deleted
        Mortgage Loan, (vi) have a remaining term to maturity not greater than (and
        not
        more than one year less than) that of the Deleted Mortgage Loan, (vii) be
        current as of the date of substitution, (viii) have a Loan-to-Value Ratio
        as of the date of substitution equal to or lower than the Loan-to-Value Ratio
        of
        the Deleted Mortgage Loan as of such date, (ix) have been underwritten or
        re-underwritten in accordance with the same or substantially similar
        underwriting criteria and guidelines as the Deleted Mortgage Loan, (x) is
        of the
        same or better credit quality as the Deleted Mortgage Loan and (xi) conform
        to each representation and warranty set forth in Section 2.04 hereof applicable
        to the Deleted Mortgage Loan. In the event that one or more mortgage loans
        are
        substituted for one or more Deleted Mortgage Loans, the amounts described
        in
        clause (i) hereof shall be determined on the basis of aggregate principal
        balances, the terms described in clause (vi) hereof shall be determined on
        the basis of weighted average remaining term to maturity, the Loan-to-Value
        Ratio described in clause (viii) hereof shall be satisfied as to each such
        mortgage loan and, except to the extent otherwise provided in this sentence,
        the
        representations and warranties described in clause (x) hereof must be
        satisfied as to each Qualified Substitute Mortgage Loan or in the aggregate,
        as
        the case may be.

      

      
        
          
          

        

        
          40

          
            

          

        

        
          
          

        

      

      “Rating
        Agency”:
        Each
        of S&P and Moody’s and any respective successors thereto. If Moody’s,
        S&P or their respective successors shall no longer be in existence, “Rating
        Agency” shall include such nationally recognized statistical rating agency or
        agencies, or other comparable Person or Persons, as shall have been designated
        by the Depositor, notice of which designation shall be given to the
        Trustee.

      

      “Realized
        Loss”:
        With
        respect to any Liquidated Mortgage Loan, the amount of loss realized equal
        to
        the portion of the Principal Balance remaining unpaid after application of
        all
        Net Liquidation Proceeds in respect of such Liquidated Mortgage
        Loan.

      

      “Recognition
        Agreement”:
        With
        respect to any Cooperative Loan, an agreement between the related Cooperative
        Corporation and the originator of such Mortgage Loan to establish the rights
        of
        such originator in the related Cooperative Property.

      

      “Reconstitution
        Agreement”:
        The
        reconstituted servicing agreement dated as of October 1, 2006 among the Seller,
        the Depositor and the Servicer and acknowledged by the Trustee, reconstituting
        the Servicing Agreement.

      

      “Record
        Date”:
        With
        respect to each Distribution Date and the LIBOR Certificates, the Business
        Day
        preceding the applicable Distribution Date so long as such Certificates remain
        Book-Entry Certificates and otherwise the Record Date shall be same as the
        other
        Classes of Certificates. For each other Class of Certificates, the last Business
        Day of the calendar month preceding the month in which such Distribution
        Date
        occurs.

      

      “Recovery”:
        With
        respect to any Distribution Date and a Mortgage Loan that became a Liquidated
        Mortgage Loan in the month preceding the month prior to that Distribution
        Date
        and with respect to which the related Realized Loss was allocated to one
        or more
        Classes of Certificates, an amount received in respect of such Liquidated
        Mortgage Loan during the prior calendar month, net of any reimbursable
        expenses.

      

      “Reference
        Bank:”
A
        leading bank engaged in transactions in Eurodollar deposits in the international
        Eurocurrency market, which shall not control, be controlled by, or be under
        common control with, the Trustee and shall have an established place of business
        in London. Until all of the LIBOR Certificates are paid in full, the Trustee
        will at all times retain at least four Reference Banks for the purpose of
        determining LIBOR with respect to each LIBOR Determination Date. The Trustee
        initially shall designate the Reference Banks (after consultation with the
        Depositor). If any such Reference Bank should be unwilling or unable to act
        as
        such or if the Trustee should terminate its appointment as Reference Bank,
        the
        Trustee shall promptly appoint or cause to be appointed another Reference
        Bank
        (after consultation with the Depositor). The Trustee shall have no liability
        or
        responsibility to any Person for (i) the selection of any Reference Bank
        for
        purposes of determining LIBOR or (ii) any inability to retain at least four
        Reference Banks which is caused by circumstances beyond its reasonable
        control.

      

      
        
          
          

        

        
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      “Refinancing
        Mortgage Loan”:
        Any
        Mortgage Loan originated in connection with the refinancing of an existing
        mortgage loan.

      

      “Regular
        Certificate”:
        Any
        Certificate other than the Class C, Class ES, Class P and Class R
        Certificates.

      

      “Regulation
        AB”:
        Subpart 229.1100 - Asset Backed Securities (Regulation AB), 17 C.F.R.
§§229.1100-229.1123, as such may be amended from time to time, and subject
        to
        such clarifications and interpretations as have been provided by the Commission
        in the adopting release (Asset-Backed Securities, Securities Act Release
        No.
        33-8518, 70 Fed. Reg. 1,506, 1,531 (Jan. 7, 2005)) or by the staff of the
        Commission, or as may be provided by the Commission or its staff from time
        to
        time.

      

      “Regulation S”:
        Regulation S promulgated under the Securities Act or any successor
        provision thereto, in each case as the same may be amended from time to time;
        and all references to any rule, section or subsection of, or definition or
        term
        contained in, Regulation S means such rule, section, subsection, definition
        or term, as the case may be, or any successor thereto, in each case as the
        same
        may be amended from time to time.

      

      “Regulation
        S Global Security”:
        The
        meaning specified in Section 6.01.

      

      “Relevant
        Servicing Criteria”:
        The
        Servicing Criteria applicable to each party, as set forth on Exhibit Q attached
        hereto. Multiple parties can have responsibility for the same Relevant Servicing
        Criteria. With respect to a Servicing Function Participant engaged by the
        Trustee, the Custodian, the Credit Risk Manager or the Servicer, the term
        “Relevant Servicing Criteria” may refer to a portion of the Relevant Servicing
        Criteria applicable to such parties.

      

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

      

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

      

      
        
          
          

        

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

      

      “REMIC
        Opinion”:
        An
        Independent Opinion of Counsel, to the effect that the proposed action described
        therein would not cause an Adverse REMIC Event.

      

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

      

      “Remittance
        Report”:
        The
        Servicer’s Remittance Report to the Trustee pursuant to the Servicing Agreement
        providing information with respect to each Mortgage Loan which is provided
        no
        later than the 10th
        calendar
        day of each month and which shall contain such information as may be agreed
        upon
        by the Trustee and which shall be sufficient to enable the Trustee to prepare
        the related Distribution Date Statement.

      

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

      

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

      

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

      

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

      

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

      

      “REO
        Property”:
        A
        Mortgaged Property acquired by the Servicer on behalf of the Trust Fund through
        foreclosure or deed-in-lieu of foreclosure in accordance with the applicable
        provisions of the Servicing Agreement.

      

      
        
          
          

        

        
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      “Reportable
        Event”:
        As
        defined in Section 3.19(c).

      

        “Repurchase
          Price”:
          As
          defined in the related Purchase Agreement.

         

      

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

      

      “Required
        Reserve Fund Deposit”:
        With
        respect to the Class C Certificates and any Distribution Date, an amount
        equal
        to the lesser of (i) the Net Monthly Excess Cashflow otherwise distributable
        to
        the Class C Certificates for such Distribution Date and (ii) the amount required
        to bring the balance on deposit in the Basis Risk Reserve Fund to an amount
        equal to the the Basis Risk Shortfalls for such Distribution Date with respect
        to the LIBOR certificates (after giving effect to distributions of amounts
        received pursuant to the Yield Maintenance Allocation Agreement).

      

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

      

      “Residual
        Certificate”:
        The
        Class R Certificates.

      

      “Responsible
        Officer”:
        When
        used with respect to the Trustee, any director, any vice president, any
        assistant vice president, any associate assigned to the Corporate Trust Office
        (or similar group) or any other officer of the Trustee customarily performing
        functions similar to those performed by any of the above designated officers
        and, with respect to a particular matter, to whom such matter is referred
        because of such officer’s knowledge of and familiarity with the particular
        subject.

      

      “Restricted
        Global Security”:
        As
        defined in Section 6.01.

      

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

      

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

      

      “Sarbanes-Oxley
        Certification”:
        A
        written certification signed by an officer of the Depositor that complies
        with
        (i) the Sarbanes-Oxley Act of 2002, as amended from time to time, and (ii)
        Exchange Act Rules 13a-14(d) and 15d-14(d), as in effect from time to time;
        provided that if, after the Closing Date (a) the Sarbanes-Oxley Act of 2002
        is
        amended, (b) the Rules referred to in clause (ii) are modified or superseded
        by
        any subsequent statement, rule or regulation of the Commission or any statement
        of a division thereof, or (c) any future releases, rules and regulations
        are
        published by the Securities and Exchange Commission from time to time pursuant
        to the Sarbanes-Oxley Act of 2002, which in any such case affects the form
        or
        substance of the required certification and results in the required
        certification being, in the reasonable judgment of the Depositor, materially
        more onerous than the form of the required certification as of the Closing
        Date,
        the Sarbanes-Oxley Certification shall be as agreed to by the Depositor and
        the
        Seller following a negotiation in good faith to determine how to comply with
        any
        such new requirements.

      

      
        
          
          

        

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

      

      “Security
        Agreement”:
        With
        respect to any Cooperative Loan, the agreement between the owner of the related
        Cooperative Shares and the originator of the related Mortgage Note that defines
        the terms of the security interest in such Cooperative Shares and the related
        Proprietary Lease.

      

      “Seller”:
        GCFP,
        in its capacity as seller under this Agreement.

      

      “Senior
        Certificate”:
        Any
        one of the Class 1A-1A, Class 1A-1B, Class 2A-1A, Class 2A-1B and Class 2A-1C
        Certificates.

      

      “Senior
        Certificate Group”:
        Either
        (a) the Class 1A-1A and Class 1A-1B Certificates with respect to Loan Group
        1 or
        (b) the Class 2A-1A, Class 2A-1B and Class 2A-1C Certificates with respect
        to
        Loan Group 2.

      

      “Senior
        Certificateholder”:
        Any
        Holder of a Senior Certificate.

      

      “Senior
        Credit Support Depletion Date”:
        The
        date on which the Class Principal Balance of each Class of Subordinate
        Certificates has been reduced to zero.

      

      “Senior
        Principal Distribution Amount”:
        For
        any Distribution Date, the excess of (x) the aggregate Class Principal Balance
        of the Senior Certificates immediately prior to such Distribution Date over
        (y)
        the lesser of (A) the product of (i) for each Distribution Date prior to
        November 2012, 74.750% and thereafter 79.800% and (ii) the Stated Principal
        Balances of the Mortgage Loans as of the last day of the related Prepayment
        Period (after giving effect to scheduled payments of principal due during
        the
        related Due Period, to the extent received or advanced, and unscheduled
        collections of principal received during the related Prepayment Period) and
        (B)
        the Stated Principal Balances of the Mortgage Loans as of the last day of
        the
        related Prepayment Period (after giving effect to scheduled payments of
        principal due during the related Due Period, to the extent received or advanced,
        and unscheduled collections of principal received during the related Prepayment
        Period) minus
        $8,615,627.

      

      “Senior
        Termination Date”:
        For
        each Senior Certificate Group, the Distribution Date on which the aggregate
        of
        the Class Principal Balances of the related Senior Certificates is reduced
        to
        zero.

      

      “Servicer”:
        GMAC,
        as primary servicer of the Mortgage Loans as set forth and as individually
        defined in the Mortgage Loan Schedule hereto, and any successors
        thereto.

      

      “Servicer
        Remittance Date”:
        With
        respect to each Mortgage Loan, the 18th
        day of
        each month, or if such 18th
        day is
        not a Business Day, the preceding Business Day.

      

      
        
          
          

        

        
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      “Servicing
        Account”:
        Any
        account established and maintained for the benefit of the Trust Fund by the
        Servicer or with respect to the related Mortgage Loans and any REO Property,
        pursuant to the terms of the Servicing Agreement.

      

      “Servicing
        Advances”:
        With
        respect to the Servicer (including the Trustee in its capacity as successor
        Servicer), all customary, reasonable and necessary “out of pocket” costs and
        expenses (including reasonable attorneys’ fees and expenses) incurred by the
        Servicer (including the Trustee in its capacity successor Servicer) in the
        performance of its servicing obligations under the Servicing Agreement,
        including, but not limited to, the cost of (i) the preservation, restoration,
        inspection and protection of the Mortgaged Property, (ii) any enforcement
        or
        judicial proceedings, including foreclosures, (iii) the management and
        liquidation of the REO Property and (iv) compliance with the obligations
        under
        Article III hereof or the Servicing Agreement.

      

      “Servicing
        Agreement”:
        The
        Amended and Restated Master Interim Servicing Agreement dated as of January
        1,
        2006, between GCFP, as owner, and GMAC Mortgage Corporation, as servicer,
        as
        reconstituted by the Reconstitution Agreement, as the same may be amended
        from
        time to time.

      

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

      

      “Servicing
        Fee”:
        With
        respect to the Servicer and each Mortgage Loan and for any calendar month,
        the
        fee payable to the Servicer determined pursuant to the Servicing
        Agreement.

      

      “Servicing
        Fee Rate”:
        With
        respect to each Mortgage Loan, the per annum rate of 0.3750%.

      

      “Servicing
        Function Participant”:
        Any
        Subservicer, Subcontractor of the Servicer, the Custodian and the Trustee,
        respectively.

      

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

      

      “Servicing
        Rights”:
        With
        respect to any Mortgage Loan, any and all of the following: (a) the right,
        under
        the Servicing Agreement, to terminate the Servicer as servicer of the Mortgage
        Loan, with or without cause, (b) the right, under the Servicing Agreement,
        to
        transfer the Servicing Rights and/or all servicing obligations with respect
        to
        such Mortgage Loan; (c) the right to the Servicing Fee, less an amount to
        be
        retained by the Servicer, as its servicing compensation as agreed to by the
        Servicing Rights Owner and the Servicer and (d) all powers and privileges
        incident to any of the foregoing.

      

      “Servicing
        Rights Owner”:
        With
        respect to the Mortgage Loans, GCFP or any successor or assign of
        GCFP.

      

      
        
          
          

        

        
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      “Sponsor”:
        Greenwich Capital Financial Products, Inc., in its capacity as sponsor under
        this Agreement.

      

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

      

      “Stated
        Principal Balance”:
        With
        respect to any Mortgage Loan: (a) as of the Distribution Date in November
        2006,
        the Cut-off Date Principal Balance of such Mortgage Loan, (b) thereafter as
        of any date of determination up to and including the Distribution Date on
        which
        the proceeds, if any, of a Liquidation Event with respect to such Mortgage
        Loan
        would be distributed, the Cut-off Date Principal Balance of such Mortgage
        Loan
minus,
        in the
        case of each Mortgage Loan, the sum of (i) the principal portion of each
        Monthly Payment due on a Due Date subsequent to the Cut-off Date, whether
        or not
        received, (ii) all Principal Prepayments received after the Cut-off Date,
        to the extent distributed pursuant to Section 5.01 before such date of
        determination and (iii) all Liquidation Proceeds and Insurance Proceeds
        applied by the Servicer as recoveries of principal in accordance with the
        applicable provisions of the Servicing Agreement, to the extent distributed
        pursuant to Section 5.01 before such date of determination; and (c) as of
        any date of determination subsequent to the Distribution Date on which the
        proceeds, if any, of a Liquidation Event with respect to such Mortgage Loan
        would be distributed, zero; provided
        that
        such
        Stated Principal Balance shall be increased by the amount of any Deferred
        Interest added to the outstanding Principal Balance of such Mortgage Loan
        pursuant to the terms of the related Mortgage Note. With respect to any REO
        Property: (x) as of any date of determination up to and including the
        Distribution Date on which the proceeds, if any, of a Liquidation Event with
        respect to such REO Property would be distributed, an amount (not less than
        zero) equal to the Stated Principal Balance of the related Mortgage Loan
        as of
        the date on which such REO Property was acquired on behalf of the Trust Fund,
        minus the aggregate amount of REO Principal Amortization in respect of such
        REO
        Property for all previously ended calendar months, to the extent distributed
        pursuant to Section 5.01 before such date of determination; and (y) as
        of any date of determination subsequent to the Distribution Date on which
        the
        proceeds, if any, of a Liquidation Event with respect to such REO Property
        would
        be distributed, zero.

      

      “Stepdown
        Date”:
        The
        earlier to occur of (i) the first Distribution Date on which the aggregate
        Certificate Principal Balance of the Senior Certificates have been reduced
        to
        zero and (ii) the later to occur of (x) the Distribution Date occurring in
        November 2009 and (y) the first Distribution Date on which the Credit
        Enhancement Percentage (calculated for this purpose only after taking into
        account distributions of principal on the Mortgage Loans and before distribution
        of the Principal Distribution Amount to the holders of the Certificates then
        entitled to distributions of principal on such Distribution Date) is greater
        than or equal to (a) prior to the Distribution Date in November 2012, 25.250%
        and (b) on or after the Distribution Date in November 2012,
        20.200%.

      

      “Strike
        Rate”:
        With
        respect to any Distribution Date and the Yield Maintenance Agreement, the
        strike
        rate for such date set forth on Exhibit I of the Yield Maintenance
        Agreement.

      

      “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 the Servicer (or a Subservicer of the Servicer),
        the Trustee, the Custodian and the Credit Risk Manager.

      

      
        
          
          

        

        
          47

          
            

          

        

        
          
          

        

      

      “Subordinate
        Adjusted Cap Rate”:
        For any
        Distribution Date and any Class of Subordinate Certificates, the weighted
        average of the Group 1 Adjusted Cap Rate and the Group 2 Adjusted Cap Rate,
        weighted in each case based on the applicable Subordinate Component for each
        Loan Group. 

      

      “Subordinate
        Certificate”:
        Any of
        the Class B-1, Class B-2, Class B-3, Class B-4, Class B-5, Class B-6 or Class
        B-7 Certificates.

      

      “Subordinate
        Class Expense Share”:
        For
        each Class of Subordinate Certificates and each Accrual Period, the Subordinate
        Class Expense Share shall be allocated in reverse order of their respective
        numerical Class designations (beginning with the Class of Subordinate
        Certificates with the highest numerical Class designation) and will be an
        amount
        equal to (i) the sum of, without duplication, (a) the amounts paid to the
        Trustee from the Trust Fund during such Accrual Period pursuant to Section
        8.05
        hereof to the extent such amounts were paid for ordinary or routine expenses
        and
        were not taken into account in computing the Net Loan Rate of any Mortgage
        Loan
        and (b) amounts described in clause (y) of the definition of Available Funds
        herein to the extent such amounts were paid for ordinary or routine expenses
        and
        were not taken into account in computing the Net Loan Rate of any Mortgage
        Loan
minus
        (ii)
        amounts taken into account under clause (i) of this definition in determining
        the Subordinate Class Expense Share of any Class of Subordinate Certificates
        having a higher numeric designation. In no event, however, shall the Subordinate
        Class Expense Share for any Class of Subordinate Certificates and any Accrual
        Period exceed the Monthly Interest Distributable Amount for such Class of
        Certificates computed without regard to the Subordinate Class Expense
        Share.

      

      “Subordinate
        Component”:
        With
        respect to each Loan Group and any Distribution Date, the excess of the sum
        of
        the related Pool Balance for such Distribution Date over the aggregate Class
        Principal Balance of the related Senior Certificate Group immediately preceding
        such Distribution Date. The designation “1” and “2” appearing after the
        corresponding Loan Group designation is used to indicate a Subordinate Component
        allocable to Loan Group 1 and Loan Group 2, respectively.

      

      “Subservicer”:
        Any
        Person that services Mortgage Loans on behalf of the Servicer, the Trustee
        or
        the Custodian, and is responsible for the performance (whether directly or
        through subservicers or Subcontractors) of servicing functions required to
        be
        performed under this Agreement, any related Servicing Agreement or any
        subservicing agreement that are identified in Item 1122(d) of Regulation
        AB.

      

      “Subservicing
        Fee”:
        For
        any Mortgage Loan, an amount equal to (a) one-twelfth the product of (i)
        the
        Subservicing Fee Rate and (ii) the Stated Principal Balance of such Mortgage
        Loan as of the first day of the related month.

      

      
        
          
          

        

        
          48

          
            

          

        

        
          
          

        

      

      “Subservicing
        Fee Rate”:
        For
        any Mortgage Loan serviced by GMAC on behalf of the Trust Fund, the “GMACM
        Subservicing Fee Rate” as defined in the GMAC Reconstituted Servicing Agreement
        reconstituting the GMAC Sub-Servicing Agreement.

      

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

      

      “Supported
        Originator”:
        Each
        party listed as an “Originator” on Exhibit Z hereto. 

      

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

      

      “Telerate
        Page 3750”:
        The
        display currently so designated as “Page 3750” on the Bridge Telerate Service
        (or such other page selected by the Trustee as may replace Page 3750 on that
        service for the purpose of displaying daily comparable rates on
        prices).

      

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

      

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

      

      “Transaction
        Addendum Harborview 2006-10”:
        The
        transaction addendum dated as of November 13, 2006, by and between Greenwich
        Capital Markets, Inc. and the Credit Risk Manager, and acknowledged by the
        Trustee, relating to the transaction contemplated by this
        Agreement.

      

      “Transfer”:
        Any
        direct or indirect transfer or sale of any Ownership Interest in a Residual
        Certificate.

      

      “Transfer
        Affidavit”:
        As
        defined in Section 6.02(e)(ii) hereof.

      

      “Transferee”:
        Any
        Person who is acquiring by Transfer any Ownership Interest in a
        Certificate.

      

      “Trigger
        Event”:
        With
        respect to any Distribution Date on or after the Stepdown Date, occurs
        when:

      

      (a) the
        percentage of the Mortgage Loans that are delinquent 60 days or more (including
        loans in foreclosure or that are REO Properties) exceeds (i) prior to the
        Distribution Date in November 2012, 27.70% of the current Credit Enhancement
        Percentage or (ii) on or after the Distribution Date in November 2012, 34.65%
        of
        the current Credit Enhancement Percentage; or

      

      
        
          
          

        

        
          49

          
            

          

        

        
          
          

        

      

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

      

      
        	
                Distribution
                  Date Occurring In

              	
                Percentage

              
	 	 
	
                November
                  2008 - October 2009

              	
                0.20%
                  for the first month plus an additional 1/12th
                  of
                  0.25% for each month thereafter

              
	
                November
                  2009 - October 2010

              	
                0.45%
                  for the first month plus an additional 1/12th
                  of
                  0.30% for each month thereafter

              
	
                November
                  2010 - October 2011

              	
                0.75%
                  for the first month plus an additional 1/12th
                  of
                  0.35% for each month thereafter

              
	
                November
                  2011 - October 2012 

              	
                1.10%
                  for the first month plus an additional 1/12th
                  of
                  0.40% for each month thereafter

              
	
                November
                  2012 - October 2013 

              	
                1.50%
                  for the first month plus an additional 1/12th
                  of
                  0.15% for each month thereafter

              
	
                November
                  2013 and thereafter

              	
                1.65%
                  

              

      

       

      “Trust
        Fund”:
        The
        segregated pool of assets subject hereto, constituting the primary trust
        created
        hereby and to be administered hereunder, such Trust Fund consisting of: (i)
        such
        Mortgage Loans as from time to time are subject to this Agreement, together
        with
        the Mortgage Files relating thereto, and together with all collections thereon
        and proceeds thereof, (ii) any REO Property, together with all collections
        thereon and proceeds thereof, (iii) the Trustee’s rights with respect to the
        Mortgage Loans under all insurance policies required to be maintained pursuant
        to this Agreement and any proceeds thereof, (iv) the Depositor’s rights under
        the Mortgage Loan Purchase Agreement (including any security interest created
        thereby); (v) the Distribution Account (subject to the last sentence of this
        definition), any REO Account and such assets that are deposited therein from
        time to time and any investments thereof, together with any and all income,
        proceeds and payments with respect thereto, (vi) all right, title and
        interest of the Seller in and to the Servicing Agreement, (vii) the Basis
        Risk Reserve Fund, the Final Maturity Reserve Fund and the Yield Maintenance
        Account, (viii) the distributions made by the Administrator to the Trustee
        pursuant to the Yield Maintenance Allocation Agreement, (ix) the Financial
        Guaranty Insurance Policy and (x) all proceeds of the foregoing.
        Notwithstanding the foregoing, however, the Trust Fund specifically excludes
        (1)
        all payments and other collections of interest and principal due on the Mortgage
        Loans on or before the Cut-off Date and principal received before the Cut-off
        Date (except any principal collected as part of a payment due after the Cut-off
        Date), (2) all income and gain realized from Permitted Investments of funds
        on
        deposit in the Distribution Account and (3) all Servicing Rights.

      

      “Trustee”:
        Wells
        Fargo Bank, N.A., not in its individual capacity but solely as trustee, a
        national banking association, its successors and assigns, or any successor
        trustee appointed as herein provided.

      

      
        
          
          

        

        
          50

          
            

          

        

        
          
          

        

      

      “Trustee
        Certification”:
        A
        certification of the Trustee substantially in the form of Exhibit
        P.

      

      “Trustee
        Fee”:
        The
        trustee shall receive as compensation for its services all of the investment
        earnings on amounts on deposit in the Distribution Account. 

      

      “Undercollateralized
        Group”:
        With
        respect to any Distribution Date and any Loan Group as to which the aggregate
        Class Principal Balance of the related Classes of Senior Certificates, after
        giving effect to distributions pursuant to Section 5.01(a) on such date,
        is
        greater than the Loan Group Balance of the related Loan Group for such
        Distribution Date, such Classes of Senior Certificates shall constitute an
        Undercollateralized Group.

      

      “Underwriter’s
        Exemption”:
        Prohibited Transaction Exemption 90-59 (Exemption Application No. D-8374),
        as
        amended by PTE 97-34 (Exemption Application No. D-10245 and D-10246) and
        by PTE
        2000-58 (Exemption Application No. D-10829) and PTE 2002-41 (Exemption
        Application No. D-11077), as amended (or any successor thereto), or any
        substantially similar administrative exemption granted by the U.S. Department
        of
        Labor. 

      

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

      

      “United
        States Person”
or
        “U.S.
        Person”:
        The
        term shall have the meaning set forth in Section 7701(a)(30) of the Code or
        successor provisions.

      

      “Unpaid
        Interest Shortfall Amount”:
        For
        any Distribution Date and any Class of LIBOR Certificates, the sum of (i)
        the
        excess, if any, of (a) the aggregate of the Monthly Interest Distributable
        Amounts for such Class for all prior Distribution Dates over (b) the sum
        of all
        amounts distributed as interest in respect of such Class from the Interest
        Remittance Amount pursuant to Section 5.01(a)(i) and from the Yield Maintenance
        Account pursuant to Section 5.01(h)(v) or (vi), plus (ii) interest on the
        amount
        described in clause (i) at the applicable Pass-Through Rate for the related
        Accrual Period, plus (iii) any interest accrued pursuant to clause (ii) on
        prior
        Distribution Dates that remains unpaid.

      

      “Upper-Tier
        REMIC”:
        As
        described in the Preliminary Statement.

      

      “Value”:
        With
        respect to any Mortgage Loan and the related Mortgaged Property, the lesser
        of:

      

      (i) the
        value
        of such Mortgaged Property as determined by an appraisal made for the originator
        of the Mortgage Loan at the time of origination of the Mortgage Loan by an
        appraiser who met the minimum requirements of Fannie Mae and Freddie Mac;
        and

      

      (ii) the
        purchase price paid for the related Mortgaged Property by the Mortgagor with
        the
        proceeds of the Mortgage Loan; 

      

      provided,
        however,
        that in
        the case of a Refinancing Mortgage Loan, such value of the Mortgaged Property
        is
        based solely upon the value determined by an appraisal made for the originator
        of such Refinancing Mortgage Loan at the time of origination by an appraiser
        who
        met the minimum requirements of Fannie Mae and Freddie Mac.

      

      
        
          
          

        

        
          51

          
            

          

        

        
          
          

        

      

      “Voting
        Rights”:
        The
        portion of the voting rights of all of the Certificates which is allocated
        to
        any Certificate. 99% of the voting rights shall be allocated among the Classes
        of Regular Certificates, pro
        rata,
        based
        on a fraction, expressed as a percentage, the numerator of which is the Class
        Principal Balance of such Class and the denominator of which is the aggregate
        of
        the Class Principal Balances then outstanding and 1% of the voting rights
        shall
        be allocated to the Class R Certificate; provided,
        however,
        that
        when none of the Regular Certificates is outstanding, 100% of the voting
        rights
        shall be allocated to the Holder of the Class R Certificate. The voting rights
        allocated to a Class of Certificates shall be allocated among all Holders
        of
        such Class, pro
        rata,
        based
        on a fraction the numerator of which is the Certificate Principal Balance
        of
        each Certificate of such Class and the denominator of which is the Class
        Principal Balance of such Class; provided,
        further,
        however,
        that
        any Certificate registered in the name of the Trustee or any of its affiliates
        shall not be included in the calculation of Voting Rights; and provided,
        further,
        however,
        that
        all Voting Rights in respect of the Insured Certificates shall be allocated
        to
        the Certificate Insurer. The Class C, Class ES and Class P Certificates shall
        have no voting rights.

      

      “Writedown
        Amount”:
        The
        reduction described in Section 5.03(c).

      

      “Yield
        Maintenance Account”:
        The
        account established and maintained by the Trustee pursuant to Section 5.12,
        which shall be entitled “Yield Maintenance Account, Wells Fargo Bank, N.A., in
        trust for the registered Holders of HarborView Mortgage Loan Trust Mortgage
        Loan
        Pass-Through Certificates, Series 2006-10” and which must be an Eligible
        Account.

      

      “Yield
        Maintenance Agreement”:
        The
        interest rate cap agreement for the benefit of the LIBOR Certificates by
        and
        between the Yield Maintenance Provider and the Administrator, on behalf of
        the
        Yield Maintenance Trust, including the ISDA Master Agreement between the
        Yield
        Maintenance Provider and the Administrator, the schedule thereto and the
        related
        confirmation (Ref. No. 38556), dated as of October 2, 2006 attached as Exhibit
        W
        hereto. The Yield Maintenance Agreement shall be an asset of the Yield
        Maintenance Trust and not of the Trust Fund or any REMIC.

      

      “Yield
        Maintenance Allocation Agreement”:
        The
        allocation agreement dated October 4, 2006, among the Administrator, the
        Trustee
        and the Sponsor, a copy of which is attached hereto as Exhibit V.

      

      “Yield
        Maintenance Distributable Amount”:
        With
        respect to each Distribution Date and the LIBOR Certificates, an amount equal
        to
        the product of (i) the excess, if any, of (x) LIBOR, subject to the applicable
        strike rate cap set forth on Schedule I to the Yield Maintenance Agreement
        over
        (y) the applicable Strike Rate, (ii) the related Yield Maintenance Notional
        Balance and (iii) a fraction, the numerator of which is the actual number
        days
        in the related interest Accrual Period and the denominator of which is
        360.

      

      
        
          
          

        

        
          52

          
            

          

        

        
          
          

        

      

      “Yield
        Maintenance Notional Balance”:
        For
        any Distribution Date, the lesser of (i) the amount set forth on Schedule
        I to
        the Yield Maintenance Agreement and (ii) the aggregate Class Principal Balance
        of the LIBOR Certificates.

      

      “Yield
        Maintenance Payment Amount”:
        With
        respect to each Distribution Date, an amount equal to the sum of the amounts
        described in Sections 5.01(h)(i) through (vii).

      

      “Yield
        Maintenance Provider”:
        The
        Bank of New York, its successors and assigns or any successor Yield Maintenance
        Provider.

      

      “Yield
        Maintenance Trust”:
        The
        corpus of a trust created pursuant to the Yield Maintenance Allocation Agreement
        and designated as the “Yield Maintenance Trust” consisting of the Yield
        Maintenance Trust Account and the Yield Maintenance Agreement, but which
        is not
        an asset of the Trust Fund or any REMIC.

      

      “Yield
        Maintenance Trust Account”:
        The
        account, relating to the Yield Maintenance Agreement, established by the
        Trustee
        pursuant to Section 5.11 and maintained by the Administrator pursuant to
        the
        Yield Maintenance Allocation Agreement and which must be an Eligible Account.
        The Yield Maintenance Trust Account is an asset of the Yield Maintenance
        Trust
        and not of the Trust Fund or any REMIC.

      

      
        	 	
                SECTION
                  1.02.

              	
                Accounting.

              

      

      

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

      

      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, does hereby
        transfer, assign, set over and otherwise convey to the Trustee without recourse
        for the benefit of the Certificateholders and the Certificate Insurer all
        the
        right, title and interest of the Depositor, including any security interest
        therein for the benefit of the Depositor, in and to (i) each Mortgage Loan
        identified on the Mortgage Loan Schedule, including the related Cut-off Date
        Principal Balance, all interest due thereon after the applicable Cut-off
        Date
        and all collections in respect of interest and principal due after the
        applicable Cut-off Date; (ii) all the Depositor’s right, title and interest in
        and to the Distribution Account and all amounts from time to time credited
        to
        and to the proceeds of the Distribution Account; (iii) any real property
        that
        secured each such Mortgage Loan and that has been acquired by foreclosure
        or
        deed in lieu of foreclosure; (iv) the Depositor’s interest in any insurance
        policies in respect of the Mortgage Loans; (v) all proceeds of any of the
        foregoing and (vi) all other assets included or to be included in the Trust
        Fund; provided,
        that
        such assignment shall not include any Servicing Rights with respect to the
        Mortgage Loans. Such assignment includes all interest and principal due to
        the
        Depositor after the Cut-off Date with respect to the Mortgage Loans. In exchange
        for such transfer and assignment, the Depositor shall receive the
        Certificates.

      

      
        
          
          

        

        
          53

          
            

          

        

        
          
          

        

      

      It
        is
        acknowledged and agreed that the Trustee hereunder shall also serve as the
        Administrator under the Yield Maintenance Allocation Agreement and the Yield
        Maintenance Agreement. The Depositor hereby directs the Administrator to
        execute, deliver and perform its obligations under the Yield Maintenance
        Allocation Agreement and the Yield Maintenance Agreement, not in its individual
        capacity, but solely as Administrator on behalf of the Yield Maintenance
        Trust.
        Every provision of this Agreement relating to the conduct or affecting the
        liability of or affording protection or indemnification to the Trustee shall
        apply to the Administrator’s execution and performance of its duties and
        obligations under the Yield Maintenance Allocation Agreement and the Yield
        Maintenance Agreement. 

      

      The
        Depositor hereby directs the Trustee to execute, not in its individual capacity,
        but solely as Trustee on behalf of the Trust Fund, the Yield Maintenance
        Allocation Agreement and perform its duties and obligations
        thereunder.

      

      It
        is
        agreed and understood by the Depositor, the Seller and the Trustee that it
        is
        not intended that any Mortgage Loan be included in the Trust Fund that is
        a
“High-Cost Home Loan” as defined in the New Jersey Home Ownership Act, effective
        as of November 27, 2003, or The Home Loan Protection Act of New Mexico,
        effective as of January 1, 2004, or that is a “High Cost Home Mortgage Loan” as
        defined in the Massachusetts Predatory Home Loan Practices Act, effective
        as of
        November 7, 2004, or that is an “Indiana High Cost Home Mortgage Loan” as
        defined in the Indiana High Cost Home Loan Act, effective as of January 1,
        2005.

      

      Notwithstanding
        anything provided herein to the contrary, each of the parties hereto agrees
        and
        acknowledges that, notwithstanding the transfer, conveyance and assignment
        of
        the Mortgage Loans from the Depositor to the Trustee pursuant to this Agreement,
        the GCFP remains the sole and exclusive owner of the related Servicing Rights
        with respect to the Mortgage Loans.

      

      Concurrently
        with the execution and delivery of this Agreement, the Depositor does hereby
        assign to the Trustee all of its rights and interest under the Mortgage Loan
        Purchase Agreement, including all rights of the Seller under the Servicing
        Agreement (other than the Servicing Rights and the right to terminate the
        Servicer for an Event of Default under Section 11.07(b) of the Servicing
        Agreement) to the extent assigned in the Mortgage Loan Purchase Agreement.
        The
        Depositor hereby expressly retains and does not delegate the right to terminate
        the Servicer for an Event of Default pursuant to Section 11.07(b) of the
        Servicing Agreement. The Trustee hereby accepts such assignment, and shall
        be
        entitled to exercise all rights of the Depositor under the Mortgage Loan
        Purchase Agreement and all rights of the Seller under the Servicing Agreement
        as
        if, for such purpose, it were the Depositor or the Seller, as applicable,
        including the Seller’s right to enforce remedies for breaches of representations
        and warranties and delivery of the Mortgage Loan documents. The foregoing
        sale,
        transfer, assignment, set-over, deposit and conveyance does not and is not
        intended to result in creation or assumption by the Trustee of any obligation
        of
        the Depositor, the Seller or any other Person in connection with the Mortgage
        Loans or any other agreement or instrument relating thereto except as
        specifically set forth herein.

      

      
        
          
          

        

        
          54

          
            

          

        

        
          
          

        

      

      In
        connection with such transfer and assignment, (i) the Depositor directs the
        Trustee to appoint Deutsche Bank National Trust Company as Custodian, and
        (ii)
        the Seller, on behalf of the Depositor, does hereby deliver on the Closing
        Date,
        unless otherwise specified in this Section 2.01 or the Custodial Agreement,
        to,
        and deposit with the Trustee, or the Custodian as its designated agent, the
        following documents or instruments with respect to each Mortgage Loan (a
        “Mortgage File”) so transferred and assigned:

      

      (i) the
        original Mortgage Note, endorsed either on its face or by allonge attached
        thereto in blank or in the following form: “Pay to the order of Wells Fargo
        Bank, N.A., as Trustee for HarborView Mortgage Loan Trust Mortgage Loan
        Pass-Through Certificates, Series 2006-10, without recourse”, or with respect to
        any lost Mortgage Note, an original Lost Note Affidavit stating that the
        original Mortgage Note was lost, misplaced or destroyed, together with a
        copy of
        the related Mortgage Note;

      

      (ii) except
        as
        provided below, for each Mortgage Loan that is not a MERS Mortgage Loan,
        the
        original Mortgage, and in the case of each MERS Mortgage Loan, the original
        Mortgage, noting the presence of the MIN for that Mortgage Loan and either
        language indicating that the Mortgage Loan is a MOM Loan if the Mortgage
        Loan is
        a MOM Loan, or if such Mortgage Loan was not a MOM Loan at origination, the
        original Mortgage and the assignment to MERS, in each case with evidence
        of
        recording thereon, and the original recorded power of attorney, if the Mortgage
        was executed pursuant to a power of attorney, with evidence of recording
        thereon
        or, if such Mortgage or power of attorney has been submitted for recording
        but
        has not been returned from the applicable public recording office, has been
        lost
        or is not otherwise available, a certified copy of such Mortgage or power
        of
        attorney, as the case may be, together with an Officer’s Certificate of the
        Seller certifying that the copy of such Mortgage delivered to the Trustee
        (or
        its Custodian) is a true copy and that the original of such Mortgage has
        been
        forwarded to the public recording office, or, in the case of a Mortgage that
        has
        been lost, a copy thereof (certified as provided for under the laws of the
        appropriate jurisdiction) and a written Opinion of Counsel (delivered at
        the
        Seller’s expense) acceptable to the Trustee and the Depositor that an original
        recorded Mortgage is not required to enforce the Trustee’s interest in the
        Mortgage Loan;

      

      (iii) the
        original or copy of each assumption, modification or substitution agreement,
        if
        any, relating to the Mortgage Loans, or, as to any assumption, modification
        or
        substitution agreement which cannot be delivered on or prior to the Closing
        Date
        because of a delay caused by the public recording office where such assumption,
        modification or substitution agreement has been delivered for recordation,
        a
        photocopy of such assumption, modification or substitution agreement, pending
        delivery of the original thereof, together with an Officer’s Certificate of the
        Seller certifying that the copy of such assumption, modification or substitution
        agreement delivered to the Trustee (or its custodian) on behalf of the Trust
        Fund is a true copy and that the original of such agreement has been forwarded
        to the public recording office;

      

      
        
          
          

        

        
          55

          
            

          

        

        
          
          

        

      

      (iv) in
        the
        case of each Mortgage Loan that is not a MERS Mortgage Loan, an original
        Assignment, in form and substance acceptable for recording. The Mortgage
        shall
        be assigned to “Wells Fargo Bank, N.A., as Trustee for HarborView Mortgage Loan
        Trust Mortgage Loan Pass-Through Certificates, Series 2006-10, without
        recourse;”

      

      (v) in
        the
        case of each Mortgage Loan that is not a MERS Mortgage Loan, an original
        copy of
        any intervening Assignment showing a complete chain of assignments, or, in
        the
        case of an intervening Assignment that has been lost, a written Opinion of
        Counsel (delivered at the Seller’s expense) acceptable to the Trustee and any
        NIMS Insurer that such original intervening Assignment is not required to
        enforce the Trustee’s interest in the Mortgage Loans;

      

      (vi) the
        original Primary Insurance Policy, if any, or certificate, if any;

      

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

      

      (viii) with
        respect to any Cooperative Loan, the Cooperative Loan Documents.

      

      In
        connection with the assignment of any MERS Mortgage Loan, the Seller agrees
        that
        it will take (or shall cause the Servicer to take), at the expense of the
        Seller
        (with the cooperation of the Depositor and the Trustee), such actions as
        are
        necessary to cause the MERS®
        System
        to indicate that such Mortgage Loans have been assigned by the Seller to
        the
        Trustee in accordance with this Agreement for the benefit of the
        Certificateholders by including (or deleting, in the case of Mortgage Loans
        that
        are repurchased in accordance with this Agreement) in such computer files
        the
        information required by the MERS®
        System
        to identify the series of the Certificates issued in connection with the
        transfer of such Mortgage Loans to the HarborView Mortgage Loan Trust 2006-10.
        Notwithstanding anything herein to the contrary, the Trustee is not responsible
        for monitoring any MERS Mortgage Loans.

      

      With
        respect to each Cooperative Loan, the Seller, on behalf of the Depositor,
        does
        hereby deliver to the Trustee (or the Custodian) the related Cooperative
        Loan
        Documents and the Seller shall take (or cause the Servicer to take), at the
        expense of the Seller (with the cooperation of the Depositor and the Trustee)
        such actions as are necessary under applicable law (including but not limited
        to
        the relevant UCC) in order to perfect the interest of the Trustee in the
        related
        Mortgaged Property.

      

      Assignments
        of each Mortgage with respect to each Mortgage Loan that is not a MERS Mortgage
        Loan (other than a Cooperative Loan) shall be recorded; provided,
        however,
        that
        such assignments need not be recorded if, in the Opinion of Counsel (which
        must
        be from Independent Counsel and not at the expense of the Trust Fund or the
        Trustee) acceptable to the Trustee, each Rating Agency, recording in such
        states
        is not required to protect the Trust Fund’s interest in the related Mortgage
        Loans; provided,
        further,
        notwithstanding the delivery of any Opinion of Counsel, each assignment of
        Mortgage shall be submitted for recording by the Seller (or the Seller will
        cause the Servicer to submit each such assignment for recording), at the
        cost
        and expense of the Seller, in the manner described above, at no expense to
        the
        Trust Fund or Trustee, upon the earliest to occur of (1) reasonable direction
        by
        the Majority Certificateholders, (2) the occurrence of a bankruptcy or
        insolvency relating to the Seller or the Depositor, or (3) with respect to
        any
        one Assignment of Mortgage, the occurrence of a bankruptcy, insolvency or
        foreclosure relating to the Mortgagor under the related Mortgage. Subject
        to the
        preceding sentence, as soon as practicable after the Closing Date (but in
        no
        event more than three months thereafter except to the extent delays are caused
        by the applicable recording office), the Seller shall properly record (or
        the
        Seller will cause the Servicer to properly record), at the expense of the
        Seller
        (with the cooperation of the Depositor and the Trustee, or the Custodian
        on
        behalf of the Trustee), in each public recording office where the related
        Mortgages are recorded, each assignment referred to in Section 2.01(v) above
        with respect to a Mortgage Loan that is not a MERS Mortgage Loan.

      

      
        
          
          

        

        
          56

          
            

          

        

        
          
          

        

      

      The
        Custodian agrees to execute and deliver to the Depositor and to the Trustee
        on
        or prior to the Closing Date an acknowledgment of receipt of the original
        Mortgage Note (with any exceptions noted), substantially in the form attached
        as
        Exhibit G-1 hereto.

      

      If
        the
        original lender’s title insurance policy, or a certified copy thereof, was not
        delivered pursuant to Section 2.01(vii) above, the Seller shall deliver or
        cause
        to be delivered to the Trustee the original or a copy of a written commitment
        or
        interim binder or preliminary report of title issued by the title insurance
        or
        escrow company, with the original or a certified copy thereof to be delivered
        to
        the Trustee, promptly upon receipt thereof, but in any case within 175 days
        of
        the Closing Date. The Seller shall deliver or cause to be delivered to the
        Trustee, promptly upon receipt thereof, any other documents constituting
        a part
        of a Mortgage File received with respect to any Mortgage Loan sold to the
        Depositor by the Seller, including, but not limited to, any original documents
        evidencing an assumption or modification of any Mortgage Loan.

      

      For
        Mortgage Loans (if any) that have been prepaid in full after the Cut-off
        Date
        and prior to the Closing Date, in lieu of the Seller delivering the above
        documents, the Servicer shall deliver to the Trustee, or to the Custodian
        on
        behalf of the Trustee, prior to the first Distribution Date, an Officer’s
        Certificate, which shall include a statement to the effect that all amounts
        received in connection with such prepayment that are required to be deposited
        in
        the Distribution Account have been so deposited. All original documents that
        are
        not delivered to the Trustee on behalf of the Trust Fund shall be held by
        the
        Servicer in trust for the Trustee, for the benefit of the Trust Fund, the
        Certificateholders and the Certificate Insurer.

      

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

      

      The
        Depositor shall have the right to receive any and all loan-level information
        regarding the characteristics and performance of the Mortgage Loans upon
        request, and to publish, disseminate or otherwise utilize such information
        in
        its discretion, subject to applicable laws and regulations.

      

      
        	 	
                SECTION
                  2.02.

              	
                Acceptance
                  by Trustee.

              

      

      

      The
        Trustee, by execution and delivery hereof, acknowledges receipt by it or
        by the
        Custodian on its behalf of the Mortgage Files pertaining to the Mortgage
        Loans
        listed on the Mortgage Loan Schedule, subject to review thereof by the Custodian
        on behalf of the Trustee and declares that it holds or will hold all other
        assets included in the definition of “Trust Fund” in trust for the exclusive use
        and benefit of all present and future Certificateholders and the Certificate
        Insurer.

      

      
        
          
          

        

        
          57

          
            

          

        

        
          
          

        

      

      The
        Trustee (or the Custodian on behalf of the Trustee) shall, for the benefit
        of
        the Certificateholders and the Certificate Insurer, review each Mortgage
        File
        delivered to it and to certify and deliver to the Depositor, the Seller,
        any
        NIMS Insurer and each Rating Agency an interim certification in substantially
        the form attached hereto as Exhibit G-2, within 90 days after the Closing
        Date
        (or, with respect to any document delivered after the Startup Day, within
        45
        days of receipt and with respect to any Qualified Substitute Mortgage, within
        five Business Days after the assignment thereof) that, as to each Mortgage
        Loan
        listed in the Mortgage Loan Schedule (other than any Mortgage Loan paid in
        full
        or any Mortgage Loan specifically identified in the exception report annexed
        thereto as not being covered by such certification), (i) all documents
        required to be delivered to it pursuant to Section 2.01 of this Agreement
        are in its possession, (ii) such documents have been reviewed by it and
        have not been mutilated, damaged or torn and relate to such Mortgage Loan
        and
        (iii) based on its examination and only as to the foregoing, the
        information set forth in the Mortgage Loan Schedule that corresponds to items
        (i), (ii) and (xv) of the Mortgage Loan Schedule accurately reflects information
        set forth in the Mortgage File. It is herein acknowledged that, in conducting
        such review, the Trustee and the Custodian on its behalf are under no duty
        or
        obligation 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 have actually been recorded
        or that they are other than what they purport to be on their face.

      

      No
        later
        than 180 days after the Closing Date, the Trustee (or the Custodian on behalf
        of
        the Trustee) shall deliver to the Depositor, any NIMS Insurer and the Seller
        a
        final certification in the form annexed hereto as Exhibit G-3 evidencing
        the
        completeness of the Mortgage Files, with any applicable exceptions noted
        thereon.

      

      If,
        in
        the process of reviewing the Mortgage Files and making or preparing, as the
        case
        may be, the certifications referred to above, the Trustee finds any document
        or
        documents constituting a part of a Mortgage File to be missing or not conforming
        to the requirements set forth herein, at the conclusion of its review the
        Trustee (or the Custodian as its designated agent) shall promptly notify
        the
        Certificate Insurer, the Seller and the Depositor. In addition, upon the
        discovery by the Seller or the Depositor (or upon receipt by the Trustee
        of
        written notification of such breach) of a breach of any of the representations
        and warranties made by the Seller in the Mortgage Loan Purchase Agreement
        in
        respect of any Mortgage Loan that materially adversely affects such Mortgage
        Loan or the interests of the related Certificateholders or the Certificate
        Insurer in such Mortgage Loan, the party discovering such breach shall give
        prompt written notice to the other parties to this Agreement.

      

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

      

      
        
          
          

        

        
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      The
        Trustee is hereby authorized and directed by the Depositor to execute and
        deliver Transaction Addendum Harborview 2006-10 to the Master Consulting
        Agreement with the Credit Risk Manager.

      

      
        	 	
                SECTION
                  2.03.

              	
                Repurchase
                  or Substitution of Mortgage Loans by the Originator and the
                  Seller.

              

      

      

      (a) Upon
        its
        discovery or receipt of written notice of any materially defective document
        in,
        or that a document is missing from, a Mortgage File or of the breach by the
        Originator of any representation, warranty or covenant under the Purchase
        Agreement in respect of any Mortgage Loan which materially adversely affects
        the
        value of that Mortgage Loan or the interest therein of the Certificateholders
        or
        the Certificate Insurer, the Trustee shall promptly notify the Originator
        of
        such defect, missing document or breach and request that the Originator deliver
        such missing document or cure such defect or breach within 90 days from the
        date
        that the Originator was notified of such missing document, defect or breach,
        and
        if the Originator does not deliver such missing document or cure such defect
        or
        breach in all material respects during such period, the Trustee shall enforce
        the Originator’s obligation under the Purchase Agreement and cause the
        Originator to repurchase that Mortgage Loan from the Trust Fund at the
        Repurchase Price (as defined in the Purchase Agreement) on or prior to the
        Determination Date following the expiration of such 90 day period. It is
        understood and agreed that the obligation of the Originator to cure or to
        repurchase or to substitute for (or, with respect to any costs and damages
        incurred by the Trust Fund in connection with any violation of any
        anti-predatory or anti-abusive lending laws, indemnify for) any Mortgage
        Loan as
        to which a document is missing, a material defect in a constituent document
        exists or as to which such a breach has occurred and is continuing shall
        constitute the sole remedy against the Originator respecting such omission,
        defect or breach available to the Trustee or any NIMS Insurer on behalf of
        the
        Certificateholders.

      

      (b) Upon
        discovery or receipt of written notice that a document does not comply with
        the
        requirements of Section 2.01 hereof, or that a document is missing from,
        a
        Mortgage File or of the breach by the Seller of any representation, warranty
        or
        covenant under the Mortgage Loan Purchase Agreement or in Section 2.04 or
        Section 2.08 hereof in respect of any Mortgage Loan which materially adversely
        affects the value of that Mortgage Loan or the interest therein of the
        Certificateholders or the Certificate Insurer, the Trustee (or the Custodian
        on
        behalf of the Trustee) shall promptly notify the Seller of such noncompliance,
        missing document or breach and request that the Seller deliver such missing
        document or cure such noncompliance or breach within 90 days from the date
        that
        the Seller was notified of such missing document, noncompliance or breach,
        and
        if the Seller does not deliver such missing document or cure such noncompliance
        or breach in all material respects during such period, the Trustee shall
        enforce
        the Seller’s obligation under the Mortgage Loan Purchase Agreement and cause the
        Seller to repurchase that Mortgage Loan from the Trust Fund at the Purchase
        Price on or prior to the Determination Date following the expiration of such
        90
        day period (subject to Section 2.03(e) below); provided,
        however,
        that, in
        connection with any such breach that could not reasonably have been cured
        within
        such 90 day period, if the Seller shall have commenced to cure such breach
        within such 90 day period, the Seller shall be permitted to proceed thereafter
        diligently and expeditiously to cure the same within the additional period
        provided under the Mortgage Loan Purchase Agreement; and, provided
        further,
        that,
        in the case of the breach of any representation, warranty or covenant made
        by
        the Seller in Section 2.04 hereof, the Seller shall be obligated to cure
        such
        breach or purchase the affected Mortgage Loans for the Purchase Price or,
        if the
        Mortgage Loan or the related Mortgaged Property acquired with respect thereto
        has been sold, then the Seller shall pay, in lieu of the Purchase Price,
        any
        excess of the Purchase Price over the Net Liquidation Proceeds received upon
        such sale. 

      

      
        
          
          

        

        
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      (c) The
        Purchase Price or Repurchase Price (as defined in the Purchase Agreement)
        for a
        Mortgage Loan purchased or repurchased under this Section 2.03 or such other
        amount due shall be deposited in the Distribution Account on or prior to
        the
        next Determination Date after the Seller’s or the Originator’s obligation to
        repurchase such Mortgage Loan arises. The Trustee, upon receipt of written
        certification from the Seller or the Originator of the related deposit in
        the
        Distribution Account, shall cause the Custodian to release to the Seller
        or the
        Originator, as applicable, the related Mortgage File and shall execute and
        deliver such instruments of transfer or assignment, in each case without
        recourse, as the Seller or the Originator, as applicable, shall furnish to
        it
        and as shall be necessary to vest in the Seller or the Originator, as
        applicable, any Mortgage Loan released pursuant hereto and the Trustee and
        the
        Custodian shall have no further responsibility with regard to such Mortgage
        File
        (it being understood that the Trustee and the Custodian shall have no
        responsibility for determining the sufficiency of such assignment for its
        intended purpose). In lieu of repurchasing any such Mortgage Loan as provided
        above, the Seller may cause such Mortgage Loan to be removed from the Trust
        Fund
        (in which case it shall become a Deleted Mortgage Loan) and substitute one
        or
        more Qualified Substitute Mortgage Loans in the manner and subject to the
        limitations set forth in Section 2.03(d) below. It is understood and agreed
        that
        the obligation of the Seller to cure or to repurchase or to substitute for
        (or,
        with respect to any costs and damages incurred by the Trust Fund in connection
        with any violation of any anti-predatory or anti-abusive lending laws, indemnify
        for) any Mortgage Loan as to which a document is missing, a material defect
        in a
        constituent document exists or as to which such a breach has occurred and
        is
        continuing shall constitute the sole remedy against the Seller respecting
        such
        omission, defect or breach available to the Trustee on behalf of the
        Certificateholders.

      

      (d) Notwithstanding
        anything to the contrary set forth above, with respect to any breach by the
        Seller of a representation or warranty made by the Seller herein or in the
        Mortgage Loan Purchase Agreement that materially and adversely affects the
        value
        of a Mortgage Loan or the Mortgage Loans or the interest therein of the
        Certificateholders or the Certificate Insurer, if the Seller would not be
        in
        breach of such representation or warranty but for a breach by the Originator
        of
        a representation and warranty made by the Originator in the Servicing Agreement,
        then the Originator thereunder, in the manner and to the extent set forth
        therein, and not the Seller, shall be required to remedy such breach.
In
        addition to such repurchase or substitution obligation, the Seller shall
        indemnify the Trust Fund and hold it harmless against any losses, damages,
        penalties, fines, forfeitures, reasonable and necessary legal fees and related
        costs, judgments, and other costs and expenses resulting from any claim,
        demand,
        defense or assertion based on or grounded upon, or resulting from, a breach
        of
        the Seller’s representations and warranties contained in Section
        2.04.

      

      
        
          
          

        

        
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      The
        Trustee shall enforce the obligations of the Seller under the Mortgage Loan
        Purchase Agreement including, without limitation, any obligation of the Seller
        to purchase a Mortgage Loan on account of missing or defective documentation
        or
        on account of a breach of a representation, warranty or covenant as described
        in
        this Section 2.03(c).

      

      (e) If
        pursuant to the provisions of Section 2.03(b), the Seller repurchases or
        otherwise removes from the Trust Fund a Mortgage Loan that is a MERS Mortgage
        Loan, the Seller shall take (or shall cause the Servicer to take), at the
        expense of the Seller (with the cooperation of the Depositor and the Trustee),
        such actions as are necessary either (i) cause MERS to execute and deliver
        an
        Assignment of Mortgage in recordable form to transfer the Mortgage from MERS
        to
        the Seller and shall cause such Mortgage to be removed from registration
        on the
        MERS® System in accordance with MERS’ rules and regulations or (ii) cause MERS
        to designate on the MERS® System the Seller or its designee as the beneficial
        holder of such Mortgage Loan.

      

      (f) [Reserved].

      

      (g) Any
        substitution of Qualified Substitute Mortgage Loans for Deleted Mortgage
        Loans
        made pursuant to Section 2.03(a) above must be effected prior to the last
        Business Day that is within two years after the Closing Date. With respect
        to
        any Deleted Mortgage Loan for which the Seller substitutes a Qualified
        Substitute Mortgage Loan or Loans, such substitution shall be effected by
        the
        Seller delivering to the Custodian, on behalf of the Trustee, for such Qualified
        Substitute Mortgage Loan or Loans, the Mortgage Note, the Mortgage, the
        Assignment to the Trustee, and such other documents and agreements, with
        all
        necessary endorsements thereon, as are required by Section 2.01 hereof, together
        with an Officers’ Certificate stating that each such Qualified Substitute
        Mortgage Loan satisfies the definition thereof and specifying the Substitution
        Adjustment (as described below), if any, in connection with such substitution;
        provided,
        however,
        that, in
        the case of any Qualified Substitute Mortgage Loan that is a MERS Mortgage
        Loan,
        the Seller shall provide such documents and take such other action with respect
        to such Qualified Substitute Mortgage Loans as are required pursuant to Section
        2.01 hereof. The Custodian, on behalf of the Trustee, shall acknowledge receipt
        for such Qualified Substitute Mortgage Loan or Loans and, within five Business
        Days thereafter, shall review such documents as specified in Section 2.02
        hereof
        and deliver to the Servicer, with respect to such Qualified Substitute Mortgage
        Loan or Loans, a certification substantially in the form attached hereto
        as
        Exhibit G-2, with any exceptions noted thereon. Within 180 days of the date
        of
        substitution, the Custodian, on behalf of the Trustee, shall deliver to the
        Seller a certification substantially in the form of Exhibit G-3 hereto with
        respect to such Qualified Substitute Mortgage Loan or Loans, with any exceptions
        noted thereon. Monthly Payments due with respect to Qualified Substitute
        Mortgage Loans in the month of substitution are not part of the Trust Fund
        and
        will be retained by the Seller. For the month of substitution, distributions
        to
        Certificateholders will reflect the collections and recoveries in respect
        of
        such Deleted Mortgage Loan in the Due Period preceding the month of substitution
        and the Depositor or the Seller, as the case may be, shall thereafter be
        entitled to retain all amounts subsequently received in respect of such Deleted
        Mortgage Loan. The Seller shall give or cause to be given written notice
        to the
        Certificateholders that such substitution has taken place, shall amend the
        Mortgage Loan Schedule to reflect the removal of such Deleted Mortgage Loan
        from
        the terms of this Agreement and the substitution of the Qualified Substitute
        Mortgage Loan or Loans and shall deliver a copy of such amended Mortgage
        Loan
        Schedule to the Trustee. Upon such substitution, such Qualified Substitute
        Mortgage Loan or Loans shall constitute part of the Trust Fund and shall
        be
        subject in all respects to the terms of this Agreement and, in the case of
        a
        substitution effected by the Seller, the Mortgage Loan Purchase Agreement,
        including, in the case of a substitution effected by the Seller all
        representations and warranties thereof included in the Mortgage Loan Purchase
        Agreement and all representations and warranties thereof set forth in Section
        2.04 hereof, in each case as of the date of substitution.

      

      
        
          
          

        

        
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      For
        any
        month in which the Seller substitutes one or more Qualified Substitute Mortgage
        Loans for one or more Deleted Mortgage Loans, the Seller shall determine,
        and
        provide written certification to the Trustee and the Seller as to, the amount
        (each, a “Substitution Adjustment”), if any, by which the aggregate Purchase
        Price of all such Deleted Mortgage Loans exceeds the aggregate, as to each
        such
        Qualified Substitute Mortgage Loan, of the principal balance thereof as of
        the
        date of substitution, together with one month’s interest on such principal
        balance at the applicable Net Loan Rate. On or prior to the next Determination
        Date after the Seller’s obligation to repurchase the related Deleted Mortgage
        Loan arises, the Seller will deliver or cause to be delivered to the Trustee
        for
        deposit in the Distribution Account an amount equal to the related Substitution
        Adjustment, if any, and the Custodian, on behalf of the Trustee, upon receipt
        of
        the related Qualified Substitute Mortgage Loan or Loans and a written
        certification from the Seller of its remittance of the deposit to the
        Distribution Account, shall release to the Seller the related Mortgage File
        or
        Files and shall execute and deliver such instruments of transfer or assignment,
        in each case without recourse, as the Seller shall deliver to it and as shall
        be
        necessary to vest therein any Deleted Mortgage Loan released pursuant
        hereto.

      

      In
        addition, the Seller shall obtain at its own expense and deliver to the Trustee
        an Opinion of Counsel to the effect that such substitution (either specifically
        or as a class of transactions) will not cause an Adverse REMIC Event. If
        such
        Opinion of Counsel cannot be delivered, then such substitution may only be
        effected at such time as the required Opinion of Counsel can be
        given.

      

      (h) Upon
        discovery by the Seller, the Depositor or the Trustee that any Mortgage Loan
        does not constitute a “qualified mortgage” within the meaning of Section
        860G(a)(3) of the Code, the party discovering such fact shall within two
        Business Days give written notice thereof to the other parties. In connection
        therewith, the Seller shall repurchase or, subject to the limitations set
        forth
        in Section 2.03(c), substitute one or more Qualified Substitute Mortgage
        Loans
        for the affected Mortgage Loan within 90 days of the earlier of discovery
        or
        receipt of such notice with respect to such affected Mortgage Loan. Any such
        repurchase or substitution shall be made in the same manner as set forth
        in
        Section 2.03(b) above, if made by the Seller. The Trustee shall reconvey
        to the
        Seller the Mortgage Loan to be released pursuant hereto in the same manner,
        and
        on the same terms and conditions, as it would a Mortgage Loan repurchased
        for
        breach of a representation or warranty.

      

      (i) Notwithstanding
        the foregoing, to the extent that any fact, condition or event with respect
        to a
        Mortgage Loan constitutes a breach of both (i) a representation or warranty
        of
        the Originator under the Purchase Agreement and (ii) a representation or
        warranty of the Seller under this Agreement, in each case, which materially
        adversely affects the value of such Mortgage Loan or the interest therein
        of the
        Certificateholders or the Certificate Insurer, the Trustee shall first request
        that the Originator cure such breach or repurchase such Mortgage Loan and
        if the
        Originator fails to cure such breach or repurchase such Mortgage Loan within
        60
        days of receipt of such request from the Trustee, the Trustee shall then
        request
        that the Seller cure such breach or repurchase such Mortgage Loans.

      

      
        
          
          

        

        
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                SECTION
                  2.04.

              	
                Representations
                  and Warranties of the Seller with Respect to the Mortgage
                  Loans.

              

      

      

      The
        Seller hereby makes the following representations and warranties to the Trustee
        on behalf of the Certificateholders and the Certificate Insurer as of the
        Closing Date with respect to the Mortgage Loans:

      

      (i) Any
        and
        all requirements of any federal, state or local law including, without
        limitation, usury, truth in lending, real estate settlement procedures,
        predatory and abusive lending, consumer credit protection, equal credit
        opportunity, fair housing or disclosure laws applicable to the origination
        and
        servicing of mortgage loans of a type similar to the Mortgage Loans at
        origination have been complied with;

      

      (ii) No
        Mortgage Loan is (a)(1) subject to the provisions of the Homeownership and
        Equity Protection Act of 1994 as amended (“HOEPA”) or (2) has an annual
        percentage rate (“APR”) or total points and fees that are equal to or exceeds
        the HOEPA thresholds (as defined in 12 CFR 226.32 (a)(1)(i) and (ii)), (b)
        a
“high cost” mortgage loan, “covered” mortgage loan, “high risk home” mortgage
        loan, or “predatory” mortgage loan or any other comparable term, no matter how
        defined under any federal, state or local law, (c) subject to any comparable
        federal, state or local statutes or regulations, or any other statute or
        regulation providing for assignee liability to holders of such mortgage loans,
        or (d) a High Cost Loan or Covered Loan, as applicable (as such terms are
        defined in the then current Standard & Poor’s LEVELS® Glossary Revised,
        Appendix E). In addition, no Mortgage Loan originated on or after October
        1,
        2002 through March 6, 2003 is governed by the Georgia Fair Lending Act;

      

      (iii) With
        respect to each representation and warranty with respect to any Mortgage
        Loan
        made by the Originator in the Purchase Agreement that is made as of the related
        Closing Date (as defined in the related Purchase Agreement), to the Seller’s
        knowledge, no event has occurred since the related Closing Date (as defined
        in
        the related Purchase Agreement) that would render such representations and
        warranties to be untrue in any material respect as of the Closing Date;
        and

      

      (iv) Each
        Group 1 Mortgage Loan has an original principal balance that conforms to
        Freddie
        Mac guidelines in effect as of the Closing Date.

      

      With
        respect to the representations and warranties incorporated in this Section
        2.04
        that are made to the best of the Seller’s knowledge or as to which the Seller
        has no knowledge, if it is discovered by the Depositor, the Seller, the
        Certificate Insurer or the Trustee that the substance of such representation
        and
        warranty is inaccurate and such inaccuracy materially and adversely affects
        the
        value of the related Mortgage Loan or the interest therein of the
        Certificateholders or the Certificate Insurer then, notwithstanding the Seller’s
        lack of knowledge with respect to the substance of such representation and
        warranty being inaccurate at the time the representation or warranty was
        made,
        such inaccuracy shall be deemed a breach of the applicable representation
        or
        warranty.

      

      
        
          
          

        

        
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      It
        is
        understood and agreed that the representations and warranties incorporated
        in
        this Section 2.04 shall survive delivery of the Mortgage Files to the Trustee
        and shall inure to the benefit of the Certificateholders and the Certificate
        Insurer notwithstanding any restrictive or qualified endorsement or assignment.
        Upon discovery by any of the Depositor, the Seller, the Certificate Insurer
        or
        the Trustee of a breach of any of the foregoing representations and warranties
        which materially and adversely affects the value of any Mortgage Loan or
        the
        interests therein of the Certificateholders or the Certificate Insurer, the
        party discovering such breach shall give prompt written notice to the other
        parties, and in no event later than two Business Days from the date of such
        discovery. It is understood and agreed that the obligations of the Seller
        set
        forth in Section 2.03(b) hereof to cure, substitute for or repurchase (or,
        with
        respect to any costs and damages incurred by the trust fund in connection
        with
        any violation of any anti-predatory or anti-abusive lending laws, indemnify
        for)
        a related Mortgage Loan pursuant to the Mortgage Loan Purchase Agreement
        constitute the sole remedies available to the Certificateholders, any NIMS
        Insurer or to the Trustee on their behalf respecting a breach of the
        representations and warranties incorporated in this Section 2.04.

      

      
        	 	
                SECTION
                  2.05.

              	
                Back-up
                  of Originator Representations and
                  Warranties.

              

      

      

        Within
          120 days following the earlier of discovery by the Seller or receipt of
          notice
          by the Seller of the occurrence of both (i) the breach of any representation
          or
          warranty of a Supported Originator under Section 7.02 of the related Purchase
          Agreement in respect of any Mortgage Loan which materially adversely affects
          the
          value of that Mortgage Loan or the interest therein of the Certificateholders
          or
          the Certificate Insurer and for which the related Supported Originator
          has
          failed to cure such breach in accordance with the terms of the related
          Purchase
          Agreement and (ii)(a) the Originator ceasing to be an operating company
          or (b)
          receipt by the Seller of an officers’ certificate of the related Supported
          Originator certifying to the fact that the Originator is financially unable
          to
          cure such breach in accordance with the terms of the related Purchase Agreement,
          the Seller shall take the actions described in Section 2.03, as applicable,
          in
          respect of such Mortgage Loan.  

         

      

      
        	 	
                SECTION
                  2.06.

              	
                Representations
                  and Warranties of the
                  Depositor.

              

      

      

      The
        Depositor represents and warrants to the Trust Fund, any NIMS Insurer, the
        Certificate Insurer and the Trustee on behalf of the Certificateholders and
        the
        Certificate Insurer as follows:

      

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

      

      
        
          
          

        

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

      

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

      

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

      

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

      

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

      

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

      

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

      

      
        
          
          

        

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

      

      
        	 	
                SECTION
                  2.07.

              	
                Issuance
                  of Certificates.

              

      

      

      The
        Trustee acknowledges the assignment to it of the Mortgage Loans and the delivery
        to it or to the Custodian of the Mortgage Files, subject to the provisions
        of
        Sections 2.01 and 2.02 hereof, together with the assignment to it of all
        other assets included in the Trust Fund, receipt of which is hereby
        acknowledged. Concurrently with such assignment and delivery and in exchange
        therefor, the Trustee, pursuant to the written request of the Depositor executed
        by an officer of the Depositor, has caused to be executed, authenticated
        and
        delivered to or upon the order of the Depositor, the Certificates in authorized
        denominations. The interests evidenced by the Certificates constitute the
        entire
        beneficial ownership interest in the Trust Fund.

      

      
        	 	
                SECTION
                  2.08.

              	
                Representations
                  and Warranties of the Seller.

              

      

      

      The
        Seller hereby represents and warrants to the Trustee on behalf of the
        Certificateholders and the Certificate Insurer that, as of the Closing Date
        or
        as of such date specifically provided herein:

      

      (i) The
        Seller is duly organized, validly existing and in good standing and has the
        power and authority to own its assets and to transact the business in which
        it
        is currently engaged. The Seller is duly qualified to do business and is
        in good
        standing in each jurisdiction in which the character of the business transacted
        by it or properties owned or leased by it requires such qualification and
        in
        which the failure to so qualify would have a material adverse effect on (a)
        its
        business, properties, assets or condition (financial or other), (b) the
        performance of its obligations under this Agreement, or (c) the value or
        marketability of the Mortgage Loans.

      

      (ii) The
        Seller has the power and authority to make, execute, deliver and perform
        this
        Agreement and to consummate all of the transactions contemplated hereunder
        and
        has taken all necessary action to authorize the execution, delivery and
        performance of this Agreement which is part of its official records. When
        executed and delivered, this Agreement will constitute the Seller’s legal, valid
        and binding obligations enforceable in accordance with its terms, except
        as
        enforcement of such terms may be limited by (1) bankruptcy, insolvency,
        reorganization, receivership, moratorium or similar laws affecting the
        enforcement of creditors’ rights generally and the rights of creditors of
        federally insured financial institutions and by the availability of equitable
        remedies, (2) general equity principles (regardless of whether such enforcement
        is considered in a proceeding in equity or at law) or (3) public policy
        considerations underlying the securities laws, to the extent that such policy
        considerations limit the enforceability of the provisions of this Agreement
        which purport to provide indemnification from securities laws
        liabilities.

      

      
        
          
          

        

        
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      (iii) The
        Seller holds all necessary licenses, certificates and permits from all
        governmental authorities necessary for conducting its business as it is
        currently conducted. It is not required to obtain the consent of any other
        party
        or any consent, license, approval or authorization from, or registration
        or
        declaration with, any governmental authority, bureau or agency in connection
        with the execution, delivery, performance, validity or enforceability of
        this
        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, prior to the Closing Date.

      

      (iv) The
        execution, delivery and performance of this Agreement by the Seller will
        not
        conflict with or result in a breach of, or constitute a default under, any
        provision of any existing law or regulation or any order or decree of any
        court
        applicable to the Seller or any of its properties or any provision of its
        articles of incorporation, charter or by-laws, or constitute a material breach
        of, or result in the creation or imposition of any lien, charge or encumbrance
        upon any of its properties pursuant to any mortgage, indenture, contract
        or
        other agreement to which it is a party or by which it may be bound.

      

      (v) No
        certificate of an officer, written statement or written report delivered
        pursuant to the terms hereof of the Seller contains any untrue statement
        of a
        material fact or omits to state any material fact necessary to make the
        certificate, statement or report not misleading.

      

      (vi) The
        transactions contemplated by this Agreement are in the ordinary course of
        the
        Seller’s business.

      

      (vii) The
        Seller is not insolvent, nor will the Seller be made insolvent by the transfer
        of the Mortgage Loans to the Depositor, nor is the Seller aware of any pending
        insolvency of the Seller.

      

      (viii) The
        Seller is not in violation of, and the execution and delivery of this Agreement
        by the Seller and its performance and compliance with the terms of this
        Agreement will not constitute a violation with respect to, any order or decree
        of any court, or any order or regulation of any federal, state, municipal
        or
        governmental agency having jurisdiction, which violation would materially
        and
        adversely affect the Seller’s financial condition (financial or otherwise) or
        operations, or materially and adversely affect the performance of any of
        its
        duties hereunder.

      

      
        
          
          

        

        
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      (ix) There
        are
        no actions or proceedings against the Seller, or pending or, to its knowledge,
        threatened, before any court, administrative agency or other tribunal; nor,
        to
        the Seller’s knowledge, are there any investigations (i) that, if determined
        adversely, would prohibit the Seller from entering into this Agreement, (ii)
        seeking to prevent the consummation of any of the transactions contemplated
        by
        this Agreement or (iii) that, if determined adversely, would prohibit or
        materially and adversely affect the Seller’s ability to perform any of its
        respective obligations under, or the validity or enforceability of, this
        Agreement.

      

      (x) The
        Seller did not transfer the Mortgage Loans to the Depositor with any intent
        to
        hinder, delay or defraud any of its creditors.

      

      (xi) The
        Seller acquired title to the Mortgage Loans in good faith, without notice
        of any
        adverse claims.

      

      (xii) The
        transfer, assignment and conveyance of the Mortgage Notes and the Mortgages
        by
        the Seller to the Depositor are not subject to the bulk transfer laws or
        any
        similar statutory provisions in effect in any applicable
        jurisdiction.

      

      
        	 	
                SECTION
                  2.09.

              	
                Covenants
                  of the Seller. 

              

      

      

      The
        Seller hereby covenants that, except for the transfer hereunder, the Seller
        will
        not sell, pledge, assign or transfer to any other Person, or grant, create,
        incur, assume or suffer to exist any lien on any Mortgage Loan, or any interest
        therein; the Seller will notify the Trustee, as assignee of the Depositor
        and
        the Certificate Insurer, of the existence of any lien on any Mortgage Loan
        immediately upon discovery thereof, and the Seller will defend the right,
        title
        and interest of the Trustee, as assignee of the Depositor, in, to and under
        the
        Mortgage Loans, against all claims of third parties claiming through or under
        the Seller; provided,
        however,
        that
        nothing in this Section 2.09 shall prevent or be deemed to prohibit the Seller
        from suffering to exist upon any of the Mortgage Loans any liens for municipal
        or other local taxes and other governmental charges if such taxes or
        governmental charges shall not at the time be due and payable or if the Seller
        shall currently be contesting the validity thereof in good faith by appropriate
        proceedings and shall have set aside on its books adequate reserves with
        respect
        thereto. The Seller shall, within 30 days after the Closing Date, provide
        the
        Trustee, the Servicer, the Certificate Insurer and the Depositor a complete
        list
        of each party to the HarborView Mortgage Loan Trust 2006-10
        transaction.

      

      ARTICLE
        III

      

      ADMINISTRATION
        OF THE MORTGAGE LOANS; CREDIT RISK MANAGER

      

      
        	 	
                SECTION
                  3.01.

              	
                Servicing
                  of the Mortgage Loans. 

              

      

      

      The
        Servicer will service the Mortgage Loans pursuant to the terms of the Servicing
        Agreement. The Depositor hereby directs the Trustee to execute the Reconstituted
        Servicing Agreement and the Custodial Agreement. Notwithstanding anything
        in
        this Agreement, the Servicing Agreement or the Credit Risk Management Agreement
        to the contrary, the Trustee shall have no duty or obligation to enforce
        the
        Credit Risk Management Agreement or to supervise, monitor or oversee the
        activities of the Servicer under the Credit Risk Management Agreement with
        respect to any action taken or not taken by the Servicer at the direction
        of the
        Seller or pursuant to a recommendation of the Credit Risk Manager.

      

      
        
          
          

        

        
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                SECTION
                  3.02.

              	
                REMIC-Related
                  Covenants.

              

      

      

      For
        as
        long as each REMIC created hereunder shall exist, the Trustee shall act in
        accordance herewith to treat each such REMIC as a REMIC, and the Trustee
        shall
        comply with any directions of the Depositor or the Servicer to assure such
        continuing treatment. In particular, the Trustee shall not (a) sell or knowingly
        permit the sale of all or any portion of the Mortgage Loans or of any investment
        of deposits in an Account unless such sale is as a result of a repurchase
        of the
        Mortgage Loans or is otherwise permitted pursuant to this Agreement or the
        Servicing Agreement or the Trustee has received a REMIC Opinion prepared
        at the
        expense of the Trust Fund; and (b) other than with respect to a substitution
        pursuant to the Mortgage Loan Purchase Agreement or Section 2.03 or 2.04
        of this
        Agreement or as otherwise provided in this Agreement or the Servicing Agreement,
        as applicable, accept any contribution to any REMIC after the Startup Day
        without receipt of a REMIC Opinion.

      

      
        	 	
                SECTION
                  3.03.

              	
                Release
                  of Mortgage Files.

              

      

      

      (a) Upon
        becoming aware of the payment in full of any Mortgage Loan, or the receipt
        by
        the Servicer of a notification that payment in full has been escrowed in
        a
        manner customary for such purposes for payment to Certificateholders on the
        next
        Distribution Date, the Servicer will, if required under the Servicing Agreement,
        promptly furnish to the Custodian, on behalf of the Trustee, two copies of
        a
        certification substantially in the form of Exhibit F hereto signed by a
        Servicing Officer or in a mutually agreeable electronic format which will,
        in
        lieu of a signature on its face, originate from a Servicing Officer (which
        certification shall include a statement to the effect that all amounts received
        in connection with such payment that are required to be deposited in the
        Servicing Account maintained by the Servicer pursuant to Section 4.01 or
        by the
        Servicer pursuant to the Servicing Agreement have been or will be so deposited)
        and shall request that the Trustee (or the Custodian, on behalf of the Trustee)
        deliver to the Servicer the related Mortgage File. Upon receipt of such
        certification and request, the Trustee (or the Custodian, on behalf of the
        Trustee), shall promptly release the related Mortgage File to the Servicer,
        the
        Trustee and the Custodian shall have no further responsibility with regard
        to
        such Mortgage File. Upon any such payment in full, the Servicer is authorized,
        to give, as agent for the Trustee, as the mortgagee under the Mortgage that
        secured the Mortgage Loan, an instrument of satisfaction (or assignment of
        mortgage without recourse) regarding the Mortgaged Property subject to the
        Mortgage, which instrument of satisfaction or assignment, as the case may
        be,
        shall be delivered to the Person or Persons entitled thereto against receipt
        therefor of such payment, it being understood and agreed that no expenses
        incurred in connection with such instrument of satisfaction or assignment,
        as
        the case may be, shall be chargeable to the Servicing Account.

      

      
        
          
          

        

        
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      (b) From
        time
        to time and as appropriate for the servicing or foreclosure of any Mortgage
        Loan
        and in accordance with the Servicing Agreement, the Trustee shall execute
        such
        documents as shall be prepared and furnished to the Trustee by the Servicer
        (in
        form reasonably acceptable to the Trustee) and as are necessary to the
        prosecution of any such proceedings. The Trustee (or the Custodian, on behalf
        of
        the Trustee), shall, upon the request of the Servicer, and upon delivery
        to the
        Trustee (or the Custodian, on behalf of the Trustee), of two copies of a
        request
        for release signed by a Servicing Officer substantially in the form of Exhibit
        F
        (or in a mutually agreeable electronic format which will, in lieu of a signature
        on its face, originate from a Servicing Officer), release the related Mortgage
        File held in its possession or control to the Servicer. Such trust receipt
        shall
        obligate the Servicer to return the Mortgage File to the Trustee (or the
        Custodian on behalf of the Trustee) when the need therefor by the Servicer
        no
        longer exists unless the Mortgage Loan shall be liquidated, in which case,
        upon
        receipt of a certificate of a Servicing Officer similar to that hereinabove
        specified, the Mortgage File shall be released by the Trustee (or the Custodian
        on behalf of the Trustee), to the Servicer.

      

      
        	 	
                SECTION
                  3.04.

              	
                Assessments
                  of Compliance and Attestation
                  Reports.

              

      

      

      (a) Assessments
        of Compliance.

      

      (i) By
        March
        10 (with a 5 calendar day cure period) of each year, commencing in March
        2007,
        the Trustee, the Credit Risk Manager and the Custodian, each at its own expense,
        shall furnish, 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 Trustee and the Depositor, a report on such party’s
        assessment of compliance with the Relevant Servicing Criteria that contains
        (A)
        a statement by such party of its responsibility for assessing compliance
        with
        the Relevant Servicing Criteria, (B) a statement that such party used the
        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 3.07(b), 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 attestation report on such party’s
        assessment of compliance with the Relevant Servicing Criteria as of and for
        such
        period. 

      

      (ii) No
        later
        than the end of each fiscal year for the Trust Fund for which a Form 10-K
        is
        required to be filed, the Custodian and the Credit Risk Manager shall forward
        to
        the Trustee and the Depositor the name of each Servicing Function Participant
        engaged by it and what Relevant Servicing Criteria will be addressed in the
        report on assessment of compliance prepared by such Servicing Function
        Participant. When the Custodian, the Credit Risk Manager and any Servicing
        Function Participant engaged by them submit their assessments to the Depositor,
        such parties will also at such time include the assessment (and attestation
        pursuant to subsection (b) of this Section 3.04) of each Servicing Function
        Participant engaged by it.

      

      (iii) Promptly
        after receipt of each such report on assessment of compliance, the Depositor
        shall review each such report and, if applicable, consult with the Trustee
        and
        the Custodian, the Credit Risk Manager 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.

      

      
        
          
          

        

        
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      (iv) The
        Trustee shall include all annual reports on assessment of compliance received
        by
        it from the Servicer (or the Subservicer on its behalf) with its own assessment
        of compliance to be submitted to the Depositor pursuant to this
        Section.

      

      (v) In
        the
        event the Trustee, the Servicer, the Custodian, the Credit Risk Manager or
        any
        Servicing Function Participant engaged by 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
        a report on assessment of compliance pursuant to this Section 3.04(a) or
        to such
        other applicable agreement with respect to the period of time it was subject
        to
        this Agreement or any applicable subservicing agreement, notwithstanding
        any
        such termination, assignment or resignation.

      

      (b) Attestation
        Reports.

      

      (i) By
        March
        10 (with a 5 calendar day cure period) of each year, commencing in March
        2007,
        the Trustee, the Custodian and the Credit Risk Manager, 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 Trustee, the Custodian,
        the
        Credit Risk Manager, 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 to the Trustee and the Depositor, to the
        effect
        that (i) it has obtained a report on assessment of compliance with the Relevant
        Servicing Criteria 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. 

      

      (ii) Promptly
        after receipt of each such assessment of compliance and attestation report
        the
        Trustee and the Depositor shall confirm that each assessment submitted pursuant
        to subsection (a) of this Section 3.04 is coupled with an attestation meeting
        the requirements of this Section and notify the Depositor of any
        exceptions.

      

      (iii) The
        Trustee shall include each such attestation furnished to it by the Servicer
        with
        its own attestation to be submitted to the Depositor pursuant to this
        Section.

      

      (iv) In
        the
        event the Trustee, the Custodian, the Servicer or any Servicing Function
        Participant engaged by such party is terminated, assigns its rights and duties
        under or resigns pursuant to the terms of this Agreement, or any applicable
        custodial agreement, servicing agreement or subservicing agreement, as the
        case
        may be, such party shall cause a registered public accounting firm to provide
        an
        attestation pursuant to this Section 3.04(b) with respect to the period of
        time
        it was subject to this Agreement or any applicable subservicing agreement,
        notwithstanding any such termination, assignment or resignation.

      

      
        
          
          

        

        
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      (v) The
        Trustee’s and the Custodian’s obligation to provide assessments of compliance
        and attestations under this Section 3.04 shall terminate upon the filing
        of a
        Form 15 suspension notice on behalf of the Trust Fund.

      

      (c) The
        Trustee’s obligation to provide assessments of compliance and attestations under
        this Section 3.04 shall terminate when the Trust Fund is no longer required
        to
        file reports pursuant to Section 15(d) of the Exchange Act.

      

      
        	 	
                SECTION
                  3.05.

              	
                Enforcement
                  of Regulation AB Deliverables.

              

      

      

      If
        the
        Servicer or any Servicing Function Participant engaged by it fails to deliver
        any certifications, assessments, attestations or statements of compliance
        to the
        Trustee within the time specified in the Servicing Agreement, the Trustee
        shall
        notify the Servicer or any such Servicing Function Participant in writing
        of
        such failure, with a copy of such notice to be delivered to the Seller and
        the
        Depositor. If at the end of the applicable cure period the Servicer or any
        Servicing Function Participant has failed to deliver any of the required
        certifications, assessments, attestations or statements of compliance, the
        Trustee shall notify the Seller and the Depositor of such failure to deliver
        the
        required certifications, assessments, attestations or statements of compliance
        pursuant to the Servicing Agreement.

      

      
        	 	
                SECTION
                  3.06.

              	
                Sarbanes-Oxley
                  Certification.

              

      

      

      Each
        Form
        10-K shall include a Sarbanes-Oxley Certification, required to be included
        therewith pursuant to the Sarbanes-Oxley Act. The Trustee and the Servicer
        shall
        provide, and each such party 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 10 (with a 5 calendar day cure
        period) of each year in which the Trust Fund is subject to the reporting
        requirements of the Exchange Act and otherwise within a reasonable period
        of
        time upon request, a certification (each, a “Back-Up Certification”) in the form
        of Exhibit M-1 hereto (or, in the case of the Trustee, the form attached
        hereto
        as Exhibit M-2) 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. A senior officer of the Depositor shall serve as the
        Certifying Person on behalf of the Trust Fund. Such officer of the Certifying
        Person can be contacted by facsimile at (203) 618-2596. In the event any
        such
        party 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 3.06 with
        respect to the period of time it was subject to this Agreement or any applicable
        subservicing agreement, as the case may be.

      

      
        
          
          

        

        
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                SECTION
                  3.07.

              	
                Reports
                  Filed with Securities and Exchange
                  Commission.

              

      

      

      The
        Trustee shall reasonably cooperate with the Depositor in connection with
        the
        Trust Fund’s satisfying the reporting requirements under the Exchange
        Act.

      

      (a) Reports
        Filed on Form 10-D.

      

      (i) Within
        15
        days after each Distribution Date (subject to permitted extensions under
        the
        Exchange Act), the Trustee shall prepare and file on behalf of the Trust
        Fund
        any Form 10-D required by the Exchange Act, in form and substance as required
        by
        the Exchange Act. The Trustee shall file each Form 10-D with a copy of the
        related Distribution Date Statement and a copy of each report made available
        by
        the Credit Risk Manager pursuant to Section 3.15 (provided each such report
        is
        made available to the Trustee in a format compatible with EDGAR filing
        requirements) attached thereto. Any disclosure in addition to the Distribution
        Date Statement that is required to be included on Form 10-D (“Additional Form
        10-D Disclosure”) shall be reported by the responsible parties set forth on
        Exhibit O to the Trustee and Depositor and directed and approved by the
        Depositor pursuant to the following paragraph and the Trustee will have no
        duty
        or liability for any failure hereunder to determine or prepare any Additional
        Form 10-D Disclosure, except as set forth in the next paragraph.

      

      (ii) As
        set
        forth on Exhibit R hereto, within 5 calendar days after the related Distribution
        Date, (i) the parties to the HarborView Mortgage Loan Trust 2006-10 transaction
        shall be required to provide to the Trustee, the Depositor and McKee Nelson
        LLP,
        to the extent known by a responsible officer thereof, in EDGAR-compatible
        form
        (which may be Word or Excel documents easily convertible to EDGAR format),
        or in
        such other form as otherwise agreed upon by the Trustee and such party, the
        form
        and substance of any Additional Form 10-D Disclosure, if applicable, 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 Form 10-D. The Seller will be responsible
        for
        any reasonable fees and expenses assessed or incurred by the Trustee in
        connection with including any Additional Form 10-D Disclosure in Form 10-D
        pursuant to this paragraph.

      

      (iii) After
        preparing the Form 10-D, the Trustee shall, no later than 10 calendar days
        after
        the Distribution Date, forward electronically a copy of the Form 10-D to
        the
        Depositor and McKee Nelson LLP. Within two Business Days after receipt of
        such
        copy, but no later than the 12th calendar day after the Distribution Date
        (or
        the next succeeding Business Day), (i) the Depositor shall notify the Trustee
        in
        writing of any changes to or approval of such Form 10-D and (ii) an officer
        of
        the Depositor shall execute the Form 10-D and return an electronic or fax
        copy
        of such executed Form 10-D (with an original executed hard copy to follow
        by
        overnight mail). Upon receipt of the executed Form 10-D and in the absence
        of
        receipt of any written changes or approval, the Trustee shall be entitled
        to
        assume that such Form 10-D is in final form the Trustee may proceed with
        the
        filing of Form 10-D. If a Form 10-D cannot be filed on time or if a previously
        filed Form 10-D needs to be amended, the Trustee will follow the procedures
        set
        forth in subsection (d)(ii) of this Section 3.07. Promptly (but no later
        than 1
        Business Day) after filing with the Commission, the Trustee will make available
        on its internet website at www.ctslink.com
        a final
        executed copy of each Form 10-D filed by the Trustee. Each party to this
        Agreement acknowledges that the performance by the Depositor and the Trustee
        of
        their respective duties under this Section 3.07(a) 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 3.07(a). The Trustee shall have no liability for any loss,
        expense, damage, claim arising out of or with respect to any failure to properly
        prepare and/or timely file such Form 10-D, where such failure results from
        the
        Trustee’s inability or failure to receive, on a timely basis, any information
        from any other party hereto needed to prepare, arrange for execution or file
        such Form 10-D, and for any erroneous, inaccurate or incomplete information
        or
        certification provided to the Trustee, not resulting from its own negligence,
        bad faith or willful misconduct.

      

      
        
          
          

        

        
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      (iv) Form
        10-D
        requires the registrant to indicate (by checking “yes” or “no”) that it “(1) has
        filed all reports required to be filed by Section 13 or 15(d) of the Exchange
        Act during the preceding 12 months (or for such shorter period that the
        registrant was required to file such reports), and (2) has been subject to
        such
        filing requirements for the past 90 days.” The Depositor hereby represents to
        the Trustee that the Depositor has filed all such required reports during
        the
        preceding 12 months and that it has been subject to such filing requirement
        for
        the past 90 days. The Depositor shall notify the Trustee in writing, no later
        than the fifth calendar day after the related Distribution Date with respect
        to
        the filing of a report on Form 10-D if the answer to the questions should
        be
“no.” The Trustee shall be entitled to rely on such representations in preparing
        and/or filing any such report.

      

      (b) Reports
        Filed on Form 10-K.

      

      (i) On
        or
        prior to the 90th day after the end of each fiscal year of the Trust Fund
        in
        which a Form 10-K is required to be filed or such earlier date as may be
        required by the Exchange Act (the “10-K Filing Deadline”) (it being understood
        that the fiscal year for the Trust Fund ends on December 31st
        of each
        year), commencing in March 2007, the Trustee shall prepare and file on behalf
        of
        the Trust Fund a Form 10-K, in form and substance as required by the Exchange
        Act. Each such Form 10-K shall include the following items, in each case
        to the
        extent they have been delivered to the Trustee within the applicable time
        frames
        set forth in this Agreement, the Servicing Agreement and Custodial Agreement,
        (i) an annual compliance statement for the Servicer, the Credit Risk Manager
        and
        any Servicing Function Participant engaged by such parties (with each of
        the
        Trustee and the Custodian, a “Reporting Servicer”) as described under Section
        3.05 and in such other agreement, (ii)(A) the annual reports on assessment
        of
        compliance with servicing criteria for each Reporting Servicer, as described
        under Section 3.04(a), and (B) if any Reporting Servicer’s report on assessment
        of compliance with servicing criteria described under Section 3.04(a) identifies
        any material instance of noncompliance, disclosure identifying such instance
        of
        noncompliance, or if any Reporting Servicer’s report on assessment of compliance
        with servicing criteria described under Section 3.04(a) is not included as
        an
        exhibit to such Form 10-K, disclosure that such report is not included and
        an
        explanation why such report is not included, (iii)(A) the registered public
        accounting firm attestation report for each Reporting Servicer, as described
        under Section 3.04(b), and (B) if any registered public accounting firm
        attestation report described under Section 3.04(b) identifies any material
        instance of noncompliance, disclosure identifying such instance of
        noncompliance, or if any such registered public accounting firm attestation
        report is not included as an exhibit to such Form 10-K, disclosure that such
        report is not included and an explanation why such report is not included,
        and
        (iv) a Sarbanes-Oxley Certification as described in Section 3.06; provided,
        however,
        that
        the Trustee and the Depositor, at its discretion, may omit from the Form
        10-K
        any annual compliance statement, assessment of compliance or attestation
        report
        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 responsible parties set forth on Exhibit O to the Depositor
        and Trustee and directed and approved by the Depositor pursuant to the following
        paragraph and the Trustee will have no duty or liability for any failure
        hereunder to determine or prepare any Additional Form 10-K Disclosure, except
        as
        set forth in the next paragraph.

      

      
        
          
          

        

        
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      (ii) As
        set
        forth on Exhibit R hereto, no later than March 10 (with a 5 calendar day
        cure
        period) of each year that the Trust Fund is subject to the Exchange Act
        reporting requirements, commencing in 2007, (i) the parties to the HarborView
        Mortgage Loan Trust 2006-10 transaction shall be required to provide to the
        Trustee and the Depositor, to the extent known by a responsible officer thereof,
        in EDGAR-compatible form (which may be Word or Excel documents easily
        convertible to EDGAR format), or in such other form as otherwise agreed upon
        by
        the Trustee 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 Seller will be responsible for any reasonable fees and expenses
        assessed or incurred by the Trustee in connection with including any Additional
        Form 10-K Disclosure in Form 10-K pursuant to this paragraph.

      

      (iii) After
        preparing the Form 10-K, the Trustee shall forward electronically a copy
        of the
        Form 10-K to the Depositor and McKee Nelson LLP. Within three Business Days
        after receipt of such copy, but no later than March 25th,
        (i) the
        Depositor shall notify the Trustee in writing of any changes to or approval
        of
        such Form 10-K and (ii) an officer of the Depositor shall execute the Form
        10-K
        and return an electronic or fax copy of such executed Form 10-K (with an
        original executed hard copy to follow by overnight mail). Upon receipt of
        the
        executed Form 10-K and in the absence of receipt of any written changes or
        approval, the Trustee shall be entitled to assume that such Form 10-K is
        in
        final form and the Trustee may proceed with the filing of the Form 10-K.
        If a
        Form 10-K cannot be filed on time or if a previously filed Form 10-K needs
        to be
        amended, the Trustee will follow the procedures set forth in subsection (d)(ii)
        of this Section 3.07. Promptly (but no later than 1 Business Day) after filing
        with the Commission, the Trustee will make available on its internet website
        at
www.ctslink.com
        a final
        executed copy of each Form 10-K filed by the Trustee. The parties to this
        Agreement acknowledge that the performance by the Depositor and the Trustee
        of
        its duties under this Section 3.07(b) related to the timely preparation,
        execution and filing of Form 10-K is contingent upon such parties (and any
        Servicing Function Participant) strictly observing all applicable deadlines
        in
        the performance of their duties under this Section 3.07(b), Section 3.06,
        Section 3.05, Section 3.04(a) and Section 3.04(b). Neither the Servicer nor
        the
        Trustee shall have any liability for any loss, expense, damage or claim arising
        out of or with respect to any failure to properly prepare, execute and/or
        timely
        file such Form 10-K, where such failure results from the Trustee’s inability or
        failure to receive, on a timely basis, any information from any other party
        hereto needed to prepare, arrange for execution or file such Form 10-K, and
        for
        any erroneous, inaccurate or incomplete information or certification provided
        to
        the Trustee, not resulting from its own negligence, bad faith or willful
        misconduct.

      

      
        
          
          

        

        
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      (iv) Form
        10-K
        requires the registrant to indicate (by checking “yes” or “no”) that it “(1) has
        filed all reports required to be filed by Section 13 or 15(d) of the Exchange
        Act during the preceding 12 months (or for such shorter period that the
        registrant was required to file such reports), and (2) has been subject to
        such
        filing requirements for the past 90 days.” The Depositor hereby represents to
        the Trustee that the Depositor has filed all such required reports during
        the
        preceding 12 months and that it has been subject to such filing requirement
        for
        the past 90 days. The Depositor shall notify the Trustee in writing, no later
        than March 15th with respect to the filing of a report on Form 10-K, if the
        answer to the questions should be “no.” The Trustee shall be entitled to rely on
        such representations in preparing and/or filing any such report.

      

      (c) Reports
        Filed on Form 8-K.

      

      (i) 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 Trustee shall prepare and file on behalf of the Trust Fund
        a Form
        8-K, as required by the Exchange Act, provided
        that the
        Depositor shall file the initial Form 8-K in connection with the issuance
        of the
        Certificates. Any disclosure or information related to a Reportable Event
        or
        that is otherwise required to be included in Form 8-K (“Form 8-K Disclosure
        Information”) shall be reported by the responsible parties set forth on Exhibit
        O to the Depositor and Trustee and directed and approved by the Depositor
        pursuant to the following paragraph and the Trustee will have no duty or
        liability for any failure hereunder to determine or prepare any Form 8-K
        Disclosure Information or any Form 8-K, except as set forth in the next
        paragraph.

      

      (ii) As
        set
        forth on Exhibit R hereto, for so long as the Trust Fund is subject to the
        Exchange Act reporting requirements, no later than noon Eastern Standard
        Time on
        the 2nd Business Day after the occurrence of a Reportable Event (i) the parties
        to the HarborView Mortgage Loan Trust 2006-10 transaction shall be required
        to
        provide to the Trustee and the Depositor, in EDGAR-compatible form (which
        may be
        Word or Excel documents easily convertible to EDGAR format), or in such other
        form as otherwise agreed upon by the Trustee and such party, the form and
        substance of any Form 8-K Disclosure Information, if applicable, together
        with
        an Additional Disclosure Notification in the form of Exhibit U hereto 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 Seller
        will be
        responsible for any reasonable fees and expenses assessed or incurred by
        the
        Trustee in connection with including any Form 8-K Disclosure Information
        in Form
        8-K pursuant to this paragraph.

      

      
        
          
          

        

        
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      (iii) After
        preparing the Form 8-K, the Trustee shall forward electronically a copy of
        the
        Form 8-K to the Depositor by noon New York City time on the 3rd Business
        Day
        after the occurrence of a Reportable Event. Promptly, but no later than the
        close of business on the third Business Day after the Reportable Event, (i)
        the
        Depositor shall notify the Trustee in writing of any change to or approval
        of
        such Form 8-K and (ii) an officer of the Depositor shall execute the Form
        8-K
        and return an electronic or fax copy of such executed Form 8-K (with an original
        executed hard copy to follow by overnight mail). Upon receipt of the executed
        Form 8-K and in the absence of receipt of any written changes or approval,
        the
        Trustee shall be entitled to assume that such Form 8-K is in final form and
        the
        Trustee may proceed with filing of 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 Trustee
        will
        follow the procedures set forth in subsection (d)(ii) of this Section 3.07.
        Promptly (but no later than 1 Business Day) after filing with the Commission,
        the Trustee will, make available on its internet website at www.ctslink.com
        a final
        executed copy of each Form 8-K filed by the Trustee. The parties to this
        Agreement acknowledge that the performance by the Depositor and the Trustee
        of
        their respective duties under this Section 3.07(c) related to the timely
        preparation, execution and filing of Form 8-K is contingent upon such parties
        strictly observing all applicable deadlines in the performance of their duties
        under this Section 3.07(c). The Trustee shall have no liability for any loss,
        expense, damage, claim arising out of or with respect to any failure to properly
        prepare, execute and/or timely file such Form 8-K, where such failure results
        from the Trustee’s inability or failure to 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.

      

      (d) Suspension
        of Reporting; Amendments; Late Filings.

      

      (i) On
        or
        prior to January 30 of the first year in which the Trust Fund is able to
        do so
        under applicable law, the Trustee shall prepare and file a Form 15 Suspension
        Notification relating to the automatic suspension of reporting in respect
        of the
        Trust Fund under the Exchange Act. 

      

      (ii) In
        the
        event that the Trustee 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 Trustee will promptly notify the Depositor and
        McKee
        Nelson LLP either via mail, e-mail or telephone. In the case of Form 10-D
        and
        10-K, the parties to this Agreement will cooperate to prepare and file a
        Form
        12b-25 and a 10-D/A and 10-K/A, as applicable, pursuant to Rule 12b-25 of
        the
        Exchange Act. In the case of Form 8-K, the Trustee shall, 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 that the Trustee has actual knowledge or has received notice that
        any
        previously filed Form 8-K, 10-D or 10-K needs to be amended in connection
        with
        any Additional Form 10-D Disclosure, any Additional Form 10-K Disclosure
        or any
        Additional Form 8-K Disclosure Information or any amendment to such disclosure
        (other than for the purpose of restating any Distribution Date Statement),
        the
        Trustee will electronically notify the Depositor and McKee Nelson LLP and
        such
        other parties to the transaction as are affected by such amendment and such
        parties will cooperate to prepare any necessary 8-KA, 10-D/A or 10-K/A. Any
        Form
        15, Form 12b-25 or any amendment to Form 8-K, Form 10-K or 10-D shall be
        signed
        by an officer of the Depositor. The parties to this Agreement acknowledge
        that
        the performance by the Depositor and the Trustee of their respective duties
        under this Section 3.07(d) related to the timely preparation, execution 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
        3.07.
        The Trustee shall not 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 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 Trustee’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, and for any erroneous, inaccurate
        or
        incomplete information or certification provided to the Trustee, not resulting
        from its own negligence, bad faith or willful misconduct.

      

      
        
          
          

        

        
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      (e) Not
        later
        than March 15 of each year (beginning in 2007) (or, if such day is not a
        Business Day, the immediately preceding Business Day), the Trustee shall
        sign
        the Trustee Certification (in the form attached hereto as Exhibit P) for
        the
        benefit of the Depositor and its officers, directors and
        affiliates.

      

      Any
        notice or notification required to be delivered by the Trustee to the Depositor
        pursuant to this Section 3.07 may be delivered via facsimile to
        (203) 618-2596 or telephonically by calling (203) 422-4284 and any notice
        or notification required to be delivered by the Trustee to McKee Nelson LLP
        pursuant to this Section 3.07, may be delivered via e-mail to
        RBSGC@mckeenelson.com.

      

      
        	 	
                SECTION
                  3.08.

              	
                Additional
                  Information.

              

      

      

      Each
        of
        the parties agrees to provide to the Trustee such additional information
        related
        to such party as the Trustee may reasonably request, including evidence of
        the
        authorization of the person signing any certification or statement, financial
        information and reports, and such other information related to such party
        or its
        performance hereunder.

      

      
        	 	
                SECTION
                  3.09.

              	
                Intention
                  of the Parties and
                  Interpretation.

              

      

      

      Each
        of
        the parties acknowledges and agrees that the purpose of Section 3.04 through
        Section 3.09 of this Agreement is to facilitate compliance by the Trustee
        and
        the Depositor with the provisions of Regulation AB promulgated by the Commission
        under the Exchange Act (17 C.F.R. §§ 229.1100 - 229.1123), as such may be
        amended from time to time and subject to such clarification and interpretive
        advice as may be issued by the staff of the Commission from time to time.
        Therefore, each of the parties agrees that (a) the obligations of the parties
        hereunder shall be interpreted in such a manner as to accomplish that purpose,
        (b) the parties’ obligations hereunder will be supplemented and modified as
        necessary to be consistent with any such amendments, interpretive advice
        or
        guidance, convention or consensus among active participants in the asset-backed
        securities markets, advice of counsel, or otherwise in respect of the
        requirements of Regulation AB, (c) the parties shall comply with the reasonable
        requests made by the Trustee or the Depositor for delivery of such additional
        or
        different information as the Trustee or the Depositor may determine in good
        faith is necessary to comply with the provisions of Regulation AB, and (d)
        no
        amendment of this Agreement shall be required to effect any such changes
        in the
        parties’ obligations as are necessary to accommodate evolving interpretations of
        the provisions of Regulation AB.

      

      
        
          
          

        

        
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                SECTION
                  3.10.

              	
                Indemnification
                  by the Trustee.

              

      

      

      (a) The
        Trustee agrees to indemnify the Depositor, its officers, directors, agents
        and
        employees for, and to hold them harmless against, any losses, damages,
        penalties, fines, forfeitures, legal fees and expenses and related costs,
        judgments, and any other costs, fees and expenses (except as otherwise provided
        herein with respect to expenses) (including reasonable legal fees and
        disbursements of counsel) incurred on their part (i) in connection with,
        arising
        out of, or relating to the Trustee’s failure to file a Form 10-D or Form 10-K in
        accordance with Section 3.07 or any failure by the Trustee to deliver any
        information, report or certification, when and as required under Section
        8.01,
        (ii) by reason of the Trustee’s willful misfeasance, reckless disregard, bad
        faith or negligence in the performance of such obligations pursuant to Section
        3.07 or (iii) any material misstatement or omission made in the Trustee
        Certification; provided,
        in each
        case, that with respect to any such claim or legal action (or pending or
        threatened claim or legal action), such indemnified Person shall have given
        the
        Trustee written notice thereof promptly after such indemnified Person shall
        have
        with respect to such claim or legal action knowledge thereof; provided,
        however,
        that
        such agreement by the Trustee to indemnify and hold harmless such Person
        shall
        not include or apply to any such losses, damages, penalties, fines, forfeitures,
        legal fees or expenses or related costs, judgments, or any other costs, fees
        or
        expenses arising from, caused by or resulting from the actions or omissions
        of
        any Person other than the Trustee, including without limitation the negligence,
        willful misfeasance, bad faith or reckless disregard of duties or obligations
        under or pursuant to this Agreement, the Servicing Agreement or other applicable
        agreement by the Depositor or the Servicer, including without limitation
        any
        erroneous, inaccurate or incomplete information or certification provided
        to the
        Trustee by the Depositor or the Servicer in connection with, or any failure
        or
        delay on the part of the Depositor or the Servicer to provide any information
        or
        certification necessary to, the Trustee’s performance under Section 3.07. If the
        indemnification provided for in this Section 3.10 is unavailable or insufficient
        to hold harmless such indemnified Persons, then the Trustee shall contribute
        to
        the amount paid or payable by such indemnified Persons as a result of the
        losses, claims, damages or liabilities of such indemnified Persons in such
        proportion as is appropriate to reflect the relative fault of the Depositor
        on
        the one hand and the Trustee on the other. This indemnity shall survive the
        resignation or removal of the Trustee and the termination of this Agreement.
        Notwithstanding the foregoing, in no event shall the Trustee be liable for
        any
        consequential, indirect or punitive damages.

      

      
        
          
          

        

        
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      (b) The
        Trust
        Fund will indemnify any Indemnified Person for any loss, liability or expense
        of
        any Indemnified Person not otherwise referred to in Subsection (a)
        above.

      

      
        	 	
                SECTION
                  3.11.

              	
                [Reserved].

              

      

      

      
        	 	
                SECTION
                  3.12.

              	
                Reporting
                  Requirements of the Commission.

              

      

      To
        the
        extent that, following the Closing Date, the content of Forms 8-K, 10-D,
        10-K,
        15 or other Forms required by the Exchange Act and the Rules and Regulations
        of
        the Commission and the time by which such Forms are required to be filed,
        differs from the provisions of this Agreement, the Trustee, the Depositor
        and
        the Seller hereby agree that each shall reasonably cooperate to amend the
        provisions of this Agreement (in accordance with Section 12.01) in order
        to
        comply with such amended reporting requirements and such amendment of this
        Agreement. Notwithstanding the foregoing, the Trustee shall be obligated
        to
        enter into any amendment pursuant to this Section that adversely affects
        its
        obligations or immunities under this Agreement.

      

      
        	 	
                SECTION
                  3.13.

              	
                Duties
                  of the Credit Risk Manager.

              

      

      

      (a) The
        Certificateholders, by their purchase and acceptance of the Certificates,
        appoint Clayton Fixed Income Services Inc., formerly known as The Murrayhill
        Company, as Credit Risk Manager. For and on behalf of the Depositor, the
        Credit
        Risk Manager will provide reports and recommendations concerning certain
        delinquent and defaulted Mortgage Loans, and as to the collection of any
        Prepayment Premiums with respect to the Mortgage Loans. Such reports and
        recommendations will be based upon information provided pursuant to the Credit
        Risk Management Agreement to the Credit Risk Manager by the Servicer. The
        Credit
        Risk Manager shall look solely to the Servicer for all information and data
        (including loss and delinquency information and data) and loan level information
        and data relating to the servicing of the Mortgage Loans and the Trustee
        shall
        not have any obligation to provide any such information to the Credit Risk
        Manager and shall not otherwise have any responsibility under the Credit
        Risk
        Management Agreement.

      

      (b) On
        or
        about the 15th calendar day of each month, the Credit Risk Manager shall
        have
        prepared and shall make available to any NIMS Insurer, the Trustee and each
        Certificateholder, the following reports (each such report to be made in
        a
        format compatible with EDGAR filing requirements):

      

      (i) Watchlist
        Report:
        A
        listing of individual Mortgage Loans that are of concern to the Credit Risk
        Manager. Each Watchlist Report shall contain a listing of Mortgage Loans
        in any
        delinquency status, including current and paid-off loans, and may contain
        the
        comments of the Credit Risk Manager in its sole discretion. The Watchlist
        Report
        shall be presented in substantially the same format attached hereto as Exhibit
        S-1;

      

      (ii) Loss
        Severity Report:
        A
        compilation and summary of all losses, indicating the loan loss severity
        for the
        Mortgage Loans. Each Loss Severity Report shall include detail of all losses
        reported by the Servicer as Realized Losses, except those for which the Servicer
        has not provided detail adequate for reporting purposes. The Loss Severity
        Report shall be presented in substantially the same format attached hereto
        as
        Exhibit S-2;

      

      
        
          
          

        

        
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      (iii) Prepayment
        Premiums Report:
        A
        summary of Prepayment Premiums assessed or waived by the Servicer. The
        Prepayment Premiums Report shall be presented in substantially the same format
        attached hereto as Exhibit S-3; and

      

      (iv) Analytics
        Report:
        Analytics Reports shall include statistical and/or graphical portrayals
        of:

      

      (A) Delinquency
        Trend:
        The
        delinquency trend, over time, of the Mortgage Loans;

      

      (B) Prepayment
        Analysis:
        The
        constant prepayment rate “CPR” experience of the Mortgage Loans;
        and

      

      (C) Standard
        Default Assumption:
        The
        Standard Default Assumption experience of the Mortgage Loans.

      

      The
        Analytics Report shall be presented in substantially the same format attached
        hereto as Exhibit S-4.

      

      The
        Credit Risk Manager shall make such reports and any additional information
        reasonably requested by the Depositor available each month to
        Certificateholders, the Trustee, any NIMS Insurer and the Rating Agencies
        via
        the Credit Risk Manager’s internet website. The Credit Risk Manager’s internet
        website shall initially be located at https://reports.clayton.com.
        The
        user name for access to the website shall be the Certificateholder’s e-mail
        address and the password shall be “Harborview 2006-10.” The Trustee shall not
        have any obligation to review such reports or otherwise monitor or supervise
        the
        activities of the Credit Risk Manager.

      

      (c) The
        Credit Risk Manager shall reasonably cooperate with the Depositor and the
        Trustee in connection with the Trust Fund’s satisfying the reporting
        requirements under the 1934 Act with respect to reports prepared by the Credit
        Risk Manager.

      

      (d) The
        Credit Risk Manager has not and shall not engage any Subcontractor without
        (a)
        giving notice to the Sponsor, the Trustee and the Depositor and (b) requiring
        any such Subcontractor to provide to the Credit Risk Manager an assessment
        report as provided for in Section 3.04(a) above and an attestation report
        as
        provided in Section 3.15(b) above, which reports the Credit Risk Manager
        shall
        include in its assessment and attestation reports.

      

      (e) By
        March
        15 of each year (or if such day is not a Business Day, the immediately preceding
        Business Day), the Credit Risk Manager shall deliver a signed certification,
        in
        the form attached hereto as Exhibit T (the “Credit Risk Manager Certification”),
        for the benefit of the Depositor, the Sponsor, the Trustee and for the benefit
        of the Person(s) signing the Form 10-K Certification; provided (i) that the
        Credit Risk Manager Certification shall be so provided by March 15 of such
        year
        only to the extent that the Trustee delivers a draft (without exhibits) of
        the
        applicable Annual Report on Form 10-K to the Credit Risk Manager by the 5th
        Business Day in March of such year and (ii) in the event that the Trustee
        delivers the draft Form 10-K referred to in clause (i) after the 5th Business
        Day in March of such year, the Credit Risk Manager shall deliver the Credit
        Risk
        Manager Certification as soon as practicable but no later than five calendar
        days of delivery to the Credit Risk Manager of such draft Form
        10-K.

      

      
        
          
          

        

        
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      (f) In
        the
        event that prior to the filing date of the Form 10-K in March of each year,
        the
        Credit Risk Manager has knowledge or information material to the Credit Risk
        Manager Certification, the Credit Risk Manager shall promptly notify the
        Depositor and the Trustee, in writing.

      

      
        	 	
                SECTION
                  3.14.

              	
                Limitation
                  Upon Liability of the Credit Risk
                  Manager.

              

      

      

      Except
        as
        provided pursuant to Section 3.15, neither the Credit Risk Manager, nor any
        of
        the directors, officers, employees or agents of the Credit Risk Manager,
        shall
        be under any liability to the Trustee, the Certificateholders or the Depositor
        for any action taken or for refraining from the taking of any action in good
        faith pursuant to this Agreement, in reliance upon information provided by
        Servicer under the Credit Risk Management Agreement or for errors in judgment;
        provided,
        however,
        that
        this provision shall not protect the Credit Risk Manager or any such person
        against liability that would otherwise be imposed by reason of willful
        malfeasance, bad faith or gross negligence in its performance of its duties
        or
        by reason of reckless disregard for its obligations and duties under this
        Agreement or the Credit Risk Management Agreement. The Credit Risk Manager
        and
        any director, officer, employee or agent of the Credit Risk Manager may rely
        in
        good faith on any document of any kind prima facie properly executed and
        submitted by any Person respecting any matters arising hereunder, and may
        rely
        in good faith upon the accuracy of information furnished by the Servicer
        pursuant to the Credit Risk Management Agreement in the performance of its
        duties thereunder and hereunder.

      

      
        	 	
                SECTION
                  3.15.

              	
                Indemnification
                  by the Credit Risk Manager.

              

      

      

      The
        Credit Risk Manager agrees to indemnify the Depositor and the Trustee, and
        each
        of their respective directors, officers, employees and agents and the Trust
        Fund
        and hold each of them harmless from and against any losses, damages, penalties,
        fines, forfeitures, legal fees and expenses and related costs, judgments,
        and
        any other costs, fees and expenses that any of them may sustain arising out
        of
        or based upon the engagement of any Subcontractor in violation of Section
        3.13(e) or any failure by the Credit Risk Manager to deliver any information,
        report, certification, accountants’ letter or other material when and as
        required under this Agreement, including any report under Sections 3.04(a)
        or
        (b).

      

      
        	 	
                SECTION
                  3.16.

              	
                Removal
                  of Credit Risk Manager.

              

      

      

      The
        Credit Risk Manager may be removed as Credit Risk Manager by Certificateholders
        holding not less than a 66-2/3% Voting Interests in the Trust, in the exercise
        of its or their sole discretion, at any time, without cause, upon ten (10)
        days
        prior written notice. The Certificateholders shall provide such written notice
        to the Trustee and upon receipt of such notice, the Trustee shall provide
        written notice to the Credit Risk Manager of its removal, effective upon
        receipt
        of such notice.

      

      
        
          
          

        

        
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      ARTICLE
        IV

      

      ACCOUNTS

      

      
        	 	
                SECTION
                  4.01.

              	
                Servicing
                  Accounts.

              

      

      

      (a) The
        Servicer shall establish and maintain one or more custodial accounts (the
        “Servicing Accounts”) in accordance with the Servicing Agreement, with records
        to be kept with respect thereto on a Mortgage Loan by Mortgage Loan basis,
        into
        which accounts shall be deposited within 48 hours (or as of such other time
        specified in the Servicing Agreement) of receipt all collections of principal
        and interest on any Mortgage Loan and with respect to any REO Property received
        by the Servicer, including Principal Prepayments, Prepayment Penalty Amounts,
        Insurance Proceeds, Liquidation Proceeds, Recoveries and advances made from
        the
        Servicer’s own funds (less, in the case of the Servicer, the applicable
        servicing compensation, in whatever form and amounts as permitted by the
        Servicing Agreement) and all other amounts to be deposited in each such
        Servicing Account. The Servicer is hereby authorized to make withdrawals
        from
        and deposits to the Servicing Account for purposes required or permitted
        by this
        Agreement and the Servicing Agreement. For the purposes of this Agreement,
        Servicing Accounts shall also include such other accounts as the Servicer
        maintains for the escrow of certain payments, such as taxes and insurance,
        with
        respect to certain Mortgaged Properties. The Servicing Agreement sets forth
        the
        criteria for the segregation, maintenance and investment of each Servicing
        Account, the contents of which are acceptable to the parties hereto as of
        the
        date hereof and changes to which shall not be made unless such changes are
        made
        in accordance with the provisions of Section 12.01 hereof. 

      

      (b) To
        the
        extent provided in the Servicing Agreement and subject to this Article IV,
        on or
        before each Servicer Remittance Date, the Servicer shall withdraw or shall
        cause
        to be withdrawn from the Servicing Accounts and shall immediately remit or
        cause
        to be remitted to the Trustee for deposit into the Distribution Account amounts
        representing the following collections and payments (other than with respect
        to
        principal of or interest on the Mortgage Loans due on or before the Cut-off
        Date) with respect to each of the Mortgage Loans it is servicing:

      

      (i) Monthly
        Payments on the Mortgage Loans received or any related portion thereof advanced
        by the Servicer pursuant to the Servicing Agreement which were due on or
        before
        the related Due Date, net of the amount thereof comprising the Servicing
        Fees
        and Lender Paid Mortgage Insurance Fees, if any;

      

      (ii) Principal
        Prepayments in full and any Liquidation Proceeds received by the Servicer
        with
        respect to such Mortgage Loans in the related Prepayment Period, with interest
        to the date of prepayment or liquidation, net of the amount thereof comprising
        the Servicing Fees and any Recoveries received in the related Prepayment
        Period;

      

      (iii) Principal
        Prepayments in part received by the Servicer for such Mortgage Loans in the
        related Prepayment Period; 

      

      (iv) Prepayment
        Penalty Amounts, if any; and

      

      
        
          
          

        

        
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      (v) any
        amount to be used as a delinquency advance or to pay any Interest Shortfalls,
        in
        each case, as required to be paid under the Servicing Agreement. 

      

      (c) Withdrawals
        may be made from a Servicing Account only to make remittances as provided
        in
        Section 4.01(b), to reimburse the Servicer for Advances which have been
        recovered by subsequent collection from the related Mortgagor; to remove
        amounts
        deposited in error, to remove fees, charges or other such amounts deposited
        on a
        temporary basis, or to clear and terminate the account at the termination
        of
        this Agreement in accordance with Section 10.01, or as otherwise provided
        in the
        Servicing Agreement. As provided in Section 4.01(b), certain amounts otherwise
        due to the Servicer may be retained by them and need not be remitted to the
        Trustee.

      

      
        	 	
                SECTION
                  4.02.

              	
                Distribution
                  Account. 

              

      

      

      (a) The
        Trustee shall establish and maintain an account, for the benefit of the
        Certificateholders and the Certificate Insurer, as a segregated, non-interest
        bearing trust account which shall be an Eligible Account (the “Distribution
        Account”). The Distribution Account shall constitute a trust account of the
        Trust Fund segregated on the books of the Trustee and held by the Trustee
        in
        trust in its Corporate Trust Office, and the Distribution Account and the
        funds
        deposited therein shall not be subject to, and shall be protected from, all
        claims, liens, and encumbrances of any creditors or depositors of the Trustee
        (whether made directly, or indirectly through a liquidator or receiver of
        the
        Trustee). All Permitted Investments shall mature or be subject to redemption
        or
        withdrawal on or before, and shall be held until, the immediately succeeding
        Distribution Date. The Trustee or their affiliates are permitted to receive
        additional compensation that could be deemed to be in their economic
        self-interest for (i) serving as investment adviser, administrator, servicing
        agent, custodian or sub-custodian with respect to certain of the Permitted
        Investments, (ii) using affiliates to effect transactions in certain Permitted
        Investments and (iii) effecting transactions in certain Permitted Investments.
        The Trustee shall, promptly upon receipt from the Servicer on the Servicer
        Remittance Date deposit into the Distribution Account and retain on deposit
        until the related Distribution Date, the following amounts:

      

      (i) any
        amounts withdrawn from a Servicing Account pursuant to Section 4.01(b) and
        the
        Servicing Agreement and remitted to the Trustee; 

      

      (ii) any
        amounts required to be deposited by the Trustee with respect to the Mortgage
        Loans pursuant to this Agreement;

      

      (iii) the
        Purchase Price with respect to any Mortgage Loans purchased by the Seller
        or the
        Originator under this Agreement or the Purchase Agreement, as applicable,
        any
        Substitution Adjustments pursuant to Section 2.03 of this Agreement, any
        purchase price paid by any NIMS Insurer for the purchase of any Distressed
        Mortgage Loan under Section 10.03, and all proceeds of any Mortgage Loans
        or
        property acquired with respect thereto purchased by the Terminator pursuant
        to
        Section 10.01;

      

      (iv) any
        amounts required to be deposited with respect to losses on investments of
        deposits in the Distribution Account; and

      

      
        
          
          

        

        
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      (v) any
        other
        amounts so required to be deposited in the Distribution Account pursuant
        to this
        Agreement.

      

      (b) All
        amounts deposited to the Distribution Account shall be held by the Trustee
        in
        trust for the benefit of the Certificateholders and the Certificate Insurer
        in
        accordance with the terms and provisions of this Agreement. The requirements
        for
        crediting the Distribution Account shall be exclusive, it being understood
        and
        agreed that, without limiting the generality of the foregoing, payments in
        the
        nature of (i) late payment charges or assumption fees, tax service fees,
        statement account charges or payoff charges, substitution, satisfaction,
        release
        and other like fees and charges and (ii) the items enumerated in Subsections
        4.03(a)(i) through (viii) and (xii) with respect to the Servicer, need not
        be
        remitted by the Servicer to the Trustee. In the event that the Servicer has
        remitted to the Trustee any amount not required to be credited to the
        Distribution Account, the Servicer may at any time, by delivery of a written
        request signed by a Servicing Officer of the deposited in error, direct the
        Trustee to withdraw such amount from the Distribution Account for repayment
        to
        the Servicer. In the event that the Trustee has deposited to the Distribution
        Account any amount not required to be credited thereto, it may at any time,
        withdraw such amount from the Distribution Account.

      

      (c) The
        amount at any time credited to the Distribution Account shall, if invested,
        be
        invested at the direction of the Trustee, in the name of the Trustee, or
        its
        nominee, for the benefit of the Certificateholders and the Certificate Insurer,
        in Permitted Investments as follows. All Permitted Investments and investment
        income with respect to the investment of funds in the Distribution Account
        shall
        be for the benefit of the Trustee on behalf of the Certificateholders and
        the
        Certificate Insurer. All Permitted Investments shall mature or be subject
        to
        redemption or withdrawal on or before, and shall be held until, the Business
        Day
        prior to the next succeeding Distribution Date (except that if such Permitted
        Investment is an obligation of the Trustee, then such Permitted Investment
        shall
        mature not later than such applicable Distribution Date). Any and all investment
        earnings from such Permitted Investments shall be paid to the Trustee, and
        the
        risk of loss of moneys resulting from such investments shall be borne by
        and be
        the risk of the Trustee. The Trustee shall deposit the amount of any such
        loss
        in the Distribution Account within two Business Days of receipt of notification
        of such loss but not later than the next succeeding Distribution
        Date.

      

      
        	 	
                SECTION
                  4.03.

              	
                Permitted
                  Withdrawals and Transfers from the Distribution
                  Account.

              

      

      

      (a) The
        Trustee shall, from time to time, withdraw or transfer funds from the
        Distribution Account to the Servicer, to the Certificate Insurer or to itself
        for the following purposes:

      

      (i) to
        reimburse the Servicer for any Advance of its own funds, the right of the
        Servicer to reimbursement pursuant to this subclause (i) being limited to
        amounts received on a particular Mortgage Loan (including, for this purpose,
        the
        Purchase Price therefor, Insurance Proceeds, Liquidation Proceeds and the
        Termination Price) which represent late payments or recoveries of the principal
        of or interest on such Mortgage Loan respecting which such Advance was
        made;

      

      
        
          
          

        

        
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      (ii) to
        reimburse the Servicer from Insurance Proceeds or Liquidation Proceeds relating
        to a particular Mortgage Loan for amounts expended by the Servicer in good
        faith
        in connection with the restoration of the related Mortgaged Property which
        was
        damaged by an Uninsured Cause or in connection with the liquidation of such
        Mortgage Loan;

      

      (iii) to
        reimburse the Servicer from Insurance Proceeds relating to a particular Mortgage
        Loan for insured expenses incurred with respect to such Mortgage Loan and
        to
        reimburse the Servicer from Liquidation Proceeds from a particular Mortgage
        Loan
        for Liquidation Expenses incurred with respect to such Mortgage Loan;

      

      (iv) to
        pay
        the Servicer, as appropriate, from Liquidation Proceeds or Insurance Proceeds
        received in connection with the liquidation of any Mortgage Loan, the amount
        which the Servicer would have been entitled to receive under subclause (xii)
        of
        this Subsection 4.03(a) as servicing compensation on account of each defaulted
        scheduled payment on such Mortgage Loan if paid in a timely manner by the
        related Mortgagor;

      

      (v) to
        pay
        the Servicer from the Purchase Price for any Mortgage Loan, the amount which
        the
        Servicer would have been entitled to receive under subclause (xii) of this
        Subsection 4.03(a) as servicing compensation;

      

      (vi) to
        reimburse the Servicer for servicing related advances of funds, the right
        to
        reimbursement pursuant to this subclause being limited to amounts received
        on
        the related Mortgage Loan (including, for this purpose, the Purchase Price
        therefor, Insurance Proceeds and Liquidation Proceeds) which represent late
        recoveries of the payments for which such servicing advances were
        made;

      

      (vii) to
        reimburse the Servicer for any Advance after a Realized Loss has been allocated
        with respect to the related Mortgage Loan if the Advance has not been reimbursed
        pursuant to clauses (i) and (vi);

      

      (viii) to
        pay
        the Servicer its monthly Servicing Fee and any other servicing compensation
        payable pursuant to the Servicing Agreement;

      

      (ix) to
        pay
        the Trustee any investment income;

      

      (x) to
        pay
        the Credit Risk Manager the Credit Risk Manager Fee;

      

      (xi) to
        pay
        the Custodial Fee and any other fees, expenses or amounts payable to Deutsche
        Bank National Trust Company as Custodian;

      

      (xii) to
        reimburse or pay the Servicer any such amounts as are due thereto under the
        Servicing Agreement and have not been retained by or paid to the Servicer,
        to
        the extent provided in the Servicing Agreement;

      

      
        
          
          

        

        
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      (xiii) to
        reimburse the Trustee for expenses, costs and liabilities incurred by or
        reimbursable to it pursuant to Sections 8.05, 8.17 or 8.18 (including those
        related the Custodial Agreement);

      

      (xiv) to
        reimburse the Administrator for expenses, costs and liabilities incurred
        by or
        reimbursable to it pursuant to Section 8.19;

      

      (xv) to
        pay
        the Certificate Insurer, the Aggregate Premium Amount;

      

      (xvi) to
        remove
        amounts deposited in error;

      

      (xvii) to
        reimburse the Administrator for expenses, costs and liabilities incurred
        by or
        reimbursable to it as a result of the performance of its duties under the
        Yield
        Maintenance Allocation Agreement and the Yield Maintenance Agreement pursuant
        to
        Section 8.19; and

      

      (xviii) to
        clear
        and terminate the Distribution Account pursuant to Section 10.01.

      

      (b) The
        Trustee shall keep and maintain separate accounting, on a Mortgage Loan by
        Mortgage Loan basis, for the purpose of accounting for any payments or
        reimbursements from the Distribution Account pursuant to subclauses (i) through
        (viii), inclusive and (xi) or with respect to any such amounts which would
        have
        been covered by such subclauses had the amounts not been retained by the
        Trustee
        without being deposited in the Distribution Account under Section
        4.02(b).

      

      (c) In
        order
        to comply with its duties under the USA PATRIOT Act of 2001, the Trustee
        shall
        obtain and verify certain information and documentation from the other parties
        hereto, including, but not limited to, each such party’s name, address and other
        identifying information.

      

      (d) On
        each
        Distribution Date, the Trustee, as Paying Agent, shall withdraw funds on
        deposit
        in the Distribution Account to the extent of the aggregate Available Funds
        and
        distribute such amounts to the Holders of the Certificates and any other
        parties
        entitled thereto in accordance with Section 5.01.

      

      
        	 	
                SECTION
                  4.04.

              	
                [Reserved].

              

      

      

      SECTION
        4.05. Financial
        Guaranty Insurance Policy.

      

      (a) The
        Trustee shall cause to be established and maintained the Policy Account,
        into
        which amounts received by the Trustee pursuant to the Financial Guaranty
        Insurance Policy shall be deposited for the benefit of the Insured Certificates.
        Amounts on deposit in the Policy Account shall not be invested and shall
        not be
        held in an interest-bearing account. The Policy Account shall be opened by
        the
        Trustee upon receipt of the first payment on the Financial Guaranty Insurance
        Policy.

      

      
        
          
          

        

        
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      (b) As
        soon
        as possible, and in no event later than 12:00 noon New York time on the second
        Business Day immediately preceding any Distribution Date, the Trustee shall
        furnish the Certificate Insurer and the Servicer with a completed Notice
        in the
        form set forth as Exhibit A to the Endorsement to the Financial Guaranty
        Insurance Policy in the event that there is a Deficiency Amount with respect
        to
        the Holders of the Insured Certificates, on such Distribution Date; provided,
        however,
        that if
        such Distribution Date is the Final Distribution Date, the Notice shall also
        include the outstanding Class Principal Balances of the Insured Certificates,
        after giving effect to all payments of principal on each Class of Insured
        Certificates on such Final Distribution Date, other than pursuant to the
        Financial Guaranty Insurance Policy. The Notice shall specify the amount
        of
        Insured Amounts for the each Class of Insured Certificate and shall constitute
        a
        claim for an Insured Amount pursuant to the Financial Guaranty Insurance
        Policy.

      

      (c) Upon
        receipt of an Insured Amount from the Certificate Insurer on behalf of the
        Holders of the Insured Certificates, the Trustee shall deposit such Insured
        Amount into the Policy Account. All such amounts on deposit in the Policy
        Account shall remain uninvested. 

      

      (d) The
        Trustee shall include on each Distribution Date any Insured Amounts received
        by
        it from or on behalf of the Certificate Insurer for such Distribution Date
        (i)
        in the amount distributed to the Holders of the Insured Certificates pursuant
        to
        Section 5.01 and (ii) in the amount deemed to have been distributed to the
        Class
        1A-1B and Class 2A-1C regular interests and deposited for their benefit into
        the
        Distribution Account. If on any Distribution Date the Trustee determines
        that
        the Certificate Insurer has paid more under the Financial Guaranty Insurance
        Policy than is required by the terms thereof, the Trustee shall promptly
        return
        the excess amount to the Certificate Insurer.

      

      (e) The
        Trustee shall (i) receive as attorney-in-fact of the Holders of the Insured
        Certificates any Insured Amount delivered to it by the Certificate Insurer
        for
        payment to such Holders and (ii) distribute such Insured Amount to such Holders
        as set forth in Section 5.01. Insured Amounts disbursed by the Trustee from
        proceeds of the Financial Guaranty Insurance Policy shall not be considered
        payment by the Trust Fund with respect to the Insured Certificates, nor shall
        such disbursement of Insured Amounts discharge the obligations of the Trust
        Fund
        with respect to the amounts thereof, and the Certificate Insurer shall become
        owner of such amounts to the extent covered by such Insured Amounts as the
        deemed assignee of such Holders. The Trustee hereby agrees on behalf of the
        Holders of the Insured Certificates (and each such Holder, by its acceptance
        of
        its Insured Certificates, hereby agrees) for the benefit of the Certificate
        Insurer that, to the extent the Certificate Insurer pays any Insured Amount,
        either directly or indirectly (as by paying through the Trustee), to any
        Holder
        of an Insured Certificates, the Certificate Insurer will be entitled to be
        subrogated to any rights of such Holder to receive the amounts for which
        such
        Insured Amount was paid, to the extent of such payment, and will be entitled
        to
        receive the Certificate Insurer Reimbursement Amount as set forth in Section
        5.01. The Trustee as attorney-in-fact of the Holders of the Insured Certificates
        shall assign to the Certificate Insurer the rights of such Holder with respect
        to the Class 1A-1B and Class 2A-1C Certificates to the extent of such Insured
        Amount until the Certificate Insurer has been fully reimbursed therefore
        in
        accordance with the terms of the Financial Guaranty Insurance Policy. To
        evidence such subrogation, the Trustee shall note the Certificate Insurer’s
        rights as subrogee upon the register of Certificateholders upon receipt from
        the
        Certificate Insurer of proof of payment of any Insured Amount.

      

      
        
          
          

        

        
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      (f) At
        the
        end of the Term of the Financial Guaranty Insurance Policy (as defined in
        the
        Financial Guaranty Insurance Policy), the Trustee shall return the Financial
        Guaranty Insurance Policy to the Certificate Insurer for
        cancellation.

      

      ARTICLE
        V

      

      FLOW
        OF FUNDS

      

      
        	 	
                SECTION
                  5.01.

              	
                Distributions.

              

      

      

      (a) Distributions
        From Available Funds.
        On each
        Distribution Date and after making any withdrawals from the Distribution
        Account
        pursuant to Section 4.03(a), the Trustee, as Paying Agent, shall withdraw
        funds
        on deposit in the Distribution Account to the extent of Available Funds for
        each
        Loan Group for such Distribution Date and, based on the Distribution Date
        Statement, make the following disbursements and transfers as set forth
        below:

      

      (i) The
        Interest Remittance Amount and, solely to the extent of Deferred Interest
        for
        such Distribution Date, Principal Prepayments for each Loan Group shall be
        distributed on each Distribution Date other than on the Distribution Date
        following the optional purchase of the Mortgage Loans by the Terminator pursuant
        to Section 10.01(a) in the following order of priority:

      

      (A) from
        the
        Interest Remittance Amount and Principal Prepayments related to the Group
        1
        Mortgage Loans, in the following priority:

      

      (1) first,
        to
        the Final Maturity Reserve Account, the Group 1 Final Maturity Reserve Amount,
        if any, for that Distribution Date;

      

      (2) second,
        to the Final Maturity Reserve Account, the Group 2 Final Maturity Reserve
        Amount, if any for that Distribution Date, to the extent not paid pursuant
        to
        clause (B)(1) below;

      

      (3) third,
        concurrently, on a pro
        rata
        basis,
        to the Holders of the Class 1A-1A and Class 1A-1B Certificates, the related
        Monthly Interest Distributable Amount and the Unpaid Interest Shortfall Amount,
        if any, to which each such Class is entitled; and

      

      (4) fourth,
        concurrently, on a pro
        rata
        basis,
        to the Holders of the Class 2A-1A, Class 2A-1B and Class 2A-1C Certificates,
        the
        related Monthly Interest Distributable Amount and the Unpaid Interest Shortfall
        Amount, if any, to which each such Class is entitled, to the extent not paid
        pursuant to clause (B)(3) below;

      

      (B) the
        Interest Remittance Amount and Principal Prepayments related to the Group
        2
        Mortgage Loans, in the following priority:

      

      (1) first,
        to
        the Final Maturity Reserve Account, the Group 2 Final Maturity Reserve Amount,
        if any, for that Distribution date;

      

      
        
          
          

        

        
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      (2) second,
        to the Final Maturity Reserve Account, the Group 1 Final Maturity Reserve
        Amount, if any for that Distribution Date, to the extent not paid pursuant
        to
        clause (A)(1) above;

      

      (3) third,
        concurrently, on a pro
        rata
        basis,
        to the Holders of the Class 2A-1A, Class 2A-1B and Class 2A-1C Certificates,
        the
        related Monthly Interest Distributable Amount and the Unpaid Interest Shortfall
        Amount, if any, to which each such Class is entitled; and

      

      (4) fourth,
        concurrently, on a pro
        rata
        basis,
        to the Holders of the Class 1A-1A and Class 1A-1B Certificates, the related
        Monthly Interest Distributable Amount and the Unpaid Interest Shortfall Amount,
        if any, to which each such Class is entitled, to the extent not paid pursuant
        to
        clause (A)(3) above;

      

      (C) from
        the
        remaining Interest Remittance Amounts and Principal Prepayments for both
        Loan
        Groups, reimbursement amounts owed to the Certificate Insurer;

      

      (D) from
        the
        remaining Interest Remittance Amounts and Principal Prepayments for both
        Loan
        Groups, to the Holders of the Class B-1 Certificates, the related Monthly
        Interest Distributable Amount;

      

      (E) from
        the
        remaining Interest Remittance Amounts and Principal Prepayments for both
        Loan
        Groups, to the Holders of the Class B-2 Certificates, the related Monthly
        Interest Distributable Amount; 

      

      (F) from
        the
        remaining Interest Remittance Amounts and Principal Prepayments for both
        Loan
        Groups, to the Holders of the Class B-3 Certificates, the related Monthly
        Interest Distributable Amount;

      

      (G) from
        the
        remaining Interest Remittance Amounts and Principal Prepayments for both
        Loan
        Groups, to the Holders of the Class B-4 Certificates, the related Monthly
        Interest Distributable Amount;

      

      (H) from
        the
        remaining Interest Remittance Amounts and Principal Prepayments for both
        Loan
        Groups, to the Holders of the Class B-5 Certificates, the related Monthly
        Interest Distributable Amount; 

      

      (I) from
        the
        remaining Interest Remittance Amounts and Principal Prepayments for both
        Loan
        Groups, to the Holders of the Class B-6 Certificates, the related Monthly
        Interest Distributable Amount;

      

      (J) from
        the
        remaining Interest Remittance Amounts and Principal Prepayments for both
        Loan
        Groups, to the Holders of the Class B-7 Certificates, the related Monthly
        Interest Distributable Amount; and

      

      
        
          
          

        

        
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      (K) for
        application as part of Net Monthly Excess Cashflow for such Distribution
        Date,
        as described under Section 5.01(a)(iv) below;

      

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

      

      (A) from
        the
        related Principal Distribution Amount for the related Loan Group, concurrently
        as follows:

      

      (1) from
        the
        Principal Distribution Amount related to the Group 1 Mortgage Loans, in the
        following order of priority:

      

      (a) first,
        to
        the Final Maturity Reserve Account, the Group 1 Final Maturity Reserve Amount,
        if any, for that Distribution Date remaining unpaid after giving effect to
        the
        distribution under clauses (a)(i)(A)(1) and (a)(i)(B)(2) above;

      

      (b) to
        the
        Class 1A-1A and Class 1A-1B Certificates, pro
        rata based
        on
        their Certificate Principal Balances immediately prior to such Distribution
        Date, until their respective Certificate Principal Balances are reduced to
        zero;
        and

      

      (c) for
        application pursuant to clause (B) below, any amount remaining.

      

      (2) from
        the
        Principal Distribution Amount related to the Group 2 Mortgage Loans, in the
        following order of priority:

      

      (a) first,
        to
        the Final Maturity Reserve Account, the Group 2 Final Maturity Reserve Amount,
        if any, for that Distribution Date remaining unpaid after giving effect to
        the
        distribution under clauses (a)(i)(A)(2) and (a)(i)(B)(1) above;

      

      (b) to
        the
        Class 2A-1A, Class 2A-1B1 and Class 2A-1C Certificates, pro
        rata
        based on
        their respective Certificate Principal Balances immediately prior to such
        Distribution Date, until their respective Certificate Principal Balances
        are
        reduced to zero; and

      

      (c) for
        application pursuant to clause (B) below, any amount remaining.

      

      (B) from
        the
        Principal Distribution Amount for both Loan Groups, to the Certificate Insurer,
        any Certificate Insurer Reimbursement Amounts due to the Certificate
        Insurer;

      

      (C) from
        the
        Principal Distribution Amount for both Loan Groups

      

      
        
          
          

        

        
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      (1) to
        the
        Holders of the Class B-1 Certificates, until the Certificate Principal Balance
        thereof has been reduced to zero;

      

      (2) to
        the
        Holders of the Class B-2 Certificates, until the Certificate Principal Balance
        thereof has been reduced to zero; 

      

      (3) to
        the
        Holders of the Class B-3 Certificates, until the Certificate Principal Balance
        thereof has been reduced to zero;

      

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

      

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

      

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

      

      (7) to
        the
        Holders of the Class B-7 Certificates, until the Certificate Principal Balance
        thereof has been reduced to zero; and

      

      (8) for
        application as part of Net Monthly Excess Cashflow for such Distribution
        Date,
        as described under Section 5.01(a)(iv) below.

      

      (iii) On
        each
        Distribution Date (a) on or after the applicable Stepdown Date and (b) on
        which
        a Trigger Event is not in effect, distributions in respect of principal to
        the
        extent of the Principal Distribution Amount for each Loan Group will be
        distributed in the following amounts and order of priority:

      

      (A) from
        the
        Senior Principal Distribution Amount for the related Loan Group, concurrently
        as
        follows:

      

      (1) the
        Group
        1 Principal Distribution Amount will be distributed in the following order
        of
        priority:

      

      (a) first,
        to
        the Final Maturity Reserve Account, the Group 1 Final Maturity Reserve Amount,
        if any, for that Distribution Date remaining unpaid after giving effect to
        the
        distribution under clauses (a)(i)(A)(1) and (a)(i)(B)(2) above;

      

      (b) to
        the
        Class 1A-1A and Class 1A-1B Certificates, pro
        rata based
        on
        their Certificate Principal Balances immediately prior to such Distribution
        Date, until their respective Certificate Principal Balances are reduced to
        zero;
        and

      

      (c) for
        application pursuant to clause (B) below, any amount remaining undistributed
        for
        such Distribution Date.

      

      
        
          
          

        

        
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      (2) the
        Group
        2 Principal Distribution Amount will be distributed in the following order
        of
        priority:

      

      (a) first,
        to
        the Final Maturity Reserve Account, the Group 1 Final Maturity Reserve Amount,
        if any, for that Distribution Date remaining unpaid after giving effect to
        the
        distribution under clauses (a)(i)(A)(2) and (a)(i)(B)(1) above;

      

      (b) to
        the
        Class 2A-1A, Class 2A-1B and Class 2A-1C Certificates, pro
        rata
        based on
        their respective Certificate Principal Balances immediately prior to such
        Distribution Date, until their respective Certificate Principal Balances
        are
        reduced to zero; and 

      

      (c) for
        application pursuant to clause (B) below, any amount remaining undistributed
        for
        such Distribution Date.

      

      (B) to
        the
        Certificate Insurer any Certificate Insurer Reimbursement Amounts due to
        the
        Certificate Insurer; and

      

      (C) from
        the
        Principal Distribution Amount for both Loan Groups

      

      (1) to
        the
        Holders of the Class B-1 Certificates, the Class B-1 Principal Distribution
        Amount;

      

      (2) to
        the
        Holders of the Class B-2 Certificates, the Class B-2 Principal Distribution
        Amount

      

      (3) to
        the
        Holders of the Class B-3 Certificates, the Class B-3 Principal Distribution
        Amount;

      

      (4) to
        the
        Holders of the Class B-4 Certificates, the Class B-4 Principal Distribution
        Amount;

      

      (5) to
        the
        Holders of the Class B-5 Certificates, the Class B-5 Principal Distribution
        Amount; 

      

      (6) to
        the
        Holders of the Class B-6 Certificates, the Class B-6 Principal Distribution
        Amount

      

      (7) to
        the
        Holders of the Class B-7 Certificates, the Class B-7 Principal Distribution
        Amount; and

      

      (8) for
        application as part of Net Monthly Excess Cashflow for such Distribution
        Date,
        as described under Section 5.01(a)(iv) below.

      

      (iv) On
        each
        Distribution Date, other than the Distribution Date following the optional
        purchase of the Mortgage Loans pursuant to Section 10.01, the Net Monthly
        Excess
        Cashflow shall be distributed as follows:

      

      
        
          
          

        

        
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      (A) to
        the
        Holders of the Class or Classes of Certificates then entitled to receive
        distributions in respect of principal, in an amount equal to the principal
        portion of Realized Losses previously allocated to reduce the Class Principal
        Balance of such certificates, pro
        rata,
        to each
        such Class based on the Class Principal Balance of each such Certificate
        prior
        to such Distribution Date as a distribution in respect of principal, but
        only to
        the extent of Recoveries for that Distribution Date:

      

      (B) as
        part
        of the Principal Distribution Amount, to pay to the Holders of the Senior
        Certificates and the Subordinate Certificates in reduction of their Class
        Principal Balances, the principal portion of Realized Losses incurred on
        the
        Mortgage Loans in the preceding calendar month; pro
        rata,
        to each
        such Class based on the Class Principal Balance of each such Certificate
        prior
        to such Distribution Date as a distribution in respect of
        principal;

      

      (C) to
        the
        Holders of the Class or Classes of Certificates then entitled to receive
        distributions in respect of principal, in an amount equal to any Extra Principal
        Distribution Amount, pro
        rata,
        to each
        such Class based on the Class Principal Balance of each such Certificate
        prior
        to such Distribution Date as a distribution in respect of
        principal;

      

      (D) to
        the
        Holders of the Senior Certificates and the Subordinate Certificates, the
        amount
        of any Interest Shortfalls computed without regard to any Relief Act Reductions
        allocated thereto for such Distribution Date, on a pro
        rata
        basis
        based on Interest Shortfalls allocated thereto, to the extent not covered
        by the
        Servicing Fee on that Distribution Date; 

      

      (E) to
        the
        Holders of the Senior Certificates and the Subordinate Certificates, any
        Interest Shortfalls remaining unpaid from prior Distribution Dates together
        with
        interest thereon, on a pro
        rata
        basis
        based on unpaid Interest Shortfalls computed without regard to any Relief
        Act
        Reductions previously allocated thereto;

      

      (F) to
        the
        Basis Risk Reserve Fund, the Required Reserve Fund Deposit, if any, and then
        from the Basis Risk Reserve Fund to the Holders of the Senior Certificates,
        pro
        rata,
        and
        then to the Holders of the Subordinate Certificates, sequentially, in that
        order, the amount of any Basis Risk Shortfall remaining unpaid as of such
        Distribution Date;

      

      (G) to
        the
        Holders of the Senior Certificates and the Subordinate Certificates, in an
        amount equal to any Interest Shortfalls resulting from Relief Act Reductions
        for
        such Distribution Date, pro
        rata,
        based
        on the amount of Interest Shortfalls resulting from Relief Act Reductions
        allocated to each Class for such Distribution Date;

      

      
        
          
          

        

        
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      (H) to
        the
        Holders of the Senior Certificates, pro
        rata,
        and
        then to the Holders of the Subordinate Certificates, sequentially, in that
        order, the principal portion of any Allocated Realized Loss Amounts remaining
        unreimbursed;

      

      (I) to
        the
        Holders of the Class C Certificates, the Class C Distributable Amount on
        the
        Final Distribution Date; and

      

      (J) to
        the
        Holder of the Class R Certificate, any Available Funds, other than any portion
        thereof in respect of Premium Proceeds, then remaining.

      

      (v) On
        the
        Distribution Date following the optional purchase of the Mortgage Loans pursuant
        to Section 10.01, Available Funds will be applied in the amounts and in the
        order specified above, except the Holders of the Class C Certificates shall
        be entitled to any Premium Proceeds.

      

      (vi) With
        respect to any Distribution Date and Insured Amounts, the Trustee shall make
        payments pursuant to Sections 5.01(a)(i), 5.01(a)(ii) and 5.01(a)(iii), after
        application of Available Funds, with respect to the Insured Certificates,
        from
        the amount received by the Trustee under the Financial Guaranty Insurance
        Policy
        for such Distribution Date pursuant to Section 4.02. Funds received by the
        Trustee as a result of any claim under the Financial Guaranty Insurance Policy
        shall be applied solely to payments to the Insured Certificateholders and
        may
        not be applied to satisfy any other Classes of Certificates or costs, expenses
        or liabilities of the Servicer, the Trustee or the Trust Fund.

      

      (b) Amounts
        to be paid to the Holders of a Class of Certificates shall be payable with
        respect to all Certificates of that Class, pro
        rata,
        based
        on the Certificate Principal Balance of each Certificate of that
        Class.

      

      (c) [Reserved]

      

      (d) Notwithstanding
        the priorities and allocations set forth in Section 5.01(a) above, if on
        any
        Distribution Date on which the Senior Certificates related to a Loan Group
        constitute an Undercollateralized Group, all amounts otherwise distributable
        as
        Available Funds on the Subordinate Certificates, in reverse order of priority
        (or, following the Senior Credit Support Depletion Date, such other amounts
        described in the immediately following sentence), will be distributed as
        principal to the Senior Certificates of such Undercollateralized Group in
        the
        same order and priority and allocation provided in Section 5.01(a), first,
        up to
        the sum of the Accrued Interest Amount and the Principal Deficiency Amount
        for
        the Undercollateralized Group (such distribution, an “Undercollateralization
        Distribution”) and second, to pay to the Subordinate Certificates and the
        Residual Certificates in the same order and priority as provided in Section
        5.01(a)(ii), (iii) and (iv). In the event that the Senior Certificates related
        to a Loan Group constitute an Undercollateralized Group on any Distribution
        Date
        following the Senior Credit Support Depletion Date, Undercollateralization
        Distributions will be made from any Available Funds from the Loan Group not
        related to an Undercollateralized Group remaining after all required amounts
        have been distributed to the related Class of Senior Certificates related
        to
        such other Loan Group. Undercollateralization Distributions will be applied
        first to pay accrued but unpaid interest, if any, and second to pay principal
        in
        the same priority and allocation provided in Section 5.01(a).

      

      
        
          
          

        

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

      

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

      

      (g) Distributions
        from Final Maturity Reserve Account.
        On the
        Final Maturity Reserve Termination Date, the Trustee shall distribute the
        funds
        on deposit in the Final Maturity Reserve Account on such date in the following
        order of priority:

      

      (i) to
        the
        Class 1A-1A, Class 1A-1B, Class 2A-1A, Class 2A-1B and Class 2A-1C Certificates,
        pro
        rata,
        after
        giving effect to principal distributions on such Distribution Date pursuant
        to
        Sections 5.01(a)(ii) or (iii) above, as applicable, in reduction of their
        respective Class Principal Balances, until the Class Principal Balance of
        each
        such Class has been reduced to zero;

      

      (ii) to
        the
        Certificate Insurer, any reimbursement amounts due to the Certificate Insurer
        in
        respect of principal;

      

      (iii) to
        the
        Class B-1, Class B-2, Class B-3, Class B-4, Class B-5, Class B-6 and Class
        B-7
        Certificates, sequentially, in that order, after giving effect to principal
        distributions on such Distribution Date pursuant to Sections 5.01(a)(ii)
        or
        (iii) above, as applicable, in reduction of their respective Class Principal
        Balances, until the Class Principal Balance of each such class has been reduced
        to zero;

      

      (iv) to
        the
        Class 1A-1A, Class 1A-1B, Class 2A-1A, Class 2A-1B and Class 2A-1C Certificates,
        pro
        rata,
        any
        Interest Distributable Amounts for each such Class remaining unpaid on such
        Distribution Date, in the same priorities as set forth in Section 5.01(a)(i);
        

      

      (v) to
        the
        Certificate Insurer, any reimbursement amounts due to the Certificate Insurer
        in
        respect of any Interest Distributable Amount;

      

      
        
          
          

        

        
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      (vi) to
        the
        Class B-1, Class B-2, Class B-3, Class B-4, Class B-5, Class B-6 and Class
        B-7
        Certificates, sequentially, in that order, any Interest Distributable Amounts
        for each such Class remaining unpaid on such Distribution Date; and

      

      (vii) to
        the
        extent of any funds remaining in the Final Maturity Reserve Account after
        payment pursuant to clauses (i) through (vi) above, to the Class C
        Certificates.

      

      Notwithstanding
        anything to the contrary in this Section 5.02(g), all amounts distributable
        to
        the Class 1A-1A and Class 1A-1B Certificates on account of the Mortgage Loans,
        shall be distributable first on account of the Group 1 Mortgage
        Loans.

      

      (h) Distributions
        from Yield Maintenance Account.
        On each
        Distribution Date beginning on the Distribution Date in April 2010 through
        and
        including the Distribution Date in October 2013, the Trustee shall distribute
        the funds on deposit in the Yield Maintenance Account for such date after
        making
        all distributions under Section 5.01(a)(iv) above as follows:

      

      (i) to
        the
        Senior Certificates, pro
        rata,
        any
        Allocated Realized Loss Amounts to the extent unpaid;

      

      (ii) to
        the
        Class B-1, Class B-2, Class B-3, Class B-4, Class B-5, Class B-6 and Class
        B-7
        Certificates, sequentially, in that order, any Allocated Realized Loss Amounts
        to the extent unpaid;

      

      (iii) to
        the
        Senior Certificates, pro
        rata,
        any
        Basis Risk Shortfalls to the extent unpaid;

      

      (iv) to
        the
        Class B-1, Class B-2, Class B-3, Class B-4, Class B-5, Class B-6 and Class
        B-7
        Certificates, sequentially, in that order, any Basis Risk Shortfalls to the
        extent unpaid;

      

      (v) to
        the
        Senior Certificates, pro
        rata,
        the
        related Monthly Interest Distributable Amount and any Unpaid Interest Shortfall
        Amounts to the extent unpaid; 

      

      (vi) to
        the
        Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6 and Class
        M-7
        Certificates, sequentially, in that order, the related Monthly Interest
        Distributable Amount and any Unpaid Interest Shortfall Amounts to the extent
        unpaid; and

      

      (vii) to
        the
        Senior Certificates and the Subordinate Certificates, any amounts necessary
        to
        maintain the applicable Overcollateralization Target Amount (provided that
        the
        amount distributable on any Distribution Date pursuant to this subsection
        (vii)
        cannot exceed the excess, if any, of (x) all Realized Losses for such
        Distribution Date and for all prior Distribution Dates over (y) the sum of
        all
        amounts distributed pursuant to this subsection (vii) on all prior Distribution
        Dates).

      

      
        
          
          

        

        
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      (i) On
        each
        Distribution Date, the Trustee, as Paying Agent, shall withdraw all Prepayment
        Penalty Amounts from funds on deposit in the Distribution Account and shall
        distribute such amounts to the Holders of the Class P Certificates.

      

      (j) On
        each
        Distribution Date, the Trustee, as Paying Agent, shall withdraw the Class
        ES
        Distributable Amount from funds on deposit in the Distribution Account and
        shall
        distribute such amounts to the Holders of the Class ES
        Certificates.

      

      
        	 	
                SECTION
                  5.02.

              	
                Allocation
                  of Net Deferred Interest.

              

      

      

      For
        any
        Distribution Date, the Net Deferred Interest on the Mortgage Loans will be
        allocated among the Classes of Certificates in proportion to the excess,
        if any,
        for each such Class of (i) the Monthly Interest Distributable Amount accrued
        at
        the Pass-Through Rate for such Class, over (ii) the amount of the Monthly
        Interest Distributable Amount for such Class and for such Distribution Date
        calculated at the related Adjusted Cap Rate for such Class. Any Net Deferred
        Interest that is not allocable to any Class of LIBOR Certificates pursuant
        to
        the preceding sentence shall be allocated to the Class C Certificates and
        thereby increase the Overcollateralized Amount.

      

      On
        each
        Distribution Date, any amount of Net Deferred Interest allocable to a Class
        of
        Certificates on such Distribution Date will be added as Principal to the
        outstanding Class Principal Balance of such Class of Certificates. 

      

      
        	 	
                SECTION
                  5.03.

              	
                Allocation
                  of Realized Losses.

              

      

      

      (a) On
        or
        prior to each Distribution Date, the Trustee shall aggregate the loan-level
        information provided by the Servicer with respect to the total amount of
        Realized Losses, if any, with respect to the Mortgage Loans in each Loan
        Group
        for the related Distribution Date and include such information in the
        Distribution Date Statement.

      

      (b) On
        each
        Distribution Date, Realized Losses that occurred during the related Prepayment
        Period shall be allocated as follows:

      

      (i) first,
        to
        Net Monthly Excess Cashflow;

      

      (ii) second,
        to the Overcollateralized Amount, until such amount has been reduced to
        zero;

      

      (iii) third,
        to
        the Subordinate Certificates in reverse order of their respective numerical
        Class designations (beginning with the Class of Subordinate Certificates
        with
        the highest numerical Class designation) until the Class Principal Balance
        of
        each such Class is reduced to zero; and

      

      (iv) fourth,
        

      

      (A) with
        respect to such losses related to the Group 1 Mortgage Loans, to the Class
        1A-1A
        and Class 1A-1B Certificates, sequentially, first, to the Class 1A-1B
        Certificates; and second, to the Class 1A-1A Certificates, in that order,
        until
        the Class Principal Balance of each such Class is reduced to zero; 

      

      
        
          
          

        

        
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      (B) with
        respect to such losses related to the Group 2 Mortgage Loans, to the Class
        2A-1A, Class 2A-1B and Class 2A-1C Certificates, sequentially, first, to
        the
        Class 2A-1C Certificates; second, to the Class 2A-1B Certificates; and third,
        to
        the Class 2A-1A Certificates, in that order, until the Class Principal Balance
        of each such Class is reduced to zero.

      

      (c) The
        Class
        Principal Balance of first, the Class C Certificates and second, 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, by
        which the aggregate of the Class Principal Balances of all outstanding Classes
        of Certificates (after giving effect to the distribution of principal and
        the
        allocation of Realized Losses on such Distribution Date) exceeds the aggregate
        of the Stated Principal Balances of all the Mortgage Loans for the following
        Distribution Date.

      

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

      

      (e) Any
        allocation of Realized Losses to a Certificate or any reduction in the
        Certificate Principal Balance of a Certificate pursuant to Section 5.03(b)
        or
        (c) shall be accomplished by reducing the Certificate Principal Balance thereof
        immediately following the distributions made on the related Distribution
        Date in
        accordance with the definition of “Certificate Principal Balance.”

       

      
        	 	
                SECTION
                  5.04.

              	
                Statements.
                  

              

      

      

      (a) On
        each
        Distribution Date, the Trustee shall make available to each Certificateholder,
        the Certificate Insurer, the Yield Maintenance Provider, the Seller, any
        NIMS
        Insurer and each Rating Agency, a statement based, as applicable, on loan-level
        information obtained from the Servicer (the “Distribution Date Statement”) as to
        the distributions to be made or made, as applicable, on such Distribution
        Date.
        Information in the Distribution Date Statement relating to or based on amounts
        available in the Yield Maintenance Account shall be based on information
        provided by the Yield Maintenance Provider regarding any Yield Maintenance
        Distributable Amounts required to be paid by the Yield Maintenance Provider
        for
        the related Distribution Date pursuant to the Yield Maintenance Agreement.
        The
        Distribution Date Statement shall include the following information, in each
        case, with respect to such Distribution Date:

      

      (i) the
        amount of the distribution made on such Distribution Date to the Holders
        of each
        Class of Certificates allocable to principal;

      

      (ii) the
        amount of the distribution made on such Distribution Date to the Holders
        of each
        Class of Certificates allocable to interest;

      

      
        
          
          

        

        
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      (iii) [Reserved];

      

      (iv) the
        aggregate amount of Servicing Fees, Credit Risk Manager Fees and Custodial
        Fees
        for the related Due Period;

      

      (v) the
        amount of Advances for each Loan Group and the aggregate amount of Advances
        for
        the related Due Period and the amount of unreimbursed Advances;

      

      (vi) the
        Loan
        Group Balance for each Loan Group and the Net WAC for each Loan Group at
        the
        Close of Business at the end of the related Due Period;

      

      (vii) the
        Pool
        Balance and the Loan Group Balance for such Distribution Date;

      

      (viii) for
        each
        Loan Group, the aggregate Principal Balance of the MTA Indexed Mortgage Loans
        at
        the Close of Business at the end of the related Due Period;

      

      (ix) for
        each
        Loan Group, the amount of fees, expenses or indemnification amounts paid
        by the
        Trust Fund with an identification of the general purpose of such amounts
        and the
        party receiving such amounts;

      

      (x) for
        each
        Loan Group, the number, weighted average remaining term to maturity, weighted
        average life and weighted average Loan Rate of the related Mortgage Loans
        as of
        the related Due Date;

      

      (xi) for
        each
        Loan Group, the number and aggregate unpaid principal balance of the related
        Mortgage Loans, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent,
        (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have
        been commenced and (e) in bankruptcy, in each case as of the close of business
        on the last day of the preceding calendar month, using the OTS
        method;

      

      (xii) for
        each
        Loan Group, the book value (if available) of any REO Property as of the Close
        of
        Business on the last Business Day of the calendar month preceding the
        Distribution Date, and, cumulatively, the total number and cumulative principal
        balance of all REO Properties in each Loan Group as of the Close of Business
        of
        the last day of the preceding Due Period;

      

      (xiii) for
        each
        Loan Group, the aggregate amount of any Principal Prepayments, net Principal
        Prepayments or other unscheduled recoveries of principal with respect to
        each
        Loan Group made during the related Prepayment Period;

      

      (xiv) for
        each
        Loan Group, the aggregate amount of Realized Losses incurred during the related
        Due Period for each Loan Group and the cumulative amount of Realized Losses
        and
        the amount of Realized Losses, if any, allocated to each Class of Certificates
        after giving effect to any distributions made thereon, on such Distribution
        Date;

      

      
        
          
          

        

        
          100

          
            

          

        

        
          
          

        

      

      (xv) the
        Class
        Principal Balance of each Class of Certificates and the Apportioned Principal
        Balances of the Subordinate Certificates after giving effect to any
        distributions made thereon, on such Distribution Date;

      

      (xvi) for
        each
        Loan Group, the Monthly Interest Distributable Amount and the Interest
        Distributable Amount in respect of each related Class of Certificates, for
        such
        Distribution Date and the respective portions thereof, if any, remaining
        unpaid
        following the distributions made in respect of such Certificates on such
        Distribution Date;

      

      (xvii) for
        each
        Loan Group, the aggregate amount of any Net Interest Shortfalls and the Unpaid
        Interest Shortfall Amount for such Distribution Date after giving effect
        to any
        distributions made thereon, on such Distribution Date;

      

      (xviii) for
        each
        Loan Group, the related Available Funds;

      

      (xix) for
        each
        Loan Group, the Pass-Through Rate and related Adjusted Cap Rate for each
        Class
        of Certificates for such Distribution Date; 

      

      (xx) for
        each
        Loan Group, the aggregate Principal Balance of Mortgage Loans purchased
        hereunder by the Seller during the related Due Period, and indicating the
        relevant section of the Mortgage Loan Purchase Agreement, or the Section
        of this
        Agreement, as applicable, requiring or allowing the purchase of each such
        Mortgage Loan;

      

      (xxi) for
        each
        Loan Group, the amount of any Principal Deficiency Amounts or Accrued Interest
        Amounts paid to an Undercollateralized Group or amounts paid pursuant to
        Section
        5.01(d);

      

      (xxii) current
        Recoveries allocable to each Loan Group;

      

      (xxiii) cumulative
        Recoveries allocable to each Loan Group; 

      

      (xxiv) the
        amount of any Basis Risk Shortfall, if any, for each Class after giving effect
        to any distributions made thereon, on such Distribution Date;

      

      (xxv) for
        each
        Loan Group, the amount of Deferred Interest and Net Deferred Interest, if
        any,
        for such Loan Group;

      

      (xxvi) the
        amount of the Certificate Insurer Reimbursement Amount, if any;

      

      (xxvii) the
        Deficiency Amount, if any, to be paid by the Certificate Insurer; 

      

      (xxviii) the
        amount of Net Deferred Interest, if any, added to the Class Principal Balance
        of
        the Certificates

      

      (xxix) the
        amount of any Unpaid Interest Shortfall Amount;

      

      
        
          
          

        

        
          101

          
            

          

        

        
          
          

        

      

      (xxx) 
        the
        amount of the Group 1 Final Maturity Reserve Amount, the Group 2 Final Maturity
        Reserve Amount and the Aggregate Final Maturity Reserve Amount deposited
        in the
        Final Maturity Reserve Account, and, on the Final Maturity Reserve Termination
        Date, the amount distributed from the Final Maturity Reserve Account to each
        Class of Certificates;

      

      (xxxi) the
        Overcollateralized Amount for that Distribution Date;

      

      (xxxii) the
        Overcollateralization Target Amount for that Distribution Date; 

      

      (xxxiii) the
        amount remitted by the Administrator to the Trustee pursuant to the Yield
        Maintenance Allocation Agreement; 

      

      (xxxiv) the
        payments, if any, made from the Yield Maintenance Account and the amount
        distributed to the LIBOR Certificates from such payments; and

      

      (xxxv) the
        amount of any Class P Distributable Amount and the amount of any Class ES
        Distributable Amount.

      

      The
        Trustee shall make the Distribution Date Statement (and, at its option, any
        additional files containing the same information in an alternative format)
        available each month to Certificateholders and the other parties to this
        Agreement via the Trustee’s internet website. The Trustee’s internet website
        shall initially be located at “www.ctslink.com.”
        Assistance in using the website can be obtained by calling the Trustee’s
        customer service desk at (301) 815-6600. Parties that are unable to use the
        above distribution option are entitled to have a paper copy mailed to them
        via
        first class mail by calling the customer service desk and indicating such.
        The
        Trustee shall have the right to change the way such reports are distributed
        in
        order to make such distribution more convenient and/or more accessible to
        the
        parties, and the Trustee shall provide timely and adequate notification to
        all
        parties regarding any such change.

      

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

      

      In
        addition to the information listed above, such Distribution Date Statement
        or
        the report on Form 10-D for such Distribution Date shall also include any
        other
        information required by Item 1121 (§ 229.1121) of Regulation AB.

      

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

      

      
        
          
          

        

        
          102

          
            

          

        

        
          
          

        

      

      (c) On
        each
        Distribution Date, the Trustee shall supply an electronic tape to Bloomberg
        Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets,
        Inc. on a monthly basis, and shall supply an electronic tape to Loan Performance
        and Intex Solutions in a format acceptable to Loan Performance and Intex
        Solutions on a monthly basis.

      

      
        	 	
                SECTION
                  5.05.

              	
                Remittance
                  Reports; Advances. 

              

      

      

      (a) No
        later
        than the 10th calendar day of each month, the Servicer shall deliver to the
        Trustee and the Certificate Insurer by telecopy or electronic mail (or by
        such
        other means as the Servicer and the Trustee may agree from time to time)
        the
        Remittance Report with respect to the Distribution Date. No later than the
        Close
        of Business New York time on the fifth Business Day prior to the related
        Distribution Date, the Servicer shall deliver or cause to be delivered to
        the
        Trustee in addition to the information provided on the Remittance Report,
        such
        other loan-level information reasonably available to it with respect to the
        Mortgage Loans as the Trustee may reasonably require to perform the calculations
        necessary to make the distributions contemplated by Section 5.01. The Trustee
        shall have no duty or obligation to calculate, recompute or verify any
        information in the Remittance Report or other loan level information that
        it
        receives from the Servicer.

      

      (b) If
        the
        Monthly Payment on a Mortgage Loan that was due on a related Due Date and
        is
        delinquent, other than as a result of application of the Relief Act, and
        for
        which the Servicer was required to make an advance pursuant to the Servicing
        Agreement, exceeds the amount on deposit in the Distribution Account which
        will
        be used for an advance with respect to such Mortgage Loan, the Servicer shall,
        on the Business Day preceding the Distribution Date, deposit in the Distribution
        Account an amount equal to such deficiency, net of the Servicing Fee, for
        such
        Mortgage Loan except to the extent the Servicer determines any such Advance
        to
        be Nonrecoverable from Liquidation Proceeds, Insurance Proceeds or future
        payments on the Mortgage Loan for which such Advance was made. Subject to
        the
        foregoing, the Servicer shall continue to make such Advances through the
        date
        that the Servicer is required to do so under the Servicing Agreement. If
        the
        Servicer determines that an Advance is Nonrecoverable, it shall, on or prior
        to
        the related Distribution Date, present an Officer’s Certificate to the Trustee
        (i) stating that the Servicer elects not to make a Advance in a stated amount
        and (ii) detailing the reason it deems the advance to be
        Nonrecoverable.

      

      
        	 	
                SECTION
                  5.06.

              	
                Compensating
                  Interest Payments.

              

      

      

      The
        amount of the Servicing Fee payable to the Servicer in respect of any
        Distribution Date shall be reduced (but not below zero) by the amount of
        any
        Compensating Interest Payment for such Distribution Date, but only to the
        extent
        that Interest Shortfalls relating to such Distribution Date are required
        to be
        paid but are not actually paid by the Servicer on the applicable Servicer
        Remittance Date. Such amount shall not be treated as an Advance and shall
        not be
        reimbursable to the Servicer.

      

      
        	 	
                SECTION
                  5.07.

              	
                Basis
                  Risk Reserve Fund.

              

      

      

      
        
          
          

        

        
          103

          
            

          

        

        
          
          

        

      

      (a) On
        the
        Closing Date, the Trustee shall establish and maintain in its name, in trust
        for
        the benefit of the holders of the Class 1A-1A, Class 1A-1B, Class 2A-1A,
        Class
        2A-1B, Class 2A-1C, Class B-1, Class B-2, Class B-3, Class B-4, Class B-5,
        Class
        B-6 and Class B-7 Certificates, a Basis Risk Reserve Fund. The Basis Risk
        Reserve Fund shall be an Eligible Account, and funds on deposit therein shall
        be
        held separate and apart from, and shall not be commingled with, any other
        moneys, including, without limitation, other moneys of the Trustee held pursuant
        to this Agreement. The Basis Risk Reserve Fund shall not be an asset of any
        REMIC established hereby.

      

      (b) On
        each
        Distribution Date, other than the Distribution Date following the optional
        purchase of the Mortgage Loans pursuant to Section 10.01, Net Monthly Excess
        Cashflow shall be deposited in the Basis Risk Reserve Fund to the extent
        of the
        Required Reserve Fund Deposit pursuant to Section 5.01(a)(iv)(F).

      

      (c) On
        any
        Distribution Date for which a Basis Risk Shortfall exists with respect to
        the
        Class 1A-1A, Class 1A-1B, Class 2A-1A, Class 2A-1B, Class 2A-1C, Class B-1,
        Class B-2, Class B-3, Class B-4, Class B-5, Class B-6 or Class B-7 Certificates,
        the Trustee, as Paying Agent for the Trustee, shall withdraw from the Basis
        Risk
        Reserve Fund, the amount of such Basis Risk Shortfall for distribution on
        such
        Distribution Date pursuant to Section 5.01(a)(iv)(F).

      

      (d) Funds
        in
        the Basis Risk Reserve Fund shall be invested in Permitted Investments. Any
        earnings on amounts in the Basis Risk Reserve Fund shall be for the benefit
        of
        the Class C Certificateholders. The Class C Certificates shall evidence
        ownership of the Basis Risk Reserve Fund for federal income tax purposes
        and the
        Holders thereof shall direct the Trustee, in writing, as to investment of
        amounts on deposit therein. The Class C Certificateholder(s) shall be liable
        for
        any losses incurred on such investments. In the absence of written instructions
        from the Class C Certificateholder as to investment of funds on deposit in
        the
        Basis Risk Reserve Fund, such funds shall remain uninvested. For all Federal
        income tax purposes, amounts transferred by the Upper-Tier REMIC to the Basis
        Risk Reserve Fund shall be treated as amounts distributed by the Upper-Tier
        REMIC to the Class C Certificateholders.

      

      (e) Upon
        termination of the Trust Fund any amounts remaining in the Basis Risk Reserve
        Fund shall be distributed to the Class C Certificateholders.

      

      
        	 	
                SECTION
                  5.08.

              	
                Recoveries.
                  

              

      

      

      (a) With
        respect to any Class of Certificates to which a Realized Loss has been allocated
        (including any such Class for which the related Class Principal Balance has
        been
        reduced to zero), to the Class Principal Balance of such Class will be increased
        by the amount of related Recoveries collected with regard to the related
        Loan
        Group allocated to such Class for such Distribution Date as
        follows:

      

      (i) first,
        the Class Principal Balance of each Class of Senior Certificates related
        to the
        Loan Group from which the Recovery was collected, will be increased,
pro
        rata
        up to
        the Net Realized Losses for such Class for such Distribution Date,
        and

      

      
        
          
          

        

        
          104

          
            

          

        

        
          
          

        

      

      (ii) second,
        the Class Principal Balance of each Class of Subordinate Certificates will
        be
        increased in order of seniority, up to the Net Realized Losses for each such
        Class for such Distribution Date.

      

      (b) To
        the
        extent that the Certificate Insurer has made a payment in respect of Realized
        Losses and such amount has not previously been reimbursed pursuant to Section
        5.01(a)(i)(C), 5.01(a)(ii)(B), 5.01(a)(iii)(B), 5.01(a)(iv)(D) or 5.01(g)(ii),
        the Certificate Insurer will be subrogated to the rights of the Holders of
        the
        Insured Certificates and will be entitled to the amount of any such Realized
        Losses paid by it to the Insured Certificates that remains unreimbursed prior
        to
        any Recoveries being allocated to the Holders of the Insured
        Certificates.

      

      
        	 	
                SECTION
                  5.09.

              	
                The
                  Final Maturity Reserve Trust.

              

      

      

      (a) The
        Final
        Maturity Reserve Trust is hereby established as a separate trust, the corpus
        of
        which shall be held by the Trustee, in trust, for the benefit of the holders
        of
        the Certificates (other than the Class ES, Class P and Class R Certificates)
        and
        the Certificate Insurer. The Trustee shall establish an account (the “Final
        Maturity Reserve Account”). The Final Maturity Reserve Account shall be an
        Eligible Account, and funds on deposit therein shall be held separate and
        apart
        from, and shall not be commingled with, any other moneys, including, without
        limitation, other moneys of the Trustee held pursuant to this Agreement.
        Notwithstanding anything herein to the contrary, the Trustee will only establish
        the Final Maturity Reserve Account if there is any Final Maturity Reserve
        Amount
        to be deposited therein.

      

      (b) The
        Trustee shall deposit into the Final Maturity Reserve Account any Final Maturity
        Reserve Amounts pursuant to Section 5.01(a)(i)(A). The Trustee shall distribute
        the funds in the Final Maturity Reserve Account pursuant to Section
        5.01(g).

      

      (c) Funds
        in
        the Final Maturity Reserve Account shall be invested in Permitted Investments
        at
        the written direction of the Holders of the Class C Certificates. Any earnings
        on such amounts shall be distributed pursuant to Section 5.01(g). The Class
        C
        Certificates shall evidence ownership of the Final Maturity Reserve Trust
        for
        federal income tax purposes and the Holder thereof shall direct the Trustee,
        in
        writing, as to investment of amounts on deposit therein. The Class C
        Certificateholders shall be liable for any losses incurred on such investments.
        In the absence of written instructions from the Class C Certificateholders
        as to
        investment of funds on deposit in the Final Maturity Reserve Account, such
        funds
        shall remain uninvested.

      

      (d) Upon
        termination of the Final Maturity Reserve Trust, any amounts remaining in
        the
        Final Maturity Reserve Account shall be distributed pursuant to the priorities
        in Section 5.01(g).

      

      (e) For
        federal income tax purposes, any Certificateholder that receives a principal
        payment from the Final Maturity Reserve Trust shall be treated as selling
        a
        portion of its Certificate to the Class C Certificateholder and as having
        received the amount of the principal payment from the Class C Certificateholder
        as the proceeds of the sale. The portion of the Certificate that is treated
        as
        having been sold shall equal the amount of the corresponding reduction in
        the
        Class Principal Balance of such Certificate. Principal payments received
        from
        the Final Maturity Reserve Trust shall not be treated as distributions from
        any
        REMIC created hereby. All principal distributions from the Final Maturity
        Reserve Account shall be accounted for hereunder in accordance with this
        Section
        5.09(e).

      

      
        
          
          

        

        
          105

          
            

          

        

        
          
          

        

      

      
        	 	
                SECTION
                  5.10.

              	
                Yield
                  Maintenance Agreement; Yield Maintenance Trust; Yield Maintenance
                  Trust
                  Account. 

              

      

      

      On
        or
        prior to the Closing Date, the Administrator, pursuant to the Yield Maintenance
        Allocation Agreement, shall enter into the Yield Maintenance Agreement. The
        Administrator shall perform the duties as set forth in the Yield Maintenance
        Agreement and Yield Maintenance Allocation Agreement. 

      

      Pursuant
        to the Yield Maintenance Allocation Agreement, the Administrator shall establish
        and maintain (i) the Yield Maintenance Trust into which it shall deposit
        the
        Yield Maintenance Agreement and (ii) the Yield Maintenance Trust Account
        into
        which, on the day prior to each Distribution Date, it will deposit the Yield
        Maintenance Distributable Amount, if any, paid by the Yield Maintenance Provider
        pursuant to the Yield Maintenance Agreement.

      

      On
        each
        Distribution Date, after remitting the Yield Maintenance Payment Amount to
        the
        Trustee, any amounts remaining on deposit in the Yield Maintenance Trust
        Account
        shall be distributed in accordance with Section 3(a)(ii) of the Yield
        Maintenance Allocation Agreement.

      

      It
        is the
        intention of the parties hereto that, for federal and state income and state
        and
        local franchise tax purposes, the Yield Maintenance Trust Account be disregarded
        as an entity separate from the Holder of the Class C Certificates unless
        and
        until the date when either (a) there is more than one Class C Certificateholder
        or (b) any Class of Certificates in addition to the Class C Certificates
        is
        recharacterized as an equity interest in the Yield Maintenance Trust Account
        for
        federal income tax purposes, in which case it is the intention of the parties
        hereto that, for federal and state income and state and local franchise tax
        purposes, the Yield Maintenance Trust Account be treated as a partnership.
        The
        Yield Maintenance Trust Account will be an “outside reserve fund” within the
        meaning of Treasury Regulation Section 1.860G-2(h). Upon the termination
        of the
        Trust Fund, or the payment in full of the Offered Certificates and the Class
        B-7
        Certificates, all amounts remaining on deposit in the Yield Maintenance Trust
        Account shall be distributed to the Class C Certificateholders or their
        designees. The Yield Maintenance Trust Account shall not be part of the Trust
        Fund or of any REMIC and any payments to the Holders of the Offered Certificates
        and the Class B-7 Certificates to pay certain interest shortfalls will not
        be
        payments with respect to a “regular interest” in a REMIC within the meaning of
        Code Section 860(G)(a)(1).

      

      The
        Administrator shall terminate the Yield Maintenance Agreement upon the
        occurrence of an event of default or termination event under the Yield
        Maintenance Agreement of which the Administrator has actual knowledge. In
        the
        event that the Yield Maintenance Agreement is canceled or otherwise terminated
        for any reason (other than the exhaustion of the interest rate protection
        provided thereby), the Administrator shall, at the direction of
        Certificateholders evidencing Voting Rights not less than 50% of the Offered
        Certificates and the Class B-7 Certificates, and to the extent a replacement
        contract is available (from a counterparty designated by the Depositor and
        acceptable to Certificateholders evidencing Voting Rights not less than 50%
        of
        the Offered Certificates and the Class B-7 Certificates), execute a replacement
        contract comparable to the Yield Maintenance Agreement providing interest
        rate
        protection which is equal to the then-existing protection provided by such
        Yield
        Maintenance Agreement as certified to the Administrator by the Depositor;
        provided,
        however,
        that
        the cost of any such replacement contract providing the same interest rate
        protection may be reduced to a level such that the cost of such replacement
        contract shall not exceed the amount of any early termination payment received
        from the Yield Maintenance Provider.

      

      
        
          
          

        

        
          106

          
            

          

        

        
          
          

        

      

      Upon
        the
        earlier of the Distribution Date in October 2013 and the termination of the
        Trust Fund, the Yield Maintenance Agreement shall be terminated. 

      

      By
        accepting a Class C Certificate, each Class C Certificateholder hereby agrees
        to
        direct the Administrator, and the Administrator is hereby directed, to deposit
        into the Yield Maintenance Trust Account the amounts described
        above.

      

      
        	 	
                SECTION
                  5.11.

              	
                Yield
                  Maintenance Account. 

              

      

      

      The
        Trustee is hereby directed to establish and maintain with itself, a separate,
        segregated account titled “Wells Fargo Bank, N.A., as Trustee, in trust for the
        registered Holders of HarborView Mortgage Loan Trust Mortgage Loan Pass-Through
        Certificates, Series 2006-10” (the “Yield Maintenance Account”) for the benefit
        of the Offered Certificates. The Yield Maintenance Account shall be an Eligible
        Account, and funds on deposit therein shall be held separate and apart from,
        and
        shall not be commingled with, any other moneys, including, without limitation,
        other moneys of the Trustee held pursuant to this Agreement. Amounts on deposit
        in the Yield Maintenance Account shall not be invested and shall not be held
        in
        an interest-bearing account.

      

      On
        each
        Distribution Date, the Administrator shall remit the Yield Maintenance Payment
        Amount to the Trustee for deposit into the Yield Maintenance Account for
        distribution by the Trustee pursuant to the priorities set forth in Section
        5.01(h). 

      

      If
        the
        Seller or its affiliate is the Holder of an Offered Certificate or Class
        B-7
        Certificate, the Seller or its affiliate shall remit to the Trustee the portion
        of Yield Maintenance Distributable Amount received by the Holder of such
        Certificate on any Distribution Date, and the Trustee shall remit such amounts
        to the Yield Maintenance Provider. For purposes of this Agreement, the Trustee
        shall have no duty to confirm that each amount received by it from the Seller
        or
        its affiliate with respect to the preceding sentence is the correct
        amount.

      

      The
        Administrator and the Trustee shall terminate the Yield Maintenance Agreement
        upon the occurrence of an event of default or termination event under the
        Yield
        Maintenance Agreement of which a Responsible Officer of the Trustee has actual
        knowledge. In the event that the Yield Maintenance Agreement is terminated
        for
        any reason (other than the exhaustion of the interest rate protection provided
        thereby), the Trustee shall, at the direction of Certificateholders evidencing
        Voting Rights not less than 50% of the Offered Certificates and the Class
        B-7
        Certificates, and to the extent a replacement contract is available (from
        a
        counterparty designated by the Depositor and acceptable to Certificateholders
        evidencing Voting Rights not less than 50% of the Offered Certificates and
        the
        Class B-7 Certificates), direct the Administrator to execute a replacement
        contract comparable to the such Yield Maintenance Agreement providing interest
        rate protection which is equal to the then-existing protection provided by
        such
        Yield Maintenance Agreement as certified to the Administrator by the Depositor;
        provided,
        however,
        that
        the cost of any such replacement contract providing the same interest rate
        protection may be reduced to a level such that the cost of such replacement
        contract shall not exceed the amount of any early termination payment received
        from the Yield Maintenance Provider.

      

      
        
          
          

        

        
          107

          
            

          

        

        
          
          

        

      

      Upon
        the
        earlier of the Distribution Date in October 2013 and the termination of the
        Trust Fund, the Yield Maintenance Account shall be terminated. 

      

      ARTICLE
        VI

      

      THE
        CERTIFICATES

      

      
        	 	
                SECTION
                  6.01.

              	
                The
                  Certificates.

              

      

      

      The
        Certificates shall be substantially in the form annexed hereto as Exhibit
        A
        through D. Each of the Certificates shall, on original issue, be executed
        by the
        Trustee and authenticated and delivered by the Certificate Registrar upon
        the
        written order of the Depositor concurrently with the sale and assignment
        to the
        Trustee of the Trust Fund. Each Class of the Regular Certificates shall be
        initially evidenced by one or more Certificates representing a Percentage
        Interest with a minimum dollar denomination of $25,000 and integral dollar
        multiples of $1 in excess thereof, in the case of the Class 1A-1A, Class
        1A-1B,
        Class 2A-1A, Class 2A-1B, Class 2A-1C, Class B-1, Class B-2, Class B-3, Class
        B-4, Class B-5, Class B-6 and Class B-7 Certificates; provided,
        however,
        that
        the Offered Certificates and the Class B-7 Certificates shall only be sold
        to
        initial investors in minimum total investment amounts of $100,000. The Class
        C,
        Class ES and Class P Certificates shall be issued in a minimum Percentage
        Interest of 5% and in integral percentage of multiples of 1% in excess thereof.
        The Class R Certificates are issuable only in a Percentage Interest of
        100%.

      

      The
        Certificates shall be executed on behalf of the Trust Fund by manual or
        facsimile signature on behalf of the Trustee by a Responsible Officer.
        Certificates bearing the manual or facsimile signatures of individuals who
        were,
        at the time when such signatures were affixed, authorized to sign on behalf
        of
        the Trustee shall be binding, notwithstanding that such individuals or any
        of
        them have ceased to be so authorized prior to the authentication and delivery
        of
        such Certificates or did not hold such offices at the date of such Certificate.
        Each Certificate shall, on original issue, be authenticated by the Certificate
        Registrar upon the order of the Depositor. No Certificate shall be entitled
        to
        any benefit under this Agreement or be valid for any purpose, unless such
        Certificate shall have been manually authenticated by the Certificate Registrar
        substantially in the form provided for herein, and such authentication upon
        any
        Certificate shall be conclusive evidence, and the only evidence, that such
        Certificate has been duly authenticated and delivered hereunder. All
        Certificates shall be dated the date of their authentication. At any time
        and
        from time to time after the execution and delivery of this Agreement, the
        Depositor may deliver Certificates executed by the Trustee to the Certificate
        Registrar for authentication and the Certificate Registrar shall authenticate
        and deliver such Certificates as provided in this Agreement and not otherwise.
        Subject to Section 6.02(c), the Senior Certificates and the Subordinate
        Certificates shall be Book-Entry Certificates. The Residual Certificates
        shall
        be Physical Certificates.

      

      
        
          
          

        

        
          108

          
            

          

        

        
          
          

        

      

      

        The
          Class
          B-7 Certificates shall
          be
          offered and sold either (i) to Qualified Institutional Buyers, and shall
          be
          issued initially in the form of one or more permanent global Certificates
          in
          definitive, fully registered form with the applicable legends set forth
          in
          Exhibit B hereto (each, a “Restricted Global Security”)
          or (ii)
          outside the United States in reliance on Regulation S under the 1933 Act,
          and
          shall be issued initially in the form of one or more permanent global
          Certificates in definitive, fully registered form without interest coupons
          with
          the applicable legends set forth in Exhibit B hereto (each, a “Regulation S
          Global Security”), which shall be deposited on behalf of the subscribers for
          such Certificates represented thereby with the Trustee, as custodian for
          DTC and
          registered in the name of a nominee of DTC, duly executed by the Trustee
          and
          authenticated by the Certificate Registrar as hereinafter provided. The
          aggregate principal amounts of the Restricted Global Securities or Regulation
          S
          Global Securities, as applicable, may from time to time be increased or
          decreased by adjustments made on the records of the Certificate Registrar
          and
          DTC or its nominee, as the case may be, as hereinafter provided.

        

          The
            Class
            C, Class P and Class ES Certificates shall be offered and sold either
            (i) to
            Qualified Institutional Buyers, and shall be issued initially in the
            form of one
            or more permanent global Certificates in definitive, fully registered
            form with
            the applicable legends set forth in Exhibits C-1, C-2 or C-3, as applicable,
            or
            (ii) outside the United States in reliance on Regulation S under the
            1933 Act,
            and shall be issued initially in the form of one or more permanent global
            Certificates in definitive, fully registered form without interest coupons
            with
            the applicable legends set forth in Exhibits C-1, C-2 or C-4, as applicable,
            which shall be registered in the name Greenwich Capital Markets, Inc.,
            duly
            executed by the Trustee and authenticated by the Certificate Registrar
            as
            hereinafter provided. The aggregate principal amounts of the Class C,
            Class P
            and Class ES Certificates may from time to time be increased or decreased
            by
            adjustments made on the records of the Certificate Registrar as hereinafter
            provided.

           

          The
            Class
            R Certificates shall be offered and sold only to Qualified Institutional
            Buyers,
            and shall be issued initially in the form of a single Restricted Global
            Security
            with the applicable legends set forth in Exhibit C-3 hereto, which shall
            be
            registered in the name of Greenwich Capital Markets, Inc., duly executed
            by the
            Trustee and authenticated by the Certificate Registrar as hereinafter
            provided.

           

        

      

      
        	 	
                SECTION
                  6.02.

              	
                Registration
                  of Transfer and Exchange of Certificates.

              

      

      

      (a) The
        Certificate Registrar shall cause to be kept a Certificate Register in which,
        subject to such reasonable regulations as it may prescribe, the Certificate
        Registrar shall provide for the registration of Certificates and of transfers
        and exchanges of Certificates as herein provided. The Trustee is hereby
        appointed, and the Trustee hereby accepts its appointment as, initial
        Certificate Registrar, for the purpose of registering Certificates and transfers
        and exchanges of Certificates as herein provided.

      

      Upon
        surrender for registration of transfer of any Certificate at the Corporate
        Trust
        Office of the Certificate Registrar maintained for such purpose pursuant
        to the
        foregoing paragraph, the Trustee on behalf of the Trust Fund shall execute,
        and
        the Certificate Registrar shall authenticate and deliver, in the name of
        the
        designated transferee or transferees, one or more new Certificates of the
        same
        aggregate Percentage Interest.

      

      At
        the
        option of the Certificateholders, Certificates may be exchanged for other
        Certificates in authorized denominations and the same aggregate Percentage
        Interests, upon surrender of the Certificates to be exchanged at any such
        office
        or agency. Whenever any Certificates are so surrendered for exchange, the
        Trustee shall execute on behalf of the Trust Fund, and the Certificate Registrar
        shall authenticate and deliver the Certificates which the Certificateholder
        making the exchange is entitled to receive. Every Certificate presented or
        surrendered for registration of transfer or exchange shall (if so required
        by
        the Certificate Registrar) be duly endorsed by, or be accompanied by a written
        instrument of transfer satisfactory to the Certificate Registrar duly executed
        by, the Holder thereof or his attorney duly authorized in writing.

      

      
        
          
          

        

        
          109

          
            

          

        

        
          
          

        

      

      (b) Except
        as
        provided in paragraph (c) or (d) below, the Book-Entry Certificates shall
        at all
        times remain registered in the name of the Depository or its nominee and
        at all
        times: (i) registration of such Certificates may not be transferred by the
        Trustee or the Certificate Registrar except to another Depository; (ii) the
        Depository shall maintain book-entry records with respect to the Certificate
        Owners and with respect to ownership and transfers of such Certificates;
        (iii)
        ownership and transfers of registration of such Certificates on the books
        of the
        Depository shall be governed by applicable rules established by the Depository;
        (iv) the Depository may collect its usual and customary fees, charges and
        expenses from its Depository Participants; (v) the Certificate Registrar,
        any
        NIMS Insurer, the Paying Agent and the Trustee shall for all purposes deal
        with
        the Depository as representative of the Certificate Owners of such Certificates
        for purposes of exercising the rights of Holders under this Agreement, and
        requests and directions for and votes of such representative shall not be
        deemed
        to be inconsistent if they are made with respect to different Certificate
        Owners; (vi) the Trustee, the Paying Agent and the Certificate Registrar
        may
        rely and shall be fully protected in relying upon information furnished by
        the
        Depository with respect to its Depository Participants and furnished by the
        Depository Participants with respect to indirect participating firms and
        Persons
        shown on the books of such indirect participating firms as direct or indirect
        Certificate Owners; and (vii) the direct participants of the Depository
        shall have no rights under this Agreement under or with respect to any of
        the
        Certificates held on their behalf by the Depository, and the Depository may
        be
        treated by the Trustee, the Paying Agent, the Certificate Registrar and their
        respective agents, employees, officers and directors as the absolute owner
        of
        the Certificates for all purposes whatsoever.

      

      All
        transfers by Certificate Owners of Book-Entry Certificates shall be made
        in
        accordance with the procedures established by the Depository Participant
        or
        brokerage firm representing such Certificate Owners. Each Depository Participant
        shall only transfer Book-Entry Certificates of Certificate Owners that it
        represents or of brokerage firms for which it acts as agent in accordance
        with
        the Depository’s normal procedures. The parties hereto are hereby authorized to
        execute one or more Letter of Representations with the Depository or take
        such
        other action as may be necessary or desirable to register a Book-Entry
        Certificate to the Depository. In the event of any conflict between the terms
        of
        any such Letter of Representation and this Agreement, the terms of this
        Agreement shall control.

      

      (c) If
        (x)
        the Depository or the Depositor advises the Certificate Registrar in writing
        that the Depository is no longer willing or able to discharge properly its
        responsibilities as Depository and (y) the Certificate Registrar or the
        Depositor is unable to locate a qualified successor, upon surrender to the
        Certificate Registrar of the Book-Entry Certificates by the Depository,
        accompanied by registration instructions from the Depository for registration,
        the Trustee shall at the Seller’s expense execute on behalf of the Trust Fund
        and authenticate definitive, fully registered certificates (the “Definitive
        Certificates”). Neither the Depositor nor the Certificate Registrar shall be
        liable for any delay in delivery of such instructions and may conclusively
        rely
        on, and shall be protected in relying on, such instructions. Upon the issuance
        of Definitive Certificates, the Trustee shall notify any NIMS Insurer of
        the
        availability of Definitive Certificates and the Trustee, the Certificate
        Registrar, the Paying Agent and the Depositor shall recognize the Holders
        of the
        Definitive Certificates as Certificateholders hereunder.

      

      
        
          
          

        

        
          110

          
            

          

        

        
          
          

        

      

      

        (d) No
          transfer, sale, pledge or other disposition of any Private Certificate,
          other
          than a Private Certificate (excluding the Class R Certificates) sold in
          an
          offshore transaction in reliance on Regulation S, shall be made unless
          such
          disposition 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 laws. Any Private Certificates sold to an “accredited investor” under Rule
          501(a)(1), (2), (3) or (7) under the 1933 Act shall be issued only in the
          form
          of one or more Definitive Certificates and the records of the Certificate
          Registrar (and solely in the case of the Class B-7 Certificates, DTC or
          its
          nominee) shall be adjusted to reflect the transfer of such Definitive
          Certificates. In the event of any transfer of any Private Certificate in
          the
          form of a Definitive Certificate, (i) the transferee shall certify (A)
          such
          transfer is made to a Qualified Institutional Buyer in reliance upon Rule
          144A
          (as evidenced by an investment letter delivered to the Certificate Registrar,
          in
          substantially the form attached hereto as Exhibit J-2) under the 1933 Act,
          or
          (B) such transfer is made to an “accredited investor” under Rule 501(c)(1), (2),
          (3) or (7) under the 1933 Act (as evidenced by an investment letter delivered
          to
          the Certificate Registrar, in substantially the form attached hereto as
          Exhibit
          J-1, and, if so required by the Certificate Registrar and the Depositor,
          a
          written Opinion of Counsel (which may be in-house counsel) acceptable to
          and in
          form and substance reasonably satisfactory to the Certificate Registrar
          and the
          Depositor, delivered to the Certificate Registrar and the Depositor stating
          that
          such transfer may be made pursuant to an exemption, including a description
          of
          the applicable exemption and the basis therefor, from the 1933 Act or is
          being
          made pursuant to the 1933 Act, which Opinion of Counsel shall not be an
          expense
          of the Trust Fund, the Trustee, the Certificate Registrar or the Depositor)
          or
          (ii) the Certificate Registrar shall require the transferor to execute
          a
          transferor certificate and the transferee to execute an investment letter
          acceptable to and in form and substance reasonably satisfactory to the
          Depositor
          and the Certificate Registrar certifying to the Depositor and the Certificate
          Registrar the facts surrounding such transfer, which investment letter
          shall not
          be an expense of the Trust Fund, the Trustee, the Certificate Registrar
          or the
          Depositor. Each Holder of a Private Certificate desiring to effect such
          transfer
          shall, and does hereby agree to, indemnify the Trustee, the Certificate
          Registrar, the Seller 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.

         

        In
          the
          case of a Class B-7 Certificate that is a Book-Entry Certificate, for purposes
          of the preceding paragraph, the representations set forth in the investment
          letter in clause (i) shall be deemed to have been made to the Certificate
          Registrar by the transferee’s acceptance of such Class B-7 Certificate that is
          also a Book-Entry Certificate (or the acceptance by a Certificate Owner
          of the
          beneficial interest in such Certificate).

         

      

      None
        of
        the Depositor, the Seller, the Certificate Registrar or the Trustee is obligated
        to register or qualify the Private Certificates under the 1933 Act or any
        other
        securities laws or to take any action not otherwise required under this
        Agreement to permit the transfer of such Certificates without registration
        or
        qualification. Any Certificateholder desiring to effect the transfer of a
        Private Certificate shall, and does hereby agree to, indemnify the Trustee,
        the
        Seller, the Depositor and the Certificate Registrar 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 an ERISA-Restricted Certificate in the form of a Definitive
        Certificate shall be made unless the Certificate Registrar shall have received
        either (i) a representation from the transferee of such Certificate, acceptable
        to and in form and substance satisfactory to the Certificate Registrar and
        the
        Depositor (such requirement is satisfied only by the Certificate Registrar’s
        receipt of a representation letter from the transferee substantially in the
        form
        of Exhibit I-1 or I-2, as applicable, hereto), to the effect that such
        transferee is not an employee benefit plan subject to Section 406 of ERISA
        or a
        plan or arrangement subject to Section 4975 of the Code, nor a person acting
        on
        behalf of any such plan or arrangement nor using the assets of any such plan
        or
        arrangement to effect such transfer or (ii) if such Certificate has been
        the
        subject of an ERISA-Qualifying Underwriting, and the purchaser is an insurance
        company, a representation that the purchaser is an insurance company which
        is
        purchasing such Certificates with funds contained in an “insurance company
        general account” (as such term is defined in Section V(e) of Prohibited
        Transaction Class Exemption 95-60 (“PTCE 95-60”) and that the purchase and
        holding of such Certificates are covered under Sections I and III of PTCE
        95-60
        or (iii) an Opinion of Counsel satisfactory to the Certificate Registrar,
        which
        Opinion of Counsel shall not be an expense of the Trustee, the Certificate
        Registrar, the Servicer, any NIMS Insurer, the Depositor or the Trust Fund,
        addressed to the Certificate Registrar, to the effect that the purchase and
        holding of such ERISA-Restricted Certificate in the form of a Definitive
        Certificate will not result in a non-exempt prohibited transaction under
        Section
        406 of ERISA or Section 4975 of the Code and will not subject the Trustee,
        the
        Certificate Registrar, any NIMS Insurer, the Servicer or the Depositor to
        any
        obligation in addition to those expressly undertaken in this Agreement or
        to any
        liability. Notwithstanding anything else to the contrary herein, any purported
        transfer of an ERISA-Restricted Certificate in the form of a Definitive
        Certificate to an employee benefit plan subject to ERISA or Section 4975
        of the
        Code without the delivery to the Certificate Registrar of an Opinion of Counsel
        satisfactory to the Certificate Registrar as described above shall be void
        and
        of no effect. 

      

      
        
          
          

        

        
          111

          
            

          

        

        
          
          

        

      

      In
        the
        case of an ERISA-Restricted Certificate that is a Book-Entry Certificate,
        for
        purposes of clauses (i) or (ii) of the first sentence of the preceding
        paragraph, such representations shall be deemed to have been made to the
        Certificate Registrar by the transferee’s acceptance of such ERISA-Restricted
        Certificate that is also a Book-Entry Certificate (or the acceptance by a
        Certificate Owner of the beneficial interest in such Certificate).

      

      No
        transfer of an ERISA-Restricted Trust Certificate prior to the termination
        of
        the Final Maturity Reserve Trust and the Yield Maintenance Agreement shall
        be
        made unless the Certificate Registrar shall have received a representation
        letter from the transferee of such Certificate, substantially in the form
        set
        forth in Exhibit I-2, to the effect that either (i) such transferee is neither
        a
        Plan nor a Person acting on behalf of any such Plan or using the assets of
        any
        such Plan to effect such transfer or (ii) the acquisition and holding of
        the
        ERISA-Restricted Trust Certificate are eligible for exemptive relief under
        Prohibited Transaction Class Exemption (“PTCE”) 84-14, PTCE 90-1, PTCE 91-38,
        PTCE 95-60 or PTCE 96-23 or the non-fiduciary service provider exemption
        under
        Section 408(b)(17) of ERISA or some other applicable exemption. Notwithstanding
        anything else to the contrary herein, any purported transfer of an
        ERISA-Restricted Trust Certificate prior to the termination of the Final
        Maturity Reserve Trust and the Yield Maintenance Agreement to or on behalf
        of a
        Plan without the delivery to the Certificate Registrar of a representation
        letter as described above shall be void and of no effect. If the
        ERISA-Restricted Trust Certificate is a Book-Entry Certificate, the transferee
        will be deemed to have made a representation as provided in clause (i) or
        (ii)
        of this paragraph, as applicable.

      

      If
        any
        ERISA-Restricted Trust Certificate, or any interest therein, is acquired
        or held
        in violation of the provisions of the preceding paragraph, the next preceding
        permitted beneficial owner will be treated as the beneficial owner of that
        Certificate, retroactive to the date of transfer to the purported beneficial
        owner. Any purported beneficial owner whose acquisition or holding of an
        ERISA-Restricted Trust Certificate, or interest therein, was effected in
        violation of the provisions of the preceding paragraph shall indemnify to
        the
        extent permitted by law and hold harmless the Depositor and the Certificate
        Registrar from and against any and all liabilities, claims, costs or expenses
        incurred by such parties as a result of such acquisition or
        holding.

      

      
        
          
          

        

        
          112

          
            

          

        

        
          
          

        

      

      To
        the
        extent permitted under applicable law (including, but not limited to, ERISA),
        the Certificate Registrar shall be under no liability to any Person for any
        registration of transfer of any ERISA-Restricted Trust Certificate that is
        in
        fact not permitted by this Section 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.

      

      To
        the
        extent permitted under applicable law (including, but not limited to, ERISA),
        none of the Trustee, the Certificate Registrar or the Depositor shall have
        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(d) or for
        the
        Paying Agent 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. In addition, none
        of
        the Trustee, the Certificate Registrar or the Depositor shall be required
        to
        monitor, determine or inquire as to compliance with the transfer restrictions
        with respect to any ERISA-Restricted Certificate in the form of a Book-Entry
        Certificate, and none of the Trustee, the Certificate Registrar or the Depositor
        shall have any liability for transfers of Book-Entry Certificates or any
        interests therein made in violation of the restrictions on transfer described
        in
        the Prospectus Supplement or Private Placement Memorandum, as applicable,
        and
        this Agreement.

      

      (e) Each
        Person who has or who acquires any Ownership Interest in a Residual Certificate
        shall be deemed by the acceptance or acquisition of such Ownership Interest
        to
        have agreed to be bound by the following provisions and to have irrevocably
        appointed the Depositor or its designee as its attorney-in-fact to negotiate
        the
        terms of any mandatory sale under clause (v) below and to execute all
        instruments of transfer and to do all other things necessary in connection
        with
        any such sale, and the rights of each Person acquiring any Ownership Interest
        in
        a Residual Certificate are expressly subject to the following
        provisions:

      

      (i) Each
        Person holding or acquiring any Ownership Interest in a Residual Certificate
        shall be a Permitted Transferee who acquires such Ownership Interest in a
        Residual Certificate for its own account and not in the capacity as trustee,
        nominee or agent for another Person and shall promptly notify the Certificate
        Registrar and the Trustee of any change or impending change in its status
        as
        such a Permitted Transferee.

      

      (ii) No
        Ownership Interest in a Residual Certificate may be registered on the Closing
        Date and no Ownership Interest in a Residual Certificate may thereafter be
        transferred, and the Certificate Registrar shall not register the Transfer
        of a
        Residual Certificate unless, in addition to the certificates required to
        be
        delivered under subsection (d) above, the Trustee and the Certificate Registrar
        shall have been furnished with an affidavit (“Transfer Affidavit”) of the
        initial owner of such Residual Certificate or proposed transferee of a Residual
        Certificate in the form attached hereto as Exhibit L.

      

      
        
          
          

        

        
          113

          
            

          

        

        
          
          

        

      

      (iii) In
        connection with any proposed transfer of any Ownership Interest in a Residual
        Certificate, the Trustee and the Certificate Registrar shall as a condition
        to
        registration of the transfer, require delivery to them of a Transferor
        Certificate in the form of Exhibit K hereto from the proposed transferor
        to the
        effect that the transferor (a) has no knowledge the proposed Transferee is
        not a
        Permitted Transferee acquiring an Ownership Interest in such Residual
        Certificate for its own account and not in a capacity as trustee, nominee,
        or
        agent for another Person, and (b) has not undertaken the proposed transfer
        in
        whole or in part to impede the assessment or collection of tax.

      

      (iv) Any
        attempted or purported Transfer of any Ownership Interest in a Residual
        Certificate in violation of the provisions of this Section shall be absolutely
        null and void and shall vest no rights in the purported transferee. If any
        purported transferee shall, in violation of the provisions of this Section,
        become a Holder of such Residual Certificate, then the prior Holder of such
        Residual Certificate that is a Permitted Transferee shall, upon discovery
        that
        the registration of Transfer of such Residual Certificate was not in fact
        permitted by this Section, be restored to all rights as Holder thereof
        retroactive to the date of registration of transfer of such Residual
        Certificate. None of the Trustee, the Certificate Registrar or the Depositor
        shall have any liability to any Person for any registration of Transfer of
        a
        Residual Certificate that is in fact not permitted by this Section or for
        the
        Paying Agent making any distributions due on the Residual Certificate to
        the
        Holder thereof or taking any other action with respect to such Holder win
        the
        provisions of this Agreement so long as the Trustee and the Certificate
        Registrar received the documents specified in clause (iii). The Certificate
        Registrar shall be entitled to recover from any Holder of such 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 Registrar shall be
        distributed and delivered by the Certificate Registrar to the last Holder
        of
        such Residual Certificate that is a Permitted Transferee.

      

      (v) If
        any
        Person other than a Permitted Transferee acquires any Ownership Interest
        in a
        Residual Certificate in violation of the restrictions in this Section, then
        the
        Certificate Registrar shall have the right but not the obligation, without
        notice to the Holder of such Residual Certificate or any other Person having
        an
        Ownership Interest therein, to notify the Depositor to arrange for the sale
        of
        such Residual Certificate. The proceeds of such sale, net of commissions
        (which
        may include commissions payable to the Depositor or its affiliates in connection
        with such sale), expenses and taxes due, if any, will be remitted by the
        Certificate Registrar to the previous Holder of such Residual Certificate
        that
        is a Permitted Transferee, except that in the event that the Certificate
        Registrar determines that the Holder of such Residual Certificate may be
        liable
        for any amount due under this Section or any other provisions of this Agreement,
        the Certificate Registrar may withhold a corresponding amount from such
        remittance as security for such claim. The terms and conditions of any sale
        under this clause (v) shall be determined in the sole discretion of the Trustee
        and the Certificate Registrar and they shall not be liable to any Person
        having
        an Ownership Interest in such Residual Certificate as a result of its exercise
        of such discretion.

      

      
        
          
          

        

        
          114

          
            

          

        

        
          
          

        

      

      (vi) If
        any
        Person other than a Permitted Transferee acquires any Ownership Interest
        in a
        Residual Certificate in violation of the restrictions in this Section, then
        the
        Trustee upon receipt of reasonable compensation will provide to the Internal
        Revenue Service, and to the persons specified in Sections 860E(e)(3) and
        (6) of
        the Code, information needed to compute the tax imposed under Section 860E(e)(5)
        of the Code on transfers of residual interests to disqualified
        organizations.

      

      The
        foregoing provisions of this Section shall cease to apply to transfers occurring
        on or after the date on which there shall have been delivered to the Certificate
        Registrar and the Servicer, in form and substance satisfactory to the
        Certificate Registrar, (i) written notification from each Rating Agency that
        the
        removal of the restrictions on Transfer set forth in this Section will not
        cause
        such Rating Agency to downgrade its ratings of the Certificates (determined
        in
        the case of the Insured Certificates, without giving effect to the Financial
        Guaranty Insurance Policy) and (ii) an Opinion of Counsel to the effect that
        such removal will not cause the REMIC created hereunder to fail to qualify
        as a
        REMIC.

      

      (f) Notwithstanding
        any provision to the contrary herein, so long as a Restricted Global Security
        or
        Regulation S Global Security, as applicable, representing any Class B-7
        Certificates remains outstanding and is held by or on behalf of the Depository,
        transfers of a Restricted Global Security or Regulation S Global Security,
        as
        applicable, representing the Certificates, in whole or in part, shall only
        be
        made in accordance with Section 6.01 and this Section 6.02(f).

      

      (i) Subject
        to clauses (ii) and (iii) of this Section 6.02(f), transfers of a Restricted
        Global Security or Regulation S Global Security, as applicable, representing
        any
        Class B-7 Certificate shall be limited to transfers of such a Restricted
        Global
        Security or Regulation S Global Security, as applicable, in whole, but not
        in
        part, to nominees of the Depository or to a successor of the Depository or
        such
        successor’s nominee.

      

      (ii) Restricted
        Global Security to Regulation S Global Security.
        If a
        Holder of a beneficial interest in a Restricted Global Security deposited
        with
        or on behalf of the Depository wishes at any time to exchange its interest
        in
        such Restricted Global Security for an interest in a Regulation S Global
        Security, or to transfer its interest in such Restricted Global Security
        to a
        Person who wishes to take delivery thereof in the form of an interest in
        a
        Regulation S Global Security, such Holder, provided such Holder is not a
        U.S.
        Person, may, subject to the rules and procedures of the Depository, exchange
        or
        cause the exchange of such interest for an equivalent beneficial interest
        in the
        Regulation S Global Security. Upon receipt by the Certificate Registrar of
        (A)
        instructions from the Depository directing the Certificate Registrar to cause
        to
        be credited a beneficial interest in a Regulation S Global Security in an
        amount
        equal to the beneficial interest in such Restricted Global Security to be
        exchanged but not less than the minimum denomination applicable to such
        Certificateholders’ held through a Regulation S Global Security, (B) a written
        order given in accordance with the Depository’s procedures containing
        information regarding the participant account of the Depository and, in the
        case
        of a transfer pursuant to and in accordance with Regulation S, the Euroclear
        or
        Clearstream account to be credited with such increase and (C) a certificate
        in
        the form of Exhibit J-1 hereto given by the Holder of such beneficial interest
        stating that the exchange or transfer of such interest has been made in
        compliance with the transfer restrictions applicable to the Global Securities,
        including that the Holder is not a U.S. Person and pursuant to and in accordance
        with Regulation S, the Certificate Registrar shall reduce the principal amount
        of the Restricted Global Security and increase the principal amount of the
        Regulation S Global Security by the aggregate principal amount of the beneficial
        interest in the Restricted Global Security to be exchanged, and shall instruct
        Euroclear or Clearstream, as applicable, concurrently with such reduction,
        to
        credit or cause to be credited to the account of the Person specified in
        such
        instructions a beneficial interest in the Regulation S Global Security equal
        to
        the reduction in the principal amount of the Restricted Global
        Security.

      

      
        
          
          

        

        
          115

          
            

          

        

        
          
          

        

      

      (iii) Regulation
        S Global Security to Restricted Global Security.
        If a
        Holder of a beneficial interest in a Regulation S Global Security deposited
        with
        or on behalf of the Depository wishes at any time to transfer its interest
        in
        such Regulation S Global Security to a Person who wishes to take delivery
        thereof in the form of an interest in a Restricted Global Security, such
        Holder
        may, subject to the rules and procedures of the Depository, exchange or cause
        the exchange of such interest for an equivalent beneficial interest in a
        Restricted Global Security. Upon receipt by the Certificate Registrar of
        (A)
        instructions from the Depository directing the Certificate Registrar to cause
        to
        be credited a beneficial interest in a Restricted Global Security in an amount
        equal to the beneficial interest in such Regulation S Global Security to
        be
        exchanged but not less than the minimum denomination applicable to such
        Certificateholder’s Certificates held through a Restricted Global Security, to
        be exchanged, such instructions to contain information regarding the participant
        account with the Depository to be credited with such increase, and (B) a
        certificate in the form of Exhibit J-2 hereto given by the Holder of such
        beneficial interest and stating, among other things, that the Person
        transferring such interest in such Regulation S Global Security reasonably
        believes that the Person acquiring such interest in a Restricted Global Security
        is a Qualified Institutional Buyer within the meaning of Rule 144A, is obtaining
        such beneficial interest in a transaction meeting the requirements of Rule
        144A
        and in accordance with any applicable securities laws of any State of the
        United
        States or any other jurisdiction, then the Certificate Registrar will reduce
        the
        principal amount of the Regulation S Global Security and increase the principal
        amount of the Restricted Global Security by the aggregate principal amount
        of
        the beneficial interest in the Regulation S Global Security to be transferred
        and the Certificate Registrar shall instruct the Depository, concurrently
        with
        such reduction, to credit or cause to be credited to the account of the Person
        specified in such instructions a beneficial interest in the Restricted Global
        Security equal to the reduction in the principal amount of the Regulation
        S
        Global Security.

      

      (iv) Other
        Exchanges.
        In the
        event that a Restricted Global Security or Regulation S Global Security,
        as
        applicable, is exchanged for Certificates in definitive registered form without
        interest coupons, such Certificates may be exchanged for one another only
        in
        accordance with such procedures as are substantially consistent with the
        provisions above (including certification requirements intended to insure
        that
        such transfers comply with Rule 144A comply with Rule 501 (a)(1), (2), (3)
        or
        (7) or are to non-U.S. Persons, in compliance with Regulation S under the
        Securities Act, as the case may be, and as may be from time to time adopted
        by
        the Depositor and the Certificate Registrar.

      

      
        
          
          

        

        
          116

          
            

          

        

        
          
          

        

      

      (v) Restrictions
        on U.S. Transfers.
        Transfers of interests in the Regulation S Global Security to U.S. persons
        (as
        defined in Regulation S) shall be limited to transfers made pursuant to the
        provisions of Section 6.02(f)(iii).

      

      (g) No
        service charge shall be made for any registration of transfer or exchange
        of
        Certificates of any Class, but the Certificate Registrar may require payment
        of
        a sum sufficient to cover any tax or governmental charge that may be imposed
        in
        connection with any transfer or exchange of Certificates.

      

      All
        Certificates surrendered for registration of transfer or exchange shall be
        cancelled by the Certificate Registrar and disposed of pursuant to its standard
        procedures.

      

      
        	 	
                SECTION
                  6.03.

              	
                Mutilated,
                  Destroyed, Lost or Stolen
                  Certificates.

              

      

      

      If
        (i)
        any mutilated Certificate is surrendered to the Trustee or the Certificate
        Registrar or the Trustee or the Certificate Registrar receives evidence to
        its
        satisfaction of the destruction, loss or theft of any Certificate and (ii)
        there
        is delivered to the Depositor, any NIMS Insurer, the Certificate Registrar
        (and
        with respect to the Insured Certificates, the Certificate Insurer) and the
        Depositor such security or indemnity as may be required by them to save each
        of
        them harmless, then, in the absence of notice to the Trustee, the Depositor
        or
        the Certificate Registrar that such Certificate has been acquired by a bona
        fide
        purchaser, the Trustee shall execute on behalf of the Trust Fund and the
        Certificate Registrar shall authenticate and deliver, in exchange for or
        in lieu
        of any such mutilated, destroyed, lost or stolen Certificate, a new Certificate
        of like tenor and Percentage Interest. Upon the issuance of any new Certificate
        under this Section, the Trustee, the Depositor or the Certificate Registrar
        may
        require the payment of a sum sufficient to cover any tax or other governmental
        charge that may be imposed in relation thereto and any other expenses (including
        the fees and expenses of the Depositor and the Certificate Registrar) in
        connection therewith. Any duplicate Certificate issued pursuant to this Section,
        shall constitute complete and indefeasible evidence of ownership in the Trust
        Fund, 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.

              

      

      

      The
        Depositor, the Trustee, the Certificate Registrar, the Certificate Insurer
        (with
        respect to the Insured Certificates), the Paying Agent, any NIMS Insurer
        and any
        agent of the Depositor, the Trustee, the Certificate Registrar, the Certificate
        Insurer, the Paying Agent or any NIMS Insurer may treat the Person, including
        a
        Depository, in whose name any Certificate is registered as the owner of such
        Certificate for the purpose of receiving distributions pursuant to Section
        5.01
        hereof and for all other purposes whatsoever, and none of the Trust Fund,
        the
        Depositor, the Trustee, the Certificate Registrar, the Certificate Insurer,
        the
        Paying Agent, any NIMS Insurer or any agent of any of them shall be affected
        by
        notice to the contrary.

      

      
        	 	
                SECTION
                  6.05.

              	
                Appointment
                  of Paying Agent.

              

      

      

      (a) The
        Trustee, subject to the consent of the Certificate Insurer and any NIMS Insurer
        (such consent not to be unreasonably withheld), may appoint a Paying Agent
        (which may be the Trustee) for the purpose of making distributions to
        Certificateholders hereunder. The Trustee hereby appoints itself as the initial
        Paying Agent. The duties of the Paying Agent may include the obligation (i)
        to
        withdraw funds from the Distribution Account pursuant to Section 4.03 hereof
        and
        (ii) to distribute statements and provide information to Certificateholders
        as
        required hereunder. The Paying Agent hereunder shall at all times be an entity
        duly incorporated and validly existing under the laws of the United States
        of
        America or any state thereof, authorized under such laws to exercise corporate
        trust powers and subject to supervision or examination by federal or state
        authorities. 

      

      
        
          
          

        

        
          117

          
            

          

        

        
          
          

        

      

      (b) The
        Trustee, as Paying Agent, shall hold all sums, if any, held by it for payment
        to
        the Certificateholders and the Certificate Insurer in trust for the benefit
        of
        the Certificateholders and the Certificate Insurer entitled thereto until
        such
        sums shall be paid to such Certificateholders and the Certificate Insurer
        and
        shall comply with all requirements of the Code regarding the withholding
        of
        payments in respect of federal income taxes due from Certificate Owners and
        otherwise comply with the provisions of this Agreement applicable to
        it.

      

      ARTICLE
        VII

      

      DEFAULT

      

      
        	 	
                SECTION
                  7.01.

              	
                Event
                  of Default. 

              

      

      

      (a) If
        an
        Event of Default described in a Servicing Agreement (other than an Event
        of
        Default under Section 11.07(b)) shall occur and be continuing, then, and
        in each
        and every such case, so long as an Event of Default shall not have been remedied
        within the applicable grace period, the Trustee may, and at the written
        direction of the Holders of Certificates evidencing Voting Rights aggregating
        not less than 51%, shall, by notice then given in writing to the Servicer,
        terminate all of the rights and obligations of the Servicer as servicer under
        this Agreement. Any such notice to the Servicer shall also be given to the
        Rating Agencies, the Depositor, the Certificate Insurer, the Credit Risk
        Manager
        and the Seller. The Trustee, upon a Responsible Officer having actual knowledge
        of such default, shall deliver a written notice to the Servicer of the Event
        of
        Default on any Servicer Remittance Date on which the Servicer fails to make
        any
        deposit or payment required pursuant to the Servicing Agreement (including
        but
        not limited to Advances to the extent required pursuant to the Servicing
        Agreement). Pursuant to the Servicing Agreement, on or after the receipt
        by the
        Servicer (and by the Trustee if such notice is given by the Certificate Insurer
        or the Holders) of such written notice, all authority and power of the Servicer
        under the Servicing Agreement, with respect to the Mortgage Loans or otherwise,
        shall pass to and be vested in the Trustee and the Trustee is hereby authorized
        and empowered to execute and deliver, on behalf of the Servicer, as
        attorney-in-fact or otherwise, any and all documents and other instruments,
        and
        to do or accomplish all other acts or things necessary or appropriate to
        effect
        the purposes of such notice of termination, whether to complete the transfer
        and
        endorsement of each Mortgage Loan and related documents or otherwise.

      

      
        	 	
                SECTION
                  7.02.

              	
                Trustee
                  to Act.

              

      

      

      (a) From
        and
        after the date the Servicer (and the Trustee, if notice is sent by the
        Certificate Insurer or the Holders) receives a notice of termination pursuant
        to
        Section 7.01, the Trustee immediately shall be the successor in all respects
        to
        the Servicer in its capacity as servicer under the Servicing Agreement and
        the
        transactions set forth or provided for herein and shall be subject to all
        the
        responsibilities, duties and liabilities relating thereto placed on the Servicer
        by the terms and provisions hereof arising on and after its succession,
        including the immediate obligation to make Advances. As compensation therefor,
        the Trustee shall be entitled to such compensation as the Servicer would
        have
        been entitled to under the Servicing Agreement if no such notice of termination
        had been given. Notwithstanding the above, (i) if the Trustee is unwilling
        to
        act as successor Servicer or (ii) if the Trustee is legally unable so to
        act,
        the Trustee shall appoint or petition a court of competent jurisdiction to
        appoint, any established housing and home finance institution, bank or other
        mortgage loan or home equity loan servicer having a net worth of not less
        than
        $15,000,000 as the successor to the Servicer under the Servicing Agreement
        in
        the assumption of all or any part of the responsibilities, duties or liabilities
        of the Servicer under the Servicing Agreement; provided,
        that
        the
        appointment of any such successor Servicer shall not result in the
        qualification, reduction or withdrawal of the ratings assigned to the
        Certificates by each Rating Agency as evidenced by a letter to such effect
        from
        such Rating Agency. Pending appointment of a successor to the Servicer under the
        Servicing Agreement, unless the Trustee is prohibited by law from so acting,
        the
        Trustee shall act in such capacity as hereinabove provided. In connection
        with
        such appointment and assumption, the successor shall be entitled to receive
        compensation out of payments on Mortgage Loans in an amount equal to the
        compensation which the Servicer would otherwise have received hereunder.
        Except
        with respect to the making of Advances the defaulting Servicer was required
        to
        make but did not make, the successor Servicer, including the Trustee in such
        capacity, shall not be liable for any acts or omissions of the predecessor
        Servicer or for any breach by such Servicer of any of its representations
        or
        warranties made by it in the Servicing Agreement or in any related document
        or
        agreement. The Trustee and such successor shall take such action, consistent
        with this Agreement, as shall be necessary to effectuate any such succession.
        

      

      
        
          
          

        

        
          118

          
            

          

        

        
          
          

        

      

      (b) Any
        successor, including the Trustee, to the Servicer under the Servicing Agreement
        shall during the term of its service as Servicer continue to service and
        administer the Mortgage Loans for the benefit of Certificateholders and the
        Certificate Insurer pursuant to the terms and conditions of the Servicing
        Agreement, and maintain in force a policy or policies of insurance covering
        errors and omissions in the performance of its obligations as Servicer under
        the
        Servicing Agreement.

      

      (c) Notwithstanding
        anything else herein to the contrary, in no event shall the Trustee be liable
        for any servicing fee or for any differential in the amount of the servicing
        fee
        paid hereunder and the amount necessary to induce any successor Servicer
        to act
        as successor Servicer under this Agreement and the transactions set forth
        or
        provided for herein.

      

      (d) The
        Trustee shall be entitled to be reimbursed by the Trust Fund (pursuant to
        Section 4.03(a)(xii)), in the event that the Servicer does not reimburse
        the
        Trustee under the Servicing Agreement, for all costs associated with the
        transfer of servicing from the predecessor Servicer, including, without
        limitation, any costs or expenses associated with the termination of the
        predecessor Servicer, the appointment of a successor servicer, the complete
        transfer of all servicing data and the completion, correction or manipulation
        of
        such servicing data as may be required by the Trustee or any successor servicer
        to correct any errors or insufficiencies in the servicing data or otherwise
        to
        enable the Trustee or successor servicer to service the Mortgage Loans property
        and effectively.

      

      
        
          
          

        

        
          119

          
            

          

        

        
          
          

        

      

      
        	 	
                SECTION
                  7.03.

              	
                Waiver
                  of Event of Default.

              

      

      

      The
        Majority Certificateholders may, on behalf of all Certificateholders, by
        notice
        in writing to the Trustee, direct the Trustee to waive any events permitting
        removal of the Servicer under this Agreement, provided,
        however,
        that
        the Majority Certificateholders may not waive an event that results in a
        failure
        to make any required distribution on a Certificate without the consent of
        the
        Holder of such Certificate. Upon any waiver of an Event of Default, such
        event
        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 event or impair any right consequent thereto
        except to the extent expressly so waived. Notice of any such waiver shall
        be
        given by the Trustee to each Rating Agency and the Certificate
        Insurer.

      

      
        	 	
                SECTION
                  7.04.

              	
                Notification
                  to Certificateholders.

              

      

      

      (a) Upon
        any
        termination or appointment of a successor to the Servicer pursuant to this
        Article VII, the Trustee shall give prompt written notice thereof to the
        Certificateholders at their respective addresses appearing in the Certificate
        Register, to each Rating Agency, to any NIMS Insurer and the Certificate
        Insurer.

      

      (b) No
        later
        than 60 days after the occurrence of any event which constitutes or which,
        with
        notice or a lapse of time or both, would constitute an Event of Default of
        which
        a Responsible Officer of the Trustee becomes aware of the occurrence of such
        an
        event, the Trustee shall transmit by mail to all Certificateholders, any
        NIMS
        Insurer and the Certificate Insurer notice of such occurrence unless such
        Event
        of Default shall have been waived or cured.

      

      ARTICLE
        VIII

      

      THE
        TRUSTEE

      

      
        	 	
                SECTION
                  8.01.

              	
                Duties
                  of the Trustee.

              

      

      

      The
        Trustee, prior to the occurrence of an Event of Default and after the curing
        or
        waiver of all Events of Default which may have occurred, undertakes to perform
        such duties and only such duties as are specifically set forth in this
        Agreement. If an Event of Default has occurred (which has not been cured
        or
        waived) of which a Responsible Officer has actual knowledge, the Trustee
        shall
        exercise such of the rights and powers vested in it by this Agreement, and
        use
        the same degree of care and skill in their exercise, as a prudent man would
        exercise or use under the circumstances in the conduct of his own
        affairs.

      

      The
        Trustee, upon receipt of all resolutions, certificates, statements, opinions,
        reports, documents, orders or other instruments furnished to the Trustee,
        which
        are specifically required to be furnished pursuant to any provision of this
        Agreement, shall examine them to determine whether they conform to the
        requirements of this Agreement; provided,
        however,
        that
        the Trustee will not be responsible for the accuracy or content of any such
        resolutions, certificates, statements, opinions, reports, documents or other
        instruments. If any such instrument is found not to conform to the requirements
        of this Agreement in a material manner, the Trustee shall take such action
        as it
        deems appropriate to have the instrument corrected. If the instrument is
        not
        corrected to the satisfaction of the Trustee, the Trustee shall provide notice
        thereof to the Certificateholders, the Certificate Insurer and any NIMS Insurer
        and will, at the expense of the Trust Fund, which expense shall be reasonable
        given the scope and nature of the required action, take such further action
        as
        directed by the Certificateholders, the Certificate Insurer or any NIMS
        Insurer.

      

      
        
          
          

        

        
          120

          
            

          

        

        
          
          

        

      

      On
        each
        Distribution Date, the Trustee, as Paying Agent, shall make monthly
        distributions the Certificateholders from funds in the Distribution Account,
        the
        Basis Risk Reserve Fund, the Yield Maintenance Account and the Final Maturity
        Reserve Account, as applicable, in each case as provided in Sections 5.01,
        5.07,
        5.09 and 5.10 herein.

      

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

      

      (i) prior
        to
        the occurrence of an Event of Default, and after the curing of all such Events
        of Default which may have occurred, the duties and obligations of the Trustee
        shall be determined solely by the express provisions of this Agreement, the
        Trustee shall not be liable except for the performance of such of its duties
        and
        obligations as are specifically set forth in this Agreement, no implied
        covenants or obligations shall be read into this Agreement against the Trustee
        and, in the absence of bad faith on the part of the Trustee, the Trustee
        may
        conclusively rely, as to the truth of the statements and the correctness
        of the
        opinions expressed therein, upon any certificates or opinions furnished to
        the
        Trustee and conforming to the requirements of this Agreement;

      

      (ii) the
        Trustee shall not be liable for an error of judgment made in good faith by
        a
        Responsible Officer of the Trustee unless it shall be proved that the Trustee
        was negligent in ascertaining or investigating the facts related
        thereto;

      

      (iii) the
        Trustee shall not be personally liable with respect to any action taken,
        suffered or omitted to be taken by it in good faith in accordance with the
        consent or at the direction of the Certificate Insurer, any NIMS Insurer
        or
        Holders of Certificates as provided herein relating to the time, method and
        place of conducting any remedy pursuant to this Agreement, or exercising
        or
        omitting to exercise any trust or power conferred upon the Trustee under
        this
        Agreement; 

      

      (iv) the
        Trustee shall not be responsible for any act or omission of the Servicer
        (except
        in its capacity as successor servicer to the extent provided in Section
        7.02(a)), the Depositor, the Seller or the Custodian; and

      

      (v) the
        Trustee shall not be charged with knowledge of any Event of Default unless
        a
        Responsible Officer of the Trustee at the Corporate Trust Office obtains
        actual
        knowledge of such failure or the Trustee receives written notice at the
        Corporate Trust Office of such Event of Default.

      

      The
        Trustee shall not appoint any Subcontractor without receiving the prior written
        consent of the Depositor to appoint any Subcontractor, which consent shall
        not
        be unreasonably withheld. If the Trustee appoints a Subcontractor without
        receiving such prior written consent, the Trustee shall be deemed to be in
        breach of this Agreement and may be removed by the Depositor.

      

      
        
          
          

        

        
          121

          
            

          

        

        
          
          

        

      

      The
        Trustee shall promptly notify the Depositor and the Sponsor of knowledge
        thereof
        (i) of any legal proceedings pending against the Trustee of the type described
        in Item 1117 (§ 229.1117) of Regulation AB and (ii) if the Trustee shall become
        (but only to the extent not previously disclosed) at any time an affiliate
        of
        any of the responsible parties listed on Exhibit O. On or before March 1
        of each
        year, the Depositor shall distribute the information on Exhibit O to the
        Trustee.

      

      The
        Trustee shall not be required to expend or risk its own funds or otherwise
        incur
        financial or other liability in the performance of any of its duties hereunder,
        or in the exercise of any of its rights or powers, if there is reasonable
        ground
        for believing that the repayment of such funds or indemnity satisfactory
        to it
        against such risk or liability is not assured to it, and none of the provisions
        contained in this Agreement shall in any event require the Trustee to perform,
        or be responsible for the manner of performance of, any of the obligations
        of
        the Servicer under the Servicing Agreement, except during such time, if any,
        as
        the Trustee shall be the successor to, and be vested with the rights, duties,
        powers and privileges of, the Servicer in accordance with the terms of the
        Servicing Agreement.

       

      
        	 	
                SECTION
                  8.02.

              	
                Certain
                  Matters Affecting the Trustee.

              

      

      

      Except
        as
        otherwise provided in Section 8.01 hereof:

      

      (i) the
        Trustee may request and conclusively rely upon, and shall be fully protected
        in
        acting or refraining from acting upon, any resolution, Officers’ Certificate,
        certificate of auditors or any other certificate, statement, instrument,
        opinion, report, notice, request, consent, order, appraisal, bond or other
        paper
        or document reasonably believed by it to be genuine and to have been signed
        or
        presented by the proper party or parties, and the manner of obtaining consents
        and of evidencing the authorization of the execution thereof by
        Certificateholders shall be subject to such reasonable regulations as the
        Trustee may prescribe;

      

      (ii) the
        Trustee may consult with counsel and any advice of its counsel or any Opinion
        of
        Counsel shall be full and complete authorization and protection in respect
        of
        any action taken or suffered or omitted by it hereunder in good faith and
        in
        accordance with such advice or Opinion of Counsel;

      

      (iii) the
        Trustee shall not be under any obligation to exercise any of the rights or
        powers vested in it by this Agreement, or to institute, conduct or defend
        any
        litigation hereunder or in relation hereto, at the request, order or direction
        of any of the Certificateholders or any NIMS Insurer pursuant to the provisions
        of this Agreement, unless such Certificateholders or any NIMS Insurer shall
        have
        offered to the Trustee reasonable security or indemnity satisfactory to it
        against the costs, expenses and liabilities which may be incurred therein
        or
        thereby; the right of the Trustee to perform any discretionary act enumerated
        in
        this Agreement shall not be construed as a duty, and the Trustee shall not
        be
        answerable for other than its negligence or willful misconduct in the
        performance of any such act;

      

      
        
          
          

        

        
          122

          
            

          

        

        
          
          

        

      

      (iv) the
        Trustee shall not be personally liable for any action taken, suffered or
        omitted
        by it in good faith and believed by it to be authorized or within the discretion
        or rights or powers conferred upon it by this Agreement;

      

      (v) prior
        to
        the occurrence of an Event of Default and after the curing or waiver of all
        Events of Default which may have occurred, the Trustee shall not be bound
        to
        make any investigation into the facts or matters stated in any resolution,
        certificate, statement, instrument, opinion, report, notice, request, consent,
        order, approval, bond or other paper or documents, unless requested in writing
        to do so by the Certificate Insurer, any NIMS Insurer or the Majority
        Certificateholder; provided,
        however,
        that if
        the payment within a reasonable time to the Trustee of the costs, expenses
        or
        liabilities likely to be incurred by it in the making of such investigation
        is,
        in the opinion of the Trustee not reasonably assured to the Trustee by the
        security afforded to it by the terms of this Agreement, the Trustee may require
        reasonable indemnity against such cost, expense, liability or payment of
        such
        estimated expenses from the Certificate Insurer, any NIMS Insurer or the
        Certificateholders, as applicable, as a condition to such proceeding. If
        the
        Servicer fails to reimburse the Trustee in respect of the reasonable expense
        of
        every such examination relating to the Servicer, the Trustee shall be reimbursed
        by the Trust Fund;

      

      (vi) the
        Trustee shall not be accountable, shall have no liability and makes no
        representation as to any acts or omissions hereunder of the Servicer until
        such
        time as the Trustee may be required to act as the Servicer pursuant to Section
        7.02 hereof and thereupon only for the acts or omissions of the Trustee as
        a
        successor Servicer; 

      

      (vii) the
        Trustee may execute any of the trusts or powers hereunder or perform any
        duties
        hereunder either directly or by or through agents, nominees, attorneys or
        a
        custodian, and shall not be responsible for any willful misconduct or negligence
        on the part of any agent, nominee, attorney or custodian appointed by the
        Trustee in good faith;

      

      (viii) the
        right
        of the Trustee to perform any discretionary act enumerated in this Agreement
        shall not be construed as a duty, and the Trustee shall not be answerable
        for
        other than its negligence or willful misconduct in the performance of such
        act;
        and

      

      (ix) in
        order
        to comply with laws, rules, regulations and executive orders in effect from
        time
        to time applicable to banking institutions, including those relating to the
        funding of terrorist activities and money laundering (“Applicable Law”), the
        Trustee is required to obtain, verify and record certain information relating
        to
        certain individuals and certain entities which maintain a business relationship
        with the Trustee. Accordingly, each of the parties agrees to provide the
        Trustee
        upon its request from time to time such identifying information and
        documentation as may be available for such party in order to enable the Trustee
        to comply with Applicable Law.

      

      It
        is
        expressly understood and agreed that the Trustee shall be entitled to all
        the
        rights, protections, immunities, and indemnities set forth herein, with respect
        to the Reconstitution Agreement, the Servicing Agreement, and the Custodial
        Agreement, and any actions taken or omitted by the Trustee pursuant to the
        terms
        thereof, as if such rights, protections, immunities, and indemnities were
        specifically set forth therein.

      

      

      
        
          
          

        

        
          123

          
            

          

        

        
          
          

        

      

      
        	 	
                SECTION
                  8.03.

              	
                Trustee
                  Not Liable for Certificates or Mortgage
                  Loans.

              

      

      

      The
        recitals contained herein and in the Certificates (other than the authentication
        and countersignature on the Certificates) shall be taken as the statements
        of
        the Depositor or the Seller, and the Trustee assumes no responsibility for
        the
        correctness of the same. The Trustee makes no representations or warranties
        as
        to the validity or sufficiency of this Agreement or of the Certificates (other
        than the countersignature and authentication on the Certificates) or of any
        Mortgage Loan or related document or of MERS or the MERS System. The Trustee
        shall not at any time have any responsibility or liability for or with respect
        to the legality, validity and enforceability of the Financial Guaranty Insurance
        Policy, any Mortgage or any Mortgage Loan, or the perfection and priority
        of any
        Mortgage or the maintenance of any such perfection and priority, or for or
        with
        respect to the sufficiency of the Trust Fund or its ability to generate the
        payments to be distributed to Certificateholders under this Agreement,
        including, without limitation: the existence, condition and ownership of
        any
        Mortgaged Property; the existence and enforceability of any hazard insurance
        thereon (other than if the Trustee shall assume the duties of the Servicer
        pursuant to Section 7.02 hereof); the validity of the assignment of any Mortgage
        Loan to the Trustee or of any intervening assignment; the completeness of
        any
        Mortgage Loan; the performance or enforcement of any Mortgage Loan (other
        than
        if the Trustee shall assume the duties of the Servicer pursuant to Section
        7.02
        hereof); the compliance by the Depositor or the Seller with any warranty
        or
        representation made under this Agreement or in any related document or the
        accuracy of any such warranty or representation prior to the Trustee’s receipt
        of notice or other discovery of any non-compliance therewith or any breach
        thereof; the acts or omissions of the Servicer (other than if the Trustee
        shall
        assume the duties of the Servicer pursuant to Section 7.02 hereof, and then
        only
        for the acts or omissions of the Trustee as the successor Servicer); or any
        action by the Trustee taken at the instruction of the Servicer (other than
        if
        the Trustee shall assume the duties of the Servicer pursuant to Section 7.02
        hereof, and then only for the actions of the Trustee as the successor Servicer);
        provided,
        however,
        that
        the foregoing shall not relieve the Trustee of its obligation to perform
        its
        duties under this Agreement, including, without limitation, the Trustee’s duty
        to review the Mortgage Files, if so required pursuant to Section 2.01 of
        this
        Agreement.

      

      
        	 	
                SECTION
                  8.04.

              	
                Trustee
                  and Custodian May Own
                  Certificates.

              

      

      

      The
        Trustee and the Custodian, in their respective individual capacities, or
        in any
        capacity other than as Trustee or Custodian hereunder, may become the owner
        or
        pledgee of any Certificates with the same rights they would have if they
        were
        not Trustee or Custodian, as applicable, and may otherwise deal with the
        parties
        hereto.

      

      
        	 	
                SECTION
                  8.05.

              	
                Trustee’s
                  Fees and Expenses.

              

      

      

      The
        Trustee shall be compensated by the Trustee Fee as compensation for its services
        hereunder. In addition, the Trustee will be entitled to recover from the
        Distribution Account pursuant to Section 4.03(a) all reasonable out-of-pocket
        expenses, disbursements and advances, including without limitation, in
        connection with any filing that the Trustee is required to make under Section
        3.07 hereof, any Event of Default, any breach of this Agreement or any claim
        or
        legal action (including any pending or threatened claim or legal action)
        incurred or made by the Trustee in the performance of its duties or the
        administration of the trusts hereunder (including, but not limited to, the
        performance of its duties under Section 2.03 hereof) or under the Financial
        Guaranty Insurance Policy (including the reasonable compensation, expenses
        and
        disbursements of its counsel) or incurred or made by the Trustee under each
        of
        the Yield Maintenance Allocation Agreement and the Yield Maintenance Agreement
        (including the reasonable compensation, expenses and disbursements of its
        counsel) except any such expense, disbursement or advance as may arise from
        its
        negligence or intentional misconduct or which is specifically designated
        herein
        as the responsibility of the Depositor, the Seller, the Certificateholders
        or
        the Trust Fund hereunder or thereunder. If funds in the Distribution Account
        are
        insufficient therefor, the Trustee shall recover such expenses from future
        collections on the Mortgage Loans or as otherwise agreed by the
        Certificateholders. Such compensation and reimbursement obligation shall
        not be
        limited by any provision of law in regard to the compensation of a trustee
        of an
        express trust.

      

      
        
          
          

        

        
          124

          
            

          

        

        
          
          

        

      

      
        	 	
                SECTION
                  8.06.

              	
                Eligibility
                  Requirements for Trustee.

              

      

      

      The
        Trustee hereunder shall at all times (i) be an institution whose accounts
        are
        insured by the FDIC, (ii) be an entity duly organized and validly existing
        under
        the laws of the United States of America or any state thereof, authorized
        under
        such laws to exercise corporate trust powers, having a combined capital and
        surplus of at least $50,000,000 and (except with respect to the initial Trustee)
        a minimum long-term debt rating in the third highest rating category by each
        Rating Agency and in each Rating Agency’s two highest short-term rating
        categories, and subject to supervision or examination by federal or state
        authority and (iii) not be an Affiliate of any Servicer. If such entity
        publishes reports of condition at least annually, pursuant to law or to the
        requirements of the aforesaid supervising or examining authority, then for
        the
        purposes of this Section 8.06, the combined capital and surplus of such entity
        shall be deemed to be its combined capital and surplus as set forth in its
        most
        recent report of condition so published. The principal office of the Trustee
        (other than the initial Trustee) shall be in a state with respect to which
        an
        Opinion of Counsel has been delivered to such Trustee at the time such Trustee
        is appointed Trustee to the effect that the Trust Fund will not be a taxable
        entity under the laws of such state. In case at any time the Trustee shall
        cease
        to be eligible in accordance with the provisions of this Section 8.06, the
        Trustee shall resign immediately in the manner and with the effect specified
        in
        Section 8.07 hereof.

      

      
        	 	
                SECTION
                  8.07.

              	
                Resignation
                  or Removal of Trustee.

              

      

      

      The
        Trustee (including the Trustee as Certificate Registrar) may at any time
        resign
        and be discharged from the trust hereby created by giving written notice
        thereof
        to the Depositor, the Certificate Insurer, the Seller, any NIMS Insurer and
        each
        Rating Agency. Upon receiving such notice of resignation of the Trustee,
        the
        Depositor shall promptly appoint a successor Trustee that meets the requirements
        in Section 8.06 and is reasonably acceptable to any NIMS Insurer and the
        Certificate Insurer or, in the case of notice of resignation of the Trustee
        (in
        consultation with the Depositor) shall promptly appoint a successor Trustee
        that
        meets the requirements in Section 8.06 and is reasonably acceptable to any
        NIMS
        Insurer and the Certificate Insurer, in each case, by written instrument,
        with a
        copy of such written instrument delivered to (i) the resigning Trustee, (ii)
        the
        successor Trustee, (iii) any NIMS Insurer and (iv) the Certificate Insurer.
        If
        no successor Trustee shall have been so appointed and having accepted
        appointment within 30 days after the giving of such notice of resignation,
        the
        resigning Trustee may petition any court of competent jurisdiction for the
        appointment of a successor Trustee.

      

      
        
          
          

        

        
          125

          
            

          

        

        
          
          

        

      

      If
        at any
        time the Trustee (a) shall cease to be eligible in accordance with the
        provisions of Section 8.06 hereof shall fail to resign after written request
        therefor by the Depositor or any NIMS Insurer or if at any time the Trustee,
        (b)
        shall be legally unable to act, or shall be adjudged a bankrupt or insolvent,
        or
        a receiver of the Trustee or of its property shall be appointed, or any public
        officer shall take charge or control of the Trustee or of its property or
        affairs for the purpose of rehabilitation, conservation or liquidation, (c)
        shall fail to deliver to the Depositor and the Sponsor the assessment of
        compliance or an attestation report required under Section 3.04 hereto within
        15
        calendar days of March 1 of each calendar year in which Exchange Act reports
        are
        required or (d) shall fail to file any Form 10-D or Form 10-K when due pursuant
        to Section 3.07 hereof (other than as a result of the failure of the Depositor
        to sign and return to the Trustee such Form 10-D or Form 10-K within the
        time
        limitations of Section 3.07 or any other party to deliver information in
        a
        timely manner as set forth in Section 3.07), then the Depositor or any NIMS
        insurer may immediately remove the Trustee. If the Depositor removes the
        Trustee
        under the authority of the immediately preceding sentence, the Depositor
        shall
        promptly appoint a successor Trustee reasonably acceptable to the Certificate
        Insurer, the NIMS Insurer and that meets the requirements of Section 8.06,
        by
        written instrument, with a copy of such written instrument delivered to (i)
        the
        Trustee so removed, (ii) the successor Trustee, (iii) to the Certificate
        Insurer
        and (iv) to any NIMS Insurer.

      

      The
        Majority Certificateholders (or the Certificate Insurer or any NIMS Insurer
        in
        the event of failure of the Trustee to perform its obligations hereunder)
        may at
        any time remove the Trustee by written instrument or instruments delivered
        to
        the Depositor and the Trustee; the Depositor or the Trustee shall thereupon
        use
        its best efforts to appoint a successor Trustee acceptable to the NIMS Insurer,
        in accordance with this Section.

      

      Any
        resignation or removal of the Trustee and appointment of a successor Trustee
        pursuant to any of the provisions of this Section 8.07 shall not become
        effective until acceptance of appointment by the successor Trustee, as provided
        in Section 8.08 hereof. As long as the Financial Guaranty Insurance Policy
        is in
        effect, the Trustee will send a written notice to the Certificate Insurer
        of any
        such resignation, removal or appointment. If the Trustee is removed pursuant
        to
        this Section 8.07, it shall be reimbursed any outstanding and unpaid fees
        and
        expenses, and if removed under the authority of the immediately preceding
        paragraph, the Trustee or the shall also be reimbursed any outstanding and
        unpaid costs and expenses.

      

      
        	 	
                SECTION
                  8.08.

              	
                Successor
                  Trustee.

              

      

      

      Any
        successor Trustee appointed as provided in Section 8.07 hereof shall execute,
        acknowledge and deliver to the Depositor, any NIMS Insurer, the Seller, its
        predecessor Trustee and, as long as the Financial Guaranty Insurance Policy
        is
        in effect, the Certificate Insurer, an instrument accepting such appointment
        hereunder, and thereupon the resignation or removal of the predecessor Trustee
        shall become effective, and such successor Trustee, without any further act,
        deed or conveyance, shall become fully vested with all the rights, powers,
        duties and obligations of its predecessor hereunder, with like effect as
        if
        originally named as Trustee. The Depositor, the Seller, the predecessor Trustee
        and, as long as the Financial Guaranty Insurance Policy is in effect, the
        Certificate Insurer shall execute and deliver such instruments and do such
        other
        things as may reasonably be required for fully and certainly vesting and
        confirming in the successor Trustee all such rights, powers, duties and
        obligations.

      

      
        
          
          

        

        
          126

          
            

          

        

        
          
          

        

      

      No
        successor Trustee shall accept appointment as provided in this Section 8.08
        unless at the time of such acceptance such successor Trustee shall be eligible
        under the provisions of Section 8.06 hereof and the appointment of such
        successor Trustee shall not result in a downgrading of the Senior Certificates
        by each Rating Agency, as evidenced by a letter from each Rating
        Agency.

      

      Upon
        acceptance of appointment by a successor Trustee, as provided in this Section
        8.08, the successor Trustee shall mail notice of such appointment hereunder
        to
        all Holders of Certificates at their addresses as shown in the Certificate
        Register, to the Certificate Insurer, to any NIMS Insurer and to each Rating
        Agency.

      

      
        	 	
                SECTION
                  8.09.

              	
                Merger
                  or Consolidation of Trustee.

              

      

      

      Any
        entity into which the Trustee may be merged or converted or with which it
        may be
        consolidated, or any entity resulting from any merger, conversion or
        consolidation to which the Trustee shall be a party, or any entity succeeding
        to
        the corporate trust business of the Trustee shall be the successor of the
        Trustee hereunder, provided such entity shall be eligible under the provisions
        of Section 8.06 and 8.08 hereof, without the execution or filing of any paper
        or
        any further act on the part of any of the parties hereto, anything herein
        to the
        contrary notwithstanding.

      

      
        	 	
                SECTION
                  8.10.

              	
                Appointment
                  of Co-Trustee or Separate
                  Trustee.

              

      

      

      Notwithstanding
        any other provisions of this Agreement, at any time, for the purpose of meeting
        any legal requirements of any jurisdiction in which any part of the Trust
        Fund
        or any Mortgaged Property may at the time be located, the Depositor and the
        Trustee acting jointly shall have the power, and the Trustee shall, and shall
        instruct the Depositor to, at the expense of the Trust Fund, execute and
        deliver
        all instruments to appoint one or more Persons, approved by the Trustee,
        the
        Certificate Insurer and any NIMS Insurer to act as co-trustee or co-trustees,
        jointly with the Trustee, or separate trustee or separate trustees, of all
        or
        any part of the Trust Fund, and to vest in such Person or Persons, in such
        capacity and for the benefit of the Certificateholders and the Certificate
        Insurer, such title to the Trust Fund, or any part thereof, and, subject
        to the
        other provisions of this Section 8.10, such powers, duties, obligations,
        rights
        and trusts as the Depositor and the Trustee may consider necessary or desirable.
        No co-trustee or separate trustee hereunder shall be required to meet the
        terms
        of eligibility as a successor Trustee under Section 8.06 hereof, and no notice
        to Certificateholders of the appointment of any co-trustee or separate trustee
        shall be required under Section 8.08 hereof.

      

      Every
        separate trustee and co-trustee shall, to the extent permitted by law, be
        appointed and act subject to the following provisions and
        conditions:

      

      
        
          
          

        

        
          127

          
            

          

        

        
          
          

        

      

      (i) all
        rights, powers, duties and obligations conferred or imposed upon the Trustee
        shall be conferred or imposed upon and exercised or performed by the Trustee
        and
        such separate trustee or co-trustee jointly (it being understood that such
        separate trustee or co-trustee is not authorized to act separately without
        the
        Trustee joining in such act), except to the extent that under any law of
        any
        jurisdiction in which any particular act or acts are to be performed (whether
        as
        Trustee hereunder or as successor to the Servicer hereunder), the Trustee
        shall
        be incompetent or unqualified to perform such act or acts, in which event
        such
        rights, powers, duties and obligations (including the holding of title to
        the
        Trust Fund or any portion thereof in any such jurisdiction) shall be exercised
        and performed singly by such separate trustee or co-trustee, but solely at
        the
        direction of the Trustee;

      

      (ii) no
        trustee hereunder shall be held personally liable by reason of any act or
        omission of any other trustee hereunder; and

      

      (iii) the
        Depositor and the Trustee, acting jointly may at any time accept the resignation
        of or remove any separate trustee or co-trustee.

      

      Any
        notice, request or other writing given to the Trustee shall be deemed to
        have
        been given to each of the then separate trustees and co-trustees, as effectively
        as if given to each of them. Every instrument appointing any separate trustee
        or
        co-trustee shall refer to this Agreement and the conditions of this Article
        VIII. Each separate trustee and co-trustee, upon its acceptance of the trusts
        conferred, shall be vested with the estates or property specified in its
        instrument of appointment, either jointly with the Trustee or separately,
        as may
        be provided therein, subject to all the provisions of this Agreement,
        specifically including every provision of this Agreement relating to the
        conduct
        of, affecting the liability of, or affording protection to, the Trustee.
        Every
        such instrument shall be filed with the Trustee and a copy thereof given
        to the
        Depositor, the Certificate Insurer and any NIMS Insurer.

      

      Any
        separate trustee or co-trustee may, at any time, constitute the Trustee,
        its
        agent or attorney-in-fact, with full power and authority, to the extent not
        prohibited by law, to do any lawful act under or in respect of this Agreement
        on
        its behalf and in its name. If any separate trustee or co-trustee shall die,
        become incapable of acting, resign or be removed, all of its estates,
        properties, rights, remedies and trusts shall vest in and be exercised by
        the
        Trustee, to the extent permitted by law, without the appointment of a new
        or
        successor Trustee.

      

      
        	 	
                SECTION
                  8.11.

              	
                Limitation
                  of Liability.

              

      

      

      The
        Certificates are executed by the Trustee, not in its individual capacity
        but
        solely as Trustee on behalf of the Trust Fund, 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 Fund.

      

      
        	 	
                SECTION
                  8.12.

              	
                Trustee
                  May Enforce Claims Without Possession of
                  Certificates.

              

      

      

      (a) All
        rights of action and claims under this Agreement or the Certificates may
        be
        prosecuted and enforced by the Trustee without the possession of any of the
        Certificates or the production thereof in any proceeding relating thereto,
        and
        such proceeding instituted by the Trustee shall be brought in its own name
        or in
        its capacity as Trustee for the benefit of all Holders of such Certificates,
        subject to the provisions of this Agreement. Any recovery of judgment shall,
        after provision for the payment of the reasonable compensation, expenses,
        disbursement and advances of the Trustee (for the avoidance of doubt, in
        its
        individual capacity and as Trustee on behalf of the Trust Fund), its agents
        and
        counsel, be for the ratable benefit or the Certificateholders in respect
        of
        which such judgment has been recovered.

      

      
        
          
          

        

        
          128

          
            

          

        

        
          
          

        

      

      (b) The
        Trustee shall afford the Seller, the Depositor, the Certificate Insurer and
        each
        Certificateholder upon reasonable notice during normal business hours at
        its
        Corporate Trust Office or other office designated by the Trustee, access
        to all
        records maintained by the Trustee in respect of its duties hereunder and
        access
        to officers of the Trustee responsible for performing such duties. Upon request,
        the Trustee shall furnish the Depositor, the Certificate Insurer and any
        requesting Certificateholder with its most recent audited financial statements.
        The Trustee shall cooperate fully with the Seller, the Depositor, the
        Certificate Insurer and such Certificateholder and shall, subject to the
        first
        sentence of this Section 8.12(b), make available to the Seller, the Depositor,
        the Certificate Insurer and such Certificateholder for review and copying
        such
        books, documents or records as may be requested with respect to the Trustee’s
        duties hereunder. The Seller, the Depositor, the Certificate Insurer and
        the
        Certificateholders shall not have any responsibility or liability for any
        action
        or failure to act by the Trustee and are not obligated to supervise the
        performance of the Trustee under this Agreement or otherwise.

      

      
        	 	
                SECTION
                  8.13.

              	
                Suits
                  for Enforcement.

              

      

      

      In
        case
        an Event of Default or a default by the Depositor hereunder shall occur and
        be
        continuing, the Trustee may proceed to protect and enforce its rights and
        the
        rights of the Certificateholders under this Agreement, as the case may be,
        by a
        suit, action or proceeding in equity or at law or otherwise, whether for
        the
        specific performance of any covenant or agreement contained in this Agreement
        or
        in aid of the execution of any power granted in this Agreement or for the
        enforcement of any other legal, equitable or other remedy, as the Trustee,
        being
        advised by counsel, and subject to the foregoing, shall deem most effectual
        to
        protect and enforce any of the rights of the Trustee, the Certificate Insurer
        and the Certificateholders.

      

      
        	 	
                SECTION
                  8.14.

              	
                Waiver
                  of Bond Requirement.

              

      

      

      The
        Trustee shall be relieved of, and each Certificateholder hereby waives, any
        requirement of any jurisdiction in which the Trust Fund, or any part thereof,
        may be located that the Trustee post a bond or other surety with any court,
        agency or body whatsoever.

      

      
        	 	
                SECTION
                  8.15.

              	
                Waiver
                  of Inventory, Accounting and Appraisal
                  Requirement.

              

      

      

      The
        Trustee shall be relieved of, and each Certificateholder hereby waives, any
        requirement of any jurisdiction in which the Trust Fund, or any part thereof,
        may be located that the Trustee file any inventory, accounting or appraisal
        of
        the Trust Fund with any court, agency or body at any time or in any manner
        whatsoever.

      

      
        
          
          

        

        
          129

          
            

          

        

        
          
          

        

      

      
        	 	
                SECTION
                  8.16.

              	
                Appointment
                  of Custodians.

              

      

      

      The
        Trustee may, and at the direction of the Depositor shall, appoint one or
        more
        custodians to hold all or a portion of the related Mortgage Files as agent
        for
        the Trustee, by entering into a custodial agreement. The custodian may at
        any
        time be terminated and a substitute custodian appointed therefor by the Trustee.
        Subject to this Article VIII, the Trustee agrees to comply with the terms
        of
        each custodial agreement and to enforce the terms and provisions thereof
        against
        the custodian for the benefit of the Certificateholders and the Certificate
        Insurer having an interest in any Mortgage File held by such custodian. Each
        custodian shall be a depository institution or trust company subject to
        supervision by federal or state authority, shall have combined capital and
        surplus of at least $15,000,000 and shall be qualified to do business in
        the
        jurisdiction in which it holds any Mortgage File. The initial custodian of
        the
        Mortgage Loans shall be Deutsche Bank National Trust Company. Deutsche Bank
        National Trust Company shall be compensated by the Trust Fund for its services
        as custodian as set forth in a separate agreement between the Trustee and
        the
        Custodian.

      

      
        	 	
                SECTION
                  8.17.

              	
                Indemnification.

              

      

      

      The
        Trustee and its respective directors, officers, employees and agents shall
        be
        entitled to indemnification from the Trust Fund incurred hereunder or under
        or
        with respect to any Certificate, the Custodial Agreement, the Servicing
        Agreement or under or pursuant to the Mortgage Loan Purchase Agreement, without
        negligence or willful misconduct on the Trustee’s part, arising out of, or in
        connection with, the acceptance or administration of the trusts created
        hereunder or in connection with the performance of the Trustee’s duties
        hereunder including the costs and expenses of defending themselves against
        any
        claim in connection with the exercise or performance of any of their powers
        or
        duties hereunder, provided
        that:

      

      (i) with
        respect to any such claim, the Trustee shall have given the Depositor written
        notice thereof promptly after the Trustee shall have knowledge thereof;
        and

      

      (ii) notwithstanding
        anything to the contrary in this Section 8.17, the Trust Fund shall not be
        liable for settlement of any such claim by the Trustee entered into without
        the
        prior consent of the Depositor, which consent shall not be unreasonably
        withheld.

      

      The
        provisions of this Section 8.17 shall survive any termination of this Agreement
        and the resignation or removal of the Trustee and shall be construed to include,
        but not be limited to any loss, liability or expense under any environmental
        law. 

      

      
        	 	
                SECTION
                  8.18.

              	
                Limitation
                  of Liability of Trustee and Administrator;
                  Indemnification.

              

      

      

      The
        Trustee shall not at any time have any responsibility or liability for or
        with
        respect to the legality, validity and enforceability of the Yield Maintenance
        Agreement or the Yield Maintenance Allocation Agreement. The Administrator
        shall
        not have any liability for any failure or delay in payments to the Trustee
        which
        are required under the Yield Maintenance Allocation Agreement where such
        failure
        or delay is due to the failure of delay of the Yield Maintenance Provider
        in
        making such payment to the Administrator pursuant to the Yield Maintenance
        Agreement. In addition, notwithstanding anything to the contrary in the Yield
        Maintenance Agreement, the Administrator shall not be required to make any
        payment to the Yield Maintenance Provider. Any payment to the Yield Maintenance
        Provider shall be paid on behalf of the Administrator by Greenwich Capital
        Markets, Inc. The Trustee and the Administrator and their respective directors,
        officers, employees and agents shall be entitled to be indemnified and held
        harmless by the Trust Fund from and against any and all losses, claims, expenses
        or other liabilities that arise by reason of or in connection with the
        performance or observance by the Trustee or the Administrator of its respective
        duties or obligations under the Yield Maintenance Allocation Agreement or
        the
        Yield Maintenance Agreement except to the extent that the same is due to
        the
        Administrator’s negligence, willful misconduct or fraud.

      

      
        
          
          

        

        
          130

          
            

          

        

        
          
          

        

      

      
        	 	
                SECTION
                  8.19.

              	
                Administrator’s
                  Fees and Expenses.

              

      

      

      The
        Administrator’s fees under the Yield Maintenance Allocation Agreement and the
        Yield Maintenance Agreement shall be paid from a portion of the Trustee Fee.
        In
        addition, the Administrator will be entitled to recover from the Distribution
        Account pursuant to Section 4.03(a) all reasonable out-of-pocket expenses
        in the
        performance of its duties under the Yield Maintenance Allocation Agreement
        or
        the Yield Maintenance Agreement or the administration of the Yield Maintenance
        Trust (including the reasonable compensation, expenses and disbursements
        of its
        counsel) except any such expense, disbursement or advance as may arise from
        its
        negligence or intentional misconduct. If funds in the Distribution Account
        are
        insufficient therefor, the Administrator shall recover such expenses from
        future
        collections on the Mortgage Loans or as otherwise agreed by the
        Certificateholders. 

      

      
        	 	
                SECTION
                  8.20.

              	
                Resignation
                  or Removal of the
                  Administrator.

              

      

      

      The
        Administrator may at any time resign and be discharged from its duties and
        obligations under the Yield Maintenance Allocation Agreement by giving written
        notice thereof to the Depositor, the Certificate Insurer, the Seller, GCFP,
        any
        NIMS Insurer, the Trustee and each Rating Agency. Upon receiving such notice
        of
        resignation of the Administrator, GCFP shall promptly appoint a successor
        Administrator that is acceptable to any NIMS Insurer by written instrument,
        in
        triplicate, one copy of which instrument shall be delivered to each of (i)
        the
        resigning Administrator, (ii) the successor Administrator and (iii) any NIMS
        Insurer. If no successor Administrator shall have been so appointed and having
        accepted appointment within 30 days after the giving of such notice of
        resignation, the resigning Administrator may petition any court of competent
        jurisdiction for the appointment of a successor Administrator.

      

      GCFP
        (or
        the Certificate Insurer or any NIMS Insurer in the event of failure of the
        Administrator to perform its obligations hereunder) may at any time remove
        the
        Administrator by written instrument or instruments delivered to GCFP, the
        Depositor, the Administrator and the Trustee; GCFP shall thereupon use its
        best
        efforts to appoint a successor Administrator acceptable to the NIMS Insurer,
        in
        accordance with this Section.

      

      Any
        resignation or removal of the Administrator and appointment of a successor
        Administrator, pursuant to any of the provisions of this Section 8.20 shall
        not
        become effective until acceptance of appointment by the successor Administrator.
        As long as the Financial Guaranty Insurance Policy is in effect, the
        Administrator will send a written notice to the Certificate Insurer of any
        such
        resignation, removal or appointment. If the Administrator is removed pursuant
        to
        this Section 8.20, it shall be reimbursed any outstanding and unpaid fees
        and
        expenses.

      

      
        
          
          

        

        
          131

          
            

          

        

        
          
          

        

      

      Notwithstanding
        anything to the contrary contained herein, in the event that the Trustee
        resigns
        or is removed as Trustee hereunder, the Administrator shall have the right
        to
        resign immediately as Administrator by giving written notice to GCFP, the
        Depositor and the Trustee, with a copy to each Rating Agency, the Certificate
        Insurer and any NIMS Insurer. Any Person appointed as successor Trustee pursuant
        to Section 8.07 shall also be required to serve as successor Administrator
        under
        the Yield Maintenance Agreement and the Yield Maintenance Allocation
        Agreement.

      

      
        	 	
                SECTION
                  8.21.

              	
                Closing
                  Opinion of Counsel.

              

      

      

      On
        or
        before the Closing Date, the Trustee shall cause to be delivered to the
        Depositor, the Seller and Greenwich Capital Markets, Inc. an Opinion of Counsel,
        dated the Closing Date, in form and substance reasonably satisfactory to
        the
        Depositor, Greenwich Capital Markets, Inc., and the Seller as to the due
        authorization, execution and delivery of this Agreement by the Trustee and
        the
        enforceability thereof.

      

      ARTICLE
        IX

      

      REMIC
        ADMINISTRATION

      

      
        	 	
                SECTION
                  9.01.

              	
                REMIC
                  Administration.

              

      

      

      (a) As
        set
        forth in the Preliminary Statement to this Agreement, two REMIC elections
        shall
        be made by the Trust Fund. The Trustee shall sign and file such elections
        on
        Form 1066 or other appropriate federal tax or information return for the
        taxable
        year ending on the last day of the calendar year in which the Certificates
        are
        issued. The regular interests in each REMIC created hereunder and the related
        residual interest shall be as designated in the Preliminary Statement. Following
        the Closing Date, the Trustee shall apply to the Internal Revenue Service
        for an
        employer identification number for each REMIC created hereunder by means
        of a
        Form SS-4 or other acceptable method and shall file a Form 8811 with the
        Internal Revenue Service.

      

      (b) The
        Closing Date is hereby designated as the “Startup Day” of each REMIC created
        hereunder within the meaning of section 860G(a)(9) of the Code. The latest
        possible maturity date for each interest in any REMIC created hereby shall
        be
        the Latest Possible Maturity Date.

      

      (c) Except
        as
        provided in subsection (d) of this Section 9.01, the Seller shall pay any
        and
        all tax related expenses (not including taxes) of each REMIC created hereunder,
        including but not limited to any professional fees or expenses related to
        audits
        or any administrative or judicial proceedings with respect to any such REMIC
        that involve the Internal Revenue Service or state tax authorities, but only
        to
        the extent that (i) such expenses are ordinary or routine expenses, including
        expenses of a routine audit but not expenses of litigation (except as described
        in (ii)); or (ii) such expenses or liabilities (including taxes and penalties)
        are attributable to the negligence or willful misconduct of the Trustee in
        fulfilling its duties hereunder (including the Trustee’s duties as tax return
        preparer).

      

      
        
          
          

        

        
          132

          
            

          

        

        
          
          

        

      

      (d) The
        Trustee shall prepare and file, and the Trustee shall sign all of the federal
        and state tax and information returns of each REMIC created hereunder
        (collectively, the “Tax Returns”) as the direct representative. The expenses of
        preparing and filing such Tax Returns shall be borne by the Trustee.
        Notwithstanding the foregoing, the Trustee shall have no obligation to prepare,
        file or otherwise deal with partnership tax information or returns. In the
        event
        that partnership tax information or returns are required by the Internal
        Revenue
        Service, the Seller, at its own cost and expense, will prepare and file all
        necessary returns. The Internal Revenue Service has issued OID regulations
        under
        Sections 1271 to 1275 of the Code generally addressing the treatment of debt
        instruments issued with original issue discount. Under those regulations,
        debt
        issued to one Person generally is aggregated in determining if there is OID.
        If
        one or more Classes of Regular Certificates are issued to one Person (which
        intends to continue to hold the Regular Certificates indefinitely and, in
        any
        case, for at least 30 days), the Trustee, on behalf of the Trust Fund and
        upon
        receipt of written direction from the Depositor, will determine the existence
        and amount of any OID as if those Classes of Regular Certificates were one
        debt
        instrument and based solely on information provided by the Depositor to the
        Trustee.

      

      (e) The
        Trustee shall perform on behalf of each REMIC created hereunder all reporting
        and other tax compliance duties that are the responsibility of each such
        REMIC
        under the Code, the REMIC Provisions or other compliance guidance issued
        by the
        Internal Revenue Service or any state or local taxing authority. Among its
        other
        duties, if required by the Code, the REMIC Provisions or other such guidance,
        the Trustee, shall provide (i) to the Treasury or other governmental authority
        such information as is necessary for the application of any tax relating
        to the
        transfer of a Residual Certificate to any disqualified organization and (ii)
        to
        the Certificateholders such information or reports as are required by the
        Code
        or REMIC Provisions. The Trustee, however, shall have no information or other
        tax reporting obligations with respect to the Final Maturity Reserve Trust.
        In
        addition, the Administrator shall have no information or other tax reporting
        obligations with respect to the Yield Maintenance Trust.

      

      (f) The
        Trustee (to the extent that the affairs of the REMICs are within such Person’s
        control and the scope of its specific responsibilities under the Agreement)
        and
        the Holders of Certificates shall take any action or cause any REMIC created
        hereunder to take any action necessary to create or maintain the status of
        any
        REMIC created hereunder as a REMIC under the REMIC Provisions and shall assist
        each other as necessary to create or maintain such status. None of the Trustee
        or the Holder of a Residual Certificate shall take any action, cause any
        REMIC
        created hereunder to take any action or fail to take (or fail to cause to
        be
        taken) any action that, under the REMIC Provisions, if taken or not taken,
        as
        the case may be, could result in an Adverse REMIC Event unless the Trustee
        and
        any NIMS Insurer have received an Opinion of Counsel (at the expense of the
        party seeking to take such action) to the effect that the contemplated action
        will not result in an Adverse REMIC Event. In addition, prior to taking any
        action with respect to any REMIC created hereunder or the assets therein,
        or
        causing any such REMIC to take any action which is not expressly permitted
        under
        the terms of this Agreement, any Holder of the Residual Certificate will
        consult
        with the Trustee, the NIMS Insurer or their respective designees, in writing,
        with respect to whether such action could cause an Adverse REMIC Event to
        occur
        with respect to any such REMIC, and no such Person shall take any such action
        or
        cause any REMIC created hereunder to take any such action as to which the
        Trustee or any NIMS Insurer has advised it in writing that an Adverse REMIC
        Event could occur. 

      

      
        
          
          

        

        
          133

          
            

          

        

        
          
          

        

      

      (g) Each
        Holder of a Residual Certificate shall pay when due any and all taxes imposed
        on
        any REMIC created hereunder in which it owns the residual interest by federal
        or
        state governmental authorities. To the extent that such Trust Fund taxes
        are not
        paid by the Residual Certificateholder, the Trustee shall pay any remaining
        REMIC taxes out of current or future amounts otherwise distributable to the
        Holder of the Residual Certificate or, if no such amounts are available,
        out of
        other amounts held in the Distribution Account, and shall reduce amounts
        otherwise payable to holders of regular interests in such REMIC, as the case
        may
        be.

      

      (h) The
        Trustee shall, for federal income tax purposes, maintain books and records
        with
        respect to each REMIC created hereunder on a calendar year and on an accrual
        basis.

      

      (i) No
        additional contributions of assets shall be made to any REMIC created hereunder,
        except as expressly provided in this Agreement with respect to eligible
        substitute mortgage loans.

      

      (j) The
        Trustee shall not enter into any arrangement by which any REMIC created
        hereunder will receive a fee or other compensation for services.

      

      (k) The
        Trustee shall treat the Basis Risk Reserve Fund as an outside reserve fund
        within the meaning of Treasury Regulation Section 1.860G-2(h), and not as
        assets
        of any REMIC. The Holders of the Class C Certificates are the owners of the
        Basis Risk Reserve Fund. The Trustee shall treat the rights of the Holders
        of
        the LIBOR Certificates to receive distributions to cover Basis Risk Shortfalls
        from either the Basis Risk Reserve Fund or the Yield Maintenance Account
        as
        payments under a cap contract written by the Holders of the Class C Certificates
        in favor of the related Holders of the LIBOR Certificates. Thus, the LIBOR
        Certificates shall be treated as representing not only ownership of regular
        interests in a REMIC, but also ownership of an interest in an interest rate
        cap
        contract. For purposes of determining the issue prices of the Certificates,
        the
        interest rate cap contracts shall be assumed to have a zero value unless
        and
        until required otherwise by an applicable taxing authority.

      

      (l) The
        Trustee shall treat the Final Maturity Reserve Trust as an outside reserve
        fund
        within the meaning of Treasury Regulation Section 1.860G-2(h) owned by the
        holders of the Class C Certificates and not assets of any REMIC. The Class
        C
        Certificateholder shall be treated as the owner of the Final Maturity Reserve
        Trust and any payments made from the Final Maturity Reserve Trust to beneficial
        owners of Certificates (other than the Class C Certificates) shall be treated
        for federal income tax purposes as payments made by the Class C
        Certificateholder in exchange for an interest in the Certificates then owned
        by
        such beneficial owners.

      

      (m) 
        The
        Trustee shall treat each of the Yield Maintenance Trust, the Yield Maintenance
        Trust Account and the Yield Maintenance Account as an outside reserve fund
        within the meaning of Treasury Regulation Section 1.860G-2(h), and not as
        assets
        of any REMIC. The Holders of the Class C Certificates are the owners of the
        Yield Maintenance Trust, the Yield Maintenance Trust Account and the Yield
        Maintenance Account. The Trustee shall treat the rights of the Holders of
        the
        LIBOR Certificates to receive distributions to cover Basis Risk Shortfalls
        as
        payments under the cap contracts written by the Holders of the Class C
        Certificates in favor of the related Holders of the LIBOR Certificates. Thus,
        the LIBOR Certificates shall be treated as representing not only ownership
        of
        regular interests in a REMIC, but also ownership of an interest in an interest
        rate cap contract. For purposes of determining the issue prices of the LIBOR
        Certificates, the interest rate cap contract shall be assumed to have a zero
        value unless and until required otherwise by an applicable taxing
        authority.

      

      
        
          
          

        

        
          134

          
            

          

        

        
          
          

        

      

      (n) For
        federal income tax purposes, upon any sale of the property held by the Trust
        Fund pursuant to Section 10.01(a), any NIM Redemption Amount and any Premium
        Proceeds paid by the Servicer shall not be treated as a portion of the purchase
        price paid for such property but shall instead be treated as an amount paid
        by
        the Servicer to the Holder of the Class C Certificates pursuant to a cash
        settled call option with respect to the property held by the Trust
        Fund.

      

      
        	 	
                SECTION
                  9.02.

              	
                Prohibited
                  Transactions and Activities.

              

      

      

      None
        of
        the Depositor, the Servicer or the Trustee shall sell, dispose of, or substitute
        for any of the Mortgage Loans, except in a disposition pursuant to (i) the
        foreclosure of a Mortgage Loan, (ii) the bankruptcy of the Trust Fund,
        (iii) the termination of the REMICs created hereunder pursuant to Article
        X of
        this Agreement, (iv) a substitution pursuant to Article II hereof or (v)
        a
        repurchase of Mortgage Loans as contemplated hereunder, nor acquire any assets
        for any REMIC created hereunder, nor sell or dispose of any investments in
        the
        Distribution Account for gain, nor accept any contributions to any REMIC
        created
        hereunder after the Closing Date, unless the Depositor, the Trustee and any
        NIMS
        Insurer have received an Opinion of Counsel (at the expense of the party
        causing
        such sale, disposition, or substitution) that such disposition, acquisition,
        substitution, or acceptance will not result in an Adverse REMIC
        Event.

      

      ARTICLE
        X

      

      TERMINATION

      

      
        	 	
                SECTION
                  10.01.

              	
                Termination.

              

      

      

      (a) The
        respective obligations and responsibilities of the Seller, the Depositor
        and the
        Trustee created hereby (other than the obligation of the Trustee, as Paying
        Agent, to make certain payments to Certificateholders after the Final
        Distribution Date and the obligation of the Servicer to send certain notices
        as
        hereinafter set forth) shall terminate upon notice to the Trustee upon the
        earliest of (i) the Distribution Date on which the Class Principal Balance
        of each Class of Certificates has been reduced to zero an no Certificate
        Insurer
        Reimbursement Amounts are owed to the Certificate Insurer, (ii) the final
        payment or other liquidation of the last Mortgage Loan, (iii) the optional
        purchase of the Mortgage Loans by the Terminator as described in the following
        paragraph and (iv) the Latest Possible Maturity Date. Notwithstanding the
        foregoing, in no event shall the trust created hereby continue beyond the
        expiration of 21 years from the death of the last survivor of the descendants
        of
        Joseph P. Kennedy, the late ambassador of the United States to the Court
        of St.
        James’s, living on the date hereof.

      

      
        
          
          

        

        
          135

          
            

          

        

        
          
          

        

      

      Following
        the date on which the aggregate of the Stated Principal Balances of the Mortgage
        Loans (after giving effect to scheduled payments of principal due during
        the
        related Due Period, to the extent received or advanced, and unscheduled
        collections of principal received during the related Prepayment Period) on
        such
        date is equal to or less than 10% of the Cut-off Date Collateral Balance
        (the
“Call Option Date”), the Servicer (in such context, the “Terminator”), with the
        prior written consent of the NIMS Insurer (which consent shall not be
        unreasonably withheld) or at the direction of the NIMS Insurer may, at its
        option, terminate this Agreement by purchasing, on the next succeeding
        Distribution Date, all of the outstanding Mortgage Loans and REO Properties
        at a
        price equal to (A) the greater of (i) the aggregate Stated Principal Balance
        of
        the Mortgage Loans (after giving effect to scheduled payments of principal
        due
        during the related Due Period, to the extent received or advanced, and
        unscheduled collections of principal received during the related Prepayment
        Period) and the appraised value of the REO Properties and (ii) the fair market
        value of the Mortgage Loans and REO Properties (as determined and as agreed
        upon
        by (w) the Terminator, (x) the NIMS Insurer, (y) the Holders of a majority
        in
        Percentage Interest of the Class C Certificates and (z) if the Holders of
        the
        LIBOR Certificates will not receive all amounts due and payable as a result
        of
        the exercise of the option by the Terminator, the Trustee, in their good
        faith
        business judgment as of the close of business on the third Business Day next
        preceding the date upon which notice of any such termination is furnished
        to the
        related Certificateholders pursuant to Section 10.01(b)), plus, (B) in each
        case, accrued and unpaid interest thereon at the weighted average of the
        Mortgage Rates through the end of the Due Period preceding the Final
        Distribution Date, plus any unreimbursed Servicing Advances and Advances
        and any
        unpaid Servicing Fees allocable to such Mortgage Loans and REO Properties
        and
        all amounts, if any, then due and owing to the Trustee and the Certificate
        Insurer under this Agreement, plus
        any
        Basis Risk Shortfalls then remaining unpaid or which is due to the exercise
        of
        such option (the “Termination Price”); provided,
        however,
        such
        option may only be exercised if the Termination Price is sufficient to result
        in
        the payment of all interest accrued on, as well as amounts necessary to retire
        the Class Principal Balance of, each Class of Certificates issued pursuant
        to
        this Agreement; and, provided,
        further,
        that if
        there are any NIM Notes outstanding, the Servicer may only exercise its option
        after receiving the prior written consent of the holders of such NIM Notes
        and,
        if such consent is given, the Termination Price shall also include an amount
        equal to the sum of (1) any accrued interest on the NIM Notes, (2) the unpaid
        principal balance of any such NIM Notes and (3) any other reimbursable expenses
        owed by the issuer of the NIM Notes (the “NIM Redemption Amount”). If the fair
        market value of the Mortgage Loans and REO Properties shall be required to
        be
        made and agreed upon by the Servicer, if it is Terminator, and the Holders
        of a
        majority of Percentage Interest of the Class C Certificates as provided in
        (ii)
        above in their good faith business judgment, and such determination shall
        take
        into consideration an appraisal of the value of the Mortgage Loans and REO
        Properties conducted by an independent appraiser mutually agreed upon by
        the
        Servicer, if it is the Terminator, the Holders of a majority in Percentage
        Interest of the Class C Certificates and the Terminator in their reasonable
        discretion, such appraisal to be obtained by the Holders of a majority in
        Percentage Interest of the Class C Certificates at their expense, and (A)
        such
        appraisal shall be obtained at no expense to the Trustee and (B) the Trustee
        may
        conclusively rely on, and shall be protected in relying on, such fair market
        value determination. No such purchase by the Terminator will be permitted
        without the consent of the NIMS Insurer and the consent of the Certificate
        Insurer if a draw on the Financial Guaranty Insurance Policy will be made
        or if
        any amounts due to the Certificate Insurer would remain unreimbursed on the
        date
        of termination.

      

      
        
          
          

        

        
          136

          
            

          

        

        
          
          

        

      

      If
        the
        NIMS Insurer directs the Terminator to exercise its option, then (i) the
        NIMS
        Insurer shall remit the Termination Price in immediately available funds
        to the
        Servicer at least three Business Days prior to the applicable Distribution
        Date
        and, upon receipt of such funds from the NIMS Insurer, the Servicer shall
        promptly deposit such funds in the Distribution Account and (ii) upon the
        termination of the Trust Fund, the Trustee will transfer the property of
        the
        Trust Fund to the NIMS Insurer. The NIMS Insurer shall be obligated to reimburse
        the Servicer for its reasonable out-of-pocket expenses incurred in connection
        with its termination of the Trust Fund at the direction of the NIMS Insurer
        and
        shall indemnify and hold harmless the Servicer for all losses, liabilities
        or
        expenses resulting from any claims directly resulting from or relating to
        the
        Terminator’s termination of the Trust Fund at the direction of the NIMS Insurer,
        except to the extent such losses, liabilities or expenses arise out of or
        result
        from the Servicer’s negligence, bad faith or willful misconduct. No such
        purchase by the Servicer or the NIMS Insurer will be permitted without the
        consent of the Certificate Insurer if a draw on the Financial Guaranty Insurance
        Policy will be made or if any amounts due to the Certificate Insurer would
        remain unreimbursed on the Final Distribution Date.

      

      In
        connection with any such purchase pursuant to the preceding paragraph, the
        Servicer shall deposit in the Distribution Account all amounts then on deposit
        in the Servicing Account, which deposit shall be deemed to have occurred
        immediately preceding such purchase.

      

      Notwithstanding
        anything provided herein to the contrary, upon the exercise of the Terminator
        of
        its Call Option, the Servicing Rights Owner shall retain any and all related
        Servicing Rights with respect to the Mortgage Loans.

      

      No
        such
        purchase by the Servicer will be permitted without the consent of the
        Certificate Insurer if a draw on the Financial Guaranty Insurance Policy
        will be
        made or if any amounts due to the Certificate Insurer would remain unreimbursed
        on the Final Distribution Date.

      

      (b) Notice
        of
        any termination pursuant to the second paragraph of Section 10.01(a), specifying
        the Distribution Date (which shall be a date that would otherwise be a
        Distribution Date) upon which the Certificateholders may surrender their
        Certificates to the Certificate Registrar for payment of the final distribution
        and cancellation, shall be given promptly by the Trustee upon the Trustee
        receiving notice of such date from the Servicer by letter to the
        Certificateholders mailed not earlier than the 10th day and not later than
        the 19th day of the month immediately preceding the month of such final
        distribution specifying (1) the Distribution Date upon which final
        distribution of the Certificates will be made upon presentation and surrender
        of
        such Certificates at the office or agency of the Certificate Registrar therein
        designated, (2) the amount of any such final distribution and (3) that
        the Record Date otherwise applicable to such Distribution Date is not
        applicable, distributions being made only upon presentation and surrender
        of the
        Certificates at the office or agency of the Certificate Registrar therein
        specified. The Trustee shall give such notice to the Certificate Insurer
        and the
        Certificate Registrar at the time such notice is given to Holders of the
        Certificates. Upon any such termination, the duties of the Certificate Registrar
        with respect to the Certificates shall terminate and the Trustee shall terminate
        the Distribution Account and any other account or fund maintained with respect
        to the Certificates, subject to the Trustee’s obligation hereunder to hold all
        amounts payable to Certificateholders in trust without interest pending such
        payment.

      

      
        
          
          

        

        
          137

          
            

          

        

        
          
          

        

      

      (c) Upon
        presentation and surrender of the Certificates, the Trustee, as Paying Agent,
        shall cause to be distributed to the Holders of the Certificates on the
        Distribution Date for such final distribution, in proportion to the Percentage
        Interests of their respective Class and to the extent that funds are available
        for such purpose, an amount equal to the amount required to be distributed
        to
        such Holders in accordance with the provisions of Section 5.01 hereof for
        such Distribution Date; provided,
        however,
        that
        with respect to amounts that would otherwise be distributed to the Class
        R
        Certificates (i) with respect to the Group 1 Mortgage Loans on the Final
        Distribution Date, such amounts, if any, shall be distributed to the Class
        2A-1A, Class 2A-1B and Class 2A-1C Certificates, pro
        rata
        up to
        the amount by which the aggregate Class Principal Balance of the classes
        of
        Senior Certificates related to Loan Group 2 on such date is greater than
        the
        Loan Group Balance of the related Group 2 Mortgage Loans for such Distribution
        Date and (ii) with respect to the Group 2 Mortgage Loans on the final
        Distribution Date, such amounts, if any, shall be distributed to the Class
        1A-1A
        and Class 1A-1B Certificates, pro
        rata
        up to
        the amount by which the aggregate Class Principal Balance of the classes
        of
        Senior Certificates related to Loan Group 1 on such date is greater than
        the
        Loan Group Balance of the related Group 1 Mortgage Loans for such Distribution
        Date.

      

      (d) In
        the
        event that all Certificateholders shall not surrender their Certificates
        for
        final payment and cancellation on or before such Final Distribution Date,
        the
        Trustee shall promptly following such date cause all funds in the Distribution
        Account not distributed in final distribution to Certificateholders to be
        withdrawn therefrom and credited to the remaining Certificateholders by
        depositing such funds in a separate account for the benefit of such
        Certificateholders, and within six months, the Trustee shall give a second
        written notice to the remaining Certificateholders to surrender their
        Certificates for cancellation and receive the final distribution with respect
        thereto. If within nine months after the second notice all the Certificates
        shall not have been surrendered for cancellation, the Servicer shall be entitled
        to all unclaimed funds and other assets which remain subject hereto, and
        the
        Trustee upon transfer of such funds shall be discharged of any responsibility
        for such funds, and the Certificateholders shall look to the Servicer for
        payment.

      

      
        	 	
                SECTION
                  10.02.

              	
                Additional
                  Termination Requirements.

              

      

      

      (a) In
        the
        event the purchase option provided in Section 10.01 is exercised, the Trust
        Fund shall be terminated in accordance with the following additional
        requirements:

      

      (i) The
        Trustee shall sell any remaining assets of the Trust Fund for cash and, within
        90 days of such sale, shall distribute to (or credit to the account of) the
        Certificateholders the proceeds of such sale together with any cash on hand
        (less amounts retained to meet claims) in complete liquidation of the Trust
        Fund, and each REMIC created hereunder; and

      

      (ii) The
        Trustee shall attach a statement to the final federal income tax return for
        each
        REMIC created hereunder stating that pursuant to Treasury Regulation §1.860F-1,
        the first day of the 90 day liquidation period for such REMIC was the date
        on
        which the Trustee sold the assets of the Trust Fund and shall satisfy all
        requirements of a qualified liquidation under Section 860F of the Code and
        any
        regulations thereunder as evidenced by an Opinion of Counsel delivered to
        the
        Trustee and the Certificate Insurer obtained at the expense of the
        Seller.

      

      
        
          
          

        

        
          138

          
            

          

        

        
          
          

        

      

      (b) By
        their
        acceptance of Certificates, the Holders thereof hereby agree to appoint the
        Trustee as their attorney in fact to undertake the foregoing steps.

      

      
        	 	
                SECTION
                  10.03.

              	
                NIMS
                  Insurer Optional Purchase Right of Distressed Mortgage
                  Loans.

              

      

      

      The
        NIMS
        Insurer, if any, may purchase any Distressed Mortgage Loan for a purchase
        price
        equal to the outstanding principal balance of such Mortgage Loan plus accrued
        interest thereon to the date of purchase plus any unreimbursed Advances,
        Servicing Advances or Servicing Fees allocable to such Distressed Mortgage
        Loan.
        Any such purchase shall be accomplished by the NIMS Insurer’s remittance of the
        purchase price for the Distressed Mortgage Loan to the Trustee for deposit
        into
        the Distribution Account. The NIMS Insurer shall not use any procedure in
        selecting Distressed Mortgage Loans to be purchased which would be materially
        adverse to Certificateholders.

      

      ARTICLE
        XI

      

      DISPOSITION
        OF TRUST FUND ASSETS

      

      
        	 	
                SECTION
                  11.01.

              	
                Disposition
                  of Trust Fund Assets.

              

      

      

      Neither
        the Trust Fund, nor this Agreement, may be terminated or voided, or any
        disposition of the assets of the Trust Fund effected, other than in accordance
        with the terms hereof, except to the extent that Holders representing no
        less
        than the entire beneficial ownership interest of the Certificates have consented
        in writing to such action.

      

      ARTICLE
        XII 

      

      MISCELLANEOUS
        PROVISIONS

      

      
        	 	
                SECTION
                  12.01.

              	
                Amendment.

              

      

      

      This
        Agreement may be amended from time to time by the Seller, the Depositor,
        the
        Credit Risk Manager and the Trustee (with the consent of any NIMS Insurer)
        without the consent of the Certificateholders and, with respect to any amendment
        that adversely affects the interest of any of the Certificate Insurer or
        the
        Holders of the Insured Certificates, with the prior written consent of the
        Certificate Insurer, (i) to cure any ambiguity, (ii) to correct or
        supplement any provisions herein which may be defective or inconsistent with
        any
        other provisions herein, (iii) to make any other provisions with respect to
        matters or questions arising under this Agreement, which shall not be
        inconsistent with the provisions of this Agreement, or (iv) to conform the
        terms
        hereof to the description thereof provided in the Prospectus or the Private
        Placement Memorandum, as applicable; provided,
        however,
        that
        any such action listed in clause (i) through (iii) above shall not
        adversely affect in any material respect the interests of any Certificateholder;
        provided,
        further,
        that
        any such action listed in (i) through (iii) above shall be deemed not to
        adversely affect in any material respect the interests of any Certificateholder,
        if evidenced by (i) written notice to the Depositor, the Seller, any NIMS
        Insurer, the Credit Risk Manager, the Certificate Insurer and the Trustee
        from
        the Rating Agency that such action will not result in the reduction or
        withdrawal of the rating of any outstanding Class of Certificates with respect
        to which it is a Rating Agency (without regard to the Financial Guaranty
        Insurance Policy) or (ii) an Opinion of Counsel to the effect that such
        amendment shall not adversely affect in any material respect the interests
        of
        any Certificateholder (without taking into account the benefits under the
        Financial Guaranty Insurance Policy), is permitted by the Agreement and all
        the
        conditions precedent, if any, have been complied with, delivered to the Trustee,
        any NIMS Insurer and the Certificate Insurer.

      

      
        
          
          

        

        
          139

          
            

          

        

        
          
          

        

      

      In
        addition, this Agreement may be amended from time to time by Seller, the
        Depositor, the Credit Risk Manager and the Trustee with the consent of any
        NIMS
        Insurer, the Majority Certificateholders and the Certificate Insurer (if
        the
        proposed amendment adversely affects in any respect the rights and interest
        of
        the Certificate Insurer) for the purpose of adding any provisions to or changing
        in any manner or eliminating any of the provisions of this Agreement or of
        modifying in any manner the rights of the Holders of Certificates; and subject,
        in the case of any amendment or modification to Section 5.01(a) hereof, to
        the
        consent of the Deutsche Bank National Trust Company, as Custodian; provided,
        however,
        that no
        such amendment or waiver shall (x) reduce in any manner the amount of, or
        delay the timing of, payments on the Certificates that are required to be
        made
        on any Certificate without the consent of the Holder of such Certificate,
        (y) adversely affect in any material respect the interests of the Holders
        of any Class of Certificates in a manner other than as described in clause
        (x)
        above, without the consent of the Holders of Certificates of such Class
        evidencing at least a 662/3%
        Percentage Interest in such Class, or (z) reduce the percentage of Voting
        Rights required by clause (y) above without the consent of the Holders of
        all Certificates of such Class then outstanding. Upon approval of an amendment,
        a copy of such amendment shall be sent to the Rating Agency.

      

      Notwithstanding
        any provision of this Agreement to the contrary, each of the Trustee and
        the
        NIMS Insurer shall not consent to any amendment to (1) this Agreement unless
        they shall have first received an Opinion of Counsel, delivered by and at
        the
        expense of the Person seeking such Amendment (unless such Person is the Trustee,
        in which case the Trustee shall be entitled to be reimbursed for such expenses
        by the Trust Fund pursuant to Section 8.05 hereof), to the effect that such
        amendment will not result in an Adverse REMIC Event and that the amendment
        is
        being made in accordance with the terms hereof, such amendment is permitted
        by
        this Agreement and all conditions precedent, if any, have been complied with
        and
        (2) the Reconstitution Agreement unless it shall have first received the
        consent
        of the Certificate Insurer.

      

      Promptly
        after the execution of any such amendment the Trustee shall furnish, at the
        expense of the Person that requested the amendment if such Person is the
        Seller
        (but in no event at the expense of the Trustee), otherwise at the expense
        of the
        Trust Fund, a copy of such amendment and the Opinion of Counsel referred
        to in
        the immediately preceding paragraph to the Servicer, the Certificate Insurer,
        the NIMS Insurer and each Rating Agency.

      

      It
        shall
        not be necessary for the consent of Certificateholders under this
        Section 12.01 to approve the particular form of any proposed amendment;
        instead it shall be sufficient if such consent shall approve the substance
        thereof. The manner of obtaining such consents and of evidencing the
        authorization of the execution thereof by Certificateholders shall be subject
        to
        such reasonable regulations as the Trustee may prescribe.

      

      
        
          
          

        

        
          140

          
            

          

        

        
          
          

        

      

      The
        Trustee may, but shall not be obligated to, enter into any amendment pursuant
        to
        this 12.01 Section that affects its rights, duties and immunities under
        this Agreement or otherwise.

      

      
        	 	
                SECTION
                  12.02.

              	
                Recordation
                  of Agreement; Counterparts.

              

      

      

      To
        the
        extent permitted by applicable law, this Agreement is subject to recordation
        in
        all appropriate public offices for real property records in all the counties
        or
        other comparable jurisdictions in which any or all of the Mortgaged Properties
        are situated, and in any other appropriate public recording office or elsewhere,
        such recordation to be effected by the Trustee at the expense of the Trust
        Fund,
        but only upon direction of Certificateholders accompanied by an Opinion of
        Counsel to the effect that such recordation materially and beneficially affects
        the interests of the Certificateholders and the Certificate
        Insurer.

      

      For
        the
        purpose of facilitating the recordation of this Agreement as herein provided
        and
        for other purposes, this Agreement may be executed simultaneously in any
        number
        of counterparts, each of which counterparts shall be deemed to be an original,
        and such counterparts shall together constitute but one and the same
        instrument.

      

      
        	 	
                SECTION
                  12.03.

              	
                Limitation
                  on Rights of
                  Certificateholders.

              

      

      

      The
        death
        or incapacity of any Certificateholder shall not (i) operate to terminate
        this Agreement or the Trust Fund, (ii) entitle such Certificateholder’s
        legal representatives or heirs to claim an accounting or to take any action
        or
        proceeding in any court for a partition or winding up of the Trust Fund or
        (iii) otherwise affect the rights, obligations and liabilities of the
        parties hereto or any of them.

      

      Except
        as
        expressly provided for herein, no Certificateholder shall have any right
        to vote
        or in any manner otherwise control the operation and management of the Trust
        Fund, or the obligations of the parties hereto, nor shall anything herein
        set
        forth or contained in the terms of the Certificates be construed so as to
        constitute the Certificateholders from time to time as partners or members
        of an
        association; nor shall any Certificateholder be under any liability to any
        third
        person by reason of any action taken by the parties to this Agreement pursuant
        to any provision hereof.

      

      No
        Certificateholder shall have any right by virtue of any provision of this
        Agreement to institute any suit, action or proceeding in equity or at law
        upon
        or under or with respect to this Agreement, unless such Holder previously
        shall
        have given to the Trustee a written notice of default and of the continuance
        thereof, as hereinbefore provided, and unless also the Holders of Certificates
        entitled to at least 25% of the Voting Rights shall, with the prior written
        consent of any NIMS Insurer, have made written request upon the Trustee to
        institute such action, suit or proceeding in its own name as Trustee hereunder
        and shall have offered to the Trustee such reasonable indemnity as it may
        require against the costs, expenses and liabilities to be incurred therein
        or
        thereby, and the Trustee for 15 days after its receipt of such notice,
        request and offer of indemnity, shall have neglected or refused to institute
        any
        such action, suit or proceeding and no direction inconsistent with such written
        request has been given the Trustee by such Certificateholder or any NIMS
        Insurer. It is understood and intended, and expressly covenanted by each
        Certificateholder with every other Certificateholder, any NIMS Insurer and
        the
        Trustee, that no one or more Holders of Certificates shall have any right
        in any
        manner whatever by virtue of any provision of this Agreement to affect, disturb
        or prejudice the rights of the Holders of any other of such Certificates
        or the
        rights of any NIMS Insurer, or to obtain or seek to obtain priority over
        or
        preference to any other such Holder or any NIMS Insurer, which priority or
        preference is not otherwise provided for herein, or to enforce any right
        under
        this Agreement, except in the manner herein provided and for the equal, ratable
        and common benefit of all Certificateholders. For the protection and enforcement
        of the provisions of this Section 12.03, each and every Certificateholder,
        the NIMS Insurer and the Trustee shall be entitled to such relief as can
        be
        given either at law or in equity.

      

      
        
          
          

        

        
          141

          
            

          

        

        
          
          

        

      

      By
        accepting its Insured Certificate, each Holder of an Insured Certificate
        agrees
        that, unless a Certificate Insurer Default exists and is continuing, the
        Certificate Insurer shall have the right to exercise all rights of the Holders
        of the Insured Certificates under this Agreement (other than the right to
        receive distributions on the Insured Certificates) without any further consent
        of the Holders of the Insured Certificates and the Holders of the Insured
        Certificates shall exercise any such rights only upon the written consent
        of the
        Certificate Insurer; provided,
        however,
        each
        Holder of an Insured Certificate and the Certificate Insurer will have the
        right
        to receive statements and reports hereunder. Notwithstanding the foregoing,
        the
        Certificate Insurer shall have no power without the consent of the Holder
        of
        each Insured Certificate affected thereby to: (i) reduce in any manner the
        amount of, or delay the timing of, distributions of principal or interest
        required to be made hereunder or reduce the Percentage Interest of the Holders
        of the Insured Certificates, the applicable Pass-Through Rate or the Termination
        Price with respect to any of the Insured Certificates; (ii) reduce the
        percentage of Percentage Interests specified in Section 12.01 which are required
        to amend this Agreement; (iii) create or permit the creation of any lien
        against
        any part of the Trust Fund; (iv) modify any provision in any way which would
        permit an earlier retirement of the Insured Certificates; or (v) amend this
        sentence.

      

      
        	 	
                SECTION
                  12.04.

              	
                Governing
                  Law; Jurisdiction.

              

      

      

      THIS
        AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS
        OF THE
        STATE OF NEW YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS (OTHER
        THAN SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW), AND THE OBLIGATIONS,
        RIGHTS
        AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH
        SUCH LAWS.

      

      
        	 	
                SECTION
                  12.05.

              	
                Notices.

              

      

      

      All
        directions, demands and notices hereunder shall be in writing and shall be
        deemed to have been duly given if personally delivered at or mailed by first
        class mail, postage prepaid, or by express delivery service, to (a) in the
        case of the Seller, to Greenwich Capital Financial Products, Inc.,
        600 Steamboat Road, Greenwich, Connecticut 06830, Attention: General
        Counsel (telecopy number (203) 618-2132), or such other address or telecopy
        number as may hereafter be furnished to the Depositor, the Certificate Insurer
        and the Trustee in writing by the Seller, (b) in the case of the Trustee,
        for
        certificate transfer purposes to the Corporate Trust Office or such other
        address or telecopy number as may hereafter be furnished to the Depositor,
        the
        Certificate Insurer and the Seller in writing by the Trustee, and for all
        other
        purposes at P.O. Box 98, Columbia, Maryland 21046, or for overnight delivery,
        at
        9062 Old Annapolis Road, Columbia, Maryland 21045 (Attention: HarborView
        Mortgage Loan Trust 2006-10) (c) in the case of the Depositor, to Greenwich
        Capital Acceptance, Inc., 600 Steamboat Road, Greenwich, Connecticut
        06830, Attention: Legal (telecopy number (203) 618-2132), or such other
        address or telecopy number as may be furnished to the Seller, the Certificate
        Insurer and the Trustee in writing by the Depositor; (d) in the case of the
        Certificate Insurer, to Financial Security Assurance Inc., 31 West
        52nd
        Street,
        New York, New York 10019, Attention: Surveillance Department (telecopy number
        (212) 339-3518),
        or such other address or telecopy number as may be furnished to the Depositor,
        the Seller and the Trustee in writing by the Certificate Insurer; and (e)
        in
        the
        case of the Credit Risk Manager, Clayton Fixed Income Services Inc., 1700
        Lincoln Street, Suite 1600, Denver, Colorado 80203, Attention: General Counsel.
        Any notice required or permitted to be mailed to a Certificateholder shall
        be
        given by first class mail, postage prepaid, at the address of such Holder
        as
        shown in the Certificate Register. Notice of any Event of Default shall be
        given
        by telecopy and by certified mail. Any notice so mailed within the time
        prescribed in this Agreement shall be conclusively presumed to have duly
        been
        given when mailed, whether or not the Certificateholder receives such notice.
        A
        copy of any notice required to be telecopied hereunder shall also be mailed
        to
        the appropriate party in the manner set forth above. Any notice required
        to be
        delivered by the Trustee to the Depositor pursuant to Section 3.19 may be
        delivered by the Trustee, notwithstanding any provision of this Agreement
        to the
        contrary, to Greenwich Capital Acceptance, Inc., 600 Steamboat Road,
        Greenwich, Connecticut 06830, Attention: Mark Hagelin (telephone number (203)
        618-2596; fax number (203) 422-4284; e-mail mark.hagelin@gcm.com), or such
        other
        address or telecopy number as may be furnished to the Trustee in writing
        by the
        Depositor.

      

      
        
          
          

        

        
          142

          
            

          

        

        
          
          

        

      

      
        	 	
                SECTION
                  12.06.

              	
                Severability
                  of Provisions.

              

      

      

      If
        any
        one or more of the covenants, agreements, provisions or terms of this Agreement
        shall for any reason whatsoever be held invalid, then such covenants,
        agreements, provisions or terms shall be deemed severable from the remaining
        covenants, agreements, provisions or terms of this Agreement and shall in
        no way
        affect the validity or enforceability of the other provisions of this Agreement
        or of the Certificates or the rights of the Holders thereof.

      

      
        	 	
                SECTION
                  12.07.

              	
                Article
                  and Section References.

              

      

      

      All
        article and section references used in this Agreement, unless otherwise
        provided, are to articles and sections in this Agreement.

      

      
        	 	
                SECTION
                  12.08.

              	
                Notice
                  to the Rating Agencies.

              

      

      

      (a) The
        Trustee shall be obligated to use its best reasonable efforts promptly to
        provide notice to the Rating Agencies, the Certificate Insurer and any NIMS
        Insurer with respect to each of the following of which a Responsible Officer
        of
        the Trustee has actual knowledge:

      

      (i) any
        material change or amendment to this Agreement;

      

      
        
          
          

        

        
          143

          
            

          

        

        
          
          

        

      

      (ii) the
        occurrence of any Event of Default that has not been cured or
        waived;

      

      (iii) the
        resignation or termination of the Servicer or the Trustee;

      

      (iv) the
        final
        payment to Holders of the Certificates of any Class; and

      

      (v) any
        change in the location of any Account.

      

      (b) If
        the
        Trustee is acting as a successor Servicer pursuant to Section 7.02 hereof,
        the
        Trustee shall notify the Rating Agencies of any event that would result in
        the
        inability of the Trustee to make Advances as successor Servicer:

      

      (c) The
        Trustee shall promptly furnish to each Rating Agency copies of the following,
        unless such documents were made available on the Trustee’s website:

      

      (i) each
        Distribution Date Statement described in Section 5.04 hereof;

      

      (ii) each
        annual statement as to compliance described in Section 3.05 hereof;

      

      (iii) each
        annual assessment of compliance and attestation report described in Section
        3.05
        hereof; and

      

      (iv) each
        notice delivered to the Trustee pursuant to Section 5.05(b) hereof which
        relates
        to the fact that the Servicer has not made an Advance.

      

      (d) All
        notices to the Rating Agencies provided for in this Agreement shall be in
        writing and sent by first class mail, telecopy or overnight courier, as
        follows:

      

      If
        to
        Moody’s, to:

      

      Moody’s
        Investors Service, Inc.

      99
        Church
        Street

      New
        York,
        New York 10007

      Attention:
        Residential Mortgages

      

      If
        to
        S&P, to:

      

      Standard
        & Poor’s Ratings Services,

      a
        division of The McGraw-Hill Companies, Inc.

      55
        Water
        Street

      New
        York,
        New York 10041

      Facsimile
        number: (212) 438-2661

      

      
        	 	
                SECTION
                  12.09.

              	
                Further
                  Assurances.

              

      

      

      Notwithstanding
        any other provision of this Agreement, neither the Regular Certificateholders
        nor the Trustee shall have any obligation to consent to any amendment or
        modification of this Agreement unless they have been provided reasonable
        security or indemnity against their out-of-pocket expenses (including reasonable
        attorneys’ fees) to be incurred in connection therewith.

      

      
        
          
          

        

        
          144

          
            

          

        

        
          
          

        

      

      
        	 	
                SECTION
                  12.10.

              	
                Benefits
                  of Agreement.

              

      

      

      Nothing
        in this Agreement or in the Certificates, expressed or implied, shall give
        to
        any Person, other than the Certificateholders and the parties hereto and
        their
        successors hereunder, any benefit or any legal or equitable right, remedy
        or
        claim under this Agreement.

      
         

        The
          Certificate Insurer is an intended third-party beneficiary of this Agreement
          with respect to the rights of the Classes of Insured Certificates. Any
          right
          conferred to the Certificate Insurer, other than the rights to receive notices or documentation, shall be suspended after the occurrence
          and
          during the continuation of a Certificate Insurer Default. During any period
          of
          suspension, the Certificate Insurer’s rights hereunder shall vest in the Holders
          of the Insured Certificates (to the extent such Holders otherwise has such
          rights hereunder). At such time as the Class Principal Balance of the Insured
          Certificates has been reduced to zero and the Certificate Insurer has been
          reimbursed for all amounts to which it is entitled hereunder, the Certificate
          Insurer’s rights hereunder shall terminate.

         

        The
          Depositor shall promptly notify the Custodian and the Trustee in writing
          of the
          issuance of any Class of NIMS Securities and the identity of any related
          NIMS
          Insurer. Thereafter, the NIMS Insurer shall be deemed a third-party beneficiary
          of this Agreement to the same extent as if it were a party hereto, and
          shall be
          subject to and have the right to enforce the provisions of this Agreement
          so
          long as the NIMS Securities remaining outstanding or the NIMS Insurer is
          owed
          amounts in respect of its guarantee of payment of such NIMS Securities.
          Nothing
          in this Agreement or in the Certificates, express or implied, shall give
          to any
          Person, other than the parties to this Agreement and their successors hereunder,
          the Yield Maintenance Provider and its successors and assignees under the
          Yield
          Maintenance Agreement, the Holders of the Certificates and the NIMS Insurer,
          any
          benefit or any legal or equitable right, power, remedy or claim under this
          Agreement.

      

      

      
        	 	
                SECTION
                  12.11.

              	
                Acts
                  of Certificateholders.

              

      

      

      (a) Any
        request, demand, authorization, direction, notice, consent, waiver or other
        action provided by this Agreement to be given or taken by the Certificateholders
        may be embodied in and evidenced by one or more instruments of substantially
        similar tenor signed by such Certificateholders in person or by agent duly
        appointed in writing, and such action shall become effective when such
        instrument or instruments are delivered to the Trustee. Such instrument or
        instruments (and the action embodied therein and evidenced thereby) are herein
        sometimes referred to as the “act” of the Certificateholders signing such
        instrument or instruments. Proof of execution of any such instrument or of
        a
        writing appointing any such agent shall be sufficient for any purpose of
        this
        Agreement and conclusive in favor of the Trustee and the Trust Fund, if made
        in
        the manner provided in this Section 12.11.

      

      (b) The
        fact
        and date of the execution by any Person of any such instrument or writing
        may be
        proved by the affidavit of a witness of such execution or by the certificate
        of
        a notary public or other officer authorized by law to take acknowledgments
        of
        deeds, certifying that the individual signing such instrument or writing
        acknowledged to him the execution thereof. Whenever such execution is by
        a
        signer acting in a capacity other than his or her individual capacity, such
        certificate or affidavit shall also constitute sufficient proof of his
        authority.

      

      
        
          
          

        

        
          145

          
            

          

        

        
          
          

        

      

      (c) Any
        request, demand, authorization, direction, notice, consent, waiver or other
        action by any Certificateholder shall bind every future Holder of such
        Certificate and the Holder of every Certificate issued upon the registration
        of
        transfer thereof or in exchange therefor or in lieu thereof, in respect of
        anything done, omitted or suffered to be done by the Trustee or the Trust
        Fund
        in reliance thereon, whether or not notation of such action is made upon
        such
        Certificate.

      

      
        	 	
                SECTION
                  12.12.

              	
                Successors
                  and Assigns.

              

      

      

      The
        provisions of this Agreement shall be binding upon and inure to the benefit
        of
        the respective successors and assigns of the parties hereto.

      

      
        	 	
                SECTION
                  12.13.

              	
                Provision
                  of Information.

              

      

      

      For
        so
        long as any of the Certificates of any Class are “restricted securities” within
        the meaning of Rule 144(a)(3) under the Securities Act, the Depositor agrees
        to
        provide to any Certificateholders, any NIM Security Holder and to any
        prospective purchaser of Certificates designated by such Holder, upon the
        request of such Holder or prospective purchaser, any information required
        to be
        provided to such Holder or prospective purchaser to satisfy the condition
        set
        forth in Rule 144A(d)(4) under the Securities Act. 

      

      The
        Trustee shall provide to any person to whom a Prospectus or Private Placement
        Memorandum was delivered by Greenwich Capital Markets, Inc. (as identified
        by
        Greenwich Capital Markets, Inc.), upon the request of such person specifying
        the
        document or documents requested (and certifying that it is a Person entitled
        hereunder), (i) a copy (excluding exhibits) of any report on Form 8-K, Form
        10-D
        or Form 10-K filed with the Securities and Exchange Commission pursuant to
        this
        Agreement and (ii) a copy of any other document incorporated by reference
        in the
        Prospectus or Private Placement Memorandum (to the extent in the Trustee’s
        possession). Any reasonable out-of-pocket expenses incurred by the Trustee
        in
        providing copies of such documents shall be reimbursed by the
        Depositor.

      

      
        	 	
                SECTION
                  12.14.

              	
                Transfer
                  of Servicing.

              

      

      

      The
        Trustee shall not consent to or approve the assignment of the Servicing
        Agreement or the servicing thereunder or the delegation of a substantial
        portion
        of GMAC’s rights or duties thereunder unless it shall have first received a
        letter from each Rating Agency to the effect that such action on the part
        of the
        Servicer will not result in a qualification, withdrawal or downgrade of the
        then-current rating of any of the Certificates (without regard to the Financial
        Guaranty Insurance Policy). The Trustee (on behalf of the Trust Fund) shall
        be
        entitled to conclusively rely upon documents received by it pursuant to clauses
        (i) and (ii) above in providing such written approval to the Servicer and
        shall
        not be liable for any action taken, suffered or omitted by it in good faith
        and
        believed by it to be authorized or within the discretion or rights or powers
        conferred upon it by this Agreement with respect to such approval.

      

      
        
          
          

        

        
          146

          
            

          

        

        
          
          

        

      

      
        	 	
                SECTION
                  12.15.

              	
                Tax
                  Treatment of the Class ES
                  Certificates.

              

      

      

      It
        is the
        intent of the parties hereto that the segregated pool of assets consisting
        of
        any collections in respect of the Class ES Distributable Amount payable to
        the
        Class ES Certificate constitutes, for federal income tax purposes, a grantor
        trust as described in Subpart E of Part I of Subchapter J of the Code and
        Treasury Regulation §301.7701-4(c)(2). The Trustee shall prepare, sign and file,
        all of the tax returns in respect of such grantor trusts. The expenses of
        preparing and filing such returns shall be borne by the Trustee without any
        right of reimbursement therefor. The Trustee shall comply with each such
        requirement by filing Form 1041 or other applicable form.

      

      
        
          
          

        

        
          147

          
            

          

        

        
          
          

        

      

      IN
        WITNESS WHEREOF, the parties hereto have caused their names to be signed
        hereto
        by their respective officers thereunto duly authorized, all as of the day
        and
        year first above written.

      

      GREENWICH
        CAPITAL ACCEPTANCE, INC.,

      as
        Depositor

       

       

      By: 
        /s/ Shakti Radhakishun            

      Name:
        Shakti Radhakishun

      Title:
        Senior Vice President

       

       

      GREENWICH
        CAPITAL FINANCIAL 

      PRODUCTS,
        INC., as Seller

       

       

      By: 
        /s/ Shakti Radhakishun            

      Name:
        Shakti Radhakishun

      Title:
        Senior Vice President

       

       

      WELLS
        FARGO BANK, N.A.,

      as
        Trustee

       

       

      By: 
        /s/ Graham Oglesby              

      Name:
        Graham Oglesby

      Title:
        Assistant Vice President

       

       

      CLAYTON
        FIXED INCOME SERVICES INC., 
as Credit Risk Manager

       

       

      By: 
        /s/ Kevin J. Kanouff              
Name:
        Kevin J. Kanouff
Title:
        President and General Counsel

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

     

    

    EXHIBIT
      A

     

    FORM
      OF SENIOR CERTIFICATE

     

    CLASS
      [      ]A[-1[       ]]
      CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE OR ITS AGENT FOR
      REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED
      IS
      REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED
      BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE &
CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE
      OF
      DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
      TO
      ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO.,
      HAS AN INTEREST HEREIN.

     

    IF
      THE
      RATING OF THIS CERTIFICATE IS BELOW “AA-” OR ITS EQUIVALENT WHEN IT IS ACQUIRED,
      THE HOLDER OF THIS CERTIFICATE BY ITS ACCEPTANCE HEREOF IS DEEMED TO HAVE
      REPRESENTED AND WARRANTED THAT (A) SUCH TRANSFEREE IS NOT AN EMPLOYEE BENEFIT
      PLAN SUBJECT TO SECTION 406 OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT
      OF
      1974, AS AMENDED (“ERISA”), OR A PLAN OR ARRANGEMENT SUBJECT TO SECTION 4975 OF
      THE CODE (COLLECTIVELY, A “PLAN”) NOR A PERSON ACTING ON BEHALF OF ANY SUCH PLAN
      OR ARRANGEMENT NOR A PERSON USING THE ASSETS OF ANY SUCH PLAN TO EFFECT THE
      TRANSFER OR (B) IF THIS CERTIFICATE HAS BEEN THE OBJECT OF AN ERISA-QUALIFYING
      UNDERWRITING, THE PURCHASER IS AN INSURANCE COMPANY PURCHASING THIS CERTIFICATE
      WITH FUNDS CONTAINED IN AN “INSURANCE COMPANY GENERAL ACCOUNT” AS DEFINED IN
      SECTION V(e) OF PROHIBITED TRANSACTION CLASS EXEMPTION (“PTCE”) 95-60 AND THAT
      THE PURCHASE AND HOLDING OF THIS CERTIFICATE ARE COVERED UNDER SECTIONS I AND
      III OF PTCE 95-60.
      [For the Class 1A-1A Certificates Only.]

     

    ON
      OR
      PRIOR TO THE TERMINATION OF THE YIELD MAINTENANCE AGREEMENT AND THE FINAL
      MATURITY RESERVE TRUST, THIS CERTIFICATE MAY NOT BE ACQUIRED BY A TRANSFEREE
      FOR, OR ON BEHALF OF, AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT ARRANGEMENT
      SUBJECT TO SECTION 406 OF ERISA OR SECTION 4975 OF THE INTERNAL REVENUE CODE
      OF
      1986, AS AMENDED (THE “CODE”) OR BY ANY ENTITY DEEMED TO HOLD THE PLAN ASSETS OF
      THE FOREGOING, UNLESS IT REPRESENTS AND WARRANTS THAT THE ACQUISITION AND
      HOLDING OF SUCH CERTIFICATE, THROUGHOUT THE PERIOD THAT IT HOLDS SUCH
      CERTIFICATE, WILL NOT RESULT IN A NON-EXEMPT PROHIBITED TRANSACTION UNDER
      SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE WHICH IS NOT COVERED BY
      PROHIBITED TRANSACTION CLASS EXEMPTION (“PTCE”) 84-14, PTCE 90-1, PTCE 91-38,
      PTCE 95-60, PTCE 96-23, THE NON-FIDUCIARY SERVICE PROVIDER EXEMPTION UNDER
      SECTION 408(b)(17) OF ERISA OR SOME OTHER APPLICABLE EXEMPTION. EACH INVESTOR
      IN
      THIS CERTIFICATE WILL BE DEEMED TO REPRESENT THAT IT IS IN COMPLIANCE WITH
      THE
      FOREGOING AND WILL FURTHER BE DEEMED TO REPRESENT, WARRANT AND COVENANT THAT
      IT
      WILL NOT SELL, PLEDGE OR OTHERWISE TRANSFER SUCH CERTIFICATE IN VIOLATION OF
      THE
      FOREGOING. [For
      the Class 1A-1A Certificates Only.]

    
      
        
        

      

      
        A-1

        
          

        

      

      
        
        

      

    

     

    THE
      HOLDER OF THIS CERTIFICATE BY ITS ACCEPTANCE HEREOF IS DEEMED TO HAVE
      REPRESENTED AND WARRANTED THAT (A) SUCH TRANSFEREE IS NOT AN EMPLOYEE BENEFIT
      PLAN SUBJECT TO SECTION 406 OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT
      OF
      1974, AS AMENDED (“ERISA”), OR A PLAN OR ARRANGEMENT SUBJECT TO SECTION 4975 OF
      THE CODE (COLLECTIVELY, A “PLAN”) NOR A PERSON ACTING ON BEHALF OF ANY SUCH PLAN
      OR ARRANGEMENT NOR A PERSON USING THE ASSETS OF ANY SUCH PLAN TO EFFECT THE
      TRANSFER OR (B) THE PURCHASER IS AN INSURANCE COMPANY PURCHASING THIS
      CERTIFICATE WITH FUNDS CONTAINED IN AN “INSURANCE COMPANY GENERAL ACCOUNT” AS
      DEFINED IN SECTION V(e) OF PROHIBITED TRANSACTION CLASS EXEMPTION (“PTCE”) 95-60
      AND THAT THE PURCHASE AND HOLDING OF THIS CERTIFICATE ARE COVERED UNDER SECTIONS
      I AND III OF PTCE 95-60. [For
      the Class 1A-1B Certificates Only.]

     

    IF
      THE
      RATING OF THIS CERTIFICATE IS BELOW “BBB-” OR ITS EQUIVALENT WHEN IT IS
      ACQUIRED, THE HOLDER OF THIS CERTIFICATE BY ITS ACCEPTANCE HEREOF IS DEEMED
      TO
      HAVE REPRESENTED AND WARRANTED THAT (A) SUCH TRANSFEREE IS NOT AN EMPLOYEE
      BENEFIT PLAN SUBJECT TO SECTION 406 OF THE EMPLOYEE RETIREMENT INCOME SECURITY
      ACT OF 1974, AS AMENDED (“ERISA”), OR A PLAN OR ARRANGEMENT SUBJECT TO SECTION
      4975 OF THE CODE (COLLECTIVELY, A “PLAN”) NOR A PERSON ACTING ON BEHALF OF ANY
      SUCH PLAN OR ARRANGEMENT NOR A PERSON USING THE ASSETS OF ANY SUCH PLAN TO
      EFFECT THE TRANSFER OR (B) IF THIS CERTIFICATE HAS BEEN THE OBJECT OF AN
      ERISA-QUALIFYING UNDERWRITING, THE PURCHASER IS AN INSURANCE COMPANY PURCHASING
      THIS CERTIFICATE WITH FUNDS CONTAINED IN AN “INSURANCE COMPANY GENERAL ACCOUNT”
AS DEFINED IN SECTION V(e) OF PROHIBITED TRANSACTION CLASS EXEMPTION (“PTCE”)
      95-60 AND THAT THE PURCHASE AND HOLDING OF THIS CERTIFICATE ARE COVERED UNDER
      SECTIONS I AND III OF PTCE 95-60.] [For
      the Class 2A-1A, Class 2A-1B and Class 2A-1C Certificates
      Only.]

     

    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 CODE.

     

    
      	
              Certificate
                No.:

            	
              [             ]

            

    

     

    
      	
              Cut-Off
                Date:

            	
              October
                1, 2006

            

    

     

    
      	
              First
                Distribution Date:

            	
              November
                20, 2006

            

    

     

    
      
        
        

      

      
        A-2

        
          

        

      

      
        
        

      

    

    Initial
      Certificate Principal

    Balance
      of this Certificate

    
      	
              (“Denomination”):

            	
              $[           ]

            

    

     

    Original
      Class Certificate

    Principal
      Balance of this

    
      	
              Class:

            	
              $[           ]

            

    

     

    
      	
              Percentage
                Interest:

            	
              100%

            

    

     

    
      	
              Pass-Through
                Rate:

            	
              Variable

            

    

     

    
      	
              CUSIP:

            	
              [             ]

            

    

     

    
      	
              Class:

            	
              [     ]A[-1[      ]]

            

    

     

    
      	
              Assumed
                Final Distribution Date:

            	
              November
                19, 2036

            

    

    

    [For
      the Class 1A-1B and Class 2A-1C Certificates Only: December 19,
      2037]

    

    

    

    
      
        
          
          

        

        
          A-3

          
            

          

        

        
          
          

        

      

    

    

    HarborView
      Mortgage Loan Trust 

    Mortgage
      Loan Pass-Through Certificates, Series 2006-10

    Class
      [       ]A[-1[      ]]

     

    evidencing
      the Percentage Interest in the distributions allocable to the Certificates
      of
      the above-referenced Class with respect to the Trust Fund consisting primarily
      of first lien mortgage loans (the “Mortgage Loans”) purchased from others
      by

     

    GREENWICH
      CAPITAL ACCEPTANCE, INC., as Depositor.

     

    Principal
      in respect of this Certificate is distributable monthly as set forth herein
      and
      in the pooling and servicing agreement dated as of October 1, 2006 (the
“Agreement”) among Greenwich Capital Acceptance, Inc., as depositor (the
“Depositor”), Greenwich Capital Financial Products, Inc., as seller (the
“Seller”), Clayton Fixed Income Services Inc., as credit risk manager, and Wells
      Fargo Bank, N.A., as trustee (in such capacity, the “Trustee”). Accordingly, the
      Certificate Principal Balance of this Certificate at any time may be less than
      the Initial Certificate Principal Balance set forth on the face hereof, as
      described herein. This Certificate does not evidence an obligation of, or an
      interest in, and is not guaranteed by the Depositor, the Seller or the Trustee
      referred to below or any of their respective affiliates.

     

    This
      certifies that CEDE & CO. is the registered owner of the Percentage Interest
      evidenced by this Certificate (obtained by dividing the Denomination of this
      Certificate by the Original Class Certificate Principal Balance) in certain
      monthly distributions with respect to a Trust Fund consisting primarily of
      the
      Mortgage Loans deposited by the Depositor. The Trust Fund was created pursuant
      to the Agreement. To the extent not defined herein, capitalized terms used
      herein have the meanings assigned 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 the
      acceptance hereof assents and by which such Holder is bound.

     

    Reference
      is hereby made to the further provisions of this Certificate set forth on the
      reverse hereof, which further provisions shall for all purposes have the same
      effect as if set forth at this place.

     

    This
      Certificate shall not be entitled to any benefit under the Agreement or be
      valid
      for any purpose unless manually authenticated by an authorized signatory of
      the
      Certificate Registrar.

    

    
      
        
          
          

        

        
          A-4

          
            

          

        

        
          
          

        

      

    

    

    IN
      WITNESS WHEREOF, the Trustee has caused this Certificate to be duly
      executed.

     

    Dated:
      October ___, 2006

     

    WELLS
      FARGO BANK, N.A.,

    not
      in
      its individual capacity,

    but
      solely as Trustee 

    

    

    By
      _____________________________________________

     

    

    

    This
      is
      one of the Certificates

    referenced
      in the within-mentioned Agreement

     

    

    

    By
      ________________________________________

    Authorized
      Signatory of

    WELLS
      FARGO BANK, N.A.,

    as
      Certificate Registrar

     

     

     

    

    
      
        
          
          

        

        
          A-5

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      B

     

    FORM
      OF SUBORDINATE CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE OR ITS AGENT FOR
      REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED
      IS
      REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED
      BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE &
CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE
      OF
      DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
      TO
      ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO.,
      HAS AN INTEREST HEREIN.

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST”
IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT”, AS THOSE TERMS ARE DEFINED,
      RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986,
      AS
      AMENDED (THE “CODE”).

     

    THE
      HOLDER OF THIS CERTIFICATE BY ITS ACCEPTANCE HEREOF IS DEEMED TO HAVE
      REPRESENTED AND WARRANTED THAT (A) SUCH TRANSFEREE IS NOT AN EMPLOYEE BENEFIT
      PLAN SUBJECT TO SECTION 406 OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT
      OF
      1974, AS AMENDED (“ERISA”), OR A PLAN OR ARRANGEMENT SUBJECT TO SECTION 4975 OF
      THE CODE (COLLECTIVELY, A “PLAN”) NOR A PERSON ACTING ON BEHALF OF ANY SUCH PLAN
      OR ARRANGEMENT NOR A PERSON USING THE ASSETS OF ANY SUCH PLAN TO EFFECT THE
      TRANSFER OR (B) THE PURCHASER IS AN INSURANCE COMPANY PURCHASING THIS
      CERTIFICATE WITH FUNDS CONTAINED IN AN “INSURANCE COMPANY GENERAL ACCOUNT” AS
      DEFINED IN SECTION V(e) OF PROHIBITED TRANSACTION CLASS EXEMPTION (“PTCE”) 95-60
      AND THAT THE PURCHASE AND HOLDING OF THIS CERTIFICATE ARE COVERED UNDER SECTIONS
      I AND III OF PTCE 95-60.

     

    THIS
      CERTIFICATE IS SUBORDINATE IN RIGHT AND PAYMENT AS DESCRIBED IN THE AGREEMENT
      REFERRED TO HEREIN.

     

    
      	
              Certificate
                No.:

            	
              1

            

    

     

    
      	
              Cut-Off
                Date:

            	
              October
                1, 2006

            

    

     

    
      	
              First
                Distribution Date:

            	
              November
                20, 2006

            

    

     

    Initial
      Certificate Principal

    Balance
      of this Certificate

    
      	
              (“Denomination”):

            	
              $[             ]

            

    

     

    
      
        
        

      

      
        B-1

        
          

        

      

      
        
        

      

    

    

     

    Original
      Class Certificate

    Principal
      Balance of this

    
      	
              Class:

            	
              $[             ]

            

    

     

    
      	
              Percentage
                Interest:

            	
              100%

            

    

     

    
      	
              Pass-Through
                Rate:

            	
              Variable

            

    

     

    
      	
              CUSIP:

            	
              [             ]

            

    

     

    
      	
              Class:

            	
              B-[   ]

            

    

     

    
      	
              Assumed
                Final Distribution Date:

            	
              November
                19, 2036

            

    

    

    

    
      
        
          
          

        

        
          B-2

          
            

          

        

        
          
          

        

      

    

    

    HarborView
      Mortgage Loan Trust

    Mortgage
      Loan Pass-Through Certificates, Series 2006-10

    Class
      B-[      ]

     

    evidencing
      the Percentage Interest in the distributions allocable to the Certificates
      of
      the above-referenced Class with respect to the Trust Fund consisting primarily
      of first lien mortgage loans (the “Mortgage Loans”) purchased from others
      by

     

    GREENWICH
      CAPITAL ACCEPTANCE, INC., as Depositor.

     

    Principal
      in respect of this Certificate is distributable monthly as set forth herein
      and
      in the pooling and servicing agreement dated as of October 1, 2006 (the
“Agreement”) among Greenwich Capital Acceptance, Inc., as depositor (the
“Depositor”), Greenwich Capital Financial Products, Inc., as seller (the
“Seller”), Clayton Fixed Income Services Inc., as credit risk manager, and Wells
      Fargo Bank, N.A., as trustee (in such capacity, the “Trustee”). Accordingly, the
      Certificate Principal Balance of this Certificate at any time may be less than
      the Initial Certificate Principal Balance set forth on the face hereof, as
      described herein. This Certificate does not evidence an obligation of, or an
      interest in, and is not guaranteed by the Depositor, the Seller or the Trustee
      referred to below or any of their respective affiliates.

     

    This
      certifies that CEDE & CO. is the registered owner of the Percentage Interest
      evidenced by this Certificate (obtained by dividing the Denomination of this
      Certificate by the Original Class Certificate Principal Balance) in certain
      monthly distributions with respect to a Trust Fund consisting primarily of
      the
      Mortgage Loans deposited by the Depositor. The Trust Fund was created pursuant
      to the Agreement. To the extent not defined herein, capitalized terms used
      herein have the meanings assigned 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 the
      acceptance hereof assents and by which such Holder is bound.

     

    Reference
      is hereby made to the further provisions of this Certificate set forth on the
      reverse hereof, which further provisions shall for all purposes have the same
      effect as if set forth at this place.

     

    This
      Certificate shall not be entitled to any benefit under the Agreement or be
      valid
      for any purpose unless manually authenticated by an authorized signatory of
      the
      Certificate Registrar.

     

    

    
      
        
          
          

        

        
          B-3

          
            

          

        

        
          
          

        

      

    

    

    IN
      WITNESS WHEREOF, the Trustee has caused this Certificate to be duly
      executed.

     

    Dated:
      October ___, 2006

     

    WELLS
      FARGO BANK, N.A.,

    not
      in
      its individual capacity,

    but
      solely as Trustee 

    

    

    By
      ___________________________________________

     

    

    

    This
      is
      one of the Certificates

    referenced
      in the within-mentioned Agreement

     

    

    

    By
      ________________________________________

    Authorized
      Signatory of

    WELLS
      FARGO BANK, N.A.,

    as
      Certificate Registrar

     

     

    
      
        
          
          

        

        
          B-4

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      C-1

     

    FORM
      OF CLASS C CERTIFICATE

     

    THIS
      CERTIFICATE DOES NOT EVIDENCE AN INTEREST IN ANY REMIC CREATED PURSUANT TO
      THE
      AGREEMENT REFERENCED HEREIN.

     

    THE
      HOLDER OF THIS CERTIFICATE WILL BE ENTITLED TO CERTAIN DISTRIBUTIONS AS PROVIDED
      IN THE AGREEMENT.

     

    THIS
      CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
      AMENDED, (THE “1933 ACT”) OR ANY STATE SECURITIES LAWS. NEITHER THIS CERTIFICATE
      NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE REOFFERED, SOLD, ASSIGNED,
      TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF
      SUCH
      REGISTRATION, UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO,
      REGISTRATION.

     

    THE
      HOLDER OF THIS CERTIFICATE BY ITS ACCEPTANCE HEREOF IS DEEMED TO HAVE
      REPRESENTED AND WARRANTED THAT IT ACQUIRED SUCH CERTIFICATE (I)(A) PURSUANT
      TO A
      REGISTRATION STATEMENT WHICH HAS BEEN DECLARED EFFECTIVE UNDER THE 1933 ACT
      OR
      (B) AS A “QUALIFIED INSTITUTIONAL BUYER” AS DEFINED IN RULE 144A UNDER THE 1933
      ACT THAT PURCHASES FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED
      INSTITUTIONAL BUYER TO WHOM NOTICE IS GIVEN THAT THE TRANSFER IS BEING MADE
      IN
      RELIANCE ON RULE 144A, AND THAT (II) SUCH HOLDER IS NOT AN EMPLOYEE BENEFIT
      PLAN
      SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED
      (“ERISA”), OR A PLAN OR ARRANGEMENT SECTION 4975 OF THE INTERNAL REVENUE CODE OF
      1986, AS AMENDED (THE “CODE”), THE TRUSTEE OF ANY SUCH PLAN OR A PERSON ACTING
      ON BEHALF OF ANY SUCH PLAN NOR A PERSON USING THE ASSETS OF ANY SUCH
      PLAN.

     

    NEITHER
      THIS CERTIFICATE NOR ANY INTEREST HEREIN MAY BE TRANSFERRED UNLESS THE
      TRANSFEREE DELIVERS TO THE CERTIFICATE REGISTRAR EITHER (A) A REPRESENTATION
      LETTER TO THE EFFECT THAT SUCH TRANSFEREE IS NOT AN EMPLOYEE BENEFIT PLAN OR
      OTHER RETIREMENT ARRANGEMENT SUBJECT TO SECTION 406 OF THE EMPLOYEE RETIREMENT
      INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”), OR TO SECTION 4975 OF THE
      INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”) OR ANY ENTITY DEEMED TO
      HOLD THE PLAN ASSETS OF THE FOREGOING (COLLECTIVELY, A “PLAN”) NOR A PERSON
      ACTING FOR, OR ON BEHALF OF, ANY SUCH PLAN TO EFFECT THE TRANSFER, OR (B) IF
      THIS CERTIFICATE HAS BEEN THE SUBJECT OF AN ERISA-QUALIFYING UNDERWRITING,
      A
      REPRESENTATION THAT THE PURCHASER IS AN INSURANCE COMPANY PURCHASING THIS
      CERTIFICATE WITH FUNDS CONTAINED IN AN “INSURANCE COMPANY GENERAL ACCOUNT” AS
      DEFINED IN SECTION V(e) OF PROHIBITED TRANSACTION CLASS EXEMPTION 95-60 (“PTCE
      95-60”) AND THE PURCHASE AND HOLDING OF THIS CERTIFICATE ARE COVERED UNDER
      SECTIONS I AND III OF PTCE-95-60, OR (C) AN OPINION OF COUNSEL IN ACCORDANCE
      WITH THE PROVISIONS OF THE AGREEMENT REFERRED TO HEREIN. NOTWITHSTANDING
      ANYTHING ELSE TO THE CONTRARY HEREIN, ANY PURPORTED TRANSFER OF THIS CERTIFICATE
      TO OR ON BEHALF OF A PLAN WITHOUT AN OPINION OF COUNSEL SATISFACTORY TO THE
      CERTIFICATE REGISTRAR AS DESCRIBED ABOVE SHALL BE VOID AND OF NO
      EFFECT.

    
      
        
        

      

      
        C-1-1

        
          

        

      

      
        
        

      

    

    THIS
      CERTIFICATE IS SUBORDINATE IN RIGHT AND PAYMENT AS DESCRIBED IN THE AGREEMENT
      REFERRED TO HEREIN.

     

    
      	
              Certificate
                No.:

            	
              1

            

    

     

    
      	
              Cut-Off
                Date:

            	
              October
                1, 2006

            

    

     

    Initial
      Certificate Principal

    Balance
      of this Certificate

    
      	
              (“Denomination”):

            	
              $[             ]

            

    

     

    Original
      Class

    Principal
      Balance of this

    
      	
              Class:

            	
              $[             ]

            

    

     

    
      	
              CUSIP:

            	
              [             ]

            

    

     

    
      	
              Percentage
                Interest:

            	
              100%

            

    

    

    
      	
              Class:

            	
              C

            

    

     

    

     

    

    

    
      
        
          
          

        

        
          C-1-2

          
            

          

        

        
          
          

        

      

    

    

    HarborView
      Mortgage Loan Trust

    Mortgage
      Loan Pass-Through Certificates, Series 2006-10

    Class
      C

     

    evidencing
      the Percentage Interest in the distributions allocable to the Certificates
      of
      the above-referenced Class with respect to the Trust Fund consisting primarily
      of first lien mortgage loans (the “Mortgage Loans”) purchased from others
      by

     

    GREENWICH
      CAPITAL ACCEPTANCE, INC., as Depositor.

     

    Principal
      in respect of this Certificate is distributable monthly as set forth herein
      and
      in the pooling and servicing agreement dated as of October 1, 2006 (the
“Agreement”) among Greenwich Capital Acceptance, Inc., as depositor (the
“Depositor”), Greenwich Capital Financial Products, Inc., as seller (the
“Seller”), Clayton Fixed Income Services Inc., as credit risk manager, and Wells
      Fargo Bank, N.A., as trustee (in such capacity, the “Trustee”). Accordingly, the
      Certificate Principal Balance of this Certificate at any time may be less than
      the Initial Certificate Principal Balance set forth on the face hereof, as
      described herein. This Certificate does not evidence an obligation of, or an
      interest in, and is not guaranteed by the Depositor, the Seller or the Trustee
      referred to below or any of their respective affiliates.

     

    This
      certifies that GREENWICH CAPITAL ACCEPTANCE, INC. is the registered owner of
      the
      Percentage Interest evidenced by this Certificate (obtained by dividing the
      Denomination of this Certificate by the Original Class Certificate Principal
      Balance) in certain distributions with respect to a Trust Fund consisting
      primarily of the Mortgage Loans deposited by the Depositor. The Trust Fund
      was
      created pursuant to the Agreement. To the extent not defined herein, capitalized
      terms used herein have the meanings assigned 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 the acceptance hereof assents and by which such Holder is
      bound.

     

    Reference
      is hereby made to the further provisions of this Certificate set forth on the
      reverse hereof, which further provisions shall for all purposes have the same
      effect as if set forth at this place.

     

    This
      Certificate shall not be entitled to any benefit under the Agreement or be
      valid
      for any purpose unless manually authenticated by an authorized signatory of
      the
      Certificate Registrar.

     

    No
      transfer of this Certificate shall be made unless the Certificate Registrar
      shall have received either (i) a representation letter from the transferee
      of
      such Certificate, acceptable to and in form and substance satisfactory to the
      Certificate Registrar and the Depositor and in substantially the form attached
      to the Agreement, to the effect that such transferee is not an employee benefit
      or other plan or arrangement subject to Section 406 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”), nor a person acting on
      behalf or investing plan assets of any such plan or arrangement, which
      representation letter shall not be an expense of the Certificate Registrar
      or
      the Trustee, or (ii) if the purchaser is an insurance company, a representation
      that the purchaser is an insurance company which is purchasing such Certificate
      with funds contained in an “insurance company general account” (as such term is
      defined in Section V(e) of Prohibited Transaction Class Exemption 95-60 (“PTCE
      95-60”)) and that the purchase and holding of such Certificate are covered under
      Sections I and III of PTCE 95-60, or (iii) an Opinion of Counsel in accordance
      with the provisions of the Agreement. Notwithstanding anything else to the
      contrary herein, any purported transfer of this Certificate to or on behalf
      of
      an employee benefit plan subject to ERISA or to the Code without the opinion
      of
      counsel satisfactory to the Certificate Registrar as described above shall
      be
      void and of no effect.

    
      
        
        

      

      
        C-1-3

        
          

        

      

      
        
        

      

    

     

    Each
      Holder of this Certificate will be deemed to have agreed to be bound by the
      restrictions of the Agreement, including but not limited to the restrictions
      that (i) each person holding or acquiring any Ownership Interest in this
      Certificate must be a Permitted Transferee, (ii) no Ownership Interest in this
      Certificate may be transferred without delivery to the Trustee and the
      Certificate Registrar of (a) a transfer affidavit of the proposed transferee
      and
      (b) a transfer certificate of the transferor, each of such documents to be
      in
      the form described in the Agreement, (iii) each person holding or acquiring
      any
      Ownership Interest in this Certificate must agree to require a transfer
      affidavit and to deliver a transfer certificate to the Certificate Registrar
      as
      required pursuant to the Agreement, (iv) each person holding or acquiring an
      Ownership Interest in this Certificate must agree not to transfer an Ownership
      Interest in this Certificate if it has actual knowledge that the proposed
      transferee is not a Permitted Transferee and (v) any attempted or purported
      transfer of any Ownership Interest in this Certificate in violation of such
      restrictions will be absolutely null and void and will vest no rights in the
      purported transferee. The Trustee will provide the Internal Revenue Service
      and
      any pertinent persons with the information needed to compute the tax imposed
      under the applicable tax laws on transfers of residual interests to disqualified
      organizations, if any person other than a Permitted Transferee acquires an
      Ownership Interest on a Class C Certificate in violation of the restrictions
      mentioned above.

     

    

    
      
        
          
          

        

        
          C-1-4

          
            

          

        

        
          
          

        

      

    

    

    IN
      WITNESS WHEREOF, the Trustee has caused this Certificate to be duly
      executed.

     

    Dated:
      October ___, 2006

     

    WELLS
      FARGO BANK, N.A.,

    not
      in
      its individual capacity,

    but
      solely as Trustee 

    

    

    By
      __________________________________________

     

    

    

    This
      is
      one of the Certificates

    referenced
      in the within-mentioned Agreement

     

    

    

    By
      ________________________________________

    Authorized
      Signatory of

    WELLS
      FARGO BANK, N.A.,

    as
      Certificate Registrar

     

     

    
      
        
          
          

        

        
          C-1-5

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      C-2

     

    FORM
      OF CLASS P CERTIFICATE

     

    THIS
      CERTIFICATE DOES NOT EVIDENCE AN INTEREST IN ANY REMIC CREATED PURSUANT TO
      THE
      AGREEMENT REFERENCED HEREIN. 

     

    THE
      HOLDER OF THIS CERTIFICATE WILL BE ENTITLED TO CERTAIN DISTRIBUTIONS AS PROVIDED
      IN THE AGREEMENT.

     

    THIS
      CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
      AMENDED, (THE “1933 ACT”) OR ANY STATE SECURITIES LAWS. NEITHER THIS CERTIFICATE
      NOR ANY INTEREST HEREIN MAY BE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION,
      UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO,
      REGISTRATION.

     

    THE
      HOLDER OF THIS CERTIFICATE BY ITS ACCEPTANCE HEREOF AGREES TO OFFER, SELL OR
      OTHERWISE TRANSFER SUCH CERTIFICATE ONLY (A) PURSUANT TO A REGISTRATION
      STATEMENT WHICH HAS BEEN DECLARED EFFECTIVE UNDER THE 1933 ACT OR (B) TO A
      “QUALIFIED INSTITUTIONAL BUYER” AS DEFINED IN RULE 144A, AS EVIDENCED BY AN
      INVESTMENT LETTER DELIVERED BY THE TRANSFEREE TO THE CERTIFICATE REGISTRAR,
      IN
      SUBSTANTIALLY THE FORM ATTACHED TO THE AGREEMENT.

     

    NEITHER
      THIS CERTIFICATE NOR ANY INTEREST HEREIN MAY BE TRANSFERRED UNLESS THE
      CERTIFICATE REGISTRAR SHALL HAVE RECEIVED EITHER (A) A REPRESENTATION LETTER
      TO
      THE EFFECT THAT SUCH TRANSFEREE IS NOT AN EMPLOYEE BENEFIT PLAN SUBJECT TO
      SECTION 406 OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED
      (“ERISA”), OR A PLAN OR ARRANGEMENT SUBJECT TO SECTION 4975 OF THE CODE OR A
      PERSON ACTING ON BEHALF OF ANY SUCH PLAN OR ARRANGEMENT OR USING PLAN ASSETS
      OF
      ANY SUCH PLAN OR ARRANGEMENT TO EFFECT THE TRANSFER, OR (B) IF THIS CERTIFICATE
      HAS BEEN THE SUBJECT OF AN ERISA-QUALIFYING UNDERWRITING, A REPRESENTATION
      THAT
      THE PURCHASER IS AN INSURANCE COMPANY PURCHASING THIS CERTIFICATE WITH FUNDS
      CONTAINED IN AN “INSURANCE COMPANY GENERAL ACCOUNT” AS DEFINED IN SECTION V(e)
      OF PROHIBITED TRANSACTION CLASS EXEMPTION (“PTCE”) 95-60 AND THAT THE PURCHASE
      AND HOLDING OF THIS CERTIFICATE ARE COVERED UNDER SECTIONS I AND III OF PTCE
      95-60, OR (C) AN OPINION OF COUNSEL IN ACCORDANCE WITH THE PROVISIONS OF THE
      AGREEMENT REFERRED TO HEREIN. NOTWITHSTANDING ANYTHING ELSE TO THE CONTRARY
      HEREIN, ANY PURPORTED TRANSFER OF THIS CERTIFICATE TO OR ON BEHALF OF AN
      EMPLOYEE BENEFIT PLAN SUBJECT TO ERISA OR TO SECTION 4975 OF THE CODE WITHOUT
      THE DELIVERY TO THE CERTIFICATE REGISTRAR OF AN OPINION OF COUNSEL SATISFACTORY
      TO THE CERTIFICATE REGISTRAR AS DESCRIBED ABOVE SHALL BE VOID AND OF NO
      EFFECT.

     

    

    
      
        
          
          

        

        
          C-2-1

          
            

          

        

        
          
          

        

      

    

    

    

     

    
      	
              Certificate
                No.:

            	
              1

            

    

     

    
      	
              Cut-Off
                Date:

            	
              October
                1, 2006

            

    

     

    
      	
              First
                Distribution Date:

            	
              November
                20, 2006

            

    

     

    Initial
      Certificate Principal 

    
      	
              Balance
                of this Certificate:

            	
              $100

            

    

     

    Original
      Class 

    Principal
      Balance of this

    
      	
              Class:

            	
              $100

            

    

     

    
      	
              CUSIP:

            	
              [             ]

            

    

     

    
      	
              Percentage
                Interest:

            	
              100%

            

    

    

     

    
      	
              Class:

            	
              P

            

    

     

    

     

    

    

    
      
        
          
          

        

        
          C-2-2

          
            

          

        

        
          
          

        

      

    

    

    HarborView
      Mortgage Loan Trust 

    Mortgage
      Loan Pass-Through Certificates, Series 2006-10

    Class
      P

     

    evidencing
      the Percentage Interest in the distributions allocable to the Certificates
      of
      the above-referenced Class with respect to the Trust Fund consisting primarily
      of first lien mortgage loans (the “Mortgage Loans”) purchased from others
      by

     

    GREENWICH
      CAPITAL ACCEPTANCE, INC., as Depositor.

     

    Funds
      in
      respect of this Certificate is distributable monthly as set forth herein and
      in
      the pooling and servicing agreement dated as of October 1, 2006 (the
“Agreement”) among Greenwich Capital Acceptance, Inc., as depositor (the
“Depositor”), Greenwich Capital Financial Products, Inc., as seller (the
“Seller”), Clayton Fixed Income Services Inc., as credit risk manager, and Wells
      Fargo Bank, N.A., as trustee (in such capacity, the “Trustee”). Accordingly, the
      Certificate Principal Balance of this Certificate at any time may be less than
      the Initial Certificate Principal Balance set forth on the face hereof, as
      described herein. This Certificate does not evidence an obligation of, or an
      interest in, and is not guaranteed by the Depositor, the Seller or the Trustee
      referred to below or any of their respective affiliates.

     

    This
      certifies that GREENWICH CAPITAL ACCEPTANCE, INC. is the registered owner of
      the
      Percentage Interest evidenced by this Certificate (obtained by dividing the
      Denomination of this Certificate by the Original Class Certificate Principal
      Balance) in certain distributions with respect to a Trust Fund consisting
      primarily of the Mortgage Loans deposited by the Depositor. The Trust Fund
      was
      created pursuant to the Agreement. To the extent not defined herein, capitalized
      terms used herein have the meanings assigned 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 the acceptance hereof assents and by which such Holder is
      bound.

     

    Reference
      is hereby made to the further provisions of this Certificate set forth on the
      reverse hereof, which further provisions shall for all purposes have the same
      effect as if set forth at this place.

     

    This
      Certificate shall not be entitled to any benefit under the Agreement or be
      valid
      for any purpose unless manually authenticated by an authorized signatory of
      the
      Certificate Registrar.

     

    No
      transfer of this Certificate shall be made unless the Certificate Registrar
      shall have received either (i) a representation letter from the transferee
      of
      such Certificate, acceptable to and in form and substance satisfactory to the
      Certificate Registrar and the Depositor and in substantially the form attached
      to the Agreement, to the effect that such transferee is not an employee benefit
      or other plan or arrangement subject to Section 406 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”), nor a person acting on
      behalf or investing plan assets of any such plan or arrangement, which
      representation letter shall not be an expense of the Certificate Registrar
      or
      the Trustee, or (ii) if the purchaser is an insurance company, a representation
      that the purchaser is an insurance company which is purchasing such Certificate
      with funds contained in an “insurance company general account” (as such term is
      defined in Section V(e) of Prohibited Transaction Class Exemption 95-60 (“PTCE
      95-60”)) and that the purchase and holding of such Certificate are covered under
      Sections I and III of PTCE 95-60, or (iii) an Opinion of Counsel in accordance
      with the provisions of the Agreement. Notwithstanding anything else to the
      contrary herein, any purported transfer of this Certificate to or on behalf
      of
      an employee benefit plan subject to ERISA or to the Code without the opinion
      of
      counsel satisfactory to the Certificate Registrar as described above shall
      be
      void and of no effect.

    
      
        
        

      

      
        C-2-3

        
          

        

      

      
        
        

      

    

     

    Each
      Holder of this Certificate will be deemed to have agreed to be bound by the
      restrictions of the Agreement, including but not limited to the restrictions
      that (i) each person holding or acquiring any Ownership Interest in this
      Certificate must be a Permitted Transferee, (ii) no Ownership Interest in this
      Certificate may be transferred without delivery to the Trustee and the
      Certificate Registrar of (a) a transfer affidavit of the proposed transferee
      and
      (b) a transfer certificate of the transferor, each of such documents to be
      in
      the form described in the Agreement, (iii) each person holding or acquiring
      any
      Ownership Interest in this Certificate must agree to require a transfer
      affidavit and to deliver a transfer certificate to the Trustee and the
      Certificate Registrar as required pursuant to the Agreement, (iv) each person
      holding or acquiring an Ownership Interest in this Certificate must agree not
      to
      transfer an Ownership Interest in this Certificate if it has actual knowledge
      that the proposed transferee is not a Permitted Transferee and (v) any attempted
      or purported transfer of any Ownership Interest in this Certificate in violation
      of such restrictions will be absolutely null and void and will vest no rights
      in
      the purported transferee. The Trustee will provide the Internal Revenue Service
      and any pertinent persons with the information needed to compute the tax imposed
      under the applicable tax laws on transfers of residual interests to disqualified
      organizations, if any person other than a Permitted Transferee acquires an
      Ownership Interest on a Class P Certificate in violation of the restrictions
      mentioned above.

     

    

     

    

    
      
        
          
          

        

        
          C-2-4

          
            

          

        

        
          
          

        

      

    

    

    IN
      WITNESS WHEREOF, the Trustee has caused this Certificate to be duly
      executed.

     

    Dated:
      October ___, 2006

     

    WELLS
      FARGO BANK, N.A.,

    not
      in
      its individual capacity,

    but
      solely as Trustee 

    

    

    By
      ______________________________________

     

    

    

    This
      is
      one of the Certificates

    referenced
      in the within-mentioned Agreement

     

    

    

    By
      ________________________________________

    Authorized
      Signatory of

    WELLS
      FARGO BANK, N.A.,

    as
      Certificate Registrar

     

    

     

    

    
      
        
          
          

        

        
          C-2-5

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      C-3

     

    FORM
      OF CLASS R CERTIFICATE

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “RESIDUAL INTEREST”
IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT”, AS THOSE TERMS ARE DEFINED,
      RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986,
      AS
      AMENDED (THE “CODE”).

     

    NEITHER
      THIS CERTIFICATE NOR ANY INTEREST HEREIN MAY BE TRANSFERRED UNLESS THE PROPOSED
      TRANSFEREE DELIVERS TO THE TRUSTEE AND THE CERTIFICATE REGISTRAR A TRANSFER
      AFFIDAVIT IN ACCORDANCE WITH THE PROVISIONS OF THE AGREEMENT REFERRED TO
      HEREIN.

     

    NEITHER
      THIS CERTIFICATE NOR ANY INTEREST HEREIN MAY BE TRANSFERRED UNLESS THE
      TRANSFEREE DELIVERS TO THE CERTIFICATE REGISTRAR EITHER (A) A REPRESENTATION
      LETTER TO THE EFFECT THAT SUCH TRANSFEREE IS NOT AN EMPLOYEE BENEFIT PLAN
      SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED
      (“ERISA”), OR A PLAN OR ARRANGEMENT SUBJECT TO SECTION 4975 OF THE CODE OR A
      PERSON ACTING ON BEHALF OF ANY SUCH PLAN OR ARRANGEMENT OR USING PLAN ASSETS
      OF
      ANY SUCH PLAN OR ARRANGEMENT TO EFFECT THE TRANSFER, OR (B) A REPRESENTATION
      THAT THE PURCHASER IS AN INSURANCE COMPANY PURCHASING THIS CERTIFICATE WITH
      FUNDS CONTAINED IN AN “INSURANCE COMPANY GENERAL ACCOUNT” AS DEFINED IN SECTION
      V(e) OF PROHIBITED TRANSACTION CLASS EXEMPTION 95-60 (“PTCE 95-60”) AND THAT THE
      PURCHASE AND HOLDING OF THIS CERTIFICATE ARE COVERED UNDER SECTIONS I AND III
      OF
      PTCE-95-60, OR (C) AN OPINION OF COUNSEL IN ACCORDANCE WITH THE PROVISIONS
      OF
      THE AGREEMENT REFERRED TO HEREIN. NOTWITHSTANDING ANYTHING ELSE TO THE CONTRARY
      HEREIN, ANY PURPORTED TRANSFER OF THIS CERTIFICATE TO OR ON BEHALF OF AN
      EMPLOYEE BENEFIT PLAN SUBJECT TO ERISA OR TO THE CODE WITHOUT THE OPINION OF
      COUNSEL SATISFACTORY TO THE CERTIFICATE REGISTRAR AS DESCRIBED ABOVE SHALL
      BE
      VOID AND OF NO EFFECT.

    

    
      	
              Certificate
                No.:

            	
              1

            

    

     

    
      	
              Cut-Off
                Date:

            	
              October
                1, 2006

            

    

     

    
      	
              Percentage
                Interest:

            	
              100%

            

    

    

    
      	
              Class:

            	
              R

            

    

    

    
      
        
          
          

        

        
          C-3-1

          
            

          

        

        
          
          

        

      

    

    

    HarborView
      Mortgage Loan Trust

    Mortgage
      Loan Pass-Through Certificates, Series 2006-10

    Class
      R

     

    evidencing
      the Percentage Interest in the distributions allocable to the Certificates
      of
      the above-referenced Class with respect to the Trust Fund consisting primarily
      of first lien mortgage loans (the “Mortgage Loans”) purchased from others
      by

     

    GREENWICH
      CAPITAL ACCEPTANCE, INC., as Depositor.

     

    Funds
      in
      respect of this Certificate is distributable monthly as set forth herein and
      in
      the pooling and servicing agreement dated as of October 1, 2006 (the
“Agreement”) among Greenwich Capital Acceptance, Inc., as depositor (the
“Depositor”), Greenwich Capital Financial Products, Inc., as seller (the
“Seller”), Clayton Fixed Income Services Inc., as credit risk manager, and Wells
      Fargo Bank, N.A., as trustee (in such capacity, the “Trustee”). Accordingly, the
      Certificate Principal Balance of this Certificate at any time may be less than
      the Initial Certificate Principal Balance set forth on the face hereof, as
      described herein. This Certificate does not evidence an obligation of, or an
      interest in, and is not guaranteed by the Depositor, the Seller or the Trustee
      referred to below or any of their respective affiliates.

     

    This
      certifies that GREENWICH CAPITAL ACCEPTANCE, INC. is the registered owner of
      the
      Percentage Interest evidenced by this Certificate (obtained by dividing the
      Denomination of this Certificate by the Original Class Certificate Principal
      Balance) in certain distributions with respect to a Trust Fund consisting
      primarily of the Mortgage Loans deposited by the Depositor. The Trust Fund
      was
      created pursuant to the Agreement. To the extent not defined herein, capitalized
      terms used herein have the meanings assigned 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 the acceptance hereof assents and by which such Holder is
      bound.

     

    Reference
      is hereby made to the further provisions of this Certificate set forth on the
      reverse hereof, which further provisions shall for all purposes have the same
      effect as if set forth at this place.

     

    This
      Certificate shall not be entitled to any benefit under the Agreement or be
      valid
      for any purpose unless manually authenticated by an authorized signatory of
      the
      Certificate Registrar.

     

    No
      transfer of this Certificate shall be made unless the Certificate Registrar
      shall have received either (i) a representation letter from the transferee
      of
      such Certificate, acceptable to and in form and substance satisfactory to the
      Trustee and the Certificate Registrar and in substantially the form attached
      to
      the Agreement, to the effect that such transferee is not an employee benefit
      or
      other plan or arrangement subject to Section 406 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”), nor a person acting on
      behalf or investing plan assets of any such plan or arrangement, which
      representation letter shall not be an expense of the Certificate Registrar
      or
      the Trustee, or (ii) if the purchaser is an insurance company, a representation
      that the purchaser is an insurance company which is purchasing such Certificate
      with funds contained in an “insurance company general account” (as such term is
      defined in Section V(e) of Prohibited Transaction Class Exemption 95-60 (“PTCE
      95-60”)) and that the purchase and holding of such Certificate are covered under
      Sections I and III of PTCE 95-60, or (iii) an Opinion of Counsel in accordance
      with the provisions of the Agreement. Notwithstanding anything else to the
      contrary herein, any purported transfer of this Certificate to or on behalf
      of
      an employee benefit plan subject to ERISA or to the Code without the opinion
      of
      counsel satisfactory to the Certificate Registrar as described above shall
      be
      void and of no effect.

    
      
        
        

      

      
        C-3-2

        
          

        

      

      
        
        

      

    

     

    Each
      Holder of this Certificate will be deemed to have agreed to be bound by the
      restrictions of the Agreement, including but not limited to the restrictions
      that (i) each person holding or acquiring any Ownership Interest in this
      Certificate must be a Permitted Transferee, (ii) no Ownership Interest in this
      Certificate may be transferred without delivery to the Trustee and the
      Certificate Registrar of (a) a transfer affidavit of the proposed transferee
      and
      (b) a transfer certificate of the transferor, each of such documents to be
      in
      the form described in the Agreement, (iii) each person holding or acquiring
      any
      Ownership Interest in this Certificate must agree to require a transfer
      affidavit and to deliver a transfer certificate to the Trustee and the
      Certificate Registrar as required pursuant to the Agreement, (iv) each person
      holding or acquiring an Ownership Interest in this Certificate must agree not
      to
      transfer an Ownership Interest in this Certificate if it has actual knowledge
      that the proposed transferee is not a Permitted Transferee and (v) any attempted
      or purported transfer of any Ownership Interest in this Certificate in violation
      of such restrictions will be absolutely null and void and will vest no rights
      in
      the purported transferee. The Trustee will provide the Internal Revenue Service
      and any pertinent persons with the information needed to compute the tax imposed
      under the applicable tax laws on transfers of residual interests to disqualified
      organizations, if any person other than a Permitted Transferee acquires an
      Ownership Interest on a Class R Certificate in violation of the restrictions
      mentioned above.

     

    

    
      
        
          
          

        

        
          C-3-3

          
            

          

        

        
          
          

        

      

    

    

    IN
      WITNESS WHEREOF, the Trustee has caused this Certificate to be duly
      executed.

     

    Dated:
      October ___, 2006

     

    WELLS
      FARGO BANK, N.A.,

    not
      in
      its individual capacity,

    but
      solely as Trustee 

    

    

    By
      _________________________________________

     

    

    

    This
      is
      one of the Certificates

    referenced
      in the within-mentioned Agreement

     

    

    

    By
      ________________________________________

    Authorized
      Signatory of

     

    WELLS
      FARGO BANK, N.A.,

     

    as
      Certificate Registrar

     

    

     

    

    
      
        
          
          

        

        
          C-3-4

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      C-4

     

    CLASS
      ES CERTIFICATE

     

    THIS
      CERTIFICATE DOES NOT EVIDENCE AN INTEREST IN ANY REMIC CREATED PURSUANT TO
      THE
      AGREEMENT REFERENCED HEREIN. 

     

    THIS
      CERTIFICATE IS NOT ENTITLED TO DISTRIBUTIONS OF PRINCIPAL AND WILL NOT ACCRUE
      INTEREST. THE HOLDER OF THIS CERTIFICATE WILL BE ENTITLED TO CERTAIN
      DISTRIBUTIONS AS PROVIDED IN THE AGREEMENT.

     

    THIS
      CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
      AMENDED, (THE “1933 ACT”) OR ANY STATE SECURITIES LAWS. NEITHER THIS CERTIFICATE
      NOR ANY INTEREST HEREIN MAY BE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION,
      UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO,
      REGISTRATION.

     

    THE
      HOLDER OF THIS CERTIFICATE BY ITS ACCEPTANCE HEREOF AGREES TO OFFER, SELL OR
      OTHERWISE TRANSFER SUCH CERTIFICATE ONLY (A) PURSUANT TO A REGISTRATION
      STATEMENT WHICH HAS BEEN DECLARED EFFECTIVE UNDER THE 1933 ACT OR (B) TO A
      “QUALIFIED INSTITUTIONAL BUYER” AS DEFINED IN RULE 144A, AS EVIDENCED BY AN
      INVESTMENT LETTER DELIVERED BY THE TRANSFEREE TO THE CERTIFICATE REGISTRAR,
      IN
      SUBSTANTIALLY THE FORM ATTACHED TO THE AGREEMENT.

     

    NEITHER
      THIS CERTIFICATE NOR ANY INTEREST HEREIN MAY BE TRANSFERRED UNLESS THE
      CERTIFICATE REGISTRAR SHALL HAVE RECEIVED EITHER (A) A REPRESENTATION LETTER
      TO
      THE EFFECT THAT SUCH TRANSFEREE IS NOT AN EMPLOYEE BENEFIT PLAN SUBJECT TO
      SECTION 406 OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED
      (“ERISA”), OR A PLAN OR ARRANGEMENT SUBJECT TO SECTION 4975 OF THE CODE OR A
      PERSON ACTING ON BEHALF OF ANY SUCH PLAN OR ARRANGEMENT OR USING PLAN ASSETS
      OF
      ANY SUCH PLAN OR ARRANGEMENT TO EFFECT THE TRANSFER, OR (B) IF THIS CERTIFICATE
      HAS BEEN THE SUBJECT OF AN ERISA-QUALIFYING UNDERWRITING, A REPRESENTATION
      THAT
      THE PURCHASER IS AN INSURANCE COMPANY PURCHASING THIS CERTIFICATE WITH FUNDS
      CONTAINED IN AN “INSURANCE COMPANY GENERAL ACCOUNT” AS DEFINED IN SECTION V(e)
      OF PROHIBITED TRANSACTION CLASS EXEMPTION (“PTCE”) 95-60 AND THAT THE PURCHASE
      AND HOLDING OF THIS CERTIFICATE ARE COVERED UNDER SECTIONS I AND III OF PTCE
      95-60, OR (C) AN OPINION OF COUNSEL IN ACCORDANCE WITH THE PROVISIONS OF THE
      AGREEMENT REFERRED TO HEREIN. NOTWITHSTANDING ANYTHING ELSE TO THE CONTRARY
      HEREIN, ANY PURPORTED TRANSFER OF THIS CERTIFICATE TO OR ON BEHALF OF AN
      EMPLOYEE BENEFIT PLAN SUBJECT TO ERISA OR TO SECTION 4975 OF THE CODE WITHOUT
      THE DELIVERY TO THE CERTIFICATE REGISTRAR OF AN OPINION OF COUNSEL SATISFACTORY
      TO THE CERTIFICATE REGISTRAR AS DESCRIBED ABOVE SHALL BE VOID AND OF NO
      EFFECT.

     

    

    
      
        
          
          

        

        
          C-4-1

          
            

          

        

        
          
          

        

      

    

    

    

     

    
      	
              Cut-Off
                Date:

            	
              October
                1, 2006

            

    

     

    
      	
              Certificate
                No.:

            	
              1

            

    

     

    
      	
              Class:

            	
              ES

            

    

     

    
      	
              Initial
                Notional Balance:

            	
              $[                 ]1

            

    

    

    
      	
              Percentage
                Interest:

            	
              100%

            

    

     

     

     

    
 

     

    _______________

    1
      The
      Notional Balance of the Class ES Certificates is equal to the Pool Balance
      as of
      any date of determination and it does not affect distributions of the Class
      ES
      Distributable Amount under the Pooling and Servicing Agreement.

    

    
      
        
          
          

        

        
          C-4-2

          
            

          

        

        
          
          

        

      

    

    

    HarborView
      Mortgage Loan Trust 2006-10

    Mortgage
      Loan Pass-Through Certificates, Series 2006-10

    Class
      ES

     

    evidencing
      the Percentage Interest in the distributions allocable to the Certificates
      of
      the above-referenced Class with respect to the Trust consisting primarily of
      adjustable rate, first lien mortgage loans (the “Mortgage Loans”) purchased from
      others by

     

    GREENWICH
      CAPITAL ACCEPTANCE, INC., as Depositor.

     

    This
      Certificate does not evidence an obligation of, or an interest in, and is not
      guaranteed by the Depositor, the Seller, the Servicer or the Trustee referred
      to
      below or any of their respective affiliates. Neither this Certificate nor the
      Mortgage Loans are guaranteed or insured by any governmental agency or
      instrumentality.

     

    This
      certifies that GREENWICH CAPITAL MARKETS, INC. is the registered owner of the
      Percentage Interest evidenced by this Certificate specified above in the
      interest represented by all Certificates of the Class to which this Certificate
      belongs in a Trust consisting primarily of the Mortgage Loans deposited by
      Greenwich Capital Acceptance, Inc. (the “Depositor”). The Trust was created
      pursuant to a Pooling and Servicing Agreement dated as of October 1, 2006 (the
      “Agreement”) among the Depositor, Greenwich Capital Financial Products, Inc., as
      seller (the “Seller”), Clayton Fixed Income Services Inc., as credit risk
      manager, and Wells Fargo Bank, N.A., as trustee (the “Trustee”). To the extent
      not defined herein, the capitalized terms used herein have the meanings assigned
      in the Agreement. This Certificate is issued under and is subject to the terms,
      provisions and conditions of the Agreement, to which Agreement the Holder of
      this Certificate by virtue of the acceptance hereof assents and by which such
      Holder is bound. 

     

    The
      Notional Balance of the Class ES Certificates is equal to the Pool Balance
      as of
      any date of determination and it does not affect distributions of the Class
      ES
      Distributable Amount under the Pooling and Servicing Agreement.

     

    Reference
      is hereby made to the further provisions of this Certificate set forth on the
      reverse hereof, which further provisions shall for all purposes have the same
      effect as if set forth at this place.

     

    This
      Certificate shall not be entitled to any benefit under the Agreement or be
      valid
      for any purpose unless manually countersigned by an authorized signatory of
      the
      Trustee, as Certificate Registrar.

     

    

    
      
        
          
          

        

        
          C-4-3

          
            

          

        

        
          
          

        

      

    

    

    IN
      WITNESS WHEREOF, the Trustee has caused this Certificate to be duly
      executed.

     

    Dated:
      November ___, 2006

     

    WELLS
      FARGO BANK, N.A.,

    not
      in
      its individual capacity,

    but
      solely as Trustee

    

    

    

    By
      ______________________________________

     

    

    

    This
      is
      one of the Certificates

    referenced
      in the within-mentioned Agreement

     

    

    

    By
      ________________________________________

    Authorized
      Signatory of

    WELLS
      FARGO BANK, N.A.,

    as
      Certificate Registrar

    

    

     

     

    

    
      
        
          
          

        

        
          C-4-4

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      D

     

    FORM
      OF REVERSE CERTIFICATE

     

    HarborView
      Mortgage Loan Trust

    Mortgage
      Loan Pass-Through Certificates, Series 2006-10

    Reverse
      Certificate

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      HarborView Mortgage Loan Trust Mortgage Loan Pass-Through Certificates, Series
      2006-10 (herein collectively called the “Certificates”), and representing a
      beneficial ownership interest in the Trust Fund created by the
      Agreement.

     

    The
      Certificateholder, by its acceptance of this Certificate, agrees that it will
      look solely to the funds on deposit in the Distribution Account for payment
      hereunder and that the Trustee is not liable to the Certificateholder for any
      amount payable under this Certificate or the Agreement or, except as expressly
      provided in the Agreement, subject to any liability under the
      Agreement.

     

    This
      Certificate does not purport to summarize the Agreement and reference is made
      to
      the Agreement for the interests, rights and limitations of rights, benefits,
      obligations and duties evidenced thereby, and the rights, duties and immunities
      of the Trustee.

     

    Pursuant
      to the terms of the Agreement, distributions will be made on the 19th
      day of
      each month, or if the 19th
      day is
      not a Business Day, then on the next succeeding Business Day (the “Distribution
      Date”), commencing on the Distribution Date in November 2006, to the Person in
      whose name this Certificate is registered at the close of business on the
      applicable Record Date in an amount equal to the product of the Percentage
      Interest evidenced by this Certificate and the amount required to be distributed
      to Holders of Certificates of the Class to which this Certificate belongs on
      such Distribution Date pursuant to the Agreement.

     

    Distributions
      on this Certificate shall be made, (i) in the case of a Physical Certificate,
      by
      check or money order mailed to the address of the person entitled thereto as
      it
      appears on the Certificate Register or, upon the request of a Certificateholder,
      by wire transfer as set forth in the Agreement and (ii) in the case of a
      Book-Entry Certificate, to the Depository, which shall credit the amounts of
      such distributions to the accounts of its Depository Participants in accordance
      with its normal procedures. The final distribution on each Certificate shall
      be
      made in like manner, but only upon presentment and surrender of such Certificate
      at the office or agency of the Certificate Registrar specified in the notice
      to
      Certificateholders of such final distribution.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights of the Certificateholders under
      the
      Agreement at any time, by the Depositor, the Seller, the Trustee and Holders
      of
      the requisite percentage of the Percentage Interests of each Class of
      Certificates affected by such amendment, as specified in the Agreement. Any
      such
      consent by the Holder of this Certificate shall be conclusive and binding on
      such Holder and upon all future Holders of this Certificate and of any
      Certificate issued upon the transfer hereof or in exchange therefor or in lieu
      hereof whether or not notation of such consent is made upon this Certificate.
      The Agreement also permits the amendment thereof, in certain limited
      circumstances, without the consent of the Holders of any of the
      Certificates.

    
      
        
        

      

      
        D-1

        
          

        

      

      
        
        

      

    

     

    As
      provided in the Agreement and subject to certain limitations therein set forth,
      the transfer of this Certificate is registrable in the Certificate Register
      of
      the Certificate Registrar upon surrender of this Certificate for registration
      of
      transfer at the office or agency maintained by the Certificate Registrar
      accompanied by a written instrument of transfer in form satisfactory to the
      Certificate Registrar duly executed by the Holder hereof or such Holder’s
      attorney duly authorized in writing, and thereupon one or more new Certificates
      of the same Class in authorized denominations and evidencing the same aggregate
      Percentage Interest in the Trust Fund will be issued to the designated
      transferee or transferees. The Certificates are issuable only as registered
      Certificates without coupons in denominations specified in the Agreement. As
      provided in the Agreement and subject to certain limitations set forth therein,
      Certificates are exchangeable for new Certificates of the same Class in
      authorized denominations and evidencing the same aggregate Percentage Interest,
      as requested by the Holder surrendering the same. No service charge will be
      made
      for any such registration of transfer or exchange, but the Certificate Registrar
      may require payment of a sum sufficient to cover any tax or other governmental
      charge payable in connection therewith.

     

    Subject
      to the terms of the Agreement, each Class of Book-Entry Certificates will be
      registered as being held by the Depository or its nominee and beneficial
      interests will be held by Certificate Owners through the book-entry facilities
      of the Depository or its nominee in minimum denominations of $25,000 and
      integral dollar multiples of $1 in excess thereof, provided,
      that,
      such
      certificates must be purchased in minimum total investments of at least
      $100,000.

     

    Each
      of
      the Class C, Class ES, Class P and Class R Certificates shall be issued as
      a
      single certificate and will be maintained in physical form.

     

    The
      Depositor, the Seller, the Trustee, the Certificate Registrar and any agent
      of
      the foregoing may treat the Person in whose name this Certificate is registered
      as the owner hereof for all purposes, and none of the Depositor, the Seller,
      the
      Trustee, the Certificate Registrar or any agent of any of them shall be affected
      by any notice to the contrary.

     

    On
      any
      Distribution Date following the date on which the aggregate of the Stated
      Principal Balances of the Mortgage Loans on such date is equal to or less than
      10% of the Cut-Off Date Aggregate Principal Balance, the Servicer, with the
      prior written consent of the NIMS Insurer or at the direction of the NIMS
      Insurer may, at its option, terminate the Agreement by purchasing all of the
      outstanding Mortgage Loans and REO Properties at the Termination Price as
      provided in the Agreement. In the event that the Servicer does not exercise
      its
      right of optional termination, the obligations and responsibilities created
      by
      the Agreement will terminate upon the earliest of (i) the Distribution Date
      on
      which the Class Certificate Principal Balance of each Class of Certificates
      has
      been reduced to zero, (ii) the final payment or other liquidation of the last
      Mortgage Loan and (iii) the Latest Possible Maturity Date.

     

    To
      the
      extent not defined herein, capitalized terms used herein have the meanings
      assigned to them in the Agreement, and nothing herein shall be deemed
      inconsistent with that meaning.

     

    

    
      
        
          
          

        

        
          D-2

          
            

          

        

        
          
          

        

      

    

    

    ASSIGNMENT

     

    
      FOR
        VALUE
        RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto
        

      _______________________________________________________________________________________________________________________

      _______________________________________________________________________________________________________________________

      (Please
        print or typewrite name and address including postal ZIP code of
        assignee)

       

    

    the
      Percentage Interest evidenced by the within Certificate and hereby authorizes
      the transfer of registration of such Percentage Interest to assignee on the
      Certificate Register of the Trust.

     

    I
      (We)
      further direct the Trustee to issue a new Certificate of a like denomination
      and
      Class, to the above named assignee and deliver such Certificate to the following
      address: 

    _______________________________________________________________________________________________________________________.

     

    Dated:
      _____________

     

    ______________________________________

    Signature
      by or on behalf of assignor

     

    

    
      
        
          
          

        

        
          D-3

          
            

          

        

        
          
          

        

      

    

    

    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.

     

    

     

    

    
      
        
          
          

        

        
          D-4

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      E

     

    [RESERVED]
      

     

    

    
      
        
          
          

        

        
          E-1

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      F

     

    REQUEST
      FOR RELEASE 

     

                                                     
      

    Date

     

    [Addressed
      to Trustee

    or,
      if
      applicable, custodian]

     

    In
      connection with the administration of the mortgages held by you as [Trustee]
      [Custodian, on behalf of the Trustee] under a certain Pooling and Servicing
      Agreement dated as of October 1, 2006 among Greenwich Capital Acceptance, Inc.,
      as Depositor, Greenwich Capital Financial Products, Inc., as Seller, Clayton
      Fixed Income Services Inc., as Credit Risk Manager, and Wells Fargo Bank, N.A.,
      as Trustee (the “Pooling and Servicing Agreement”), the undersigned [Servicer]
      hereby requests a release of the Mortgage File held by you as [Trustee]
      [Custodian, on behalf of the Trustee] with respect to the following described
      Mortgage Loan for the reason indicated below.

     

    Mortgagor’s
      Name:

     

    Address:

     

    Loan
      No.:

     

    Reason
      for requesting file:

     

    1. Mortgage
      Loan paid in full. (The [Servicer] hereby certifies that all amounts received
      in
      connection with the loan have been or will be credited to a Servicing Account
      or
      the Distribution Account (whichever is applicable) pursuant to the Pooling
      and
      Servicing Agreement.)

     

    2. The
      Mortgage Loan is being foreclosed.

     

    3. Mortgage
      Loan substituted. (The [Servicer] hereby certifies that a Qualified Substitute
      Mortgage Loan has been assigned and delivered to you along with the related
      Mortgage File pursuant to the Pooling and Servicing Agreement.)

     

    4. Mortgage
      Loan repurchased. (The [Servicer] hereby certifies that the Purchase Price
      has
      been credited to a Servicing Account or the Distribution Account (whichever
      is
      applicable) pursuant to the Pooling and Servicing Agreement.)

     

    5. Other.
      (Describe)

    
      
        
        

      

      
        F-1

        
          

        

      

      
        
        

      

    

     

    The
      undersigned acknowledges that the above Mortgage File will be held by the
      undersigned in accordance with the provisions of the Pooling and Servicing
      Agreement and will be returned to you within ten (10) days of our receipt of
      the
      Mortgage File, except if the Mortgage Loan has been paid in full, or repurchased
      or substituted for a Qualified Substitute Mortgage Loan (in which case the
      Mortgage File will be retained by us without obligation to return to
      you).

     

    Capitalized
      terms used herein shall have the meanings ascribed to them in the Pooling and
      Servicing Agreement.

     

    _____________________________________

    [Name
      of
      [Servicer]]

     

    By:__________________________________

    Name:

    Title:
      Servicing Officer

    

     

    

    
      
        
          
          

        

        
          F-2

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      G-1

     

    FORM
      OF RECEIPT OF MORTGAGE NOTE

     

    RECEIPT
      OF MORTGAGE NOTE

     

    Greenwich
      Capital Acceptance, Inc.

    600
      Steamboat Road

    Greenwich,
      Connecticut 06830

     

    
      	 	
              Re:
                

            	
              HarborView
                Mortgage Loan Trust 

              Mortgage
                Loan Pass-Through Certificates, Series
                2006-10

            

    

     

     

    Ladies
      and Gentlemen:

     

    Pursuant
      to Section 2.01 of the Pooling and Servicing Agreement dated as of October
      1,
      2006, among Greenwich Capital Acceptance, Inc., as Depositor, Greenwich Capital
      Financial Products, Inc., as Seller, Clayton Fixed Income Services Inc., as
      Credit Risk Manager, and Wells Fargo Bank, N.A., as Trustee, we hereby
      acknowledge the receipt of the original Mortgage Note with respect to each
      Mortgage Loan listed on Exhibit 1, with any exceptions thereto listed on Exhibit
      2.

     

    

     

    DEUTSCHE
      BANK NATIONAL TRUST 

    COMPANY,
      as Custodian

    

    

    By:                                                                       
      

    Name:

    Title:

     

    

     

    Dated:
      

     

    

    
      
        
          
          

        

        
          G-1-1

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      1

     

    MORTGAGE
      LOAN SCHEDULE

     

    [To
      be retained in a separate closing binder entitled “HarborView 2006-10 Mortgage
      Loan 

    Schedule”
      at the Washington DC offices of McKee Nelson LLP] 

     

    

    
      
        
          
          

        

        
          G-1-2

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      2

     

    EXCEPTION
      REPORT

     

    

     

    [To
      be retained in a separate closing binder entitled “HarborView 2006-10 Mortgage
      Loan 

    Schedule”
      at the Washington DC offices of McKee Nelson LLP]

     

    

    
      
        
          
          

        

        
          G-1-3

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      G-2

     

    FORM
      OF INTERIM CERTIFICATION OF TRUSTEE

     

    INTERIM
      CERTIFICATION OF TRUSTEE

     

    [date]

     

    

     

    
      	
              Greenwich
                Capital Acceptance, Inc.

              600
                Steamboat Road

              Greenwich,
                Connecticut 06830

            	 
	 	 
	
              Greenwich
                Capital Financial Products, Inc.

              600
                Steamboat Road

              Greenwich,
                Connecticut 06830

            	 

    

    

    

      
        	 	
                Re:

              	
                Pooling
                  and Servicing Agreement dated as of October 1, 2006, among 

                Greenwich
                  Capital Acceptance, Inc., as Depositor, Greenwich Capital 

                Financial
                  Products, Inc., as Seller, Clayton Fixed Income Services Inc.,
                  

                as
                  Credit Risk Manager, and Wells Fargo Bank, N.A., as Trustee, HarborView
                  

                Mortgage
                  Loan Trust Mortgage Loan Pass-Through Certificates, Series
                  2006-10

              

      

       

    

    Ladies
      and Gentlemen:

     

    In
      accordance with Section 2.02 of the above-captioned Pooling and Servicing
      Agreement (the “Pooling and Servicing Agreement”), the undersigned, as Trustee,
      hereby certifies that, as to each Mortgage Loan listed in the Mortgage Loan
      Schedule (other than any Mortgage Loan paid in full or listed on the attached
      schedule) it has received:

     

    
      	 	
              (i)

            	
              all
                documents required to be delivered to the Trustee pursuant to
                Section 2.01 of the Pooling and Servicing Agreement are in its
                possession;

            

    

     

    
      	 	
              (ii)

            	
              such
                documents have been reviewed by the Trustee and have not been mutilated,
                damaged or torn and relate to such Mortgage Loan;
                and

            

    

     

    
      	 	
              (iii)

            	
              based
                on the Trustee’s examination and only as to the foregoing, the information
                set forth in the Mortgage Loan Schedule that corresponds to items
                (i),
                (ii), (xx), (xxi) and (xxiv) of the Mortgage Loan Schedule accurately
                reflects information set forth in the Mortgage
                File.

            

    

     

    Based
      on
      its review and examination and only as to the foregoing documents, such
      documents appear regular on their face and related to such Mortgage
      Loan.

     

    The
      Trustee has made no independent examination of any documents contained in each
      Mortgage File beyond the review specifically required in the Pooling and
      Servicing Agreement. The Trustee makes no representations as to: (i) the
      validity, legality, sufficiency, enforceability or genuineness of any of the
      documents contained in each Mortgage File of any of the Mortgage Loans
      identified on the Mortgage Loan Schedule, or (ii) the collectibility,
      insurability, effectiveness or suitability of any such Mortgage
      Loan.

    
      
        
        

      

      
        G-2-1

        
          

        

      

      
        
        

      

    

     

    Capitalized
      words and phrases used herein shall have the respective meanings assigned to
      them in the Pooling and Servicing Agreement.

     

    

     

    WELLS
      FARGO BANK, N.A., as Trustee

     

    By:
      _________________________________

    Name:
      _______________________________

    Title:
      ________________________________

    

     

    

    
      
        
          
          

        

        
          G-2-2

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      G-3

     

    FORM
      OF FINAL CERTIFICATION OF TRUSTEE

     

    FINAL
      CERTIFICATION OF TRUSTEE

     

    [date]

     

    
      	
              Greenwich
                Capital Acceptance, Inc.

              600
                Steamboat Road

              Greenwich,
                Connecticut 06830

            	 
	 	 
	
              Greenwich
                Capital Financial Products, Inc.

              600
                Steamboat Road

              Greenwich,
                Connecticut 06830

            	 

    

    

    

      
        	 	
                Re:

              	
                Pooling
                  and Servicing Agreement dated as of October 1, 2006, among 

                Greenwich
                  Capital Acceptance, Inc., as Depositor, Greenwich Capital 

                Financial
                  Products, Inc., as Seller, Clayton Fixed Income Services Inc.,
                  

                as
                  Credit Risk Manager, and Wells Fargo Bank, N.A., as Trustee, HarborView
                  

                Mortgage
                  Loan Trust Mortgage Loan Pass-Through Certificates, Series
                  2006-10

              

      

       

    

    Ladies
      and Gentlemen:

     

    In
      accordance with Section 2.02 of the above-captioned Pooling and Servicing
      Agreement (the “Pooling and Servicing Agreement”), the undersigned, as Trustee,
      hereby certifies that as to each Mortgage Loan listed in the Mortgage Loan
      Schedule (other than any Mortgage Loan paid in full or listed on the attached
      Document Exception Report) it has received all documents required to be
      delivered to the Trustee pursuant to Section 2.01 of the Pooling and Servicing
      Agreement.

     

    Based
      on
      its review and examination and only as to the foregoing documents, (a) such
      documents appear regular on their face and related to such Mortgage Loan, and
      (b) the information set forth in items (i), (ii), (xx), (xxi) and (xxiv) of
      the
      definition of the “Mortgage Loan Schedule” in Section 1.01 of the Pooling and
      Servicing Agreement accurately reflects information set forth in the Mortgage
      File.

     

    The
      Trustee has made no independent examination of any documents contained in each
      Mortgage File beyond the review specifically required in the Pooling and
      Servicing Agreement. The Trustee makes no representations as to: (i) the
      validity, legality, sufficiency, enforceability or genuineness of any of the
      documents contained in each Mortgage File of any of the Mortgage Loans
      identified on the Mortgage Loan Schedule, or (ii) the collectibility,
      insurability, effectiveness or suitability of any such Mortgage
      Loan.

     

    Capitalized
      words and phrases used herein shall have the respective meanings assigned to
      them in the Pooling and Servicing Agreement.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    

     

    WELLS
      FARGO BANK, N.A., as Trustee

     

    By:
      ________________________________

    Name:
      ______________________________

    Title:
      _______________________________

     

     

     

    

     

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      H

     

    FORM
      OF LOST NOTE AFFIDAVIT

     

    Personally
      appeared before me the undersigned authority to administer oaths,
      ______________________ who first being duly sworn deposes and says: Deponent
      is
      ______________________ of Greenwich Capital Financial Products, Inc. (the
“Seller”) and who has personal knowledge of the facts set out in this
      affidavit.

     

    On
      ___________________, _________________________ did execute and deliver a
      promissory note in the principal amount of $__________.

     

    That
      said
      note has been misplaced or lost through causes unknown and is currently lost
      and
      unavailable after diligent search has been made. The Seller’s records show that
      an amount of principal and interest on said note is still presently outstanding,
      due, and unpaid, and such Seller is still owner and holder in due course of
      said
      lost note.

     

    The
      Seller executes this Affidavit for the purpose of inducing Wells Fargo Bank,
      N.A., as trustee on behalf of HarborView Mortgage Loan Trust Mortgage Loan
      Pass-Through Certificates, Series 2006-10, to accept the transfer of the above
      described loan from the Seller.

     

    The
      Seller agrees to indemnify Wells Fargo Bank, N.A. and Greenwich Capital
      Acceptance, Inc. and hold them harmless for any losses incurred by such parties
      resulting from the fact that the above described Note has been lost or
      misplaced.

     

    

    By: 
      __________________________________

    __________________________________

     

    
      	
              STATE
                OF 

            	
              )

            	 
	 	
              )

            	
              ss:

            
	
              COUNTY
                OF

            	
              )

            	 

    

    

    

    On
      this
      ____ day of ___________ 20__, before me, a Notary Public, in and for said County
      and State, appeared ________________________, who acknowledged the extension
      of
      the foregoing and who, having been duly sworn, states that any representations
      therein contained are true.

     

    Witness
      my hand and Notarial Seal this ____ day of _______ 20__.

     

    _______________________________

    _______________________________

     

    My
      commission expires _______________.

     

    

    
      
        
          
          

        

        
          H-1

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      I-1

     

    FORM
      OF ERISA REPRESENTATION FOR RESIDUAL CERTIFICATE

    

     

    [Date]

    

    Greenwich
      Capital Acceptance, Inc.

    600
      Steamboat Road

    Greenwich,
      Connecticut 06830

     

    Wells
      Fargo Bank, N.A.

    9062
      Old
      Annapolis Rd.

    Columbia,
      MD 21045

    

     

    
      	 	
              Re:

            	
              HarborView
                Mortgage Loan Trust Mortgage Loan 

              Pass-Through
                Certificates, Series 2006-10, Class R
                Certificate 

            

    

     

    Ladies
      and Gentlemen:

     

    1. The
      undersigned is the ______________________ of _________________ (the
“Transferee”), a [corporation duly organized] and existing under the laws of
      __________, on behalf of which she makes this affidavit.

     

    2.  The
      Transferee either (x) is not an employee benefit plan subject to Section 406
      of
      the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), or a
      plan or arrangement subject to Section 4975 of the Internal Revenue Code of
      1986, as amended (the “Code”) (collectively, a “Plan”) nor a person acting on
      behalf of any such Plan nor using the assets of any such Plan to effect the
      transfer; (y) if the Certificate has been the subject of a best efforts or
      firm
      commitment underwriting or private placement that meets the requirements of
      Prohibited Transaction Exemption 2002-41, and is an insurance company which
      is
      purchasing such Certificates with funds contained in an “insurance company
      general account” (as such term is defined in Section V(e) of Prohibited
      Transaction Class Exemption 95-60 (“PTCE 95-60”) and that the purchase and
      holding of such Certificates are covered under Section I and III of PTCE 95-60;
      or (z) shall deliver to the Certificate Registrar an opinion of counsel (a
      “Benefit Plan Opinion”) satisfactory to the Certificate Registrar, and upon
      which the Certificate Registrar shall be entitled to rely, to the effect that
      the purchase or holding of such Certificate by the Transferee will not result
      in
      a non-exempt prohibited transaction under Section 406 of ERISA or Section 4975
      of the Code and will not subject the Trustee, the Certificate Registrar, the
      Servicer or the Depositor to any obligation in addition to those undertaken
      by
      such entities in the Pooling and Servicing Agreement, which opinion of counsel
      shall not be an expense of the Trustee, the Certificate Registrar the Depositor
      or the Trust Fund.

     

    3. The
      Transferee hereby acknowledges that under the terms of the Pooling and Servicing
      Agreement dated as of October 1, 2006 (the “Agreement”) among Greenwich Capital
      Acceptance, Inc., as Depositor, Greenwich Capital Financial Products, Inc.,
      as
      Seller, Clayton Fixed Income Services Inc., as Credit Risk Manager, and Wells
      Fargo Bank, N.A., as Trustee, no transfer of any ERISA-Restricted Certificate
      in
      the form of a Definitive Certificate shall be permitted to be made to any person
      unless the Depositor and the Certificate Registrar have received a certificate
      from such transferee in the form hereof.

    
      
        
        

      

      
        I-1-1

        
          

        

      

      
        
        

      

    

     

    Capitalized
      words and phrases used herein shall have the respective meanings assigned to
      them in the Pooling and Servicing Agreement.

     

    IN
      WITNESS WHEREOF, the Transferee has executed this certificate.

     

    

     

    _________________________________

    [Transferee]

     

    By: 
      ______________________________
Name:
Title:

    

     

    

     

    

    
      
        
          
          

        

        
          I-1-2

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      I-2

     

    FORM
      OF ERISA REPRESENTATION

    FOR
      ERISA RESTRICTED TRUST CERTIFICATES

     

    [Date]

    

    Greenwich
      Capital Acceptance, Inc.

    600
      Steamboat Road

    Greenwich,
      Connecticut 06830

     

    Wells
      Fargo Bank, N.A.

    9062
      Old
      Annapolis Rd.

    Columbia,
      MD 21045

    

     

    
      	 	
              Re:

            	
              HarborView
                Mortgage Loan Trust Mortgage Loan Pass-Through

              Certificates,
                Series 2006-10, ERISA Restricted
                Certificates                    
                

            

    

     

    

    Ladies
      and Gentlemen:

    

    1. The
      undersigned is the ______________________ of _________________ (the
“Transferee”), a [corporation duly organized] and existing under the laws of
      __________, on behalf of which she makes this affidavit.

     

    2.  The
      Transferee either (x) is not an employee benefit plan subject to Section 406
      of
      the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), or a
      plan or arrangement subject to Section 4975 of the Internal Revenue Code of
      1986, as amended (the “Code”) (collectively, a “Plan”) nor a person acting on
      behalf of any such Plan nor using the assets of any such Plan to effect the
      transfer; (y) if the Certificate has been the subject of a best efforts or
      firm
      commitment underwriting or private placement that meets the requirements of
      Prohibited Transaction Exemption 2002-41, and is an insurance company which
      is
      purchasing such Certificates with funds contained in an “insurance company
      general account” (as such term is defined in Section V(e) of Prohibited
      Transaction Class Exemption 95-60 (“PTCE 95-60”) and that the purchase and
      holding of such Certificates are covered under Section I and III of PTCE 95-60;
      or (z) shall deliver to the Certificate Registrar an opinion of counsel (a
      “Benefit Plan Opinion”) satisfactory to the Certificate Registrar, and upon
      which the Certificate Registrar and any NIMS Insurer shall be entitled to rely,
      to the effect that the purchase or holding of such Certificate by the Transferee
      will not result in a non-exempt prohibited transaction under Section 406 of
      ERISA or Section 4975 of the Code and will not subject the Trustee, the
      Certificate Registrar, the Servicer, any NIMS Insurer or the Depositor to any
      obligation in addition to those undertaken by such entities in the Pooling
      and
      Servicing Agreement, which opinion of counsel shall not be an expense of the
      Trustee, the Certificate Registrar the Depositor or the Trust Fund.

    
      
        
        

      

      
        I-2-1

        
          

        

      

      
        
        

      

    

     

    3. The
      Transferee hereby acknowledges that under the terms of the Pooling and Servicing
      Agreement dated as of October 1, 2006 (the “Agreement”) among Greenwich Capital
      Acceptance, Inc., as Depositor, Greenwich Capital Financial Products, Inc.,
      as
      Seller, Clayton Fixed Income Services Inc., as Credit Risk Manager, and Wells
      Fargo Bank, N.A., as Trustee, no transfer of any ERISA-Restricted Certificate
      in
      the form of a Definitive Certificate shall be permitted to be made to any person
      unless the Depositor and the Certificate Registrar have received a certificate
      from such transferee in the form hereof.

     

    Capitalized
      words and phrases used herein shall have the respective meanings assigned to
      them in the Pooling and Servicing Agreement.

     

    IN
      WITNESS WHEREOF, the Transferee has executed this certificate.

     

    

     

    _________________________________

    [Transferee]

     

    By: 
      ______________________________
Name:
Title:

    

    

    

    

    
      
        
          
          

        

        
          I-2-2

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      J-1

     

    FORM
      OF INVESTMENT LETTER [NON-RULE 144A]

     

    [date]

     

    Greenwich
      Capital Acceptance, Inc.

    600
      Steamboat Road

    Greenwich,
      Connecticut 06830

     

    Wells
      Fargo Bank, N.A.

    9062
      Old
      Annapolis Rd.

    Columbia,
      MD 21045

     

    
      	 	
              Re:

            	
              HarborView
                Mortgage Loan Trust Mortgage Loan Pass-Through 

              Certificates,
                Series 2006-10, Class
                [C][P][R][ES]                                         
                

            

    

     

    Ladies
      and Gentlemen:

     

    In
      connection with our acquisition the Class [C][P][R][ES] Certificates (the
“Certificates”) of the above-captioned series, we certify that (a) we understand
      that the Certificates are not being registered under the Securities Act of
      1933,
      as amended (the “Act”), or any state securities laws and are being transferred
      to us in a transaction that is exempt from the registration requirements of
      the
      Act and any such laws, (b) we are an “accredited investor,” as defined in
      Regulation D under the Act, and have such knowledge and experience in financial
      and business matters that we are capable of evaluating the merits and risks
      of
      investments in the Certificates, (c) we have had the opportunity to ask
      questions of and receive answers from the Depositor concerning the purchase
      of
      the Certificates and all matters relating thereto or any additional information
      deemed necessary to our decision to purchase the Certificates, (d) we are
      acquiring the Certificates for investment for our own account and not with
      a
      view to any distribution of such Certificates (but without prejudice to our
      right at all times to sell or otherwise dispose of the Certificates in
      accordance with clause (f) below), (e) we have not offered or sold any
      Certificates to, or solicited offers to buy any Certificates from, any person,
      or otherwise approached or negotiated with any person with respect thereto,
      or
      taken any other action which would result in a violation of Section 5 of the
      Act, and (f) we will not sell, transfer or otherwise dispose of any Certificates
      unless (1) such sale, transfer or other disposition is made pursuant to an
      effective registration statement under the Act or is exempt from such
      registration requirements, and if requested, we will at our expense provide
      an
      opinion of counsel satisfactory to the addressees of this Certificate that
      such
      sale, transfer or other disposition may be made pursuant to an exemption from
      the Act, (2) the purchaser or transferee of such Certificate has executed and
      delivered to you a certificate to substantially the same effect as this
      certificate, and (3) the purchaser or transferee has otherwise complied with
      any
      conditions for transfer set forth in the Pooling and Servicing
      Agreement.

    
      
        
        

      

      
        J-1-1

        
          

        

      

      
        
        

      

    

     

    

     

    Capitalized
      words and phrases used herein shall have the respective meanings assigned to
      them in the Pooling and Servicing Agreement.

     

    Very
      truly yours,

     

    [NAME
      OF
      TRANSFEREE]

     

    By:
                  
                                                   

    Authorized
      Officer

     

    

    

    
      
        
          
          

        

        
          J-1-2

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      J-2

    

    FORM
      OF RULE 144A INVESTMENT LETTER

    

     

    [date]

     

    Greenwich
      Capital Acceptance, Inc.

    600
      Steamboat Road

    Greenwich,
      Connecticut 06830

     

    Wells
      Fargo Bank, N.A.

    9062
      Old
      Annapolis Rd.

    Columbia,
      MD 21045

    

     

    
      	 	
              Re:

            	
              HarborView
                Mortgage Loan Trust Mortgage Loan Pass-Through 

              Certificates,
                Series 2006-10, Class
                [C][P][R][ES]

            

    

     

    Ladies
      and Gentlemen:

     

    In
      connection with our acquisition of the Class [C][P][R][ES] Certificates (the
      “Certificates”) of the above-captioned series, we certify that (a) we understand
      that the Certificates are not being registered under the Securities Act of
      1933,
      as amended (the “Act”), or any state securities laws and are being transferred
      to us in a transaction that is exempt from the registration requirements of
      the
      Act and any such laws, (b) we have had the opportunity to ask questions of
      and
      receive answers from the Depositor concerning the purchase of the Certificates
      and all matters relating thereto or any additional information deemed necessary
      to our decision to purchase the Certificates, (c) we have not, nor has anyone
      acting on our behalf offered, transferred, pledged, sold or otherwise disposed
      of the Certificates, any interest in the Certificates or any other similar
      security to, or solicited any offer to buy or accept a transfer, pledge or
      other
      disposition of the Certificates, any interest in the Certificates or any other
      similar security from, or otherwise approached or negotiated with respect to
      the
      Certificates, any interest in the Certificates or any other similar security
      with, any person in any manner, or made any general solicitation by means of
      general advertising or in any other manner, or taken any other action, that
      would constitute a distribution of the Certificates under the Securities Act
      or
      that would render the disposition of the Certificates a violation of Section
      5
      of the Securities Act or require registration pursuant thereto, nor will act,
      nor has authorized or will authorize any person to act, in such manner with
      respect to the Certificates, and (d) we are a “qualified institutional buyer” as
      that term is defined in Rule 144A under the Securities Act and have completed
      either of the forms of certification to that effect attached hereto as Annex
      1
      or Annex 2. We are aware that the sale to us is being made in reliance on Rule
      144A. We are acquiring the Certificates for our own account or for resale
      pursuant to Rule 144A and further, understand that such Certificates may be
      resold, pledged or transferred only (i) to a person reasonably believed to
      be a
      qualified institutional buyer that purchases for its own account or for the
      account of a qualified institutional buyer to whom notice is given that the
      resale, pledge or transfer is being made in reliance on Rule 144A, or (ii)
      pursuant to another exemption from registration under the Securities
      Act.

    
      
        
        

      

      
        J-2-1

        
          

        

      

      
        
        

      

    

     

    Capitalized
      words and phrases used herein shall have the respective meanings assigned to
      them in the Pooling and Servicing Agreement.

     

    Very
      truly yours,

     

    [NAME
      OF
      TRANSFEREE]

     

    

    By:
                  
                                                                   

    Authorized
      Officer

     

    

     

    

    
      
        
          
          

        

        
          J-2-2

          
            

          

        

        
          
          

        

      

    

    

    ANNEX
      1 TO EXHIBIT J-2

     

    QUALIFIED
      INSTITUTIONAL BUYER STATUS UNDER SEC RULE 144A

     

    [For
      Transferees Other Than Registered Investment Companies]

     

    The
      undersigned (the “Buyer”) hereby certifies as follows to the parties listed in
      the Rule 144A Transferee Certificate to which this certification relates with
      respect to the Certificates described therein:

     

    i. As
      indicated below, the undersigned is the President, Chief Financial Officer,
      Senior Vice President or other executive officer of the Buyer.

     

    ii. In
      connection with purchases by the Buyer, the Buyer is a “qualified institutional
      buyer” as that term is defined in Rule 144A under the Securities Act of 1933, as
      amended (“Rule 144A”) because (i) the Buyer owned and/or invested on a
      discretionary basis $            2
      in
      securities (except for the excluded securities referred to below) as of the
      end
      of the Buyer’s most recent fiscal year (such amount being calculated in
      accordance with Rule 144A and (ii) the Buyer satisfies the criteria in the
      category marked below.

     

    ___    
      Corporation,
      etc.
      The
      Buyer is a corporation (other than a bank, savings and loan association or
      similar institution), Massachusetts or similar business trust, partnership,
      or
      charitable organization described in Section 501(c)(3) of the Internal Revenue
      Code of 1986, as amended.

     

    ___    
      Bank.
      The
      Buyer (a) is a national bank or banking institution organized under the laws
      of
      any State, territory or the District of Columbia, the business of which is
      substantially confined to banking and is supervised by the State or territorial
      banking commission or similar official or is a foreign bank or equivalent
      institution, and (b) has an audited net worth of at least $25,000,000 as
      demonstrated in its latest annual financial statements, a
      copy
      of which is attached hereto.

     

    ___    
      Savings and Loan.
      The
      Buyer (a) is a savings and loan association, building and loan association,
      cooperative bank, homestead association or similar institution, which is
      supervised and examined by a State or Federal authority having supervision
      over
      any such institutions or is a foreign savings and loan association or equivalent
      institution and (b) has an audited net worth of at least $25,000,000 as
      demonstrated in its latest annual financial statements, a
      copy
      of which is attached hereto.

     

    ___    
      Broker-dealer.
      The
      Buyer is a dealer registered pursuant to Section 15 of the Securities Exchange
      Act of 1934.

     

    _______________________

    
      
        	
                2

              	
                Buyer
                  must own and/or invest on a discretionary basis at least $100,000,000
                  in
                  securities unless Buyer is a dealer, and, in that case, Buyer must
                  own
                  and/or invest on a discretionary basis at least $10,000,000 in
                  securities.

              

      

       

    

    
      
        
        

      

      
        J-2-3

        
          

        

      

      
        
        

      

    

    ___    
      Insurance Company.
      The
      Buyer is an insurance company whose primary and predominant business activity
      is
      the writing of insurance or the reinsuring of risks underwritten by insurance
      companies and which is subject to supervision by the insurance commissioner
      or a
      similar official or agency of a State, territory or the District of
      Columbia.

     

    ___    
      State or Local Plan.
      The
      Buyer is a plan established and maintained by a State, its political
      subdivisions, or any agency or instrumentality of the State or its political
      subdivisions, for the benefit of its employees.

     

    ___    
      ERISA Plan.
      The
      Buyer is an employee benefit plan within the meaning of Title I of the Employee
      Retirement Income Security Act of 1974.

     

    ___    
      Investment Advisor.
      The
      Buyer is an investment advisor registered under the Investment Advisors Act
      of
      1940.

     

    ___    
      Small Business Investment Company.
      Buyer
      is a small business investment company licensed by the U.S. Small Business
      Administration under Section 301(c) or (d) of the Small Business Investment
      Act
      of 1958.

     

    ___    
      Business Development Company.
      Buyer
      is a business development company as defined in Section 202(a)(22) of the
      Investment Advisors Act of 1940.

     

    iii. The
      term
“securities”
as
      used
      herein does
      not include
      (i)
      securities of issuers that are affiliated with the Buyer, (ii) securities that
      are part of an unsold allotment to or subscription by the Buyer, if the Buyer
      is
      a dealer, (iii) securities issued or guaranteed by the U.S. or any
      instrumentality thereof, (iv) bank deposit notes and certificates of deposit,
      (v) loan participations, (vi) repurchase agreements, (vii) securities owned
      but
      subject to a repurchase agreement and (viii) currency, interest rate and
      commodity swaps.

     

    iv. For
      purposes of determining the aggregate amount of securities owned and/or invested
      on a discretionary basis by the Buyer, the Buyer used the cost of such
      securities to the Buyer and did not include any of the securities referred
      to in
      the preceding paragraph, except (i) where the Buyer reports its securities
      holdings in its financial statements on the basis of their market value, and
      (ii) no current information with respect to the cost of those securities has
      been published. If clause (ii) in the preceding sentence applies, the securities
      may be valued at market. Further, in determining such aggregate amount, the
      Buyer may have included securities owned by subsidiaries of the Buyer, but
      only
      if such subsidiaries are consolidated with the Buyer in its financial statements
      prepared in accordance with generally accepted accounting principles and if
      the
      investments of such subsidiaries are managed under the Buyer’s direction.
      However, such securities were not included if the Buyer is a majority-owned,
      consolidated subsidiary of another enterprise and the Buyer is not itself a
      reporting company under the Securities Exchange Act of 1934, as
      amended.

     

    v. 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.

    
      
        
        

      

      
        J-2-4

        
          

        

      

      
        
        

      

    

     

    vi. Until
      the
      date of purchase of the Rule 144A Securities, the Buyer will notify each of
      the
      parties to which this certification is made of any changes in the information
      and conclusions herein. Until such notice is given, the Buyer’s purchase of the
      Certificates will constitute a reaffirmation of this certification as of the
      date of such purchase. In addition, if the Buyer is a bank or savings and loan
      is provided above, the Buyer agrees that it will furnish to such parties updated
      annual financial statements promptly after they become available.

     

                  
                                                               

    Print
      Name of Buyer

     

    By:          
                                                                

    Name:

    Title:

     

    Date:         
                                                                

    

    
      
        
          
          

        

        
          J-2-5

          
            

          

        

        
          
          

        

      

    

    

    ANNEX
      2 TO EXHIBIT J-2

     

    QUALIFIED
      INSTITUTIONAL BUYER STATUS UNDER SEC RULE 144A

     

    [For
      Transferees That are Registered Investment Companies]

     

    The
      undersigned (the “Buyer”) hereby certifies as follows to the parties listed in
      the Rule 144A Transferee Certificate to which this certification relates with
      respect to the Certificates described therein:

     

    1. As
      indicated below, the undersigned is the President, Chief Financial Officer
      or
      Senior Vice President of the Buyer or, if the Buyer is a “qualified
      institutional buyer” as that term is defined in Rule 144A under the Securities
      Act of 1933, as amended (“Rule 144A”) because Buyer is part of a Family of
      Investment Companies (as defined below), is such an officer of the
      Adviser.

     

    2. In
      connection with purchases by Buyer, the Buyer is a “qualified institutional
      buyer” as defined in SEC Rule 144A because (i) the Buyer is an investment
      company registered under the Investment Company Act of 1940, as amended and
      (ii)
      as marked below, the Buyer alone, or the Buyer’s Family of Investment Companies,
      owned at least $100,000,000 in securities (other than the excluded securities
      referred to below) as of the end of the Buyer’s most recent fiscal year. For
      purposes of determining the amount of securities owned by the Buyer or the
      Buyer’s Family of Investment Companies, the cost of such securities was used,
      except (i) where the Buyer or the Buyer’s Family of Investment Companies reports
      its securities holdings in its financial statements on the basis of their market
      value, and (ii) no current information with respect to the cost of those
      securities has been published. If clause (ii) in the preceding sentence applies,
      the securities may be valued at market.

     

    ___    
      The Buyer owned $            
      in
      securities (other than the excluded securities referred to below) as of the
      end
      of the Buyer’s most recent fiscal year (such amount being calculated in
      accordance with Rule 144A).

     

    ___    
      The Buyer is part of a Family of Investment Companies which owned in the
      aggregate $        
      in
      securities (other than the excluded securities referred to below) as of the
      end
      of the Buyer’s most recent fiscal year (such amount being calculated in
      accordance with Rule 144A).

     

    3. The
      term
“Family
      of Investment Companies”
as
      used
      herein means two or more registered investment companies (or series thereof)
      that have the same investment adviser or investment advisers that are affiliated
      (by virtue of being majority owned subsidiaries of the same parent or because
      one investment adviser is a majority owned subsidiary of the
      other).

     

    4. The
      term
“securities”
as
      used
      herein does not include (i) securities of issuers that are affiliated with
      the
      Buyer or are part of the Buyer’s Family of Investment Companies, (ii) securities
      issued or guaranteed by the U.S. or any instrumentality thereof, (iii) bank
      deposit notes and certificates of deposit, (iv) loan participations, (v)
      repurchase agreements, (vi) securities owned but subject to a repurchase
      agreement and (vii) currency, interest rate and commodity swaps.

    
      
        
        

      

      
        J-2-6

        
          

        

      

      
        
        

      

    

     

    5. The
      Buyer
      is familiar with Rule 144A and understands that the parties listed in the Rule
      144A Transferee Certificate to which this certification relates are relying
      and
      will continue to rely on the statements made herein because one or more sales
      to
      the Buyer will be in reliance on Rule 144A. In addition, the Buyer will only
      purchase for the Buyer’s own account.

     

    6. Until
      the
      date of purchase of the Certificates, the undersigned will notify the parties
      listed in the Rule 144A Transferee Certificate to which this certification
      relates of any changes in the information and conclusions herein. Until such
      notice is given, the Buyer’s purchase of the Certificates will constitute a
      reaffirmation of this certification by the undersigned as of the date of such
      purchase.

     

    _________________________________________

    Print
      Name of Buyer or Adviser

     

    By:_______________________________________

    Name:

    Title:

     

    IF
      AN
      ADVISER:

     

    __________________________________________

    Print
      Name of Buyer

     

    Date:______________________________________

    

    

    

    
      
        
          
          

        

        
          J-2-7

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      K

     

    FORM
      OF TRANSFEROR CERTIFICATE

     

    [date]

     

    Greenwich
      Capital Acceptance, Inc.

    600
      Steamboat Road

    Greenwich,
      Connecticut 06380

    Attention:
      Corporate Trust, HarborView Mortgage Loan Trust 2006-10

    

    Wells
      Fargo Bank, N.A.

    Sixth
      Street and Marquette Avenue

    Minneapolis,
      Minnesota 55479

    

     

    
      	 	
              Re:

            	
              HarborView
                Mortgage Loan Trust Mortgage Loan Pass-Through 

              Certificates,
                Series 2006-10, Class R                    

            

    

     

     

    Ladies
      and Gentlemen:

     

    In
      connection with our proposed transfer of an Ownership Interest in the Class
      R
      Certificate, we hereby certify that (a) we have no knowledge that the proposed
      Transferee is not a Permitted Transferee acquiring an Ownership Interest in
      such
      Class R Certificate for its own account and not in a capacity as trustee,
      nominee, or agent for another Person, and (b) we have not undertaken the
      proposed transfer in whole or in part to impede the assessment or collection
      of
      tax.

     

    Very
      truly yours,

     

    [_____________________]

     

    By:
      ______________________________

     

    

    

    
      
        
          
          

        

        
          K-1

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      L

     

    TRANSFER
      AFFIDAVIT FOR RESIDUAL CERTIFICATE

    PURSUANT
      TO SECTION 6.02(e)

     

    HARBORVIEW
      MORTGAGE LOAN TRUST 

    MORTGAGE
      LOAN PASS-THROUGH CERTIFICATES, SERIES 2006-10, 

    CLASS
      R

    

    
      	
              STATE
                OF 

            	
              )

            	 
	 	
              )

            	
              ss:

            
	
              COUNTY
                OF

            	
              )

            	 

    

    

    The
      undersigned, being first duly sworn, deposes and says as follows:

     

    
      	
              1.

            	
              The
                undersigned is an officer of ______________________, the proposed
                Transferee of a 100% Ownership Interest in the Class R Certificate
                (the
                “Certificate”) issued pursuant to the Pooling and Servicing Agreement,
                (the “Agreement”) dated as of October 1, 2006, relating to the
                above-referenced Certificates, among Greenwich Capital Acceptance,
                Inc.,
                as Depositor, Greenwich Capital Financial Products, Inc., as Seller,
                Clayton Fixed Income Services Inc., as Credit Risk Manager, and Wells
                Fargo Bank, N.A., as Trustee. Capitalized terms used, but not defined
                herein, shall have the meanings ascribed to such terms in the Agreement.
                The Transferee has authorized the undersigned to make this affidavit
                on
                behalf of the Transferee.

            

    

     

    
      	
              2.

            	
              The
                Transferee is, as of the date hereof, and will be, as of the date
                of the
                Transfer, a Permitted Transferee. The Transferee is acquiring its
                Ownership Interest for its own account and not in a capacity as trustee,
                nominee or agent for another party.

            

    

     

    
      	
              3.

            	
              The
                Transferee has been advised of, and understands that (i) a tax will
                be
                imposed on Transfers of the Certificate to Persons that are not Permitted
                Transferees; (ii) such tax will be imposed on the transferor, or,
                if such
                Transfer is through an agent (which includes a broker, nominee or
                middleman) for a Person that is not a Permitted Transferee, on the
                agent;
                and (iii) the Person otherwise liable for the tax shall be relieved
                of
                liability for the tax if the subsequent Transferee furnished to such
                Person an affidavit that such subsequent Transferee is a Permitted
                Transferee and, at the time of Transfer, such Person does not have
                actual
                knowledge that the affidavit is false. The Transferee has provided
                financial statements or other financial information requested by
                the
                Transferor in connection with the transfer of the Certificate to
                permit
                the Transferor to assess the financial capability of the Transferee
                to pay
                such taxes.

            

    

     

    
      	
              4.

            	
              The
                Transferee has been advised of, and understands that a tax may be
                imposed
                on a “pass-through entity” holding the Certificate 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. The Transferee
                understands that such tax will not be imposed for any period with
                respect
                to which the record holder furnishes to the pass-through entity an
                affidavit that such record holder is not a Disqualified Organization
                and
                the pass-through entity does not have actual knowledge that such
                affidavit
                is false. (For this purpose, a “pass-through entity” includes a regulated
                investment company, a real estate investment trust or common trust
                fund, a
                partnership, trust or estate, and certain cooperatives and, except
                as may
                be provided in Treasury Regulations, persons holding interests in
                pass-through entities as a nominee for another
                Person.)

            

    

     

    
      
        
        

      

      
        L-1

        
          

        

      

      
        
        

      

    

     

    
      	
              5.

            	
              The
                Transferee has reviewed the provisions of Section 6.02(e) of the
                Agreement
                and understands the legal consequences of the acquisition of an Ownership
                Interest in the Certificate including, without limitation, the
                restrictions on subsequent Transfers and the provisions regarding
                voiding
                the Transfer and mandatory sales. The Transferee expressly agrees
                to be
                bound by and to abide by the provisions of Section 6.02(e) of the
                Agreement and the restrictions noted on the face of the Certificate.
                The
                Transferee understands and agrees that any breach of any of the
                representations included herein shall render the Transfer to the
                Transferee contemplated hereby null and
                void.

            

    

     

    
      	
              6.

            	
              The
                Transferee agrees to require a Transfer Affidavit from any Person
                to whom
                the Transferee attempts to Transfer its Ownership Interest in the
                Certificate, and the Transferee will not Transfer its Ownership Interest
                or cause any Ownership Interest to be Transferred to any Person that
                the
                Transferee knows is not a Permitted Transferee. In connection with
                any
                such Transfer by the Transferee, the Transferee agrees to deliver
                to the
                Trustee a certificate substantially in the form set forth as Exhibit
                K to
                the Agreement (a “Transferor
                Certificate”).

            

    

     

    
      	
              7.

            	
              The
                Transferee does not have the intention to impede the assessment or
                collection of any tax legally required to be paid with respect to
                the
                Certificate.

            

    

     

    8.    The
      Transferee’s taxpayer identification number is             .

     

    
      	
              9.

            	
              The
                Transferee is aware that the Certificate may be a “noneconomic residual
                interest” within the meaning of the REMIC provisions 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.

            

    

     

    

    
      
        
          
          

        

        
          L-2

          
            

          

        

        
          
          

        

      

    

    

    IN
      WITNESS WHEREOF, the Transferee has caused this instrument to be executed on
      its
      behalf, pursuant to authority of its Board of Directors, by its duly authorized
      officer and its corporate seal to be hereunto affixed, duly attested, this
          
      day
      of
                  ,
      20  .

     

    [NAME
      OF
      TRANSFEREE]

     

    By:___________________________________

    Name:

    Title:

     

    [Corporate
      Seal]

     

    ATTEST:

     

                                                             
      

    [Assistant]
      Secretary

     

    Personally
      appeared before me the above-named             
       ,
      known
      or proved to me to be the same person who executed the foregoing instrument
      and
      to be the                     
      of the
      Transferee, and acknowledged that he executed the same as his free act and
      deed
      and the free act and deed of the Transferee.

     

    Subscribed
      and sworn before me this     
      day
      of
        
      ,
      20  .

     

    

         
                                                                       

    NOTARY
      PUBLIC

     

    
      	 	 	 	 	 	 	 	
              My
                Commission expires the     
                day of                 ,
                20  .

            

    

     

    

    
      
        
          
          

        

        
          L-3

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      M-1

     

    FORM
      OF BACK-UP SARBANES-OXLEY CERTIFICATION

     

    [                         ]

    [                         ]

    [                         ]

    

     

    [_______],
      the [_______] of [_______] (the “Company”) hereby certifies to the Depositor and
      the Trustee, and each of their officers, directors and affiliates
      that:

     

    (1) I
      have
      reviewed [the servicer compliance statement of the Company provided in
      accordance with Item 1123 of Regulation AB (the “Compliance Statement”),] the
      report on assessment of the Company’s compliance with the Servicing Criteria set
      forth in Item 1122(d) of Regulation AB (the “Servicing Criteria”), provided in
      accordance with Rules 13a-18 and 15d-18 under the Securities Exchange Act of
      1934, as amended (the “Exchange Act”) and Item 1122 of Regulation AB (the
“Servicing Assessment”), the registered public accounting firm’s attestation
      report provided in accordance with Rules 13a-18 and 15d-18 under the Exchange
      Act and Section 1122(b) of Regulation AB (the “Attestation Report”), and all
      servicing reports, officer’s certificates and other information relating to the
      servicing of the Mortgage Loans by the Company during 200[ ] that were delivered
      by the Company to any of the Depositor and the Trustee pursuant to the Agreement
      (collectively, the “Company Servicing Information”);

     

    (2) Based
      on
      my knowledge, the Company Servicing Information, taken as a whole, does not
      contain any untrue statement of a material fact or omit to state a material
      fact
      necessary to make the statements made, in the light of the circumstances under
      which such statements were made, not misleading with respect to the period
      of
      time covered by the Company Servicing Information;

     

    (3) Based
      on
      my knowledge, all of the Company Servicing Information required to be provided
      by the Company under the Agreement has been provided to the Depositor and the
      Trustee;

     

    (4) I
      am
      responsible for reviewing the activities performed by [_______] as [_______]
      under the [_______] (the “Agreement”), and based on my knowledge [and the
      compliance review conducted in preparing the Compliance Statement] and except
      as
      disclosed in [the Compliance Statement,] the Servicing Assessment or the
      Attestation Report, the Company has fulfilled its obligations under the
      Agreement in all material respects; and

     

    (5) [The
      Compliance Statement required to be delivered by the Company pursuant to the
      Agreement, and] [The] [the] Servicing Assessment and Attestation Report required
      to be provided by the Company and [by any Subservicer or Subcontractor] pursuant
      to the Agreement, have been provided to the Depositor and the Trustee. Any
      material instances of noncompliance described in such reports have been
      disclosed to the Depositor and the Trustee. Any material instance of
      noncompliance with the Servicing Criteria has been disclosed in such
      reports.

    
      
        
        

      

      
        M-1-1

        
          

        

      

      
        
        

      

    

     

    Capitalized
      terms used but not defined herein have the meanings ascribed to them in the
      Pooling and Servicing Agreement dated as of October 1, 2006 (the “Pooling and
      Servicing Agreement”) among Greenwich Capital Acceptance, Inc., as Depositor,
      Greenwich Capital Financial Products, Inc., as Seller, Clayton Fixed Income
      Services Inc., as Credit Risk Manager, and Wells Fargo Bank, N.A., as Trustee.
      Capitalized terms used but not defined herein shall have the meanings given
      to
      them in the Pooling and Servicing Agreement.

    

     

    [_______]

    as
      [_______]

    By:  

    Name:

    Title:

    Date:

    

     

    

    
      
        
          
          

        

        
          M-1-2

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      M-2

     

    FORM
      OF BACK-UP SARBANES-OXLEY CERTIFICATION TO BE PROVIDED BY THE
      TRUSTEE

     

    Greenwich
      Capital Acceptance, Inc.

    600
      Steamboat Road

    Greenwich,
      Connecticut 06380

    Attention:
      Corporate Trust, HarborView Mortgage Loan Trust 2006-10

    

    
      	 	
              Re:

            	
              HarborView
                Mortgage Loan Trust Mortgage Loan Pass-Through 

              Certificates,
                Series 2006-10, issued pursuant to the Pooling and 

              Servicing
                Agreement dated as of October 1, 2006, among Greenwich 

              Capital
                Acceptance, Inc., as Depositor, Greenwich Capital Financial 

              Products,
                Inc., as Seller, Clayton Fixed Income Services Inc., as Credit
                

              Risk
                Manager, and Wells Fargo Bank, N.A., as Trustee                

            

    

     

    The
      Trustee hereby certifies to the Depositor and its officers, directors and
      affiliates, and with the knowledge and intent that they will rely upon this
      certification, that:

     

    (1) I
      have
      reviewed the annual report on Form 10-K for the fiscal year [____] (the “Annual
      Report”), and all reports on Form 10-D required to be filed in respect of period
      covered by the Annual Report (collectively with the Annual Report, the
“Reports”), of the Trust;

     

    (2) To
      my
      knowledge, (a)
      the
      Reports, taken as a whole, do not contain any untrue statement of a material
      fact or omit to state a material fact necessary to make the statements made,
      in
      light of the circumstances under which such statements were made, not misleading
      with respect to the period covered by the Annual Report,
      and (b)
      the Trustee’s assessment of compliance and related attestation report referred
      to below, taken as a whole, do not contain any untrue statement of a material
      fact or omit to state a material fact necessary to make the statements made,
      in
      light of the circumstances under which such statements were made, not misleading
      with respect to the period covered by such assessment of compliance and
      attestation report;

     

    (3) To
      my
      knowledge, the distribution information required to be provided by the Trustee
      under the Trust Agreement for inclusion in the Reports is included in the
      Reports;

     

    (4) I
      am
      responsible for reviewing the activities performed by the Trustee under the
      Trust Agreement, and based on my knowledge and the compliance review conducted
      in preparing the assessment of compliance of the Trustee required by the Trust
      Agreement, and except as disclosed in the Reports, the Trustee has fulfilled
      its
      obligations under the Trust Agreement in all material respects; and

     

    (5) The
      report on assessment of compliance with servicing criteria applicable to the
      Trustee for asset-backed securities of the Trustee and each Subcontractor
      utilized by the Trustee and related attestation report on assessment of
      compliance with servicing criteria applicable to it required to be included
      in
      the Annual Report in accordance with Item 1122 of Regulation AB and Exchange
      Act
      Rules 13a-18 and 15d-18 has been included as an exhibit to the Annual Report.
      Any material instances of non-compliance are described in such report and have
      been disclosed in the Annual Report.

    
      
        
        

      

      
        M-2-1

        
          

        

      

      
        
        

      

    

     

    In
      giving
      the certifications above, the Trustee has reasonably relied on information
      provided to it by the following unaffiliated parties: [names of servicer(s),
      subservicer(s), depositor, credit risk manager, custodian(s)]

     

    

    Date:________________________________________

    

    Wells
      Fargo Bank, N.A., as Trustee

    

    

    _______________________________________

    [Signature]

    [Title]

     

    

     

    

     

    

    
      
        
          
          

        

        
          M-2-2

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      N

     

    LIST
      OF SERVICERS AND SERVICING AGREEMENTS

     

    
      	 	
              1.

            	
              The
                reconstituted servicing agreement dated as of October 1, 2006 among
                the
                Greenwich Capital Financial Products, Inc. (“GCFP”), Greenwich Capital
                Acceptance, Inc. and GMAC Mortgage, LLC (as successor in interest
                to GMAC
                Mortgage Corporation) and acknowledged by Wells Fargo Bank, N.A.,
                as
                trustee, reconstituting the Amended and Restated Master Interim Servicing
                Agreement dated as of January 1, 2006, between GCFP, as owner, and
                GMAC
                Mortgage Corporation, as servicer.

            

    

     

    

    
      
        
          
          

        

        
          N-1

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      O

     

    TRANSACTION
      PARTIES

     

    
      	
              Certificate
                Insurer

            	
              Financial
                Security Assurance Inc.

            

    

     

    
      	
              Custodian

            	
              Deutsche
                Bank National Trust Company

            

    

    

      
        	
                Depositor

              	
                Greenwich
                  Capital Acceptance, Inc.

              

      

       

    

    
      	
              Originators

            	
              BankUnited,
                FSB, Sierra Pacific Mortgage Co., Inc., Residential Mortgage Capital,
                Loan
                Link Financial Services, ComUnity Lending, Inc., Paul Financial,
                LLC, Loan
                Center of California, Inc., Just Mortgage, Inc., NL Inc. dba Residential
                Pacific Mortgage, First Federal Bank of California, NetBank, Metrocities
                Mortgage LLC, Plaza Home Mortgage, Inc., Gateway Funding Diversified
                Mortgage Services, LP, MortageIT, Inc., Pinnacle Financial Corporation
                and
                New Century Mortgage Corporation.

            

    

     

    
      	
              Credit
                Risk Manager

            	
              Clayton
                Fixed Income Services Inc.

            

    

     

    
      	
              Servicer

            	
              GMAC
                Mortgage, LLC

            

    

     

    
      	
              Sponsor
                and Seller

            	
              Greenwich
                Capital Financial Products, Inc.

            

    

     

    
      	
              Trustee

            	
              Wells
                Fargo Bank, N.A.

            

    

     

    
      	
              Yield
                Maintenance Provider

            	
              The
                Bank of New York

            

    

    
 

    

    
      
        
          
          

        

        
          O-1

          
            

          

        

        
          
          

        

      

    

     

    EXHIBIT
      P

     

    FORM
      OF TRUSTEE CERTIFICATE

    

    
      	 	
              Re:
                

            	
              HarborView
                Mortgage Loan Trust (the “Trust”)

            

    

    Mortgage
      Loan Pass-Through Certificates, Series 2006-10

    

    I,
      [identify the certifying individual], a [title] of Wells Fargo Bank, N.A.,
      as
      Trustee of the Trust, hereby certify to Greenwich Capital Acceptance, Inc.
      (the
“Depositor”), and its officers, directors and affiliates, and with the knowledge
      and intent that they will rely upon this certification, that:

     

    1. I
      have
      reviewed the annual report on Form 10-K for the fiscal year [___], and all
      reports on Form 10-D required to be filed in respect of the period covered
      by
      such Form 10-K of the Depositor relating to the above-referenced trust (the
      “Exchange Act periodic reports”);

     

    2. Based
      on my knowledge, the information prepared by the Trustee, contained, in these
      distribution reports taken as a whole, do not contain any untrue statement
      of a
      material fact or omit to state a material fact necessary to make the statements
      made, in light of the circumstances under which such statements were made,
      not
      misleading with respect to the period covered by this report; and

     

    3. Based
      on
      my knowledge, the distribution information required to be provided by the
      Trustee under the Pooling and Servicing Agreement is included in these
      reports.

     

    Capitalized
      terms used but not defined herein have the meanings ascribed to them in the
      Pooling and Servicing Agreement, dated October 1, 2006 (the “Pooling and
      Servicing Agreement”) among the Depositor, Greenwich Capital Financial Products,
      Inc., as the seller, Clayton Fixed Income Services Inc., as credit risk manager,
      and the Wells Fargo Bank, N.A., as trustee.

     

    Wells
      Fargo Bank, N.A.,

    as
      Trustee 

    

    By:___________________________

    [Name]
      

    [Title]

    [Date]

    

      
        
          
          

        

        
          P-1

          
            

          

        

        
          
          

        

      

    

    EXHIBIT
      Q

    

    SERVICING
      CRITERIA TO BE ADDRESSED IN REPORT ON ASSESSMENT OF
      COMPLIANCE

    

    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. Capitalized terms used herein but not defined herein shall have
      the
      meanings assigned to them in the Pooling and Servicing Agreement dated as of
      October 1, 2006 (the “Pooling and Servicing Agreement”), among the Depositor,
      Greenwich Capital Financial Products, Inc., as the seller, Clayton Fixed Income
      Services Inc., as credit risk manager, and the Wells Fargo Bank, N.A., as
      trustee.

     

    
      	
              Reg
                AB 

              Reference

            	
              Servicing
                Criteria

            	
              Paying
                Agent

              (including
                the 

              Trustee
                if acting 

              as
                Paying Agent)

            	
              Credit
                Risk 

              Manager

            	
              Trustee

            
	 	
              General Servicing
                 Considerations

            	 	 	 
	
              1122(d)(1)(i)

            	
              Policies
                and procedures are instituted to monitor any performance or other
                triggers
                and events of default in accordance with the transaction
                agreements.

            	 	 	
              X

            
	
              1122(d)(1)(ii)

            	
              If
                any material servicing activities are outsourced to third parties,
                policies and procedures are instituted to monitor the third party’s
                performance and compliance with such servicing activities.

            	 	 	 
	
              1122(d)(1)(iii)

            	
              Any
                requirements in the transaction agreements to maintain a back-up
                servicer
                for the pool assets are maintained. 

            	
               

            	 	 
	
              1122(d)(1)(iv)

            	
              A
                fidelity bond and errors and omissions policy is in effect on the
                party
                participating in the servicing function throughout the reporting
                period in
                the amount of coverage required by and otherwise in accordance with
                the
                terms of the transaction agreements. 

            	 	 	 
	 	
              Cash Collection and Administration

            	 	 	 
	
              1122(d)(2)(i)

            	
              Payments
                on pool assets are deposited into the appropriate custodial bank
                accounts
                and related bank clearing accounts no more than two business days
                following receipt, or such other number of days specified in the
                transaction agreements. 

            	
              X

            	 	
              X

            
	
              1122(d)(2)(ii)

            	
              Disbursements
                made via wire transfer on behalf of an obligor or to an investor
                are made
                only by authorized personnel. 

            	
              X

            	 	
              X

            

    

     

    
      
        
        

      

      
        Q-1

        
          

        

      

      
        
        

      

    

     

    
      	
              Reg
                AB 

              Reference

            	
              Servicing
                Criteria

            	
              Paying
                Agent

              (including
                the 

              Trustee
                if acting 

              as
                Paying Agent)

            	
              Credit
                Risk 

              Manager

            	
              Trustee

            
	
              1122(d)(2)(iii)

            	
              Advances
                of funds or guarantees regarding collections, cash flows or distributions,
                and any interest or other fees charged for such advances, are made,
                reviewed and approved as specified in the transaction agreements.
                

            	 	 	
              X

            
	
              1122(d)(2)(iv)

            	
              The
                related accounts for the transaction, such as cash reserve accounts
                or
                accounts established as a form of over collateralization, are separately
                maintained (e.g., with respect to commingling of cash) as set forth
                in the
                transaction agreements. 

            	
              X

            	 	
              X

            
	
              1122(d)(2)(v)

            	
              Each
                custodial account is maintained at a federally insured depository
                institution as set forth in the transaction agreements. For purposes
                of
                this criterion, “federally insured depository institution” with respect to
                a foreign financial institution means a foreign financial institution
                that
                meets the requirements of Rule 13k-1(b)(1) of the Securities Exchange
                Act.
                

            	 	 	
              X

            
	
              1122(d)(2)(vi)

            	
              Unissued
                checks are safeguarded so as to prevent unauthorized access.
                

            	
              X

            	 	
              X

            
	
              1122(d)(2)(vii)
                

            	
              Reconciliations
                are prepared on a monthly basis for all asset-backed securities related
                bank accounts, including custodial accounts and related bank clearing
                accounts. These reconciliations are (A) mathematically accurate;
                (B)
                prepared within 30 calendar days after the bank statement cutoff
                date, or
                such other number of days specified in the transaction agreements;
                (C)
                reviewed and approved by someone other than the person who prepared
                the
                reconciliation; and (D) contain explanations for reconciling items.
                These
                reconciling items are resolved within 90 calendar days of their original
                identification, or such other number of days specified in the transaction
                agreements. 

            	
              X

            	 	
              X

            
	 	
              Investor
                Remittances and Reporting

            	 	 	 
	
              1122(d)(3)(i)

            	
              Reports
                to investors, including those to be filed with the Commission, are
                maintained in accordance with the transaction agreements and applicable
                Commission requirements. Specifically, such reports (A) are prepared
                in
                accordance with timeframes and other terms set forth in the transaction
                agreements; (B) provide information calculated in accordance with
                the
                terms specified in the transaction agreements; (C) are filed with
                the
                Commission as required by its rules and regulations; and (D) agree
                with
                investors’ or the trustee’s records as to the total unpaid principal
                balance and number of pool assets serviced by the Servicer.
                

            	 	
              X

            	
              X

            

    

     

    
      
        
        

      

      
        Q-2

        
          

        

      

      
        
        

      

    

     

    
      	
              Reg
                AB 

              Reference

            	
              Servicing
                Criteria

            	
              Paying
                Agent

              (including
                the 

              Trustee
                if acting 

              as
                Paying Agent)

            	
              Credit
                Risk 

              Manager

            	
              Trustee

            
	
              1122(d)(3)(ii)

            	
              Amounts
                due to investors are allocated and remitted in accordance with timeframes,
                distribution priority and other terms set forth in the transaction
                agreements. 

            	 	 	
              X

            
	
              1122(d)(3)(iii)

            	
              Disbursements
                made to an investor are posted within two business days to the Servicer’s
                investor records, or such other number of days specified in the
                transaction agreements. 

            	
              X

            	 	
               X

            
	
              1122(d)(3)(iv)

            	
              Amounts
                remitted to investors per the investor reports agree with cancelled
                checks, or other form of payment, or custodial bank statements.
                

            	
              X

            	 	
              X

            
	 	
              Pool
                Asset Administration

            	 	 	 
	
              1122(d)(4)(i)
                

            	
              Collateral
                or security on pool assets is maintained as required by the transaction
                agreements or related pool asset documents. 

            	
               

            	 	 
	
              1122(d)(4)(ii)

            	
              Pool
                assets and related documents are safeguarded as required by the
                transaction agreements 

            	
               

            	 	 
	
              1122(d)(4)(iii)

            	
              Any
                additions, removals or substitutions to the asset pool are made,
                reviewed
                and approved in accordance with any conditions or requirements in
                the
                transaction agreements. 

            	
               

            	 	 
	
              1122(d)(4)(iv)

            	
              Payments
                on pool assets, including any payoffs, made in accordance with the
                related
                pool asset documents are posted to the Servicer’s obligor records
                maintained no more than two business days after receipt, or such
                other
                number of days specified in the transaction agreements, and allocated
                to
                principal, interest or other items (e.g., escrow) in accordance with
                the
                related pool asset documents. 

            	 	 	 
	
              1122(d)(4)(v)

            	
              The
                Servicer’s records regarding the pool assets agree with the Servicer’s
                records with respect to an obligor’s unpaid principal balance.
                

            	 	 	 

    

     

    
      
        
        

      

      
        Q-3

        
          

        

      

      
        
        

      

    

     

    
      	
              Reg
                AB 

              Reference

            	
              Servicing
                Criteria

            	
              Paying
                Agent

              (including
                the 

              Trustee
                if acting 

              as
                Paying Agent)

            	
              Credit
                Risk 

              Manager

            	
              Trustee

            
	
              1122(d)(4)(vi)

            	
              Changes
                with respect to the terms or status of an obligor's pool assets (e.g.,
                loan modifications or re-agings) are made, reviewed and approved
                by
                authorized personnel in accordance with the transaction agreements
                and
                related pool asset documents. 

            	 	 	 
	
              1122(d)(4)(vii)

            	
              Loss
                mitigation or recovery actions (e.g., forbearance plans, modifications
                and
                deeds in lieu of foreclosure, foreclosures and repossessions, as
                applicable) are initiated, conducted and concluded in accordance
                with the
                timeframes or other requirements established by the transaction
                agreements. 

            	 	 	 
	
              1122(d)(4)(viii)

            	
              Records
                documenting collection efforts are maintained during the period a
                pool
                asset is delinquent in accordance with the transaction agreements.
                Such
                records are maintained on at least a monthly basis, or such other
                period
                specified in the transaction agreements, and describe the entity’s
                activities in monitoring delinquent pool assets including, for example,
                phone calls, letters and payment rescheduling plans in cases where
                delinquency is deemed temporary (e.g., illness or unemployment).
                

            	 	 	 
	
              1122(d)(4)(ix)

            	
              Adjustments
                to interest rates or rates of return for pool assets with variable
                rates
                are computed based on the related pool asset documents. 

            	 	 	 
	
              1122(d)(4)(x)

            	
              Regarding
                any funds held in trust for an obligor (such as escrow accounts):
                (A) such
                funds are analyzed, in accordance with the obligor’s pool asset documents,
                on at least an annual basis, or such other period specified in the
                transaction agreements; (B) interest on such funds is paid, or credited,
                to obligors in accordance with applicable pool asset documents and
                state
                laws; and (C) such funds are returned to the obligor within 30 calendar
                days of full repayment of the related pool assets, or such other
                number of
                days specified in the transaction agreements. 

            	 	 	 

    

     

    
      
        
        

      

      
        Q-4

        
          

        

      

      
        
        

      

    

     

    
      	
              Reg
                AB 

              Reference

            	
              Servicing
                Criteria

            	
              Paying
                Agent

              (including
                the 

              Trustee
                if acting 

              as
                Paying Agent)

            	
              Credit
                Risk 

              Manager

            	
              Trustee

            
	
              1122(d)(4)(xi)

            	
              Payments
                made on behalf of an obligor (such as tax or insurance payments)
                are made
                on or before the related penalty or expiration dates, as indicated
                on the
                appropriate bills or notices for such payments, provided that such
                support
                has been received by the servicer at least 30 calendar days prior
                to these
                dates, or such other number of days specified in the transaction
                agreements. 

            	 	 	 
	
              1122(d)(4)(xii)

            	
              Any
                late payment penalties in connection with any payment to be made
                on behalf
                of an obligor are paid from the Servicer’s funds and not charged to the
                obligor, unless the late payment was due to the obligor’s error or
                omission. 

            	 	 	 
	
              1122(d)(4)(xiii)

            	
              Disbursements
                made on behalf of an obligor are posted within two business days
                to the
                obligor’s records maintained by the servicer, or such other number of days
                specified in the transaction agreements. 

            	 	 	 
	
              1122(d)(4)(xiv)
                

            	
              Delinquencies,
                charge-offs and uncollectible accounts 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. 

            	 	 	
              X

            

    

    

     

    

     

    

    
      
        
          
          

        

        
          Q-5

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      R

     

    FORM
      10-D,
      FORM 8-K AND FORM 10-K REPORTING RESPONSIBILITY

     

    As
      to
      each item described below, the entity indicated as the Responsible Party shall
      be primarily responsible for reporting the information to the Trustee pursuant
      to Section 3.07. If the Trustee is indicated below as to any item, then the
      Trustee is primarily responsible for obtaining that information.

     

    Under
      Item 1 of Form 10-D: a) items marked “5.04 statement” are required to be
      included in the periodic Distribution Date statement under Section 5.04,
      provided by the Trustee, based upon information provided by the responsible
      party; and b) items marked “Form 10-D report” are required to be in the Form
      10-D report but not the 5.04 statement, provided by the party indicated.
      Information under all other Items of Form 10-D is to be included in the Form
      10-D report.

     

    
      	
              ADDITIONAL
                FORM 10-D DISCLOSURE

            
	
              Item
                on Form 10-D

            	
              Party
                Responsible 

            
	
              Item
                1: Distribution and Pool Performance Information

               

            	 
	
              Information
                included in the Distribution Date Statement

            	
              Servicer(1)

              Master
                Servicer

               

            
	
              Any
                information required by 1121 which is NOT included on the Distribution
                Date Statement

            	
              Depositor

            
	
              Item
                2: Legal Proceedings

               

              Any
                legal proceeding pending against the following entities or their
                respective property, that is material to Certificateholders, including
                any
                proceedings known to be contemplated by governmental
                authorities:

            	 
	
              ▪
                Issuing Entity (Trust Fund)

            	
              Trustee,
                Master Servicer and Depositor

            
	
              ▪
                Sponsor (Seller)

            	
              Seller
                (if a party to the Trust Agreement) or Depositor

            
	
              ▪
                Depositor

            	
              Depositor

            
	
              ▪
                Trustee

            	
              Trustee

            
	
              ▪
                Master Servicer

            	
              Master
                Servicer

            
	
              ▪
                Custodian

            	
              Custodian(2)

            
	
              ▪
                1110(b) Originator

            	
              Depositor

            
	
              ▪
                Any 1108(a)(2) Servicer (other than the Master Servicer)

            	
              Servicer(1)

            
	
              ▪
                Any other party contemplated by 1100(d)(1)

            	
              Depositor

            

    

     

    
      
        
        

      

      
        R-1

        
          

        

      

      
        
        

      

    

     

    
      	
              ADDITIONAL
                FORM 10-D DISCLOSURE

            
	
              Item
                on Form 10-D

            	
              Party
                Responsible 

            
	
              Item
                3: Sale of Securities and Use of Proceeds

              Information
                from Item 2(a) of Part II of Form 10-Q:

               

              With
                respect to any sale of securities by the sponsor, depositor or issuing
                entity, that are backed by the same asset pool or are otherwise issued
                by
                the issuing entity, whether or not registered, provide the sales
                and use
                of proceeds information in Item 701 of Regulation S-K. Pricing information
                can be omitted if securities were not registered.

            	
              Depositor

            
	
              Item
                4: Defaults Upon Senior Securities

               

              Information
                from Item 3 of Part II of Form 10-Q:

               

              Report
                the occurrence of any Event of Default (after expiration of any grace
                period and provision of any required notice)

            	
              Trustee

            
	
              Item
                5: Submission of Matters to a Vote of Security
                Holders

               

              Information
                from Item 4 of Part II of Form 10-Q

            	
              Trustee

            
	
              Item
                6: Significant Obligors of Pool Assets

               

              Item
                1112(b) - Significant
                Obligor Financial Information*

            	
              Depositor

            
	
              *This
                information need only be reported on the Form 10-D for the distribution
                period in which updated information is required pursuant to the
                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 any required
                accountants’ consent to the use thereof) or effecting incorporation by
                reference

            	
              Depositor

            
	
              Item
                1115(b) - Derivative Counterparty Financial
                Information*

            	 
	
              ▪
                Determining current maximum probable exposure

            	
              Depositor

            

    

     

    
      
        
        

      

      
        R-2

        
          

        

      

      
        
        

      

    

     

    
      	
              ADDITIONAL
                FORM 10-D DISCLOSURE

            
	
              Item
                on Form 10-D

            	
              Party
                Responsible 

            
	
              ▪
                Determining current significance percentage

            	
              Depositor

            
	
              ▪
                Requesting required financial information (including any required
                accountants’ consent to the use thereof) or effecting incorporation by
                reference

            	
              Depositor

            
	
              *This
                information need only be reported on the Form 10-D for the distribution
                period in which updated information is required pursuant to the
                Items.

            	 
	
              Item
                8: Other Information

               

              Disclose
                any information required to be reported on Form 8-K during the period
                covered by the Form 10-D but not reported

            	
              Any
                party responsible for the applicable Form 8-K Disclosure
                item

            
	
              Item
                9: Exhibits

            	 
	
              Monthly
                Statement to Certificateholders

            	
              Trustee

            
	
              Exhibits
                required by Item 601 of Regulation S-K, such as material
                agreements

            	
              Depositor

            

    

     

    
      	
              (1)

            	
              This
                information to be provided pursuant to the Servicing
                Agreement.

            

    

    
      	
              (2)

            	
              This
                information to be provided pursuant to the Custodial
                Agreement.

            

    

     

    
      	
              ADDITIONAL
                FORM 10-K DISCLOSURE

            
	
              Item
                on Form 10-K

            	
              Party
                Responsible 

            
	
              Item
                1B: Unresolved Staff Comments

               

            	
              Depositor

            
	
              Item
                9B: Other Information

              Disclose
                any information required to be reported on Form 8-K during the fourth
                quarter covered by the Form 10-K but not reported

            	
              Any
                party responsible for disclosure items on Form 8-K

            
	
              Item
                15: Exhibits, Financial Statement Schedules

            	
               

              Depositor

            
	
              Reg
                AB Item 1112(b): Significant Obligors of Pool
                Assets

            	 
	
              Significant
                Obligor Financial Information*

            	
              Depositor

            
	
              *This
                information need only be reported on the Form 10-D for the distribution
                period in which updated information is required pursuant to the
                Item.

            	 
	
              Reg
                AB Item 1114(b)(2): Credit Enhancement Provider Financial
                Information

            	 
	
              ▪
                Determining applicable disclosure threshold

            	
              Depositor

            

    

     

    
      
        
        

      

      
        R-3

        
          

        

      

      
        
        

      

    

     

    
      	
              ADDITIONAL
                FORM 10-K DISCLOSURE

            
	
              Item
                on Form 10-K

            	
              Party
                Responsible 

            
	
              ▪
                Requesting required financial information (including any required
                accountants’ consent to the use thereof) or effecting incorporation by
                reference

            	
              Depositor

            
	
              *This
                information need only be reported on the Form 10-D for the distribution
                period in which updated information is required pursuant to the
                Items.

            	 
	
              Reg
                AB Item 1115(b): Derivative Counterparty Financial
                Information

            	 
	
              ▪
                Determining current maximum probable exposure

            	
              Depositor

            
	
              ▪
                Determining current significance percentage

            	
              Depositor

            
	
              ▪
                Requesting required financial information (including any required
                accountants’ consent to the use thereof) or effecting incorporation by
                reference

            	
              Depositor

            
	
              *This
                information need only be reported on the Form 10-D for the distribution
                period in which updated information is required pursuant to the
                Items.

            	 
	
              Reg
                AB Item 1117: Legal Proceedings

               

              Any
                legal proceeding pending against the following entities or their
                respective property, that is material to Certificateholders, including
                any
                proceedings known to be contemplated by governmental
                authorities:

            	 
	
              ▪
                Issuing Entity (Trust Fund)

            	
              Trustee,
                Master Servicer and Depositor

            
	
              ▪
                Sponsor (Seller)

            	
              Seller
                (if a party to the Trust Agreement) or Depositor

            
	
              ▪
                Depositor

            	
              Depositor

            
	
              ▪
                Trustee

            	
              Trustee

            
	
              ▪
                Master Servicer

            	
              Master
                Servicer

            
	
              ▪
                Custodian

            	
              Custodian(1)

            
	
              ▪
                1110(b) Originator

            	
              Depositor

            
	
              ▪
                Any 1108(a)(2) Servicer (other than the Master Servicer)

            	
              Servicer(2)

            
	
              ▪
                Any other party contemplated by 1100(d)(1)

            	
              Depositor

            
	
              Reg
                AB Item 1119: Affiliations and Relationships

            	 
	
              Whether
                (a) the Sponsor (Seller), Depositor or Issuing Entity is an affiliate
                of
                the following parties, and (b) to the extent known and material,
                any of
                the following parties are affiliated with one another:

            	
              Depositor
                as to (a) 

            
	
              ▪
                Master Servicer

            	
              Master
                Servicer 

            

    

     

    
      
        
        

      

      
        R-4

        
          

        

      

      
        
        

      

    

     

    
      	
              ADDITIONAL
                FORM 10-K DISCLOSURE

            
	
              Item
                on Form 10-K

            	
              Party
                Responsible 

            
	
              ▪
                Trustee

            	
              Trustee

            
	
              ▪
                Any other 1108(a)(3) servicer

            	
              Servicer(2)

            
	
              ▪
                Any 1110 Originator

            	
              Depositor

            
	
              ▪
                Any 1112(b) Significant Obligor

            	
              Depositor

            
	
              ▪
                Any 1114 Credit Enhancement Provider

            	
              Depositor

            
	
              ▪
                Any 1115 Derivate Counterparty Provider

            	
              Depositor

            
	
              ▪
                Any other 1101(d)(1) material party

            	
              Depositor

            
	
              Whether
                there are any “outside the ordinary course business arrangements” other
                than would be obtained in an arm’s length transaction between (a) the
                Sponsor (Seller), Depositor or Issuing Entity on the one hand, and
                (b) any
                of the following parties (or their affiliates) on the other hand,
                that
                exist currently or within the past two years and that are material
                to a
                Certificateholder’s understanding of the Certificates:

            	
              Depositor
                as to (a) 

            
	
              ▪
                Master Servicer

            	
              Master
                Servicer 

            
	
              ▪
                Trustee

            	
              Trustee

            
	
              ▪
                Any other 1108(a)(3) servicer

            	
              Servicer(2)

            
	
              ▪
                Any 1110 Originator

            	
              Depositor

            
	
              ▪
                Any 1112(b) Significant Obligor

            	
              Depositor

            
	
              ▪
                Any 1114 Credit Enhancement Provider

            	
              Depositor

            
	
              ▪
                Any 1115 Derivate Counterparty Provider

            	
              Depositor

            
	
              ▪
                Any other 1101(d)(1) material party

            	
              Depositor

            
	
              Whether
                there are any specific relationships involving the transaction or
                the pool
                assets between (a) the Sponsor (Seller), Depositor or Issuing Entity
                on
                the one hand, and (b) any of the following parties (or their affiliates)
                on the other hand, that exist currently or within the past two years
                and
                that are material:

            	
              Depositor
                as to (a) 

            
	
              ▪
                Master Servicer

            	
              Master
                Servicer 

            
	
              ▪
                Trustee

            	
              Trustee

            
	
              ▪
                Any other 1108(a)(3) servicer

            	
              Servicer(2)

            
	
              ▪
                Any 1110 Originator

            	
              Depositor

            
	
              ▪
                Any 1112(b) Significant Obligor

            	
              Depositor

            
	
              ▪
                Any 1114 Credit Enhancement Provider

            	
              Depositor

            
	
              ▪
                Any 1115 Derivate Counterparty Provider

            	
              Depositor

            
	
              ▪
                Any other 1101(d)(1) material party

            	
              Depositor

            

    

     

    
      	
              (1)

            	
              This
                information to be provided pursuant to the Custodial
                Agreement.

            

    

    
      	
              (2)

            	
              This
                information to be provided pursuant to the Servicing
                Agreement.

            

    

    

    
      
        
          
          

        

        
          R-5

          
            

          

        

        
          
          

        

      

    

    

    

    
      	
              FORM
                8-K DISCLOSURE INFORMATION

            
	
              Item
                on Form 8-K

            	
              Party
                Responsible 

            
	
              Item
                1.01- Entry into a Material Definitive Agreement

               

              Disclosure
                is required regarding entry into or amendment of any definitive agreement
                that is material to the securitization, even if depositor is not
                a party.
                

               

              Examples:
                servicing agreement, custodial agreement.

               

              Note:
                disclosure not required as to definitive agreements that are fully
                disclosed in the prospectus

            	
              All
                parties (with respect to any agreement entered into by such
                party)

            
	
              Item
                1.02- Termination of a Material Definitive Agreement

               

              Disclosure
                is required regarding termination of any definitive agreement that
                is
                material to the securitization (other than expiration in accordance
                with
                its terms), even if depositor is not a party. 

               

              Examples:
                servicing agreement, custodial agreement.

            	
              All
                parties (with respect to any agreement entered into by such
                party)

            
	
              Item
                1.03- Bankruptcy or Receivership

               

              Disclosure
                is required regarding the bankruptcy or receivership, with respect
                to any
                of the following: 

            	
              Depositor

            
	
              ▪
                Sponsor (Seller)

            	
              Depositor/Sponsor
                (Seller)

            
	
              ▪
                Depositor

            	
              Depositor

            
	
              ▪
                Master Servicer

            	
              Master
                Servicer

            
	
              ▪
                Affiliated Servicer

            	
              Servicer(1)

            
	
              ▪
                Other Servicer servicing 20% or more of the pool assets at the time
                of the
                report

            	
              Servicer(1)

            
	
              ▪
                Other material servicers

            	
              Servicer(1)

            
	
              ▪
                Trustee

            	
              Trustee

            
	
              ▪
                Significant Obligor

            	
              Depositor

            
	
              ▪
                Credit Enhancer (10% or more)

            	
              Depositor

            
	
              ▪
                Derivative Counterparty

            	
              Depositor

            
	
              ▪
                Custodian

            	
              Custodian(2)

            

    

     

    
      
        
        

      

      
        R-6

        
          

        

      

      
        
        

      

    

     

    
      	
              FORM
                8-K DISCLOSURE INFORMATION

            
	
              Item
                on Form 8-K

            	
              Party
                Responsible 

            
	
              Item
                2.04- Triggering Events that Accelerate or Increase a Direct Financial
                Obligation or an Obligation under an Off-Balance Sheet
                Arrangement

               

              Includes
                an early amortization, performance trigger or other event, including
                event
                of default, that would materially alter the payment priority/distribution
                of cash flows/amortization schedule.

               

              Disclosure
                will be made of events other than waterfall triggers which are disclosed
                in the monthly statements to the Certificateholders.

            	
              Depositor

              Master
                Servicer

              Trustee

            
	
              Item
                3.03- Material Modification to Rights of Security
                Holders

               

              Disclosure
                is required of any material modification to documents defining the
                rights
                of Certificateholders, including the Trust Agreement.

            	
              Trustee
                (only to the extent it is a party to any such documents)

              Depositor

            
	
              Item
                5.03- Amendments of Articles of Incorporation or Bylaws; Change of
                Fiscal
                Year

              Disclosure
                is required of any amendment “to the governing documents of the issuing
                entity”.

            	
              Depositor

            
	
              Item
                6.01- ABS Informational and Computational
                Material

            	
              Depositor

            
	
              Item
                6.02- Change of 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 or
                trustee.

            	
              Master
                Servicer/ Depositor/

              Servicer(1)/Trustee
                (as to itself and the Master Servicer)

            
	
              Reg
                AB disclosure about any new servicer or master servicer is also
                required.

            	
              Servicer(1)/Master
                Servicer/Depositor

            
	
              Reg
                AB disclosure about any new Trustee is also required.

            	
              New
                Trustee

            
	
              Item
                6.03- Change in Credit Enhancement or External
                Support

              Covers
                termination of any enhancement in manner other than by its terms,
                the
                addition of an enhancement, or a material change in the enhancement
                provided. Applies to external credit enhancements as well as derivatives.
                

            	
              Depositor

            
	
              Reg
                AB disclosure about any new enhancement provider is also
                required.

            	
              Depositor

            

    

     

    
      
        
        

      

      
        R-7

        
          

        

      

      
        
        

      

    

     

    
      	
              FORM
                8-K DISCLOSURE INFORMATION

            
	
              Item
                on Form 8-K

            	
              Party
                Responsible 

            
	
              Item
                6.04- Failure to Make a Required Distribution

            	
              Trustee
                (so long as the Trustee is the Paying Agent)

            
	
              Item
                6.05- Securities Act Updating Disclosure

               

              If
                any material pool characteristic differs by 5% or more at the time
                of
                issuance of the securities from the description in the final prospectus,
                provide updated Reg AB disclosure about the actual asset
                pool.

            	
              Depositor

            
	
              If
                there are any new servicers or originators required to be disclosed
                under
                Regulation AB as a result of the foregoing, provide the information
                called
                for in Items 1108 and 1110 respectively.

            	
              Depositor

            
	
              Item
                7.01- Reg FD Disclosure

            	
              All
                parties

            
	
              Item
                8.01- Other Events

               

              Any
                event, with respect to which information is not otherwise called
                for in
                Form 8-K, that the registrant deems of importance to
                Certificateholders.

            	
              Depositor

            
	
              Item
                9.01- Financial Statements and Exhibits

            	
              Responsible
                party for reporting/disclosing the financial statement or
                exhibit

            

    

    

     

    
      	
              (1)

            	
              This
                information to be provided pursuant to the Servicing
                Agreement.

            

    

    
      	
              (2)

            	
              This
                information to be provided pursuant to the Custodial
                Agreement.

            

    

    

    

    

    
      
        
          
          

        

        
          R-8

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      S

     

    FORM
      OF WATCHLIST REPORT

     

    

    
      
        
          
          

        

        
          S-1-1

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      S-2

    

    FORM
      OF LOSS SEVERITY REPORT

    

    
      
        
          
          

        

        
          S-2-1

          
            

          

        

        
          
          

        

      

    

    

    

    EXHIBIT
      S-3

    

    FORM
      OF PREPAYMENT PREMIUMS REPORT

    

    
      
        
          
          

        

        
          S-3-1

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      S-4

    

    FORM
      OF ANALYTICS REPORT

     

    

    
      
        
          
          

        

        
          S-4-1

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      T

     

    FORM
      OF CERTIFICATION TO BE PROVIDED BY THE CREDIT RISK MANAGER

     

    
      	 	
              Re:

            	
              HarborView
                Mortgage Loan Trust Mortgage Loan Pass-Through 

              Certificates,
                Series 2006-10, issued pursuant to the Pooling and 

              Servicing
                Agreement dated as of October 1, 2006, among Greenwich 

              Capital
                Acceptance, Inc., as Depositor, Greenwich Capital Financial 

              Products,
                Inc., as Seller, Clayton Fixed Income Services Inc., as Credit
                

              Risk
                Manager, and Wells Fargo Bank, N.A., as Trustee            

            

    

     

     

    CLAYTON
      FIXED INCOME SERVICES INC. (the “Credit Risk Manager”) certifies to the
      Depositor, the Sponsor, the Trustee, and [10-K Signatory Entity] its officers,
      directors and affiliates, and with the knowledge and intent that they will
      rely
      upon this certification, that:

     

    
      	 	
              1.

            	
              Based
                on the knowledge of the Credit Risk Manager, taken as a whole, the
                information in the reports provided during the calendar year immediately
                preceding the date of this certificate (the “Relevant Year”) by the Credit
                Risk Manager pursuant to the Master Consulting Agreement dated as
                of April
                18, 2005 (the
                “Master Consulting Agreement”), by and between the Credit Risk Manager and
                Greenwich Capital Markets, Inc. and pursuant to Transaction Addendum
                Harborview 2006-10 (the “Transaction Addendum Harborview 2006-10”), does
                not contain any untrue statement of a material fact or omit to state
                a
                material fact necessary to make the statements made, in light of
                the
                circumstances under which such statements were made, not misleading
                as of
                the date that each of such reports was provided;
                and

            

    

     

    
      	 	
              2.

            	
              The
                Credit Risk Manager has fulfilled its obligations under the Master
                Consulting Agreement and Transaction Addendum HarborView 2006-10
                throughout the Relevant Year.

            

    

     

     

    CLAYTON
      FIXED INCOME SERVICES INC.

     

     

    By:____________________________________

     

     

    Name:_________________________________

     

    Title:
      _________________________________

    

      
        
          
          

        

        
          T-1

          
            

          

        

        
          
          

        

      

    EXHIBIT
      U

     

    ADDITIONAL
      DISCLOSURE NOTIFICATION

     

    Wells
      Fargo Bank, N.A., 

    as
      Trustee to HarborView Mortgage Loan Trust 2006-10

    Old
      Annapolis Road

    Columbia,
      Maryland 21045

    Fax:
      (410) 715-2380

    E-mail:
      cts.sec.notifications@wellsfargo.com

    Attn:
      Corporate Trust Services - HARBORVIEW MORTGAGE LOAN TRUST 2006-10 SEC REPORT
      PROCESSING

    

    RE:
      **Additional Form [10-D][10-K][8-K] Disclosure** Required

    

    

    Ladies
      and Gentlemen:

     

    In
      accordance with Section [ ] of the Pooling and Servicing Agreement, dated
      October 1, 2006 (the “Pooling and Servicing Agreement”) among the Greenwich
      Capital Acceptance, Inc., as Depositor, Greenwich Capital Financial Products,
      Inc., as the Seller, Clayton Fixed Income Services Inc., as Credit Risk Manager,
      and the Wells Fargo Bank, N.A., as 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:

    

    

    
      
        
          
          

        

        
          U-1

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      V

     

    YIELD
      MAINTENANCE ALLOCATION AGREEMENT

     

    

    
      
        
          
          

        

        
          V-1

          
            

          

        

        
          
          

        

      

    

    

    Yield
      Maintenance Allocation Agreement

     

    This
      Yield Maintenance Allocation Agreement, dated as of November 13, 2006 (this
      “Agreement”), among Wells Fargo Bank, N.A. (“Wells Fargo Bank”), not in its
      individual capacity, but solely in its capacity as administrator for the yield
      maintenance trust (in such capacity, the “Administrator”) and as trustee under
      the Pooling and Servicing Agreement, as hereinafter defined (in such capacity,
      the “Trustee”) and Greenwich Capital Financial Products, Inc. (“GCFP”), or its
      designee.

     

    WHEREAS,
      the Administrator, on behalf of a separate trust established hereunder will
      enter into the Yield Maintenance Agreement dated as of November 9,
      2006
      (the “Yield Maintenance Agreement”), a copy of which is attached hereto as
      Exhibit A, between the Administrator and The Bank of New York (the “Yield
      Maintenance Provider”), the counterparty to the Yield Maintenance Agreement;
      and

     

    WHEREAS,
      it is desirable to appoint the Administrator, and the Administrator desires
      to
      accept such appointment, to receive and distribute funds payable by the Yield
      Maintenance Provider to the Administrator under the Yield Maintenance Agreement
      as provided herein; 

     

    NOW,
      THEREFORE, in consideration of the mutual covenants contained herein, and for
      other good and valuable consideration, the receipt and adequacy of which are
      hereby acknowledged, the parties agree as follows: 

     

    1. Definitions.
      Capitalized terms used but not otherwise defined herein shall have the
      respective meanings assigned thereto in the Pooling and Servicing Agreement
      dated as of October 1, 2006 (the “Pooling and Servicing Agreement”), among
      Greenwich Capital Assurance, Inc., as depositor, GCFP, Clayton Fixed Income
      Services, Inc., as credit risk manager and the Trustee relating to the
      HarborView Mortgage Loan Trust (the “Trust”) Mortgage Loan Pass-Through
      Certificates, Series 2006-10 (the “Certificates”), or in the related Indenture
      (as hereinafter defined) as the case may be, as in effect on the date
      hereof.

     

    2. Yield
      Maintenance Trust.
      There
      is hereby established a separate trust (the “Yield Maintenance Trust”), into
      which the Administrator shall deposit the Yield Maintenance Agreement. The
      Yield
      Maintenance Trust shall be maintained by the Administrator. The sole assets
      of
      the Yield Maintenance Trust shall be the Yield Maintenance Agreement and the
      Yield Maintenance Trust Account (each as hereinafter defined).

     

    3. Administrator.
      

     

    (a) The
      Administrator is hereby authorized and directed to execute the Yield Maintenance
      Agreement and is appointed to receive all funds paid to the Administrator by
      the
      Yield Maintenance Provider or its successors in interest under the Yield
      Maintenance Agreement (including any termination payments under the Yield
      Maintenance Agreement) and the Administrator accepts such appointment and hereby
      agrees to receive such amounts, deposit such amounts into the Yield Maintenance
      Trust Account, and to distribute on each Distribution Date such amounts in
      the
      following order of priority:

    
      
        
        

      

      
        V-2

        
          

        

      

      
        
        

      

    

     

    
      	 	
              (i)

            	
              first,
                for deposit into the Yield Maintenance Account, an amount equal to
                the sum
                of the following amounts remaining outstanding after distribution
                of the
                Net Monthly Excess Cashflow: (A) an amount necessary to maintain
                or
                restore the Overcollateralization Target Amount for the related
                Distribution Date; (B) any Allocated Realized Loss Amounts remaining
                unpaid; (C) any Monthly Interest Distributable Amount and Unpaid
                Interest
                Shortfall Amounts; (D) any Basis Risk Shortfalls; and (E) any Allocated
                Net Deferred Interest Amounts;

            

    

     

    
      	 	
              (ii)

            	
              second,
                to GCFP or its designee, any amounts remaining after payment of clause
                (i)
                above, provided,
                however,
                that upon the issuance of notes by an issuer (the “Issuer”) pursuant to an
                indenture (the “Indenture”), secured by all or a portion of the Class C
                Certificates and the Class P Certificates (the “NIM Notes”), GCFP or its
                designee, hereby instructs the Administrator to make any payments
                under
                this clause 3(a)(ii):

            

    

     

    (A) to
      the
      Indenture Trustee for the Issuer, for deposit into the Note Account (each as
      defined in the related Indenture), for distribution in accordance with the
      terms
      of the Indenture until satisfaction and discharge of the Indenture;
      and

     

    (B) after
      satisfaction and discharge of the Indenture, to GCFP or its
      designee.

     

    (b) The
      Administrator agrees to hold any amounts received from the Yield Maintenance
      Provider in trust upon the terms and conditions and for the exclusive use and
      benefit of the Trustee and the Indenture Trustee, as applicable (in turn for
      the
      benefit of the Certificateholders, the Noteholders, GCFP and the NIMS Insurer,
      if any) as set forth herein. The rights, duties and liabilities of the
      Administrator in respect of this Agreement shall be as follows:

     

    (i) The
      Administrator shall have the full power and authority to do all things not
      inconsistent with the provisions of this Agreement that may be deemed advisable
      in order to enforce the provisions hereof. The Administrator shall not be
      answerable or accountable except for its own bad faith, willful misconduct
      or
      negligence. The Administrator shall not be required to take any action to
      exercise or enforce any of its rights or powers hereunder which, in the opinion
      of the Administrator, shall be likely to involve expense or liability to the
      Administrator, unless the Administrator shall have received an agreement
      satisfactory to it in its sole discretion to indemnify it against such liability
      and expense.

     

    (ii) The
      Administrator shall not be liable with respect to any action taken or omitted
      to
      be taken by it in good faith in accordance with the direction of any party
      hereto or the NIMS Insurer, if any, or otherwise as provided herein, relating
      to
      the time, method and place of conducting any proceeding for any remedy available
      to the Administrator or exercising any right or power conferred upon the
      Administrator under this Agreement.

    
      
        
        

      

      
        V-3

        
          

        

      

      
        
        

      

    

     

    (iii) The
      Administrator may perform any duties hereunder either directly or by or through
      agents or attorneys of the Administrator. The Administrator shall not be liable
      for the acts or omissions of its agents or attorneys so long as the
      Administrator chose such Persons with due care.

     

    4. Yield
      Maintenance Trust Account.
      

     

    The
      Administrator shall segregate and hold all funds received from the Yield
      Maintenance Provider under the Yield Maintenance Agreement (including any
      termination payments) separate and apart from any of its own funds and general
      assets and shall establish and maintain in the name of the Administrator one
      or
      more segregated accounts (the “Yield Maintenance Trust Account”). The Yield
      Maintenance Trust Account shall be an Eligible Account, and funds on deposit
      therein shall be held separate and apart from, and shall not be commingled
      with,
      any other moneys of the Administrator. Amounts on deposit in the Yield
      Maintenance Trust Account shall not be invested and shall not be held in an
      interest-bearing account. 

     

    
      	 	
              5.

            	
              Replacement
                Yield Maintenance Agreement.
                

            

    

     

    The
      Administrator shall, at the direction of the NIMS Insurer, if any, or, with
      the
      consent of the NIMS Insurer, if any, at the direction of GCFP or its designee,
      enforce all of its rights and exercise any remedies under the Yield Maintenance
      Agreement. In the event the Yield Maintenance Agreement is terminated as a
      result of the designation by either party thereto of an Early Termination Date
      (as defined therein), GCFP or its designee, shall find a replacement
      counterparty to enter into a replacement Yield Maintenance
      Agreement.

     

    Any
      termination payment under the Yield Maintenance Agreement received by the
      Administrator from the Yield Maintenance Provider shall be deposited into a
      separate, non-interest bearing account, established by the Administrator and
      shall be used to make any upfront payment required under a replacement Yield
      Maintenance Agreement.

     

    Notwithstanding
      anything contained herein, in the event that a replacement Yield Maintenance
      Agreement cannot be obtained within 30 days after receipt by the Administrator
      of a termination payment paid by the terminated Yield Maintenance Provider,
      the
      Administrator shall deposit such termination payment into a separate,
      non-interest bearing account, established by the Administrator and the
      Administrator shall, on each Distribution Date, withdraw from such account,
      an
      amount equal to the Yield Maintenance Agreement Payment, if any, that would
      have
      been paid to the Trust by the original Yield Maintenance Provider (computed
      in
      accordance with Exhibit A) and distribute such amount in accordance with Section
      3(a) of this Agreement. On the Distribution Date immediately after the
      termination date of the original Yield Maintenance Agreement, the Administrator
      shall withdraw any funds remaining in such account and distribute such amount
      in
      accordance with Section 3(a)(ii) of this Agreement.

     

    6. Representations
      and Warranties of Wells Fargo Bank.
      Wells
      Fargo Bank represents and warrants as follows:

     

    (a) Wells
      Fargo Bank is duly organized and validly existing as a national banking
      association organized under the laws of the United States and has all requisite
      power and authority to execute and deliver this Agreement, to perform its
      obligations as Administrator hereunder.

    
      
        
        

      

      
        V-4

        
          

        

      

      
        
        

      

    

     

    (b) The
      execution, delivery and performance of this Agreement by Wells Fargo Bank as
      Trustee have been duly authorized in the Pooling and Servicing
      Agreement.

     

    (c) This
      Agreement has been duly executed and delivered by Wells Fargo Bank as
      Administrator and the Trustee and is enforceable against Wells Fargo Bank in
      such capacities in accordance with its terms, except as enforceability may
      be
      affected by bankruptcy, insolvency, fraudulent conveyance, reorganization,
      moratorium and other similar laws relating to or affecting creditors’ rights
      generally, general equitable principles (whether considered in a proceeding
      in
      equity or at law).

     

    
      	 	
              7.

            	
              Replacement
                of Administrator.

            

    

     

    Any
      corporation, bank, trust company or association into which the Administrator
      may
      be merged or converted or with which it may be consolidated, or any corporation,
      bank, trust company or association resulting from any merger, conversion or
      consolidation to which the Administrator shall be a party, or any corporation,
      bank, trust company or association succeeding to all or substantially all the
      corporate trust business of the Administrator, shall be the successor of the
      Administrator hereunder, without the execution or filing of any paper or any
      further act on the part of any of the parties hereto, except to the extent
      that
      assumption of its duties and obligations, as such, is not effected by operation
      of law.

     

    No
      resignation or removal of the Administrator and no appointment of a successor
      Administrator shall become effective until the appointment by GCFP or its
      designee, of a successor Administrator acceptable to the NIMS Insurer, if any.
      Any successor Administrator shall execute such documents or instruments
      necessary or appropriate to vest in and confirm to such successor Administrator
      all such rights and powers conferred by this Agreement.

     

    The
      Administrator may resign at any time by giving written notice thereof to the
      other parties hereto with a copy to the NIMS Insurer, if any. If a successor
      Administrator shall not have accepted the appointment hereunder within 30 days
      after the giving by the resigning Administrator of such notice of resignation,
      the resigning Administrator may petition any court of competent jurisdiction
      for
      the appointment of a successor Administrator acceptable to the NIMS Insurer,
      if
      any.

     

    In
      the
      event of a resignation or removal of the Administrator, GCFP or its designee
      shall promptly appoint a successor Administrator acceptable to the NIMS Insurer,
      if any. If no such appointment has been made within 10 days of the resignation
      or removal, the NIMS Insurer, if any, may appoint a successor
      Administrator.

     

    
      	 	
              8.

            	
              Administrator
                Obligations.

            

    

     

    Whenever
      the Administrator, as a party to the Yield Maintenance Agreement, has the option
      or is requested in such capacity, whether such request is by the Yield
      Maintenance Provider, to take any action or to give any consent, approval or
      waiver that it is on behalf of the Yield Maintenance Trust entitled to take
      or
      give in such capacity (including, without limitation, in connection with an
      amendment of such agreement or the occurrence of a default or termination event
      thereunder), the Administrator shall promptly notify the parties hereto and
      the
      NIMS Insurer, if any, of such request in such detail as is available to it
      and
      shall, on behalf of the parties hereto and the NIMS Insurer, if any, take such
      action in connection with the exercise and/or enforcement of any rights and/or
      remedies available to it in such capacity with respect to such request as GCFP
      or its designee, or the NIMS Insurer, if any, shall direct in writing;
provided
      that if
      no such direction is received prior to the date that is established for taking
      such action or giving such consent, approval or waiver (notice of which date
      shall be given by the Administrator to the parties hereto and the NIMS Insurer,
      if any), the Administrator may abstain from taking such action or giving such
      consent, approval or waiver.

    
      
        
        

      

      
        V-5

        
          

        

      

      
        
        

      

    

     

    The
      Administrator shall forward to the parties hereto and the NIMS Insurer, if
      any,
      on the Distribution Date following its receipt thereof copies of any and all
      written notices, statements, reports and/or other material communications and
      information (collectively, the “Yield Maintenance Agreement Reports”) that it
      receives in connection with the Yield Maintenance Agreement or from the Yield
      Maintenance Provider. The Administrator shall have no information or other
      tax
      reporting obligations with respect to the Yield Maintenance Trust or the Yield
      Maintenance Trust Account.

     

    
      	 	
              9.

            	
              Miscellaneous.
                

            

    

     

    (a) This
      Agreement shall be governed by and construed in accordance with the laws of
      the
      State of New York, without reference to its conflict of law provisions (other
      than Section 5-1401 of the general obligations law), and the obligations, rights
      and remedies of the parties hereunder shall be determined in accordance with
      such laws.

     

    (b) Any
      action or proceeding against any of the parties hereto relating in any way
      to
      this Agreement may be brought and enforced in the courts of the State of New
      York sitting in the borough of Manhattan or of the United States District Court
      for the Southern District of New York and the Administrator irrevocably submits
      to the jurisdiction of each such court in respect of any such action or
      proceeding. The Administrator waives, to the fullest extent permitted by law,
      any right to remove any such action or proceeding by reason of improper venue
      or
      inconvenient forum.

     

    (c) This
      Agreement may be amended, supplemented or modified in writing by the parties
      hereto, but only with the consent of GCFP and the NIMS Insurer, if
      any.

     

    (d) This
      Agreement may not be assigned or transferred without the prior written consent
      of GCFP and the NIMS Insurer, if any; provided,
      however,
      the
      parties hereto acknowledge and agree to the assignment of the rights of GCFP
      or
      its designee, pursuant to the Sale Agreement, the Trust Agreement and the
      Indenture.

     

    (e) This
      Agreement may be executed by one or more of the parties to this Agreement on
      any
      number of separate counterparts (including by facsimile transmission), and
      all
      such counterparts taken together shall be deemed to constitute one and the
      same
      instrument.

     

    (f) Any
      provision of this Agreement which is prohibited or unenforceable in any
      jurisdiction shall, as to such jurisdiction, be ineffective to the extent of
      such prohibition or unenforceability without invalidating the remaining
      provisions hereof, and any such prohibition or unenforceability in any
      jurisdiction shall not invalidate or render unenforceable such provision in
      any
      other jurisdiction.

    
      
        
        

      

      
        V-6

        
          

        

      

      
        
        

      

    

     

    (g) The
      representations and warranties made by the parties to this Agreement shall
      survive the execution and delivery of this Agreement. No act or omission on
      the
      part of any party hereto shall constitute a waiver of any such representation
      or
      warranty.

     

    (h) The
      article and section headings herein are for convenience of reference only,
      and
      shall not limit or otherwise affect the meaning hereof.

     

    (i) The
      representations and warranties made by the parties to this Agreement shall
      survive the execution and delivery of this Agreement. No act or omission on the
      part of any party hereto shall constitute a waiver of any such representation
      or
      warranty.

     

    10. Third-Party
      Beneficiary.
      Each of
      the Trustee, GCFP or its designee and the Indenture Trustee, if any, shall
      be
      deemed a third-party beneficiary of this Agreement to the same extent as if
      it
      were a party hereto, and shall have the right to enforce the provisions of
      this
      Agreement. If any default occurs on the part of the Yield Maintenance Provider
      under the Yield Maintenance Agreement in the making of a payment due under
      the
      Yield Maintenance Agreement or in any other obligation of the Yield Maintenance
      Provider under the Yield Maintenance Agreement, the Administrator may and,
      upon
      the request of the Trustee, GCFP or its designee or the Indenture Trustee,
      shall
      take such action as may be appropriate to enforce such payment or performance,
      including the institution and prosecution of appropriate
      proceedings.

     

    11. Administrator
      and Trustee Rights.
      In
      connection with its execution and delivery of this Agreement and the Yield
      Maintenance Agreement and its performance of its duties and obligations
      hereunder and thereunder, the Administrator shall be entitled to the same
      rights, protections and indemnities afforded to the Trustee under the Pooling
      and Servicing Agreement, and the Indenture Trustee under the Indenture, in
      each
      case as if specifically set forth herein with respect to the
      Administrator.

     

    In
      connection with its execution and delivery of this Agreement and its performance
      of its duties and obligations hereunder, the Trustee shall be entitled to the
      same rights, protections and indemnities afforded to the Trustee under the
      Pooling and Servicing Agreement as if specifically set forth herein with respect
      to the Administrator.

    
      
        
        

      

      
        V-7

        
          

        

      

      
        
        

      

    

     

    12. Limited
      Recourse.
      It is
      expressly understood and agreed by the parties hereto that this Agreement is
      executed and delivered by the Trustee, not in its individual capacity but solely
      as Trustee under the Pooling and Servicing Agreement. Notwithstanding any other
      provisions of this Agreement, the obligations of the Trustee under this
      Agreement are non-recourse to the Trustee, its assets and its property, and
      shall be payable solely from the assets of the Trust Fund, and following
      realization of such assets, any claims of any party hereto shall be extinguished
      and shall not thereafter be reinstated. No recourse shall be had against any
      principal, director, officer, employee, beneficiary, shareholder, partner,
      member, Trustee, agent or affiliate of the Trustee or any person owning,
      directly or indirectly, any legal or beneficial interest in the Trustee, or
      any
      successors or assigns of any of the foregoing (the “Exculpated Parties”) for the
      payment of any amount payable under this Agreement. The parties hereto shall
      not
      enforce the liability and obligations of the Trustee to perform and observe
      the
      obligations contained in this Agreement by any action or proceeding wherein
      a
      money judgment establishing any personal liability shall be sought against
      the
      Trustee, subject to the following sentence, or the Exculpated Parties. The
      agreements in this paragraph shall survive termination of this Agreement and
      the
      performance of all obligations hereunder.

     

    

     

    

    
      
        
          
          

        

        
          V-8

          
            

          

        

        
          
          

        

      

    

    

    IN
      WITNESS WHEREOF, the parties have caused this Agreement to be duly executed
      and
      delivered as of the day and year first above written. 

     

    
      	 	 	 
	 	
              WELLS
                FARGO BANK, N.A.

              not
                in its individual capacity but solely as 

              Administrator
                under this Agreement

            
	 
 	 
 	 
 
	 	By:  	/s/ Graham Oglesby
	 	
              
Name:
              Graham Oglesby
	 	Title:
              Assistant Vice President

    

     

    
      	 	 	 
	 	By:  	 
	 	
              
Name:
	 	Title:

    

     

    
      	 	 	 
	 	
              WELLS
                FARGO BANK, N.A.

              not
                in its individual capacity but solely as Trustee 

              under
                the Pooling and Servicing Agreement

            
	 
 	 
 	 
 
	 	By:  	/s/ Graham Oglesby
	 	
              
Name:
              Graham Oglesby
	 	Title:
              Assistant Vice President

    

    
       

      
        	 	 	 
	 	By:  	 
	 	
                
Name:
	 	Title:

      

       

      
        	 	 	 
	 	
                GREENWICH
                  CAPITAL FINANCIAL PRODUCTS, INC.

              
	 
 	 
 	 
 
	 	By:  	/s/ Shakti Radhakishun
	 	
                
Name:
                Shakti Radhakishun
	 	Title:
                Senior Vice President

      

    

     

    
      
        
          
          

        

        
          V-9

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      A

     

    
      YIELD
        MAINTENANCE AGREEMENT

       

    

    SEE
      EXHIBIT W TO THE POOLING AND SERVICING AGREEMENT

     

    

    

     

    

     

    

    
      
        
          
          

        

        
          V-10

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      W

     

    YIELD
      MAINTENANCE AGREEMENT

     

    

     

    

     

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    

     

    

      Dated:
        November 13, 2006

      

      Rate
        Cap Transaction

      

      Re:
        BNY
        Reference No. 38556

      

      Ladies
        and Gentlemen:

      

      The
        purpose of this letter agreement (“Agreement”)
        is to
        confirm the terms and conditions of the rate Cap Transaction entered into
        on the
        Trade Date specified below (the “Transaction”)
        between The Bank of New York (“BNY”),
        a
        trust company duly organized and existing under the laws of the State of
        New
        York, and Wells Fargo Bank, N.A. (“Wells Fargo”),
        not in its individual capacity, but solely as administrator (in such capacity,
        the “Administrator”) under the Yield Maintenance Allocation Agreement, dated as
        of November 13, 2006 (the “Yield Maintenance Allocation Agreement”), among the
        Administrator, Greenwich Capital Financial Products, Inc. (“GCFP”) and Wells
        Fargo,,
        not in its individual capacity, but solely as trustee (in such capacity,
        the
“Trustee”) under the Pooling and Servicing Agreement, dated as of October 1,
        2006, among Greenwich Capital Acceptance, Inc., as depositor (the “Depositor”),
        GCFP, as seller (the “Seller”) and the Trustee (the “Pooling
        and Servicing Agreement”).
        The trust established under the Yield Maintenance Allocation Agreement (the
        “Yield Maintenance Trust”) is referred to herein as the “Counterparty”.
This
        Agreement, which evidences a complete and binding agreement between you and
        us
        to enter into the Transaction on the terms set forth below, constitutes a
        “Confirmation”
as
        referred to in the “ISDA
        Form Master Agreement”
(as
        defined below), as well as a “Schedule” as referred to in the ISDA Form Master
        Agreement.

      

      1. Form
        of Agreement.
        This Agreement is subject to the 2000
        ISDA Definitions (the
        “Definitions”),
        as published by the International Swaps and Derivatives Association, Inc.
        (“ISDA”).
        You and we have agreed to enter into this Agreement in lieu of negotiating
        a
        Schedule to the 1992 ISDA Master Agreement (Multicurrency—Cross Border) form
        (the “ISDA
        Form Master Agreement”).
        An ISDA Form Master Agreement, as modified by the Schedule terms in Paragraph
        4
        of this Confirmation (the “Master
        Agreement”),
        shall be deemed to have been executed by you and us on the date we entered
        into
        the Transaction. Except as otherwise specified, references herein to Sections
        shall be to Sections of the ISDA Form Master Agreement and the Master Agreement,
        and references to Paragraphs shall be to paragraphs of this Agreement. In
        the
        event of any inconsistency between the provisions of this Agreement and the
        Definitions or the ISDA Form Master Agreement, this Agreement shall prevail
        for
        purposes of the Transaction. Capitalized terms not otherwise defined herein
        or
        in the Definitions or the Master Agreement shall have the meaning defined
        for
        such term in the Pooling and Servicing Agreement.

       

      
        
          Ref
            No. 38556

          
          

        

        
          Page
            1 of
            21

          
            

          

        

        
          
          

        

      

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

      

        
          	
                  Type
                    of Transaction:

                	
                  Rate
                    Cap

                
	 	 
	
                  Notional
                    Amount:

                	
                  With
                    respect to any Calculation Period, the lesser of: (i) the amount
                    set forth
                    on Schedule I attached hereto for such Calculation Period and
                    (ii) the
                    Class Certificate Principal Balance of the LIBOR Certificates
                    (as defined
                    in the Pooling and Servicing Agreement) for such Floating Rate
                    Payer
                    Payment Date.

                
	 	 
	 	
                  The
                    Administrator shall make available each month via the Administrator’s
                    website a statement containing the Certificate Principal Balance
                    of the
                    LIBOR Certificates as of the first day of such Calculation Period.
                    BNY is
                    permitted to rely upon the statement of Certificate Principal
                    Balance of
                    the LIBOR Certificates made available on the Administrator’s website. The
                    Administrator’s internet website shall initially be located at
                    www.ctslink.com and assistance in using the website can be obtained
                    by
                    calling the Administrator’s investor relations desk at
                    301-815-6600.

                
	 	 
	
                  Trade
                    Date:

                	
                  November
                    9, 2006

                
	 	 
	
                  Effective
                    Date:

                	
                  March
                    19, 2010

                
	 	 
	
                  Termination
                    Date:

                	
                  October
                    19, 2013, subject to adjustment in accordance with the Following
                    Business
                    Day Convention.

                
	 	 
	
                  FIXED
                    AMOUNTS

                	 
	 	 
	
                  Fixed
                    Amount Payer:

                	
                  Counterparty
                    represents and warrants that it has directed GCFP
                    to make payment of the Fixed Amount on its behalf.

                
	 	 
	
                  Fixed
                    Amount:

                	
                  USD
                    3,600,000.00

                
	 	 
	
                  Fixed
                    Amount Payer Payment Date:

                	
                  November
                    13, 2006

                
	 	 
	
                  FLOATING
                    AMOUNTS

                	 
	 	 
	
                  Floating
                    Rate Payer:

                	
                  BNY

                

        

         

        
          
            Ref
              No. 38556

            
            

          

          
            Page
              2 of
              21

            
              

            

          

          
            
            

          

        

        
          	
                  Cap
                    Rate:

                	
                  For
                    each Calculation Period, as set forth for such period on Schedule
                    I
                    attached hereto.

                
	 	 
	
                  Ceiling
                    Rate:

                	
                  For
                    each Calculation Period, as set forth for such period on Schedule
                    I
                    attached hereto.

                
	 	 
	
                  Floating
                    Rate for initial Calculation Period:

                	
                  To
                    be determined

                
	 	 
	
                  Floating
                    Rate Day Count Fraction:

                	
                  Actual/360

                
	 	 
	
                  Floating
                    Rate Option:

                	
                  USD-LIBOR-BBA,
                    provided, however, if the Floating Rate Option for a Calculation
                    Period is
                    greater than Ceiling Rate then the Floating Rate Option for such
                    Calculation Period shall be deemed equal to Ceiling
                    Rate.

                
	 	 
	
                  Designated
                    Maturity:

                	
                  One
                    month

                
	 	 
	
                  Spread:

                	
                  Inapplicable

                
	 	 
	
                  Floating
                    Rate Payer Period End Dates:

                	
                  The
                    19th
                    day of each month, beginning on April 19, 2010 and ending on
                    the
                    Termination Date, subject to adjustment in accordance with the
                    Following
                    Business Day Convention.

                
	 	 
	
                  Floating
                    Rate Payer Payment Dates:

                	
                  Early
                    Payment shall be applicable. The Floating Rate Payer Payment
                    Date shall be
                    one (1) Business Day preceding each Floating Rate Payer Period
                    End
                    Date.

                
	 	 
	
                  Reset
                    Dates:

                	
                  The
                    first day of each Calculation Period or Compounding Period, if
                    Compounding
                    is applicable.

                
	 	 
	
                  Compounding:

                	
                  Inapplicable

                
	 	 
	
                  Business
                    Days for Payments By both parties:

                	
                  New
                    York 

                
	 	 
	
                  Calculation
                    Agent:

                	
                  BNY

                

        

      

      

        
          	
                  3.

                	
                  Additional
                    Provisions:
                    

                

        

        

        1) Reliance.
          Each
          party hereto is hereby advised and acknowledges that the other party has
          engaged
          in (or refrained from engaging in) substantial financial transactions and
          has
          taken (or refrained from taking) other material actions in reliance upon
          the
          entry by the parties into the Transaction being entered into on the terms
          and
          conditions set forth herein. 

        

        
          
            Ref
              No. 38556

            
            

          

          
            Page
              3 of
              21

            
              

            

          

          
            
            

          

        

        2) Transfer,
          Amendment and Assignment.
          No
          transfer, amendment, waiver, supplement, assignment or other modification
          of
          this Transaction shall be permitted by either party unless each of Standard
          & Poor’s Ratings Service, a division of The McGraw-Hill Companies, Inc
          (“S&P”)
          and
          Moody’s Investors Service, Inc. (“Moody’s”),
          has
          been provided notice of the same and confirms in writing (including by
          facsimile
          transmission) that it will not downgrade, qualify, withdraw or otherwise
          modify
          its then-current ratings on the Certificates issued under the Pooling and
          Servicing Agreement (the “Certificates”).

        

        
          	
                  4.

                	
                  Provisions
                    Deemed Incorporated in a Schedule to the Master
                    Agreement:

                

        

        

        
          	 	
                  1)

                	
                  No
                    Netting Between Transactions.
                    The parties agree that subparagraph (ii) of Section 2(c) will
                    apply to any
                    Transaction.

                

        

        

        
          	 	
                  2)

                	
                  Termination
                    Provisions.
                    Subject to the provisions of Paragraph 4(11) below, for purposes
                    of the
                    Master Agreement:

                

        

        

        
          	 	
                  (a)

                	
                  “Specified
                    Entity”
                    is not applicable to BNY or the Counterparty for any purpose.
                    

                

        

        

        
          	 	
                  (b)

                	
                  The
                    “Breach
                    of Agreement”
                    provision of Section 5(a)(ii) will not apply to BNY or the
                    Counterparty.

                

        

        

        
          	 	
                  (c)

                	
                  The
                    “Credit
                    Support Default”
                    provisions of Section 5(a)(iii) will not apply to BNY (except
                    with respect
                    to credit support furnished pursuant to Paragraph 4 9) below
                    or the
                    Counterparty.

                

        

        

        
          	 	
                  (d)

                	
                  The
                    “Misrepresentation”
                    provisions of Section 5(a)(iv) will not apply to BNY or the
                    Counterparty.

                

        

        

        
          	 	
                  (e)

                	
                  “Default
                    under Specified Transaction”
                    is not applicable to BNY or the Counterparty for any purpose,
                    and,
                    accordingly, Section 5(a)(v) shall not apply to BNY or the
                    Counterparty.

                

        

        

        
          	 	
                  (f)

                	
                  The
                    “Cross
                    Default”
                    provisions of Section 5(a)(vi) will not apply to BNY or to the
                    Counterparty.

                

        

        

        
          	 	
                  (g)

                	
                  The
                    “Bankruptcy”
                    provisions of Section 5(a)(vii)(2) will not apply to the Counterparty;
                    the
                    words “trustee” and “custodian” in Section 5(a)(vii)(6) will not include
                    the Trustee; and the words “specifically authorized ” are inserted before
                    the word “action” in Section
                    5(a)(vii)(9).

                

        

        

        
          	 	
                  (h)

                	
                  The
                    “Credit
                    Event Upon Merger”
                    provisions of Section 5(b)(iv) will not apply to BNY or the
                    Counterparty.

                

        

        

        
          
            Ref
              No. 38556

            
            

          

          
            Page
              4 of
              21

            
              

            

          

          
            
            

          

        

        
          	 	
                  (i)

                	
                  The
                    “Automatic
                    Early Termination”
                    provision of Section 6(a) will not apply to BNY or to the
                    Counterparty.

                

        

        

        
          	 	
                  (j)

                	
                  Payments
                    on Early Termination.
                    For the purpose of Section 6(e):

                

        

        

        
          	 	
                  (i)

                	
                  Market
                    Quotation will apply.

                

        

         

        
          	 	
                  (ii)

                	
                  The
                    Second Method will apply. 

                

        

        

        
          	 	
                  (k)

                	
                  “Termination
                    Currency”
                    means United States Dollars. 

                

        

        

        
          	 	
                  (l)

                	
                  No
                    Additional Amounts Payable by Counterparty.
                    The Counterparty shall not be required to pay any additional
                    amounts
                    pursuant to Section 2(d)(i)(4) or
                    2(d)(ii).

                

        

        

        
          	 	
                  3)

                	
                  Tax
                    Representations. 

                

        

        

        
          	 	
                  (a)

                	
                  Payer
                    Representations.
                    For the purpose of Section 3(e), BNY and the Counterparty make
                    the
                    following representations:

                

        

        

        It
          is not
          required by any applicable law, as modified by the practice of any relevant
          governmental revenue authority, of any Relevant Jurisdiction to make any
          deduction or withholding for or on account of any Tax from any payment
          (other
          than interest under Section 2(e), 6(d)(ii) or 6(e)) to be made by it to
          the
          other party under this Agreement. In making this representation, it may
          rely on:

        

        
          	 	
                  (i)

                	
                  the
                    accuracy of any representations made by the other party pursuant
                    to
                    Section 3(f);

                

        

        

        
          	 	
                  (ii)

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

                

        

        

        
          	 	
                  (iii)

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

                

        

        

        
          	 	
                  (b)

                	
                  Payee
                    Representations.
                    For the purpose of Section 3(f), BNY and the Counterparty make
                    the
                    following representations.

                

        

         

        
          	 	
                  (i)

                	
                  The
                    following representation will apply to BNY:

                

        

        

        
          
            Ref
              No. 38556

            
            

          

          
            Page
              5 of
              21

            
              

            

          

          
            
            

          

        

        (x)
          It is
          a “U.S. person” (as that term is used in section 1.1441-4(a)(3)(ii) of the
          United States Treasury Regulations) for United States federal income tax
          purposes, (y) it is a trust company duly organized and existing under the
          laws
          of the State of New York, and (y) its U.S. taxpayer identification number
          is
          135160382. 

        

        
          	
                	(ii)	
                  The
                    following representation will apply to the
                    Counterparty:

                

        

        

        The
          beneficial owner of payments made to it under this Agreement is a “U.S. person”
(as that term is used in section 1.1441-4(a)(3)(ii) of United States Treasury
          Regulations) for United States federal income tax purposes.

      

      
        

        
          	 	
                  4)

                	
                  Documents
                    to be delivered. For the purpose of Section
                    4(a):

                

        

        

        
          	 	
                  (a)

                	
                  Tax
                    forms, documents or certificates to be delivered
                    are:

                

        

        

        
          	
                  Party
                    required to deliver document

                	
                   

                	
                  Form/Document/
                    Certificate

                	 	
                  Date
                    by which to be delivered

                	 	
                  Covered
                    by Section 3(d) Representation

                
	
                   

                	
                   

                	
                   

                	 	
                   

                	 	
                   

                
	
                  BNY
                    and Counterparty

                   

                	
                   

                	
                  Any
                    document required or
                    reasonably requested to allow the other party to make payments
                    under this
                    Agreement without any deduction or withholding for or on the
                    account of
                    any tax. 

                	 	
                  Upon
                    the execution and delivery of this Agreement 

                   

                	 	
                  Yes

                   

                

        

        

        
          	 	
                  (b)

                	
                  Other
                    documents to be delivered are:

                

        

        

        
          	
                  Party
                    required to deliver document

                	
                   

                	
                  Form/Document/
                    Certificate

                	
                   

                	
                  Date
                    by which to be delivered

                	
                   

                	
                  Covered
                    by Section 3(d) Representation

                
	
                   

                	
                   

                	
                   

                	
                   

                	
                   

                	
                   

                	
                   

                
	
                  BNY
                    

                   

                	
                   

                	
                  A
                    certificate of an authorized officer of the party, as to the
                    incumbency
                    and authority of the respective officers of the party signing
                    this
                    Agreement, any relevant Credit Support Document, or any Confirmation,
                    as
                    the case may be.

                   

                	
                   

                	
                  Upon
                    the execution and delivery of this Agreement 

                   

                	
                   

                	
                  Yes

                   

                
	
                  Counterparty
                    

                   

                	
                   

                	
                  (i)
                    a copy of the executed Pooling and Servicing Agreement and Yield
                    Maintenance Allocation Agreement, and (ii) an incumbency certificate
                    verifying the true signatures and authority of the person or
                    persons
                    signing this letter agreement on behalf of the Counterparty.

                   

                	
                   

                	
                  Upon
                    the execution and delivery of this Agreement 

                   

                	
                   

                	
                  Yes

                   

                

        

         

        
          
            Ref
              No. 38556

            
            

          

          
            Page
              6 of
              21

            
              

            

          

          
            
            

          

        

        
          	
                  BNY

                   

                	
                   

                	
                  A
                    copy of the most recent publicly available regulatory call
                    report.

                   

                	
                   

                	
                  Promptly
                    after request by the other party

                   

                	
                   

                	
                  Yes

                   

                
	
                  BNY

                	
                   

                	
                  Legal
                    Opinion as to enforceability of the Agreement.

                	
                   

                	
                  Upon
                    the execution and delivery of this Agreement.

                	
                   

                	
                  Yes

                

        

        

        
          	 	
                  5)

                	
                  Miscellaneous.
                    

                

        

        

        
          	 	
                  (a)

                	
                  Address
                    for Notices:
                    For the purposes of Section 12(a):

                

        

        

        Address
          for notices or communications to BNY:

        

        The
          Bank
          of New York

        Swaps
          and
          Derivative Products Group

        Global
          Market Division

        32
          Old
          Slip 15th Floor

        New
          York,
          New York 10286

        Attention:
          Steve Lawler

        

        with
          a
          copy to:

        

        The
          Bank
          of New York

        Swaps
          and
          Derivative Products Group

        32
          Old
          Slip 16th Floor

        New
          York,
          New York 10286

        Attention:
          Andrew Schwartz

        Tele:
          212-804-5103

        Fax:
          212-804-5818/5837

        

        (For
          all
          purposes)

        

        Address
          for notices or communications to the Counterparty:

        

        Wells
          Fargo Bank, N.A.

        P.O.
          Box
          98

        Columbia,
          Maryland 21046

        Attention:
          Corporate Trust Group, HarborView 2006-10

        

        (or
          in
          the case of overnight deliveries, 

        9062
          Old
          Annapolis Road

        Columbia,
          Maryland 21045

        Telephone:
          (410) 884-2000

        Facsimile:
          (410) 715-2380

        

        
          
            Ref
              No. 38556

            
            

          

          
            Page
              7 of
              21

            
              

            

          

          
            
            

          

        

        
          	 	
                  (b)

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

                

        

        

        BNY
          appoints as its Process Agent:  Not
          Applicable

         

        The
          Counterparty appoints as its Process Agent: Not
          Applicable

        

        
          	 	
                  (c)

                	
                  Offices.
                    The provisions of Section 10(a) will not apply to this Agreement;
                    neither
                    BNY nor the Counterparty have any Offices other than as set forth
                    in the
                    Notices Section and BNY agrees that, for purposes of Section
                    6(b), it
                    shall not in future have any Office other than one in the United
                    States.

                

        

        

        
          	 	
                  (d)

                	
                  Multibranch
                    Party.
                    For the purpose of Section 10(c):

                

        

        

        BNY
          is
          not a Multibranch Party.

         

        The
          Counterparty is not a Multibranch Party.

        

          
            	 	
                    (e)

                  	
                    Calculation
                      Agent.

                  	
                    The
                      Calculation Agent is BNY.

                  
	 	 	 	 
	 	
                    (f)

                  	
                    Credit
                      Support Document.

                  	
                    Not
                      applicable for either BNY (except with respect to credit support
                      furnished
                      pursuant to Paragraph 4(9) or the Counterparty.

                  
	 	 	 	 
	 	
                    (g)

                  	
                    Credit
                      Support Provider.

                  	 
	 	 	 	 
	 	
                     

                  	
                    BNY:

                  	Not
                    Applicable (except with respect to credit support furnished pursuant
                    to
                    Paragraph 9)
	 	 	 	 
	 	
                     

                  	
                    
                      Counterparty:

                    

                  	Not
                    Applicable

          

          
            	 	
                    (h)

                  	
                    Governing
                      Law.
                      The parties to this Agreement hereby agree that the law of
                      the State of
                      New York shall govern their rights and duties in whole, without
                      regard to
                      conflict of law provisions thereof other than New York General
                      Obligations
                      Law Sections 5-1401 and 5-1402.

                  

          

          

          
            	 	
                    (i)

                  	
                    Severability.
                      If
                      any term, provision, covenant, or condition of this Agreement,
                      or the
                      application thereof to any party or circumstance, shall be
                      held to be
                      invalid or unenforceable (in whole or in part) for any reason,
                      the
                      remaining terms, provisions, covenants, and conditions hereof
                      shall
                      continue in full force and effect as if this Agreement had
                      been executed
                      with the invalid or unenforceable portion eliminated, so long
                      as this
                      Agreement as so modified continues to express, without material
                      change,
                      the original intentions of the parties as to the subject matter
                      of this
                      Agreement and the deletion of such portion of this Agreement
                      will not
                      substantially impair the respective benefits or expectations
                      of the
                      parties. 

                  

          

          

          
            
              Ref
                No. 38556

              
              

            

            
              Page
                8 of
                21

              
                

              

            

            
              
              

            

          

          The
            parties shall endeavor to engage in good faith negotiations to replace
            any
            invalid or unenforceable term, provision, covenant or condition with
            a valid or
            enforceable term, provision, covenant or condition, the economic effect
            of which
            comes as close as possible to that of the invalid or unenforceable term,
            provision, covenant or condition.

          

          
            	 	
                    (j)

                  	
                    Recording
                      of Conversations.
                      Each party (i) consents to the recording of telephone conversations
                      between the trading, marketing and other relevant personnel
                      of the parties
                      in connection with this Agreement or any potential Transaction,
                      (ii)
                      agrees to obtain any necessary consent of, and give any necessary
                      notice
                      of such recording to, its relevant personnel and (iii) agrees,
                      to the
                      extent permitted by applicable law, that recordings may be
                      submitted in
                      evidence in any Proceedings.

                  

          

          

          
            	 	
                    (k)

                  	
                    Waiver
                      of Jury Trial.
                      Each party waives any right it may have to a trial by jury
                      in respect of
                      any Proceedings relating to this Agreement or any Credit Support
                      Document.
                      

                  

          

          

          
            	 	
                    (l)
                      

                  	
                    Non-Recourse.
                      Notwithstanding any provision herein or in the ISDA Form Master
                      Agreement
                      to the contrary, the obligations of the Counterparty hereunder
                      are limited
                      recourse obligations of the Counterparty, payable solely from
                      the Yield
                      Maintenance Trust and the proceeds thereof to satisfy the Counterparty's
                      obligations hereunder. In the event that the Yield Maintenance
                      Trust and
                      proceeds thereof should be insufficient to satisfy all claims
                      outstanding
                      and following the realization of the Yield Maintenance Trust
                      and the
                      distribution of the proceeds thereof in accordance with the
                      Yield
                      Maintenance Allocation Agreement, any claims against or obligations
                      of the
                      Counterparty under the ISDA Form Master Agreement or any other
                      confirmation thereunder, still outstanding shall be extinguished
                      and
                      thereafter not revive. This provision shall survive the expiration
                      of this
                      Agreement.

                  

          

          

          
            	 	
                    (m)

                  	
                    Limitation
                      on Institution of Bankruptcy Proceedings.
                      BNY shall not institute against or cause any other person to
                      institute
                      against, or join any other person in instituting against the
                      Counterparty,
                      any bankruptcy, reorganization, arrangement, insolvency or
                      liquidation
                      proceedings, under any of the laws of the United States or
                      any other
                      jurisdiction, for a period of one year and one day (or, if
                      longer, the
                      applicable preference period) following indefeasible payment
                      in full of
                      the Certificates. This provision shall survive the expiration
                      of this
                      Agreement.

                  

          

          

          
            
              Ref
                No. 38556

              
              

            

            
              Page
                9 of
                21

              
                

              

            

            
              
              

            

          

          
            	 	
                    (n)

                  	
                    Remedy
                      of Failure to Pay or Deliver.
                      The ISDA Form Master Agreement is hereby amended by replacing
                      the word
                      “third” in the third line of Section 5(a)(i) by the word
                      “second”.

                  

          

          

          
            	 	
                    (o)

                  	
                    “Affiliate”
                      will have the meaning specified in Section 14 of the ISDA Form
                      Master
                      Agreement, provided that the Counterparty shall not be deemed
                      to have any
                      Affiliates for purposes of this Agreement, including for purposes
                      of
                      Section 6(b)(ii).

                  

          

          

          
            	 	
                    (p)

                  	
                    Wells
                      Fargo’s
                      Capacity.
                      It is expressly understood and agreed by the parties hereto
                      that insofar
                      as this Confirmation is executed by the Administrator
                      (i) this Confirmation is executed and delivered by
                      Wells Fargo,
                      not in its individual capacity but solely as Administrator
                      pursuant to the Yield Maintenance Allocation Agreement in the
                      exercise of
                      the powers and authority conferred and vested in it thereunder
                      and
                      pursuant to instruction set forth therein and in the Pooling
                      and Servicing
                      Agreement (ii) each of the representations, undertakings and
                      agreements
                      herein made on behalf of the Yield Maintenance Trust is made
                      and intended
                      not as a personal representation, undertaking or agreement
                      of the
                      Administrator
                      but is made and intended for the purpose of binding only the
                      Counterparty,
                      and (iii) under no circumstances will Wells
                      Fargo,
                      in its individual capacity be personally liable for the payment
                      of any
                      indebtedness or expenses or be personally liable for the breach
                      or failure
                      of any obligation, representation, warranty or covenant made
                      or undertaken
                      under this Confirmation.

                  

          

          

          
            	 	
                    (q)

                  	
                    Wells
                      Fargo’s
                      Representation.
                      Wells
                      Fargo,
                      as Administrator,
                      represents and warrants that:

                  

          

          

          It
            has
            been directed under the Yield Maintenance Allocation Agreement to enter
            into
            this letter agreement as Administrator
            on
            behalf of the Counterparty.

          

          
            	 	
                    (r)

                  	
                    Amendment
                      to Yield Maintenance Allocation Agreement.
                      Notwithstanding any provisions to the contrary in the Yield
                      Maintenance
                      Allocation Agreement, none of the Administrator, Depositor,
                      Seller, or the
                      Trustee shall enter into any amendment thereto which could
                      have a material
                      adverse affect on BNY without the prior written consent of
                      BNY.

                  

          

          
            	 	
                    6)

                  	
                    Additional
                      Representations.
                      Section
                      3 is hereby amended by adding, at the end thereof, the following
                      Sections
                      3(g) and 3(h):

                  

          

          

          
            	 	
                    “(g)

                  	
                    Relationship
                      Between Parties.
                      

                  

          

          

          
            	 	
                    (1)

                  	
                    Nonreliance.
                      It
                      is not relying on any statement or representation of the other
                      party
                      regarding the Transaction (whether written or oral), other
                      than the
                      representations expressly made in this Agreement or the Confirmation
                      in
                      respect of that Transaction.

                  

          

          

          
            
              Ref
                No. 38556

              
              

            

            
              Page
                10
                of 21

              
                

              

            

            
              
              

            

          

          
            	
                  	(2)	
                    Evaluation
                      and Understanding.
                      

                  

          

          

          
            	 	
                    (i)

                  	
                    Each
                      Party acknowledges that Wells
                      Fargo,
                      has been directed under the Yield Maintenance Allocation Agreement
                      to
                      enter into this Transaction as Administrator
                      on
                      behalf of the Counterparty.

                  

          

          

          
            	 	
                    (ii)
                      

                  	
                    It
                      is acting for its own account and has the capacity to evaluate
                      (internally
                      or through independent professional advice) the Transaction
                      and has made
                      its own decision to enter into the Transaction; it is not relying
                      on any
                      communication (written or oral) of the other party as investment
                      advice or
                      as a recommendation to enter into such transaction; it being
                      understood
                      that information and explanations related to the terms and
                      conditions of
                      such transaction shall not be considered investment advice
                      or a
                      recommendation to enter into such transaction. No communication
                      (written
                      or oral) received from the other party shall be deemed to be
                      an assurance
                      or guarantee as to the expected results of the transaction;
                      and

                  

          

          

          
            	 	
                    (iii)

                  	
                    It
                      understands the terms, conditions and risks of the Transaction
                      and is
                      willing and able to accept those terms and conditions and to
                      assume (and
                      does, in fact assume) those risks, financially and otherwise.
                      

                  

          

          

          
            	 	
                    (3)

                  	
                    Principal.
                      The
                      other party is not acting as a fiduciary or an advisor for
                      it in respect
                      of this Transaction.

                  

          

          

          
            	 	
                    (h)

                  	
                    Exclusion
                      from Commodities Exchange Act.
                      (A)
                      It is an “eligible contract participant” within the meaning of Section
                      1a(12) of the Commodity Exchange Act, as amended; (B) this
                      Agreement and
                      each Transaction is subject to individual negotiation by such
                      party; and
                      (C) neither this Agreement nor any Transaction will be executed
                      or traded
                      on a “trading facility” within the meaning of Section 1a(33) of the
                      Commodity Exchange Act, as amended.

                  

          

          

          
            	 	
                    7)

                  	
                    Set-off.
                      Notwithstanding any provision of this Agreement or any other
                      existing or
                      future agreement (but without limiting the provisions of Section
                      2(c) and
                      Section 6, except as provided in the next sentence), each party
                      irrevocably waives any and all rights it may have to set off,
                      net, recoup
                      or otherwise withhold or suspend or condition payment or performance
                      of
                      any obligation between it and the other party hereunder against
                      any
                      obligation between it and the other party under any other agreements.
                      The
                      last sentence of the first paragraph of Section 6(e) shall
                      not apply for
                      purposes of this Transaction.

                  

          

          

          
            
              Ref
                No. 38556

              
              

            

            
              Page
                11
                of 21

              
                

              

            

            
              
              

            

          

          
            	 	
                    8)

                  	
                    Additional
                      Termination Events.
                      The following Additional Termination Events will apply, in
                      each case with respect to BNY as the sole Affected Party (unless
                      otherwise
                      provided below): 

                  

          

           

          (i) Downgrade.
            BNY
            fails to comply with the Downgrade Provisions as set forth in Paragraph
            4(9).
            BNY shall be the sole Affected Party.

           

          (ii) Provision
            of Information Required by Regulation AB.
            BNY
            shall fail to comply with the provisions of Paragraph 4(10) below within
            the
            time provided for therein. BNY shall be the sole Affected Party.

           

          
            	 	
                    9)

                  	
                    Ratings
                      Downgrade. For
                      purposes of each Transaction:

                  

          

          

            (i) Certain
              Definitions.

             

            (A) “Rating
              Agency Condition”
means,
              with respect to any particular proposed act or omission to act hereunder,
              that
              the Trustee shall have received prior written confirmation from each
              of the
              applicable Rating Agencies, and shall have provided notice thereof
              to BNY, that
              the proposed action or inaction would not cause a downgrade or withdrawal
              of
              their then-current ratings of the Certificates.

             

            (B) “Qualifying
              Ratings”
means,
              with respect to the debt of any assignee or guarantor under Paragraph
              4(9)(ii)
              below, 

             

            (x) a
              short-term unsecured and unsubordinated debt rating of “P-1” (not on watch for
              downgrade), and a long-term unsecured and unsubordinated debt of ”A1” (not on
              watch for downgrade) (or, if it has no short-term unsecured and unsubordinated
              debt rating, a long term rating of “Aa3” (not on watch for downgrade) by
              Moody’s, and 

             

            (y) a
              short-term unsecured and unsubordinated debt rating of “A-1” by S&P or a
              long-term unsecured and unsubordinated debt rating of “A+” by
              S&P.

             

            (C) A
              “Collateralization
              Event”
shall
              occur with respect to BNY (or any applicable credit support provider)
              if:

             

            (x) its
              short-term unsecured and unsubordinated debt rating is reduced to “P-1” (and is
              on watch for downgrade) or below, and its long-term unsecured and unsubordinated
              debt is reduced to ”A1” (and is on watch for downgrade) or below (or, if it has
              no short-term unsecured and unsubordinated debt rating, its long term
              rating is
              reduced to “Aa3” (and is on watch for downgrade) or below) by Moody’s,
              or

             

            
              
                Ref
                  No. 38556

                
                

              

              
                Page
                  12
                  of 21

                
                  

                

              

              
                
                

              

            

            (y) its
              short-term unsecured and unsubordinated debt rating is reduced below
“A-1” or
              its long-term unsecured and unsubordinated debt rating of “A+” by
              S&P.

             

            (D) A
              “Ratings
              Event”
shall
              occur with respect to BNY (or any applicable credit support provider)
              if:

             

            (x) its
              short-term unsecured and unsubordinated debt rating is withdrawn or
              reduced to
“P-2” or below by Moody’s and its long-term unsecured and unsubordinated debt is
              reduced to “A3” or below (or, if it has no short-term unsecured and
              unsubordinated debt rating, its long term rating is reduced to “A2” or below) by
              Moody’s, or

             

            (y) its
              long-term unsecured and unsubordinated debt rating is withdrawn or
              reduced below
“BBB-” by S&P.

             

            For
              purposes of (C) and (D) above, such events include those occurring
              in connection
              with a merger, consolidation or other similar transaction by BNY or
              any
              applicable credit support provider, but they shall be deemed not to
              occur if,
              within thirty (30) days (or, in the case of a Ratings Event, ten (10)
              Business
              Days) thereafter, each of the applicable Rating Agencies has reconfirmed
              the
              ratings of the Certificates, as applicable, which were in effect immediately
              prior thereto. For the avoidance of doubt, a downgrade of the rating
              on the
              Certificates could occur in the event that BNY does not post sufficient
              collateral.

             

            (ii) Actions
              to be Taken Upon Occurrence of Event.
              Subject, in each case set forth in (A) and (B) below, to satisfaction
              of the
              Rating Agency Condition:

             

            (A) Collateralization
              Event.
              If a
              Collateralization Event occurs with respect to BNY (or any applicable
              credit
              support provider), then BNY shall, at its own expense, within thirty
              (30) days
              of such Collateralization Ratings Event:

             

            (1) post
              collateral under agreements and other instruments approved by the Counterparty,
              such approval not to be unreasonably withheld, which will be sufficient
              to
              restore the immediately prior ratings of the Certificates,

             

            (2) assign
              the Transaction to a third party, the ratings of the debt of which
              (or of the
              guarantor of which) meet or exceed the Qualifying Ratings, on terms
              substantially similar to this Confirmation, which party is approved
              by the
              Counterparty, such approval not to be unreasonably withheld,

             

            (3) obtain
              a
              guaranty of, or a contingent agreement of, another person, the ratings
              of the
              debt of which (or of the guarantor of which) meet or exceed the Qualifying
              Ratings, to honor BNY’s obligations under this Agreement, provided
              that
              such
              other person is approved by the Counterparty, such approval not to
              be
              unreasonably withheld, or

             

            
              
                Ref
                  No. 38556

                
                

              

              
                Page
                  13
                  of 21

                
                  

                

              

              
                
                

              

            

            (4) establish
              any other arrangement approved by the Counterparty, such approval not
              to be
              unreasonably withheld, which will be sufficient to restore the immediately
              prior
              ratings of their Certificates.

             

            (B) Ratings
              Event.
              If a
              Ratings Event occurs with respect to BNY (or any applicable credit
              support
              provider), then BNY shall, at its own expense, within ten (10) Business
              Days of
              such Ratings Event:

             

            (1) assign
              the Transaction to a third party, the ratings of the debt of which
              (or of the
              guarantor of which) meet or exceed the Qualifying Ratings, on terms
              substantially similar to this Confirmation, which party is approved
              by the
              Counterparty, such approval not to be unreasonably withheld,

             

            (2) obtain
              a
              guaranty of, or a contingent agreement of, another person, the ratings
              of the
              debt of which (or of the guarantor of which) meet or exceed the Qualifying
              Ratings, to honor BNY’s obligations under this Agreement, provided
              that
              such
              other person is approved by the Counterparty, such approval not to
              be
              unreasonably withheld, or

             

            (3) establish
              any other arrangement approved by the Counterparty, such approval not
              to be
              unreasonably withheld, which will be sufficient to restore the immediately
              prior
              ratings of the Certificates.

            
              

              
                	 	
                        10)

                      	
                        Compliance
                          with Regulation AB.
                          

                      

              

              

              
                	 	
                        (a)

                      	
                        It
                          shall be a swap disclosure event (“Swap
                          Disclosure Event”)
                          if, at any time after the date hereof, the Administrator
                          (acting on behalf
                          of the Depositor or the Sponsor) notifies BNY that the
                          aggregate
                          “significance percentage” (calculated in accordance with the provisions of
                          Item 1115 of Regulation AB) of all derivative instruments
                          provided by BNY
                          and any of its affiliates to Counterparty (collectively,
                          the “Aggregate
                          Significance Percentage”)
                          is 10% or more. 

                      

              

              

              
                	 	
                        (b)

                      	
                        Upon
                          the occurrence of a Swap Disclosure Event, BNY, at its
                          own cost and
                          expense (and without any expense or liability to the Depositor,
                          the
                          Sponsor, the Underwriters, the Depositor, the Trustee,
                          the Trust Fund, the
                          Administrator or the Yield Maintenance Trust), shall take
                          one of the
                          following actions: (i) provide to the Sponsor and the Depositor:
                          (x) if
                          the Aggregate Significance Percentage is 10% or more, but
                          less than 20%,
                          the information required under Item 1115(b)(1) of Regulation
                          AB or (y) if
                          the Aggregate Significance Percentage is 20% or more, within
                          five (5)
                          Business Days, the information required under Item 1115(b)(2)
                          of
                          Regulation AB; or (ii) assign its rights and delegate its
                          obligations
                          under the Transaction to a counterparty with the rating
                          of debt of which
                          meet or exceed the Qualifying Ratings (and which satisfies
                          the Rating
                          Agency Condition), that (x) provides the information specified
                          in clause
                          (i) above to the Depositor and Sponsor and (y) enters into
                          documentation
                          substantially similar to the documentation then in place
                          between BNY and
                          the Counterparty. 

                      

              

              

              
                
                  Ref
                    No. 38556

                  
                  

                

                
                  Page
                    14
                    of 21

                  
                    

                  

                

                
                  
                  

                

              

              
                	 	
                        (c)

                      	
                        For
                          so long as the Aggregate Significance Percentage is 10%
                          or more, BNY shall
                          provide any updates to the information provided pursuant
                          to clause (b)
                          above to the Sponsor and the Depositor within five (5)
                          Business Days
                          following availability thereof (but in no event more than
                          45 days after
                          the end of each of BNY’s fiscal quarter for any quarterly update, and in
                          no even more than 90 days after the end of each of BNY’s fiscal year for
                          any annual update). 

                      

              

              

              
                	 	
                        (d)

                      	
                        All
                          information provided pursuant to clauses (b) and (c) shall
                          be in a form
                          suitable for conversion to the format required for filing
                          by the Depositor
                          with the Commission via the Electronic Data Gathering and
                          Retrieval System
                          (EDGAR). In addition, any such information, if audited,
                          shall be
                          accompanied by any necessary auditor’s consents or, if such information is
                          unaudited, shall be accompanied by an appropriate agreed-upon
                          procedures
                          letter from BNY’s accountants. If permitted by Regulation AB, any such
                          information may be provided by reference to or incorporation
                          by reference
                          from reports filed pursuant to the Exchange
                          Act.

                      

              

              

              
                	 	
                        11)

                      	
                        Additional
                          Provisions.
                          Notwithstanding the terms of Sections 5 and 6 of the ISDA
                          Form Master
                          Agreement, if the Counterparty has satisfied its payment
                          obligations under
                          Section 2(a)(i) of the ISDA Form Master Agreement, and
                          shall, at the time,
                          have no future payment or delivery obligation, whether
                          absolute or
                          contingent, then unless BNY is required pursuant to appropriate
                          proceedings to return to the Counterparty or otherwise
                          returns to the
                          Counterparty upon demand of the Counterparty any portion
                          of such payment,
                          (a) the occurrence of an event described in Section 5(a)
                          of the ISDA Form
                          Master Agreement with respect to the Counterparty shall
                          not constitute an
                          Event of Default or Potential Event of Default with respect
                          to the
                          Counterparty as the Defaulting Party and (b) BNY shall
                          be entitled to
                          designate an Early Termination Date pursuant to Section
                          6 of the ISDA Form
                          Master Agreement only as a result of a Termination Event
                          set forth in
                          either Section 5(b)(i) or Section 5(b)(ii) of the ISDA
                          Form Master
                          Agreement with respect to BNY as the Affected Party or
                          Section 5(b)(iii)
                          of the ISDA Form Master Agreement with respect to BNY as
                          the Burdened
                          Party. 

                      

              

              

              
                	 	
                        12)
                          

                      	
                        BNY Payments
                          to be made to Wells
                          Fargo in its capacity as Administrator.
                          BNY will, unless otherwise directed by the Administrator,
                          make all payments hereunder to Wells
                          Fargo in its capacity as Administrator.
                          Payment made to Wells
                          Fargo
                          at
                          the account specified herein or to another account specified
                          in writing by
                          Wells
                          Fargo
                          shall satisfy the payment obligations of BNY hereunder
                          to the extent of
                          such payment.

                      

              

              

              
                
                  Ref
                    No. 38556

                  
                  

                

                
                  Page
                    15
                    of 21

                  
                    

                  

                

                
                  
                  

                

              

              
                	
                        5.

                      	
                        Account
                          Details and Settlement
                          Information:

                      

              

              

              Payments
                to BNY:

              

              The
                Bank
                of New York

              Derivative
                Products Support Department 

              32
                Old
                Slip, 16th
                Floor

              New
                York,
                New York 10286

              Attention:
                Renee Etheart

              ABA
                #021000018

              Account
                #890-0068-175

              Reference:
                Interest Rate Swap

              

              Payments
                to Counterparty:

              

              Wells
                Fargo Bank, N.A.

              ABA#:
                121-000-248

              Account
                Name: SAS CLEARING 

              Account
                Number: 3970771416 

              For
                further credit to: HarborView 2006-10, Account # 50963902

              

              
                	6.	
                        Counterparts.
                          This Agreement may be executed in several counterparts,
                          each of which
                          shall be deemed an original but all of which together shall
                          constitute one
                          and the same instrument.

                      

              

              

              
                
                  Ref
                    No. 38556

                  
                  

                

                
                  Page
                    16
                    of 21

                  
                    

                  

                

                
                  
                  

                

              

              Please
                confirm that the foregoing correctly sets forth the terms of our
                agreement by
                executing this agreement and returning it via facsimile to Derivative
                Products
                Support Dept., Attn: Kenny Au-Yeung at 212-804-5818/5837. Once we
                receive this
                we will send you two original confirmations for
                execution.

            

          

        

        
          
            Ref
              No. 38556

            
            

          

          
            Page
              17
              of 21

            
              

            

          

          
            
            

          

        

      

      
        We
          are
          very pleased to have executed this Transaction with you and we look forward
          to
          completing other transactions with you in the near future.

        

        Very
          truly yours,

        

        THE
          BANK OF NEW YORK

        

        

        
          By: 
            /s/ Stephen M. Lawler

          Name:
            Stephen M. Lawler

          Title:
            Managing Director

        
          
            Ref
              No. 38556

            
            

          

          
            Page
              18
              of 21

            
              

            

          

          
            
            

          

        

        The
          Counterparty, acting through its duly authorized signatory, hereby agrees
          to,
          accepts and confirms the terms of the foregoing as of the Trade
          Date.

        

        

        HARBORVIEW
          MORTGAGE LOAN TRUST 2006-10

        BY:
          WELLS FARGO BANK, N.A., NOT INDIVIDUALLY, BUT SOLELY AS ADMINISTRATOR ON
          BEHALF
          OF HARBORVIEW
          MORTGAGE LOAN TRUST 2006-10

        

        

        By: 
          /s/ Graham Oglesby

        Name:
          Graham Oglesby

        Title:
          Assistant Vice President

        

        
          
            Ref
              No. 38556

            
            

          

          
            Page
              19
              of 21

            
              

            

          

          
            
            

          

        

        SCHEDULE
          I

        

        All
          dates
          subject to adjustment in accordance with the Following Business Day Convention.

         

        
          	
                  Accrual
                    Start Date

                	
                  Accrual
                    End Date

                	
                  Notional
                    Amount (in USD)

                	
                  Cap
                    Rate (%)

                	
                  Ceiling
                    (%)

                
	
                  03/19/10
                    

                	
                  04/19/10
                    

                	
                  448,786,001.40

                	
                  4.5548

                	
                  4.8891

                
	
                  04/19/10
                    

                	
                  05/19/10
                    

                	
                  423,650,846.20

                	
                  4.5763

                	
                  4.9304

                
	
                  05/19/10
                    

                	
                  06/19/10
                    

                	
                  407,601,481.10

                	
                  4.6059

                	
                  4.9739

                
	
                  06/19/10
                    

                	
                  07/19/10
                    

                	
                  392,165,512.60

                	
                  4.6411

                	
                  5.0236

                
	
                  07/19/10
                    

                	
                  08/19/10
                    

                	
                  377,278,708.80

                	
                  4.6817

                	
                  5.0793

                
	
                  08/19/10
                    

                	
                  09/19/10
                    

                	
                  362,918,283.10

                	
                  4.4123

                	
                  5.1397

                
	
                  09/19/10
                    

                	
                  10/19/10
                    

                	
                  349,111,627.80

                	
                  4.4425

                	
                  5.1987

                
	
                  10/19/10
                    

                	
                  11/19/10
                    

                	
                  328,342,240.00

                	
                  4.4647

                	
                  5.2687

                
	
                  11/19/10
                    

                	
                  12/19/10
                    

                	
                  316,051,589.60

                	
                  4.5114

                	
                  5.3467

                
	
                  12/19/10
                    

                	
                  01/19/11
                    

                	
                  304,243,793.10

                	
                  4.5563

                	
                  5.4241

                
	
                  01/19/11
                    

                	
                  02/19/11
                    

                	
                  292,900,224.30

                	
                  4.6008

                	
                  5.5021

                
	
                  02/19/11
                    

                	
                  03/19/11
                    

                	
                  282,001,833.80

                	
                  4.6534

                	
                  5.5896

                
	
                  03/19/11
                    

                	
                  04/19/11
                    

                	
                  271,534,085.70

                	
                  4.6534

                	
                  5.6833

                
	
                  04/19/11
                    

                	
                  05/19/11
                    

                	
                  254,392,780.10

                	
                  4.7111

                	
                  5.7858

                
	
                  05/19/11
                    

                	
                  06/19/11
                    

                	
                  245,143,126.30

                	
                  4.7480

                	
                  6.7210

                
	
                  06/19/11
                    

                	
                  07/19/11
                    

                	
                  236,216,172.30

                	
                  4.8142

                	
                  6.6281

                
	
                  07/19/11
                    

                	
                  08/19/11
                    

                	
                  227,562,518.10

                	
                  4.8792

                	
                  6.5384

                
	
                  08/19/11
                    

                	
                  09/19/11
                    

                	
                  219,202,638.10

                	
                  4.8407

                	
                  6.4336

                
	
                  09/19/11
                    

                	
                  10/19/11
                    

                	
                  211,172,490.50

                	
                  4.8335

                	
                  6.3505

                
	
                  10/19/11
                    

                	
                  11/19/11
                    

                	
                  196,402,651.00

                	
                  4.8068

                	
                  6.4765

                
	
                  11/19/11
                    

                	
                  12/19/11
                    

                	
                  189,335,632.30

                	
                  4.7957

                	
                  6.5977

                
	
                  12/19/11
                    

                	
                  01/19/12
                    

                	
                  182,560,497.20

                	
                  4.7825

                	
                  6.7264

                
	
                  01/19/12
                    

                	
                  02/19/12
                    

                	
                  176,062,418.40

                	
                  4.7673

                	
                  6.8457

                
	
                  02/19/12
                    

                	
                  03/19/12
                    

                	
                  169,828,771.40

                	
                  4.7500

                	
                  6.9642

                
	
                  03/19/12
                    

                	
                  04/19/12
                    

                	
                  163,848,246.10

                	
                  4.7304

                	
                  7.0787

                
	
                  04/19/12
                    

                	
                  05/19/12
                    

                	
                  152,030,360.90

                	
                  4.6829

                	
                  7.2042

                
	
                  05/19/12
                    

                	
                  06/19/12
                    

                	
                  146,815,085.40

                	
                  4.6579

                	
                  7.3228

                
	
                  06/19/12
                    

                	
                  07/19/12
                    

                	
                  141,810,089.90

                	
                  4.6304

                	
                  7.4398

                
	
                  07/19/12
                    

                	
                  08/19/12
                    

                	
                  136,972,679.20

                	
                  4.6000

                	
                  7.5444

                

        

         

        
          
            Ref
              No. 38556

            
            

          

          
            Page
              20
              of 21

            
              

            

          

          
            
            

          

        

        
          	 	 	 	 	 
	
                  08/19/12
                    

                	
                  09/19/12
                    

                	
                  132,303,439.50

                	
                  4.5672

                	
                  7.6627

                
	
                  09/19/12
                    

                	
                  10/19/12
                    

                	
                  127,817,364.90

                	
                  4.5339

                	
                  7.7601

                
	
                  10/19/12
                    

                	
                  11/19/12
                    

                	
                  118,993,765.20

                	
                  4.4697

                	
                  7.8726

                
	
                  11/19/12
                    

                	
                  12/19/12
                    

                	
                  115,089,130.70

                	
                  4.4361

                	
                  7.9772

                
	
                  12/19/12
                    

                	
                  01/19/13
                    

                	
                  111,344,096.10

                	
                  4.4027

                	
                  8.0751

                
	
                  01/19/13
                    

                	
                  02/19/13
                    

                	
                  107,751,449.00

                	
                  4.3697

                	
                  8.1704

                
	
                  02/19/13
                    

                	
                  03/19/13
                    

                	
                  104,301,153.70

                	
                  4.3369

                	
                  8.2594

                
	
                  03/19/13
                    

                	
                  04/19/13
                    

                	
                  100,990,424.00

                	
                  4.3046

                	
                  8.3329

                
	
                  04/19/13
                    

                	
                  05/19/13
                    

                	
                  93,470,567.42

                	
                  4.2249

                	
                  8.4078

                
	
                  05/19/13
                    

                	
                  06/19/13
                    

                	
                  90,420,984.96

                	
                  4.1904

                	
                  8.4836

                
	
                  06/19/13
                    

                	
                  07/19/13
                    

                	
                  87,486,006.27

                	
                  4.1562

                	
                  8.5647

                
	
                  07/19/13
                    

                	
                  08/19/13
                    

                	
                  84,644,272.70

                	
                  4.1222

                	
                  8.6431

                
	
                  08/19/13
                    

                	
                  09/19/13
                    

                	
                  81,895,052.66

                	
                  4.0882

                	
                  8.6952

                
	
                  09/19/13
                    

                	
                  10/19/13
                    

                	
                  79,245,390.13

                	
                  4.0536

                	
                  8.7331

                

        

        

        
          
            Ref
              No. 38556

            
            

          

          
            Page
              21
              of 21

            
              

            

          

          
            
            

          

        

      

    

    EXHIBIT
      X

     

    LIST
      OF ORIGINATORS AND PURCHASE AGREEMENTS

     

    
      	
              1.

            	
              BankUnited,
                FSB

            

    

     

    
      	 	
              (a)

            	
              Master
                Mortgage Loan Purchase and Interim Servicing Agreement dated as of
                December 1, 2005, as amended by that certain Amendment Number One
                dated
                February 1, 2006 and further amended by that certain Amendment Number
                Two
                dated June 1, 2006, between Greenwich Capital Financial Products,
                Inc.
                (“GCFP”)
                and BankUnited, FSB. 

            

    

     

    
      	
              2.

            	
              ComUnity
                Lending, Inc.

            

    

     

    
      	 	
              (a)

            	
              Master
                Mortgage Loan Purchase and Interim Servicing Agreement dated as of
                April
                1, 2005, as amended by that certain Amendment Number One dated as
                of May
                1, 2006, between GCFP and ComUnity Lending,
                Inc.

            

    

     

    
      	 	
              (b)

            	
              Master
                Mortgage Loan Purchase and Interim Servicing Agreement dated as of
                March
                1, 2006, as amended by that certain Amendment Number One dated as
                of May
                1, 2006 and further amended by that certain Amendment Number Two
                dated as
                of October 9, 2006, between GCFP and ComUnity Lending,
                Inc.

            

    

     

    
      	
              3.

            	
              First
                Federal Bank of California

            

    

     

    
      	 	
              (a)

            	
              Master
                Mortgage Loan Purchase and Interim Servicing Agreement dated as of
                March
                1, 2006, as amended by that certain Amendment Number One dated as
                of
                October 2, 2006, between GCFP and First Federal Bank of
                California.

            

    

     

    
      	
              4.

            	
              Just
                Mortgage, Inc.

            

    

     

    
      	 	
              (a)

            	
              Master
                Mortgage Loan Purchase and Interim Servicing Agreement dated as of
                March
                1, 2006 as amended by that certain Amendment Number One dated as
                of June
                1, 2006, between GCFP and Just Mortgage,
                Inc.

            

    

     

    
      	
              5.

            	
              Loan
                Center of California, Inc.

            

    

     

    
      	 	
              (a)

            	
              Master
                Mortgage Loan Purchase and Interim Servicing Agreement dated as of
                April
                1, 2005, as amended by that certain Amendment Number One dated as
                of
                October 2, 2006, between GCFP and Loan Center of California,
                Inc.

            

    

     

    
      	 	
              (b)

            	
              Master
                Mortgage Loan Purchase and Interim Servicing Agreement dated as of
                November 1, 2005, as amended by that certain Amendment Number One
                dated as
                of May 1, 2006 and further amended by that certain Amendment Number
                Two
                dated as of October 9, 2006, between GCFP and Loan Center of California,
                Inc.

            

    

     

    
      	
              6.

            	
              Loan
                Link Financial Services

            

    

     

    
      
        
        

      

      
        X-1

        
          

        

      

      
        
        

      

    

     

    
      	 	
              (a)

            	
              Master
                Mortgage Loan Purchase and Interim Servicing Agreement dated as of
                February 1, 2005, as amended, between GCFP and Loan Link Financial
                Services. 

            

    

     

    
      	 	
              (b)

            	
              Master
                Mortgage Loan Purchase and Interim Servicing Agreement dated as of
                December 1, 2005, as amended by that certain Amendment Number One
                dated as
                of October 2, 2006, between GCFP and Loan Link Financial
                Services.

            

    

     

    
      	
              7.

            	
              Metrocities
                Mortgage LLC 

            

    

     

    
      	 	
              (a)

            	
              Master
                Mortgage Loan Purchase and Interim Servicing Agreement dated as of
                November 1, 2005, as amended by that certain Amendment Number One
                dated as
                of May 1, 2006, between GCFP and Metrocities Mortgage
                LLC.

            

    

     

    
      	
              8.

            	
              NetBank

            

    

     

    
      	 	
              (a)

            	
              Master
                Mortgage Loan Purchase and Interim Servicing Agreement dated as of
                June
                28, 2005, as amended by that certain Amendment No. 1 dated as of
                November
                1, 2005, between GCFP and NetBank.

            

    

     

    
      	 	
              (b)

            	
              Master
                Mortgage Loan Purchase and Interim Servicing Agreement dated as of
                January
                1, 2006, as amended by that certain Amendment Number One dated as
                of
                November 6, 2006, between GCFP and
                NetBank.

            

    

     

    
      	
              9.

            	
              New
                Century Mortgage Corporation

            

    

     

    
      	 	
              (a)

            	
              Master
                Mortgage Loan Purchase and Interim Servicing Agreement dated as of
                May 1,
                2006, as amended by that certain Amendment Number One dated as of
                October
                2, 2006 between GCFP and New Century Mortgage
                Corporation.

            

    

     

    
      	
              10.

            	
              Paul
                Financial, LLC

            

    

     

    
      	 	
              (a)

            	
              Master
                Mortgage Loan Purchase and Interim Servicing Agreement dated as of
                January
                1, 2004, as amended by that certain Amendment Number One dated as
                of
                February 1, 2005, Amendment Number Two dated as of September 1, 2005
                and
                Amendment Number Three dated as of May 1, 2006, between GCFP and
                Paul
                Financial, LLC. 

            

    

     

    
      	 	
              (b)

            	
              Master
                Mortgage Loan Purchase and Interim Servicing Agreement dated as of
                November 1, 2005, as amended by that certain Amendment Number One
                dated as
                of May 1, 2006 and further amended by that certain Amendment Number
                Two
                dated as of October 9, 2006, between GCFP and Paul Financial,
                LLC.

            

    

     

    
      	
              11.

            	
              Pinnacle
                Financial Corporation

            

    

     

    
      	 	
              (a)

            	
              Master
                Mortgage Loan Purchase and Interim Servicing Agreement dated as of
                May 1,
                2006, as amended by that certain Amendment Number One dated as of
                June 1,
                2006 and as amended by that certain Amendment Number Two dated as
                of
                October 2, 2006, between GCFP and Pinnacle Financial
                Corporation.

            

    

     

    
      
        
        

      

      
        X-2

        
          

        

      

      
        
        

      

    

     

    
      	
              12.

            	
              Plaza
                Home Mortgage, Inc.

            

    

     

    
      	 	
              (a)

            	
              Master
                Mortgage Loan Purchase and Interim Servicing Agreement dated as of
                November 1, 2005, as amended by that certain Amendment Number One
                dated as
                of May 1, 2006, between GCFP and Plaza Home Mortgage,
                Inc.

            

    

     

    
      	
              13.

            	
              Residential
                Mortgage Capital

            

    

     

    
      	 	
              (a)

            	
              Master
                Mortgage Loan Purchase and Interim Servicing Agreement dated as of
                October
                1, 2004, as amended by that certain Amendment Number One dated as
                of May
                1, 2006, between GCFP and Residential Mortgage
                Capital.

            

    

     

    
      	 	
              (b)

            	
              Master
                Mortgage Loan Purchase and Interim Servicing Agreement dated as of
                November 1, 2005, as amended by that certain Amendment Number One
                dated as
                of May 1, 2006 and further amended by that certain Amendment Number
                Two
                dated as of October 9, 2006, between GCFP and Residential Mortgage
                Capital.

            

    

     

    
      	
              14.

            	
              NL
                Inc. dba Residential Pacific
                Mortgage

            

    

     

    
      	 	
              (a)

            	
              Master
                Mortgage Loan Purchase and Interim Servicing Agreement dated as of
                August
                1, 2005, as amended by that certain Amendment Number One dated as
                of May
                1, 2006, between GCFP and NL Inc. dba Residential Pacific
                Mortgage.

            

    

     

    
      	 	
              (b)

            	
              Master
                Mortgage Loan Purchase and Interim Servicing Agreement dated as of
                March
                1, 2006, as amended by that certain Amendment Number One dated as
                of May
                1, 2006 and further amended by that certain Amendment Number Two
                dated as
                of June 1, 2006, between GCFP and NL Inc. dba Residential Pacific
                Mortgage.

            

    

     

    
      	
              15.

            	
              Sierra
                Pacific Mortgage Co., Inc.

            

    

     

    
      	 	
              (a)

            	
              Master
                Mortgage Loan Purchase and Interim Servicing Agreement dated as of
                July 1,
                2003, as amended by that certain Amendment Number One dated as of
                February
                23, 2005, Amendment Number Two dated as of October 1, 2005 and Amendment
                Number Three dated as of May 1, 2006, between GCFP and Sierra Pacific
                Mortgage Co., Inc.

            

    

     

     

    

    
      
        
          
          

        

        
          X-3

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      Y

     

    FINANCIAL
      GUARANTY INSURANCE POLICY

     

    

    
      
        
          
          

        

        
          Y-1

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      Z

     

    LIST
      OF SUPPORTED ORIGINATORS

     

    
      	
              1.

            	
              ComUnity
                Lending, Inc.

            

    

     

    
      	
              2.

            	
              First
                Federal Bank of California

            

    

     

    
      	
              3.

            	
              Just
                Mortgage, Inc.

            

    

     

    
      	
              4.

            	
              Loan
                Center of California, Inc.

            

    

     

    
      	
              5.

            	
              Loan
                Link Financial Services

            

    

     

    
      	
              6.

            	
              NetBank

            

    

     

    
      	
              7.

            	
              New
                Century Mortgage Corporation

            

    

     

    
      	
              8.

            	
              Pinnacle
                Financial Corporation

            

    

     

    
      	
              9.

            	
              NL
                Inc. dba Residential Pacific
                Mortgage

            

    

     

    
      	
              10.

            	
              Sierra
                Pacific Mortgage Co., Inc.

            

    

     

    

     

    

     

    

    
      
        
          
          

        

        
          Z-1

          
            

          

        

        
          
          

        

      

    

    

    SCHEDULE
      I

     

    MORTGAGE
      LOAN SCHEDULE

     

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

     

    

      SCHEDULE
        II

       

      FINAL
        MATURITY RESERVE SCHEDULE

       

      

       

      
        	
                Distribution
                  Date:

              	
                Aggregate
                  Principal Balance ($):

              
	
                November
                  2016

              	
                $117,407,689.77

              
	
                December
                  2016

              	
                115,637,727.97

              
	
                January
                  2017

              	
                113,893,886.08

              
	
                February
                  2017

              	
                112,175,782.77

              
	
                March
                  2017

              	
                110,483,042.26

              
	
                April
                  2017

              	
                108,815,294.24

              
	
                May
                  2017

              	
                107,172,173.76

              
	
                June
                  2017

              	
                105,553,321.17

              
	
                July
                  2017

              	
                103,958,382.05

              
	
                August
                  2017

              	
                102,387,007.13

              
	
                September
                  2017

              	
                100,838,852.18

              
	
                October
                  2017

              	
                99,313,578.01

              
	
                November
                  2017

              	
                97,810,850.32

              
	
                December
                  2017

              	
                96,330,339.69

              
	
                January
                  2018

              	
                94,871,721.49

              
	
                February
                  2018

              	
                93,434,675.78

              
	
                March
                  2018

              	
                92,018,887.26

              
	
                April
                  2018

              	
                90,624,045.25

              
	
                May
                  2018

              	
                89,249,843.57

              
	
                June
                  2018

              	
                87,895,980.44

              
	
                July
                  2018

              	
                86,562,158.53

              
	
                August
                  2018

              	
                85,248,084.80

              
	
                September
                  2018

              	
                83,953,470.47

              
	
                October
                  2018

              	
                82,678,030.95

              
	
                November
                  2018

              	
                81,421,485.78

              
	
                December
                  2018

              	
                80,183,558.60

              
	
                January
                  2019

              	
                78,963,977.05

              
	
                February
                  2019

              	
                77,762,472.73

              
	
                March
                  2019

              	
                76,578,781.14

              
	
                April
                  2019

              	
                75,412,641.62

              
	
                May
                  2019

              	
                74,263,797.29

              
	
                June
                  2019

              	
                73,131,995.04

              
	
                July
                  2019

              	
                72,016,985.41

              
	
                August
                  2019

              	
                70,918,522.57

              
	
                September
                  2019

              	
                69,836,364.27

              
	
                October
                  2019

              	
                68,770,271.77

              
	
                November
                  2019

              	
                67,720,009.82

              
	
                December
                  2019

              	
                66,685,346.56

              
	
                January
                  2020

              	
                65,666,053.54

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                Distribution
                  Date:

              	
                Aggregate
                  Principal Balance ($):

              
	
                February
                  2020

              	
                64,661,905.61

              
	
                March
                  2020

              	
                63,672,680.89

              
	
                April
                  2020

              	
                62,698,160.75

              
	
                May
                  2020

              	
                61,738,129.70

              
	
                June
                  2020

              	
                60,792,375.43

              
	
                July
                  2020

              	
                59,860,688.69

              
	
                August
                  2020

              	
                58,942,863.27

              
	
                September
                  2020

              	
                58,038,695.99

              
	
                October
                  2020

              	
                57,147,986.59

              
	
                November
                  2020

              	
                56,270,537.75

              
	
                December
                  2020

              	
                55,406,155.00

              
	
                January
                  2021

              	
                54,554,646.72

              
	
                February
                  2021

              	
                53,715,824.06

              
	
                March
                  2021

              	
                52,889,500.94

              
	
                April
                  2021

              	
                52,075,493.97

              
	
                May
                  2021

              	
                51,273,622.43

              
	
                June
                  2021

              	
                50,483,708.23

              
	
                July
                  2021

              	
                49,705,575.88

              
	
                August
                  2021

              	
                48,939,052.46

              
	
                September
                  2021

              	
                48,183,967.53

              
	
                October
                  2021

              	
                47,440,153.15

              
	
                November
                  2021

              	
                46,707,443.84

              
	
                December
                  2021

              	
                45,985,676.51

              
	
                January
                  2022

              	
                45,274,690.44

              
	
                February
                  2022

              	
                44,574,327.26

              
	
                March
                  2022

              	
                43,884,430.93

              
	
                April
                  2022

              	
                43,204,847.63

              
	
                May
                  2022

              	
                42,535,425.84

              
	
                June
                  2022

              	
                41,876,016.19

              
	
                July
                  2022

              	
                41,226,471.54

              
	
                August
                  2022

              	
                40,586,646.84

              
	
                September
                  2022

              	
                39,956,399.20

              
	
                October
                  2022

              	
                39,335,587.78

              
	
                November
                  2022

              	
                38,724,073.81

              
	
                December
                  2022

              	
                38,121,720.54

              
	
                January
                  2023

              	
                37,528,393.21

              
	
                February
                  2023

              	
                36,943,959.01

              
	
                March
                  2023

              	
                36,368,287.11

              
	
                April
                  2023

              	
                35,801,248.52

              
	
                May
                  2023

              	
                35,242,716.18

              
	
                June
                  2023

              	
                34,692,564.89

              
	
                July
                  2023

              	
                34,150,671.23

              
	
                August
                  2023

              	
                33,616,913.62

              
	
                September
                  2023

              	
                33,091,172.22

              
	
                October
                  2023

              	
                32,573,328.96

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                Distribution
                  Date:

              	
                Aggregate
                  Principal Balance ($):

              
	
                November
                  2023

              	
                32,063,267.51

              
	
                December
                  2023

              	
                31,560,873.19

              
	
                January
                  2024

              	
                31,066,033.03

              
	
                February
                  2024

              	
                30,578,635.67

              
	
                March
                  2024

              	
                30,098,571.43

              
	
                April
                  2024

              	
                29,625,732.19

              
	
                May
                  2024

              	
                29,160,011.41

              
	
                June
                  2024

              	
                28,701,304.10

              
	
                July
                  2024

              	
                28,249,506.85

              
	
                August
                  2024

              	
                27,804,517.69

              
	
                September
                  2024

              	
                27,366,236.18

              
	
                October
                  2024

              	
                26,934,563.35

              
	
                November
                  2024

              	
                26,509,401.65

              
	
                December
                  2024

              	
                26,090,654.97

              
	
                January
                  2025

              	
                25,678,228.60

              
	
                February
                  2025

              	
                25,272,029.22

              
	
                March
                  2025

              	
                24,871,964.84

              
	
                April
                  2025

              	
                24,477,944.87

              
	
                May
                  2025

              	
                24,089,879.99

              
	
                June
                  2025

              	
                23,707,682.22

              
	
                July
                  2025

              	
                23,331,264.85

              
	
                August
                  2025

              	
                22,960,542.43

              
	
                September
                  2025

              	
                22,595,430.79

              
	
                October
                  2025

              	
                22,235,846.94

              
	
                November
                  2025

              	
                21,881,709.13

              
	
                December
                  2025

              	
                21,532,936.83

              
	
                January
                  2026

              	
                21,189,450.65

              
	
                February
                  2026

              	
                20,851,172.35

              
	
                March
                  2026

              	
                20,518,024.89

              
	
                April
                  2026

              	
                20,189,932.31

              
	
                May
                  2026

              	
                19,866,819.76

              
	
                June
                  2026

              	
                19,548,613.51

              
	
                July
                  2026

              	
                19,235,240.89

              
	
                August
                  2026

              	
                18,926,630.32

              
	
                September
                  2026

              	
                18,622,711.21

              
	
                October
                  2026

              	
                18,323,414.06

              
	
                November
                  2026

              	
                18,028,670.37

              
	
                December
                  2026

              	
                17,738,412.61

              
	
                January
                  2027

              	
                17,452,574.31

              
	
                February
                  2027

              	
                17,171,089.88

              
	
                March
                  2027

              	
                16,893,894.76

              
	
                April
                  2027

              	
                16,620,925.32

              
	
                May
                  2027

              	
                16,352,118.84

              
	
                June
                  2027

              	
                16,087,413.55

              
	
                July
                  2027

              	
                15,826,748.55

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                Distribution
                  Date:

              	
                Aggregate
                  Principal Balance ($):

              
	
                August
                  2027

              	
                15,570,063.85

              
	
                September
                  2027

              	
                15,317,300.35

              
	
                October
                  2027

              	
                15,068,399.80

              
	
                November
                  2027

              	
                14,823,304.79

              
	
                December
                  2027

              	
                14,581,958.78

              
	
                January
                  2028

              	
                14,344,306.06

              
	
                February
                  2028

              	
                14,110,291.69

              
	
                March
                  2028

              	
                13,879,861.59

              
	
                April
                  2028

              	
                13,652,962.44

              
	
                May
                  2028

              	
                13,429,541.72

              
	
                June
                  2028

              	
                13,209,547.67

              
	
                July
                  2028

              	
                12,992,929.29

              
	
                August
                  2028

              	
                12,779,636.31

              
	
                September
                  2028

              	
                12,569,619.23

              
	
                October
                  2028

              	
                12,362,829.25

              
	
                November
                  2028

              	
                12,159,218.32

              
	
                December
                  2028

              	
                11,958,739.06

              
	
                January
                  2029

              	
                11,761,344.78

              
	
                February
                  2029

              	
                11,566,989.51

              
	
                March
                  2029

              	
                11,375,627.93

              
	
                April
                  2029

              	
                11,187,215.40

              
	
                May
                  2029

              	
                11,001,707.91

              
	
                June
                  2029

              	
                10,819,062.12

              
	
                July
                  2029

              	
                10,639,235.32

              
	
                August
                  2029

              	
                10,462,185.43

              
	
                September
                  2029

              	
                10,287,870.98

              
	
                October
                  2029

              	
                10,116,251.12

              
	
                November
                  2029

              	
                9,947,285.57

              
	
                December
                  2029

              	
                9,780,934.68

              
	
                January
                  2030

              	
                9,617,159.38

              
	
                February
                  2030

              	
                9,455,921.15

              
	
                March
                  2030

              	
                9,297,182.05

              
	
                April
                  2030

              	
                9,140,904.68

              
	
                May
                  2030

              	
                8,987,052.21

              
	
                June
                  2030

              	
                8,835,588.37

              
	
                July
                  2030

              	
                8,686,477.38

              
	
                August
                  2030

              	
                8,539,684.01

              
	
                September
                  2030

              	
                8,395,173.55

              
	
                October
                  2030

              	
                8,252,911.78

              
	
                November
                  2030

              	
                8,112,865.00

              
	
                December
                  2030

              	
                7,975,000.02

              
	
                January
                  2031

              	
                7,839,284.10

              
	
                February
                  2031

              	
                7,705,685.03

              
	
                March
                  2031

              	
                7,574,171.03

              
	
                April
                  2031

              	
                7,444,710.82

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                Distribution
                  Date:

              	
                Aggregate
                  Principal Balance ($):

              
	
                May
                  2031

              	
                7,317,273.55

              
	
                June
                  2031

              	
                7,191,828.86

              
	
                July
                  2031

              	
                7,068,346.80

              
	
                August
                  2031

              	
                6,946,797.89

              
	
                September
                  2031

              	
                6,827,153.08

              
	
                October
                  2031

              	
                6,709,383.72

              
	
                November
                  2031

              	
                6,593,461.64

              
	
                December
                  2031

              	
                6,479,359.01

              
	
                January
                  2032

              	
                6,367,048.48

              
	
                February
                  2032

              	
                6,256,503.05

              
	
                March
                  2032

              	
                6,147,696.17

              
	
                April
                  2032

              	
                6,040,601.62

              
	
                May
                  2032

              	
                5,935,193.62

              
	
                June
                  2032

              	
                5,831,446.74

              
	
                July
                  2032

              	
                5,729,335.95

              
	
                August
                  2032

              	
                5,628,836.56

              
	
                September
                  2032

              	
                5,529,924.26

              
	
                October
                  2032

              	
                5,432,575.10

              
	
                November
                  2032

              	
                5,336,765.50

              
	
                December
                  2032

              	
                5,242,472.18

              
	
                January
                  2033

              	
                5,149,672.24

              
	
                February
                  2033

              	
                5,058,343.13

              
	
                March
                  2033

              	
                4,968,462.60

              
	
                April
                  2033

              	
                4,880,008.75

              
	
                May
                  2033

              	
                4,792,959.99

              
	
                June
                  2033

              	
                4,707,295.07

              
	
                July
                  2033

              	
                4,622,993.03

              
	
                August
                  2033

              	
                4,540,033.23

              
	
                September
                  2033

              	
                4,458,395.35

              
	
                October
                  2033

              	
                4,378,059.34

              
	
                November
                  2033

              	
                4,299,005.47

              
	
                December
                  2033

              	
                4,221,214.29

              
	
                January
                  2034

              	
                4,144,666.67

              
	
                February
                  2034

              	
                4,069,343.69

              
	
                March
                  2034

              	
                3,995,226.80

              
	
                April
                  2034

              	
                3,922,297.67

              
	
                May
                  2034

              	
                3,850,538.23

              
	
                June
                  2034

              	
                3,779,930.72

              
	
                July
                  2034

              	
                3,710,457.64

              
	
                August
                  2034

              	
                3,642,101.70

              
	
                September
                  2034

              	
                3,574,845.92

              
	
                October
                  2034

              	
                3,508,673.54

              
	
                November
                  2034

              	
                3,443,568.07

              
	
                December
                  2034

              	
                3,379,513.25

              
	
                January
                  2035

              	
                3,316,493.06

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                Distribution
                  Date:

              	
                Aggregate
                  Principal Balance ($):

              
	
                February
                  2035

              	
                3,254,491.73

              
	
                March
                  2035

              	
                3,193,493.72

              
	
                April
                  2035

              	
                3,133,483.71

              
	
                May
                  2035

              	
                3,074,446.63

              
	
                June
                  2035

              	
                3,016,367.60

              
	
                July
                  2035

              	
                2,959,232.00

              
	
                August
                  2035

              	
                2,903,025.39

              
	
                September
                  2035

              	
                2,847,733.56

              
	
                October
                  2035

              	
                2,793,342.53

              
	
                November
                  2035

              	
                2,739,838.51

              
	
                December
                  2035

              	
                2,687,207.90

              
	
                January
                  2036

              	
                2,635,437.33

              
	
                February
                  2036

              	
                2,584,513.62

              
	
                March
                  2036

              	
                2,534,423.78

              
	
                April
                  2036

              	
                2,485,155.02

              
	
                May
                  2036

              	
                2,436,694.72

              
	
                June
                  2036

              	
                2,389,030.48

              
	
                July
                  2036

              	
                2,342,150.07

              
	
                August
                  2036

              	
                2,296,041.44

              
	
                September
                  2036

              	
                2,250,692.72

              
	
                October
                  2036

              	
                2,206,092.22

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00114-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00114-of-00352.parquet"}]]